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BusinessWeek MINDANAO

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Volume VI, No. 139

Market Indicators As of 5:45 pm May 19, 2016 (thursday)

FOREX

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106.97 points

Briefly Women entrepreneurs SAN FRANCISCO, Agusan del Sur – The Women’s Association of San Francisco Agusan del Sur, Inc. (WASFADSI) launched recently its Shared Service Facility (SSF) for the Upgrading of Catering Services Project. Ester D. Libo, WASFADSI President thanked the Department of Trade and Industry (DTI) in Agusan del Sur for the opportunity to operate the SSF for the federation’s catering business as well as to make available these facilities for use of its members. In response, DTI-Agusan del Sur OIC-Provincial Director Brenda B. Corvera asked the group to take good care of the SSF facilities. She reminded the group that they can impose fees for the facilities’ use to allow them to earn income which they can use for their operations as well as set aside for the maintenance and replacement of equipment in the future.

PRDP generates jobs, pays P253m in wages www.businessweekmindanao.com

SENATOR Cynthia A. Villar said training on sweet corn production will boost the income of our farmers and will further develop the agriculture sector and pave the way for inclusive growth. In her remarks during the opening of the training held at Villar SIPAG Farm in Las Piñas City, Villar said she would like to personally bridge the gap that would enable Filipino farmers and agri-related industry players to be more competitive and successful. She said the gap involves the lack of technical expertise and knowhow in mechanization which are being provided in the training given for free by Villar SIPAG. As chair of the Senate Agriculture and Food committee, Villar assured to provide continuous training and education to farmers, fisherfolks and their families as well as residents of agricultural communities all over the country.

Friday | May 20, 2016

Davao’s biz pioneers reassure Duterte is ‘good for business’ By CARMELITO Q. FRANCISCO, Correspondent

Duterte

DAVAO City -- Homegrown businesses expect more investors to start considering Davao City following the as-yet unofficial victory of Mayor Rodrigo R. Duterte in this year’s presidential election. At the same time they expressed confidence his administration will deliver continued economic growth nationwide. “Of course we believe more investors will take note of the city as an area of opportunities, but with his leadership, we believe the entire country will benefit from it,” said Eric D. dela Costa, vice-president of Alsons Business/PAGE 11

DAF-ARMM set to distribute aid to farmers hit by drought By FERDINANDH B. CABRERA, MindaNews

Corn production

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COTABATO City -- The Department of Agriculture and Fisheries in the Autonomous Region in Muslim Mindanao (DAF-ARMM) is set to distribute farm aid inputs to farmers badly hit by the severe drought during the last quarter. DAF-ARMM Secretary Alexander Alonto Jr. said there is an urgent response needed for the farmers to immediately cope with the rainy season now being felt all over the region, coming from the almost six

months of crop failure due to the impact of the long dry spell brought about by the El Niño phenomenon. “Our office is now validating from the ground who are those farmers to be assisted and they are preparing the farm seeds and other inputs for the immediate response,” Alonto said. DAF-ARMM is celebrating its 25th year of service after it was devolved to the autonomous regional government in 1991 by virtue of Executive Order No. 460 signed by farmers/PAGE 11

P15.00

By CARMELITO Q. FRANCISCO, Correspondent

HE Philippine Rural Development Project (PRDP) has so far generated 11,510 jobs and paid P253.43 million in wages for the implementation of infrastructure projects since they were started in 2013, according to a PRDP report released this week. The PRDP’s Intensified Building-Up of Infrastructure and Logistics for Development Component opened employment opportunities for the construction of farmto-market roads, bridges, irrigation systems and potable water systems. Among those employed were 4,175 skilled workers such as engineers, drivers, masons, heavy equipment

PIGEONS AT THE PARK. A police officer walks past a flock pigeons being fed by a tourist at Rizal Park, Davao City. Pigeons at the park are becoming an attraction for locals and tourists alike. MindaNews photo by Toto Lozano

Malaysian envoy: More eco-zones needed in the countryside By ANTONIO L. COLINA IV, MindaNews

ORGANIC. Organically grown bananas are being sold at Rizal Park, Davao City as the City Agriculturist Office celebrate the 27th Farmers and Fisherfolks Month. MindaNews photo by Toto Lozano

operators, welders, steelmen, carpenters and foremen, said Lealyn A. Ramos, PRDP Mindanao cluster director. “Unskilled workers such as laborers and helpers counted at 7,335 over the period of over three years and counting,” Ms. Ramos said. “PRDP is still halfway through its project life, so PRDP/PAGE 11

DAVAO City -- The incoming administration of President Rodrigo R. Duterte should put up more economic zones in the rural areas to spur growth and create economic activities in the countryside. Speaking to reporters during “Wednesdays at Habi at Kape” in Abreeza Mall, Abdullah Zawawi Tahir,

Malaysia’s consul general in Mindanao, said that the eco-zones are necessary to attract investors because these provide the infrastructure that they would need for their operations. When investors locate in a rural area, he said they will generate employment and provide the locals with

income but “most of the eco-zones are in Manila,” so all products from all over the country will have to be delivered there. “It should be here. We have ports in Panabo and Davao cities,” Tahir said. He explained that people who would land jobs here no longer have to go to the Philippine capital or even envoy/PAGE 11

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Economy

DTI leads confab to empower women micro entrepreneurs THE Department of Trade and Industry (DTI) region 10 gathered 115 women micro entrepreneurs from all over Northern Mindanao on 12-13 May in Cagayan de Oro City to conduct a two-day seminar workshop on Greening the Gender Responsive Value Chain Analysis, a project under Philippine Commission on Women (PCW) in its Gender Responsive Economic Action for the Transformation of Women (GREAT Women Project). According to Ma. Eliza A. Pabillore, provincial director of DTI Misamis Oriental, this activity aims to help

women achieve inclusive development and economic empowerment. She said that the project is funded by the Canadian Government focusing on creating an enabling environment for women’s economic empowerment at the national and local level. Pabillore emphasized the importance of women as entrepreneurs in the economy. She said that women have a great potential to become successful entrepreneurs. “Women, are very focused at the same time have the ability to take care of a lot of concerns, and we do a lot

of multi-tasking,” she said. Further, women play a very big role in the economy, providing additional income to their families, employment to the country and also giving rise to more enterprises in the country side. “There is a great potential of contributing to the Philippine economy and so the development of the country,” she said. On the other hand, the seminar-workshop also included “greening” the environment. She said they are trying to consolidate Greening in the entire value chain project, from the crude materials to the last item, because

ever ything ought to be processed. Further, the intention of the workshop is to come up with an action plan which would help women micro entrepreneurs to grow and at the same time incorporate the greening concern of the entire value chain. “Taking care of the environment is a responsibility also of an entrepreneur,” Pabillore said. Meanwhile, Rhodelia Sojor, a women entrepreneur from Lanao del Norte who star ted managing their family business of fabricating machines for food processing since her husband slowed down few years ago, said that she attended the activity because she wanted to expand her business and go into the food industry since she is making equipment for food processing. She said that she makes sure that her equipment dti/PAGE 8

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Loan agreement on Panguil Bay bridge forged TUBOD, Lanao del Norte -Lanao del Norte leaders were elated upon hearing the recent signing ceremony between the Philippine government (PHL) and the Export-Import Bank of Korea-Economic Development Cooperation Fund (KEXIM-EDCF). The Memorandum of Agreement (MOA) signing held at the Bureau of Treasury, Intramuros, Manila on April 28 this year, was for the $100.13-million loan that will fund the construction of the 4.19-kilometer Panguil Bay bridge. The mega-infrastructure project will soon connect the city of Tangub in Misamis Occidental and the capital town of Tubod in Lanao del Norte. In the MOA signing ceremony, the Philippine Government was represented by Nat i on a l Tre a s u re r Roberto Tan while Chief Representative Yongkeun Oh signed for the KEXIM-EDCF. “We are happy of this latest development. Finally, we will see the realization

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of this long-awaited bridge that will not only bring about more development in this part of Mindanao but will also strengthen the ties and partnerships between the coastal towns and cities surrounding Panguil Bay,” said First District Representative Imelda Q. Dimaporo. T h e D e p a r t m e nt of Public Works and Highways (DPWH) is the implementing agency for this mega-project which is expected to be finished by the year 2018. In an interview with Rep. Dimaporo, the bridge was the brainchild of her father, former Governor Arsenio Quibranza and formerTangub mayor Alfons o Tan. However, it was her husband Second District Representative Abdullah D. Dimaporo who spearheaded the initial stages of the project when he tapped the Mindanao Development Authority (MinDA) for a feasibility study. Rep. Dimap oro a ls o requested DPWH to give the project its full support. For her part, Rep. Imelda Dimaporo also recommended the bridge project during several meetings at the head office of National Economic Development Authority (NEDA). Last 2009 during her State-of-the-Nation Address, former-President Gloria Macapagal-Arroyo mentioned the Panguil Bay bridge project as one of her priority projects, but the project was sidelined. loan/PAGE 8

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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Perseverance Prevails Think a minute…A university student named Julie Beasely was shot 2 times with a high powered rifle. The doctors gave her only a 5% chance of surviving. They told her family that if by some miracle Julie lived, she would never walk again. Just a couple of years later, Julie Beasely g raduated wit h honors from university. And to the amazement of everybody on the day of her graduation, Julie stood up and walked across the stage to receive her degree. It’s true that work and perseverance always pays off. Our problem is that we want a quick and easy answer. But life just doesn’t work that way. A wise man said: “Patience and perseverance may be bitter, but its final fruit is sweet.” Larry Bird is considered one of the greatest basketball players in history. He says: “If you keep doing your best every day, good things are going to happen to you.” We often think of great artists and musicians as being brilliant geniuses who just naturally and easily perform, without effort or practice. But the truth is that most of them simply kept working hard every day until they finally produced their masterpieces.

THINK

A Minute

Jhan Tiafau Hurst Michelangelo’s painting called Last Judgment is one of the 12 greatest paintings in all of history. It took him 8 years to paint, and more than 2,000 drawings to finally get it right. Leonardo da Vinci took 10 years to do his famous painting, The Last Supper. In fact, many days he worked nonstop and even forgot to eat. When the great piano player, Paderewski, was a very old man, he still practiced piano 6 hours a day or more! Someone said to him, “You must have so much patience.” Paderewski answered: “I don’t have any more patience than other people. It’s just that I use mine.” For almost 50 years, Paul Harvey was the most listened to radio speaker in America. He said that every hurst/PAGE 8

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What Presumptive President Rody Needs to Include in His Agenda Many are raring to go to see our country’s peep-o-day as we are about to begin with the new presidency. The close allies of presumptive president Rody published the new administration’s eight-point economic agenda. The presumptive president gives us a Yeoman’s service in showing a strong resolve to eradicate corruption, drug addiction and crime w hich have an imp ac t on our economy. Some sectors, however, raised their sentiments, saying that the eight-point agenda just continue the economic priorities of the Aquino regime, thus still serve the interest of the upper crusters. Understandably, these are only initial plans. I hope the presumptive president will also consider my ideas for the common good. At the outset, I would like to use “strategic agenda” in lieu of “economic agenda” because the latter seems to limit its scope to just one discipline and might connote that the economy we are referring to only point out the improvement of the GDP without lifting the average individual income and bring in social justice. We should be guided by premises in making these agenda: that they should address both competitiveness, and social and cultural equity. Without these premises, the “economics” will only serve in bloating figures. To make the “change” platform of the presumptive president really change-oriented, the

following might help: 1) Pr i or it i z i ng t he exploration and utilization of resources from the Benham Rise. 2) P r o m o t i n g t h e knowledge-based economy by emphasizing research and development (R & D) investment for main Filipino products or services, and promoting the academiaindustr y-government alliances as the main “circulators” of the economy. 3) I n c r e a s i n g o u r agricultural productivity by removing obstacles such as corruption in this industry and the exploitation of middlemen. 4) Emphasizing creative industries (CI) to emphasize both culture and arts as the country’s unifying force, and businesses that regard sustainability. 5) Implementation of a low-cost house building model already developed by the Department of Science and Technology for calamityhit areas. This can be done through the partnership of the government and NGO’s. The unexplored and untapped B enham Rise confronts us with a question: are we aware that this might already provide us with wings without undergoing the painful process of breaking from the cocoon? This is what transient competitive advantage is about and it can mean an instant competitive advantage for the country. If we carve our path, we do not need to follow the escalator model of development; instead, we think what others

have not thought of even if bestowed with many lifetimes. In today’s parlance, it means founding a Facebook, Uber taxi or Airbnb in lieu of just modeling the established leaders. T h e s e c on d i d e a i s based on the globalization trend—a movement from the efficiency-driven stage to the innovation stage. We just shifted from the factordriven to the efficiencydriven stage (WEF Global Competitiveness Report of 2012-2013) and we must leave no stone unturned to reach the next level. With the right infrastructure, this can also be done through more investment in research and development (in tourism and agriculture, for example). We must be aware that in R & D innovation, we are ranked 94th among 144 countries and there is a need to sweat to make progress. Thurow (1999), in a scientific paper, posits the R & D investment calculus to convince us of the yield: …social returns (total economic returns to the whole society) on R&D spending (averaging the results of eight different studies)were 66 percent, with a range from 50 to 105 percent – or almost three times as high as those 24 percent private financial returns...There are huge positive social spillovers from research and development spending... Moreover, I mentioned about academia-industrygovernment collaborations because many scientific studies support the

lucell larawan importance of such alliances. These linkages create knowledge, consensus and innovation spaces according to Etzkowitz’s (2002) model. In other words, making the three sectors work together to the fullest brings the creation, capitalization and comme rci a li z at i on of knowledge—those responsible in developing a nation in the context of the global knowledge-based economy. The agenda of Duterte’s camp already mentioned about agricultural productivity emphasis. This is how to avoid making the haut monde’s control of the economy for their advantage and is one of the ways to distribute wealth to the masa. It should reflect why our country taught the Thais in rice production, but now they are ahead of us. The United Nation’s Creative Economy Report 2008 demonstrates that the creative industries are potent engines for economic growth. This is not only in terms of direct economic impact of these industries from the sale larawan/PAGE 8

PNoy, Trillanes, face death or China “treason” LIFE’S INSPIRATIONS: “… God is not unjust; he will not forget your work and the love you have shown him as you have helped his people and continue to help them…” (Hebrews 6:10, the Holy Bible). -ooo “PRESUMPTIVE PRESIDENT” IS LEGALLY AND GRAMATICALLY C ORRECT: Who e ver started calling Davao City Mayor Rodrigo Duterte as the “presumptive president” surely did his sleuthing well on his choice of the word “presumpt ive”. A check with Google on what “presumptive” actually means gives rise to the conclusion that, indeed, the proper way to address Duterte at this point is “presumptive president”. First, Duterte has not been proclaimed yet, even if partial and unofficial vote tallies show him to be leading by the proverbial mile against his rivals. And because he has not been proclaimed yet, he could not be properly called “president elect”. A “president elect” is someone who has not assumed office yet, although he had already

been proclaimed the winner. On t he ot her hand, “presumptive” means “having a good reason to believe that something is true” (see www.vocabulary.com) or “based on a presumption” or “presumed” (see www. thefreedictionary.com) or “based on probability or presumption” (see www. m e r i a m - w e b s t e r. c o m ) . In short, a “presumptive president” is a person who, li ke D uter te, cou ld b e presumed or believed to be the next president, based on unofficial election results, although he is not proclaimed yet. -ooo OF F IC IA L S W I T H N O S TAT E M E N T O F CONTRIBUTIONS MAY NOT ASSUME OFFICE: Here is a reminder to the candidates in the just-concluded May 09, 2016 elections, whether they won or lost: you must file a “statement of contributions and expenditures” not later than 30 days after the day of election, pursuant to Section 14, Republic Act No. 7166. You are facing possible perpetual disqualification from holding any public office if you failed to do

so, in at least two elections. What is more important is this: if the candidate won, he may not be allowed to assume the office in which he got elected. The law says: “No person elected to any public office shall enter upon the duties of his office until he has filed the statement of contributions and expenditures required herein within the period prescribed by this act.” These parts of RA 7166 could prove to be effective weapons against political rivals. This could prevent a candidate from proceeding with his candidacy, and a winner from assuming his post. -ooo PNOY, TRILL ANES, FACE DEATH FOR CHINA TREASON: President Aquino and Sen. Antonio Trillanes IV are in danger of facing the death penalty for their alleged complicity in the take-over of Scarborough Shoal in the West Philippine Sea by China, which happened, according to Mayor Duterte, after Trillanes visited Chinese officials 16 times during the presidency of President Aquino. Duterte told media on

K akampi

Mo A ng Batas

Atty. Batas Mauricio Monday, May 16, 2016, that Trillanes could have committed treason. “Trillanes went to China 16 times and, after the 16th visit, we lost the Scarborough Shoal. To me, its treason,” Duterte was quoted as saying. His supporters sued Aquino and Trillanes with treason before the Ombudsman before the elections. The Revised Penal Code of the Philippines, under its Art. 114, defined “treason as follows: “Any person who, owing allegiance to the Government of the Philippine Islands, not being a foreigner, levies war against them or adheres to their enemies, giving them aid or batas/PAGE 6

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CorporateWorld 5 Megaworld expands Alsons targets 180 MW office inventory in additional renewables 2013 ppi’S Best in Business and Economic Reporting

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LSONS Consolidated Resources, Inc. is looking at more renewable energy projects as it sets a target additional capacity of 180 megawatts of hydroelectric power while setting its sights on developing its first solar energy project. “On Solar, we have the capacity right now, given the extent of our landholdings that are actually shovelready. We have a potential of up to 100 megawatts (MW),” Joseph C. Nocos, Alsons vice-president for business development, told reporters on the sidelines of an industry conference on Wednesday. He said the company is looking at starting with 1020 MW for a solar project in

Mindanao in the next two to three years. “Our strategy is to expand our capacity according to what the market needs,” he said. “So it will be a calibrated approach to our renewable energy expansion.” For hydroelectric power, of the potential 180-MW capacity, 40 MW is on Negros island and the rest is in Mindanao, he said. “(For solar) we are in a conversation now with major global (renewable energy) player,” he said. “The choices are between a European or a Japanese player.” “For hydro, we w i l l probably go by ourselves along with our partner Toyota Tsusho (Corp.),” he added. “They haven’t committed to invest in it yet, but they

Phoenix wins Samsung supply deal extension PHOENIX Semiconductor Philippines Corp. (PSPC) said it signed a new supply agreement covering memory products with South Korea’s Samsung Electronics Co., Ltd., extending its existing contract for at least another three years. In a st atement, t he Philippine-incorporated company announced the signing of the master agreement with Samsung and SFA S emicon C o., Lt d . , f o r m e r l y k n ow n as ST S S emiconduc tor Telecommunications Co., Ltd., on Wednesday. PSPC has an existing business transaction ag re ement (BTA) w it h Samsung. The deal sealed in 2010 provides for a possible extension until February 2017. The master agreement effectively renews the deal for three more years starting June 1 this year. It also provides for an automatic renewal for one year if the parties find no amendments necessary. Under the agreement, Samsung will continue to supply production materials along with semiconductor manufacturing and testing equipment over the contract period. Such an arrangement aims to ensure that PSPC conforms to Samsung’s “highest standards” of product quality and manufacturing efficiencies, according to the company. The usu a l ter ms in t h e g l o b a l out s ou rc e d semiconductor assembly and test (OSAT) industry involve a purchase-orderbased contract. “A long -ter m b as e d contract for a semiconductor company is something unique to PSPC among OSAT industry players in the world,” PSPC President Byeongchun

Lee said in the statement. PSCP, a wholly owned subsidiary of South Korea’s STS Semiconductor and Telecommunications Co., star ted its commercial operations in February 2011. The company’s major product lines are Dynamic Random Access Memory and memory chips for desktop computer work stations and servers, personal computers, laptops and ultrabooks as well as Samsung-branded memory secured digital cards. PSPC recently received production equipment from the South Korean electronics group, in addition to those supplied for the existing exclusive Samsung Phase 1 facility since 2011. The company raised P468 million from the primary portion of its initial public offering on the Philippine Stock Exchange in December 2014. The proceeds funded the expansion of the Phase 1 production plant, mainly for the installation of the memory card packaging production line, last year. PSPC, which exported $2.53 billion worth of memory products last year, is ramping up production capacity in line with the technology shift to the higher-capacity DDR4 from DDR3 for its memory products and to the V-NAND platforms for its flash memory cards. Mr. Lee said PSPC remains committed to pursue the construction of the proposed Phase 2 facility to serve nonSamsung customers and equip the company for the eventual recovery of the semiconductor industry. PSPC remains “cautiously optimistic” that a turn-around in the global semiconductor industry will commence in the second half, the company’s president noted.

would be our first choice.” He a d d e d t h a t t h e company is looking at a debt-equity ratio of 70%-30% as financing for the project. The move comes after the Alsons power group’s Sarangani Energy Corp. completed testing the first 105-MW section of its 210MW base load coal-fired power plant in Maasim, Sarangani. Last month, the plant was in the final stages

of commissioning ahead of the start of commercial operations. When it reaches its full 210-MW capacity in 2018, the the Sarangani plant’s coverage area is expected to include the entire province of South Cotabato and the provinces of Davao del Sur, Zamboanga del Norte and Zamboanga del Sur and areas in Misamis Oriental and North Cotabato.

LISTED MEGAWORLD C or p. is expanding its office inventory with a new high-rise tower in the rising township of McKinley West in Fort Bonifacio, Taguig City. In a press briefing on Wednesday, the Andrew L. Tan-led property developer said the construction of the tower is expected to provide an additional 32,000 square meters of leasable office spaces. Accordingly, Megaworld is hiking its capital spending for the development of office

towers in Fort Bonifacio over the five-year period ending 2019 by 15% to P23 billion from P20 billion. Megaworld will spend “roughly” around 60% to 70% of the additional P3-billion capital spending budget for the construction of the new tower called 10 West Campus, its senior vice-president Jericho P. Go said. 10 West Campus will be built beside six other buildings, which are currently in the construction stage: megaworld/PAGE 6

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DTI leads confab to empower women micro entrepreneurs in NorMin

CAGAYAN DE ORO CITY – The Department of Trade and Industry (DTI) region 10 gathered 115 women micro entrepreneurs from all over Northern Mindanao on 12-13 May in Cagayan de Oro City to conduct a two-day seminar workshop on Greening the Gender Responsive Value Chain Analysis, a project under Philippine Commission on Women (PCW) in its Gender Responsive Economic Action for the Transformation of Women (GREAT Women Project). According to Ma. Eliza A. Pabillore, provincial director of DTI Misamis Oriental, this activity aims to help women achieve inclusive development and economic empowerment. She said that the project is funded by the Canadian

Government focusing on creating an enabling environment for women’s economic empowerment at the national and local level. Pabillore emphasized the importance of women as entrepreneurs in the economy. She said that women have a great potential to become successful entrepreneurs. “Women, are very focused at the same time have the ability to take care of a lot of concerns, and we do a lot of multi-tasking,” she said. Further, women play a very big role in the economy, providing additional income to their families, employment to the country and also giving rise to more enterprises in the country side. “There is a great potential of contributing to the Philippine economy and so the development of

the country,” she said. On the other hand, the seminar-workshop also included “greening” the environment. She said they are trying to consolidate Greening in the entire value chain project, from the crude materials to the last item, because everything ought to be processed. Further, the intention of the workshop is to come up with an action plan which would help women micro entrepreneurs to grow and at the same time incorporate the greening concern of the entire value chain. “Taking care of the environment is a responsibility also of an entrepreneur,” Pabillore said. Meanwhile, Rhodelia Sojor, a women entrepreneur from Lanao del Norte who started managing their family business of fabricating machines for food processing since her husband slowed down few years ago, said that she attended the activity because she wanted to expand her business and go into the food industry since she is making equipment for food processing. She said that she makes sure that her equipment sold in the market is gender sensitive wherein women

will not have a hard time such as in cooking or mixing food. She has also learned the importance of greening where she will be more conscious of the chemicals she will use and its disposal. Further, she said that in support to women, she hires women welders in her factory. Malou Tumang, proprietor of Vita-C and president of the Food Processors of Nor thern Mindanao (FOPANORMIn) said that she gained much information upon attending the seminar such as government programs and projects to support micro entrepreneurs. She said the Food Innovation Center at the Mindanao University of Science and Technology (MUST) is a great venue for food entrepreneurs to package their products. Lastly, she said that an entrepreneur must believe in his/her product and must have the discipline to be successful in the business. The ac t iv it y was in collaboration with other government agencies such as the Department of Science and Technology (DOST) region 10, Depar tment of Agriculture (DA) and Department of Labor and Employment (D OLE). (Joemides Daquio/JMOR/ PIA10)

Batas... from page 4

comfort within the Philippine Islands or elsewhere, shall be punished by reclusion temporal to death...” Death penalty, however, is suspended as of the moment. -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 www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

Megaworld... from page 5

One West Campus, Two West Campus, Three West Campus, Five West Campus, Six West Campus and Eight West Campus. The new tower will rise 17 storeys high. Megaworld will lease out 13 floors for offices, three for podium parking and the ground floor for retail and recruitment centers for business process outsourcing (BPO) tenants. “We are upbeat about McKinley West because this township stands in a very premium location right beside Forbes Park and has a convenient, fast access

Improved PID rolls out nationwide In line with its goal to secure integrity of identity and eliminate fraudulent transactions, the Philippine Postal C or p oration (PHLPost) has announced that the Improved Postal ID will be available to the public starting May 16, 2016 in all post offices nationwide. Issuance of the Basic Postal ID will be discontinued on the same date as well. The Improved Postal ID is designed to address the issues encountered by the previous ID such

as challenges on identity security and institutional a c c e s s . Ne w p hy s i c a l security features that can be seen using just the naked eye were infused on the card, such as the hologram and ghost image, so that frontliners and tellers could outright reject questionable cards without having to use special equipment. This makes the ID verification process simpler and more reliable. A biometrics-based test called the Automated Fingerprint Identification

System (AFIS) has also been added. It checks the applicant’s uniqueness and the integrity of his identity by comparing his fingerprints to the fingerprints record database. Requirements to avail the Improved Postal ID are two (2) copies of dulyaccomplished application form, a proof of identity and a proof of address. Filipinos living in the Philippines or abroad, as well as foreign residents, may apply for the Improved Postal ID. It costs P504.00 inclusive of tax and delivery fee.

to Makati central business district, C5 Road, South Luzon Expressway and the Ninoy Aquino International Airport,” Mr. Go noted. Megaworld has already pre-leased 70% of the six campus-type buildings mostly to information technology and BPO companies. Meanwhile, almost 25% of 10 West Campus are already pre-committed. The comp any opte d to build 10 West Campus as a high-rise building in anticipation of the sustained demand for office spaces and expansion of current tenants’ businesses, Mr. Go said. Office space rental rates currently range over P800 per square meter within the area, but Megaworld expects these to further increase given the strong demand, Mr. Go noted. Me g aw or l d i n it i a l l y planned to offer 66,000 square meters of leasable office spaces with the construction of the six campus-type towers along McKinley West’s Le Grand Avenue. These would have brought the company’s office inventory in Fort Bonifacio to 650,000 square meters by 2018. The construction of 10 West Campus further expands Megaworld’s office inventory in Fort Bonifacio to nearly 700,000 square meters. The company will have more than 30 office towers in the area alone. Alongside, the nationwide inventory of Megaworld’s leasable office spaces would have reached 1 million square meters, which would have contributed 1 million direct and indirect jobs, Mr. Go said.

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AgriBusiness 7 Dry spell, typhoon damage on crops dent agri output in Q1 2016 - DA A 2013 ppi’S Best in Business and Economic Reporting

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GRICULTURAL output fell 4.53 percent to P193 billion in the first quarter from a year ago, as the prolonged dry spell and typhoons L ando and Nona damaged crops. Palay, corn and other crops compr ising 52 percent of the total farm output suffered the most,

with an 8.55-percent drop. Fisheries also shrank 5.11 percent. Only livestock and poultry grew, rising 4.66 percent and 1.01 percent, respectively. Their growth, however, was not enough to offset decline in the pro du c t i on of ot h e r agricultural commodities, according to Agriculture

Un d e r s e c re t a r y Jo s e Reano. Farm output contributes about 10 percent of GDP. The government will announce the first-quarter GDP data on Thursday, May 19. R e a n o , t h e D A’s undersecretar y for operations (livestock), elaborated on the impact

of the production declines on overall performance of the sector: “If you drop your production for rice, all crops and fisheries, definitely livestock [will be pulled down]. Last year, it was only livestock and poultry that made t he p osit ive g rowt h, that’s why we pulled the whole Department of Presented by

Myanmar a potential production site for Philippines’ rice exports MYANMAR is seen to be a viable production site for the Philippines’ rice export. This came about following a successful hybrid rice field trial conducted by Filipino firm SL Agritech Corporation (SLAC) in Myanmar which yielded 150 metric tons (MT) of seed per hectare on 100 hectares in Yangon’s Dagon Township. The SLAC successfully led a pioneering trial of hybrid rice seed SL-8H, branded “Shwe Lar-SL-8H”, during the last planting season in Myanmar. Also planted were commercial table grade rice SL-7H (Dona Maria Jasponica) on 11 hectares, SL-9H (Miponica) on 28 hectares, and SL-8H on 20 hectares. “We can exp or t our Dona Maria Jasponica and Miponica rice from Myanmar. Consumers in Myanmar may not want soft and sticky rice, but that is our opportunity to export rice harvested from there,” said SLAC chairman Henry Lim Bon Liong. The Philippines has limited flat land for rice, but Myanmar has around 17 million hectares (far bigger than other rice exporters) of uncultivated land that can be planted to rice. Formerly named Burma, Myanmar used to be the world’s biggest rice exporter prior to World War II when it was then under British rule. As another advantage, exporting rice from Myanmar carries preferential zero tariff for European destinations, according to Dr. Frisco M. Malabanan, SLAC technical consultant.

Other potential export destinations for Dona Maria rice from Myanmar are China and the United States. When exported, Malabanan said the Filipino brand name “Dona Maria premium rice” should be retained as brand name for consistency in the world market. Because it is only now that agricultural land in Myanmar is being tapped, he said the soil is fertile. “The area is very good for seed production. There’s enough water. The soil is very fertile and can be easily mechanized,” said Malabanan who disclosed that he led a harvest festival in Myanmar last May 7. Visitors during the harvest festival were World Food Program representative Nway Wyit Yee Zaw; Department of Agriculture Dagon Township chief officer U. Thwin Soe; Philippines Consul General to Myanmar Maria Lourdes M. Saskedo; SLAC hybrid rice breeder Dr. Weijun Xu, and SLAC vice president Christian Brian Lim. The pilot planting in Myanmar was under a joint venture with private companies Nine Seas led by Aung Tan Oo and Water Stone led by Filipino Norberto Ong. Expansion of hybrid rice planting in Myanmar will likely be supported by the Philippines’ microfinance leader CARD under CARD Myanmar Company Ltd. Meanwhile, Malabanan said SLAC recommends re du c t i on i n t h e n e x t planting season of the AxR (seed production) area to 50 exports/PAGE 8

Agriculture.” This time, however, he added, “it’s too big na hindi na namin kaya, although nag-increase livestock namin, poultry, hindi na mapwersa kasi masasaktan poultry farmers; kasi pag pinataas namin, mumura manok, kawawa sila so we should protect them. They should earn.”

He said the authorities “prepared for everything since 2014, when [weather b u r e a u ] PA G A S A announced [the coming of ] El Niño. June 2014 we already prepared. We already indicated acivities and actions we will do, so these are results of planning and implementation of our program.” (Bloomberg)

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AFFIDAVIT OF SELF-ADJUDICATION OR EXTRAJUDICIAL SETTLEMENT OF ESTATE (By Sole heir (or several heirs) by a Deceased Person) I/We the undersigned, heirs of RODOLFO SIMENE, Rep. by; NICK MAANDIG SIMENE, and REYNANTE MAANDIG SIMENE , all of legal age, married to NORA INIANA-SIMENE and CLARITA AMBALSIMENE, respectively, Filipino, and a resident/s of 189, Zone 4, Bonbon, Cagayan de Oro City, Misamis Oriental, Philippines, hereby DECLARE AND MANIFEST ON OATH: 1. That we are the sole heir/s and compulsory/ nearest heirs of RODOLFO SIMENE, “exclusion of others “under” pain/penalty of perjury or criminal liability;” 2. That the deceased, RODOLFO SIMENE died intestate on 05 March 1999 in (Cogon), Ozamiz City, Misamis Occidental, Philippines, as shown by a copy of a Certificate of Death LCR No. 99-0196 hereto attached and marked as ANNEX “A” and made an integral part hereof by ready reference; 3. That the deceased, RODOLFO SIMENE and his co-owner, BASILISA B. MAANDIG, left a parcel of land known as Lot No. 4-B-2, Psd10-023306 located at Bonbon, City Cagayan de Oro, Mindanao, Philippines, containing an area of TWO THOUSAND ONE HUNDRED NINETY THREE (2,193), SQUARE METERS, more or less; with an assessed value of Php 18,300.00; covered by Transfer Certificate of Title (TCT) No. T-104300 issued by the Register of Deeds of Cagayan de Oro City and likewise covered by Tax Declaration No. G-081944 (PIN-164-04-057-03-017) issued by the City Assessor of Cagayan de Oro City; including the 4. That to the best our knowledge and information the decedent left no debts, which remained unpaid whatsoever nor any LAST WILL and/ or TESTAMENT; 5. The pursuant to Section 1 of Rule 74 of the Revised Rules of Court of the Philippines, I/we hereby ADJUDICATE unto MYSELF/ OURSELVES the parcel of land above described,

and I/we hereby request the Register of Deeds of Cagayan de Oro City to register and render the same effective; 6. The affiant-heir, NICK MAANDIG SIMENE, with the personal circumstances, is hereby authorize, to act and represent, sign, execute, deliver this document/instrument to make effective the foregoing authority; 7. Declaration of undertaking/indemnity Agreement: [“That I/we hereby agree and/or undertake to hold: __ “free” from any suit or claim that may be brought against it by reason of the release of the item or entire amount of the bank balance, etc. in my/our favor,] and [“I/we hereby further undertake to indemnify the said entity/bank/ financial institution in the event it suffers damages should any heir or creditor/assignee appears and subsequently claim deprivation of any right or interest by virtue of this release and settlement/payment thereof;” 8. (That I hereby certify that the above real property does not come under the operation of the Land Reform Code and related laws thereof;) IN TRUTH WHEREOF, I/we have hereunto affixed my/our customary signature this__ day of __ 2016 in Cagayan de Oro City, Philippines. Heirs of RODLFO SIMENE Rep. by: NICK MAANDIG SIMENE and REYNANTE MAANDIG SIMENE Affiant-heir Affiant-Co-owner With my/our conformity:

BASILISA B. MAANDIG Affiant-heir

SUBSCRIBED AND SWORN to before me this __ day of__ 2016 at Cagayan de Oro City. Philippines, and known to me and to be known to be the same person/s who executed the forgoing document and he/she/they acknowledged to me that the same is his/her/their free and voluntary act and deed. WITNESS MY HAND AND SEAL on the and place first above written. BWM: May 20, 27 & June 3, 2016

DTI...

Loan...

Exports...

sold in the market is gender sensitive wherein women will not have a hard time such as in cooking or mixing food. She has also learned the importance of greening where she will be more conscious of the chemicals she will use and its disposal. Further, she said that in support to women, she hires women welders in her factory. Malou Tumang, proprietor of Vita-C and president of the Food Processors of Nor t hern Mindanao (FOPANORMIn) said that she gained much information upon attending the seminar such as government programs and projects to support micro entrepreneurs. She said the Food Innovation Center at the Mindanao University of Science and Technology (MUST) is a great venue for food entrepreneurs to package their products. Lastly, she said that an entrepreneur must believe in his/her product and must have the discipline to be successful in the business. T he a c t iv it y w as i n collaboration with other government agencies such as the Department of Science and Technology (DOST) region 10, D epar tment of Agriculture (DA) and Department of Labor and Employment (D OLE). (Joemides Daquio/JMOR/ PIA10)

When Rep. Dimaporo was re-elected as Representative of the First Congressional District of Lanao del Norte, she and Representative Henry Oaminal of Misamis Occidental Second District worked hard for the project’s inclusion in the national budget. On September 2015 when Transportation Secretary Joseph Abaya visited Lanao del Norte, he saw the need for the bridge project and with Rep. Dimaporo who pushes through this project, President Benigno Aquino III finally made the Panguil Bay bridge as one of his flagship projects. The project also got final approval by the NEDA Board during the term of Governor Khalid Dimaporo as chairman of the Regional Development Council (RDC) Region 10. “We are truly thankful to Pres. Noynoy Aquino for making our dream for a Panguil Bay bridge come true,” said Rep. Imelda Dimaporo. The Panguil Bay bridge will be the first bridge infrastructure project of KEXIM-EDCF here in the country. The bridge is expected to spur faster economic growth as well as improve local tourism in the northern and western part of Mindanao island. (VNL/PIO-LDN/PIA 10-LDN)

hectares due to a shortage of workers. “It seems there is a need to bring machine operators from the Philippines, three to five tractor operators to ensure good land preparation. Weeds grew because land was not well-tilled (despite the already acceptable seed yield). The main problem is lack of skilled labor which is why SLAC is recommending training of farmers and laborers,” Malabanan said. “If the farmers are not trained, they will not buy the seed. We also have to seek partnership with the Ministry of Agriculture for policy support,” he said. The opportunity of rice farming in Myanmar is vast due to its more fertile land and less fertilizers will be needed in order to gain a higher targeted yield. Production cost may be around 50 percent lower compared to the Philippines. Fr o m y e a r s o f l e s s liberalized military rule that started due to reforms in 20102011, Myanmar has opened trade to the world with many multinational firms, including Philippine-based companies already located there.

from page 2

BWM: May 20, 2016

from page 7

Hurst... from page 4

program he wrote was edited and rewritten, word-forword, 50 times! Someone said: “Winners are simply

people who are willing to work more than losers.” Why not ask Jesus Christ to start changing your way of living and working? He’ll help you to be more patient and disciplined, so that everyday you will persevere and work to make His plan for success work for you. Just Think a Minute…

Larawan... from page 4

of goods and services but, importantly, as a multiplier in other sectors by stimulating new business opportunities and enhanced capacity. Beyond the economic aspect, the impact of the CI includes the social, cultural and sustainable development aspects (International Trade Forum, 2009). Sustainable development is a noteworthy contribution of CI through “cultural sustainability” that maintains cultural assets from artworks to artifacts and heritage sites. As the primary input of CI is services (creativity) rather than natural resources, they are environmentally friendly. Theimplementationofmodel houses, on the other hand, deals with the recurring problems of climate change which cost the country billions every year. We rather spend on what gives longterm solutions than continuously pour a lot of dole-outs if there are other pressing issues to focus. With president Rody driving a hard bargain for these strategic agenda, we surely have a chance to rise.

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BWM: May 20, 27 & June 3, 2016

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PRDP... from page 1

we still have a number of big-ticket projects ready for implementation this year and more are on the various stages of procurement, so we are expecting to create more jobs along the way,” she said. The report indicated that it was in 2014 when the number of those hired went up to 5,232 with P105.11 million in wages. During the starting period, there were 1,506 workers with P29.69 million spent for wages. Last year, there were 3,896 workers hired with a payroll total of P95.44 million. This year, 876 workers were hired in the first quarter with P23.19 million in wages. Engineer Maria Fe P. Gabunales, head of the Department of AgriculturePRDP Infrastructure Development ComponentMindanao cluster, noted that about half of the hirings involved locals. “ This is part of our implementation agreement that local labor...would be part of the construction to promote not just employment but also project ownership among the locals,” she said. O f t h e P R DP ’s P 2 7 billion budget, about P18 billion has been set aside for infrastructure development, while the remainder is for enterprise development, natural resources preservation and project operations. Ms. Ramos said project workers will further benefit from the implementation of the enterprise development component. “The bigger employment generation would come from the enterprise development where we pour in funds to assist people’s organization[s] to enhance or develop their agriculture enterprise,” Ms. Ramos said.

Business... from page 1

Properties Inc., a subsidiary of the Alcantara-led Alsons Development and Investment Co. The property company, which has been developing high-end subdivisions in the city since the 1980s, recently launched a new brand for the middle-income market. The Alsons Power Group also has two projects in Mindanao, a 200-megawatt (MW) coal-fired facility in Sarangani province and a 105-MW plant in Zamboanga

City. The Floirendo family’s Anflo Management and Investment Corp. (Anflocor), whose flagship business is banana production and export, has diversified into real estate, port operations, and economic zone development. Ricardo F. Lagdameo, vice-president of Anflocor’s Damosa Land Inc., said Mr. Duterte has basically allowed local businesses to operate and thrive. “For us as a company, the government [of Mr. Duterte] bestowed [on] us the laissezfaire, which means hands off, so that businesses can run and the government’s concern is providing the basic services and needs of the people,” said Mr. Lagdameo in an interview. “This sense of pride in the city, in its people, in its mayor, has made the climate here more conducive for business,” he also said. SIMPLE, NOT HIGHFALUTIN Mr. Lagdameo described Mr. Duterte’s economic agenda as “very simple that promises no red tape, no corruption, solidifying peace and order.” “We tend to forget all these things that are so simple compared to all those highfalutin complicated economic p olicies. But without the building blocks, investors would not come in.” Vicente T. Lao, chairman of the Mindanao Business Council (MBC), said these E X T R A J U DI C IA L S E T T L E M EN T OF THE ESTATE OF THE DECEASED MANDIONSING SABUWAN WITH SPECIAL POWER OF ATTORNEY

from page 1

by then President Corazon Aquino. A weeklong celebration recognizing the contribution of its employees, the fisher folks and farmers will mark this year’s event. Today’s highlight features the Padian-Padian, a showcase of Halal, fresh and organic agriculture and fisheries products. DAF-ARMM will also honor achiever farmers who, despite the challenges of climate change, managed to excel and produced more, especially those who were involved in organic farming methods. There will also be an exhibit of other promising products like the TawiTawi’s spicy chips made from seaweeds and the refreshing and unique tropical marang ice cream.

Envoy... from page 1

abroad to find employment. The Duter te administration pointed out that it will “pursue a genuine agricultural development strategy by providing support services to the small farmers to increase their productivity, improve their market access, and develop the agricultural value chain by forging partnership with agribusiness firms.” Among the plans include improving productivity of the

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City Cagayan de Oro City SHERIFF’S NOTICE OF AUCTION SALE EJF File Number 2016-100 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 DANILO C. TRUGILLO married to Lilibeth A. Trugillo, with postal address at 0046 P-9A, Bayug, Hinaplonon, Iligan City, to satisfy the mortgage indebtedness which as of March 10, 2016, amounts to One Million Five Hundred Seventy Eight Thousand One Hundred Forty Nine Pesos & 74/100 (Php 1,578,149.74) 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 improvement found thereon, viz:

May 13, 20 & 27, 2016

LOT: 22, BLOCK 1, PSD-10-040101 PORTION OF LOT: BLOCK 23, PCS-10-002317 AS SURVEYED FOR: PUEBLO DE ORO DEVELOPMENT CORPORATION (GOLDEN GLOW VILLAGE) LAND USE: RESIDENTIAL LOCATION: UPPER CARMEN, CAGAYAN DE ORO CITY, XXX, CONTAINING AN AREA OF THREE HUNDRED FOURTEEN SQ. MTRS. (314) MORE OR LESS.”

In Compliance with Section 5 of R.A. 9048, a notice is hereby served to the public that DIOSCORO JR. GILLAMAC TIGOL has filed with this office a petition for a (CFN) Change of First Name from “DIOSDADO” to DIOSCORO JR.” in birth certificate of DIOSCORO JR. GILLAMAC TIGOL who was born on November 11, 1957, at Manolo Fortich, Bukidnon and whose parents are DIOSCORO SR. G TIGOL and CAMILA GILLAMAC. Any person adversely affected by said petition may file his/her written opposition to this office not later than 28 May 2016. (Sgd.) BELEN F. LINGANAY City Civil Registrar

BWM: May 13 & 20, 2016

Farmers...

Notice is hereby given that the intestate estate of the late MANDIONSING SABUWAN died November 28, 1979 at San Fernando, Bukidnon, left certain parcel of land located at NONAPAN MARAMAG, BUKIDNON OCT NO. 5251 FREE PATENT NO. 349833 containing an area of Seventy five Thousand One Hundred twenty five (75,125) sq. m more or less is the subject of EXTRAJUDICIAL SETTLEMENT OF T H E E S TAT E O F T H E DECEASED MANDIONSING SABUWAN WITH SPECIAL POWER OF ATTORNEY Under Notary public ATTY. MARIO T. JUNI per doc. No. 67; page No.14; book No.193; series of 2016

NOTICE TO THE PUBLIC

comp anies have g rown and expanded because Mr. Duterte’s leadership has been “good for business.” “Even when everyone did not notice the city as an investment area, these companies have decided to make more investments because they know that eventually his leadership will help them grow their businesses,” said Mr. Lao, who runs construction and poultry companies in Mindanao. Another business leader, Antonio F. de la Cruz, former president of the Davao City Chamber of Commerce and Industry, said investors could be assured of peace and order with Mr. Duterte as president. “The mayor has focused his energ[ies] on peace and order. And he promised to continue this focus on a nationwide scale as businesses usually look for a peaceful environment when they scout for an area to invest,” he said. For his part, Davao City Investment and Promotion Center officer-in-charge Ivan C. Cortez said Mr. Duterte’s eight-point economic agenda will empower the poor. “If you summarize the eight-point agenda, it aims to lessen the gap between the poor and the rich,” Mr. Cortez said. Former MBC chair Joji Ilagan Bian said Mr. Duterte needs to embrace the gains of the current administration, further develop these, as well as create his own landmark agenda.

“TRANSFER CERTIFICATE OF TITLE NO. 137-2014002968 (Registered in the name of Danilo C. Trugillo married to Lilibeth A. Trugillo)

Prospective buyers/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. Cagayan de Oro City, April 25, 2016. FOR THE EX-OFFICIO PROVINCIAL SHERIFF:

(Sgd.) REYNALDO L. SALCEDA Sheriff IV

BWM: May 6, 13 & 20, 2016

farms as well as the irrigation infrastructure and support services. In an earlier report, Duterte included in his eight-point economic agenda addressing the bottlenecks in the land administration and management system by improving coordination among various agencies – Land Registration Authority, Department of Environment and Natural Resources, National Commission on Indigenous Peoples, and Department of Agrarian R e for m – i n te r ms of processing land titles. “Mindanao has a future. Through my observation, you have all kinds of resources you need to develop,” Tahir said, referring to the island’s rich agricultural produce such as pineapple and banana. On Mindanao peace, Tahir lauded Duterte’s willingness to put an end to the decadeslong conflict in the island. “There is willingness to seek long-lasting peace. This

2014 ppi’S Best in ENVIRONMENTAL Reporting

is a good start. Stop drugs and criminality and release all the hostages without condition. Foreign investors will come,” he added. Tahir acknowledged that it would not be an overnight work to bring peace but he believed that the peace agenda of the Duterte administration will pave the way for a longlasting peace. “ To c h a n g e i s n o t overnight,” the Malaysian envoy said. Tahir noted that it took Malaysia 50 years before they peeled away from poverty yet they sometimes struggle to further improve as the “environment is changing and you have to adjust from time to time.” He cited that the Philippine economy has been growing at a steady rate but “problem on employment and income” remains. “When the best [economic] plan is already there, it should continue,” he said.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 43 Gingoog City NOTICE OF EXTRA-JUDICIAL SALE File No. 217-2016 Upon Extra-Judicial Petition for sale under Act 3135 as amended by Act 4118, filed by FIRST VALLEY BANK INC, represented by its Manager Gingoog City Address at Baroy, Lanao Del Norte and a Branch Office at Brgy. 22, Gingoog City against Felidelfa De Casa of Brgy. 26, Gingoog City, to satisfy the Mortgage indebtedness which as of April 28, 2016 have amounted to THREEE HUNDRED FIFTY THOUSAND NINE HUNDRED FIFTY SEVEN PESOS AND 28/100 ONLY (P 350,957.28) embracing the principal interest and other charges, excluding foreclosure expenses, attorney’s fees, 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 July 4, 2016 at 9:00 o’clock in the morning to 4:00 o’clock in the afternoon at the afternoon at Regional Trial Court, Branch 43, Hall of Justice, Dugenio St., Gingoog City, the following properties with all the improvements existing thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-14402 A PARCEL OF LAND (LOT 3-C, Psd-10-049571, Portion of Lot 3, Pcs-104308-001320, located at Poblacion, City of Gingoog, Island of Mindanao. Boundaries: SW., NW., NE.,

Along line 1-2-3 BY Lot 3-B Along line 3-4 by Lot 3-A; both of the subd, plan Psd-10-049571 along line 4-5 by Lot 4, Pcs-104308-001320 along line 5-6 by Lot 3-D

Beginning at a point marked “1” on the plan being S. 20 deg., 59’E., 2449.59 M. From B.L.L.M. 1, Gingoog Cadastre; 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, May 3, 2016. FOR THE EX-OFFICIO PROVINCIAL SHERIFF BY: (Sgd.) FLORA C. PEREZ Sheriff IV RTC-Branch 43 Gingoog City BWM: May 6, 13 & 20, 2016

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Soft and Chewy Chocolate Chip Cookies Recipe

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oday, I’m sharing with you all my favorite Chocolate Chip Cookies recipe that I always bake for my family. I love it because it’s so soft and chewy (just don’t overbake it). I’ve been making these cookies ever since I was in college, if I remember it right. Looking back, I once taught some kids how to cook and

bake just at home. It was one summer that I was inspired to do something fun. This was one of the recipes I shared with them and I remember one of my students kept on telling me every time I see her how much she loves this recipe and bakes them for her family all the time. Always makes me happy whenever she tells me that. I love cookies because I usually have them for breakfast, merienda or before sleeping because I usually get hungry. It has oatmeal in it so I love it. This recipe is special to me… I hope you will love it too and send me your feedbacks after you tried baking them! Enjoy!

Ingredients 3/4 cup Baker’s Best Margarine 1 cup brown sugar 1/2 cup white sugar 1 large egg 1/4 cup water 1 tsp. vanilla 3 cups instant oatmeal (uncooked) 1 cup flour 1 tsp. salt 1/2 tsp. baking soda Hershey’s Semi-Sweet Chocolate Chips Directions - Pre-heat oven at 350F. - Sift flour, salt and baking soda. Set aside. - Using a mixer, cream margarine, brown sugar and white sugar. - Beat in egg, water and vanilla until creamy. - Add sifted flour, salt and baking soda. - Add oatmeal. - Add semi-sweet chocolate chips. Use 1 bag. - Bake at 350F for 11-12 minutes. Do not overbake if you prefer soft and chewy cookies.

Having fun baking in my kitchen with my son, Dominic.