BusinessWeek Mindanao (May 22, 2020)

BusinessWeek M I N DA N A O CREDIBLE

Volume X, No. 137

Market Indicators

AS OF 6:00 PM MAY 21, 2020 (THURSDAY)

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26.11 points

‘Under control’ Mar ia Elinore A. Concha, chief training officer at the Southern Philippine Medical Center (SPMC), said the most important consideration when lifting lockdowns is ensuring t h a t p o t e n t i a l C OV I D - 1 9 transmissions are “under control.”

In a virtual briefing, she explained that controlling the threat of transmission means having a system for early detection, isolation facilities for suspected cases, and managing the patients.

SPMC, located in Davao City, is the biggest governmentrun hospital in Mindanao and a designated COVID-19 referral center as well as one of the accredited COVID-19 testing laboratories.

Ms. Concha also said the risk of “impor ting new cases can be managed” if communities are fully educated and engaged “to live under a new normal.”

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RITM okays NMMC to conduct Covid testing www.businessweekmindanao.com

Friday|May 22, 2020

Thank you for trusting us!

By FROILAN GALLARDO, MindaNews

T

HE Research Institute for Tropical Medicine (RITM) has given the green light to the Northern Mindanao Medical Center (NMMC) to start testing their medical laboratory for COVID-19.

Dr. Bernard Rocha, NMMC spokesperson, said experts from RITM will arrive next week to evaluate the performance of their laboratory staff.

“We secured our license just now and we are only waiting for the cartridges for the machine,” Rocha said, referring to the Reverse Transcription-Polymerase Chain Reaction (RT-PCR) machine, the gold standard for COVID-19 testing.

Rocha said their laboratory can operate for 12 hours and can process results up to TESTING/PAGE 7

ASSISTANCE TO FISHERFOLK. Personnel from the Philippine Coast Guard Station Lanao del Norte, 1003rd Philippine Coast Guard Auxiliary and the Bureau of Fisheries and Acquatic Resources Lanao del Norte field office hand out food assistance to a fisherman affected by the quarantine in Iligan City. mindanews photo by richel v. umel

‘Apo Agua’ DAVAO City — Aboitiz-led Apo Agua Infrastructura Inc. is finalizing a recovery plan to get back on track the completion of its P12-billion bulk water supply project in Davao City that has been affected by quarantine restrictions.

Apo Agua General Manager Cirilo C. Almario III, in an email interview Monday, said while they are assessing the delay on the project’s timeline, they are also working on new protocols when construction activities resume.

“We are ascertaining when we can resume full construction activities, while putting in place the appropriate health and safety protocols,” he said.

We strive for Excellence!

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Davao City hotels tweak operations to ride out crisis

By CARMELITO Q. FRANCISCO, Correspondent

DAVAO City — Some big hotels have managed to keep operations going despite the lockdown, thanks to the demand from business process outsourcing (BPO) firms and food

delivery.

Hotels now have to explore new revenue streams as the tourism industry is expected to remain TWEAK/PAGE 7

Talakag farmers optimistic as govt eases rules on Covid-19 DISINFECTION. Barangay Carmen disinfection team immediately dispatched at Zone 9, Camanhan Wednesday - site of the ninth COVID-19 positive case in Cagayan de Oro City. The Carmen barangay council will likewise hand out 25 kilos of rice and assorted canned goods to each of the 116 households in the vicinity while their area is cordoned off for 14 days starting yesterday. photo courtesy of rep. rolando uy

By GERRY LEE GORIT, Reporter

TALAKAG, Bukidnon--A group of farmers in the province of Bukidnon has expressed optimism that the agricultural sector in this town

would soon be able to recover their losses as the government relaxes its rules on Coronavirus Disease FARMERS/PAGE 7

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FRIDAY|MAY 22, 2020

XU-Ateneo offers free online legal counseling in CDO

T

HE Xavier University Center for Legal Assistance (XUCLA) has announced it is offering free online legal counseling to help individuals "find relief and knowledge in the law" on various legal issues amid the ongoing coronavirus disease 2019 (Covid-19) crisis.

“The Covid-19 pandemic has left many confused and anxious as they confront the new reality of restricted liberties, closed businesses and suspended transactions,” project head lawyer Ernesto Neri, an

alumnus of the university’s College of Law, said in an email to local media outlets on Wednesday.

Neri acknowledged that the health crisis has disrupted the traditional means of offering legal counseling and the online initiative seeks to offer "a new system of communication for practical means."

Known as "Tabang Legal: XUCLA Online Legal Counseling," the initiative provides information on an individual's basic rights and helps them navigate the law for remedies.

Under the program, a team of law interns provides the legal services by accepting, processing, and responding to legal problems and inquiries under the supervision of XUCLA volunteer-lawyers and law professors.

In providing legal counseling, Neri said they will be aided by a database of local ordinances and national regulations.

Individuals can access their services through a Google form linked with the official Xavier Ateneo website, while their Facebook Page serves as their main portal that

handles communication and posts related information.

“The Facebook Page will also issue regular infographics on pertinent legal topics during the

health emergency such as the rights of healthcare workers, lease period adjustments, quarantine ordinances, and other regulations,” he said.

Although anyone in

the Philippines can have access to the services, Neri clarified the project does not create an attorneyclient relationship.

Despite limitations, he COUNSELING/PAGE 7

Diskwento Caravan serves more than 4,000 household in CDO DEPARTMENT of Trade and Industry (DTI)Misamis Oriental’s Diskwento Caravan has generated P752,392.23 in sales in eight days since it officially kicked off on April 30, benefiting 4,316 households in Cagayan de Oro City.

The rolling store is integrated with Department of Agriculture-Regional Field

Office 10’s (DA-RFO 10) Kadiwa ni Ani at Kita in the Kadiwa at Diskwento Karavan Northern Mindanao.

The mobile market brings agri-fishery products and reasonably priced basic goods closer to the homes of consumers amidst the community quarantine due to the COVID-19 pandemic.

It is also intended to

help business enterprise owners in their revenue generation.

Among the participating distributors include Julmar Corporation, Elim Magnolia/Purefoods, Elim Purefoods, Vitalize Distribution Inc., Virginia Foods Inc., Zest-O Corporation, and Philippine Spring Water Resources Inc. Also part of the Diskwento Caravan is Ginama, the one-stop-hub that sells quality native products of Northern Mindanao.

The Kadiwa at Diskwento Karavan continues in Barangay Nazareth on May 11, Barangay Bayabas on May 12, Barangay Bonbon on May 13, Barangay Bugo on May 14, and in DA-RFO 10 in Antonio Luna Street on May 15. (Julie A. Nieva/ DTI 10)

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

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FRIDAY|MAY 22, 2020

WEBINARS: Are they Legit?

By EDEN MAE G. PUERTO Teacher I Camaman-an Elementary School

Online training is a new trendy in this time of pandemic where everyone is mandated to “Stay at home”. “Getting online is our new world. Online teaching and learning are the modern avenues of bringing education at home. Today commences the chances of maximizing the use of technologies — the paramount connection between gadgets and information. This is also the best opportunity to be responsible users of high-tech school equipment. “https:// w w w. m a n i l a t i m e s . net/2020/04/30/ campus-press/creatingand-coping-with-newnorms/720820/ This is a pre p ar at i on for t he upcoming New Normal in t he D ep ar t ment of Education.

Proliferating online free training to capacitate teachers is just one click away. But as a teacher we must be selective for the trainings we are joining.

Aside from the learning and skills that we are getting we must be keen enough to know that the seminars we are following

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CorporateWorld

are in consonance with the Republic Act No. 10912 Continuing Professional D e velopment Ac t of 2016”. under Article I Section 2 “ the policy of the State to promote and upgrade the practice of professions in the country.

Towards this end, the State shall institute measures that will continuously improve the competence of the professionals in accordance with the international standards of practice, thereby, ensuring t h e i r c ont r i but i on i n uplifting the general welfare, economic growth and development of the nation. “ Our division of Cagayan de Oro initiate Tech o’clock: Byte-sized Online Learning Series an online training for teachers whom we are a c t ive ly p ar t i c ip at i ng every Monday, Tuesday, and Wednesday @ 1011 in the morning with e - d i g i t a l c e r t i f i c at e s .

We are assured that this online training is legit, timely and capacitate us teachers to embrace the new trend of learning instruction.

SM net income down by 16% to P9B in Q1

T

HE country’s largest conglomerate SM Investments Corporation (SM) on Thursday reported its profit declined by 16 percent in the first quarter of 2020 due partially to effects of the coronavirus disease 2019 (Covid-19) pandemic and enhanced community quarantine (ECQ).

In a statement, SM said net income stood at P9 billion in January to March from P10.7 billion during the same period last year.

Consolidated revenues rose to P111.2 billion from P109 billion.

Banks contributed 46 percent of net income, while property and retail added 44 percent and 10 percent, respectively.

“The ECQ and broader pandemic started to weigh on our performance during the first quarter. Our strong balance sheet, capabilities and partnerships provide us with the flexibility to anticipate and adapt

to changes in customer needs and behaviors. We are actively enhancing digital and delivery services across all our core businesses, while also working to support and protect our employees, customers, MSMEs (micro, small and medium enterprises) and business partners,” SM President Frederic DyBuncio said.

During the crisis, SM implemented sanitation protocols in all its essential businesses.

It also supported the medical equipment and supplies needs of hospitals nationwide and worked with the government and other partners to provide much needed quarantine and testing facilities.

BDO Unibank posted P8.8 billion in net income in the first quarter from P9.8 billion previously, as core lending and deposittaking businesses sustained their growth despite the ECQ. China Bank saw its net income increase by 19 percent to P2.2 billion in the first quarter, driven by sustained growth of its core businesses.

SM Prime Holdings recorded a consolidated net income of P8.3 billion in the first quarter of 2020, down by 5 percent compared with P8.8 billion in the first quarter of 2019.

The mall business, which accounts for 47 percent of consolidated revenues, has temporarily

closed operations since the implementation of ECQ, except for stores that offer essential products and services.

The residential group, led by SM Development Corporation (SMDC), which accounts for 44 percent of consolidated revenues, recorded a 23-percent increase in revenues to P11.4 billion from P9.3 billion in the same period last year.

Retail operations under SM Retail Inc., which consist of both food and non-food posted revenues of P81.0 billion, up 3 percent from P79.0 billion in the previous year.

Net income stood at P1.2 billion, down 56 percent from P2.7 billion the previous year. (PR)

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Opinion

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BUSINESSWEEK MINDANAO CORPORATION Publisher DANTE M. SUDARIA President/CEO ALLAN MARIO MEDIANTE Vice President for Corporate Affairs RUFINO T. MAGBANUA Vice President for Business Development VICENTE C. DELA VICTORIA Vice President for Operations JOE FELICILDA Vice President for Administration JOHN AARON M. DEL BANDO Vice President for Events and Promotions JOE PALABAO Vice President for Marketing ROSE MARIE D. SUDARIA Vice President for Finance MIKE BAÑOS Vice President for Digital

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JEROME DE LA FUENTE

Practical actions for businesses to take based on 5 main steps.

Make sure you read all the government guidelines s relevant to your workplace.

Each government guideline has specific actions for businesses to take based on these steps.

Further guidance will be published by the various government agencies as more businesses are able to reopen.

1. Carry out a COVID-19 risk assessment Before restarting work

FAMILY BUSINESS COACH

Juni Law Office Cruz Taal St., CDO Legal Counsel

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Member: Philippine Press Institute Oro Chamber

Success is mostly failure Think a minute . . . A wise, respected man said: “Success is mostly failing.” What we often do not know about the world’s most successful people is how many times the y failed b efore the y finally succeeded. Successful people never stop learning from their mistakes and failures. As a world-famous entertainer put it: “If you want the rainbow, you have to put up with the rain.”

This is the true story of a man who when he was 22-years-old failed at business. The next year he tried for public office in government and lost, so he tried at business a second time, but failed again. Then at age 25 he made yet another attempt for government office, and this time he won. However, the following year his fiancé died and at age 27 he had a nervous breakdown.

In the next seven years he tried for government office three more times and lost all three times! Three years later, at age 37, he tried again for government office and finally won. But only two years after that he

THINK A MINUTE

FRIDAY|MAY 22, 2020

5 steps to working safely you should ensure the safety of the workplace by: • carr ying out a risk assessment in line with the DOH guidance • consulting with your workers or trade unions • sharing the results of the risk assessment with your workforce and on your website 2. Develop cleaning, handwashing and hygiene procedures You should increase the frequency of handwashing and surface cleaning by: • encouraging people to follow the guidance on hand washing and hygiene • providing hand sanitiser around the workplace, in addition to washrooms • frequently cleaning and disinfecting objects and surfaces that are touched regularly • enhancing cleaning for busy areas • setting clear use and cleaning guidance for toilets

• providing hand drying facilities – either paper towels or electrical dryers 3. Help people to work from home You shou ld t a ke a l l reasonable steps to help people work from home by: • discussing home working arrangements • ensuring they have the right equipment, for example remote access to work systems • including them in all necessary communications • looking after their physical and mental wellbeing 4. Maintain 2m so cial distancing, where possible Where possible, you should maintain 2m between people by: • putting up signs to remind workers and visitors of social distancing guidance • avoiding sharing workstations • using floor tape or paint to mark areas to help people keep to a 2m distance

• arranging one-way traffic through the workplace if possible • switching to seeing visitors by appointment only if possible 5. Where people cannot b e 2 m ap ar t , m an a g e transmission risk Where it’s not possible for people to be 2m apart, you should do everything practical to manage the transmission risk by: • considering whether an activity needs to continue for the business to operate • keeping the activity time involved as short as possible • using screens or barriers to separate people from each other • using back-to-back or side-to-side working whenever possible • staggering arrival and departure times • reducing the number of people each person has contact with by using ‘fixed teams or partnering’

A major event changes everything!

Cell No: 09352379999

CHAINCERLIE SUMALPONG Advertising

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PROF. ENRIQUE SORIANO As founder/owner of a business that you built from hard work, is the family business prepared for a major transition? Whether i t i s Fa m i l y, B u s i n e s s and Ownership (wealth) everything is in transition.

When illness, incapacity or death of a key family shareholder strikes or events like marriage, separation or dispersed ownership happens, the impact on the family business system

may cripple the business overnight.

With a mindset bordering on immortality, stubborn leaders totally disregard any form of transition. But when a sudden event like death occurs, it will leave everybody broken, gasping for breath, barely surviving and being dragged under by the overwhelming weight of the business and the family.

There is no doubt that any business will be faced with some very difficult choices in the months and years to come so being prepared is critical.

Being the leader of the clan, owners must anticipate these predictable events and must think of the future of the family first and not be tied up with daily sales and operations all the time.

Finally, they must craft solid agreements and make the r ig ht decisions now to

prepare for the future.

So how does one navigate change like this in the business?

In my last column, I highlighted the Aboitiz family’s 130-year journey that started as a small business trading hemp (abaca) in Leyte. Years later, the group ventured into inter-island shipping to transport its goods across the Visayas.

Fast forward 100 years later, what was once a general merchandise business has transformed into one of the largest, oldest and most respected conglomerates in the Philippines. The group has spanned five generations blending family and professional management. And behind its business success is a powerful and enforce able family constitution that is meant to ensure the sustainability of its wide range of businesses

all over Asia.

To q u o t e t h e 4 t h generation CEO Erramon Aboitiz when asked what their enduring qualities were, he replied, “What makes the family stick together is a question asked of us many times. There is no simple answer, but trust, mutual respect and the love of being together are foremost in my mind. Promotion within the family and company is based on respect and merits. Family members are professionals in every sense of the word. No family member has a right to work for the company.

All of us, whether male or female, have gone through the ranks.”

He a ls o we nt on to articulate the value of the f ai r ne ss pr i nc ipl e t h at must b e upheld within the clan. And to avoid a ny m i s u n d e r s t a n d i n g CHANGES/PAGE 7

Angles, layers, objectivity, fairness JHAN TIAFAU HURST lost yet another time. In the next 10 years, amazingly he tried two more times for the United States Senate and lost both times. Then he even tried for vice president and lost that too. Finally, two years later, at age 51, he was elected President of the United States. Today, he is considered by many to be the greatest president in America’s history. This is the true life story of Abraham Lincoln.

Failing should make us better, not bitter. It helps us learn something that does not work, so the next time we try we are much smarter! When you fail and make mistakes, you need SUCCESS/PAGE 7

How can we be objective and fair in our discussions and exchanges when there will always be many angles, layers and spins in which any issue, whether it is an opinable matter or even a dogmatic one, a highly contentious political issue or a longsettled doctrine of faith, is talked about?

In fact, in any discussion, we should expect people to have not only different views but also conflicting ones.

This should be no surprise to us. In fact, we should be ready for it and even be welcoming to it. Thus, it is important that we be openminded, willing to listen to everyone even if we are quite convinced that one is clearly wrong or off the mark.

We have to know how to keep a tight grip on our emotions that usually are the first ones to react badly especially when we

are contradicted. We should try our best to be rational, and more than rational, we have to be charitable, with the charity of Christ who even managed to just take it easy when he was insulted and mocked. (cfr. 1 Pt 2,23) Let’s always keep in mind that everything is under G o d’s control and that there’s always a time for everything—“a time to be silent and a time to speak, a time to love and a time to hate, a time for war and a time for peace…” (Ecc 3,7-8) The important thing to keep in mind is simply to be with God in whatever state in our discussion we find ourselves in. With him, we would know how to make things, even the wrong ones, serve the common good, especially the ultimate and eternal common good.

Remember that part in the gospel where even Caiaphas,

the high priest, proposed that Christ be put to death to save the Jewish nation.

“You do not realize that it is better for you that one man dies for the people than that the whole nation perish,” he said. (Jn 11,50) From that evil proposal, the divinely-inspired words of the gospel concluded that Caiaphas “did not say this on his own, but as high priest that year he prophesied that Jesus would die for the Jewish nation, and not only for that nation but also for the scattered children to bring them together and them one.” (Jn 11,51-52) In other words, Caiaphas played along in the “gameplan” of God for the salvation of man. God is always in control of things. He knows how to draw good from evil.

With him everything works for the good. (cfr. Rom 8,28) The same can be said

HINTS AND TRACES

ROY CIMAGALA of the magnanimous Old Testament Joseph who told his guilt-stricken brothers who did evil to him: “You meant evil against me, but God meant it for good, to bring to pass, as it is this day, to save many people alive.” (Gen 50,20) Before the many different, confusing and even conflicting views in our discussions and exchanges, we should just be sport and FAIRNESS/PAGE 7

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FRIDAY|MAY 22, 2020

OPINION:

5

Banking&Finance

Devastation and Opportunity Most of us in Uptown CdO have been living a peaceful life with your families in this privileged part of Cagayan de Oro and Northern Mindanao. Children are going to nearby schools, shops and amenities at your doorstep, great walks and bicycle rides on the pathways between the various subdivisions, the golf, the comfort of nearby restaurants, the stores of the air-conditioned environment of SM Mall, the many hang-out places and bars, the easy access to Lumbia area, the city's busy downtown, the not too far Laguindingan airport and most

of all our beloved personal freedom.

Freedom to do what you want to do, when you want and where you want, that was taken for granted.

Then one day Mr. Corona sweeps in from nowhere and takes over all our lives, our work, our habits, our passions, our personal and financial freedom; all gone in one blow. Mr. Corona is spreading fear and panic among all of us. Nothing is normal anymore.

Face-masks, alcohol bathing, handwashing, home confinement and overall disbelief.

Travel banned, shops closed, offices closed, companies shut, work lost. All the

others doomed to the devastation that Mr. Corona brought upon us including the helplessness of the world's authorities and the hysteric and psychotic preaching of the doomsday and our demise if we don't follow the harshest guidelines of self-confinement and social distancing. “Stay home! Stay home!”, the incessant slogan with no end to the disaster in sight. Even the World Health Organization said that they don't know if Mr. Corona will ever go away.

Waking up to this nightmare has been a harsh awakening.

It has been a very serious problem for so many of us.

Out there desperate families with no work, no food and no money trying to borrow from relatives and friends to survive. So many on a sardines and rice diet for months now hoping to get some needed cash at least to cover for the most urgent necessities.

The government's SAP program has been like a drop in the sea with too many not being able to receive this support. Too many have broken down psychologically, living with their egos and their pride in ashes, with the broken spirit of who cannot provide for his family and cannot see the light anymore.

Entrepreneurs with

LORENS ZILLER

Vice President of the Italian Chamber of Commerce in the Philipines

their overheads, rental payments, loans, salary payments, desperate to gather their last resources to cover these costs. Layoffs as a result with thousands losing their jobs. Shop and Retail owners not receiving their rents or facing forcefully shut doors and therefore no customers and no income. Same in the tourism industry, the hotels, transportation and hospitality services.

No tourists, no work, no money, no life. OFWs being sent home.

Seafarers also being sent back.

Tragedy, tears and hopelessness.

“What's next?

When can I go back to work?

What shall we do?

Who will give us a loan? Where do we get our daily food from? Will this ever end?”. These are the questions that most people keep on asking daily and is there an answer?

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FRIDAY|MAY 22, 2020

Letter:

Request to Publish A News Article regarding 2020 Global Bible Seminar Contact Person:

Rizalyne M. Golilao

CHRISTIAN LEADERS FELLOWSHIP COORDINATING OFFICER

P200,000 hinabang gitunol ngadto’s Initao-based coop PORMAL na nga gitunol ni Gov. Bambi Emano ang P200,000 ngadto sa First Initao Elementary Teachers Employees Retirees MultiPurpose Cooperative (FIETERMPCO), atol sa sinemanang pagpakayab sa nasudnong bandila sa

kapitolyo, Mayo 18, 2020, via Zoom App sa internet.

Lakip si Provincial Cooperative Officer Mr. Alberto Acain malipayong mitunol sa cheke ngadto sa nasangpit nga kooperatiba.

Hilabihan uyamot nga kalipay ni Ms. Letecia Sumbilon, chairwoman sa

FIETERMPCO, sa nadawat nga ayuda isip dugang puhunan sa ilang negosyo nga pautang, bugas, appliance ug gadgets.

Nagtuo si Ms. Sumbilon nga ilang makab-ot ang tanang pangandoy sa ilang mga miyembro sa kooperatiba nga

naghangad og maayong kaugmaon pinaagi sa ilang liderato.

Natukod ang FIETERMPCO natukod Pebrero 12, 2010. Aduna na kini 73 ka miyembro ug adunay total current assets nga mokabat sa P2,137,402.00.

Pres. Duterte, mitunol 1,000 food pack sa MisOr DUGANG hinabang na usab ang nadawat sa kapitolyo probinsyal sa Misamis Oriental niadtong Mayo 20, 2020. Kini ang 1,000 ka food packs isip relief goods gikan kang Pres. Rodrigo Duterte.

Dunay sulod 3 kilos nga humay, 4 pancit canton, 3 cans sa meat loaf, 3 cans sardines, 1 powdered milk, ug 1 pack nga biscuit.

Gitunol ang hinabang pinaagi ni Mr. Niño Contreras, ang Presidential Management Staff, nga malipayon usab nga

gidawat ni Gov. Bambi Emano.

"Ipaabot kang Presidente Duterte among kinasingkasing nga pasalamat sa iyang gihatag, among paningkamotan nga among mahatag namo ni sa mga senior citizens sa entiro Misamis Oriental," mensahe ni Gov. Emano atol sa maong okasyon.

Nakatakdang ipangtunol ni Gov. Emano ang maong hinabang ngadto sa mga frontliners sa ospital ug checkpoints, lakip mga senior citizens sa tibuok lalawigan.

Misamis Oriental Gov. Yevgeny Vincente Emano turns over a total of P25.8 million of assistance to the 23 municipalities and two cities of Misamis Oriental. The mayors attended the turnover ceremony to personally receive the checks for their respective local government units. photo courtesy of atty. jeffrey saclot

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FRIDAY|MAY 22, 2020

Donors... from page 8

COVID-19 tests which will be prioritized for the subgroups listed in DOH Department Memo 2020-0180 on Interim Guidelines for Expanded Testing for COVID-19, i.e., patients or healthcare workers with symptoms, relevant history of travel/contact, or considered vulnerable.

UNILAB is expected to deliver the containerized lab turn-key to Cagayan de Oro sometime this May. For its part, Xavier Ateneo will support the volunteer initiatives of its faculty from the School of Medicine to sustain the modular lab’s operations. XU will assist MRXUH in setting up the lab and in advising on guidelines and procedures.

XU is requesting donors to raise the start-up operating capital needed by MRXUH to set up the lab and cover the operating expenses for the first few months. The financial assistance will support the operations of this testing laboratory to contain the coronavirus pandemic. This UNILABMRXUH Testing Laboratory will help meet the urgent need for COVID-19 testing in Cagayan de Oro and Northern Mindanao.

F i n an c i a l d on at i ons can be coursed through #XUKontraCOVID19.

Testing... from page 1

36 swab samples per day.

He said the results can be known in 30 to 45 minutes.

Rocha said there will be two medical equipment available to process the COVID-19 tests once the Department of Health regional office will finish the conversion of their tuberculosis testing laboratory.

The city government of Cagayan de Oro had also purchased three RT-PCR machines to augment the laboratory at the NMMC. Once operational, the NMMC laboratory will be the first medical facility to process COVID-19 swab tests in Northern Mindanao.

At present, only the Southern Philippines Medical Center in Davao City has the capability to process the swab specimens from Mindanao’s 27 provinces and 33 cities. (Froilan Gallaro / MindaNews)

Farmers... from page 1

2019 Covid-19.

Ryan Daño, president of the Miarayon Highland Farmers Association of Ta l a k a g i n B u k i d n o n , admitted that many farmers and cooperatives in Talakag town have suffered losses w h e n t h e g ov e r n m e nt imp os e d t he en hance d c om mu n it y qu ar ant i ne (ECQ) in March this year.

While they are issued foodlane pass from the Department of Agriculture (DA) in Region 10, Daño said they are having a hard time importing their farm

produce due to unavailability of sea transport.

Daño and his members in the cooperative transport high value crops such as potatoes, carrots, and cabbage to the provinces of Cebu, Bohol, Zamboanga, Surigao, Dipolog, and other areas in Mindanao.

He said the community quarantine caused by Covid-19 also affected the volume of demands of veggies in the local market.

Me anw hi le, C harly n Boctot, a retired teacher and farmer, also expressed optimism that the local economy will gradually recover as the government relaxes its rules on Covid-19.

“Tourism in Talakag is dead,” said Boctot apparently referring to the shutdown of maj or non-ess ent ia l establishments.

Prior to the implementation of community quarantine, she said that the town of Talakag has been the favorite hangouts of people from highly-urbanized cities such as Cagayan de Oro City.

She said the town of Talakag has much to offer not just agricultural tourism.

Aside from greenery scenes, she said the town is home to various handicrafts made by some native inhabitants.

Counseling... from page 2

said XUCLA has received varied legal concerns from both online portals since the project launched earlier this month. “ We h av e a n s w e re d concerns about land, family law, freedom of expression, and even business dealings.

We a l s o e n c o u n t e r e d questions in relation to police enforcement of pandemic laws and policies,” he said.

He said that XUCLA is extending the initiative once the pandemic ends, making the project the official online legal platform of the university.

“XUCLA would continue to explore online-based rights literacy programs. the [Facebook] page aims to host a weekly talk show using the Zoom and other platforms with guests from various justice institutions and other government agencies,” Neri said. (PNA)

Tweak... from page 1

limited as the coronavirus crisis continues.

“In general, all are hit in a very big way. Most of the businesses are closed, while some are partially open. Some hotels opened to cater the BPOs and frontliners. At least they are able to open just to recover from their costs,” Philippine Chamber of Commerce and Industry (PCCI) Regional Governor Arturo M. Milan said in a phone interview.

Waterfront Insular Hotel Davao, one of the oldest in the city, is “bleeding” despite being able to stay open, said Jennifer R. Romero, head of sales and marketing department.

“We will try to lower down the cost and will see if we can hit the break even figures,” Ms. Romero said.

CHMI Land, Inc.’s Acacia Hotel Davao, which just opened late last year, has also managed to maintain operations for BPO workers and its Luk Foo Palace restaurant.

While quarantine rules are being eased except for tourism and leisure sites, Mr. Milan said hotels and other facilities can start looking for new income sources.

He s ai d am on g t h e recommendations made during a recent business sector virtual meeting are the possible reconfiguration of some hotels into office spaces and promoting interprovince tourism for families and small groups.

Success... from page 4

inner strength and courage to keep going so your life’s disappointments don’t make you stop short of becoming all you can be. Only Jesus can help you use your failures and disappointments to make you much stronger and wiser to reach the true success He created you to have—both personally and professionally. Won’t you ask Him to take full charge of your character and career from this day forward? Just think a minute .

Changes... from page 4

and encourage open communication, the members as mandated in their constitution must hold regular meetings where transparency is promoted within the leaders. Similarly, to prevent unnecessar y misunderstandings and minimize role conflicts, it was explicit in their agreements that governance forums will be created as avenues for family members to escalate their grievances.

These governance forums are classified into family, business and ownership councils and prevent petty issues from exploding in the wrong forum.

A n d f i n a l l y, t o perpetuate the legacy of the Aboitiz family business, a well-designed leadership program meant to shape expectations of the next generation members with

respect to their competence, roles in the business and most importantly as future stewards.

Staying true to the tenets of the family constitution, the Aboitiz family continues to inspire family businesses in Asia and has kept the ownership united with every single family member that signed the constitution committed to the future of the family business. For them, succession has always been smooth, despite studies saying that family-owned businesses tend to die out by the third generation.

Fairness...

from page 4 be open-minded. Even if one is wrong, it does not entitle us to be uncharitable to him.

We may correct, suggest, advise, clarify, etc. to him, but we should never fall into lack of charity.

It’s in charity that we become objective and fair in our discussions amid the many angles, layers and spins people put into them.

Objectivity and fairness is not so much about who is right or more right in terms of being empirically or scientifically correct.

It’s more about charity, the charity as shown by Christ, and commanded to us by him.

B esides, thes e many angles and layers can be a rich source of knowledge for us. They deepen and widen our understanding of things. If we have the proper spirit, if we have the charity of God, we can always learn something precious from all these angles and layers, including the wrong ones.

It is with this charity that we can follow what Christ once said—that we be “as shrewd as serpents and as innocent as doves.”

(Mt 10,16)

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

ASIA WORLD PAWNSHOP

Main: Osmeña-Cogon Market, Cagayan de Oro Branch: Ipil St.,Carmen , Cagayan de Oro NOTICE OF AUCTION SALE Starting June 5-6, 2020 at 10:00 A.M. to 12 noon, this establishment will set an Auction Sale on all pledges since January 2020 at Osmeña-Cogon Market and Ipil St., Carmen, Cagayan de Oro City. Patrons are enjoined to verify their receipts.

MANAGEMENT PAHIBALO

Sa Hunyo 5-6, 2020 sa may 10:00 sa buntag paingon da alas 12 sa udto, ang Tanan nga penirenda nga wala malukat sa bulan sa Enero 2020 maapil sa subasta sa OsmeñaCogon Market ug Ipil St., Carmen, Cagayan de Oro City.

Giawhag ang tanan suki sa pagsusi sa ilang resibo.

BWM: MAY 22, 2020

ANG TAGDUMALA

DOF wants 20% corporate tax by 2027 THE Duterte administration is proposing to follow its one-time, big-time cut in corporate income tax (CIT) with a series of one percentage point reductions between 2023 and 2027, the Department of Finance (DOF) said on Monday.

After the CIT is lowered from 30 percent to 25 percent by July this year, Finance Assistant Secretary Antonio Joselito G. Lambino II said the DOF will further bring down the rate in the succeeding five-years until it reaches 20 percent.

“From 2023 to 2027, we are proposing to reduce the CIT by one percentage point per year until we get to 20 percent,” Lambino said in mobile phone message, noting this proposal is under the new corporate recovery and tax incentives for enterprises (CREATE) bill.

Under the original DOF proposal, or the corporate income tax and incentives reform act (CITIRA), the executive wanted to reduce the CIT rate, currently the highest in the Association of Southeast Asian Nations (ASEAN), from 30 percent to 20 percent in 10 years.

But to help businesses recover faster from the impact of the coronavirus pandemic, the DOF tweaked and repackaged its CITIRA bill, now called CREATE, to stimulate the economy amid the expected 1.5 million job losses.

Lambino said the drastic reduction in CIT beginning July this year, once approved by Congress, would unleash P667 billion windfalls for companies, the government’s largest stimulus package in history.

He explained that the DOF’s proposed across-the-board five percentage points CIT cut is equivalent to P42 billion tax savings for companies in the secondsemester of 2020 alone.

Ultimately, the one-time, big-time reduction will deliver another P625 billion savings for corporations for the next five-years, Lambino said.

“It is the largest stimulus package through corporate tax reform in the country’s history. The reform will put more money in the hands of businesses to support their employees and reinvigorate their operations post ECQ [enhanced community quarantine],” Lambino said.

Last week, Acting Socioeconomic Planning Secretary

Karl Kendrick T. Chua said they are now supporting the immediate 25 percent corporate tax rate starting July, and a longer net operating loss carry over.

Chua also said the government will give new investors “whatever they want, so long as they give us whatever we want, in terms of investment, jobs, or innovation” through tailored-fit tax incentives.

“For existing investors, [we will give] four to nine years no change [in their current incentive], that is a much longer sunset for them compared to the CITIRA,” he said.

But Chua said “The idea of grandfathering, I think is not really a good idea because it violates the core principle of time bound and performance-based incentives.”

The government will also provide more tailored-fit tax perks for investors who will invest in the countryside, Chua added.

He, however, pointed out that these tax incentive regimes, under the CREATE bill, will be “managed, decided, and governed” by the Fiscal Incentives Review Board (FIRD).

“The grant of incentives will be performance-based, targeted, time-bound and transparent. That is non-negotiable from the economic managers’ perspective,” he said.

EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS: That the late SAMSON ANGCOS who died on December 29, 2003 in Tubod, Lanao Del Norte, that to the best of our knowledge and information the deceased left no will and no known debts which remain unpaid whatsoever; that the deceased at the time of his death left a parcel of land TCT No. T-26,766 with Lot No. 0-2-B, Psd-10-062090 situated in Tubod, Lanao Del Norte with a land area of 864 square meters, and has been the subject of an EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH POWER OF ATTORNEY, Filed by the heirs of SAMSON ANGCOS, per DOC#130; PAGE #26; BOOK #LI; series of 2019, under the Notarial Registry of ATTY. TEOFREDO C. ROJAS. BWM: May 22, 29 & June 5, 2020

Opening of classes

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

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

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

Tel. # (088) 231-6739

By Engr. GIOVANNI A. MANGAYAN LAPASAN BRANCH Teacher II Hi-way, Lapasan National Highde School Cagayan Oro City

DEPED presented the CORRALES BRANCH Corrales Ave., calendar for the upcoming Cagayan de Oro City of classes which highlights a compressed school year due to the COVID-19 crisis in the country. The opening of SY 2020-21 is on August 24. However, the days in August prior to the formal school opening will be used to provide students with assignments to explore foundational t opi c s f or d e e p e n i n g during the year, orientation on t h e ut i l i z at i on of alternative learning delivery modalities and corresponding learners’ materials and mental health and psychosocial support activities. The pre-opening activities devoted to the attainment of the learning

objectives for the school year shall be counted as class days.

SY 2020-21 will end on April 30. Because of the compressed school year, distance learning activities will be conducted on Saturdays. In all, the total class days in SY 202021 school calendar will be 203 days. For universities and colleges which are offering Basic Education, they will be allowed to open classes starting June. But between June to August, face-to-face classes may be conducted only in areas allowed to open physically.

Schools may conduct enrolment from June 1 to 30 for all learners intending to attend SY 2020-21.

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

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Friday|May 22, 2020

XU seeks donors to start up UNILAB RT-PCR Test Lab at Maria Reyna-XU Hospital XAVIER University (XU) is working with Maria Reyna Xavier University Hospital (MRXUH) to set up a Reverse Transcription — Polymerase Chain Reaction (RT-PCR) Laboratory at MRXUH to test for COVID-19. RTPCR is the gold standard

for COVID-19 testing.

RT-PCR testing is the preferred mode of testing for detection of COVID-19 cases. Tests are an essential part of our struggle to contain the coronavirus pandemic. With the biocontainment modular lab to be established in

Cagayan de Oro, more of the much-needed COVID-19 testing can be done in the City.

The laboratory will be modular, transforming shipping container vans into a multi-room laboratory suite which will meet the international guidance for biosafety level 2 (BSL2) and be certifiable by the Department of Health for clinical testing of human specimens.

The laboratory will require a 6-person shift of BSL2-trained Medical Technicians who have also gone through training in PCR-based Testing. The total throughput of each 8-hour shift will be from 100-150 tests yielding an estimate of 300-450 tests at full capacity of 3 shifts.

United Laboratories (UNILAB), a pharmaceutical company in the Philippines

manufacturing healthcare products and medicines , owns the containerized lab and is shouldering the capital expenditures.

UNILAB is lending the containerized RT-PCR lab to MRXUH for free for 6 months to help address the COVID-19 situation in CDO and Northern Mindanao.

UNILAB will also fund the appropriate training for Biosafety, Biosecurity and RT-PCR testing in coordination with National Institutes of Health and National Training Center for Biosafety and Biosecurity. UNILAB will likewise facilitate the 5-stage accreditation of the laboratory by the Health Facility Standards and Regulation Bureau.

It will also donate an initial inventory of consumables for 2,000 DONORS/PAGE 7