BusinessWeek Mindanao (May 22, 2017)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 153

Market Indicators As of 5:00 pm May 19, 2017 (friday)

FOREX

PHISIX

US$1 = P49.90

7,767.62

X

7.2 cents

9.93 points

X

Briefly Rice-duck farming OZAMIZ City -- “It is an odd thing, the first time we did it,” declared Almer Galabin, a farmer-leader and chairman of the Mamanga Daku ARC Cooperative that piloted riceduck farming at Mamanga Daku Agrarian Reform Community (ARC). This organic rice farming technology has grown increasing curiosity among farmers in the community. The idea of riceduck farming came when Mamanga Daku ARC was covered by Agrarian Reform Community Connectivity Economic Support Services (ARCCESS) of the Department of Agrarian Reform (DAR). Under the program, Xavier Science Foundation, a service provider and consultant hired for Agricultural Extension Services linked Mamanga Daku ARC to the Philippine Agrarian Reform Foundation for National Development (PARFUND), who introduced the riceduck ideas and extended training programs for the technology. The technology will help farmers minimized the use of expensive and hazardous chemicals.

P1.4-B housing project DAVAO City – President Rodrigo Duterte and his daughter, Davao City Mayor Sara Duterte-Carpio, led Friday’s groundbreaking of the P1.4 billion “Biyaya ng Pagbabago” housing project in Los Amigos, Tugbok district here, which will benefit over 900 less fortunate Davaoenos. The project includes 21 buildings with 840 units and 68 social lots. This will be funded out of the PHP1 billion contribution of San Miguel Foundation (SMB) and the National Housing Authority (NHA), which allocated P24 million for the project. The land is owned by the city government of Davao. In his speech, President Duterte urged the beneficiaries not to sell their units.

YOUR Mindanao-wide BUSINESS paper

RELIABLE

www.businessweekmindanao.com

IN-DEPTH

P15.00

Monday | May 22, 2017

Anti-Distracted Driving Act

New driving law up for strict implementation By GERRY LEE GORIT, Reporter

T

HE Land Transportation Franchising and Regulatory Board-10 (LTFRB-10) on Thursday said it will assist the Land Transportation Office (LTO) in the implementation of RA 10913 or the Anti-Distracted Driving Act which took effect Thursday last week.

COURTING DANGER. A mother carries her baby while on board a motorcycle on the national highway in Bansalan, Davao del Sur on Monday. The new law, known as Anti-Distracted Driving Act, has barred motorists from carrying kids, a violation punishable by severe penalties. mindanews photo

DAR chief to join GRP-NDF talks on socioeconomic reforms

The law prohibits motorists from using communication devices and other electronic entertainment and computing gadgets while vehicles are in motion or temporarily stopped on a traffic light or an intersection. LTFRB-10 regional director Aminoden Guro said the enforcement of the new law does not only fall to the government agencies such as LTO and LTFRB but even to ordinary citizens as well. What concerned persons should do if they see any violators is to report them to authorities and, if possible, take photos of the drivers who are either texting or calling on their cellphone. Violations also include motorists who are playing games or watching movies while driving or using their devices for other purposes. Exempted are drivers who are using Bluetooth or ordinary headset in making driving/PAGE 15

By ANTONIO L. COLINA IV, MindaNews

TAGUM City – Agrarian Reform Ssecretary Rafael Mariano will participate in the fifth round of peace talks between the government (GRP) and National Democratic Front (NDF) on May 26 to June 2, 2017 in

Noorwijk aan Zee, The Netherlands. The fifth round of talks will tackle, among others, agrarian reform and rural development provisions of the Comprehensive Agreement on Social talks/PAGE 15

Creditors of closed bank in Iligan given until July 3 to file claims ALL creditors of the closed Rural Bank of Iligan City, Inc. have until July 3, 2017 to file their claims against the assets of the closed bank either personally or by mail. Creditors refer to any individual

or entity with a valid claim against the assets of the closed Rural Bank of Iligan City and include depositors whose deposits exceed the maximum deposit insurance coverage (MDIC) claims/PAGE 15

INSTALLED AT LAST. Farmers of Madaum Agrarian Reform Beneficiaries Inc. gather after they were installed at the plantation in Madaum, Tagum City managed by Lapanday Foods Corporation on Thursday, 18 May 2017. mindanews photo by manman dejeto

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776

2

Economy

NEDA-10: Cag. de Oro is fourth metropolitan center by 2025 B

By JASPER MARIE OBLINA-RUCAT, Contributor

Y 2025, Metro C a g ay a n d e O ro (CDO) will become the 4th metropolitan center based on its projected population growth and functional role as a major gateway and transshipment hub in Northern Mindanao says National Economic Development Au t h o r i t y ( N E DA ) - 1 0 Regional Director Leon Dacanay Jr. during the ASEAN mu lti-s e c tor a l forum here last week. “ This came from the Philippine Development Plan of 2017-2022 where

it said Cagayan de Oro to remain a key educational center in Northern M i n d a n a o ,” D a c a n a y explained. Further, based on the National Spatial Strategy proposed network of settlements, Metro Cagayan de Oro is identified as one of the four Metropolitan centers in the countr y, along with Metro Manila, Metro Cebu, and Metro Davao to serve as centers of commercial, financial and administrative activities and as primary international gateways.

He explained that these centers have available highlevel services in education, health, public transport, among others. Meanwhile, the highly urbanized city of Iligan is identified as one of the sub-regional centers in the country. In his dis c ussion of AmBisyon Natin 2040, he said that by 2040 Filipinos vision for themselves is to enjoy a stable and comfortable lifestyle, secure in the knowledge that they have enough for their daily needs and unexpected expenses, that they can plan and prepare for their own and their children’s

future; where family lives together in a place of their own, and have the freedom to go where they desire, protected and enabled by a clean, efficient, and fair government. Meanwhile, the vision for t he countr y is t hat by 2040, the Philippines s h a l l b e a pro s p e rou s , predominantly middle-class society where no one is poor. Our peoples will enjoy long and healthy lives, are smart and innovative, and will live in a high-trust society. The vision was a result of 42 Focused Group Discussions (FGDs) with fourth/PAGE 15

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

monday|may 22, 2017

ARMM to bring anti-terrorism summit at municipal level M A R AW I C it y - - T he Autonomous Region in Muslim Mindanao (ARMM) is eyeing to conduct summit against terrorism and illegal drugs in the region’s 116 municipalities and two cities to prevent and combat the rising threat of terrorism as well as to strengthen the role of the LGUs in promoting peace and security. The summit would synchronize measures on how to restrain criminality, terrorism and illegal drugs, which affect the peace and order situation in the region, said ARMM Interior and Local Government Secretary Noor Hafizullah ‘Kirby’ Abdullah. He said LGUs must be at the forefront of this battle and must have a major role in combating terrorism. “The summit will help

confront terrorism and extremism at the municipal level,” Sec. Abdullah further said. The decision to bring down the issue at LGU level came after the Dawla Islamiya, which has pledged allegiance to the Islamic State, issued a statement threatening the ulamas who attended a threeday summit against terrorism in Cotabato City last weekend. “To those who have Ulama relatives, warn your parents, brothers, and children not to attend the said summit because if something happens to them along the way or in the end, don’t tell us you were not warned,” the Dawla Islamiya statement said. The three-day ‘Ulama Summit Against Terrorism’ is an initial step of the ARMM summit/PAGE 15

University training cites critical role of effective legislation in development

RPN Radyo Ronda Stations Nationwide

CNN Philippines Stations Nationwide CNN Philippines TV-9 Manila CNN Philippines TV-12 Baguio CNN Philippines TV-12 Dagupan CNN Philippines TV-26 Tarlac CNN Philippines TV-10 Iriga CNN Philippines TV-4 Iloilo

CNN Philippines TV-8 Bacolod CNN Philippines TV-9 Cebu CNN Philippines TV-5 Cag. de Oro CNN Philippines TV-5 Zamboanga CNN Philippines TV-7 GenSan CNN Philippines TV-9 Davao

DZBS 1368 Baguio DZRL 639 Batac DZTG 621 Tuguegarao DZKI 1332 Iriga DYKW 936 Binalbagan DYKB 1404 Bacolod DYKC 675 Cebu DXKO 1368 Cagayan de Oro DXKS 1080 Surigao DXKD 1053 Dipolog DXKP 1377 Pagadian DXXX 1008 Zamboanga DXKT 1071 Davao DXDX 693 General Santos

IN her welcome remarks at the 3rd Local Legislative Enhancement Course conducted by the Governance and Leadership Institute (GLI) of Xavier University - Ateneo de Cagayan, Engr. Gail dela Rita, assistant to XU’s vice-president for social development, emphasized to the participants that “local government is the key to development.” Dela Rita shared that in the past 80 years of helping p o or and marginalized communities, Xavier Ateneo has realized that an educational institution should also engage with local governments and its officials through capacity-

building interventions. Vice-mayors Atty. Benjie Baguio from Kapatagan, Lanao del Norte; Matildo B. Jubas Jr from Kauswagan, Lanao del Norte; and Almario S. Guzman from Lala, Lanao del Norte joined the two-day training together with their respective council members. Provincial board members Hazel del Rosario and Susan Gerona of Agusan del Sur also attended the training. One of the activities that struck the local legislators the most was the workshop on Local Legislative Performance Scorecard, where they had to rate their performance as a team. Most of the local legislators got

poor marks on their three functions: (1) representation, (2) law-making, and (3) oversight. As Vice-mayor Benje Baguio later shared, the result of the workshop serves as a challenge to him and the council of Kaptagan to do better for their constituents. The training ran from April 6 to 7 at XU-AVR1. Participants learned about t he f u nd ame nt a l v a lu e of legislation with GLI director Dr. Dixon Yasay; ordinance-making with Cagayan de Oro City 2nd District Councilor Ian Mark Na c ay a ; p ar l i am e nt ar y procedure with Iligan City training/PAGE 15

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

BusinessWeek MINDANAO CREDIBLE

Editor: GILBERT Y. CHAO

BYD tops global electric vehicle sales charts for two consecutive years THE Shenzhen-based new energy technology company BYD has become the highest selling manufacturer of new energy vehicles in 2016 for two consecutive years. According to figures compiled by EV Sales, a website that tracks the global market for new energy vehicles, BYD’s global sales of 100,183 units represented a 70 percent increase from the previous year. BYD Tang a powerful hybrid electric SUV first unveiled at the Beijing Motor Show in 2014 was the third best -selling model around the world, followed by the BYD Qin and BYD e6 which clinched the ninth and 10th place, respectively. “These results are very encouraging for us as we have invested heavily in researching and developing new energy technology for cars, buses and monorails

among others,” said BYD’s Li Yunfei, deputy general manager of Branding and PR Division. “We believe new energy is one way we can deal with climate change and that is why we want to use our ‘Cool the Earth by 1 Degree’ campaign to increase public awareness of climate change and the many ways renewable energy can be generated, stored and used.” Data tallied by EV Sales shows Chinese manufacturers of new energy vehicles are making advancements overseas. BYD was also ranked by China’s Highway and Transportation Society as last year’s top provider of electric buses that are longer than 10 meters. The global market for electric cars and plug-in hybrids grew by 37 percent in 2016 according to the study, w hich is le d by byd/PAGE 15

RELIABLE

mOTORING IN-DEPTH

Monday | May 22, 2017

3

Ford Philippines Appoints Rodel Gallega as VP for Marketing and Sales

F

ord Philippines has appointed Rodel Gallega as vice president, Marketing and Sales, effective May 1. Gallega, who was vice president, Finance, for the previous five years, will continue to report to Lance Mosley, managing director, Ford Philippines. Gallega began his career with Ford in 1998, and has served in a variety of roles with increasing responsibility since joining the company. These include positions in both local Philippine operations, as well as overseas postings in Ford’s regional offices in Thailand (ASEAN headquarters), Indonesia and Ford’s Asia Pacific headquarters based in Shanghai, China. Gallega is a Certified Public Accountant (CPA) and a member of the Financial Executives of the Philippines (FINEX), a local organization of finance professionals and practitioners. He earned a master’s degree in Business Administration from the Ateneo de Manila University and bachelor’s degree in Business Administration from the Philippine School of Business Administration.

4

Opinion

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

monday|may 22, 2017

Undue care and anxiety

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for Corporate Affairs

Joe felicilda

Vice President for Administration

joe palabao

Vice President for Marketing

NELSON CONSTANTINO Editor-in-Chief

gilbert y. chao

Motoring Editor JOEL ESCOL

BONG FABE

Feature Editor

Associate Editor

CLIFFORD SANTILLAN Layout Artist

JUN AYENSA

shyne campaner

Regional Editor Caraga

Advertising

ATTY. MARIO T. JUNI

Cris diaz mike baños Uriel quilinguing Contributing Editors

Cell No: 09352379999

Juni Law Office Cruz Taal St., CDO Legal Counsel

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 Shiena Shyne Campaner & Wemalyn Garcia Marketing Staff - CDO

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2017-02942. Tel. Nos.: (088)856-3344, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

Member: Philippine Press Institute Oro Chamber

Stick Out Your Tongue Think a minute…Have you noticed that one of the first things a doctor does when he examines you is ask you to stick out your tongue. It’s sometimes possible to know what’s wrong inside a person’s body just by looking inside a person’s mouth. Some diseases and sicknesses can actually be seen on a person’s tongue. In fact, our tongue gives away many other things about us. Our accent and way we talk shows where we’re from. Our tongue also reveals what’s inside our heart and mind. We usually talk about the things we really care about, such as money, status, food, gossip about others, or sports. But even more than our words and actions, it’s our reactions that show what kind of person we really are inside. Most of the time we can be good actors and control our tongue, especially when we want to impress and look good in front of others. So we carefully choose our words before we say them. But then if somebody suddenly wrongs and hurts us, we may react quickly out of anger and try to hurt them back with unkind words. It’s in those unexpected pressure times that you and I show what is

THINK

A Minute

Jhan Tiafau Hurst really in our heart by what comes out in the words on our tongue. We show our true feelings of anger, pride, prejudice, or unforgiveness, which we usually hide under the nice mask or act we put on in front of others. But Jesus Christ loves us and knows we cannot clean and change our talking until we’ve first cleaned and changed our heart inside. Just like clean water cannot come out of a water tank that’s dirty inside, Jesus already sees what we are inside our heart and mind. He also knows that we are not able to change our heart by ourselves. So why not ask Him to take control of your life, so He can start cleaning and changing your heart today and for the rest of your life? Just Think a Minute...

Life is better than ever, so, why so many people seem to be unhappy? Whenever I hear people saying that everything is bad, I thik of my late grandmother, born in 1899 (!) into a really awful world in Germany and its surroundings. The so-called “Golden Twenties” between the two World Wars have been everything but golden for her, my relatives and millions of people. “Lola” never complained, even during the sorrowful time in the former East Germany, the “German Democratic Republic”. Lola reached the ripe old age of almost 86. We hardly count our blessings. We enjoy counting our crosses. Instead of gains, we count our losses. We don’t have to do all that

counting - computers do it for us. Information is easily had. Just re me mb e r t his: O p p o r t u n i t y d o e s n’ t just knock - it jiglles the doorknob, and “your friend” - the worrier, is with you day and night, at every corner, following your every step. Complaining and grumbling are good excuses, aren’t they? We have time and opportuntities to do almost anything. So why haven’t we done it? We have the freedom of bondage or restraint, every one of us in his or her very special way - but, we’re still our old inferior selves. The job is boring! I don’t find a good job! The house is an unpleasing mixture of tidy and dirty things. It’s a

mess! I am not in the mood to arrange my garden. I can’t afford a gardener. That’s life. How sad! No, it’s not MY fault. Of course not! The whole world is an awf ul place f illed with dreadful and horrible n e g at i v i s m . E s p e c i a l l y nowadays Yes, I confess, I am also surrounded by many worriers who put their fears into me! Politicians, i.e., many times love to search for some grave alarm that will cause individuals to abandon their separate concerns and act in concert, so that politicians can wield the baton. Calls to fatal struggles and fights are forever being surrounded. The over-bearing person, who tyrannizes the weak, the person, who wants to

H ave M y Say

Klaus Doring

domineer and to bluster, is simply nothing else than a worrier, who might claim to be a friend. But he isn’t! Really not! The bullying of fellow citizens by means of dread and fright has been going on since Paleolithic times. The night wolf is eating the moon. Give me silver, and I’ll make him doring/PAGE 15

Don’t ever threaten President Rody The President’s unorthodox diplomatic moves has once again drawn mixed reactions. Veterans at the DFA are once more scratching their heads at the President’s “undiplomatic” pronouncements. Detractors’ descriptions of presidential policy range from “rash”, “short-sighted”, “whimsical”, “contradictory”. “knee-jerk” to “confusing”. His defenders, on the other hand, are quick to rally around the President, calling his action “bold”, “fiercely independent” , “determined” and “a significant shift in the Philippines’ foreign policy direction”. One thing is certain though. President Rody has caught ever ybody’s attention, especially world leaders. And that makes him one of the most recognizable world leaders of influence today. Certainly a huge leap from the “probinsiyano mayor”. At the center of last week’s discussions was the decision last Wednesday to inform the EU delegation in Manila that

the Philippine government will no longer accept new grants from the European Union. But t his shou ld not have come as a surprise at all. Malacanan merely formalized what President Rody had been saying all along. When the EU and the US, both huge ODA donors, as much as hinted (read as:“threatened’) that ODA assistance would be cut, Duterte fired back: “Go ahead. We will not beg for it.” Both donors had called Duterte to account for unexplained killings arising from Duterte’s war on drugs. The EU, in addition, took Duterte to task for the plan to reimpose the death penalty. Duterte considered such actions as undue interference in the affairs of a sovereign state. Whe n a U S s e nator threatened to block the sale of armalites for the use of the Philippine national police, Duterte countered that the Philippines can always buy

arms substitutes from China and Russia. One diplomatic lesson learned: Don’t threaten Duterte. He just might call your bluff. But are the EU and the US bluffing? Who has more to lose? In the case of the EU aid, the numbers (over several years) are staggering: P13.9 Trillion. At a time when the Philippines is trying to raise trillions of pesos to fund its planned massive infrastructure program, Duterte’s decision may not make economic sense. Palace spokesperson Ernesto Abella assured, however, that Duterte’s decision to reject the EU assistance was approved upon the recommendation of the Department of Finance. O, come on. I am speechless. Abella also talked about substitute funding from China. The full effect of the withdrawal/rejection (depends of your point o f v i e w ) , m ay n o t b e immediately felt. But it

SPEAKING

O ut

Ignacio Bunye will definitely impact, among many others, several EUfunded peace initiatives with Muslim rebels. Echoing listener reactions in his popular radio program, DZBB’s Mike Enriquez asked President Rody to set aside amor propio. He reminded the President that no man is an island. No country is an island. As to whether Duterte’s move is the right one, only time will tell. Note: You may email us at totingbunye2000@gmail. com. You may also “like” us on Facebook at “Speaking Out.”

Concept of My Sculpture As a s c u lptor, I pre fe r using nails to form my art. My oeuvre, “Build the Filipino Dream”, is inspired by what should motivate every Filipino to set aside ideological, political or ethnic differences in order to pursue a common vision. And that should be a society where justice and social equity balances with the economic boom. T he c ou nt r y f a c e s a unique challenge which makes our common goals seemingly elusive albeit we underwent the master plans of various administrations utilizing the best minds. It is truly hard to unite our p e ople w ho come f rom various ethnicities, whose concept of “kasimanwa” (town mate or neighbor) do es not yet t rans cend t o a c om m on n at i on a l

identity—the reason many, generally, do not mind the welfare of Visayans if they are f rom Luzon, or the welfare of Mindanaonons if they are Visayans. This is exacerbated with alienation arising from dissenting opinions f rom fac t ions such as the yellows and the Dutertistas, Muslims and Christians, to name a few. Unless Filipinos from heterogenous upbringings realize that they must be like nails building their dreams together, they will continue to exist as factions or i nd iv i du a ls w it h no real beauty or something l au d a b l e t o r e m e m b e r fondly except their lowly splintered existence and a cont inua l st r ug g le to ove rc om e t h e k n ot s of a struggling economy. I

use nails in this sculpture because they are metonymy of what they can build or establish—this time their collective dreams. If Filipinos unite for social equity and justice, and prosperity, their grace s h i n e s m o s t , e m e rg i ng from the insignificance of individuals building their personal goals— albeit conflicting-into the prodigious m a s t e r pi e c e t h e y w ant society to achieve. I use two biomorphic forms in this artwork to symbolize our collective dreams because, like our dreams, life forms r e p r e s e nt h o w s o c i e t y is mor phing: not quite predictable, but sustained by each person’s life and b ecoming a memorable emblem of the collective whole.

lucell larawan Should we allow this morphing to accelerate? I use luminous orange color of the artwork to suggest a burning passion rendered with a contemporary touch. The s culpture draws energ y from the current major influences from Brancusi to Henry Moore, although I speak with my own voice.

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

monday|may 22, 2017

5

6

CorporateWorld Cebu Landmasters Pilipinas Shell gets OK posts strong Q1 sales to sell excess power

P

ILIPINAS SHELL Pe t r o l e u m C o r p. has gained its stock holders’ approval to expand its business to include the sale of excess electricity through the wholesale electricity spot market (WESM), it told the stock exchange on Thursday. “ We w i l l d o s o m e operational adjustments, and just by making these operational adjustments it

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

monday|may 22, 2017

will allow us to sell some excess power to the grid if need be,” Cesar G. Romero, Pilipinas Shell president and chief executive officer, told reporters. The expansion of the company’s business purpose was approved by its board on April 20, and the amendment to its articles of incorporation was approved by stockholders during the company’s annual meeting on May 16.

“Just to clarif y, that selling of excess power is not the main driver of our business. We see that there is an opportunity because of the equipment we have, but our core business continues to be our highly profitable marketing businesses,” Mr. Romero said. Stockholders representing 88.71%, or more than twothirds, of the total issued and outstanding capital stock of

Pilipinas Shell voted in favor of the ratification of the board decision. “As any astute business operation, if there’s an opportunity to make extra margin on our refinery, then we will continue to do so,” Mr. Romero said. OPEN TO PARTNERSHIPS Separately, Mr. Romero said the company is shell/PAGE 13

Vista Land earnings jump 11% as leasing revenues surge in Q1 VISTA LAND & Lifescapes, Inc. registered a doubledigit growth in earnings and revenues in the first three months of 2017, driven by the stronger contribution of its leasing business. In a st ate me nt , t he integrated property company of the Villar family chalked up an 11% uptick in net income to P2.3 billion in the first quarter of 2017 from P2.1 billion in the same quarter last year. Consolidated revenues stood at P9 billion in the three-month period, 14% higher than the P7.9 billion

in the comparable period a year ago. Leasing revenue climbed by half to P1.44 billion from P961 million in the prior year period, buoyed by the expansion of existing malls that added about 70,000 square meters (sq.m.) of gross floor area (GFA). Vista Land Chairman Manuel B. Villar, Jr. said this year could be another banner year for Vista Land supported by the continued expansion of its commercial assets and core housing business on the back of sound domestic macroeconomic

fundamentals. “We have seen a continued significant growth in our leasing business as we continue to roll out our expansion programs to achieve our stated target of 1.3 million sq.m. in GFA by the end of 2018,” Vista Land President Manuel Paolo A. Villar was quoted in the statement as saying. The leasing business now accounts for 28% of earnings before interest, t a x , d e p r e c i at i o n a n d amortization (EBITDA) and 22% of net income and this could improve further

towards the end of the year, the Vista Land CEO said. Res er vation s ales -considered a barometer of future revenue growth from residential projects -increased 12% year on year, as Vista Land launched new projects amounting to about P12 billion in the threemonth period. “In a d d it i on to t he expansion of our rental spaces, which provides stability to our existing core and stable end-user housing business, we will continue to open in new areas across the earnings/PAGE 15

Solo parents GA To orient and educate solo parents on their basic rights, privileges and benefits under Republic Act 8972, the City Social Welfare and Development Office (CSWDO) holds the Solo Parents General Assembly on May 16 at Barangay Bulua covered court. The event also serves as an avenue where the participants could interact with their fellow solo parents, organize themselves into a productive group, and elect their own set of officers.(CIO/PIA10)

CEBU Landmasters, Inc., a residential developer focused on Visayas and Mindanao, registered P2.2 billion in reser vation sales in the first quarter of the year, 76 percent of reservation sales amounting to P2.9 billion for the entire 2016. In an inter view, CLI President Jose Soberano III said the figure is net of sales of its joint venture developments. Including these, he said reservation sales in the first quarter should amount to P3.6 billion. Soberano said the bulk of these sales, about 70 percent, are accounted for by the firm’s high-rise projects. “This is a good indication of how we will perform later since these sales will be recognized in

2018 to 2019,” he said. For this year, Soberano said they expect to book higher revenues from sales in the previous years. “These are assured and the I’m telling you, at this stage, we’re either on track or we are advanced in terms of development,” he added. In 2016, CLI recognized sales of P2.18 billion and a net income of P702 million. It has registered a compounded annual net income growth rate of 150 percent from 2012 to 2016 and a compounded annual growth rate of 61.5 percent for sales. Cebu Landmasters is currently selling 505 million primar y and secondar y shares through its initial sales/PAGE 13

AIE inaugurates new campus to be used for incoming school year By MARK FRANCISCO

WHEN re-enrolled and new students of the Academy for International Education (AIE) start flocking back to their classes next month, they will find themselves in a better, more enhanced and fresh campus. The new campus of AIE has finally been inaugurated last May 18 in Paseo del Rio complex in barangay Nazareth, Cagayan de Oro City. With the new campus, students will experience the same atmosphere they have enjoyed through the years since 2009 – smaller classes at an average of ten to 15 each plus an enhanced curriculum beyond DepEd standards. The three-storey building at Pueblo de Oro houses the airconditioned classrooms as well as the school’s library, laboratories for Biology, Chemistry, Physics and Home Economics classes and a dance studio. What’s new will be the construction of an indoor driving range and covered

courts for badminton and table tennis trainings. AIE president Alain Golez said these sports facilities are e x p e c te d to f i n ish construction and be used within the school year. This is in line with AIE’s thrust for commitment to students beyond academic excellence. Students as young as k i nd e rg ar te n are encouraged to take up specialized classes in piano, voice, violin, golf, badminton and table tennis. For teaching in AIE is student-centered and focused on the development of multiple intelligences and character of the young learner. AIE believes that the key to learning achievement is the amount of personalized attention a student gets from his/her teacher. When classes are smaller, students are of closer interaction with teachers and peers. AIE accepts scholarships for v a l e d i c tor i ans and s a lut at or i a n s of o t h e r campus/PAGE 13

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

monday|may 22, 2017

Banking&Finance

PH posts $917-M BOP surplus in April ‘17

T

HE Philippine balance of payment (BOP) rebounded to a surplus amounting to $917 million in April this year, resulting in a drop in BOP deficit in the first four months of the year. Data released by the Bangko Sentral ng Pilipinas (BSP) Friday showed that the surplus in the fourth month this year was way better than the $550 million deficit in the previous month and higher than the $184 million

surplus in April 2016. The USD78 million deficit as of end-April was higher than the $25 million deficit during the same period last year while the central bank’s full-year target was a surplus of $1 billion. BSP Deputy Governor Diwa Guinigundo dubbed a s “ve r y e n c ou r a g i ng” the developments in the country’s BOP, which is the sum of a country’s total transactions with the rest of the world.

He s aid t he sur plus “mitigated the cumulative BOP shortfall for the first four months of 2017.” “While the data on the actual and specific BOP components have yet to be released, we expect the support to be coming from the recovery in merchandise exports, sustained OFW (Overseas Filipino Workers) remittances and BPO (business pro cess out s ou rc i n g ) re v e nu e s and additional inf lows

from tourism and foreign investments,” he said. Guinigundo said positive output from these factors enabled the central bank to register large foreign exchange inflows, including investment income, he said. He added that deposits by the national government (NG) of its foreign exchange borrowings “also contributed to the favorable outturn even as NG debt servicing moderated the inf lows. (Joann Santiago/PNA)

DBP’s profit up 30.4% to P1.29 B in quarter STATE-run Development Bank of the Philippines (DBP) reported that its net income rose by nearly a third in the first-quarter of the year on strong loan portfolio. In a statement, DBP said that the lender posted a 30.4 percent growth in profit from January to March this year to P1.29-billion from P989 million in the same period last year. D B P at t r i b ut e d t h e increase on sustained growth of its loan portfolio. At end-March, the bank’s gross loan portfolio grew

by 30.6 percent to P232.1billion from only P177.7 billion in the same period a year ago. Total assets reached P512.9-billion, representing a 6.2 percent increase from P483.2-billion registered in the same period last year. Deposits, meanwhile, grew by two percent from P317-billion in the first quarter last year to P323.3billion as of the end of March this year. DBP president and chief executive officer Cecilia C. Borromeo said the improved financial performance

should give the bank more financial muscle to support the strategic development thrusts of the government, particularly in building the country’s infrastructure. “A s a d e v e l o p m e n t financial institution, DBP will continuously strive to surpass the performance yardsticks by which the market measures financial institutions,” Borromeo said. “At t h e s a m e t i m e , it shall continue implementing programs t hat promote inclusive growth particularly in the areas of social services and

community development, SME promotion, and environmental responsibility,” she added. D B P ’s t o t a l c ap i t a l a d e qu a c y r at i o ( C A R ) improved to 15.8 percent in the first quarter of 2017, from 15.7 percent during the same period last year. Borromeo said, “We will continue to intensify DBP’s efforts towards increasing access to a wide range of f inancial pro ducts and services. This is in support of the National Government’s strategy towards a more inclusive financial system.”

Seven-day term deposits attract demand M A R K E T P L AY E R S continued to crowd the week-long term deposits during yesterday’s auction, driving yields lower as more banks and trust firms largely preferred the shorter tenor. Term deposits offered by the Bangko Sentral ng Pilipinas (BSP) on Wednesday received P182.334 billion in total demand, although some bids had to be rejected under the seven-day tenor as these went beyond the amount being auctioned. The week-long instruments saw total tenders

hit P55.302 billion, lower than the P70.809-billion demand seen the previous week but still well above the central bank’s P40-billion offer. Banks and trust firms also asked for lower rates ranging from 2.6-3.275%, which resulted in a lower average yield at 3.2468%, below the 3.2756% rate fetched during the May 10 auction. On t he ot her hand, demand for the 28-day term deposits remained low, with P127.032 billion worth of bids barely filling the P140-billion

auction size, although still a recovery from the past week’s P74.409 billion. As a result, the average yield inched up to 3.4764% from 3.461%. The term deposit facility (TDF) is currently the central bank’s main tool to capture excess money supply in the financial system by allowing financial firms to place their idle funds with the BSP -- or those which are not handed out as loans or classified as reserves -- in exchange for a small margin. Central bank officials have repeatedly said that

market players are largely biased towards the shorter tenor at a time of heightened uncertainty across financial markets. BSP Deputy Governor Diwa C. Guinigundo earlier pointed out that the markets wanted to have more “flexibility” in handling their excess funds, thus the stronger preference for a shorter lock-in period under the seven-day term. “There’s still a lot of uncertainty in the market -- uncertainty in the sense demand/PAGE 13

7 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

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

METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057

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

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

BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075

METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721

BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637

METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924

BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796

METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731

BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405

METRO BANK- GAISANO 8561720

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

PLANTERS DEVELOPMENT BANK

Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

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

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081

SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632

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

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

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

Rescue operations training. To extricate the victim/s in the earliest possible time without harm to the rescuer and enhance the knowledge on giving necessary life support techniques, the Bureau of Fire Protection (BFP)Camiguin conducts a 4-day Basic Orientation/Training for Rescue Operations on Fire Fighting to local government units (LGUs) and other stakeholders.(Camiguin MPS/PIA10)

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558

METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO

Capistrano Corner CruzTaal St. CDO 8524099/722695

UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242

8

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

monday|may 22, 2017

Job Order staff. The Provincial Office is located at the 2nd Floor of Pelaez Sports Center’s Left Wing which is situated at Don Apolinar Velez St. of the city of Cagayan de Oro.

Table 1: Distribution of Program Registration by Sector

II. TESD Policy Services PTESDC Composition

TECHNICAL EDUCATION AND SKILLS DEVELOPMENT AUTHORITY Provincial Office of Misamis Oriental 2016 HIGHLIGHTS OF ACCOMPLISHMENTS I. INTRODUCTION:

III. TESD Delivery Services

Misamis Oriental, is a coastal province dominated by two bays to the north; the Macajalar and the Gingoog. The central portion of the province features several rivers originating from the highlands of Bukidnon. Located in Northern Mindanao, the province borders Bukidnon to the south, Agusan del Norte to the east and Lanao del Norte to the west. On the north is the Bohol Sea with the island-province of Camiguin just off its northern coast. Misamis Oriental occupies a total land area of 3,131.52 square kilometres (1,209.09 sq mi). When the independent city of Cagayan de Oro is included for geographical purposes, the province’s land area is 3,544.32 square kilometres (1,368.47 sq mi). Misamis Oriental comprises 22 municipalities and 3 component cities, which are organized into two legislative districts and further subdivided into 424 barangays. The provincial capital, Cagayan de Oro, is a highly urbanized city that is administered independently from the province.

2016 Enrolment Performance Enrolment for 2016 recorded an accomplishment for TESDA Misamis Oriental of 110% over the target for the year. The total number of 47,917 persons enrolled in all modes of training delivery is 10% over the target 43,382. Table 2: Total Number of Persons Enrolled against Target

The City Technical Education and Skills Development Committee The local TESD Committees both in the City and Municipal level, continued to held meetings to respond to the impending needs of the sector. It was recalled that Executive Order No. 047-14 signed by Mayor OSCAR S. MORENO, an Order Creating the Cagayan de Oro City Technical Education and Skills Development and Employment Committee (CDOTESDEC), was created and chaired by Mr. Ariel Hernandez of Global Mindanaw. PROGRAM REGISTRATION AND ACCREDITATION • Program registration in UTPRAS is the mandatory registration of Technical Vocational Education and Training (TVET) programs with TESDA. It is the system that ensures compliance of Technical Vocational Institutions (TVIs) with the minimum requirements as prescribed under the promulgated training regulation to include among others curricular programs, faculty and staff qualifications, physical sites and facilities, tools, equipment, supplies and materials and similar requirements prior to the issuance of the government authority to offer or undertake technical vocational education programs. Findings • The province of Misamis Oriental were able to register a total of 112 new programs for 2016 under UTPRAS. Table 1 and Graph 1, shows that the Construction sector recorded the highest number of program registered with 33 qualifications representing 29.46% of the total number of programs registered. It is followed by the Tourism sector with 30 (26.79%). Other sectors recorded the following number of program registered and their percentages; Health, Social and Other Community Development Services 16 (14.29%), Electronics 8 (7.14%), Automotive & Land Transportation 7 (6.25%), Metals & Engineering 6 (5.36%), ICT 5 (4.46%), Garments 3 (2.68%), Agri- Fishery 2 (1.79%). Processed Food & Beverages 1 (.89%), TVET 1(.89%). • Table 2 shows that the following qualifications recorded the highest numbers of program registrations; Food and Beverage Services (11) Electrical Installation and Maintenance NC II (9), Housekeeping NC II (9), Massage Therapy NC II (5), Shielded Metal Arc Welding NC II (5), Computer System Servicing NC II (4), Cookery NC II (4), Domestic Work NC II(4), etc… • The average processing time is 49.36 days. It is within the 90 day maximum time frame as required in the procedures manual. Analysis • The highest number of program registrations is in the Construction and Tourism sectors. It could be attributed to the booming construction industries in the province and it is followed by the tourism sector due to migration from the old to the new TRs in majority of the qualifications in the tourism sector. This is in anticipation for the ASIAN Mutual Recognition Agreement (MRA). Considering that Agri-fishery is a priority sector, there is a need to intensify advocacy for registration of qualifications under this sector.

RTC-Tagoloan contributed 2% of the above enrollment performance with COBSAT and KNAS sharing 9% and 6% respectively. The remaining 83% was supplied by the Community-based trainings of the different LGUs and Agencies of Misamis Oriental together with the Private Technical Vocational Institutions of the Province. Institution based enrolment for 2016 totalled to 25,363 or 53% of the total enrolment and 22,502 or 47% came from the Community-based programs. Institution-Based Training Programs The Institution-based training programs with a total enrolment of 25,363 from the targeted 26,795 or an accomplishment of 95% came from the following:

Table 4: Distribution of Institution-Based Enrolment by Training Provider

A total of 25,363 out of 26,795 targeted with an accomplishment of 95% for 2016 were enrolled from the institution based programs. Also, 19,809 of the intended achievement of 24,116 trainees were graduated from the same program. Table 5: 2016 Institution-Based Target vs. Actual Output

TESDA Misamis Oriental supervises sixty four (64) TVET providers with the following distribution: TESDA Misamis Oriental Technical Education and Skills Development Authority (TESDA) Misamis Oriental cluster is composed of the TESDA Provincial Office (PO), Regional Training Center – Tagoloan (RTC-Tagoloan), Cagayan de Oro (Bugo) School of Arts and Trades (COBSAT), and the Kinoguitan National Agricultural School (KNAS). The TESDA PO-Misamis Oriental is headed by Provincial Director Leo V. Velez and has ten (10) regular and ten (10)

tesda/PAGE 9

9

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

monday|may 22, 2017 TESDA... from page 8

Community-based Training Programs The 47% of the enrolment in TVET for 2016 came from the community-based training programs facilitated by the Provincial Office and conducted by Local Government Units and Government Line Agencies reported through the Community Training and Employment Coordinator (CTEC). TESDA Training Institutions also contributed to the enrolment accomplishment of the province. TVET Graduates TESDA Misamis Oriental Cluster’s target for TVET graduates in 2016 was set at 39,044. It recorded a total of 42,478 or 109% of the 2016 target which was contributed by the following:

implemented the Competency Assessment and Certification for Workers (CACW) which was previously called the National TVET Competency Assessment and Certification (NATCAC) Program under the TWSP. Community Training and Employment Coordinators (CTECs) The Community Training and Employment Coordinators (CTECs) organized association named “Association of Community Training and Employment CoordinatorMisamis Oriental Chapter (ACTECMO) sustained its active participation in the delivery of TESD and met every 2nd week of every month at the TESDA-PO for 2016. The association which is composed of designated CTECs from the twenty four (24) Municipalities in Misamis Oriental from Lugait to Magsaysay is ably led by its President, Mr. Patricio P. Parami, Jr., from Lugait of this province. To improve the competencies of the CTECs a Capability Building Program was held on November 24 and 25 of 2016 at the RR Spring Resor t in Tubigon, Maramag, Bukidnon. Various topics of great importance related to their roles as community coordinators in their localities were discussed. Other Highlights of Accomplishments:

Table 6: Distribution of TVET Graduates by Operating Unit

Sharing the TVET graduates were 47% and 53% for Institution-based Training and Community-based Training Programs respectively.

MANANGGITI TRAINING PROGRAM CURRICULUM DEVELOPMENT

The Technology Transfer Mission Team headed by Gov. BAMBI B. EMANO (1st row 2nd from left) with the heads of NGAs in the province Dir. MA. ELIZA A. PABILLORE of DTI (1st row 3rd from left), Dir. JUNELYN LOUVENA B. RUIZ (1st row 1st from left) and Dir. LEO V. VELEZ of TESDA (3rd row 2nd from left) posed at the La Herminia Showroom & Weaving Center at L. Barrios St., Buswang Old Kalibo, Aklan. The Industries visited by the team were:

T he Pr ov inc ial O f f i c e l ead by PD Le o V. Ve l ez responded to the call of the Mananggiti in the province particularly in the city of Gingoog to structure their jobs performed in the gathering of coconut sap or tuba in the dialect. The activity was coordinated by Global Mindanao Polytechnic Technical Institute of Gingoog City thru its School Administrator Ariel Hernandez. A workshop was held with mananggiti participants from various barangays of Gigoog. Facilitated by Ms. Lourdez Z. Sinogaya of KNAS and Gerry Constantino C. Quiblat of the PO, the objective was to formulate a Competency Based Curriculum in oder to structure a training that would cater to the different would be sap gatherer in the city. Tuba, as it is locally called, is the main ingredient in the coconut sugar formulation. TECHNOLOGY TRANSFER MISSION TO KALIBO, AKLAN AND BAGO CITY, NEGROS OCCIDENTAL A Technology Transfer Mission to Kalibo, Aklan and Bago City, Negros Occidental were participated by PD Leo V. Velez and Gerry Constantino C. Quiblat on October 12 to 13, 2016. Headed by Gov. Bambi B. Emano of this province, the objectives of the mission were to:

TESD DELIVERY SERVICES THROUGH SCHOLARSHIP PROGRAMS

In 2016 various scholarship programs were implemented to provide skills and increase competencies of workers, and reach out to those without prior formal or vocational training. The scholarship programs equipped beneficiaries with the skills needed for them to be ec onomic ally productive through wage or self- employment and for possible entrepreneurial activities.

• observe the silk and weaving industry in Kalibo, Aklan and Bago City, Negros Occidental; • benchmark good practices of the silk weaving industry in Kalibo, Aklan and Bago City, Negros Occidental and apply the technology to the silk weaving industry in Misamis Oriental; • observe the sericulture production processes in the province of Negros Occidental. The trip was funded by the Department of Trade and Industry (DTI) Misamis Oriental which was participated by the following government representatives and officials:

CAC Moderation Workshop

Table below shows the performance in the implementation of Misamis Oriental scholarship program in 2016

A General Assembly and Moderation Course of Competency Assessors was conducted on November 14, 2015 at the Philtown Hotel, A. Velez-Makahambus Sts., Cagayan de Oro City. The Assessors correspondingly updated their profiles and applied for re-accreditation. Facilitated by CAC Focal Person, issues and concerns particularly accreditation/ re-accreditation and other related matters were deliberated and resolved.

SECRETARY GUILING MAMONDIONG VISIT TESDA’s Secretary Guiling Mamondiong visited the Sendong Survivor’s relocation site at the Calaanan, Iponan of this city on November 25, 2016. Accompanied by DDG Alvin Feliciano, he was able to talk and listen to the testimonies of the survivors and how they were able to overcome with the tragedy that struck the city in 2011. The Secretary in went back on December 3, 2016 and distributed ten (10) sewing machines to the survivors which he promised to deliver in his first visit.

Competency Assessment and Certification With the presence of public and private assessment centers, a total of 18,144 TVET graduates and industry workers were assessed in various qualifications. Of the number assessed, 16,572 were certified posting a 91.3% certification rate. Competency Assessment and Certification for Workers (CACW) Imp r ov ing t he sk ills c o mp etency an d inc rease d productivity of our workers, TESDA Misamis Oriental

Sec. GUILING MAMONDIONG (3rd from left) turned over ten sets of portable sewing machines to the women of sending survivors represented by Ruby Madriaga (1st from left). With the secretary are from left TESDA RD Edgar A. Sales, Kag. George Gokoing of SB-CDOC, TESDA DDG Alvin Feliciano and Gerry Constantino Quiblat of TESDA-Mis. Or. PO

10

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

monday|may 22, 2017

#XUSummaCumLaudeSeries: The priestly devotion of Emmanuel Sumayang A profile by Angelo Lorenzo

Emmanuel knows God is with him. Growing up as the youngest child in a family of seven, Emmanuel Sumayang has been exposed to religious activities when his family has continually served in the different ministries of their parish in Jasaan, Misamis Oriental. At an early age, his knowledge broadened by reading encyclopedias and newspapers. His mind may have started accumulating the discoveries of science and the chronicles of reality, but his family’s participation in their local church and his eventual desire to serve with them made his heart beat for God. Thus, he responded to His calling; and that’s how he knew He has been with him. Finding the lost sheep Becoming a diocesan priest in the San Jose de Mindanao Seminary is his way of responding to His call. He believes this devotion was greatly inspired by a believer’s responsibility to seek for the lost sheep that have gradually left the flock, and bring them back to the Shepherd, so wolves won’t hunt them down. His generation has revealed this statistic, and so he intends to keep his faith and inspire others to do the same. But to accomplish this role requires training. So, he moved from his home in Jasaan to the San Jose de Mindanao Seminary established on the hill of Barangay Camaman-an, Cagayan de Oro City. The seminary, built in 1954, was founded by the late Archbishop James TG Hayes SJ DD, and was the first college seminary in Mindanao. His training led him to begin his Spiritual Formation Year. It was at this time when his director only acknowledged

two marks – a perfect score or nothing. He managed, he learned, and he passed onwards to the next phase. A degree in Philosophy became his priority upon enrolling as an undergraduate at Xavier University - Ateneo de Cagayan. Even with his formation in the seminary, he made sure to follow the training instilled in him to focus on his academics. Two hours were only allotted for him to study every night, but he knew glorifying God and fulfilling his training should include balancing academic demands and seminary formation. Majoring in Philosophy had never been in his mind prior to his decision to devote the rest of his lifetime for God. But the rest of his four years in college under this program helped him to see in better sight with his faith the path to wisdom and the pursuit for it. Science may involve facts, but Philosophy seeks to understand life.

An award-in-itself He understands how much this calling means to him, so he pursued the academic track to the best of his abilities. He claimed that his training in his SFY influenced his recent achievement. He aimed for high scores, not because he wanted to become the top of his class, but because he was trained to persist and do his best, and to become impassioned with the requirements. His pursuit led him to march onstage, among three of Xavier Ateneo’s summa cum laude, during the university’s 78th Commencement Exercises. Although he considers the award as an achievement, he looks beyond the honor; because for him, to become a man for God is his greatest honor. But his pursuit goes on as he still has miles to take in his journey to priesthood. He plans to take the next phase by enrolling at Ateneo de Manila’s Loyola School of Theology where

Emmanuel Sumayang, AB Philosophy summa cum laude, class of 2017. Contributed photo.

he will be undergoing theological studies. Like a sheep in a flock, he belongs in the seminary where he submits to the formation for his priestly devotion. He is prepared for parochial and special ministry, and will go wherever the bishop sends him someday. Learning about the present hostilities of the world by constantly reading the news, he believes this generation needs God more than anything else. Therefore, he takes on the responsibility to magnify Him and His glory in a world befogged by suffering and pain. But he knows that whatever decision he takes for his devotion, wherever places he may go, or wherever the path of faith and service leads him, God will be with him. He has been with him since, and He will be with him then.

11

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

monday|may 22, 2017

2.2 MILLION CDRRMO BUILDING NOW RISE IN ELSALVADOR CITY Photo and Text By Ercel Maandig

A 2.2 Million worth of edifice was recently turned over to the Local Government Unit(LGU) of the city of El Salvador in the Province of Misamis Oriental lead by its City Mayor Edgar Lignes. The building

was erected at the heart of the city utilized as their new office of the City Disaster and Risk Reduction Management Office(CDRRMO),it was build by L and L Construction. Aside from its new building, there

are also some disaster and rescue equipment was being turned over such as Fire Truck,Ambulance,Pay Loader and Back Hoe. The CDRRMO Department was headed by Teddy Bombeo.

Congratulations to the City Government of El Salvador, Misamis Oriental on its turnover/inauguration of its new City Disaster Risk Reduction Management Office and equipments lead by Mayor Edgar Lignes and Vice Mayor Ed Ayunting and the whole city council!

Compliments From:

L and L Construction Cagayan de Oro City

represented by:

Engr. Jade G. Galua

BusinessWeek MINDANAO CREDIBLE

RELIABLE

www.businessweekmindanao.com

Feature

IN-DEPTH

12

Monday | May 22, 2017

Oro Press celebrate 35th Press Freedom Week By Mike Baños

T

he Fourth Estate in Cagayan de Oro will be celebrating the 35th anniversary of Press Freedom Week starting Monday, 22 May 2017. Originally established by then Cagayan de Oro City Mayor Aquilino Q. Pimentel, Jr. during the dark days of Martial Law in 1982, it is the first such celebration of Press Freedom worldwide. Traditionally led by the Cagayan de Oro Press Club, Inc. (COPC), the event also involves other notable media organizations in the city such as the Kapisanan ng mga Brodkaster sa Pilipinas-Cagayan de Oro & Misamis Oriental Chapter, PNP Press Corps, Regional Association of Government Communicators

(RAGCOM), Cagayan de Oro Energy Press Corps, Media Health Advocates of Region 10, National Union of Journalists in the Philippines-CDO Chapter, MOCAP, and others. According to COPC Dir. Philip Kenn Jaudian, over-all chair of 35th Press Freedom Week 2017, the week’s festivities kick off with the 6AM Holy Mass at the Press Freedom Park, Provincial Capitol Grounds on Monday, 22 May 2017. A motorcade around the city follows, with courtesy calls on key media partners in government and the private sector. Tuesday will be marked by a whole day media tour of industrial company partners by Members to be followed on Wednesday by voluntary bloodletting

Then Mayor Nene Pimentel established Press Freedom Week in 1982.

by members at the COPC Board Room in partnership with the PNPPC, 4ID PA, COCPO, PRO 10 and All AM& FM stations. Thursday and Friday will be focused on a sport fest among media practitioners organized into multimedia teams at the Barangay 24 covered court involving basketball, volleyball, badminton, darts, Chess and Billiards. A fun shoot at the

NMPSA Target Range in Bgy. Bulua caps the two-day sports fest. Evenings from Tuesday to Saturday will be devoted to fellowship with key media partners such as the Philippine National Police Regional Office 10 (PNP PRO-10), the Philippine Army’s 4th Infantry Division, the Cagayan de Oro City Government and the Congressional District Office of 2nd District Rep. Maxie Rodriguez.

Msgrs Rey Monsanto & Elmer Abacahin celebrate Holy Mass at the Press Freedom Monument at the start of Press Freedom Week. photo by mike baños, npn

Flowers from the surrounding trees adorn the Press Freedom Monument in mute reverence of the slain members of the press. photo by titus velez

Press Freedom Monument (photo by arthur blue boy)

Press Freedom Week Candle Lighting at the Press Freedom Monument

13

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

monday|may 22, 2017

Shell...

Sales...

“ver y open” to forming a partnership with other companies in building an import facility for liquefied natural gas (LNG) in the countr y. In the past, local and fore i g n c omp an i e s h a d expressed interest in putting up a facility that will allow the importation of LNG ahead of the expected depletion of the country’s offshore natural gas find west of Palawan province starting in 2024. “It’s s t i l l v e r y e a r l y days,” Mr. Romero said. “ We a r e v e r y o p e n t o partnerships with various groups including PNOC (Philippine National Oil Co.).” PNOC has previously announced that local and foreign companies have approached the state-led exploration company for a possible partnership to build an LNG import terminal, storage and regasification complex. “ We h a d s o m e exploratory conversations about it in the latter part of last year,” he said. “The key is to be able to understand how the economics would work because it’s a huge investment.” He said an LNG facility would cost between $600 m i l lion and $1 bi l l i on, thus putting it up would require par tnerships to shore up funding. “The economics must be carefully understood in terms of how the investment will be recovered,” he said. Shell companies in the Philippines include Shell Philippines Exploration B. V. ( SP E x ) . SP E x a n d consortium partners Chevron Malampaya LLC and PNO C Exploration Corp. operate the Ma l amp aya natura l gas platform, which supplies gas to several power plants in Batangas and to Pilipinas Shell for its refiner y and compressed natural gas refilling station. The project delivers up to 20% of the country’s electricity requirements.

public offering with an overallotment option of 75 million shares at P5.00 per share for a total offering size of P2.9 billion. The offering period is from May 19 to 26 while listing on the Philippine Stock Exchange is scheduled for June 2. BDO Capital & Investment Corporation has been tapped as issue manager for the IPO as well as joint lead underwriter and bookrunner with BPI Capital Corp.

from page 6

from page 6

Campus... from page 6

schools, 20 percent off on tuition and miscellaneous fees when enrolled within May 31, 30 percent off on tuition and miscellaneous fe e s w he n stu d e nt s are on their sixth year in the school and special rates for dependents of employees of Z ealep Group, the holding company of AIE. AIE strives to be an internationally recognized basic education institution that d e vel op s stu d e nt s w it h mu l t i p l e i nt e l l i g e n c e s , equipping them with demonstrated academic e xc e l l e n c e, prof i c i e n c y in the performing and v i s u a l ar t s an d e x h i bit the traits of being socially resp onsible citizens.

Demand... from page 7

that anytime, the US Fed can choose to do a third or even a fourth adjustment in the policy rate. If you are holding a longer term instrument, you’ll be locked in to that instrument,” Mr. Guinigundo has said. For next week, the central bank decided to keep the TDF auction volumes steady at P40 billion for the sevenday tenor and P140 billion for the month-long tenor, as the monetary authority continues to see stronger demand for the week-long term deposits. This marks the sixth straight month w hen t he tot a l auc t ion amount was raised to P180 billion.

DOLE-10 orients employers/workers on contracting/sub-contracting rules A total of 141 participants attended an orientation on the Department Order No. 174, series of 2017 (DO 174-17) or the Rules Implementing Contracting/Sub-Contracting arrangements held on May 4 by the Department of Labor and Employment (DOLE)-10 here. Remegio D. Cabañog, DOLE-Lanao del Norte chief said the participants who were all coming from the city and Lanao del Norte, represented the management sector from the various establishments/ companies of the different industries, registered

contractors/ sub-contractors, employees and labor groups as well as representatives from the government offices. One of the questions raised was on the various types of workers and their technicalities, by the employees of the Mindanao State University – Iligan Institute of Technology (MSU-IIT). DOLE-10 Regional Director Joffrey M. Suyao explained the salient features of the Rules. He clarified the definitions on regular, casual, seasonal, project-based, and probationary employees either directly hired

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 44 Initao, Misamis Oriental IN REPETITION FOR JUDICIAL CONFIRMATION OF IMPERFECT TITLE

LRA CASE NO. 2015-59

GEMINI LAND VENTURES AND DEVELOPMENT CORP. Petitioner -----------------------------------/

Cadastral Lot No. 4423 CAD 237

AMENDED ORDER Finding the verified petition for judicial confirmation of imperfect title of land identified as Lot 14423 Cad-237, situated at Barangay Matangad, Municipality of Gitagum, Province of Misamis Oriental Island of Mindanao, containing an area of 2,785 square meters, and more particularly described as follows: A parcel of land with an area of 2,785 square meters (Lot No. 14423 CAD-237) situated at Barangay Matangad, Municipality of Gitagum, Misamis Oriental, Island of Mindanao, bounded on the SE by Lot 13762 Cad 23, on the SW by Lot 13765 Cad 237, on the NW by Mindanao Sea, and by NE by Lot 13760 Cad 237. Filled by Gemini Land Ventures and Development Corporation, duly represented by its Corporate Secretary, Ma. Jugi D. Salimbagat, to be sufficient in form and substance, the same is set for INITIAL HEARING on August 07, 2017 at 8:30 o’clock in the morning at this Court, sitting at the Hall of Justice, Initao , Misamis Oriental, Persons interested in this petition are required to answer and appear before this Court on the aforesaid date and make known their position thereto. The Administrator of the Land Registration Authority is hereby directed at the expense of the applicant to cause the publication of the Notice of Initial Hearing in the Official Gazette and once in a newspaper of general circulation in the Province of Misamis Oriental. Further, the petitioner is hereby directed to furnish copy of the application and its annexes to the Solicitor General. Lastly, let copies of this order be furnished to the concerned office of the Department of Environment and Natural Resources (DENR) of this province. SO ORDERED February 8, 2017, Initao, Misamis Oriental

(Sgd.) MARISSSA P. ESTABAYA Presiding Judge

BWM: May 22, 29 & June 5, 2017

War on Drugs: A Challenge to Educators By Arwin J. Tagaylo

The victory of Digong in the 2016 presidential election is also the triumph of all hopeful Filipinos. With “Digong” as the new president of the country, a number of Filipinos believe that the face of the country will change and that he will move heaven and earth just to fulfill his promises. One of his promises is to eradicate illegal drugs and give Filipinos a safer place to live. This promise is only possible if people, different sectors and institutions in the community will do their part. One institution that is believed to be effective in helping eliminate drugs in the country is Education which is responsible for formation of values among individuals. To support the government’s effort against illegal drugs, the Department of Education plans to conduct a random drug testing among high school

students, elementary and high school teachers, officers and personnel in pursuant to Republic Act 9165 or the Comprehensive Dangerous Drugs Act of 2002 before the school year starts. With this random drug testing, the Department of Education is amenable that drugs have pervaded the young ones even those who are schooling and that this pervasion has challenged the role of the institution of education in nation building. In this enormous problem the country is facing, educators are placed in a war not just on drugs but on the quality of education and values they share to their students. Educators are challenged to move fast and be urgent in educating their students about the ill effects of drugs or else their war would not be over. They would continue to face demands by parents to help build a stronger foundation for their children and

protect their children from the dangers of the outside world. Students must be taught to fight corruption of the mind and to have courage to weigh between good and evil. As this war on drugs of the president has still a long way to go, educators are also expected to continuously do their part as second parents of students. The road to this thrust of the government towards drugs might be long and winding but teachers keep trying to update themselves with the best weaponry to be ready in this war. The end of this war may not be foreseen but what is important is it has started. If what awaits all of us, Filipinos is a drug free country, it is then a victory of all Filipinos and institutions most particularly of Education. Lastly, hope one day we could say, “Indeed, ‘twas a war worth fighting for and change had really come!”.

by the principal employer or under a trilateral relationship with emphasis on the aspect of security of tenure. While the Federation of Democratic Labor Organization (FDLO) inquired on the protection of the rights of the workers, which Director Suyao clarified that DO 174-17

guarantees the rights of workers to labor standards, occupational safety and health standards, social welfare benefits, and other labor-related issuances, including the free exercise of their right to self-organization and collective bargaining. (Joseph Nathan J. Fabrega, DOLE-X LDNPFO/PIA-LDN)

Republic of the Philippines LOCAL CIVIL REGISTRY OFFICE PROVINCE OF MISAMIS ORIENTAL CAGAYAN DE ORO CITY NOTICE FOR PUBLICATION In compliance with Section 5 of R.A. No. 9048, a NOTICE is hereby served to the public that ERICK JOHN E. JOLOYOHOY has filed with this Office a petition for the change of first name from FREDERICK JR. to ERICK JOHN in the Certificate of Live Birth of FREDERICK JR. EBALLE JOLOYOJOY who was born on OCTOBER 28, 1978 in Cagayan de Oro City and whose parents are FREDERICK BARILLO JOLOYOJOY & SARAH CUI EBALLE. Any person adversely affected by said petition may file his written opposition with this Office not later than MAY 28, 2017. BWM: May 22 & 29, 2017

(Sgd.) NORMA S. DIPUTADO CITY CIVIL REGISTRAR

14 IDC’s CEO is co-author of book on protecting contemporary architecture A Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

monday|may 22, 2017

rchitect Romolo Nat i , C h a i r m a n and CEO of listed company Italpinas Development Corporation (IDC), is co-author of a book entitled Time Frames,

published by Italian editors Ugo Carughi and Massimo Visone. The new publication, according to Visone, focuses on current conservation and protection rules and

strategies of more than 100 countries, with particular att e nt i on t o e m e rg i ng nations and twentiethcentury architecture. The book presents an overview of critical issues and

ac t ions under t a ken by different countries related to architectural listings. Ti m e Fr am e s i n clu d e s topics on identities, heritage, conservation, memories and the economy.

Visone mentioned that IDC’s contribution is a perfect synthesis on various architectural topics on the Philippines, particularly about the time rule of protecting contemporary architecture. Aside from Architect Nati, Time Frames has 142 coauthors, many of whom are leading architects, scholars and experts representing all continents. “The making of the book lasted for almost a year due to the high number of authors,” Visone explains. Architect Nati, an expert in green architecture, is pleased with the publication and IDC’s part in it. “It has been a pleasure for myself to be able to contribute to Time Frames in behalf of IDC. The company believes that it is very important for the Philippines to understand the value of its architectural heritage. Preservation and protection of past architecture is the best way to inspire new generations of architects, planners and developers to build better buildings, better public and better cities”. Romolo Nati Arch. Romolo V. Nati graduated Summa Sum Laude in Architecture from the La Sapienza University in Rome.

He also completed his Masters degree in Urban Landscape and Layers from the University of Tallinn in Estonia. His exceptional talent in design earned him first prize for innovative and sustainable design of a multifunctional commercial complex in 2006 held in Estonia. He was also awarded for car design in two international competitions by Mitsubishi Motors in 1999 and BMW in 2000. As an architect, Arch. Nati was also in charge of the conceptualization and design of IDC’s real estate ventures such as Primavera City, Miramonti and the company’s first breakthrough project, Pr i m ave r a R e s i d e n c e s , located in Cagayan de Oro City, Philippines. Italpinas Development Corporation is a design driven company focused on development in emerging cities in the Philippines. Aside from being a key member of IDC, Arch. Nati is also the current Vice Chairman of renewable energy company C onstellation Energy Corporation, an IDC sister company that is into development, financing and acquisition of small to medium-scale renewable energy projects in the country.

15

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

monday|may 22, 2017

Designer... from page 16

who shine in that event were our Fashion Icon Melody Mimi Pimentel now a Presidential Fashion C onsultant/Malacanang Office Fashion Consultant, Benjie Manuel Pillar of the Fashion Industry​of Cagayan de Oro, Prince of Haute Couture Gil 111 Macaibay, and Emerging young designer Boogie Rivera. His iconic designs are worn by model Daniele Mondonedo shows sophistication for the Kasalanan Filipino 2015. Finalist Donita Lumapay wore Iconic Fashion For ma l Eve n i ng G ow n for Miss Cagayan de Oro 2016. The Miss Philippines Earth Northern Mindanao Finalist Kate Justiniani wearing Fashion Couture Formal Evening Gown for Miss Philippines Earth 2017, young model Peter Gore wearing Iconic Fashion Formal five pieces with Mindanaoan Fabric details and cummerbund for Mindanao Fashion Summit 2017. Rotarian Joe Palabao of Business Week Mindanao wearing an Iconic Fashion suit during the 33rd Saulog Discon 2017 at the City of Golden Harvest Valencia City. The Fashion Industry salutes this Iconic Fashion D es ig ne r of Mi nd anao Christopher Mark Yaranon. Kudos!

Driving... from page 1

calls, or during emergency situations. Although road-related deaths due to texting or using the mobile phone are not that rampant, the law, he said, will surely help prevent any loss of life or property in the future. The top causes of road deaths are speeding, drunkdriving and mechanical error. “B efore the law was passed, motorists who text or call while driving were not arrested. But now that we have this law, everyone should comply,” Guro said. He said they will also inspect public utility vehicles if they are compliant before their franchise could be renewed. Rudy Concepcion, 52, a taxi driver for more than 10 years, said he has no problem observing the anti-distracted driving law. For veteran motorists like him, driving without distraction has been his practice. The problem, he said, are the new drivers who tend to use their electronic gadgets while driving. First-time violators will pay a penalty of P5,000, P10,000 for the second offense, and P15,000 for the third offense with a threemonth suspension of driver’s license. Violations committed beyond the third offense will be penalized with the revocation of driver’s license and a fine of P20,000. The law covers both public and private vehicles, including wheeled agricultural machineries, construction

equipment, and other forms of conveyances such as bicycles, pedicabs, trolleys, “habal-habal” (motorcycle for hire), and other forms of transportation either human-powered or pulled by animal as long as the same are operated or driven in public thoroughfares, highway or streets.

Talks... from page 1

and Economic Reforms (CASER). Mariano will sit as GRP panel’s consultant on CASER. In an interview Thursday, the agrarian reform chief said he joined the meetings between the bilateral teams of GRP and NDFP, which were created during the April 3 to 6 round of talks, also in the Netherlands, to work on the contentious provisions on socioeconomic reforms. T h e bi l at e r a l t e ams composed of three members from each side and supervised by re c ipro c a l w or k i ng committees “to work on the sections on the agrarian reform and rural development and National Industrialization and Economic Development.” During the fourth round of talks, the reciprocal working committe es on CASER exchanged their respective comparative “color-coded matrices” identifying both contentious and acceptable provisions of the CASER drafts submitted by both parties. These contentious provisions were then clustered into nine major topics: coverage, confiscation, compensation, lease/ leaseback and plantations, international agreements/ domestic law, political power/ implementation mechanisms, land use, private insurance, and terminologies. Mariano said the results of the meetings of the bilateral teams will be presented in the next round of talks. He said both parties agreed on free land distribution as the “basic principle” of agrarian reform. In the fifth round of talks, the reciprocal working committees will discuss and work on the remaining items under Agrarian Reform and Rural Development (Part IV), National Industrialization and Economic Development (Part V), Environmental Protection, Rehabilitation and Compensation (Part VI), and the outputs of the bilateral teams. “(Kami) nakikiisa sa mamamayan natin na magkakaroon pa ng substantial na progreso ang p eace negotiations ( We are one w it h ou r people in their aspiration for substantial progress in the peace negotiations),” he said. (Antonio L. Colina IV/ MindaNews)

Claims...

from page 1 of P500,000. The Philippine Deposit Insurance Corp. (PDIC) said that creditors and depositors with uninsured deposits may file their claims personally at the PDIC Public Assistance

Center located at the 3rd Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino St., Makati City, Monday to Friday, 8 a.m. to 5 p.m. Claims may also be filed through mail addressed to the PDIC Public Assistance Department, 6th Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino St., Makati City. A sample Claim Form against the assets of the closed bank may be downloaded from the PDIC website, www. pdic.gov.ph. Claims filed after July 3, 2017 shall be disallowed. PDIC, as Receiver, shall notify creditors of denial of claims through mail. Claims denied or disallowed by the PDIC may be filed with the liquidation court within 60 days from receipt of final notice of denial of claim. PDIC also clarified that depositors who filed their deposit insurance claims on or at any time prior to July 3, 2017 are deemed to have filed their claims against the closed bank’s assets. Rural Bank of Iligan City was ordered closed by the Monetary Board (MB) of the Bangko Sentral ng Pilipinas on April 20, 2017 and PDIC, as the designated Receiver, was directed by the MB to proceed with the takeover and liquidation of the closed bank in accordance with Section 12(a) of Republic Act No. 3591, as amended. The bank is located at No. 0045 Gen. Aguinaldo St., Brgy. Poblacion, Iligan City. All requests and inquiries relating to Rural Bank of Iligan City shall be addressed to the PDIC Public Assistance Department through mail at the 6th Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino St., Makati City, or through telephone numbers (02) 841-4630 or 841-4631. Depositors and creditors

outside Metro Manila may call the PDIC Toll Free Hotline at 1-800-1-888-PDIC (7342). Walk-in clients may also visit the PDIC Public Assistance Center at the 3rd Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino St., Makati City, Monday to Friday, 8 a.m to 5 p.m. (PR/ PNA)

terrorism. “I can see that the LGUs in the region are very active in this fight in order to have peaceful and progressive communities,” he said. “Liliit ang mundo ng mga teroristang grupo kapag nakita nila na lahat nagtutulungan to fight terror acts,” he added. (BPI/ PIA-10)

from page 2

from page 2 Department of Interior and Local Government director Foster Anayron; evidencebased decision-making with XU Engineering Resource Center founding director Engr. Dexter Lo; local budget process with city officer Elmer Wabe; and legislative marketing with Robert dela Serna. (Mary Ann Chiong/ Xu Comm)

Fourth...

marginalized groups and National Survey 15-50 years old with 10,000 samples nationwide. Dacanay clarified that this is a long-term (25 years) vision for the Philippines, a basis for unity among Filipinos. It is a vision, NOT a plan that could play as an anchor for development planning across administrations and a guide for engaging with international development partners. (JMOR/PIA10)

Summit... from page 2

government to enlist the support of Islamic scholars to combat terrorism. ARMM Governor Mujiv Hat am an s ai d Mu s l i m scholars can contribute to the advocacy against terrorism by educating people about the true teachings of Islam most especially on the principles of justice, compassion, peace, and harmony. The national g o v e r n m e nt c o n s i d e r s terrorism as an urgent and critical national security threat. “The LGUs play a vital role in the fight against terrorism and illegal drugs because local chief executives and officials could help prevent violence in their respective areas,” Sec. Abdullah said. He reiterated that close coordination, mutual support, and cooperation at all times can help put an end to

ASIA WORLD PAWNSHOP

Main: Osmeña-Cogon Market, Cagayan de Oro Branch: Ipil St.,Carmen , Cagayan de Oro NOTICE OF AUCTION SALE Starting June 2, 2017 at 10:00 A.M. to 12 noon, this establishment will set an Auction Sale on all pledges since January 2017 at Osmeña-Cogon Market and Ipil St., Carmen, Cagayan de Oro City. Patrons are enjoined to verify their receipts.

MANAGEMENT PAHIBALO

Sa Hunyo 2, 2017 sa may 10:00 sa buntag paingon da alas 12 sa udto, ang Tanan nga penirenda nga wala malukat sa bulan sa Enero 2017 maapil sa subasta sa OsmeñaCogon Market ug Ipil St., Carmen, Cagayan de Oro City. Giawhag ang tanan suki sa pagsusi sa ilang resibo. ANG TAGDUMALA BWM: May 22, 2017

Republic of the Philippines AUTONOMOUS REGION IN MUSLIM MINDANAO Province of Lanao Del Sur MUNICIPALITY OF MASIU OFFICE OF THE MUNICIPAL CIVIL REGISTRAR NOTICE OF PUBLICATION In compliance with Section 5 of R.A. 10172 a notice is hereby served to the Public that SANIA PAMLI-AN MIMBANTAS has filed with this office a petition to the correction of clerical error in the entry of the child’s SEX from “MALE” to “FEMALE” in the Certificate of Live Birth of SANIA PAMLI-AN MIMBANTAS who was born on July 29, 1999 in Masiu,Lanao Del Sur and whose parents are INOCAYA M. PAMLI-AN and TOMIANONG S. MIMBANTAS. Any person adversely affected by said petition may file his written opposition with this Office not later than ______ 2017.

Training...

BYD... from page 3

Chinese manufacturer BYD (13 percent) and Tesla (9 percent). S olar Transp or t and Automotive Resources, Corp. (STAR Corp.), which is the authorized distributor in the Philippines, offers the e6 and the Qin. The e6 is a pure electric vehicle crossover with a range of over 300km. The e6 is among the longest for pure electrics in the world. Recharging is convenient and fast, taking only two and a half hours to fully charge the e6 using 100Kw charging cabinet, or six hours if with a standard 10Kw charging pole. On the other hand, the Qin is a dual-mode hybrid sport sedan that’s part of the “Green Mobility” strategic vision of BYD Global. The dual-mode system harnesses

an advanced turbocharged engine and a p owerful electromotor, either of which can operate independently, or be combined to deliver 300hp of blended power.

Doring... from page 4

spit out. Well, when will we start counting our courage and not our fears, or enjoy instead our woes? Worrying itself is pointless. Of course, no society has achieved perfectly rules of law, neverending education or unique responsible governments. Let’s seek out the worries but avoid the worriers, because they try to avoid liberty. +++ Email: dor ingklau s@ gmail.com or follow me in Facebook, Linkedin or Twitter or visit www.germanexpatinthephilippines.blogspot.com or www.klausdoringsclassicalmusic.blogspot.com .

Earnings... from page 6

Philippines as we embark on our next 100 new cities and municipalities in addition to what where we had at end of 2016,” the younger Villar said. Capital expenditures could hit P35.3 billion for the entire 2017. Vista Land has one of the largest nationwide footprint among property developers, with presence in 107 cities and municipalities across 44 provinces at end March.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 18 Cagayan de Oro City HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND, Mortgagee, -versus - SPS. AURORA G. DALAPAG married to LEONARDO M. DALAPAG,

EJF FILE NO. 2017-176 FOR: EXTRA-JUDICIAL FORECLOSURE OF REAL ESTATE MORTGAGE

Mortgagors, /- - - - - - - - - - - - - - - - - - -/ Upon extra-judicial petition for sale under Act 3135 as amended, filed by Home Development Mutual Fund or Pag-ibig Fund, Mortgagee, with branch office located at Pag-ibig Fund Bldg., J. R. Borja St., Cagayan de Oro City, against AURORA G. DALAPAG married to LEONARDO M. DALAPAG, Mortgagors, with postal address at Lot 14 Block 16, PSD104305-017450, Vista Grande Subd., Carmen and Pagatpat, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of March 10, 2017, amounted to ONE MILLION THREE HUNDRED FIFTY NINE THOUSAND THREE HUNDRED NINETY FOUR PESOS and 13/100 (Php1,359,394.13) Philippine Currency, representing the principal, the undersigned Sheriff will sell at public auction on June 2, 2017, at 9:00 a.m. to 4:00 p.m. at the Regional Trial Court, Branch 18, Hail of Justice (City Tourism Hall), Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit: Transfer Certificate of Title T-181671 A PARCEL OF LAND (Lot 14, Block 16, Psd-104305-017450, being a portion of Lot 3017-B, Psd-10-000818), situated in the Barrio of Carmen Pagatpat, City of Cagayan de Oro, Island of Mindanao, containing an area of ONE HUNDRED TWENTY (120) SQUARE METERS, more or less. All sealed bids must be submitted to the undersigned on the abovestated time and date. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title herein above described and encumbrance thereon, if any there be. Cagayan de Oro City, May 2, 2017. FOR THE EX-OFFICIO PROVINCIAL SHERIFF

(SGD.) AMRON D. MACABANGKIT Municipal Civil Registrar BWM: May 15 & 22, 2017

BWM: May 8, 15 & 22, 2017

(Sgd.) NIZA P. TACANDONG Sheriff IV

BusinessWeek MINDANAO CREDIBLE

RELIABLE

www.businessweekmindanao.com

lifestyle IN-DEPTH

Monday | May 22, 2017

Mark Christopher Yaranon “Iconic Fashion Designer� By Joe Palabao/Fashion Enthusiast

M

ark Christopher Yaranon is considered as one of the brightest, known and sought after designer in the Fashion Industry

today. He has been designing fabulous, glorious and beautiful creations to the women of the society along with the beautiful Miss Cagayan de Oro Candidates among

others for quite sometime already. His creations are head turner for the designs exude sophistication and beauty in every fashion event he makes. Mark is

the President of the Oro Fashion Designers Guild (OFDG). His great work and active participation in all the fashion shows in the Region has help catapults Cagayan de Oro as an emerging Fashion Capital in Mindanao. Through his leadership the known annual Mindanao Fashion Summit is always held in Mindanao is always held in Cagayan de Oro. The Oro Fashion Designers Guild in 2015 went to Toronto, Vancouver in Canada and New York, USA for a series of world class fashion shows bringing our very Mindawanon design that raved positive review from the enthusiasts in those part of the world. The fashion Designers designer/PAGE 15

16