BusinessWeek Mindanao (November 1, 2019)

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Alert WITH the series of strong quakes that struck parts of Mindanao in a span of two weeks this month, the Philippine Institute of Volcanology and Seismology (Phivolcs) urges the public to be ready and prepared for such calamities.

In an interview with the Philippine News Agency (PNA) on Thursday, Department of Science and Technology Undersecretary for Disaster Risk Reduction and Climate Change and Phivolcs Officer-inCharge Renato Solidum Jr. reminded the public of the do's and don'ts in times of earthquake.

“The public should review their earthquake preparedness response during and after shaking,” he said.

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Mindanao’s idle lands set for ‘green’ projects www.businessweekmindanao.com

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Friday|November 1, 2019

Thank you for trusting us!

By CHE PALICTE, PNA

AVAO City – The Mindanao Development Authority (MinDA) will soon launch the “Green Mindanao Project converting unproductive tribal lands into trees and bamboo farms to generate income for the indigenous communities and bring back trees to bare mountains.

The project is set to be launched early December w it h D av a o d e l Nor t e

Governor Edwin Jubahib who volunteered the vast PROJECTS/PAGE 11

LTFRB-10 monitoring bus terminals ahead of Undas

By JIGGER JERUSALEM, PNA

In preparation for the influx of passengers going back to their respective hometowns for the observance of the

All Saints' and All Souls' days this weekend, the Land Transportation Franchising TERMINALS/PAGE 11

COLLAPSED. Eva's Hotel stands damaged after a strong earthquake in Kidapawan City yesterday, Oct. 31. There was no one inside. (AP)

Japan, US send sympathies to Mindanao-quake victims

8 dead EIGHT persons have been confirmed dead from the magnitude 6.6 quake that struck Cotabato and some parts of Mindanao on Tuesday, the National Disaster Risk Reduction and Management Council (NDRRMC) reported.

The council’s 6 a.m. update on Thursday said 395 persons were injured, while two remain missing.

All reported deaths, injured, and missing are from the Northern Mindanao, Davao, and Soccsksargen regions, as well as the Bangsamoro Autonomous Region in Muslim Mindanao.

We strive for Excellence!

Philippine Press Institute Civic Journalism Community Press awardee for the following: 2013 Best in Business and Economic Reporting 2014 Best in Environmental Reporting 2017 Best in Business and Economic Reporting 2018 Best in Business and Economic Reporting

By JOYCE ANN L. ROCAMORA, PNA

THE Japanese and the United States embassies in Manila on Wednesday extended sympathies to the Philippines, particularly the victims of the earthquakes that hit Mindanao on Tuesday.

"Ambassador Koji Haneda offers his sincerest condolences to the families of the victims of the recent earthquakes that struck parts of Mindanao and expresses his sympathies to all those SYMPATHIES/PAGE 11

ALSONS Consolidated Resources’s expanding power business is seen to benefit from plans to interconnect the Visayas and Mindanao power grids as well as the opening of the electricity spot market in the south.

Once completed, the MindanaoVisayas Interconnection Project (MVIP) will enable ACR to sell its capacities to Visayas and Luzon, noted Philippine Rating Services Corporation (PhilRatings).

BENEFIT/PAGE 11

ACR to benefit from MVIP and WESM in Mindanao BRISK SALES. Flower vendors in Malaybalay City are making brisk sales as people remember their dead in today’s All Souls’ Day. mindanews file photo by h . marcos c . mordeno

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Local

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hall to get housing DA-13 sees improved livestock City units to employees via artificial insemination

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UTUAN City – The Department of Agriculture in Caraga Region (DA-13) has launched an assertive move to help stakeholders in the livestock industry to improve breeding and increase productivity through artificial insemination (AI).

A three-day summit was launched by DA-13 on Tuesday (October 29) here that gathered hundreds of livestock breeders, artificial insemination technicians and representatives from local government units (LGUs) in Caraga region.

DA-13 Livestock Program Coordinator

Jekem Sanchez said on Wednesday (October 30) that the summit aims to support the implementation of the Unified Artificial Insemination Program (UNAIP) under the Genetic Improvement Program of the Bureau of Animal Industry (BAI).

The gathering will also serve as a venue to update technicians in the region on new AI technologies, Sanchez added.

At present, DA-13 has 48 AI technicians assigned in various provinces and towns in the region.

“We are facilitating this summit to support the livestock industry in

Caraga region and help our farmers who are into livestock to adopt AI in the improvement of breeding and productivity,” Sanchez said.

Livestock farmers joining the summit will also receive education and technologies to prepare them in times of calamities such as the El Niño and La Niña.

“We want to make our livestock farmers in the region resilient to climate change,” he added.

Sanchez said more farmers in Caraga region now adopt AI technology in their production.

Data provided by DA-

13 said that a total of 2,575 AI services were already provided to livestock farmers in the region from January to October this year.

Most are services on artificial insemination of carabao with 2,014 services, followed by beef with 419, dairy with 112, and goat with 30.

The monitored number of offspring from artificial insemination in the area in the same period this year include 210 for carabao, 82 for beef, 37 for dairy, and 11 for goat.

Sanchez said DA13 is hopeful on the increase in the adoption of AI technology among livestock farmers in Caraga region.

The drive for AI, he added, will help sustain the beef and dairy production in Caraga and help small livestock farmers increase their income. (PNA)

TO increase productivity and inspire the employees of Cagayan de Oro City Hall to do their job well, the city government here leads the groundbreaking ceremony of the City Employees Socialized Housing Project that will offer more than 500 housing units at Sitio Patpat, Barangay Lumbia, here, October 22.

"This is very ambitious.

Imagine, almost 70 hectares and then we plan to acquire more lots," Mayor Oscar Moreno said.

The housing project is the very first City Hall Project for its personnel which covers an area of 10.6 hectares developed by the City Housing and Urban Development Department (CHUDD) through Pag-IBIG financing.

Emphasizing that the project is one of the fruits of the city government's labor, Moreno said, "Kailangan ayusin natin ang ating (we have to fix

our) competitiveness.

Kailangan ayusin natin (we need to fix) the elements of competitiveness: economic dynamism, resiliency, ease of doing business, government efficiency, and infrastructure. Nobody will do that for us."

One of the beneficiaries, Ana Ocer, City Hall employee for 26 years, said the project is a realization of her dream to own a house.

"Dako kaayo akong pasalamat nga nahimo kani siya nga programa sa City Hall Employee Socialized Housing Project. Ako nangandoy gyud ko nga naa ko'y kaugalingon nga balay kay gapuyo ko diha sa Acacia Street. Subo pamalandungon nga nabanlas among balay sa trahedya nga Sendong," Ocer shared.

(I am really thankful that the City Hall Employee Socialized Housing Project was created. I really dreamed of having my own house because I just live in Acacia Street. It is so sad that our house was washed away when typhoon Sendong hit the city) Located in the southern part of Barangay Lumbia, the housing project is a five-minute distance ride from the center of the barangay that will soon be surrounded with amenities and facilities such as sports complex, city hospital, and institutions.

The community is one of the city's proposed HOUSING/PAGE 11

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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CorporateWorld

PAL Holdings, Inc. names new president

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AL Holdings, Inc. named Lucio K. Tan, Jr. as its new president, after the resignation of Gilbert Gabriel F. Santa Maria just three months after his appointment.

In a disclosure to the stock exchange, the parent company of Philippine Airlines (PAL), Inc. said Mr. Santa Maria resigned on Oct. 28 due to “personal reasons.”

During a board meeting on the same day, PAL Holdings elected Mr. Tan as its new president.

However, PAL Holdings later clarified that Mr. Santa Maria “remains as president and COO

(chief operating officer) of the operating company, PAL, Inc.” “Furthermore, at the joint Board of Directors meeting of PAL Holdings, PAL, Inc. and Air Philippines Corp. (APC) held yesterday, 28 October 2019, Mr. Sta. Maria presented his 90-day report on PAL, Inc. as well as his turnaround plan for PAL, Inc. which is due for implementation this coming year 2020. His presentation was well received by the joint Boards,” the listed company said.

In late July, PAL Holdings named Mr. Santa Maria as its president. He

was handpicked by PAL Chairman and Chief Executive Officer Lucio C. Tan to replace Jaime J. Bautista who retired in June.

Mr. Santa Maria was previously the chief operating officer of DC-based IBEX Global Solutions PLC, and California-based IQ BackOffice, Inc. PAL Holdings’ attributable net loss widened to P3.33 billion in the first half of 2019, from P1.4 billion during the same period a year ago.

Consolidated revenues rose 8.6% to P81.25 billion during the period, mainly due to additional flight frequencies.

RFM posts higher profit, raises capex FOOD and beverage company RFM Corporation reported a 10 percent improvement in net income to P836 million in the first nine months of the year on the back of a similar 10 percent hike in revenues to P10.8 billion.

In a disclosure to the Philippine Stock Exchange, RFM President and CEO Jose Ma. A. Concepcion III said that the company’s institutional

bread and flour units as well as consumer units comprising of milk, ice cream, pasta and sauces led the double-digit topline growth.

Concepcion noted that even as the company’s institutional sales have posted strong growth, he noted the surge in milk sales which continues to lead the topline expansion of branded products along with ice cream and pasta.

He also disclosed that

the Board of Directors approved additional capital expenditure (capex) of P220 million to expand institutional and consumer brand production capacities.

This is on top of the previously reported P400million capex approved a couple of months ago to expand the sauce and milk businesses.

“RFM is quite bullish in its brands and businesses. We will

continue to deploy the required funding to meet the growth in demand for our brands. To this end, we have a very strong cash position to back our capex,” said Concepcion.

He added that “aside from the 50 percent cash payout policy and ongoing share buyback, we want our new capex to hasten the improvement of the returns to our shareholders over the long run.”

FDC’s outstanding bonds keep top credit rating FILINVEST Development Corp.

(FDC) retained the top credit rating for its P8.8-billion outstanding bond issue, according to Philippine Rating Services Corp.

(PhilRatings).

In a statement, PhilRatings said FDC’s bonds retained its “PRS Aaa” credit rating, which means it has an “extremely strong” capacity to meet its financial commitment.

PhilRatings also gave FDC a stable outlook for the rating, meaning it is expected to stay the same for the next 12 months.

The debt watcher

cited FDC’s strengths such as its stable diversified revenue stream; conservative and professional management, main subsidiaries with steady income and cash flows, and growing real estate and banking businesses.

FDC’s subsidiaries include Filinvest Land, Inc. East West Baking Corp., Pacific Sugar Holdings, Corp., and Seascapes Resorts, Inc. The company’s net income attributable to the parent increased 19% to P6.13 billion in the first six months of the year, driven by a 14% increase in revenues to P37.23 billion.

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Opinion

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ATTY. ANTONIO S. SORIANO

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PROF. ENRIQUE SORIANO I came across this post in a Forbes magazine

by Frederic Kerrest and he nailed it right i n t h e h e a d , “M a ny st ar tup s e x p e r i e nc e d successful exits in 2013.

Others crumbled to the ground. A common cause for those failures?

Exhibiting hubris. It’s a big mistake that startups and established companies alike make. It lulls them into cockiness, complacency and a sense of invincibility and causes them to lose sight of what matters most – making customers successful.”

Remarkable Fall from Grace Such is the case of l e ge nd ar y Niss an , Renault and Mitsubishi boss Carlos Ghosn. Who would ever imagine that his arrest, detention and ouster by the board of Nissan Motors would

Member:

happen so swiftly…in just a matter of 4 days!

Considered a titan of the industry and the man behind the creation of the world’s largest carmaker, Ghosn was arrested in Japan last week. New York Times (NYT) described the arrest as a remarkable fall from grace for a man regarded as one of the most powerful executives in the auto industry. Mr. Ghosn has been credited w it h re v iv ing Niss an and Renault, the French automaker and eventually expanding his influence on Mitsubishi. He occupied the Chairman and/or CEO positions of all three carmakers and last year sold a total of 10.6 million cars.

What caused Ghosn to tumble? Lack of Governance, transparency and the dreaded word Hu b r i s ! A i d e d b y a w h i s t l e - b l o w e r, a n internal inquir y at Nissan found that he underreported his salary and used company assets for personal use. NYT reported that his own pay far outstripped those of his counterparts in Japan.

He reportedly earned four times the pay of Toyota’s chairman in 2017!

There were also

probing questions raised regarding Nissan Motor’s investment on luxur y homes in high profile cities like Paris, Amsterdam, Rio de Janiero and Beirut.

Why B eir ut? The acquisition of a property in an exclusive n e i g hb or h o o d w h e re Ghosn personally handpicke d e ar ne d a huge red flag amongst investors and regulators as Nissan did not have any significant investment in Lebanon. The only plausible reason was that G ho s n h a d L e b ane s e descent and spent many years as a child in Beirut.

He was also pilloried for bringing in independent directors to the Board d e spite t he i r l a ck of qualifications.

Lavish Lifestyle His 2016 second marriage was clearly high profile and was celebrated at Versailles with actors dressed in 18th century c o s t u m e . T h e l av i s h event was great fodder for gossip columnists.

His hero status was so big that his life was even chronicle d in one of Japan’s famous cartoon comic books.

Un f o r t u n at e l y, Ghosn’s arrest completely

wiped out whatever achievements he has done in his career starting with his 18-year stint with Michelin, the tire maker, w here h is le adersh ip skills was discovered.

After Nissan’s dramatic comeback, Ghosn earned the moniker as a nononsense executive with a penchant for cost cutting and performance-based compensation.

Unfortunately, after multiple successes and h e r a l d e d a s a h e r o, hubris swallowed Ghosn whole. It was apparent that he was no longer in contact with reality and felt an overestimation of his own competence, accomplishments and capabilities. If there is a better way to describe Ghosn’s actions in modern language, it is "pride that blinds" because it caused him to act in foolish ways that belie common sense.

T h i s h e ro t o z e ro chapter in Ghosn’s life reminds all of us to reflect and learn from a very important teaching taught by the Bible: “the spiritual descent of Lucifer into Satan is one of the most famous examples of hubris.” e s o r i a n o @ wongadvisory.com

Our best is never enough

Philippine Press Institute Oro Chamber

Stick your tongue out Think a minute…Have you noticed that one of the first things a doctor does when he examines you is ask you to stick out your tongue. It’s sometimes possible to know what’s wrong inside a person’s body just by looking inside a person’s mouth.

Some diseases and sicknesses can actually be seen on a person’s tongue. In fact, our tongue gives away many other things about us. Our accent and way we talk shows where we’re from.

Our tongue also reveals what’s inside our heart and mind. We usually talk about the things we really care about, such as money, status, food, gossip about others, or sports.

But even more than our words and actions, it’s our reactions that show what kind of person we really are inside.

Most of the time we can be good actors and control our tongue, especially when we want to impress and look good in front of others. So we carefully choose our words before we say them.

But then if somebody suddenly wrongs and hurts us, we may react quickly out of anger and try to hurt them back with unkind words. It’s in those unexpected pressure times that you and I show what is really in our heart

FRIDAY|NOVEMBER 1, 2019

Carlos Ghosn: Hubris caused his shocking downfall

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THINK A MINUTE

JHAN TIAFAU HURST by what comes out in the words on our tongue. We show our true feelings of anger, pride, prejudice, or unforgiveness, which we usually hide under the nice mask or act we put on in front of others.

But Jesus Christ loves us and knows we cannot clean and change our talking until we’ve first cleaned and changed our heart inside. Just like clean water cannot come out of a water tank that’s dirty inside, Jesus already sees what we are inside our heart and mind. He also knows that we are not able to change our heart by ourselves. So why not ask Him to take control of your life, so He can start cleaning and changing your heart today and for the rest of your life?

Just Think a Minute...

It’s indeed laudable that in whatever we do, we try to give it our best shot.

We should just remember that our best will never be enough insofar as pleasing God and everybody else is concerned. Our best can always be made better.

This should not surprise us, much less, cause us to worry. But we should acknowledge it so that we avoid getting selfsatisfied with what we have done and then fall into self-complacency. That’s when we stop growing and improving as a human person and as a child of God. We have to remember that we are meant for the infinite, for the spiritual and the supernatural.

That’s a goal that we can never fully reach in our life here on earth. But we are meant to keep on trying.

What can keep us going in this regard is certainly not our own effort alone, much less our desire and ambition for fame, power or wealth. It’s not pride or some form of obsessions. These have a short prescription period.

A ceiling is always set above them. In time, we

will realize that everything we have done was just “vanity of vanities.”

It is God’s grace that does the trick. It’s when we correspond sincerely to God’s love for us that we get a self-perpetuating energy to do our best in any given moment. It’s when we can manage to do the impossible.

It’s a correspondence that definitely requires a lot of humility because we all have the inclination to be proud of our accomplishments that would kill any desire to do better. It’s also a c or re s p on d e n c e t h at is always respectful of our human condition, given our strengths and weaknesses, our assets and limitations.

It is devoid of what is called as bitter zeal. In fact, there is a certain sweetness to it in spite of the amount of effort and sacrifices involved. A sense of joy and peace will always be felt. It also knows how to pass unnoticed, avoiding attracting unnecessary attention from others.

It is important that this attitude be instilled actively in all of us, since

it is what is proper to us as persons and children of God. At the moment, what we can readily see around is naked pursuit for power, fame, wealth, etc., all for the sake of human glory.

And once the supposed goal is reached, then a lot of flaunting, gloating and all other forms of self-glorification can be observed, blind to the fact that such behavior actually demeans our human dignity.

We need to help each other to do and give our best in whatever task we have out of sheer love for God and neighbor.

The appropriate training should be established in homes, schools and everywhere. The proper climate and environment should be created for this purpose.

Everyone has to be reminded that everything that we do should always be for the glory of God. To be sure, this attitude would not take away the autonomy we enjoy in expressing different and even conflicting views and opinions on certain issues.

It will not lead us to have

HINTS AND TRACES

ROY CIMAGALA a rigidly uniform way of life. It, in fact, can foster plurality and diversity.

But with it, our differences and conflicts would always be tackled wit h due resp e c t for everyone. With it, the plurality and diversity of our conditions cease to be a divisive agent. Rather they become enriching elements that can benefit everyone in his own way.

We should all strive to do better than our previous best mark or record. This is always possible because in the first place the field to do better is limitless, and God’s grace is always available.

It would just depend on us to take the challenge of God who wants us to be his “image and likeness,” no less.

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5

Banking&Finance

BPI exec eyes 50% of clients in digital platform by yearend M

By JOANN VILLANUEVA

In a briefing on Tuesday, BPI Chief Operating Officer Ramon Jocson said they have 8.5 million accounts, 1.8 million of which have

passbooks.

Jocson said new account holders usually access the bank’s electronic channels once they open their accounts.

“The challenge for us is for those who have accounts with us, ATM (automated teller machines) accounts that have not gotten to the branches yet to apply for an online account,” he said.

Jocson, however, said that once the account holders realize the advantage of accessing the digital platform, “the adoption is quite fast.”

“But it (the challenge)

LAND Bank of the Philippines, reported a net income gain of 23 percent year-on-year at P13.97 billion as of endSeptember from P11.36 billion same time in 2018.

Landbank, the country’s fourth biggest commercial bank and the largest government bank, in a statement Monday expressed confidence that it will meet its 2019 income target of P16.64 billion due to strong income from loans and

investments.

According to bank president and CEO Cecile C. Borromeo: “We continue to grow (Landbank’s) financial position as the bank’s profitable operations allow us to consistently drive support for our priority sectors, especially farmers and fishers.”

Borromeo returned to Landbank as its CEO last March after a twoyear stint as Development Bank of the Philippines

(DBP) top official. She was executive vice president of Landbank before joining DBP in 2017.

The bank’s third quarter net income exceeded its internal target of P12.48 billion by 12 percent, she said.

In the meantime Landbank’s return on equity slightly improved to 13.41 percent from 13.15 percent same time last year.

As of end-September, Landbank’s total assets

ANILA -- An official of the Ayala-led Bank of the Philippine Islands (BPI) said he hopes that half of their account holders would shift to digital transactions by the end of the year.

is really trying to reach out to them to involve them,” he said.

“So our target right now is to get to at least 50 percent (of the account holders to use the digital platform) by the end of the year,” he added.

Domestic banks are keeping up with technological innovations and changes in the financial landscape to ensure they are able to fully cater to their clients.

increased 11 percent yearon-year to P1.96 trillion from P1.77 trillion while deposits also rose by 11 percent to P1.74 trillion from P1.57 trillion. Its capital base grew by 16 percent to P144.87 billion from P124.88 billion endSeptember 2018.

Borromeo said income from loans as of endSeptember increased by 50 percent as its lending activities continue to grow. Its loan portfolio LANDBANK/PAGE 11

Asked how much BPI has allocated for their technology-related spending, Jocson declined to give specific figures, noting that “it is a part of our whole IT (information technology) budget.”

He said major banks in Asia allocate about 7.5 percent to 8 percent of their total revenues to IT budget.

“We also allocate about the same level,” Jocson said, noting, however, that

“within that, we now have to mix digital finances with that of other ITrelated expenditures.”

“We have to mix that because it’s very hard also to overspend,” he added.

On Tuesday, the bank launched its digital ecosystem, which has two components -- Open Banking and BPI Digital Platforms.

BPI Chief Digital Officer Noel Santiago DIGITAL/PAGE 11

LandBank income up 23% in 9 months BSP invests $150-M in green bonds THE Bangko Sentral ng Pilipinas (BSP) has placed $150 million in the green bond fund launched by the Bank of International Settlements (BIS).

In a statement Tuesday, the central bank said it is “proud to be a member of the advisory committee created by the BIS to give guidance on the objectives of the initiative and the features of the fund, which is designed

to help central banks incorporate environmental sustainability objectives in reserve management.”

“With its participation in the open-ended fund, the BSP takes a step further in recognizing the role of sustainable investing in reserve management,” it said.

“Investing in green bonds will also provide diversification benefits to INVESTS/PAGE 11

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FRIDAY|NOVEMBER 1, 2019

MOGCHS wins MisOr division PhilHealth Quiz Bee CAGAYAN de Oro City – Assim Jumaira Hadji of Misamis Oriental General Comprehensive High School (MOGCHS) won first place in the 1stNational Quiz Bee of Philippine Health Corporation (Philhealth) division level held at MOGCHS Cagayan de Oro City.

Second place went to Angelie Claire Pelaez of Talisayan Senior High School and third place went to Jenneth A. Casiño of Jasaan Senior High School.

In partnership with the Department of Education (DepEd), a total of 36 schools from the Misamis Oriental division joined

In partnership with the Department of Education (DepEd), a total of 36 schools from the Misamis Oriental division joined the contest of the 1st PhilHealth National Quiz Bee. (JMOR/PIA10)

Camiguin is PH’s top 4 most competitive province SHOWING exemplary performance in the four pillars of index— Economic Dynamism, Government Efficiency, Infrastructure and Resiliency, the Province of Camiguin is named the fourth Most Competitive Province in the Cities and Municipalities Competitiveness Index Awards held October 24 at the Philippine International Convention Center.

Spearheaded by the Department of Trade and Industry through its Competitiveness Bureau, the 7th Regional

Competitiveness Summit is participated in by 1,518 local government units (LGUs).

Meanwhile, the Municipality of Mambajao is hailed as the country's Most Competitive Municipality for the 3rd to 6th Class Municipalities Category.

The municipality also bagged the award for the Best in Economic Dynamism and the third place in Government Efficiency for the 3rd to 6th Class Municipalities Category.

Awards are given to CAMIGUIN/PAGE 11

PRIVATE-PUBLIC PARTNERSHIP ON DISASTER RESILIENCY: Energy-producer STEAG State Power Inc. (SPI) culminates its commemoration of the 2019 Business Continuity Awareness Week (BCAW) recently with a forum that tackles the importance of private-public partnership in enhancing the community’s ability to respond and recover from disasters and calamities. SPI Business Continuity Program (BCM) Manager Neil Quijano (left) said that the government and the private sector could foster greater collaboration in the areas of training, continuing education, technology, and information sharing. OCD 10 Director Rosauro Gonzales (2-L) lauded SPI for initiating the event and for promoting the importance of interdependency in building more resilient communities.

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FRIDAY|NOVEMBER 1, 2019

7

Environment Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region BRANCH 07 Tubod, Lanao del Norte NATIONAL GRID CORPORATION

SPL. CVL. ACTION NO. 048-07-2019 OF THE PHILIPPINES, Plaintiff,

- for - versus Expropriation SPOUSES DELSON SIAO and JOYCE RATUNIL, ROLANDO PINEDA, and AMELITA DEOGOSO PARING,

Defendants. x------------------------ / TO:

SUMMONS BY PUBLICATION

SPOUSES DELSON SIAO and JOYCE RATUNIL #53 Quezon Ave. corner Labao St., Iligan City G R E E T I N G S!

WHEREAS, on October 25, 2019, the Court issued an order granting the petitioner’s Motion with Leave of Court to Effect Summons by Publication, the dispositive portion of which reads as follows:

“In view thereof, this Court hereby grants the Motion to have Service of Summons by Publication at the expense of the Plaintiff”.

WHEREAS, Petition reads: “COMPLAINT (With Urgent Prayer for Issuance of Writ of Possession)

PLAINTIFF, National Grid Corporation of the Philippines (NGCP), by counsel, respectfully states that: 1.

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From left to right: 2019 DENR National Statistical Quiz winners Emelyn Joyce E. Nuguid of NCR, second runner-up; Eddie V. Lupio, Jr. of Region 11, champion; and Pia S. Cariño of Region 5, first runner-up.

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Region 11 rep wins in the 2019 DENR National Statistical Quiz Eddie V. Lupio, Jr., a Forest Technician I of DENRCENRO Panabo City was declared Champion in the 14th edition of the DENR National Statistical Quiz held last October 22, 2019at the EMB Air Quality Management Training Center.Lupio bested other contestants from 14 other regions.

Pia S. Cariño of Region 5 finished first-runner

up while Emelyn Joyce E. Nuguid of NCR was named second-runner up. For their feat, Lupio received Php 15,000 cash and plaque as champion while Cariño and Nuguid received Php10,000 and Php7,000 cash as first and second-runners up winners.

The 2019 DENR National Statistical Quiz was organized by

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the DENR Technical Committee on Statistical Concerns and Coordination and Statistics and Data Resource Management Division. The quiz contestis part of the 30th National Statistics Month celebration of DENR with the theme “Data Innovation: Key to a Better Nation.

Innovate. Collaborate.

Communicate”.

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enforce Republic Act 9003 or the Ecological Solid Waste Management Act of 2000.

“LGUs have the primary task of enforcing the provisions of RA 9003,” he pointed out.

Under the law, a person caught littering could be fined from P300 to P1,000, or render community service.

An estimated 30,000 tons of garbage is generated in the country every day, with 8,000 tons produced in Metro Manila alone. The volume shoots up during public events.

“The LGUs need to step up its implementation of RA 9003 as people continue to generate huge volume of garbage during Undas, practically turning graveyards into littering sites,” Cimatu said.

At the same time, the environment chief called on administrators of memorial parks and public cemeteries to install properly labelled garbage bins to encourage visitors to segregate their trash.

He also urged visitors to bring trash bags to be used for waste segregation, and to place their food in reusable containers instead of buying food packed on plastic and aluminum foils.

Visitors were also advised to bring their own water containers or jugs instead of buying water in plastic bottles, and to avoid using plastic utensils.

The use of banig or woven mats, and foldable tables and chairs will also limit the use of newspapers and plastic sheets for seating and eating.

Cimatu: Sanctions await DENR field officers not hitting greening program target DEPARTMENT of Environment and Natural Resources (DENR) Secretary Roy A. Cimatu will relieve the agency’s frontline field officers who will not meet the required 85-percent survival rate of planted tree seedlings contracted to peoples

organizations (POs) under the Expanded National Greening Program (E-NGP).

“I would like to let somebody take the command responsibility for these areas,” Cimatu told Provincial Environment and

Natural Resources Officers (PENROs) and Community Environment and Natural Resources Officers (CENROs), who were among the 181 DENR workers who completed the training course conducted by the DENR’s SANCTIONS/PAGE 11

Machine copies of the BIR Certification on the zonal valuation7 applicable to the subject property, Report on the Counts of Improvements8 and Valuation of Affected House/Structure9 are attached hereto.

Defendants, Rolando Pineda and Amelita Deogoso Paring are impleaded in this case in accordance with Sec. 1, Rule 67 of the Revised Rules of Civil Procedure being the alleged claimants of the structures and/or improvements on the subject property.

To enable the plaintiff to construct and maintain the Project, it is both necessary and urgent to acquire, upon payment of just compensation, the portion of the subject property, to ensure stability and reliability of the power supply in Mindanao and other regions of the country.

Plaintiff negotiated with defendants, through the office staff of Delson Siao, who forwarded NGCP’s letter offer to Mr. Delson Siao, for the acquisition of the affected portion of the subject property and to pay the cost of improvements/structures therein that may be damaged by the construction of the transmission line project. However, no agreement was reached between the parties.

Considering the urgent need for the plaintiff to enter the subject property to implement and commence the necessary construction activities for its Project, plaintiff has no other recourse but to file the instant complaint.

Rule 67 of the Revised Rules of Civil Procedure governs plaintiff’s expropriation cases, as expressly confirmed by R.A. 11361.10 Under Section 2 of Rule 67 of the Revised Rules of Civil Procedure, plaintiff may already enter and possess the subject property during the pendency of the expropriation case,11 thus: “SEC. 2. Entry of plaintiff upon depositing value with authorized government depositary. – Upon the filing of the complaint or at any time thereafter and after due notice to the defendant, the plaintiff shall have the right to take or enter upon the possession of the real property involved if he deposits with the authorized government depositary an amount equivalent to the assessed value of the property for purposes of taxation to be held by such bank subject to the orders of the court. Such deposit shall be in money, unless in lieu thereof the court authorizes the deposit of a certificate of deposit of a government bank of the Republic of the Philippines payable on demand to the authorized government depositary.”

[Emphasis supplied]

Cimatu calls for litter-free Undas

ENVIRONMENT Secretary Roy A. Cimatu has once again urged the public to keep memorial parks and public cemeteries free of trash during the observance of All Saints’ Day and All Souls’ Day this year.

“We can make the observance of Undas more meaningful if we keep the final resting place of our loved ones litter-free,” Cimatu said.

He reminded that showing respect for the dead also means keeping cemeteries clean.

“Let us honor our departed loved ones the proper way and that is to leave them with our prayers and not with our trash,” Cimatu said.

Cimatu also reminded local government units (LGUs) of their duty to

Plaintiff is a private corporation created and existing under Philippine laws, with principal office address at NGCP Building, Quezon Avenue corner BIR Road, Diliman, Quezon City. It may be served with notices and other court processes through its Right-of-Way Department (ROWD) – Mindanao Division, Maria Cristina, Iligan City, copy furnished the aforementioned principal office.

Pursuant to Republic Act (R.A.) No. 9511, plaintiff was granted a franchise to operate, manage and maintain, and in connection therewith, to engage in the business of conveying or transmitting electricity through a high-voltage back-bone system of interconnected transmission lines, substations and related facilities, systems operations, and other activities that are necessary to support the safe and reliable operation of a transmission system and to construct, install, finance, manage, improve, expand, operate, maintain, rehabilitate, repair and refurbish the present nationwide transmission system of the Republic of the Philippines.

Under Section 4 of the same law, plaintiff was granted the power of eminent domain, subject to the requirements of the Constitution and existing laws.

Plaintiff is engaged in the business of transmitting electric power from the generating plants of power producers to distributors. As such, plaintiff’s business is imbued with public interest.

To address the country’s growing power demand and ensure continuous, reliable and efficient power supply, there is a need to interconnect the three (3) major power grids of Luzon, Visayas, and Mindanao into a single national grid. Aside from the sharing of systems reserve, the interconnection will also help optimize utilization of indigenous energy resources such as natural gas in Luzon, geothermal in the Visayas and hydro in Mindanao. Owing to this necessity, plaintiff must immediately construct the transmission lines that will transmit power to distributors of electricity not only in Mindanao but also in Luzon and Visayas. This undertaking is for the use and benefit of the public and part of it is known as the MINDANAO-VISAYAS INTERCONNECTION PROJECT (MVIP), integral part of which is the KAUSWAGAN-LALA 230kV TRANSMISSION LINE PROJECT (Project).

The said MVIP is the first project certified by the Department of Energy (DOE) as an Energy Project of National Significance pursuant to R.A 7638 of DOE Act of 1992, as amended entitled to all the rights and privileges provided under Executive Order No. 30, series of 2017,1 as evidence by DOE Certification dated 8 May 2018 attached hereto as Annex “A”. It is targeted to be energized by December 2020.

Defendants, Spouses Delson Siao and Joyce Ratunil are both of legal age, Filipinos, and residents of #53 Quezon Avenue, corner Labao Street, Iligan City, where they may be served with summons and other processes of this Honorable Court.

Defendant, Rolando Pineda is likewise of legal age, Filipino and a resident of Brgy. Kakai-Renabor, Tubod, Lanao del Norte, where he may be served with summons and other processes of this Honorable Court.

Defendant, Amelita Deogoso Paring is also of legal age, Filipino and a resident of Brgy. Kakai- Renabor, Tubod, Lanao del Norte, where she may be served with summons and other processes of this Honorable Court.

Plaintiff intends to expropriate portion of a parcel of registered land identified as Lot No. 13, GSS-372, situated in Brgy. Kakai-Renabor, Tubod, Lanao del Norte. The said property is registered and declared for taxation purposes in the name of defendant Delson Siao married to Joyce Ratunil per Transfer Certificate of Title No. T-20, 9212 and Tax Declaration No. H-100031 (22).3 It is more particularly described below together with the affected area sought to be expropriated consisting of a total area of 11,899 square meters, as shown in the attached Sketch Plan4 and Technical Descriptions5.

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In compliance with the notice requirement, plaintiff hereby serves, simultaneous with the filing of the instant Complaint, a Notice to Take Possession (Annex “I”) upon the defendants.

To comply with the deposit requirement, plaintiff, notwithstanding that R.A. 10752 does not specifically apply to it, shall deposit with the Honorable Court an amount equivalent to the 100% of the BIR zonal value of the land sought to be expropriated – an amount higher than its assessed value required by Rule 67, plus the cost of the affected improvements, in the total amount of EIGHT HUNDRED THIRTY-ONE THOUSAND FOUR HUNDRED TWENTY-NINE PESOS AND 52/100 (Php831,429.52), consistent with the purpose of the said law and OCA Circular No. 113-2019 to simplify the deposit requirement in expropriation cases for the benefit of the defendants and in the interest of immediate implementation of projects intended to benefit the public.

Upon deposit of the provisional amount, plaintiff would have fully complied with the requirements for the issuance of a writ of possession as mandated by law.

In a long line of cases12 and OCA Circular No. 113-2019, once the above requirements are complied with it, it becomes the ministerial duty of the trial court to issue the writ of possession in favor of the plaintiff, without need of any further hearing. Therefore, the Honorable Court can already immediately issue to the plaintiff an order to take possession of the property and start the implementation of the project.

WHEREFORE, premises duly considered, plaintiff most respectfully prays of this Honorable Court to: 1.

ISSUE a Writ of Possession in plaintiff’s favor; authorizing plaintiff to enter and take possession of the property subject of this complaint that will be affected by the construction and implementation of the MVIP-Kauswagan-Lala 230 kV Transmission Line Project, consisting of a total area of 11,899 square meters, more or less, as described in paragraph 10 hereof; demolish the affected structures standing therein; ordering all defendants to vacate the same; directing the Philippine National Police (PNP) to assist the plaintiff in the implementation of the said writ of possession so that project construction can immediately commence even during the pendency of the case and/or for the conduct of the counting of affected improvements, if necessary; 2.

ISSUE an Order of Expropriation declaring that the plaintiff has a lawful right to take possession and acquire the affected property specified in paragraph 10 hereof; 3.

After the determination of just compensation, to authorize the payment thereof by plaintiff to the defendants after deducting the capital gains and documentary stamp taxes for the transfer of the affected portion of Lot No. 13, GSS-372, in the name of plaintiff, all other outstanding taxes under the National Internal Revenue Code, and all outstanding realty taxes and dues under the Local Government Code, which plaintiff shall remit to the Government; 4.

ISSUE a judgment after determination of just compensation, declaring plaintiff as the lawful owner of the affected portion of Lot No. 13, GSS-372 consisting of a total area of 11,899 square meters, more or less, described in paragraph 10 hereof; 5. DIRECT: a.

The Registry of Deeds of Lanao del Norte to register the Order of Expropriation and Judgment on the TCT No. T-20,921 and issue a new transfer certificate of title in the name of the plaintiff with respect to the portion of the subject property sought to be expropriated herein; and b.

The Municipal Assessor of Tubod and/or Provincial Assessor of Lanao del Norte to cancel Tax Declaration No. H-100031 (22) and issue new and separate tax declaration covering the portion of the subject property sought to be expropriated herein.

Plaintiff prays for other relief as just and equitable under the premises.

Quezon City for Tubod, Lanao del Norte SEP 30 2019

By:

NATIONAL GRID CORPORATION OF THE PHILIPPINES Power Center, Quezon Avenue cor. BIR Road Diliman, Quezon City (Sgd) LUIS MANUEL U. BUGAYONG PTR No. 7324882 – 01/04/19 – Quezon City IBP Lifetime No. 010191/Rizal Chapter MCLE Compliance No. VI-0012003 Roll of Attorneys No. 38002

(Sgd) GORDON S. MONTOJO PTR No. 7324885 – 01/04/19 – Quezon City IBP Lifetime No. 010193/ Quezon City MCLE Compliance No. VI-0012024 Roll of Attorneys No. 44910

(Sgd) IRIS O. HONTANOSAS PTR No. 7324893 – 01/04/19 – Quezon City IBP Lifetime No. 010197/ Cebu City MCLE Compliance No. VI-0012017 Roll of Attorneys No. 52987

By:

RIGHT-OF-WAY DEPARTMENT – MINDANAO DIVISION NATIONAL GRID CORPORATION OF THE PHILIPPINES Maria Cristina, Iligan City (Sgd) KERTH JOSSEF M. ABLANQUE PTR No. 8655212 – 01/07/19 – Iligan City IBP Lifetime No. 012019 MCLE Compliance No. VI-0011641 Roll of Attorneys No. 60170 (Sgd) JUNELLA G. LIMPANGOG-ABARQUEZ PTR No. 8655211 – 01/07/19 – Iligan City IBP Lifetime No. 1016339 – 12/7/17 – Iligan City MCLE Compliance No. V-0022527 Roll of Attorneys No. 58980”

NOW THEREFORE, the above-mentioned Defendants 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 above-quoted 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, October 29, 2019.

MDN: November 1, 8 & 15, 2019

ATTY. AISA B. MUSA-BARRAT Clerk of Court VI

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

FRIDAY|NOVEMBER 1, 2019

Fintech seen as catalyst for PH competitiveness boost — GCash

D

EVELOPING the local financial technology (fintech) industry will help boost the competitiveness ranking of the Philippines in the coming years, as it aids in the creation of an enabling environment that promotes improved human capital.

GCash President Anthony Thomas said building a cashless ecosystem that enables the development of the digital economy across different industries will play a key role in improving the Philippines’ ranking in the Global Competitiveness Index of the World Economic Forum (WEF).

“Fintech presents a wealth of opportunities and benefits for the overall economy. Aside from reducing corruption and chargers attached to maintaining a paperbased payment system, fintech also promotes greater financial inclusion and enables government agencies and businesses

to process transactions seamlessly. All these benefits will play a key role in improving the country’s competitiveness ranking,” Thomas said.

The Philippines fell by eight places to 64th from 56th out of 141 economies surveyed by the WEF, after garnering an overall score of 61.9 points in 2019 from

2019 Outstanding Marine Protected Area Networks Award: 2 national finalists gikan sa MisOr M I - S TA N D O U T n a usab ang Misamis Oriental sa hisgotanang pangkinaiyahang paningkamot. Pamatuod niini ang bag-ohay pa lang gipahigayong 2019 7th Para el MAR: Marine Protected Area Awards & Recognition niadtong Oktubre 21-23, 2019 sa University of the Philippines, Quezon City.

Sa maong awards, giila ang duha ka National Finalists gikan sa Misamis Oriental isip 2019 Outstanding Marine Protected Area Networks.

Migula isip Champion ang Misamis OrientalGi ngo o g B ay A l l i an c e (GBA) nga girepresentahan ni Mayor Rommel Maslog s a Ta l i s ay an , Mi s am i s

Oriental; ug 1st Runner-up usab ang Misamis Oriental Macajalar Bay Development A l l i an c e ( M B DA ) n g a girepresentahan ni Mayor D i o s d a d o O b s i om a s a Laguindingan kauban si Ms. Kr ist ine Ga lar r it a ubos sa 2019 Outstanding Marine Protected Area N e t w o r k s ( M C PA N s ) Category.

Nahimong 2nd Runnerup ang KAHIL ICAMC sa Negros Occidental.

Tumong niining matag human sa duha ka tuig nga kalihukan kon biennial event, nga mapakita ang labing maayong pagdumala sa mga Marine Protected Areas (MPA) sa tibuok n a s u d s a Pi l ipi n a s u g p a g h at a g op or tu n i d a d

alang sa mga tigpasiugda niini hilabina mga lideres nga makakat-on gikan sa nagkalain-laing kasinatian.

Nagpadangat og pahalipay si Gobernador Bambi Emano sa Misamis Oriental Department Heads Association (MODHA) hilabina sa buhatan sa Environment & Natural Resources pinanguluhan ni Engr. Prisco Valmoria, tungod kay nagbunga ang tanang paningkamot sa pag-preserba ug pagprotekta sa coastal areas ug marine resources dinhi sa lalawigan sa Misamis Oriental.

Katimbayayong sa NGO-Marine Conservation in the Philippines ang pangagamhanang lokal

sa Misamis Oriental ku ng h i s g ut an n a ang dedikasyon sa pagpreserbar ug pagpanalipod sa mga kahinguhaan sa baybayon sa Pilipinas pinaagi sa infor mat ion e ducat ion campaigns, boluntar yo gikan mismo sa kinabagan , u g m a k anu n ayong panukiduki kon research kon unsang matang sa environmental protection nga gikinahanglan dinhi sa lalawigan. Matud ni Gobernador Bambi Emano, ang kinaiyahan kinabuhi sa tanang binuhat nga angay ampingan, protektahan b a t o k s a p a n g - a b u s o, u g h at a g a ' g b i l i a r o n kinabuhi mo ug kinabuhi ko mahimong luwas gikan sa kadaut.

62.1 points the year prior.

The points are measured by a dozen factors ranging from infrastructure to innovation capability, taking into account measurements on productivity, human development, and economic growth.

Thomas said introducing fintech into different services will help create a more seamless process for the delivery of goods and services, including government transactions.

“By adopting fintech solutions, government agencies and companies are creating more value for consumers, while providing them with better and more seamless

processes that ultimately lead to better productivity and, as a byproduct, economic growth,” Thomas said.

McKinsey Global Institute reported that digital finance has the potential to increase the gross domestic products (GDPs) of emerging economies — like the Philippines — by as much as six percent by 2025.

In the Philippines, GCash leads the cashless revolution, which is marked by better access to payments and financial services that are delivered through mobile phones and the Internet. Hailed as the preferred fintech of Filipinos by Nielsen, GCASH/PAGE 10

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

METRO ILIGAN TRANSPORT SERVICE COOPERATIVE CASE NO. R-10-EV-PUJ (MITSCO) 2019-10-2980 Rep. By: REYNALDO (2015-10-483) A. PONIO (2014-10-2293/832)

MARINO ALIVIO

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority To extend the Validity of a Certificate of Public Convenience to operate PUJ SERVICE on the line ; ILIGAN CITY PROPER TO GREEN HEIGHTS via ANDRADA and vice versa with the use of ONE (1)units.

This application/petition shall be considered by this Board on November 13, 2019, at 10;15 A.M. at Cagayan de Oro City this Board on which date Applicant/(s) Petitioner(s) shall formally submit his/her/their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least TEN (10) days prior to the date of hearing once in a newspaper of local circulation

Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/her/ their oral testimony(ies).

N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION.

WITNESS, AMINODEN D. GURO,Regional Director,LTFRB-Region X, this 28th day of October 2019 at Cagayan de Oro City,Philippines.

ATTY. MOHAMAD FAHDEL S. PIMPING Hearing Officer BWM: November 1, 2019

CASE NO. R10-EV-PUJ 2019-10-2982 (2014-10-615)

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority To extend the validity of Certificate of Public Convenience to operate PUJ SERVICE on the line ; ILIGAN CITY PROPER TO TIPANOYPINDUNGANGAN and vice versa with the use of one(1)units.

This application/petition shall be considered by this Board on November 13, 2019 at 10;15 A.M. at this Board on which date Applicant/(s) Petitioner(s) shall formally submit his/her/their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least TEN(10) days prior to the date of hearing once in newspaper of general circulation in the Mindanao.

Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies).

N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION.

WITNESS, AMINODEN D. GURO, Regional Director, LTFRB-Region X,this 28th day of October 2019 at Cagayan de Oro City Philippines.

ATTY. MOHAMAD FAHDEL S. PIMPING Hearing Officer BWM: November 1, 2019

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

ANOLITA GABONADA CASE NO. R10-EV-PUJ

2019-10-3036

(2014-10-2106)

MARIO E. OROCAY

ARCHIE M. ASENTISTA

LANCE M. BARBERAN

JEREMIAS B. RETUERTO

STEWART P. GUIDGUID

CASE NO. R10-EV-PUJ 2019-10-2980 (2014-10-2107)

NOTICE OF HEARING

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority To extend the validity of Certificate of Public Convenience to operate PUJ SERVICE on the line ;ILIGAN CITY PROPER BACAYOMERCY-IBJT and vice versa with the use of one(1)units.

This application/petition shall be considered by this Board on November 13, 2019 at 10;15 P.M. at this Board on which date Applicant/(s) Petitioner(s) shall formally submit his/her/their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least TEN(10) Days prior to the date of hearing once in a newspaper of local circulation.

Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies).

N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION.

WITNESS, AMINODEN D. GURO, Regional Director, LTFRB-Region X, this 28th day of October 2019 at Cagayan de Oro City, Philippines.

APPLICANT(s)/PETITIONER(s) request/s authority For the Change of Party of the Certificate of Public Convenience to operate PUJ SERVICE on the line;ILIGAN CITY PROPER TO BURU-UN and vice versa with the use of ONE(1)units.

This application/petition shall be considered by this Board on November 13, 2019 at 10;15 A.M. at this Board on which date Applicant/(s) Petitioner(s) shall formally submit his/her/their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least TEN(10) days prior to the date of hearing once in a newspaper of local circulation.

Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies).

N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION.

WITNESS, AMINODEN D. GURO, Regional Director,LTFRB-X this 28th day of October 2019, Cagayan de Oro City, Philippines.

ATTY. MOHAMAD FAHDEL S. PIMPING Hearing Officer BWM: November 1, 2019

ATTY. MOHAMAD FAHDEL S. PIMPING Hearing Officer BWM: November 1, 2019

CASE NO. R10-EV-TX 2019-10-3268 (2014-10-1526)

CASE NO. R10-EV-TX 2019-10-3269 (2014-10-515)

NOTICE OF HEARING

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority To extend the validity of a certificate of public convenience to operate AIRCON TAXI SERVICE on the route;Cagayan de Oro City to any point in Region X and vice versa with the use of TWO(2)units.

This application/petition shall be considered by this Board on November 13, 2019 at 10;00 A.M. at this Board on which date Applicant/(s) Petitioner(s) shall formally submit his/her/their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least TEN(10) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island.

Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies).

N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION.

WITNESS, AMINODEN D. GURO, Regional Director,LTFRB-Region X,this 28TH day of October 2019, Cagayan de Oro City, Philippines.

APPLICANT(s)/PETITIONER(s) request/s authority to Extend of validity of certificate of public convenience to operate AIRCON TAXI SERVICE on the route;CAGAYAN DE ORO CITY TO ANY POINT IN REGION X and vice versa with the use of THREE(3)units.

This application/petition shall be considered by this Board on November 13, 2019 at 10;00 A.M. at this Board on which date Applicant/(s) Petitioner(s) shall formally submit his/her/their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least TEN(10) days prior to the date of hearing once in a newspaper of local circulation.

Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies).

N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION.

WITNESS, AMINODEN D. GURO,Regional Director, LTFRB-Region X, this 29th day of October 2019, Cagayan de Oro City, Philippines.

ATTY. MOHAMAD FAHDEL S. PIMPING Hearing Officer

ATTY. MOHAMAD FAHDEL S. PIMPING Hearing Officer

BWM: November 1, 2019

BWM: November 1, 2019

CASENO.R10-EV-CC-TX 2019-10-3252 (2014-10-246) (2013-10-1910)

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority To Extend of validity of certificate of public convenience to operate AIRCON TAXI SERVICE on the line;CAGAYAN DE ORO CITY TO ANY POINT IN REGION X and vice versa with the use of TWO(2) units.

This application/petition shall be considered by this Board on November 13, 2019 at 10;00 A.M. at this Board on which date Applicant/(s) Petitioner(s) shall formally submit his/her/their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least TEN(10) days prior to the date of hearing once in a newspaper circulation.

Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies).

N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION.

WITNESS, AMINODEN D. GURO, Regional Director, LTFRB-Regional X, this 29TH day of October 2019 at Cagayan de Oro City, Philippines.

ATTY. MOHAMAD FAHDEL S. PIMPING Hearing Officer BWM: November 1, 2019

CASE NO. R10-EV-PUJ 2019-10-3253 (2014-10-2152)

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority To extend the validity of certificate of public convenience to operate PUJ SERVICE on the line ; CAGAYAN DE ORO CITY TO VALENCIA CITY VIA MALAYBALAY CITY and vice versa with the use of ONE (1)units.

This application/petition shall be considered by this Board on November 13, 2019 at 10;00 A.M. at this Board on which date Applicant/(s) Petitioner(s) shall formally submit his/her/their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least TEN(10) Days prior to the date of hearing once in a newspaper of local circulation.

Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies).

N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION.

WITNESS, AMINODEN D. GURO, Regional Director, LTFRB-X, this 29th day of October 2019 at Cagayan de Oro City, Philippine.

ATTY. MOHAMAD FAHDEL S. PIMPING Hearing Officer BWM: November 1, 2019

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

FRIDAY|NOVEMBER 1, 2019

9

10

GCash...

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

FRIDAY|NOVEMBER 1, 2019

GCash has the widest reach of partners that range from government institutions, local government units, non-profit organisations, and business establishments.

GCash enables Filipinos to pay for their transactions with government offices such the National Bureau of Investigation, the Department of Foreign Affairs, the Philippine Statistics Office, the National Home Mortgage Finance Corp., the Metropolitan Manila Development Authority, the Social Security System, the Bangko Sentral ng Pilipinas, t he Mar itime Industr y Authority, Pag-ibig, and the local government of Quezon City.

It also allows citizens of Makati make the most out of their local IDs by infusing GCash’s technology into the Makatizen Card, bringing residents closer to government services such as payments of taxes and government fees. They can also use the Makatizen Card to receive cash allowances, stipends, and

other cash benefits, as well as for personal remittances and other financial transactions.

GCash has also been tapped by different sectors in the transport industry such as Grab, Beep, Cebu Ferry, BGC Bus, Lalamove, Corominas Taxis, Araneta Center Bus Terminals, and even tricycle organisations all over the Philippines.

GCash is also present in multiple business processing outsourcing companies as well as schools like De La Salle University, Ateneo, and Enderun.

Aside from this, GCash users may also use their GCash accounts to transact in various malls, convenience stores, drug stores, and supermarkets — from Ayala Malls to Puregold — and micro, small and medium enterprises (MSMEs) like stalls in public markets.

“Our broader goal as an organization is to provide finance for all and we will continue to bring GCash into different industries to support the cashless revolution that is currently happening in the Philippines. As a strong government partner, we are

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

ORO TRANSPORT SERVICE CASENO.R10-EV-CC-TX Rep. By: 2019-10-3243 ELSIE MENDOZA (2014-2521/2013 2016/2008-2220)

SHARON ROSE B. ASENTISTA Applicant/s

from page 8

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority To extend the validity of certificate of public convenience to operate AIRCON TAXI SERVICE on the route ;CAGAYAN DE ORO CITY TO ANY POINT IN REGION X and vice versa with the use of FIFTEEN (15)units.

This application/petition shall be considered by this Board on November 13, 2019 at 10;00 A.M. at this Board on which date Applicant/(s) Petitioner(s) shall formally submit his/her/their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least TEN(10) days prior to the date of hearing once in a newspaper of local circulation.

Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies).

N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION.

WITNESS, AMINODEN D. GURO, Regional Director, LTFRB-Region X ,this 29th day of October 2019 at Cagayan de Oro City, Philippines.

ATTY. MOHAMAD FAHDEL S. PIMPING Hearing Officer BWM: November 1, 2019

CASE NO. R10-EV-TX 2019-10-3270 (2013-10-1939)

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority To extend the validity of certificate of public convenience to operate AIRCON TAXI service on the route ;Cagayan de Oro City to any point in Region X and vice versa with the use of one(1)units.

This application/petition shall be considered by this Board on November 13, 2019 at 10;00 A.M. at this Board on which date Applicant/(s) Petitioner(s) shall formally submit his/her/their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least TEN(10) days prior to the date of hearing once in a newspaper of local circulation.

Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies).

N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION.

WITNESS, AMINODEN D. GURO, Regional Director, LTFRB-Region –X, this 29th day of October 2019 at Cagayan de Oro City, Philippines.

ATTY. MOHAMAD FAHDEL S. PIMPING Hearing Officer BWM: November 1, 2019

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

ERIC A. CARACHO CASENO.R10-EV-CC-TX Applicant/s 2019-10-3150

(2014-2095/2013-1133/

2006-842/2005-673)

NOTICE OF HEARING

REUEL M. GARZON CASE NO. R10-EV-PUJ Applicant/s 2019-10-3254

(2009-10-1423)

APPLICANT(s)/PETITIONER(s) request/s authority To extend the validity of certificate of public convenience to operate AIRCON TAXI SERVICE on the line ;CAGAYAN DE ORO CITY TO ANY POINT IN REGION X and vice versa with the use of FOUR (4)units.

This application/petition shall be considered by this Board on November 13, 2019 at 10;00 A.M. at this Board on which date Applicant/(s) Petitioner(s) shall formally submit his/her/their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least TEN(10) days prior to the date of hearing once in a newspaper of local circulation.

Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies).

N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION.

WITNESS, AMINODEN D. GURO, Regional Director, LTFRB-Region X ,this 29th day of October 2019 at Cagayan de Oro City, Philippines.

ATTY. MOHAMAD FAHDEL S. PIMPING Hearing Officer

ATTY. MOHAMAD FAHDEL S. PIMPING Hearing Officer BWM: November 1, 2019

All Saints’, All Souls’, 2 different days for the dead

By ADRIAN CARLO HERICO, PNA

Filipinos all over the country take advantage of the first two days of November to pay respects to their departed loved ones, as well as reunite with their kin and old friends.

But while these days are, by all means, occasions for remembering the dead, November 1 or All Saints’ Day is intended as a time to honor all saints, known and unknown, along with filling in any shortage of feasts involving saints within the year, according to the Catholic website, New Advent.

On the other hand, every November 2 or All Soul’s Day, the Christian faithful are urged to pray for the souls of their fellow believers who have died, to help them be cleansed of their past sins that prevent them from getting to heaven.

Remembering the dead has been a practice throughout Christian history.

Pope Boniface IV in 609 AD decreed that the tradition in remembering saints should include all martyrs, which produced

DEPARTED LOVED ONES. Caretakers of the Libingan ng mga Bayani clean the tombs of our fallen heroes ahead of the observance of the All Saints Day and All Souls Day, on Monday (Oct. 28, 2019).

November 1 and 2 have been declared as special non-working days under Proclamation No. 555, series of 2018, issued by President Rodrigo Duterte, to strengthen family ties by providing more time to observe their most cherished tradition of visiting loved ones during the period. (PNA Photo by Avito C. Dalan)

the Feast of All Holy Martyrs that used to be celebrated on May 13, according to a BBC report.

The reason for May 13 is that a feast for martyrs has existed in the Eastern church, falling under the same date, which coincided with Boniface IV’s dedication of the Pantheon temple in Rome to a church consecrated to the Virgin Mary and all martyrs.

The current date of All Saints’ Day was a result of Pope Gregory IV’s actions, together with the decree of Holy Roman Emperor Louis the Pious in 837 AD,

Republic of the Philippines SUPREME COURT Regional Trail Court of Misamis Oriental 10th Judicial Region Branch 44 Initao, Misamis Oriental 1st NOTICE OF EXTRAJUDICIAL SALE EJF File No. D-2019-389 Upon extra-judicial petition for sale under Act 3135 filed by Lorenzo Tan Multi-purpose Cooperative, a cooperative organized under the laws of the Republic of the Philippines, represented by its Branch Manager Jonjie Endrina, against NENITA L. NALDO, of legal age, Filipino, married, and a resident of Tubajon, Laguindingan, Misamis Oriental, to satisfy the mortgage indebtedness which, as of August 31, 2017 amounts to ONE MILLION SIX HUNDRED SEVENTY ONE THOUSAND FOUR HUNDRED FIFTY THREE PESOS (Php 1,671,453.00), Philippine currency, plus the stipulated interest and penalty accruing thereafter, and attorney's fees, the undersigned or his duly authorized deputy will sell at public auction on December 10, 2019 at 10:00 a.m. or soon thereafter at the main entrance of the office of the Regional Trial Court, Branch 44, Initao, Misamis Oriental to the highest bidder, for cash and in Philippine currency, the following property with all their improvements, to wit: Transfer Certificate of Title No. T-35378

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority To extend the validity of certificate of public convenience with Substitution of unit/s to operate PUJ SERVICE service on the line ;MALAYBALAY CITY TO VALENCIA CITY –KIBAWE-LANTAPAN and vice versa with the use of ONE (1)units.

This application/petition shall be considered by this Board on November 13, 2019 at 10;00 A.M. at this Board on which date Applicant/(s) Petitioner(s) shall formally submit his/her/their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least TEN(10) days prior to the date of hearing once in a newspaper of local circulation.

Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies).

N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION.

WITNESS, AMINODEN D. GURO, Regional Director, LTFRB-Region X ,this 29th day of October 2019 at Cagayan de Oro City, Philippines.

BWM: November 1, 2019

committed to helping the Philippine economy grow and be more competitive in the years to come,” Thomas said.

Today, GCash has the widest mobile digital financial services in the Philippines. Beyond sending and receiving money, GCash users are enabled to pay for their bills online, buy airtime load, invest money, and have access to savings and credit lines. They may also use their GCash apps to pay for physical transactions and transfer money to and from other banks and fintech players.

GCash has also partnered with NGOs to facilitate donations faster through its GCash For Good program.

Apart from regular donations, this platform also has the potential to be an aggregator of funds in times of disaster relief.

The GCash app has also become a platform for causes, like environmental protection and preservation.

Through GCash Forest, GCash is helping in the greening efforts of the government and sustainability partners such as the World Wildlife Fund and the Biodiversity for Finance (BIOFIN).

“The use of fintech for the development of the country is immense. There are many more use cases that we are planning to launch very soon, and using our platform to drive economic growth both in the macro and micro level is a role that we want to sustain in the long run,” Thomas said.

Beginning at a point marked "1" on plan, being N. 59 deg.

32'E., 79.85 m. from BLLM No. 29, Cad-237, Cagayan Cadastre: THENCE

1-2 N. 2-3 N. 3-4 S. 4-1 s.

64 deg. 57'W., 33 deg. 18'E., 64 deg. 57'E., 37 deg. 10'W.,

30.00 m.

19.76 m.

31.36 m.

20.00 m.

Prospective buyers may investigate for themselves the title hereinabove-described and encumbrance thereon, if any there be.

In the event that the auction should not take place on the said date, it shall be held immediately on the next working day without further notice.

October 2, 2019 at Initao, Misamis Oriental, Philippines.

BWM: Oct. 18, 25 & Nov. 1, 2019

(SGD) JAY FRANCIS C. RATUNIL Sheriff IV

that changed the Feast of All Holy Martyrs to the day on November 1 we know today.

Likewise, the observance of All Souls’ Day on November 2 was the result of a practice by Saint Odilo, Benedictine abbot of Cluny in France, who set the date in 998 AD to offer prayers for souls in purgatory.

The practice has since spread throughout the Western church, giving Christians the two days of remembrance for the souls who are in heaven and for those who are in the process of purification.

The Catholic website ChurchPOP, meanwhile, noted that All Saints’ Day and All Soul’s Day were traditionally part of a triduum or three days of observance in the Roman Catholic Church known as Allhallowtide, which commemorated all the faithful departed, including saints and martyrs, which begins on October 31.

The celebration we now know as Halloween is actually a shortened name for All Hallows’ Eve, DIFFERENT/PAGE 11 Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City APRIL JOY RAYLA Applicant/s

CASENO.R10-NC-PA-TH 2019-10-3279

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority For the issuance of certificate of public convenience to operate TH FREIGHT SERVICE on the route; Within CAGAYAN DE ORO CITY AND FROM SAID PLACE TO ANY POINT IN THE ISLAND OF MINDANAO ACCESSIBLE TO MOTOR VEHICLE TRAFFIC and vice versa with the use of TWO(2)units.

This application/petition shall be considered by this Board on November 13, 2019, at 2;15 P.M. at this Board on which date Applicant/(s) Petitioner(s) shall formally submit his/her/their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least TEN(10) days prior to the date of hearing once in a newspaper of local circulation.

Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies).

N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION.

WITNESS, AMINODEN D. GURO, Regional Director, LTFRB-Region X, this 29th day of October 2019 at Cagayan de Oro City, Philippines.

ATTY. MOHAMAD FAHDEL S. PIMPING Hearing Officer BWM: November 1, 2019

11

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FRIDAY|NOVEMBER 1, 2019

Digital... said open banking is “far reaching and with nearlimitless possibilities.”

“We are capitalizing on this to grow our network of t r uste d p ar t ners s o that clients can easily and conveniently transact via one app or website,” he said.

The bank has partnered with nine entities with 36 services, such as Lazada, GCash, and Paymaya, to further aid their clients’ needs.

It a ls o l aunche d its conversational banking app called “Bea of BPI”, which serves as a personal banker.

(PNA)

square meter area and owners will only have to pay about P3,000 per month as the land development will no longer be charged to them.

"This is not a guarantee of success. This is just the beginning of another phase and this phase is called implementation. It's not going to be easy, there will be challenges. There will be obstacles that will come our way. There will be contingencies that we will be needing along the way. There will be problems.

Ang importante (what is important) is let's give ourselves completely ani nga (to this) project," Moreno said. (Recthie T. Paculba/ PIA10)

from page 5

from page 1

from page 5

LandBank...

amounted to P869.31 billion, up almost four percent from P838.75 billion last year.

The bank, by its mandate, is the largest source of agriculture loans. During the first three quarters, its gross loans to the agriculture sector totaled P227.55 billion.

Of this amount, P41.25 billion are loans to small farmers including agrarian reform beneficiaries as well as fishers, and their associations.

Another P186.29 billion were released to agri-business value chain borrowers.

Landbank said it continues to be “largely compliant” with the Agri-Agra Credit Law, with a 21.74 percent compliance level based on prescribed allocation for agrarian reform credit. It also has a 429.29 percent compliance level for other agricultural credit.

The Agri-Agra Credit Law requires banks to allot at least 10 percent of its credit allocation for agriculture and agrarian reform credit and another 15 percent to borrowers for other agricultural purposes.

Invests... from page 5

the Bank’s total reserves,” it added.

BSP Governor Benjamin Diokno said the country’s investment in BIS’ green bond fund “is now part of RP’s (Republic of the Philippines) GIR (gross international reserves).” “ I t ’s p a r t o f t h e diversification of the Bank’s reserves,” he said in a text message.

T h e B S P s t at e m e nt cited that “climate change appears to be inevitable, and the financial sector has a significant role to play in pursuing sustainable and inclusive growth in the global economy, the environment, and society.”

“The BSP is one with t he BIS in its bro ader commitment to support environmentally responsible finance and investment practices,” it added. (PNA)

Housing... from page 2

60-hectare township. It is also aimed to be the gateway to creating a diverse community in Cagayan de Oro. Each housing unit will have a 100

Projects...

tribal lands in Talaingod town as the pilot area.

S ecretar y Emmanuel Piñol, MinDA chairperson, has seen the need for the project following the threeday trip to the Mindanao Pacific Rim last October 16 to 18, where deforested mountains and scarce water supply were familiar.

“I was confronted with the sights of deforested mountains and problems of water supply in coastal communities,” Piñol said.

He added that there is the vast potential of tree and bamboo farming, which will provide a livelihood to tribal communities given a high demand for stable wood and bamboo supply.

“I learned that wood processors alone would need an estimated 200,000 cubic meters of wood for doors, windows, and cabinet”, Piñol said.

“Instead of importing wood from other countries, especially Eucalyptus, they can source their wood and bamboo supplies from the vast tribal lands of Mindanao," he added.

Green Mindanao will address multiple problems of deforestation, flooding, and landslides, water problems, and provide sustainable income to indigenous peoples.

“The project is designed to bring back trees in the deforested mountains, ensure sustainable water supply and provide a livelihood to the Tribal communities which have long been neglected”, Piñol said. (PNA)

Terminals... from page 1

and Regulatory Board-10 (LTFRB-10) said Wednesday mechanisms have already been put in place to ensure a safe travel for the riding public.

To prevent any untoward incidents while buses are ferrying passengers to their destinations, LTFRB-10 regional director Aminoden Guro said they have reminded bus companies to augment the deployment of their safety officers.

“Aside f rom security g u ard s , bu s c omp an i e s must see to it that there are enough safety officers to check the buses before traveling,” Guro said.

The deployment of safety officers was part of the Department of Transportation’s program, under the Office of Tr a n s p o r t S e c u r i t y (OTS), to see to it that the commuters would arrive in their destinations safely, he said.

These safety officers have been oriented by the OT S to w hat cours e of action to take in case they found a bomb inside the bus, for instance, he said.

He added the LTFRB-10 personnel are also checking if bus es have a clos e dcircuit television camera installed, dashboard camera, global positioning system, and wireless internet connection.

The agenc y has a ls o checked the roadworthiness of the buses, he said, adding that they have reminded operators to replace worn-out tires, to fix any mechanical problems, and to assign extra drivers for fleets that ply long-distance routes.

Bus operators have been required by the transportation department to install these gadgets to comply with the Omnibus Franchising Guidelines.

Guro said two bus companies – Rural Transit Mindanao Inc. (RTMI) and Super Five Bus Transport Inc. – have requested the LTFRB-10 to issue special permits for their fleet to ply outside their authorized routes due to passenger demand.

“We issued more than 60 special permits to RTMI and Super 5,” he said.

The LTFRB-10 has also set up public help desks in the two bus terminals in barangays Lapasan and Bulua to cater to commuters needing assistance, esp ecially p ersons with disabilities, senior citizens, l a c t at i ng m ot h e rs , an d preg nant women, Guro said.

Guro also said out of 100 persons subjected to a sur pr is e dr ug test ing by the Philippine Dr ug Enforcement Agency Northern Mindanao ( P D E A- 1 0 ) , n o n e w a s yielded positive traces of illegal substance in their urine samples.

Those who underwent the random drug examination were bus drivers, bus conductors, van drivers, and taxi drivers. (PNA)

Sympathies... from page 1

af fe c te d," t he Jap anes e Embassy in Manila said in a statement sent to reporters.

It added that Tokyo "fully understands" the hardships caused by natural disasters as Jap an is an e qua l ly earthquake-prone country.

"We stand in solidarity with the Government and the people of the Philippines," it said.

Meanwhile, the outgoing US Ambassador to the Philippines Sung Kim posted on his official social media account message of condolences to the kin of those killed by the powerful quakes.

"I would like to offer our sincerest condolences to the victims of yesterday’s earthquake in Mindanao," he said.

"To those in affected communities, please stay safe and know that our thoughts and prayers are with you," he added.

On Tuesday, a series of powerful earthquakes struck Tulunan, Cotabato in Mindanao, recorded at magnitude 6.6 and felt at 9:04 a.m.

As of October 30, the Nat iona l Dis aster R isk Reduction and Management Council (NDRRMC) reported that a total of 16,365 persons have been affected by the earthquake, with around 4,370 taking temporar y shelters in two evacuation centers.

A total of five dead, two missing persons, and 395 injured were reported by the NDRRMC in Regions 10, 11, 12 and the Bangsamoro.

Benefit... from page 1

Meanwhile, the launch of the Wholesale Electricity Spot Market (WESM) in Mindanao will serve as an avenue for the sale of ACR’s uncontracted capacities in Mindanao and may also help address the oversupply situation in the region.

Ta k i n g t h i s i n t o consideration, PhilRatings assigned an Issuer Credit Rating of PRS A plus (corp.), with a Stable Outlook, to ACR for its ₧1.5 billion Commercial Papers (CPs) issued for the partial funding of its various hydroelectric power projects (HEPPs).

A company rated PRS A (corp.) has an above average capacity to meet its financial commitments relative to

Republic of the Philippines Province of Misamis Oriental Municipality of Naawan OFFICE OF THE MUNICIPAL CIVIL PUBLIC Publication Notice RA 10172

BWM: November 1 & 8, 2019

Sanctions... from page 7

Environment and Natural Resources Academy “I am designating the PENROs and CENROs as plantation managers,” Cimatu said during their culminating activity held at the DENR central office grounds in Quezon City last October 20, 2019.

“It’s very simple. I will relieve you if you cannot fulfill that. Yes, it’s a tall order.

Even if you have to go there at least every two weeks,” Cimatu told the DENR field officials.

Cimatu issued the warning as he expressed his disappointment over the low survival rates for seedlings planted in some PO-contracted areas, ranging only from 35 to 50 percent.

It is for this reason why the DENR suspended the scheme of contracting POs for the ENGP this year. Instead, the agency focused on the rehabilitation and protection efforts in PO-contracted plantation sites established before 2019.

From 2011 to July this year, almost 2 million hectares have been planted with 1.7

billion tree seedlings. It generated 4.73 million jobs benefiting more than 670,000 upland dwellers. Most of the planted sites have been contracted to POs. From 2 0 1 6 t o 2 0 1 8 alone, POs accounted for 573,735 hectares under the NGP, consisting of 24,672 plantation sites.

NGP contracts with POs cover a three-year period, during which the NGP partners enjoy compensation for seedling production, site preparation, tree planting, maintenance and protection.

Camiguin... from page 6

LGUs in four categories: 3rd to 6th Class Municipalities, 1st to 2nd Class Municipalities, Component Cities, and High Urbanized Cities.

The CMCI is developed by the National Competitiveness Council (NCC) through the Regional Competitiveness Committees (RCCs). (Recthie T. Paculba/PIA10)

Different... from page 10

a vigil in preparation for Hallowmas (which is a combination for the word hallow, meaning “saint”, and mas or short for “mass”) that would later become All Saints’ Day on November 1.

Today, Halloween is seen as an event for costume parties depicting the macabre and supernatural, while All Saints’ Day and All Souls’ Day are combined as a time when people flock to cemeteries to offer candles, flowers, and prayers at the graves of family members.

For Christians around the world, including Filipinos, November 1 and 2 give a much-needed opportunity for people to honor their loved ones who have passed on, reciting prayers so that their souls may finally be at peace. (PNA)

ALLAN'S LECHON

NOTICE TO THE PUBLIC

In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No.2013-01, Guidelines in the Implementation of the Administrative Order No. I, Series of 2013 (IRR of RA 10172), Notice is hereby served to the PUBLIC that NESIAS A. GAA has filed with this Office a petition for correction of clerical error in the entry of sex from “MALE” to “FEMALE” in the Certificate of Live Birth of NESIAS A. GAA who was born on August 03, 1968 at Naawan, Misamis Oriental and whose parents are ARTURO M. GAA and JOVITA C. ABABAO. Any person adversely affected by said petition may file his/her written opposition within this office not later than NOVEMBER, 2019.

that of other Philippine corporates but is somewhat more susceptible to adverse changes in circumstances and economic conditions than higher-rated corporates.

ACR’s rating reflects the positive growth prospects for Mindanao, along with development projects that are supportive of the growth of the region’s power industry.

PhilRatings also noted ACR’s ability to establish joint ventures with strong partners for particular projects and its planned expansion projects which will further diversify its generation mix.

It a l s o f a c t o r e d i n ACR’s positive cash flows and improving, but still volatile profitability; and the challenges encountered in securing bilateral contracts for its diesel power plants.

At present, the Company has four operating power plants in Mindanao, with a total power capacity of about 363 MW. With its various projects in the pipeline, the Company is expecting to add about 320.3 MW to its current capacity.

(SGD) MARLON S. DACOCO Municipal Civil Registrar

Main: Purok 4 Puerto, Cagayan de Oro City Cell #: 0928-616-4431 / 0905-777-0670 Branch: 31st Nazareth, Cagayan de Oro City Cell #: 0926-594-9540

Free: HALANG-HALANG or DINUGOAN!

Branch: Casinglot, Tagoloan, Misamis Oriental

For orders, please call:

KAG. LOLITA L. WAHING

12

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FRIDAY|NOVEMBER 1, 2019