BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 156
Market Indicators As of 5:10 pm May 30, 2017 (tuesday)
FOREX
PHISIX
US$1 = P49.800
7,860.77
X Briefly
3.9
25.26
cents
points
X
More investments METRO Pacific Investments Corp. (MPIC) is pushing through with a major investment in Mindanao despite escalating tension in line with the broader expansion of the infrastructure conglomerate’s operations. MPIC Chairman Manuel V. Pangilinan told reporters that while the clashes between the armed forces and members of an Islamist militant group is a “cause for concern,” the investment in Mindanao “will proceed.” “We need to understand the situation. We need to have faith in the country and the leadership as well,” Mr. Pangilinan said on the sidelines of MPIC’s stockholders’ meeting on Friday in Makati City.
More CebuPac routes THE Philippines’ leading airline, Cebu Pacific adds five new routes to its inter-regional network, connecting more islands from Mindanao to Visayas to the rest of the archipelago. The new routes stem from requests from stakeholders, particularly in Mindanao, to improve connectivity of key cities. Starting July 26, 2017, CEB wholly-owned subsidiary Cebgo will fly three times weekly (Monday, Wednesday, and Friday) between Cebu and Masbate, Davao and Dumaguete, and Zamboanga and Cotabato. Cebgo will also begin flying four times a week (Tuesday, Thursday, Saturday, and Saturday) between Cagayan de Oro and Zamboanga, and Davao and Tacloban on July 27, 2017. The new routes will be serviced by the Cebgo fleet of ATR aircraft.
Tax reform THE comprehensive tax reform program being counted on by the government to fund its ambitious infrastructure plan has made it to plenary debate at the House of Representatives. Ways and means committee chairman Rep. Dakila Carlo E. Cua endorsed the Committee Report No. 229 containing House Bill (HB) 5636 or the proposed Tax Reform for Acceleration and Inclusion during yesterday’s session presided by Deputy Speaker Romero Federico S. Quimbo. In his sponsorship speech, Mr. Cua pitched the salient features of the tax reform bill such as the lowering of personal income taxes and the revenue that will be generated from the package intended for social welfare and infrastructure programs of the administration.
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By MARK FRANCISCO, Staff Writer
E
VEN the country’s economic managers have expressed concerns over the brewing skirmishes in Marawi City saying the ongoing unrest is a “serious crisis” that could have adverse impact on the economy. Socio-economic Planning Secretary and NEDA chief Ernesto M. Pernia said that although the country’s economic fundamentals remain strong and resilient, the crisis may drag down the gains that the country had lately achieved. He said that its impact its impact on the economy would largely depend on how crisis/PAGE 11 GHOST CITY. Troops from the Philippine Marines take position as government forces continue to battle local terror group Maute in Marawi City, as residents left their houses making the city a virtual “ghost town.” photo by gerry lee gorit
Marawi City fighting displaces 14,353 families, says NDRRMC
RELIEF GOODS. Xavier University volunteers are busy repacking food packs to be distributed to Marawi City evacuees. photo by mark francisco
Oro youth rolls out waste segregation campaign at the barangay level
HEAVY fighting between government security forces and the Maute Group in Marawi City has so far displaced a total of 14, 353 families or around 70, 953 persons in Region 10 and the Autonomous Region in Muslim Mindanao (ARMM) as of May 29, National Disaster Risk Reduction and Management Council
This early, around 60 volunteers from barangays L apasan and Patag are already mapping several projects for their one-year calendar in relation to Solid Waste Management Act implementation in their respective villages, mostly educational drives. The youth will be assisted by an organization aptly called campaign/PAGE 11
Jalad also reported that eight houses were burned in Marawi City since skirmishes started on May 23. The series of encounters with the terrorists stemmed from militar y efforts to apprehend Abu Sayyaf leader Isnilon Hapilon, a known ally of the lawless group, in Marawi City. marawi/PAGE 11
Family of Maute hostage hopeful for safe release
By MARK FRANCISCO, Staff Writer
THE youth in Cagayan de Oro will assist the government in the strict implementation of the Solid Waste Management Act at the barangay level. But for now, the project initiated by the City Local Environment and Natural Resources Office (CLENRO) and a local non-government organization (NGO) will be pilot-tested in two barangays for a year.
(NDRRMC) Executive Dire c tor Ricardo Jalad reported to Defense Secretary Delfin Lorenzana. Of these, some 2, 318 fami lies or 10,778 individuals are now staying in 20 evacuation centers while the remaining 12, 035 families or 60, 175 persons are with their relatives and friends.
By CHRIS V. PANGANIBAN, Contributing Editor
Picture of the kidnap victim Archilly Abao posted on Facebook by her sister Malou to appeal for help for her safe release.
SAN FRANCISCO, Agusan del Sur -- The family of a school staff who were among those abducted by Maute terrorist group in the Marawi siege is still hoping for her safe release seven days after their captivity. Malou Abao, younger sister of kidnap victim Archilly Abao who works as a staff of a principal of
Dansalan College Foundation, said her mother Cecillia Abao Caldeo and the rest of family members , even though they were worried and sleepless, are hopeful with the divine intervention for her freedom soon. “God will deliver her from harm because she is righteous and we have strong faith with hostage/PAGE 11
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Surigao Norte traders to avail of DTI’s ‘Mentor ME’ program SURIGAO City – The Department of Trade and Industry (DTI) launched recently its tie-up program dubbed “Mentor ME” in Surigao del Norte. The Mentor ME (Micro Entrepreneurs) program is one of the initiatives under the Kapatid Project jointly developed by the DTI and the Philippine Center for Entrepreneurs (PCE). The said program provides mentoring sessions on dif ferent asp ects of business management to 20 selected emerging micro-entrepreneurs in the province. Successful and experienced entrepreneurs will stand as mentors for them and will also share and discuss the correct
business mindset and values as effective gears that would enable them not only to scale up their enterprises but also enhance the level of their products/services’ competitiveness for business sustainability. A free business seminar with series of mentoring sessions was held during the launching of the Mentor ME program on May 4, 2014 in Hotel Tavern, this city. The Mentor ME program will run for 12 weeks that commenced on May 4 and will culminate on July 20, 2017. Modules discussed are P ro du c t D e v e l o pm e nt , Marketing, and Operations Management that will cover the basic functional areas of program/PAGE 11
Economy
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SSS reduces retirement age for surface, mineworkers B U T UA N C i t y - The Social Security System (SSS) reduced the age for optional and technical retirement of both surface and underground mine workers from the previous retirement age of 55 years old to 50 years old in compliance with D e p a r t m e nt of L ab or and Employment(DOLE) Department Order (DO) No.167 S-2016. SSS President and Chief Executive Officer Emmanuel F. Dooc said that the new policy from SSS reduced the optional retirement to 50 years old and the technical or compulsory retirement to 60 years old for both
underground and surface mineworkers. “We deemed it necessary to include both underground and surface mineworkers to ensure that social security protection is given to all kinds of mineworkers. We understand the danger of their work and we want them to enjoy the fruits of their hard-earned money as early as possible,” said Dooc. The DO is the order from DOLE implementing Republic Act 10757 otherwise known as “An Act Reducing the Retirement Age of Surface Mine Workers from Sixty (60) to Fifty (50) Years, Amending for the Purpose Article 302 of Presidential Decree No. 442, as Amended, Otherwise Known as the “Labor Code of the Philippines.” Based on the guidelines,
surface mineworkers include only mill plant workers, electrical, mechanical and tailings pond personnel while underground mine workers are those employed to extract mineral deposits underground or whose workplace is beneath the ground. To qualify for the SSS retirement benefit, the surface or underground mineworker must have paid at least 120 monthly contributions prior to the semester of retirement. If the mineworker will retire at the age of 50, he should ensure that he has stopped working. “If the mineworkermember chooses the optional retirement of 50 years old, he must be separated from employment or has stopped working at the time he files
his claim. Otherwise, he will not be allowed to file for retirement benefit or if his retirement claim is already granted, it will be suspended by SSS,” said Dooc. Aside from the number of contributions, the mineworker should have been employed and certified as underground and surface mineworkers by his employer who must be duly registered with the Mines and Geosciences Bureau. The certification must also include the workers position title and his job description. At the time of filing for retirement claim, the mine worker must have worked for at least five years, whether continuous or accumulated prior to the semester of retirement but retirement/PAGE 11
RPN Radyo Ronda Stations Nationwide
CNN Philippines Stations Nationwide CNN Philippines TV-9 Manila CNN Philippines TV-12 Baguio CNN Philippines TV-12 Dagupan CNN Philippines TV-26 Tarlac CNN Philippines TV-10 Iriga CNN Philippines TV-4 Iloilo
CNN Philippines TV-8 Bacolod CNN Philippines TV-9 Cebu CNN Philippines TV-5 Cag. de Oro CNN Philippines TV-5 Zamboanga CNN Philippines TV-7 GenSan CNN Philippines TV-9 Davao
DZBS 1368 Baguio DZRL 639 Batac DZTG 621 Tuguegarao DZKI 1332 Iriga DYKW 936 Binalbagan DYKB 1404 Bacolod DYKC 675 Cebu DXKO 1368 Cagayan de Oro DXKS 1080 Surigao DXKD 1053 Dipolog DXKP 1377 Pagadian DXXX 1008 Zamboanga DXKT 1071 Davao DXDX 693 General Santos
MNM relief operations. The Modern Nanays of Mindanao (MNM) handles the donations for the 370 females and 560 children who were affected by the ongoing Marawi siege on May 28 at Centrio Mall, Ground Floor, CV Roa Side. The “Malong” Packs are intended for mothers with children aged 2 years and below.(MNM/PIA10)
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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Opinion
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Ross Tayag: true champion of Filipino kid education
Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO
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Is Your Family Climate-Controlled? Thin k a minute…What kind of climate do you enjoy living in? Did you know t hat you can live in the exact climate you w a n t ! I ’m n o t t a l k i n g about the weather climate, but the more important c l i m at e o f y o u r h o m e . The daily mood of your marriage and family. Just like a garden or plantation lives and grows best in a certain kind of climate, so does your marriage and family. Your wife or husband and children live happiest when you control the climate of fe elings and emotions in your home. We do this by the way we talk and treat each other. The way we react to the daily problems, mistakes, or disagreements we may have. Do you wish your family was more peaceful and happy? That you and your wife or husband did n ot arg u e an d f i g ht s o much? That your kids were more happy and confident? Well, no one is forcing you and your family t o l i v e i n t h at k i n d o f unhappy atmosphere. It’s y o u r c h oi c e . You mu s t decide to be the first to change and control your
THINK
A Minute
Jhan Tiafau Hurst own he ar t, mo o ds, and anger. You can’t have a peaceful, happy marriage and family until you yourself first have peace a n d h ap p i n e s s i n y o u r own heart. Jesus can give you that kind of peace, p ower, and self-control you need. Then you can h e lp c re at e t h e l ov i ng , happy climate in your home. It’s never too late to change. So today, why not ask Jesus to forgive you for your past anger and lack of self-control with your family? Then ask Him to take charge of your heart, marriage, and family, so you can finally start enjoying a satisfying, peaceful climate in your home ever yday—for the r e s t o f y o u r l i f e . Ju s t Think a Minute…
LIFE’S INSPIRATIONS: “… Train the child in the way that he should go, and he will never depart from it even when he grows old…” (Proverbs 22:6, the Holy Bible). -ooo CONGRESSMEN’S HELP TO EDUCATE FILIPINO KIDS: BUY CHALK! As school year 2017-2018 scrambles towards its formal opening come first week of June 2017, the usuallypathetic gestures of our lawmakers to portray themselves as champions of education for Filipino children are surfacing to the fore once again, starting off with their feeble, if funny, attempt to allegedly increase the allowances of public school teachers, to enable them to buy chalk. Yes, you read it right, folks: congressmen are wanting to help our teachers buy chalk! Truly, with these gestures, it is clear that the creativity of our lawmakers and education officials seem to have gone the depths one more time. Imagine, the best they could do to help hapless young c h i l d re n a c ro s s t h e nation attain education is to enable their teachers to buy chalk! It would have been
alright if this supposed allowance to buy chalk had been made available to teachers already, at least before the opening of schools first week next month. Unfortunately, however, our honorable lawmakers f rom the Lower House of Congress have not even acted yet to pass the law that would authorize the release of this chalk allowance even at this late time! -ooo R P E D U C AT I O N PROGRAM: “ALL AIR, NO FORCE”: Sad ly, this typifies the overall attitude of many men and women in government who have been tasked to see to it that Filipino children get properly educated so they can aspire for a better future. Indeed, it is unfortunate that Department of Education of f i c i a l s , an d m any others in government like our congressmen and senators, are very much like the derided “air force” unit of a military organization long gone--there is only “air”, no “force” whatsoever, in that unit. This is why I always feel happy knowing that s om e on e, s om e h ow, somewhere, in his or her own small way, is
doing something truly concrete, to enable poor but deserving students to study, by becoming full scholars even without any single centavo coming from the government. -ooo R O S S TAYA G : T RU E C HA M P I O N OF FILIPINO KID EDUCATION: I refer to what Paniqui, Tarlac Vice Mayor Ross Tayag is d oi ng among h is constituents. Paniqui is a stronghold of the Cojuangco Family, and is home to the famous YC Compound, “YC” being “Ysidra C oju angco”, the fabled Cojuangco matriarch who is widely b elie ve d, e ven now, to hold the key to the f abu l ou s C oju angc o wealth and riches that have subsisted through the years. Tayag, who is in his first term as vice mayor of the town, has launched a scholarship program for college, high school, and K11 to K12 students. In an announcement he posted in his Facebook account, Tayag noted that his program would provide free tuition and other matriculation fees to deserving students. This program also has the support of the Department of Education,
K akampi
Mo A ng Batas
Atty. Batas Mauricio
Commission on Higher Education, and of the Duterte government. Ta y a g s a i d h e a l s o managed to convince viable companies to give employment to graduates of high school, vocational, and college courses. Any interested person can see him or his staff at his office located at the back of the Municipal Hall of Paniqui, Tarlac, during office hours. Mabuhay, Ross Tayag! -ooo W A T C H “A N G TA N G I N G D A A N ” AT FA C E B O O K : P l e a s e w a t c h “A n g Tanging Daan”, a Bible exposition and prayer session for ever yone, in English and Filipino, a t w w w. f a c e b o o k . com/angtangingdaan. Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo. com.
We need to yearn for heaven With the celebration of t he S olemnity of Ascension of the Lord, we are reminded that we have been given the hope of one day reaching the place Christ has prepared for us. “If I go,” Christ told his disciples, “and prepare a place for you, I will come back and take you to be with me that you also may be where I am.” (Jn 14,3) What wonderful words! What a wonderful promise, a divine promise that cannot disappoint us! We should do everything to make these words ever alive in us so that our earthly life would always be marked by optimism, joy, peace, and confidence despite the many trials, challenges, pains and sorrows here. St. Paul suggests to us the following action to take: “Set your hearts on he aven ly t hings, not the things that are
on earth.” (Col 3) We have to learn how to be properly focused here on earth, practicing a certain detachment from earthly things even as we use them and somehow also enjoy them. The earthly things should not undermine our heavenly yearning. They should r at he r shar p e n t hat heavenly yearning. And this hope Christ gives us is made very doable by the assurance that he is sending us the Holy Spirit, the Spirit of Truth, the Paraclete, or Advocate who will always be with us to lead us to the complete truth and to tell us of things to come. Before ascending to heaven, he reassured his disciples that he will be with them, with us, until the end of time. (cfr Mt 28,20) But he also made the mandate that we have “to go and make disciples of all nations, baptizing them in the name of the
Father, and of the Son, and of the Holy Spirit.” (Mt 28,19) Yes, as we yearn for heaven, we should be keenly aware of our duties here on earth. We need to see the organic conne c t ion b et we en our ear thly life and duties and our heavenly yearning. We cannot have one without the other. We have to do a lot of apostolate work which would require of us that we, first of all, should be driven with love for God. Other wise, our apostolate, our love for the others would have no steam to run on. We need to see to it that our love for God a l w ay s g row s e ve r y day, so that our love for others would also correspondingly grow. In this, we have to realize, first of all, how much God loves us. Only then can we start loving him and loving the others. That is why we have
HINTS
and
Traces
Fr. Roy Cimagala
to pray and consider the truths of our faith that show us much more than what our senses can discover. A person who does not pray is a person who cannot fall in love properly. T h a t’s b e c a u s e a prayerless love is a love that is simply driven by earthly elements that cannot last for long and cannot cope with the demands of true love. It’s love that would be completely at the mercy of earthly things. Yearning for heaven requires us to pray! roycimagala@gmail.com.
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CorporateWorld
Cebu Pacific to add 9 planes
C
E B U PA C I F I C is using its P24billion capital expenditure this year to add nine aircraft to its existing fleet. In an e-mail, the G o k on g w e i - l e d a i r l i n e said this year’s capex will be used to acquire nine aircraft, of which four have already been delivered so far. “Cebu Pacific needs to expand its fleet to meet increasing demand for air travel and to mount new routes. Between 2017 and 2021, CEB expects delivery of one more brand-new Airbus A330, 32 Airbus A321neo, and 11 ATR 72600 aircraft,” it added. The Cebu Pacific group currently operates a fleet of
60 aircraft -- four Airbus A319; 36 Airbus A320; seven Airbus A330; eight ATR 72-500 and five ATR 72-600. The ATRs are used by wholly-owned subsidiary C e b go for i nte r- i s l an d routes. Meanwhile, the budget carrier on Monday said it is mounting five new routes to its inter-regional network, connecting more islands from Mindanao to Visayas to the rest of the archipelago. Cebu P a c i f i c ’s announcement comes barely a week after President Rodrigo R. Duterte placed Mindanao under Martial Law to prevent the spread of extremism in the region after security forces clashed with the Islamic St ate-
lin ke d Maute g roup in Marawi City, Lanao del Sur. Starting July 26, Cebu Pacific and Cebgo will fly three times weekly (Monday, Wednesday, and Friday) between Cebu and Masbate, Davao and Dumaguete, and Zamboanga and Cotabato. Cebgo will also begin flying four times a week ( Tu e s d a y, T h u r s d a y, Saturday, and Saturday) between Cagayan de Oro and Zamboanga, and Davao and Tacloban on July 27. “Cebu Pacific is ver y pleased to continue to help prom ot e d om e s t i c an d international tourism and a logistics enabler to move goods across the country. As we expand into new routes and destinations across the Philippine archipelago, we
are committed to being a partner in spurring trade and tourism; helping pumpprime the local economy and providing everyJuan with more travel options
A L S ON S C ons ol i d ate d Resources is in talks with new partners for its first venture into hydroelectric power, while keeping open its invitation to Japan’s Toyota Tsusho Corp. to put in 25% of the equity component of the project, its president said. “There’s always an open invitation for our Japanese partners because of the partnership that we have had over the years. There is always an open invitation for
them to invest up to 25%,” Tomas I. Alcantara, Alsons chairman and president, told reporters last week. Toyota Tsusho is Alsons partner in the 210-megawatt (MW) coal-fired power plant with a 25% stake. The plant, which has two 105-MW units, cost at least $600 million to build, with a 70-30 debtequity ratio. Alsons is planning to build a 15.1-MW run-ofriver hydropower plant in
Siguil, Sarangani province. It estimated the cost of the project at P3.9 billion, while targeting to start commercial operations in the second half of 2020. The project is not yet included in the comp any’s P8.8-bi l lion capital expenditure for this year. “ Toyot a (Tsusho) is considering it. In fact, they are bringing in a Japanese grant into the picture. For renewables, the Japanese
government has a program that would allow the project company to enjoy a grant,” Mr. Alcantara said. “Our Japanese partners are still putting things together. They will make their submission to the government on June 15, so we will see it before then,” he added. In the case of the Siguil project, the loan component would be higher, while the equity portion shouldered alsons/PAGE 11
Alsons eyes new partner for hydropower venture
with year-round affordable fares,” Cebgo President and CEO Alexander G. Lao was quoted as saying. C e bu A i r, In c .’s n e t income plunged 68%
to P1.28 bi l lion in t he first quarter, dragged by a 20% rise in operating expenses to P14.302 billion. Revenues went up 5% to P16.86 billion.
FLAG carrier Philippine Airlines (PAL) on Monday warned the public against a fake advertisement circulating online. The fake advertisement has been circulating on Facebook recently, saying that PAL will give away free tickets in line with its anniversary. “Get 2 of 268 FREE
Philippines Airline Tickets on their 28th Anniversary!” the advertisement read when the Philippine News Agency searched for it in some Facebook posts. Some Facebook users have typed “Thank you PAL for the free tickets” upon sharing the ad. fake/PAGE 11
PAL warns public against fake ad
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Billboard
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Fiber Up to Beat Hypertension
The month of May celebrates World Hypertension Day and besides commemorating Losartan, Lipitor, and Atenolol, there’s a natural and better way to combat hypertension. It is the Big F. The “Big F” is FIBER. It is derived from plants and scores huge in keeping the heart and colon healthy, for better blood circulation and detoxification. Good blood circulation prevents hypertension. Sapping bad cholesterol and toxins out of the body by consuming fibrous food, such as oatmeal, also promotes digestive health and prevents colon cancer… aside
from boosting good blood circulation. The connection continues: did you know that hypertension helps bring about constipation? So fiber up, and you prevent both hypertension and colon problems. WebMD.com, an esteemed medical online publication revealed that “adding fiber to the diet was associated with a significant reduction in both systolic and diastolic blood pressure in people with high blood pressure.” WebMD.com also pointed out other lifestyle and dietary improvements which help keep blood pressure levels under control. These include “weight loss, reduced sodium
intake, moderation in alcohol use, increased potassium intake, increased physical activity, and following the DASH (dietary approaches to stop hypertension) diet.” Fiber-packed Food Basically, anyone who wishes to gain the benefits of fiber simply has to eat more fruits and vegetables. Fiber may also be sourced from cereals and carboloaded food such as oatmeal. There are many variants of oatmeal-- instant, quick-cooking, whole-grain rolled oats, and oat bran. Just find the kind that suits your taste and lifestyle most. One brand, Australia Harvest Oatmeal, boasts of best quality as it prides itself in
coming from the world’s best oatsgrowing region, West Australia. Perhaps it is this best-source and superior-quality assurance that made the Philippine Volcanoes— the country’s official rugby team sent to battle in international rugby competitions-choose Australia Harvest Oatmeal as their Official Fiber Partner. And for good reasons. The Philippine Volcanoes recently won Gold in the Asian Rugby Sevens Trophy Series competition in Doha, Qatar. So celebrate World Hypertension Day this May, by staying healthy and sharing the fitness word. Fiber up, for Life!
Top young swimmers from all over the country vie for prestige and supremacy as they competed in the 1st Cagayan de Oro Swim Meet on Sunday, May 28, 2017 at the newly reopened Kagay-an Lawndale Spring Resort in sitio Taguanao, barangay Indahag this city. Mayor Oscar Moreno, along with former Senator Anna Dominique Coseteng, chair of the Philippine Swimming League and coach Susan Papa formally opened the swimming competition. Mayor Moreno said: “I hope that this swim meet could trigger the interest in swimming of our young, potential swimmers from our city and the region as well”. The 1st Cagayan de Oro Swim Meet served as PSL’s qualifying tournament for future international swimming competitions to be held in Singapore, Hongkong, Dubai, ug Doha, Qatar. Maricel Casino-Rivera Aicy Soriano Jomar Figuracion Vonette Go Jojo Pupos Oscar Moreno Rhoel Chaves Condeza
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BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819
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gained P181 billion from the issuance of three-year Retail Treasur y Bonds (RTBs), which fetched a coupon rate of 4.25 percent. Loans in the first four months of the year totaled to P948 billion, up 58.5 percent percent from yearago’s P598 billion. BTr said rise of domestic liabilities was cushioned by the strength of the peso, which limited the rise on the value of US dollar debt instrument issued in the country. Outstanding external debt during the period reached P2.21 trillion, up 4.5 percent from the P2.11 trillion in April 2016. The latest figure was based on a 49.90 foreign
exchange rate, up from the 46.88 basis same period in 2016. Debt securities issued abroad primarily accounted for the most of liabilities sourced overseas after it reached P1.36 trillion, 5.2 percent higher than the P1.3 trillion in April 2016. Loans extended by external fund sources totaled to P847.3 billion, 3.5 percent up from the P818.85 billion same period last year. BTr said strength of the local currency during the period cushioned the impact of appreciation of third currency-denominated debt during the period. Outstanding liabilities g u ar ante e d by t he NG
reached PHP495.08 billion as of last April, down 12.3 percent compared to the P564.5 billion same period last year. To t a l d o m e s t i c guaranteed liabilities amounted to P209.29 billion while guarantees for foreign liabilities reached P285.8 billion. Guarantees for domestic debt fell 17.1 percent from year-ago’s P252.3 billion and by 8.5 percent for external debt from the P312.2 billion in April 2016. The decline was traced to the government’s net repayments of its domestic guarantees and the appreciation of the peso as well as third currencies. (Joann S. Villanueva/PNA)
THE PESO continued to slide versus the greenback on Wednesday to hit its weakest level in nearly two months, briefly touching the P50-perdollar level intraday, on the back of negative sentiment due to President Rodrigo R. Duterte’s declaration of martial law in the Mindanao region and political noise in the United Kingdom. T h e l o c a l c u r re n c y finished at P49.995 against the dollar Monday, sliding by 17.5 centavos from its P49.82 close on Tuesday. Wednesday’s finish was also the peso’s lowest level since it ended at P50.08-tothe-dollar last April 7, 2017. The peso traded weaker the whole day after it opened the session at P49.95 versus the dollar, while its intraday trough was seen at P50. Its
best showing for the day was at P49.93 to the dollar. Dollars traded slightly increased to $582.4 million on Wednesday from the $572 million that changed hands in the previous session. “The peso depreciated today as geopolitical concerns in the UK and the Philippines improved the dollar’s appeal as a safe-haven currency,” one trader said in an e-mail on Wednesday. M r. D ut e r t e p l a c e d Mindanao under martial law on Tuesday night after government forces clashed with Islamic State (IS)inspired Maute group led by Isnilon Hapilon in Marawi City, Lanao del Sur. Presidential Spokesperson Ernesto C. Abella made the announcement in a press conference in Moscow, saying
that Mr. Duterte made the decision “as of 10 p.m.” after meeting advisers in Russia to discuss the situation in Marawi City. The declaration will last for 60 days and the formal proclamation “will be forthcoming.” According to the trader, the local currency’s decline was tempered after the Bangko Sentral ng Pilipinas (BSP) intervened the foreign exchange market yesterday. For his part, BSP Governor Amando M. Tetangco, Jr. told reporters on the sidelines of a media luncheon yesterday that the peso’s weakness against the dollar was due to the decline of its regional peers as well. “As I have said there is some cautiousness and there is also legitimate corporate peso/PAGE 9
WITH the first package of the proposed tax reform program now being discussed in the plenary of the House of Representative, finance officials are set to submit the second package in the last quarter of 2017. “The second package will involve dropping the tax rate for corporates (and) in exchange we will review all fiscal incentives being handed,” Department of Finance (DOF) Assistant Secretary Paola Alvarez told reporters Monday. Second package o f t h e D O F- p r o p o s e d Comprehensive Tax Reform Program (CTRP) covers the cut in corporate income tax from a high of 30 percent to around 25 percent and the rationalization of fiscal reform/PAGE 9
to submit Peso touches P50:$1 after DOF package 2 of tax martial law declaration reform proposal
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H
IGHER domestic borrowing resulted to the 8.3 percent rise of Philippine national government’s outstanding debt in April 2017 to P6.37 trillion. Data released by the Bureau of the Treasury (BTr) Monday showed that the latest level of the national g ov e r n m e nt l i a b i l i t i e s is mainly accounted for by domestic debt, which amounted to P4.16 trillion, up 10.4 percent from yearago’s P3.77 trillion. Bulk of these are accounted for by the issuance of government securities, which increased by 10.4 percent to P4.16 trillion. L ast March, the BTr
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tue-wed|may 30-31, 2017
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879 Evacuees from Marawi City and nearby towns of Lanao del SUr are now housedat Maria Cristina Evacuation Center, Maria Crsitina Iligan City following the clashes between government troops and Maute group which erupted last May 23. (Angelo Dologmandin/PIA10)
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tuesday|may 30, 2017
Globe partners with teacher training innovators for Global Filipino Schools program Globe Telecom is collaborating with renowned teaching innovators in the country to kick off a series of teacher training workshops on 21st Century teaching methodologies and concepts to public school teachers in cooperation with the Department of Education (DepEd). The three teaching innovators—“Mano Amiga,” “Habi Education Lab” and “Affordable Private Education Center (APEC) Schools”— were chosen based on their excellent, innovative, and creative methods and approaches to learning. Mano Amiga Academy, Inc. is a non-profit learning institution that provides lowincome communities access to international quality education, sustainable livelihood and community development while Habi Education Lab is a design and research group that works to empower schools and educators on learning through capacity-building workshops and collaborative research projects. On the other hand, Affordable Private Education Center, Inc. (APEC Schools) seeks to transform thousands of Filipino lives by providing high-quality yet affordable education and produce graduates that are ready for college and professional employment. The “Teacher Training Workshop on 21st Century Learning” is a key component of the Global Filipino Schools (GFS) program which includes internet connectivity, ICT equipment, and infrastructure support. The teacher training component includes workshops on how to maximize the use of technology in the classroom, and project-based learning. “We want the next generation to discover lifelong learning opportunities as well as enjoy inclusive and equitable quality education as being espoused by UN Sustainable Development Goal No. 4. GFS brings us one step closer towards that goal. Altogether, all the components of GFS are vital cogs that aim to create a holistic impact to transform learning experiences of public school students and make them more aware and adept at using technology in order to learn,” said Yoly Crisanto, Globe Senior Vice
Peso... from page 8
demand at the same time. So that affected the movement of the peso this morning... It remains stable,” Mr. Tetangco said ahead of the market’s close. Asked if there’s a need for the BSP to intervene with the foreign exchange market, the central bank chief said, “Our policy is to allow market forces to determine the rate but if there are very sharp fluctuations, then we may send signals to the market.” Yesterday, one trader said the peso may play within P49.90 to P50.10 against the dollar while the other trader
Globe Telecom, Teacher Trainers, and participants from public school from around the country.
President for Corporate Communications. Among the topics to be introduced by the chosen teaching institutions during the intensive five-day workshop are the integration of ICT in the classroom, design thinking and 21st Century learning approaches. The first of the three workshops will be conducted at the Globe Telecom training area in Bonifacio Global City in Taguig City. The objective is to transform 120 teachers from various provinces in Luzon, Visayas and Mindanao and make them DepEd trainers and experts adept at providing 21st Century learning. They will then be responsible for cascading what they learned during the workshops to the other public schools within their own divisions. This is in consonance with the GFS program’s goal of establishing teacher training hubs on 21st Century learning through public school partnerships. “We certainly look forward to sharing with the public sector our best practices in Mano Amiga. Being part of the GFS program is also an amazing opportunity for us to gain insights from the diverse participants who will come from different parts of the country. Hopefully, this teacher training program will create an ecosystem of
innovative educators who will produce students wellequipped with modern learning techniques and be able to thrive in a 21st century learning setup,” said Eleanor Pinugu, Executive Director, Mano Amiga Academy, Inc. For its part, Gerson Abesamis, Executive Director of Habi Education Lab said: “Globe is looking at teachers and schools not as simple beneficiaries but as partners. We’re excited to work with Globe on empowering fellow teachers to become technology and innovation champions in their respective schools and communities. We’re not just teaching or training them, but we provide them with tools and mindsets so collaboratively, we can transform student learning in public schools. Hopefully they come out of the program more adept in using technology, less afraid of failure and experimentation, more reflective about teaching, and more responsive towards the needs of our students.” Lastly, Joie Lopez, Chief Executive Officer of APEC Schools said: “APEC Schools is excited about the partnership with Globe especially as GFS aims to train school teachers nationwide. We are looking forward to other c ollaboration opportunities i n education where we can really help.” When asked to comment on the program’s values
to public school teachers, Marge Ballesteros, Director IV, External Partnerships Service of DepEd, thanked Globe Telecom and its other partners and stakeholders. “Globe Telecom is one of our partners who take their share in helping apply and maximize ICT integration in public school classrooms. We are very happy that Globe is investing long term in teacher training and 21st Century Learning, as it is through internet access, proper use of technology, and investment in teachers that we can truly deliver quality education in public schools and keep pace globally.” Globe Telecom continues its strong and long-term partnership with DepEd through the Global Filipino Schools (GFS) Program in order to move forward 21st Century learning in public s c h o o l s n a t i o n w i d e . T he program provides select public schools in all DepEd divisions with support such a s I n t e rn e t c o n n e c t i v i t y , and mobile devices such as tablets and projectors. The program started with one pilot school in Bohol and has since expanded to 142 schools covering partnerships in 16 of the 18 regions around the country. The program is now present in 134 DepEd divisions with a commitment to be in all divisions by year 2020.
sees the pair trading on a wide range between P49.85 and P50.15 due to risk events today. The third trader said the local currency may move within P49.90 to P50.10-tothe-dollar.
Incentives Management and Transparency Act of TIMTA, which aims to evaluate the fiscal incentives granted to investment promotion agencies (IPAs). “Once we have the data we will analyze the cost and benefit of these objectives and then decide how we will proceed,” he said. Chua said they want their tax reform proposals to be evidence-based to assure lawmakers that these proposals are well-studied. Finance officials have repeatedly stressed the importance of the CTRP in ensuring that the Duterte administration’s programs on infrastructure
invest ments as wel l as on social protection and human capital will have the necessary funds. The government plans to spend around PHP8.4 trillion in the next five years to finance its massive inf rastr ucture program alone. House Bill 5636, authored by Quirino Rep. Dakila Carlo Cua and the substitute tax reform measure that consolidated House Bill 4774 and 54 similar bills, is now being deliberated in the plenary and Finance officials are hopeful that it will be approved before the current Congress adjourns on June 2. (Joann S. Villanueva/PNA)
Reform... from page 8
incentives. Finance Undersecretary Karl Kendrick Chua earlier told reporters that DOF did not include the cut in corporate income tax in the first package, which covered the cut in personal income tax and hike in v e h i c l e a n d oi l e x c i s e tax, because they are still awaiting the report on Tax
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Hoover Dam hosts High Fashion X High Tech Phenomenon this summer
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Tuesday | May 30, 2017
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Jessica Minh Anh to add American icon into her series of extraordinary productions
Remember the supermodel who famously transformed England’s iconic London’s Tower Bridge into a skyhigh catwalk? Five years and fifteen remarkable fashion productions later, the supermodel turned entrepreneur is set to impress with the first ever fashion phenomenon atop the modern engineering masterpiece, Hoover Dam, on 26 June 2017. With an exceptional vision, Jessica Minh Anh will premiere the most exquisite haute couture and creative fashion collections from different continents on the one-hundredmetre curved runway. No stranger to mind-blowing productions at places such as the Eiffel Tower, One World Trade Center, and Grand Canyon Skywalk, the exotic beauty will make full use of advanced technology to film and broadcast J Summer Fashion Show 2017 from every angle. On choosing Hoover Dam as the official venue of J Summer Fashion Show 2017, Jessica Minh Anh said “I’m always drawn to spectacular mega structures, especially those that benefit mankind. Hoover Dam controls floods while providing water and electricity to millions of homes. It is truly a monument of human accomplishment against the rules of nature. I cannot think of a better venue to celebrate the best of modern architecture, culture, fashion, and technology.” This is the second time Jessica Minh Anh has combined renewal energy and fashion after her acclaimed solar powered catwalk in Spain. Always pushing the visual envelope, Jessica’s upcoming extravaganza will include a cinematic backdrop featuring the world’s largest man-made reservoir, Lake Mead, and the majestic Black Canyon. Jessica Minh Anh has exclusively selected returning designers including Peruvian artist Ani Alvarez Calderon, Turkish haute couturier Gulnur Gunes, Pakistan awardwinning designer Syeda Amera, New York designer Cristina Sabatini, as well as new faces such as Italian talent Kine Dione, Malaysian pride Emmanuel Haute Couture, Hong Kong brand Kaprice, Brazilian representative Patricia Nascimento, Peru’s new face Christian Zerrá, and Texas-based fashion house Aplomo. Nevada’s very own AVP Nationwide Productions, Saks Fifth Avenue Las Vegas, Hoover Dam Lodge Hotel & Casino, and The Mirror Mirror salon will also contribute to the show. “Jessica Minh Anh represents a fearless generation of multitalented leaders who turn grand ideas into reality.” said Marco Goncalvez, Operation Director, Compagnie des Bateaux Mouches, “Having witnessed her problem solving brilliance while facing natural disasters such as a storm at Gemasolar or flood on the Seine River, I have no doubt her summer show will be yet another sensational experience.” With a positive message attached to an outstanding set up, J Summer Fashion Show 2017 will not only promote design excellence, but also the tremendous energy of the young generation that matches the hydroelectric power. Let the countdown begin.
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Crisis... from page 1
things pan out. In a statement, Pernia urged for a quick resolution to the Mindanao crisis stressing that threats to security derail progress and impact on the quality of life of Mindanaoans. The terrorist Maute Group attacked Marawi City Tuesday last week prompting President Duterte to declare Martial Law in Mindanao. “We trust the President and his security officials to do what has to be done to restore peace and order and protect our fellow Filipinos in the South,” Pernia said i n a st ate ment. NEDA provides high-level advice to policymakers in Congress and the Executive Branch. Pernia has emphasized that economic growth cannot be sufficiently sustained nor be inclusive without peace. Thus, achieving peace, security and public order is considered a bedrock strategy under the Philippine Development Plan (PDP) 2017-2022. Nonetheless, he said, the economy remains stable given its strong fundamentals.
Marawi... from page 1
The National Disaster Risk Reduction and Management Office Center in Camp Aguinaldo in Quezon Cit y remains on “Blue Alert” to closely monitor the situation and maintain constant coordination with concerned member-agencies and offices. Ja l a d a l s o s a i d t h e Department of S ocial Welfare and Development Central Office, Field Officers in Mindanao, Nat iona l Resource Operation Center, Visayas Disaster Response Center in Region 7 have a total stockpile and standby funds amounting to P1,354,750,413.82. Stand-by funds available at the DSWD Central Office and Field Offices amount to P1,024,030,820.26, of which P1,007,432,193.67 is the Quick Response Fund. Around 174,673 “Family Food Packs” worth P65,452,613.97 and Food and Non-Food Items worth P265,266,979.59 are also available. Four Philippine Coast Guard ships, namely, the BRP Malabrigo, BRP Tubbataha, BRP Batangas and BRP Romblon are deployed for relief and security efforts relating to the ongoing incident in Marawi City. (Priam F. Nepomuceno/ PNA)
Campaign... from page 1
Empowering Volunteers and Opportunities (EVO). EVO will babysit the youth groups and monitor their educational drives on a periodic basis to see their progress throughout the year. During a daylong meeting with the youth volunteers last Saturday, the participants finalized their schedule of activities to be conducted all throughout the duration of the project.
Among the events in the offing are the conduct of a recyclable fashion show, Dagan Para sa Kalikasan, so-called barkadahan talks and even house-to-house campaigns on the necessity of household wastes segregation. CLENRO has already set aside funds if the youth volunteers need logistical support. Once the two pilots are successful, the project will be expanded city-wide. Local government units (LGUs) nationwide are now pushing for waste segregation at the barangay level in adherence to the Solid Waste Management Act which is Republic Act 9003.
Hostage...
from page 1 that,” Malou said adding that they are now in Binuangan town in Misamis Oriental were they offer prayers as devotees of the Shrine of Our Lady of Lourdes. She however admitted their mother was really worried until now about the fate of her second child but prayers kept her going strong and hopeful for her safety from the hands of the Maute group. Archilly and an undetermined number of hostages from Bansalan Colleges were abducted on May 23 at the height of the siege in Marawi City. Even they were already in captivity at around 2 pm on that day Archilly was still able to text and call her mother. “Please pray for us as the war is raging now,” Malou recalls that was her sister last call and they were no longer in contact since then. A school worker who was able to escape when the Maute bandits came confided to them that a picture of Father Teresito Suganob along with three other ladies and partially hidden woman in blue dress could her sister as he recalled that was the same suit she wore when their captors came. The picture was widely circulated in Facebook a few days later. T h e Ab a o s i n it i a l l y learned about the abduction when they a post from the private message conversation of Mirnife Macopa-Guro from Marawi City which m e nt i o n e d a m o n g t h e hostages were Archilly and five other teachers. “ Taken hostage were Ma’am Saguin, Ma’am Cusap, Acopio, Jhonrey, Ma’am Archilly, Ma’am Dyna and Ma’am Ruby and many other teachers of Dansalan College,” the message of Guro reads. It reads further that the hostages were hogtied to be brought to a place called Banggolo where they could be beheaded. “We are fervently praying that God will touch the hearts of their captors and free them,” Malou said.
Program... from page 2
an enterprise. For more information and queries, just visit any Negosyo C enter in t he
region and be guided by a Negosyo Business Center Counselor about the Mentor ME program or call the DTI Surigao del Norte telephone number at 826-2373. (DTISurigao del Norte/PIASurigao del Norte)
Retirement... from page 2
the actual date of retirement should not be earlier than April 27, 2016— the date of effectivity of reduced retirement age. “We hope that with this new policy, the SSS will be able to extend the benefits that our members need as early as possible. We want our mineworkers to feel that we care for them and we want them to enjoy the money they saved with SSS,” said Dooc. For more details on the retirement claim application for underground and surface mineworkers, members may call the SSS Call Center at 920-6446 to 55 or email member_relations@sss.gov. ph. (SSS/PIA-Caraga)
Alsons... from page 5
by investors is lower than that for a coal power plant, he said, adding that an 80-20 debt-equity ratio is possible. “Right now, it really depends on the appetite of banks at that time when we say we’re ready to go,” he said. “We’re not looking at FiT (feed-in-tariff ) at any of our projects,” he added, referring to the installation target of 250-MW for small hydro projects that is paid a guaranteed rate of P5.90 for e a ch k i l ow att - hou r
exported to the power grid. Mr. Alcantara said the allocation for the equity component that is not taken by Toyota Tsusho would be done on a “case-to-case” basis for the hydro project. But he said the company intends to retain majority ownership, as with all its projects. Asked whether Alsons was keen on taking other investors, Mr. Alcantara s ai d : “ T h e re are ot h e r parties who are interested but we are covered by a nondisclosure agreements. But in the case of our Japanese partners, we’re free to say that there is always an open invitation for them to join any of our projects.” Ne x t t o S i g u i l , t h e company is also considering one more hydro project in Sarangani and another in Negros Occidental. “I think we are safe to say that it will range from 15 to 25 [MW] because right now we are still in the process of investigating. It is a run-of-river [project] but in hydro you can have several generating plants,” he said. Aside from hydropower, Alsons was also considering putting up a solar farm with a maximum capacity of 50 MW. The project, which will be in Mindanao where the company has existing landbank, is estimated to cost around $1.2 million per MW. Of the target capacity, the first 20 MW is expected to be running by the second half of 2018. “The first solar plant is going to be located in our agriculture area,” Mr. Alcantara said. “Aside from
the economics of the capital cost versus revenue and production, we are also looking at which is going to give better revenue stream for the group -- maintain agriculture, continue to plant bananas, or go solar?” OVERSEAS EXPANSION Like a number of power developers in the Philippines, Alsons is also looking to expand overseas, p o s s i b l y i n In d on e s i a , although plans are still in very early stages, he said. “ We a r e l o o k i n g at C elebes-Sulawesi area because of its proximity to Mind anao,” he s aid, adding that the company has learned about plans by Indonesia to encourage infrastructure and economic development in the eastern part of the country. He s a i d In d o n e s i a’s population is concentrated in Java and Sumatra, similar to the Philippines’ Luzon and leaving other parts less developed. “B or ne o, Su lawesi, New Guinea are all but forgotte n . But t he re is a lot of potential there. It is highly mineralized but it is under-populated and under-developed for infrastructure. So for Indonesia to be able to solve the high density and overpopulation in the SumatraJava area, their strategy is to encourage migration to the Sulawesi-Borneo area,” he said. Alsons operates three diesel facilities: the 103MW diesel power plant in Iligan City under Mapalad Power Corp.; the 55-MW facility in Alabel, Sarangani
Upon Extra-Judicial Petition for Sale under Act 3135 as amended, filed by NATIONAL HOME MORTGAGE FINANCE CORPORATION, a government owned and controlled corporation created under P.D. No. 1267, with postal address at No. 104. Amorsolo St., Legaspi Village, Makati City, against PACIENCIA SUA SUAY, with residence and postal address at Block 3, Lot 29, Villa Candida Subd., National Highway, Bulua, Cagayan de Oro City or c/o MSP 10, Camp Evangelista, Patag, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of March 31, 2017, amounts to ONE MILLION THIRTEEN THOUSAND SEVEN HUNDRED TWENTY FIVE PESOS & 25/100 (P1,013,725.25) Philippine Currency, as mortgagor’s principal and outstanding obligation inclusive of interest, penalties and other charges, exclusive of Attorney’s fees and other necessary fees and expenses of Extra-Judicial Foreclosure and Sale, the undersigned Sheriff-in-charge will SELL at Public Auction on JUNE 19, 2017 AT 10:00 o’clock in the morning or soon thereafter, at the City Tourism Hall, Cagayan de Oro City, to the Highest Bidder for CASH and in Philippine Currency, the real property mortgaged together with all existing and future improvements thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-69392 Registered in the name of PACIENCIA SUA SUAY ‘’A PARCEL OF LAND (Lot 29, Block 3, Psd-10-015484, being a portion of Lot 6221-C, Psd-10-012775). Situated in the Barrio of Bulua, City of Cagayan de Oro, Island of Mindanao. Bounded on the x x x. Beginning at x x x; containing an area of Sixty Four (64) Square meters, more or less’’ Prospective Buyers/Bidders may investigate for themselves the title herein above described and encumbrance thereof, if any there be. In case June 19, 2017 will be declared holiday or non-working day, the Public Auction Sale shall be held on June 23, 2017 without further notice, publication and posting. Cagayan de Oro City, May 10, 2017. FOR THE EX-OFFICIO PROVINCIAL SHERIFF
Fake...
from page 5 The carrier noted that this false advertising through the misuse of Facebook will not be tolerated. PAL said it has already re p or te d to conce r ne d authorities the said false ad. “The full force of the law shall be applied to those found guilty of carrying out fake ads,” the airline said in a statement. M e a n w h i l e , PA L reminded the public that its adver t is ements and p rom o t i on a l m at e r i a l s are only released via its official Facebook page, and through its website, www. philippineairlines.com. The airline also uses traditional platforms such as print, radio, television, it added. (Ma. Cristina C. Arayata/PNA)
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region BRANCH 38 Cagayan de Oro City
Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE File No. EJF-2017-185
under Southern Philippines Power Corp.; and the 100MW plant in Zamboanga C i t y u n d e r We s t e r n Mindanao Power Corp. The first 105-MW phase of its coal-fired power plant in Sarangani province began operating in April 2016. The second identical unit began construction in Januar y 2017. Aside from the Siguil plant, Alsons has another project in the pipeline -t he 105-MW coal-f ired power plant in Talisayan, Z amb o anga City under s u b s i d i a r y S a n R a m on Power, Inc.
SHERIFF’S NOTICE OF AUCTION SALE EJF File Number 2017-135 UPON EXTRA-JUDICIAL PETITION FOR SALE under Act 3135 as amended, filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG Fund), mortgagee, with branch office at Pag-IBIG Fund, J. R., Borja Street, Cagayan de Oro City, against ELZIE A. CABATANA married to Daniel M. Cabatana, with postal address at Lot 8, Block 7, PCS-10002661, PAG-IBIG CITY, Iponan, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of February 20, 2017, amounts to Two Hundred Eighty Three Thousand One Hundred Sixty Three Pesos & 46/100 (Php283,163.46) Philippine Currency, inclusive of interest and penalty charges, excluding other necessary fees and expenses of extra-judicial foreclosure and sale, the undersigned Sheriff or his deputies will sell at public auction on June 26, 2017 at 10:00 o’clock in the morning or soon thereafter, at the City Tourism Hall, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the real property described herein-below, with all its improvements found thereon, viz: TRANSFER CERTIFICATE OF TITLE NO. T-137-2014002097 (Registered in the name of Elzie A. Cabatana) A PARCEL OF LAND (LOT 8, BLOCK 7, PCS-10-002661, BEING A PORTION OF LOTS 3594, 3596, 3597, 3598, 3600, CAD-237 & LOT 3595-1, (LRC) PSD-128619), SITUATED IN THE BARRIO OF IPONAN, CITY OF CAGAYAN DE ORO, ISLAND OF MINDANAO. XXX, CONTAINING AN AREA OF ONE HUNDRED FORTY (140) SQ. MTRS., MORE OR LESS. Prospective buyers/bidders may investigate for themselves the Title of the property above-mentioned and all encumbrances thereon, if any there be. In the event said auction sale on June 26, 2017 will be declared a holiday or non-working day, the same will continue on the next working day without need of further notice, publication and posting.
Cagayan de Oro City, May 23, 2017
By: (Sgd.) JOSEPH C. MAAGAD Sheriff IV
BWM: May 17, 24 & 31, 2017
BWM: May 31, June 7 & 14, 2017
(SGD.) REYNALDO L. SALCEDA Sheriff IV
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Feature
IN-DEPTH
Tue-Wed | May 30-31, 2017
Gil Macaibay III
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“Prince of Haute Couture” By Joe Palabao - Fashion Enthusiast
M
ore than one hundred professional and emerging top models of the undisputed Prince of Haute Couture Gil Macaibay III showcased his stunning, glorious and sophisticated designs in a prestigious fashion show of the year “Strike 4APose” held last May 28 at Grand Caprice, Cagayan de Oro City. Indeed it was a bright and shining night for the fashion industr y in Cagayan de Oro for the show once again reinforced the City of Golden Friendship Cagayan de Oro as the Fashion Capital of Mindanao. Of course counting all the successful
fashion shows of the known glorious designers of the city. With the hundreds of professional models showing glitters of fashionable creations of Gil Macaibay III it made the city shines thus he helps catapults Cagayan de Oro as the Fashion Capital
of Mindanao. Str ike4APose is a summer workshop by Gil Macaibay III Fashion Studio prepar ing emerging and talented young models to shine in the fashion industr y especially that Cagayan is now becoming a metropolis. Thus Cagayan de Oro Fashion Industr y has reached its summit of success. Str ike4APose Fashion summer workshop has produced young models and will continue to shine and ramped to showcase creations of the one and only Pr ince of Haute Cotoure in Cagayan
de Oro and in Mindanao. The industr y salutes Gil Macaibay III for dressing up beauties of the cit y, the Gliterati Professional models, the elites of the societ y, the br ides and grooms looking great dur ing thei r weddings and the countless clients who wanted to be dressed by him and wear his Fashionable designs and creations. At a glance - Gil III Macaibay designs and creations has reached Canada and New York in 2015 showcasing Tela Mindanao in a Fashion Show. Pr ince of Haute
Cotoure Gil III Macaibay was with Fashion Icon Mimi Pimentel now Presidential Fashion Consultant, Pillar of Cagayan de Oro Fashion Industr y Benjie Manuel, Iconic Fashion Designer Mark Chr istopher Yaranon and Designer Boogie Rivera. Indeed designs and creations of our one and only Pr ince of Haute Cotoure in Mindanao Gil III Macaibay are
reverberating in the wor ld of fashion. The fashion industr y as per TESDA in the global market earns billions of dollars year in and year out. We salute you Gil Macaibay III as one of the Designers of the Cit y of Golden Fr iendship together with the best designers of our Cit y for catapulting Cagayan de Oro Cit y as the Fashion Capital of Mindanao. Kudos.