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BusinessWeek MINDANAO Best in Business and Economic Reporting Philippine Press Institute Civic Journalism Community Press Awards 2013

Volume IV, No. 107

Market Indicators

As of 5:45 pm may 27, 2014 (Tuesday)



US$1 = P43.78

6,780.26 points


10.16 points


22 cents

Briefly Misor care system MISAMIS Oriental – In a recent Cash Assistance Turnover Ceremony conducted by the provincial government of Misamis Oriental, Governor Yevgeny Vincente Emano introduced a program dubbed MisOr Care System. Gov. Emano said that a MisOr Care card will be given to beneficiaries, who are residents of the province, in order to be identified as members in this program. A MisOr Care card holder will receive services and benefits such as the calamity assistance, death assistance, relief assistance and the scholarship assistance offered for the youth, persons with disabilities (PWD), senior citizens, and the solo parents. Another benefit emphasized by the governor was the hospitalization assistance for the indigent members. This would mean that the indigent MisOr Care card holders will immediately receive free hospitalization and medicine.

Scool calendar DAVAO City -- A school official is pushing for measures that will enhance school’s attractiveness as ASEAN 2015 nears. Rey Castro, Assistant Vice President for Business Development of the University of Mindanao, said that several measures must be enacted so that schools can take advantage of ASEAN 2015. One is the change of school calendar. The Philippines is the only country in ASEAN where the month June is the opening of classes. Almost all countries have followed the schedule where August is the start of the classes. Castro said that Vietnam and Thailand had changed their school calendar to adapt to other countries.

Wed-Thu | May 28-29, 2014


Losses from outages in M’nao hit P2.3-B


By MIKE BAÑOS, Editor-at-Large

HE power shortage in Mindanao has caused billion in losses to the Gross Regional Domestic Product of the island in the last 74 days.

During an energy forum held in Davao City recently, the Mindanao Development Authority (MinDA) reported that a rapid assessment conducted by the agency disclosed estimated economic losses of P2.3-billion due to rotating brownouts from Feb. 28-May 12 this year. “This is a very conservative estimate that does not even factor in opportunity losses,” said Ma. Teresa R. Alegrio, former president of the Cagayan de Oro Chamber of Commerce and Industry Fou nd at i on , Inc . ( O ro Chamber) during a May 23 meeting called by the Cagayan de Oro City Council Committee on Energy chaired

by Kag. Teodulfo Lao, Jr. to discuss the power situation. Ms. Alegrio said the figure includes cancelled consumption and equipment breakdown in some of the industries. “NGCP just informs their customers 15-30 minutes before cut-off,” she said. “When you’re running to reduce your load with that kind of time you will have breakdown of equipment. This is the problem now confronting most industries who are forced to buy gensets or otherwise face shutdown or closure.” Although acknowledging committed power projects losses/PAGE 9

PYGMY WHALE RESCUE. The pygmy whale, with blood coming out of its various wounds, are collared by fishermen and personnel of Therma Marine power plant in Brgy. San Roque, Maco, Compostela Valley to a makeshift shelter to help it hydrate and get treatment. Contrary to its name, pygmy whale belongs to the dolphin family, and is a protected specie due to fast its degradation. (Photo Provided)

Rescued pygmy whale Brighter days ahead: swims back to sea No brownouts for CdO over short term AN injure d w ha le was rescued by personnel from a nearby floating power plant in Brgy, San Roque, Maco, Compostela Valley Thursday morning last week. Initial assessment by municipal fisheries officers and personnel from the regional Bureau of Fisheries and Aquatic Res ources (BFAR) shows that the whale was a 4-year-old female, pygmy sperm whale, weighing approximately 250 kilos with

a length of 120 inches or 10 feet. It was found to have injuries that were possibly caused by attacks from cookie cutter sharks. Aside from the bite marks, there were also signs of possible plastic ingestion. A more recent assessment concluded that the whale was also dehydrated when it was found. R e g i o n B FA R O I C municipal coordinator Nora whale/PAGE 9

By MIKE BAÑOS, Editor-at-Large

THINGS are looking up for Cagayan de Oro City as it enjoys a respite from the spate of rotating brownouts

which have plagued it for the past few weeks. “We are happy to announce we had no rotating brownouts

these past three days because our allocation from NGCP has improved,” said Marilyn A. Chavez, senior manager for customer and community brownouts/PAGE 9

Italpinas awarded as this year’s Best Mixed-Use Development ITALPINAS Euroasian Design and EcoDevelopment Corporation (ITPI Corp.), an ItalianFilipino company that desig ns and de velops sustainable property nationwide, bagged the Best Mixed-Use Development in the Philippines award at the recent Asia Pacific Property Awards, held at the Shangri-la Hotel in italpinas/PAGE 10

Italpinas Chairman Dr. Jose P. Leviste J.r with Mr. Matteo Lupi from Smeg, Lord Courtown from the House of Lords in British Parliament and Mr. Stuart Shield, president of International Property Awards.

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Shipping confab to tackle logistics, trade issues KEY transport and customs officials, economists as well as supply-chain executives will gather for the Mindanao Shipping Conference 2014 on June 18 at the Limketkai Luxe Hotel in Cagayan de Oro City. Among the topics at

the whole-day conference are Mindanao’s shipping and trade prospects; the region’s role in sustaining Philippine economic growth; g ov e r n m e nt’s l o g i s t i c s strategies for Mindanao; the impact of ASEAN economic integration on the transport

sector; and Bureau of Customs policies in support of trade facilitation. Delegates will get a chance to participate in high-level networking with shipping industry executives, manufacturers, importers and exporters. Event organizer PortCalls has i nv ite d e x p e r t s to offer their insights into opportunities Mindanao offers to investors, especially in the area of trade and transport. Heading the list of speakers is Dr. Cayetano Paderanga, Jr., former socio-economic planning secretary, who will discuss Philippine macroeconomic prospects for the next three years, as well as his forecast for Mindanao trade. Leon M. Dacanay, Jr., regional director of the National Economic and Development Authority for Region 10, will speak on growth in Mindanao maritime trade, particularly

cargo volumes, direction of trade and how shippers should respond. The state of preparedness of the Philippine logistics industry as the economies of the Association of Southeast Asian Nations integrate next year will be the focus of Dr. Adora Navarro, a senior research fellow of the Philippine Institute for Development Studies, as she discusses the benefits and pitfalls of the regional event. From the private sector, Augustus Adis, president, PIE-MO Industries Association, will point out the needs of Mindanao shippers and cargo service providers while Jose Manuel de Jesus, president and general manager of Mindanao Container Terminal (MCT), will discuss technological and systems innovations and container throughput at MCT. Capping the event will be Atty. Agaton Teodoro Uvero, deputy commissioner for the issues/PAGE 10

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DA adopts value chain as basis for rural investments COMMODITY value chain will now be used in granting investment in rural areas. T h e D e p a r t m e nt of Agriculture (DA) through the World Bank-backed P27.5-billion Philippine Rural Development Program (PRDP) will use the said approach to improve market linkage of farm products. “PRDP will be using the value chain analysis (VCA) to guide local government units in identifying priority inter vent ions t hat w i l l enhance competitiveness of selected commodities,” said national deputy program director Arnel De Mesa. The Food and Agriculture Organization (FAO) in its Guidelines for Value Chain Analysis (VCA) defines value chain as a full range of activities to bring product or services to markets. The VCA on the other hand focuses on creating value along the chain as well as the rational distribution of benefits

among participating actors such as producer, processor, and traders. To integrate supply chain approach in rural areas, De Mesa said PRDP will focus on building capacities of farmers and ensures the provision of strategic network of rural logistics infrastructure within the priority value chains. “Infrastructure such as farm-to-market roads and postharvest facilities should be within the identified priority value chain in a particular province or region,” De Mesa said. In Mindanao, identified regional pilot commodity value chains are: rubber in Region 9; coconut, Region 10; cacao, Region 11; cassava, Region 12; abaca, Region 13; and oil palm and Cavendish banana, ARMM. “VCA promotes efficient allocation of government resources by providing funds only to identified adopts/PAGE 10

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Algen’s Dive Resort (088) 3872015

Philtown Hotel 726295 / 8564402 Fax: 723104

Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497

Pryce Plaza Hotel 8583131 Fax: 726687

Bahay Bakasyunan sa Camiguin (088) 3871057 / 3870131 Fax: 3870278

Prawn House (088) 3095992 Fax: 8519219

Basamanggas Resort 08822-760564 Fax: 760565 Cagayan Riverview Inn 8584245 / 729039 Fax: 8584245 Casa Crystalla 8561704 / 722465 Fax: 722480

Ridge View Chalet 8588946 / 8587946 Fax: 8588946 Seda Centrio Hotel 32288888 Southwinds Hotel 724803 / 8562036 Fax: 8562036 Stargate Dream Vacation Resort 8515003 / 8509999

Casa Isabella (088) 8564065 Casa Azucena 8563402 / 09236593973 Chali Beach Resort 732840 / 8552108 Fax: 8555941

The VIP Hotel 726080 / 8562505 Fax: 726441

Chananthon Bed & Breakfast 8568189 / 3093095

Uptown Condotel 8511800

Country Village Hotel 8583004-06 Fax: 8583006 D’Budgetel 8564200/726643 Fax: 8564300 Dahilayan Forest Park 8568562 to 63 De Luxe Hotel 8572144 / 724548 Fax: 724563 Discovery Hotel 727814 / 8563896 Fax: 8563897 Duka Bay Resort (088) 3312290 Fax: 725265 Dynasty Court Hotel 8574802 Fax: 857900 Grand City Hotel 8571900 / 728469 Fax: 723718 Hotel Conchita 8563856 / 727355 Fax: 8563857 Hotel Koresco 8589749-50 Fax: 8589748 Hotel Sogo 8520383 Kingston Lodge 8585696 Fax: 8585696 Mapawa Natures Park 8584402 Fax: 725265 Mallberry Suites 8541999 / 7249999 Fax: 8544999 Maxandrea Hotel 8572244/729943 Fax: 724090 Miami Inn 8581901 to 02 Fax: 725279/728486 N Hotel (088) 8801924 Paras Beach Resort 8568563 Fax: 8568563

Tune Hotel 8800888/8801306 Travelers Pod 8518988

Villa Paraiso Apartelle 3870419 Fax: 3870429 HONORARY MEMBERS: Dept. of Tourism 723696/726394 / 8564048 Fax: 723696 RESTAURANTS: Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843 Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790 Golden Ajirang I 856-5271 Fax: 727876 Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986 Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Max’s Restaurant 8586297 Fax: 8568264 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852 SLERS Ham & Café 8551438 Thai Me Up 738424/3108424 Fax: 738424 Barkadahan Grill 8551234 La Tegola Cucina Italiana 8585959

WeatherPhilippines’ automated stations deployed to Leyte LGUs localized forecasts at www., which can be utilized for disaster risk reduction and climate change adaption by the LGUs,” he added. More AWS will be deployed to 13 Local Government Units (LGUs) in Southern Leyte on May 23, 2014. WPF will also deploy another 6 units to Northern Samar and 10 to Southern and Central Samar within the month. A s i d e f r o m W P F ’s weather technology, local chief executives from both provinces also learned the importance of proper risk response and mitigation to LGU’s local economies in the Business Continuity After Crisis Workshop facilitated

by crisis and risk specialist Amor Maclang. David Br yan Lozada of Rappler, Inc. - WPF’s media partner- presented Rappler’s Project Agos and discussed how information technology, crowdsourcing and the social media can be utilized to improve the way communities respond to and prepare for disasters. “ T h e W P F ’s AW S , Maclang’s risk response model, and Rappler’s Project Agos will hopefully equip the 29 LGUs to be more prepared when the next calamity strikes in their areas. I am looking forward to seeing (and maybe, even covering) a disaster resilient Leyte and Southern Leyte.” Lozada concluded.

Chevron selects FleetCor for its fuel card replacement system

Cebu Pacific sets flights to Saudi Arabia in 3Q

AS part of the Aboitiz Group’s support to the Office of the Presidential Assistant for R ehabi lit at ion and Recovery (OPARR) and its commitment to strengthen the disaster risk reduction and climate change adaption capabilities of Yolandaa f f e c t e d c om mu n it i e s , one of the Aboitiz Group’s cor p orate foundat ions, We a t h e r P h i l i p p i n e s Foundation, Inc. (WPF), working together with the Department of Tourism (DOT) Region 8 awarded Automated Weather Stations (AWS) to sixteen (16) Leyte municipalities on May 9 in Ormoc City. DOT Region 8 Director Karen Tiopes welcomed

FLEETCOR Technologies, Inc. (NYSE: FLT), a leading global provider of fuel cards and workforce payment products to businesses, announced that it has signed a long term fuel card system processing contract with Chevron International Pte Ltd covering the Philippines, e x p a n d i n g F l e e t C o r ’s footprint in one of the fastest growing economies in Asia. Ut i l izing it s Gl ob a l FleetNet (GFN) fuel card processing platform, FleetCor will also process transactions for Chevron’s private label commercial fuel card program in Hong Kong, Singapore, Malaysia, Thailand and New Zealand in addition to the Philippines. Chevron has a significant presence in the Philippines dating back to 1917, and now has over 800 Caltex service stations nation-wide. “We are committed to ensuring that we have a strong technology solution to underpin the strong value

some 29 LGUs from Leyte and Southern Leyte who participated in the roll-out and training sessions, “We hope that this technology w i l l g ive you a b etter understanding of the weather and its application to disaster preparedness as well as to tourism, agriculture and fishery,” she said. WPF General Manager Celso Caballero III explained the features and benefits of the AWS. “These instruments have sensors that measure global solar radiation, wind direc tion, wind sp eed, te mp e r atu re, pre ssu re, humidity and precipitation. Data gathered from the AWS are processed to provide actual weather readings and

proposition of our range of fuel cards” said Shahid Ahmed, Chevron’s General Manager Sales & Marketing Support – Asia Pacific. Ron Clarke, FleetCor’s chairman and CEO said, “We are delighted to be further broadening our global relationship with Chevron in an emergent Philippine market. This deal marks our fifth new oil partnership this year, building momentum for our continued expansion in the Asia Pacific region and beyond”. The GFN platform is expected to go live in 2015. About FleetCor FleetCor is a leading global provider of fuel cards and workforce payment products to businesses. FleetCor’s payment programs enable businesses to better control employee spending and provide card-accepting merchants with a high volume customer base that can increase their sales and customer loyalty. FleetCor

serves commercial accounts in North America, Latin A m e r i c a , Eu rop e , an d Australia/New Zealand. For more information, please visit About Chevron Chevron is one of the world’s leading integrated energy companies, with subsidiaries that conduct business worldwide. The company is involved in virtually every facet of the energy industry. Chevron explores for, pro duces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future, including biofuels. Chevron is based in San Ramon, Calif. More information about Chevron is available at www. official web portal

THE op erator of C ebu Pacific said it would mount flights to Saudi Arabia in the third quarter of this year despite cases of a deadly viral respiratory infection in Middle East. “All regulatory approvals have been received for Saudi Arabia and we hope to start operations by the third quarter of 2014,” said Jorenz Tanada, Cebu Pacific vice president for corporate affairs. Tanada said traffic would be mostly overseas Filipino workers (OFWs). Philippine government data show at least 1.8 million Filipinos working in Saudi. The airline will use an A330 to operate flights to Saudi Arabia. Cebu Pacific took delivery of its fourth A330 this month and will take delivery its fifth in August. Tanada added that the airline will push through the scheduled flight to Saudi Arabia in the third quarter despite the MERS outbreak. “We can make adjustments to our business plans as the situation evolves. However the presumption is the Mers virus shall have tapered down by then,” Tanada said. The Civil Aeronautics Board earlier issued an advisory directing all carriers cebupac/PAGE 9

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StanChart upgrades PH growth forecast STANDARD Chartered Bank has upgraded its economic growth forecast for the Philippines this year. In a report, StanChart said it hiked its full-year forecast to 7.1 percent from the earlier estimate of 6.7 percent. In light of its fullyear upgrade, StanChart sees Philippine GDP having expanded in the first quarter at about the same pace as the 6.5 percent in the fourth quarter of last year. In increasing its forecast, the bank cited strong growth from both domestic consumption and exports, as well as exp ectations of a pickup in typhoon rehabilitation later in the year. Sales abroad of Philippine-made goods grew by 6.5 percent in the first quarter. This was despite a new truck ban policy that created bottlenecks in the country’s main cargo port in Manila. As for domestic consumption, StanChart cited strong motor vehicle sales, which grew an average of 22 percent in the first four months of the year, adding that this usually moves in tandem with the country’s gross domestic product (GDP). A measure of economic performance, GDP is the amount of final goods and services produced in the country. StanChart also cited

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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


BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178

positive earnings among the country’s big companies. Discounting banks, which took a hit in the absence of huge trading gains enjoyed last year, corporate enjoyed respectable growth in their bottom line in the first three months of the year. StanChart said Standard and Poor’s recent upgrade of the Philippines’ credit rating would also boost business confidence in the near term, opening the door to similar upgrades by other major credit rating agencies. All of these positive factors, along with the steady tap er of the US Federal Reser ve, should lead to the appreciation of the peso, StanChart said, adding that it now forecast the exchange rate averaging P43:$1 by yearend before

slipping to P42.75 by mid2015. T he b an k s aid fo o d inf lation repres ents an upside risk to inflation, especially with the onset of an El Nino dry spell. Food comprises the biggest item in the computation of the Philippine price index. Pr ice pressure f rom electricity however may ease after the Supreme Court extended a stay order on a record rate hike at the Meralco franchise, the largest in the country. Given this, the bank forecast inflation averaging 4.4 percent this year, nearer the upper end of the Bangko Sentral ng Pilipinas’ (BSP) full-year target of 3-5 percent. Therefore, StanChart expects the BSP to hike its policy rates by 50 basis

points to four percent by yearend. The BSP’s overnight borrowing and lending rates stand at record lows of 3.5 percent and 5.5 percent, respectively, since October 2012. StanChart also expects the BSP to increase by another 100 basis points its reserve requirement on banks later this year, but hold off on adjusting the ratio during the Monetary Board meeting next month. The Board has increased the ratio by two percentage points since the start of the year to contain liquidity growth, which has averaged above 30 percent since the BSP ordered banks to pull out individual placements in its special deposit accounts (SDAs) in November last year.

stability of the financial system.” The big banks and thrift banks’ end-2013 real estate exposures represented 21.8 percent of the banks’ total loan portfolio. The level is almost the same as endSeptember, 2013. As for soured real estate loans, the BSP remains confident that this is still manageable. “The banks’ non-performing real estate loans remain manageable amid the increase in real estate credit,” it noted. At end-2013, the nonp er for ming re a l est ate loans of both universal and commercial banks, and thrift banks accounted for 2.8 percent of their real estate loans, lower than the 3.2 percent posted at endSeptember last year, said the BSP. The central bank has amended the way it reports data on real estate loans and it included all loans this time as well as investments in debt and equity securities. As of end-December, the universal and commercial

banks’ investments in real estate securities – about 16.2 percent of total exposures — went up by 7.8 percent to P163.6 billion. The BSP took its time refining and expanding data

on banks’ real estate sector exposures, scrutinizing each type of property or real estate products marketed to be categorized and assessed based on the market it is tops/PAGE 10

Profits of thrift banks fall sharply THRIFT banks reported lower income in the first quarter this year, down 75.15 percent from P4.976 billion in 2013 to just P1.336 billion with treasury trading gains taking a big hit. Data from the Bangko Sentral ng Pilipinas (BSP) showed that the net interest income of the 71 savings b an k s m an age d a 1 9 . 8 percent increase year-onyear to P9.435 billion as of end-March but its noninterest income fell 61.87 percent to P2.821 billion. Interest income is derived from lending activities. Thrift banks, especially subsidiary units of the big universal and commercial banks, have a large portion of the industry’s property

and car loans. Non-interest income is treasury-based profits which decreased across the industr y because global financial volatility translated to withdrawals of funds from the local markets. The Ayala-owned BPI Family Savings Bank remained the largest of 70 thrift banks followed by Metrobank subsidiary Philippine Savings Bank and RCBC Savings Inc. The BSP noted that as of end-March thrift banks’ return on equity dropped to 6.85 percent from 13.38 percent the same period in 2013. Return on assets also declined to 0.85 percent from 1.76 percent.



BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203

Banks’ real estate exposure tops P1 trillion THE Bangko Sentral ng Pilipinas (BSP) on Friday released the long-delayed data on the big banks’ real estate exposures, which as of end-2013 amounted to P1.006 trillion, up 7.1 percent from the last quarter ending in September, 2013. The data also includes the real estate exposures of the smaller thrift banks. According to the BSP, the increase in banks’ real estate exposures was due to the rise in real estate loans, which accounted for 83.8 percent of the total exposures in the real estate sector. This grew seven percent quarter-onquarter to P843 billion as of end-December. About 60 percent of real estate loans were released to land developers and construction companies while the rest went to borrowers acquiring residential properties. The BSP said that it “monitors various segments of the credit market in its continuing effort to assess and address potential concerns” that may “undermine the

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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

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 PLANTERS DEVELOPMENT BANK

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


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

BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406

PHILIPPINE POSTAL SAVINGS BANK, INC. Rizal Chavez Cdoc 8572194/725438

BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263

PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184

BPI- COGON Osmeña St. Cdoc 8571297/8571298

PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386

CHINA BANK –GAISANO 745887/745880

QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390

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

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

DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649

SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774

DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

SECURITY BANK- LKK Limketkai | 8801258/8801625

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081 EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331 ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632 STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168 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

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Expect The Best


hink a minute…A famous professor from Harvard University did a study in a primary school. At the beginning of the school year the teachers were given the names of 5 children. The teachers were told that these 5 were the best students in the class. But the fact was that these students were only average. Well, guess what? By the end of the year all 5 average students scored among the highest in the class. They even gained 1530 I.Q. points! So what made those average students change so much to become top students? The only difference was the change in the teachers’ attitudes. Since the teachers believed that these 5 kids were the top students, they expected more from them and treated them with more respect. So these 5 average students began to believe and expect more from themselves, just by the way the teachers viewed and treated them. You know, if you expect the best from people, they’ll usually want to give you their best. A great leader said: “Treat a person just how he appears to be on the outside, and you’ll make him even worse. But treat a person like he’s already a success,

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A Minute

Micro-business enterprises in barangays must be exempted from local taxes? Registered Barangay Micro Business Enterprises (BMBEs) need exemptions from local business taxes to propel and maximize entrepreneurship. These local enterprises benefit local government units (LGUs) through employment generation, use of local entrepreneurial skills, raw materials and services and stimulate the local economy of the informal sector into the mainstream economy of the LGU. Republic Act 9178 or the Barangay Micro Business Enterprises (BMBEs) Act of 2002, which declared that it is the policy of the State to hasten the country’s economic development by

editorial encouraging the formation and growth of barangay micro business enterprises needs an amendment – tax exemption from the national agencies concerned. It could be debatable, but these barangay microbusiness enterprises, effectively serve as seedbeds of Filipino entrepreneurial talents, and integrating t h o s e i n t h e i n for m a l sector with the mainstream economy. R ationalizing bureaucratic restrictions, the active intervention of

the government specially in the local level, and the granting of incentives and benefits to micro enterprises could generate much needed employment and thus become a backbone to alleviate poverty. Aside from income tax exemption arising from operations of the enterprise, a proposed law seeks to exempt all BMBEs from all local taxes on business and the LGUs are encouraged to either reduce the amount of other local taxes, fees and charges

imposed or to exempt the BMBEs from other local taxes by amending Section 7 of Republic Act No. 9178. It is only fair and just. Once enacted, the Department of Interior and Local Government (DILG) in consultation with the Department of Trade and Industr y (DTI) and the Depar tment of Finance (DOF) will thenformulate the necessar y rules and regulations. We believe that the active intervention and participation of the LGUs in granting incentives and benefits to BMBEs will help propel the local community’s economy into a sustainable one.

The Power Of Words


he religious and philosophical writer Tulushkin stressed before: “If you can’t go for 24 hours without saying unkind words about others, you have lost control of your tongue!” Joseph Telushkin lectured on the awesome power of words. He suggested taking a revealing “tongue test” to see where you stand. “Monitor your conversaton for two days, “he said. “Note every time you say something negative about someone, who is not present. Also record, when other do so, as well as your reactions when it happens. Do you try to silence the speaker, or do you ask for more details?” Telushkin concludes, “Most of us who take this test are unpleasantly surprised.” Now,

guess why... . I found a good description in Proverbs 6:16-19, relate to the causes and effects of damaging words: “Haught eyes, a lying tongue, habnds that shed innocent blood, a heart that devises wicked schemes, feet those are quick to rush into evil, a false witness who pours out lies (!), and a man who stirs up dissension among brothers!” But also written words can damage. I described it as “aggression’s hotbed” in one of my old columns. Many times, it’s painful to read columns or editorials, where the writer doesn’t care for self-disciple, responsibility, inquisitiveness and respect. We all know, how journalists can mentally shape public opinion, character, life, community and the way

things go. The power of words, written as well as spoken out, is a weapon, which can hurt - or kill! Writing with a wicked pen and having a sharp tongue doesn’t mean that journalists should walk disrespectful through life. Eternal vigilance is the price of freedom, even with a picked pen or sharp tongue. Matthew 12:34 says, “Out of the overflow of the heart the mouth speaks.” “The Place to begin dealing with our words is inside our thoughts about others and us. If we accompany that with a commitment to stop speaking harmful words. We’ve begun a dramatic mid-course correction in life”, another religion writer, Dave McCasland said.

H ave M y Say

By Klaus Doring

C are l e s s w ord s c an really inflict wounds that last alifetime, Kind words can br ing he aling and encouragement. Everything we say has the power to hurt or to heal. Let’s accept that great challenge and let’s think first, before we open our mouth or before we start writing.

By Jhan Tiafau Hurst

Thrown Into The Den Of Wolves

L and you’ll help make him the best he can be.” It reminds me of the true story of 7-year-old Johnny. His school teacher got so tired of him one day she said: “Johnny, you’re the naughtiest boy in this class! Besides that, you’re the dumbest!” The next year Johnny had a different teacher. After the first day of class, his new teacher met with him. She said: “Johnny, I’ve heard a lot about you!” Then she smiled and said to him: “But I don’t believe a word of it!” From the beginning, Johnny’s new teacher treated him as if he was one of the smartest, best behaved students. Well, you guessed it. After just a few months, Johnny became one of the top students in that class. Later on he was made hurst/PAGE 11

IFE’S INSPIRATIONS: “…`I will make mere youths their officials; children will rule over them’…” (Isaiah 3:4, the Holy Bible). -ooo “LAGLAGAN” OVER P10 B PORK SCAM? At the rate things are shaping up relative to the P10 billion pork barrel scam, it looks as if Budget S e cret ar y Florencio Abad, Agriculture Secretary Proceso Alcala, and Secretary Joel Villanueva of the Technical Education Skills Development Authority (TESDA), no longer enjoy the trust and confidence---and therefore, the “protection”--of President Aquino. Why am I saying this? Because, with the latest affidavit of Janet Lim Napoles naming them in the pork barrel scam, together with s ome 20 s enators, 100 congressmen, and other government officials, it is evident that a clearance had been given not only to investigate them, but to even

allow their prosecution, in an obvious but shameful maneuver to shield someone bigger than them. In Filipino, this is called “laglagan”, or, loosely in the English language, putting up a “escape goat” who will take the fall to shield someone from the scam. This is a desperate tactic, of course, but one which is likely to boomerang and cause more trouble for the “shielded one”, especially if Abad, Villanueva, and Alcala decide to talk about what they themselves know about the anomaly. -ooo NAPOLES AFFIDAVIT T H E R E SU LT O F NEGOTIATIONS: Let us not forget that the latest affidavit of Napoles, now duly-signed by her and also notarized by a lawyer, was the result of frenzied negotiations between her and Malacanang and the Department of Justice. The objective in those negotiations was to allow Napoles to become a state

witness in the P10 billion pork barrel case that the Ombudsman is to file with the Sandiganbayan. It is necessary for Napoles to become a state witness, so she could be removed as an accused in the non-bailable plunder case, and therefore be spared of detention while the case is being tried, and of the penalty of life imprisonment after trial. The negotiations, therefore, were all aimed at protecting Napoles at all cost. But, for Napoles to be admitted as a state witness, she had to “tell all” in an affidavit duly signed by her and duly notarized before a lawyer, which was a requirement that no less than Justice Secretary Leila De Lima imposed, before Napoles was subjected to a delicate medical operation at a Makati City hospital. That “tell all” affidavit is the affidavit which Napoles submitted the other day to the DOJ and the Senate. -ooo-

K akampi

Mo A ng Batas

By Atty. Batas Mauricio

THROWN INTO THE DEN OF WOLVES: My instincts as a lawyer and as a mediamen are telling me that this “tell all” affidavit---duly signed and duly notarized by this time---could not have been finalized without it being reviewed, read and reread, and, literally, “combed through” with a fine-tooth comb, as it were---by De Lima and other important government lawyers. It is not possible for Napoles to have named Abad, batas/PAGE 11

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MisOr Vice Governor Joey G. Pelaez Calls DOE and NEA’s Attention: IRR on New Law on Electric Cooperatives Unconstitutional The legacy of the Pelaezes continues even as former Vice President Emmanuel “Maning” Pelaez, known as the Father of Rural Electrification, literally has em-powered the rural areas of the country through rural electrification, making the lives of the Filipino people brighter. Now, the younger generation of Pelaez wants to empower every person, especially the less-privileged, in order to participate in the decision-making of electric cooperatives. A u t h o r e d b y Vi c e Governor Joey G. Pelaez, the

Sangguniang Panlalawigan passed a Resolution doubting the validity of Section 14 of Department Circular 201317-0015 of the Department of Energy (DOE). Department Circular 2013-07-0015 prescribes the Implementing Rules and Regulations (IRR) of Republic Act (RA) 10531, otherwise known as the “National Electrification Administration Reform Act of 2013,” which amended Presidential Decree (PD) 269. Section 11 of RA 10531 inserted a new provision

referred to as Section 26-B to PD 269 which provides for the minimum qualification of a director of the electric cooperative requiring that he or she is a member of the electric cooperative in good standing for the last five years immediately preceding the election or appointment. The Department of Energy, however, in Section 14 of the IRR defined a member in good standing as someone who has no unsettled or outstanding obligations to the cooperative which has not been paid within seven (7) days after the due date.

VICE GOVERNOR JOEY G. PELAEZ temporarily relinquished his post as the Presiding Officer of the Sangguniang Panlalawigan and took the floor to express his doubt on the validity of the IRR of the National Electrification Administration Reform Act of 2013 (RA 10531).

LAMBOMISAMISORIENTAL. Governor Yevgeny Vincente B. Emano delivers his message to beneficiaries of Special Program of Employment for Students (SPES) during their orientation on May 10 at the municipality of Talisayan. The Governor assures that these students will get their salaries after they finish their 20-day summer job.#LamboMisamisOriental

Taken together, according to Vice Governor Pelaez, Section 11of RA 10531 and Section 14 of the IRR, if made to apply in part this year and the succeeding years up to its fifth year of implementation, will certainly violate the constitutional prohibition on the retroactive application of laws. For instance, a memberconsumer who is interested to run this year as director of the board will be required to show that from 2009 to 2014 which is covered in the five years immediately preceding the election this year, he or she has no unsettled or outstanding account which has not been paid within seven (7) days after the due

date. “This should not be because from 2009 up to 2013, the National Electrification Administration Reform Act of 2013 has yet to take effect. Laws must be applied prospectively and should not affect the qualifications and conditions of individuals before the law is ever made,” Vice Governor Pelaez said. Vice Governor Pelaez proposed an amendment to Section 14 of the IRR to clarify that the particular qualification shall apply only after the fifth year of the implementation of RA 10531 or in 2018. The same provision of the IRR is being assailed as absolutely anti-poor, pelaez/PAGE 11

ROTARY CLUB OF CAGAYAN DE ORO RI DISTRICT 3870 Meeting at Seda Hotel, Executive Club Lounge, 11th floor every Thursday

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Bayanihan lives on through Brigada Eskwela


or FDC Misamis Power Corporation, joining the “Brigada Eskwela” for the first time in Villanueva town proved a worthy endeavor. “It was a classic example of the Bayanihan spirit that we Filipinos are known for,” says FDC Misamis Vice President for Project Construction, Engr. Albert De Sagun. FDC Misamis, a subsidiary of FDC Utilities, Inc., is building the biggest power project in Mindanao – a 405-MW Circulating Fluidized Bed coal thermal plant at the Phividec Industrial Estate in Villanueva, Misamis Oriental. The FDC Misamis power plant will utilize state-of-the-art clean fuel technology and is expected to start commercial operations by 2016. FDC Misamis is focused not only on providing Mindanao with much needed power but also realizing its social responsibility to its host community, says De Sagun. In the recently conducted nationwide “Brigada Eskwela” program of the Department of Education, FDC Misamis financed the re-wiring of the electrical connections of the 7 buildings in San Martin Elementary School (SMES) in Villanueva last week. The conventional fluorescent lamps in its 17 classrooms were also upgraded to an energy-saving lighting system. Steel gates and concrete benches were also repainted bright blue, upon request of the school.

FDC Misamis employee-volunteers help make San Martin Elementary School safer for this year’s Brigada Eskwela. Electrical wirings and lighting system were improved in its 17 classrooms. Steel gates and concrete benches were also re-painted as part of the National Schools’ Maintenance Week.

GENUINE VOLUNTEERISM Launched in 2003, “Brigada Eskwela” or the National Schools Maintenance Week is aimed at preparing all public elementary and secondary schools in the country for the formal opening of classes every June. Usually done in the last two weeks of May, “Brigada Eskwela” continues to attract volunteers not just from the community where the school is located but also from the private sector. Various business entities and even the media find the program to be a laudable way of living

out the value of volunteerism. As the saying goes, “Indeed, it takes a village to educate a child.” “With today’s technology, the Bayanihan spirit is no longer as popular or as vibrant. But through “Brigada Eskwela,” I can see that our younger generations have the chance to experience true community service,” De Sagun says. Employees of FDC Misamis used their expertise in inspecting the facilities of SMES and found that there is a dire need to address the hazardous state of the school’s electrical connections. This also

FDC Misamis’ Assistant Project Engineer, Engr. Jane Jelie Dapal, prepares materials for the replacement of the electrical wiring and lighting system in San Martin Elementary School during this year’s Brigada Eskwela. Besides improvement of the electrical wirings and lighting system, the school’s main gates and concrete benches were also re-painted by

FDC Misamis’ Health and Safety Officer, Darwin Talusan (left), and Project Inspector, Engr. Ernest Calubayan (right), replace the electrical wiring and lighting system in San Martin Elementary School during this year’s Brigada Eskwela. Besides improvement of the electrical wirings and lighting system, the school’s main gates and concrete benches were also re-painted by employee volunteers.

FDC Misamis’ Vice President Albert De Sagun turns-over the electrical wirings and lighting fixtures to San Martin Elementary School Principal Ma. Theresa Delegencia. Witnessing is Barangay San Martin Kagawad Alex Cabanday.

electrical connections,” said SMES Principal Ma. Theresa Delegencia. “It was an answered prayer indeed – thank you God for not failing us!” Delegencia also said it was a “great privilege” for pupils, teachers and parAN ANSWERED PRAYER ents that SMES was this The electrical connec- year’s “Brigada Eskwela” tions in all the school’s 7 recipient school. buildings are sub-standard and the safety of over a HEART FOR EDUCAthousand pupils is a per- TION Villanueva Mayor Jupetual concern. “Since I was assigned lio Uy also expressed his principal here at SMES thanks to FDC Misamis three years ago, it has been for participating in this my fervent prayer that year’s “Brigada Eskwela”. “I am grateful for FDC someday God will give us a donor who could fix our Misamis for their particitied in with FDC Misamis’ core business so it was with much eagerness that employees volunteered their expertise in ensuring that SMES would be a safer place for schoolchildren.

pation in this year’s “Brigada Eskwela”. Perhaps, everybody thinks that this annual activity is just cleaning and gardening of our school campuses. With FDC Misamis going beyond the usual expectations, I am truly grateful for their help in making our schools safer and having a heart for education. I am sure that the newlyrewired electrical connections of the 7 buildings in San Martin Elementary School, and upgrading of the conventional fluorescent lamps to energy-saving lighting system, will give our teachers, parents and pupils peace of mind.”

FDC Misamis’ Assistant Project Engineer, Engr. Rene Siraji, prepares materials for the replacement of the electrical wiring and lighting system in San Martin Elementary School during this year’s Brigada Eskwela. Besides improvement of the electrical wirings and lighting system, the school’s main gates and concrete benches were also re-painted by employee volunteers.

FDC Misamis’ Vice President Albert De Sagun leads employee volunteers in San Martin Elementary School during this year’s Brigada Eskwela. Besides re-painting of the school’s main gates, improved electrical wirings and energysaving lighting system were also installed in the school’s 7 buildings and 17 classrooms.

FDC Misamis’ Assistant Project Engineer, Engr. Jane Jelie Dapal (left), and Instrumentation and Controls Technician, Engr. Julito Lastimosa, Jr. (right), replace the electrical wiring and lighting system in San Martin Elementary School during this year’s Brigada Eskwela. Besides improvement of the electrical wirings and lighting system, the school’s main gates and concrete benches were also repainted by employee volunteers.

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Losses... from page 1

are now online, many small scale businesses cannot wait for March 2016 when they start coming online. “It’s important the problem be addressed immediately. The problem is who is in charge of the power crisis? We don’t know who is accountable and responsible,” Ms. Alegrio said. “This was the same scenario in 2010. And our new capacities are only good for three years. After that we will again have shortage especially during the dry season. We have to look at long term solutions to this problem.” During the stakeholders forum in Davao, the PSALM/ NPC reported that as of May 20 the water level of Lake Lanao stood at 699.51 meters, barely 36cm above the critical level of 699.15 meters when the hydro plants would have to be shutdown. Ms. Alegrio said most of the hydro plants in the Agus complex are derated or producing their installed capacity mainly because of old age since many were built during the 1960s and 70s. The Ma. Cristina plant (Agus 6) with an installed capacity of 200 megawatts (MW) is producing less than 100MW with many other hydro units not operational because of the lack of spare parts. “Government is not keen on spending for plants slated for privatization. Although the privatization of the AgusPulangi complex has been deferred, PSALM remains cautious. The NGCP has forecast a peak demand of 1,400MW for this year but the island’s power plants can only produce a peak supply of 1,200 MW, Ms. Alegrio noted. PSALM recently awarded to ITP C onstr uc tion a P438-million contract to replace a unit of the Agus 6 plant which consists of two units with combined capacity of 50 MW and three units with total capacity of 150 MW. Last December, PSALM also awarded a P1.59-billion contract to

rehabilitate two units of the Agus 6 to a consortium of ITP and China-based Guangxi Hydroelectric Construction Bureau. Rehabilitation works have been set to start this October and completed by the second quarter of 2016. The project aims to increase the output of the first and second units of the Agus 6 from 25 MW to 34.5 MW each. Meantime, none of the government’s ballyhooed modular gensets acquired by electric cooperatives are yet operational due to pending approval of the units power rates at the Energy Regulatory Commission (ERC), Ms. Alegrio reported. A May 5, 2014 report compiled by the Association of Mindanao Rural Electric Cooperatives (AMRECO) shows that seven cooperatives are acquiring modular gensets totalling 48MW, another six coops are considering acquiring them (total capacity : 20MW) while another three have acquired them privately (total capacity: 42MW) but have been unable to start operations to date due to the rate applications still pending with the ERC. Meantime, the planned P 2 4 - b i l l i o n Vi s ay a s Mindanao interconnection project has been moved further to 2020 since initial findings show the Surigao del Norte interconnection point to be not feasible due to the 10 kilometer depth of the seabed. The NGCP is initiating another study to investigate alternative sites.

Whale... from page 1

Tandawa, who headed the response team said “It was good that Therma Marine quick ly to ok charge of protecting the whale and preventing it from being butchered since the meat is poisonous to humans”. A mekesift floating shelter was set up by fishermen and personnel from nearby Therma Marine power plant where the whale rested for the better part of Thursday. As of 5pm Thursday after some hydration and care

for its wounds, the whale was strong enough and was allowed to swim back to the sea, said Wilfredo Rodolfo, communications manager for Aboitiz Power Corp., the parent company of Therma Marine. After the whale was found, Therma Marine team members together with the local coast guard immediately notified concerned authorities. Pygmy sperm whales are found in tropical waters. Although they are believe to prefer deep waters, a pair of these pygmy whales have been spotted for years swimming around Maco area. Therma Marine also maintains a marine sanctuary near its floating power barge, which became a haven and breeding ground for various fish species and corals. As of Thursday afternoon, BFAR reported that after hydrating the whale, it was strong enough to swim back into deep waters unlike earlier where it preferred to stay in the shallow areas. BFAR, assisted by Therma Marine, continues to monitor the waters should the whale re tu r n and ne e d more assistance. “Despite the extreme odds, we were overjoyed to see the whale finally swim back to deep water. It was heartwarming to see our neighbors in Brgy. San Roque, the coast guard, BFAR and our Therma Marine team members all working together to save a life,” said Pablo Suarez, operations manager of Therma Marine Mobile 1. Therma Marine operates two floating barges, one in Maco and the other is Nasipit, Agusan del Norte. The two barges combine for 200-MW. It delivers some 22 electric cooperatives and distribution utilities in Mindanao, helping them cushion the effects of the acute power shortage in the island.

Brownouts... from page 1

relations of the Cagayan Electric Power & Light Co. (CEPALCO) during a May 23 meeting called by the Cagayan de Oro City Council

Committee on Energy chaired by Kag. Teodulfo Lao, Jr. to discuss the power situation. Chavez said CEPALCO’s hourly allocation as of last Friday at 1PM had risen to 75 megawatts (MW) compared to only 54MW for the same time a week ago, or an increase of +21MW or 39 percent. “That’s a big improvement and that’s why we did not implement the brownouts. Even if we exceeded our allocation by 15MW, the National Grid Corporation of the Philippines (NGCP) did not ask us to shut off. Although we have no official word from NGCP but there’s reportedly been an improvement in the production of the Agus plants, probably because of the rains,” she added. Chavez added that they expect the power supply situation to improve further this week once the first unit of STEAG State Power Inc.’s (SPI) 105MW plant gets back online. “Unit 1 w i l l b e operational by June 1 and recommissioning will be done this Sunday for Boiler No. 1,” said Ma. Teresa R. Alegrio, community relations manager of SPI at the May 23 meeting called by the Cagayan de Oro City Council Committee on Energy chaired by Kag. Teodulfo Lao, Jr. to discuss the power situation. “Barring any complications to our turbines, we hope to be online before June 1.” The power plant’s turbines suffered extensive damage during an accident last February 27 which sent it offline for protracted repairs. Unit 2 went back online earlier this month, partly relieving the critical power supply situation in Mindanao. “ We h op e t h i s w i l l continue and with the good news coming from STEAG anytime next week the additional 105MW will be onstream, that’s really welcome news because that could also mean our allocation would also increase,” Chavez noted. Howe ver, she added that CEPALCO would still continue posting its rotating brownout schedules since NGCP could shut it off

anytime once the Mindanao grid goes critical. “Although we are not cutting off power as announce d exac t ly but anytime NGCP calls us to shut off, those who are on the schedule will be the one interrupted. Normally during weekends our loads are manageable because most offices are closed and some industries also don’t operate during weekends,” she said.

CebuPac... from page 4

with flights coming directly and connecting from the Arabian Peninsula to secure from the Bureau of Quarantine a health checklist and ensure dissemination of the said checklist to all passengers on board the aircraft prior to their disembarkation. “This advisory issued to stress the importance of the Health Checklist in preventing


the spread of the Middle East Respiratory Syndrome -Corona Virus (MERS-CoV) in the Philippines; and to assist the BOQ, through, the Medical Quarantine, in intercepting passengers possibly infected by the said disease,” CAB said. In October last year, Cebu Pacific began its ManilaDubai service, the airline’s first Middle East route. There are over half a million Filipinos working and living in the United Arab Emirates. T h e G o k on g w e i - l e d airline posted a net income of P164.164 million in the January to March period, down by 85.8 percent from the P1.157 billion in the same three months of last year. Revenues of P11.76 billion however were 11.6 percent higher than the P10.54 billion in 2013. Passenger revenues amounted to P8.85 billion, up 8.3 percent from P8.17 billion last year.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City Branch 22 OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE File No. 2014-102 Upon Extra-Judicial petition for sale under Act 3135 as amended filed by RURAL BANK OF BALINGASAG , INC., mortgagee, with office address at Rizal corner Malvar Streets, Poblacion 5 ,Balingasag , Misamis Oriental against DAISY L. ZAMORAS, mortgagor/s, of legal age, Filipino/s with postal address at Bobontugan, Jasaan, Misamis Oriental , to satisfy the mortgaged indebtedness which was as of February 28, 2014 amounts to FOUR HUNDRED FIFTY FOUR THOUSAND FORTY SEVEN PESOS and 37/100 ( Php 454,047.37) Philippine Currency including interest & penalty charges, excluding attorney’s fees and expenses of foreclosure, the undersigned sheriff will sell at public auction on July 21, 2014, at 10:00 a.m to 4:00 p.m or soon thereafter at the RTC Branch 22 office, Arch Hayes St., Cagayan de Oro City , to the highest bidder, for CASH and in Philippine Currency, the herein described property and all improvements thereon to wit : TAX DECLARATION NO. 08-11-0004-05256 A PARCEL OF RESIDENTIAL LAND, with all improvements thereon , Lot no. 1226-B-1, situated at Bobontugan , Jasaan, Misamis Oriental , registered in the name of Daisy Zamoras, containing an area of TWO HUNDRED EIGHTY NINE (289) square meters more or less. Prospective buyers/ bidders may investigate for themselves the title of the herein described property and encumbrances thereon, if any there be. All sealed bids must be submitted to the undersigned on the above stated time and date. In the event the public auction should not take place on the said date, it shall be on the next working day without further notice. Cagayan de Oro City, May 20, 2014.



BWM: May 28, June 4 & 11, 2014

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Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region BRANCH 07 Tubod, Lanao del Norte DANTE M. COLANZE, Petitioner,

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- versus -

MARYZZA CERBO PADERNAL- COLANZE, Respondent. x- - - - - - - - - - - - - - - - - /


- for -



SUMMONS BY PUBLICATION TO: MARYZZA CERBO PADERNAL-COLANZE G R E E T I N G S! WHEREAS, on April 21, 2014, the Court issued an order granting the petitioner’s Motion for Leave of Court to Serve Summons by Publication, the dispositive portion of which reads as follows: “WHEREFORE, the Motion is hereby granted, and that the petitioner is hereby ordered to serve the summons by publication at his own expense.”



WHEREAS, Petition reads: PETITION

PETITIONER by undersigned counsel unto this Honorable Court most respectfully alleges: 1. 2.

That Petitioner is a Filipino, of legal age, married, resident of Austin Heights, Poblacion, Kolambugan, Lanao del Norte; That Respondent is a Filipino, of legal age, married to Petitioner but whose whereabout is unknown and cannot be ascertain by Petitioner; STATEMENT OF FACTS

3. That sometime in year 1994, Petitioner met Respondent in Iloilo City while the cargo ship where he was a crew was on port for 30 days waiting for the cargoes of cement to be unloaded. Respondent and her parents used to live in a makeshift house at Zone 1, Calumpang, Molo, Iloilo City, built on a rented lot; 4. That Petitioner had no intention of courting Respondent as he found her younger sister more attractive than her and of his age however it was Respondent who entertained him when he visited their place and would even follow him to Manila thus they developed some kind of mutual understanding that after 3 months of acquaintance they got married in a civil ceremony in Iloilo City on April 26,1994, attached hereto is a copy of the Certificate of Marriage marked as Annex “A”; After the wedding respondent boarded the vessel together with Petitioner. It was then that Petitioner was confronted with the true character and behavior of Respondent; in any misunderstanding and conflict of opinion they had or when she was agitated, she would slash her wrist with any pointed or sharp object or bit Petitioner on his arms, or shouted expletives and cussing out Petitioner for not doing things she wanted it to be thereby causing great embarrassment to Petitioner since they can be heard of the other crew occupying the adjacent cabins. Petitioner came to realize that her kind of behavior is not only recent but this was with her even before the marriage as she was fond of wearing 3/4 sleeves tops and saw her many scars on her arms to; Then more than a month after their wedding, Petitioner decided to take his newlywed wife to his hometown in Kolambugan, Lanao del Norte since his contract of employment was finished; 6. That at the prodding of his father, he built a house on his father’s lot however he renewed his contract for six (6) months after he ran out of money leaving Respondent behind but after he finished his contract he decided not to renew the contract with the inter-island cargo vessel as he wanted his wife to get pregnant; 7. That his parents wanted them to have a church wedding; during their application for religious ratification of their marriage, when it was required of Respondent to submit her Birth Certificate, she admitted to Petitioner that her name was not MARIZZA as what she made him to believe but NENITA and that she was not born in the year 1963 but in the year 1958. Although aware of her misrepresentation, Petitioner decided to push through with their church wedding at the Holy Cross Parish, Kolambugan, Lanao del Norte on January 28, 1995, attached hereto is a photocopy of the Certificate of Marriage issued by the Parish Priest, marked as Annex “B”; 8. That Respondent’s behavior worsen. Petitioner felt more humiliated since respondent exhibited her temper tantums without qualms or reservation even if his family or neighbors could witness her making a scene; in almost all of this kind of situation Petitioner chose to keep quiet and maintain a distance until Respondent’s anger died down. 9. That after almost year of staying in Kolambugan, Lanao del Norte, Petitioner decided to relocate at Iligan City, renting a house at Tominobo, Tomas Cabili. His main occupation was as driver operator of his passenger jeepney with Respondent being tagged along acting as his conductor. Respondent’s behavior did not only remain the same but this time she would throw his daily collection when she got mad over minor or nonsense issue like when



she wanted to eat and was told to wait for a while. Twice at the height of her anger Respondent tore her clothes rendering her almost naked and at one instance threw a knife at him but missed. Petitioner decided to work as a seaman abroad and went to Manila to apply for deployment in September 1995; Respondent followed after a month and stayed in rented a room. After a week, they started fighting again as Petitioner could not adjust to her behavior like when she wanted him to buy fruits and when he arrived and explained to her why he was a late, she would bit him. That on the last week of October 1995 he embarked on a vessel; After selling the jeep for P120,000 minus the price of the TV set they bought and his expenses in processing and applying for an overseas job, he left her the amount of P50,000. Respondent went back to Iligan City together with her younger sister whom he requested to keep company of Petitioner while he was on board the vessel. Petitioner later learned that she and her sister were engaged in an ambulant store selling drinks and liquor displaying their goods during night time in Iligan City; That while on board the vessel, he received a letter from her sister Cherrie C. Seneriches who was working at the then PCIBank and now BDO; she informed her that she saw his wife together with a man every time she withdrew her allotment from the bank; He had no way of confronting Respondent as the means and mode of communication at that time was not as sophisticated as nowadays. That he disembarked after finishing his one (1) year contract and returned to Iligan City in October 1996 but only to find out that Respondent was no longer living at their rented house and all their personal belongings were gone. He looked for her in the city but their friends could not give a definite answer; that at one time when he entered an eatery, a woman approached him and told him that she knew him to be the husband of Respondent and told him that Respondent went with another man who wooed her with flowers and gift and who fetched her regularly at the place where she displayed their goods and that she drove out her sister, the latter went back to Iloilo City; some told him that she went with a Muslim guy in Marawi City. He simply had no idea of the whereabout of Respondent from then on. Even his brother Amancio Jr. when they saw each other aboard a vessel of Negros Navigation taking the Cagayan-Manila route where the former was working as a security guard of the vessel, he thought all the while that Respondent was still in Iligan City but Petitioner told him of what happened; her brother could not offer any categorical answer as to the whereabout of Respondent. Petitioner gave up his search and went back to work as a crew of international cargo vessel. Since October 1996, until at present Petitioner had not heard of any news about Respondent and her family; Respondent did not even try to contact his parents in Kolambugan, Lanao del Norte as Petitioner had been most of the time working on board a vessel. She simply was not interested in honoring and fulfilling her marital obligation to Petitioner. That for almost 18 years after Respondent left with no trace, Petitioner now comes to this Honorable Court seeking the nullity of their marriage. CAUSES OF ACTION

16. Plaintiff hereby incorporates the foregoing allegations by way of reference; 17. That Respondents attitude and behavior are constitutive of Psychological Incapacity under Article 36 of the Family Code of the Philippines as it prevents the Respondent to comply with her bounden-duty to observe mutual love, respect and fidelity and render mutual help and support. 18. That the root cause of respondent’s psychological incapacity could be traced to her upbringing in life. Hence this petition. PRAYER


WHEREFORE, premises considered, it is respectfully prayed of this Honorable Court that after due notice and hearing, the instant petition be granted thereby declaring the marriage of Petitioner and Respondent an absolute nullity on the ground of Respondent’s psychologically incapacity to perform her marital obligations with Petitioner. Such other reliefs just and equitable under the premises are likewise being prayed for April 14, 2014, Tubod, Lanao del Norte.

Italpinas... from page 1

Kuala Lumpur, Malaysia. Italpinas won for its flagship project, Primavera Residences, the first condominium development in Northern Mindanao that highlights passive design features to help solve common property-related environment issues. Italpinas is one of 47 category winners chosen by the award-giving body to represent the Asia Pacific region in the International Property Awards, where regional winners from the Asia Pacific, Europe, Africa, Arabia, UK, and the Americas compete against to determine the “world’s best” in each c ategor y. Inter nat iona l Property Awards, considered a world-renowned mark of excellence wherein judging is carried out by a panel of 70 property experts, will be held in Dubai this December. “We are very happy to have won this award. It’s an opportunity to promote the benefits of sustainable development and highperformance design,” says architect Romolo V. Nati, chief executive officer of ITPI Corp. Located in Cagayan de Oro, Primavera Residences features cantilevered edges and brise soleil shades that block the heat from the sun’s rays before they hit the buildings’ windows, therefore, helping to reduce the building temperature. Primavera Residences also features an inner courtyard that lets natural light come into the buildings while creating a funnel effect that allows air to come in the towers and criss-cross from unit to unit, giving a cooling effect. The property is located in the Pueblo de Oro Business Park of Cagayan de Oro City,

110 meters above sea level, protecting the property from floods.

Issues... from page 2

Assessment and Operations Coordinating Group of the Bureau of Customs, who wi l l sp e a k on c ustoms reforms toward greater trade facilitation. Uvero will brief conference delegates on new BOC measures in place to cut red tape, combat corruption and smuggling. Mindanao Shipping Conference 2014 is supported by Smart Infinity (Gold Sponsor); Fast Logistics and Seda Centrio (Bronze Sponsors); and Isuzu (Exhibitor). Conference partners are the Cagayan de Oro Chamber of Commerce, Phividec Industrial Authority, PIEMO Industries Association, Philippine Exporters Confederation (Region X), and Philippine International S e a f r e i g ht Fo r w a r d e r s Association.

Adopts... from page 2

commodities with potentials for expansion and valueadding activities,” he added. Taking-of f f rom the Mindanao Rural Development Program’s (MRDP) bigticket projects, PRDP will continue to assist farmer organizations’ capacities to expand production of raw materials into high-value processing. A m o n g t h e M R D Passisted projects that will be supported under PRDP include cassava processing in Banga, South Cotabato. The cooperative is now supplying dried cassava chips to a nearby feed processor. In Kapalong, Davao del Norte, a cooperative processes bananas rejected for exports

into banana flour and supplies food processors. In Zambonga Peninsula, rubber is being processed into higher-value crumb rubber for export. PRDP will assist so that rubber exports do not need to be re-certified in Malaysia. “M R D P h a s h e l p e d augment their capacities and incomes. In PRDP, we want to see more of these enterprises not only in Mindanao but across the country,” De Mesa said. H e s a i d VC A a l s o promotes public-private partnership by presenting opportunities for private sector investment to make agricultural production and processing a viable business. Initial government and private sector partnership include the development of 3,000-banana plantation in conflict-affected areas in Maguindanao and Lanao del Sur. De Mesa said PRDP is also partnering with another private company in settingup of cacao demonstration farms and nurseries as well as plantations in the provinces of Davao del Norte, Davao Oriental, Palawan, Southern Leyte, and Bohol. (Noel T. Provido/DA-MRDP/PIA)

Tops... from page 5

being offered. The BSP assessed previously that the industry apparently has breached the 20 percent cap of banks’ total loans allotted to the property sector. But this, assured BSP officials, is not something to worry about yet. By BSP definition, real estate activities are activities that include construction and development of real estate projects as well as other ancillary services like buying and selling, rental and management of real estate properties. This is a wider definition from the original circular which limits real estate activities to the acquisition, construction and improvement of real estate property. As part of prudential measures, banks are imposed a 20 percent limit of its total loan portfolio as credit to the real estate sector.

Atty. DOROTHEA SALIGAN-BASALO Counsel for the Petitioner Poblacion, Tubod, Lanao del Norte” NOW THEREFORE, the above-mentioned Respondent is hereby summoned and required to file with the Clerk of Court, Regional Trial Court, Branch 07, Tubod, Lanao del Norte, Philippines, his ANSWER to the abovequoted petition within sixty (60) days from publication of the summons and to serve copy of the said answer upon petitioner’s counsel at his given address indicated in the petition. Respondent is further reminded of the provision in the IBP-OCA Memorandum on Policy Guidelines dated March 12, 2002 to observe restraint in filing a Motion to Dismiss and instead allege the grounds thereof as defenses in the Answer.

Tubod, Lanao del Norte, May 5, 2014.

(Sgd.) ATTY. MARIA PTV ZALSOS-UYCHIAT, CPA Clerk of Court VI BWM May 14, 21 & 28 2014

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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Batas... from page 6

Abad, Alcala and Villanueva, as participants in the pork barrel scam (and more so Abad, whom she named as her “mentor” who taught her how to deal with pork barrel funds using nongovernmental organizations) without De Lima and other government lawyers having first read---and, therefore, consented---to the inclusion of the three in the affidavit. It is not also possible for the names of Abad, Alcala and Villanueva to have been included by Napoles, without such inclusion having been first cleared by Malacanang. Clearly, therefore, if Abad, Alca la and Villanue va, were implicated by Napoles in the pork scam, it was only because that was first cleared by Malacanang and the DOJ. Thrown into the

Pelaez... from page 7

discriminatory and unreasonable which would readily disqualify any poor member-consumer from running as director of the board, discriminating him/ her from rich memberconsumers who can p ay i m m e d i at e l y t h e i r obligations. As such, it violates the due process clause and the equal protection clause inscribed in the Constitution. “In rural areas, majority of the stakeholders in Electric Cooperatives come from our brothers and sisters who have less in life. If we will unreasonably disqualify them from running as a director in the board due to the inconsiderate span of time and ver y short leeway, we will miss to

With the resolution, the Sangguniang Panlalawigan of Misamis Oriental is urging the Department of Education (DOE) and the

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All sealed bids must be submitted to the undersigned on the above stated 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 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 21, 2014. FOR THE EX-OFFICIO PROVINCIAL SHERIFF (Sgd.) NIZA P. TACANDANG Sheriff IV



C.M. RECTO Fly-over

SHELL Station







Republic of the Philippines Province of Misamis Oriental Municipality of Initao -oOoNOTICE TO THE PUBLIC

(Sgd.) ROGELIO V. PALOMAR Municipal Civil Registrar

Tax Declaration No. 9406211 A PARCEL OF LAND, with all improvement thereon, situated at Lingangao, Balingasag, Misamis Oriental. Bounded on the North, by Lot # 001 ; South, by Lot # 044 & 007; East, by Lot 030 and on the West by Lot # 002, registered in the name of Jonas Villanueva, containing an area of three thousand one hundred seventy two ( 3,172) square meters.


CONTACT US: 72-33-44 | 856-3344 | 74-53-80 | 857-8447

In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. _________ Guidelines in the Implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A. 10172). Notice is hereby served to the public that Dan Acenas Marban has filed with this Office a petition for correction of entry in his date of birth from “June 30, 1962” to “July 30, 1962” in the certificate of live of Dan Acenas Marban at Kinogitan, Misamis Oriental and whose parents are Jesus Marban and Paterna Acenas. Any person adversely affected by said petition may file his written opposition with this Office not later than ____________.

Tax Declarartion No. 9401697 A PARCEL OF LAND, with all improvement thereon, situated at Balagnan, Balingasag, Misamis Oriental. Bounded on the North, by Mamancol Creek; South, by Kibongol Creek; East, by V. Villanueva and on the West by Americio Villamor, Didi Arenas, registered in the name of Jonas Villanueva, containing an area of twenty nine thousand eight hundred seventy ( 29,870) square meters.


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Tax Declaration No. 9401704 A PARCEL OF LAND, with all improvement thereon, situated at Balagnan, Balingasag, Misamis Oriental. Bounded on the North, by Isabelo Villanueva; South, by Isabelo Villanueva; East, by Jonas Villanueva and on the West by Senon Mangaycay, registered in the name of Jonas Villanueva, containing an area of four thousand one hundred forty three (4,143) square meters.


C.M. RECTO Fly-over Bangko Sentral


Upon extra-judicial petition for sale under Act 3135 as amended, filed by RURAL BANK OF BALINGASAG, INC., Mortgagee, against SPS. JONAS VILLANUEVA and LAZARITA VILLANUEVA, Mortgagors, with postal address at San Isidro, Balingasag, Misamis Oriental, to satisfy the mortgage indebtedness which as of February 25,2014, amounted to THREE HUNDRED FORTY SIX THOUSAND FOUR HUNDRED FORTY TWO PESOS AND 50/100 (Php 346,442.50) including of interest and penalties but exclusive of interest and other charges which may accrue after said date; ten percent ( 10%) attorney’s fee and all other necessary expenses incident to the enforcement of the sale, the undersigned sheriff will sell at public auction on June 20, 2014 at 9:00 a.m. to p.m., at the Regional Trial Court, Branch 18,Room 117,Hall of Justice, Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the following properties described below including below including all existing improvements found thereon, to wit:


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CFN- 0023-2014 R.A. 10172 Date : May 16, 2014 In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Order No. 1 Series of 2012 ( IRR on R.A. 10172), Notice is hereby served to the public that LIEX T. SANDOVAL has filed with this Office , a petition for change of first name from “ “ to “ “ and correction of entry in sex from “FEMALE” to “MALE” to “ or correction of entry in the date of birth from “ “ to “ “ in the certificate of live birth of LIEX TOMON SANDOVAL at Initao, Misamis Oriental and whose parents are PASTOR C. SANDOVAL and AMPARO L. TOMON. Any person adversely affected by said petition may file his written opposition with this Office not later than June 20, 2014. (Sgd.) ISAIAS A. JARALES Municipal Civil Registrar BWM: May 28 & June 4, 2014

Republic of the Philippines SUPREME COURT 10TH Judicial Region 1ST MUNICIPAL CIRCUIT TRIAL COURT BALINGOAN-TALISAYAN Misamis Oriental -oOo-


BWM: May 28, June 4 & 11, 2014


Publication Notice R.A. 10172



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a reasonable and pro-poor requirement/qualification in accordance with law and the Constitution for the directors of electric cooperatives.

DANTE - 09177121424

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch I8 Cagayan de Oro City

National Electrification Administration (NEA) to immediately hold in abeyance the Implementing Rules and Regulations to reflect


a school prefect and leader! That’s the power of our love, belief, and encouraging attitude toward our children. You see, that’s how God loves and believes in you and the abilities He gave you. So won’t you ask Jesus Christ to take charge of your life today, and every day of your life? He’s the One Who will help you become your best. He’ll also help you to love and expect the best from others. Just Think a Minute…

hear important voices that represent the majority,” Vice Governor Pelaez expressed. Vice Governor Pelaez proposed that the same section of the IRR define an unsettled or outstanding obligation as an account which has not been paid within thirty (30) days after the due date instead of the existing seven (7) days after the due date which is clearly unreasonable. “Vice President Pelaez has exerted great time and effort to realize his vision of putting electricity in every Filipino home. Now, his vision has become a reality. I would like to deepen and nurture his vision by allowing those who are less-privileged members of the electric cooperatives to significantly participate in the decision-making and know the status of their cooperative,” Vice Governor Pelaez said.


from page 6

den of wolves, these three surely have been! -ooo REMINDERS: Please tune in: “Tambalang Batas at Somintac sa DZEC”, at 1062 kHz on the AM band, Mondays to Fridays, at 6 a.m., simulcast, real time, over; “Kakampi Mo Ang Batas sa Radyo Trabungko FM”, at 103.7 mHz in Don Carlos, Bukidnon, Mondays to Fridays, at 7 a.m.; and “Kakampi Mo Ang Batas sa DYKA” at 801 kHz on the AM band (Panay Island), Mondays to Fridays, at 10 a.m.




FIRST COMMUNITY COOPERATIVE CIVIL CASE NO. 06-226 (FICCO) BALINGOAN BRANCH as Rep. by it’s Branch Manager, Plaintiff, -versus- FOR: SPS. JOSE/REBECCA ABCEDE, MARITES COLLECTION OF SUM OF RONDINA & ELVIRA PADLA MONEY AND DAMAGES AND ATTORNEY’S FEE Defendants. X-------------------------------------------------/ NOTICE OF SALE ON EXECUTION OF REAL PROPERTY WHEREAS, by virtue of an Order dated April 11, 2012 and Writ of Execution dated April 24, 2012 issued by the Honorable Emmanuel W. Paderanga , Presiding Judge , Municipal Circuit Trial Court of Talisayan-Balingoan, Misamis Oriental, in Civil Case No. 06-216 wherein FIRST COMMUNITY COOPERATIVE ( FICCO) Balingoan Branch as represented by it’s Manager is the plaintiff and SPS. JOSE/REBECCA ABCEDE, MARITES RONDINA & ELVIRA PADLA are the defendants for the Collection of sum of Money in the amount of SEVENTY SIX THOUSAND THREE HUNDRED SIXTY ONE AND 32/100 PESOS (P 76,361.32) computed in accordance with promissory notes included therein the attorney’s fee, related litigation expenses and excluding the expenses in connection with this Writ and Auction Sale, levy was made on February 19, 2014, by the Sheriff of Regional Trial Court-Office of the Clerk of Court, Medina ,Misamis Oriental which are more particularly described as follows: TAX DECLARATION NO. 08-06-0008-04562 Property Identification No. 052.06.0008.008.05 A PARCEL OF AGRICULTURAL LOT, situated at Mimbuahan, Sugbongcogon, Misamis Oriental, island of Mindanao. Boundaries are as follows:

North : East :

Lot 01 ( 1774C) Lot 06 & Lot 24 of SEC. 007 ( 1772P)

South : Lot 04 ( 1775 PART ) West : Lot 01 ( 01 ( 1774C)

Containing an area of EIGHT THOUSAND EIGHT HUNDRED THIRTEEN ( 8,813) square meters Agricultural Lot with the total assessed value of Thirty Five Thousand One Hundred Ten Pesos ( P 35,110.00) in the name of JOSE ABCEDE residing Calubo, Kinoguitan, Misamis Oriental. NOW, THEREFORE, by virtue of said Order of Execution and in accordance with Rule 39 Section 18, of the Rules of Court, the Sheriff of Regional Trial Court – Office of the Clerk of Court, Medina, Misamis Oriental will or by deputy sell at public auction to the highest bidder for CASH and in Philippine Currency, on June 18, 2014 at 10 o’clock in the morning or soon thereafter , at Regional Trial Court- Office of the Clerk of Court Building, Medina, Medina, Misamis Oriental the above-described properties in order to satisfy said Order of execution, together with the interests, costs, sheriff’s fees and expenses of Sale.

Medina, Misamis Oriental, Philippines, February 19, 2014.

BWM: May 14, 21 & 28, 2014


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