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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 060

Market Indicators

As of 6:24 pm November 10, 2015 (tuesday)

FOREX

X

US$1 = P47.26

10 cents

PHISIX

X

7,000.11

70.08 points

Briefly Duty-free MARAWI City -- Investors in the Autonomous Region in Muslim Mindanao (ARMM) can now enjoy duty-free importation of identified materials and equipment following the signing of a Joint Memorandum Order (JMO) between the Regional Economic Zone Authority (REZA)-ARMM and the Bureau of Customs. The JMO will allow REZA locators or those investors registered under the region’s board of investments (RBOIARMM) and other economic investors to enjoy duty-free importation of capital equipment, breeding stocks, generic materials, import construction materials, and office equipment. They will also be entitled to avail of other incentives from local taxation in close coordination with the Local Government Units concerned.

Direct investment scam SURIGAO City -- The Securities and Exchange Commission (SEC) has warned the public against investing in Direct Marketing Group International Corporation also known as DMG International. In its latest advisory, the SEC said DMG International entices people to invest at least P1,000 pesos with a promise of a P200 or 20 percent return on the 11th day. In addition, for every P1,000 pesos invested, three kilograms of rice would be given to investors every 10 days. On an option-only basis, the investors may engage in direct selling of consumer products but this option is discouraged in favor of the first option.

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P15.00

Legal recourse sought vs expensive contracts www.businessweekmindanao.com

Tue-Wed | November 10-11, 2015

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By MIKE BAÑOS, Editor-at-Large

COALITION of power advocacy groups will bring to court power distributors who have entered into power supply contracts without bidding.

COAL PLANT. Aerial view of the FDC Misamis Oriental coal fired power plant now under construction at the Phividec Industrial Estate-MisamisOriental at Villanueva municipality. The plant will have a total capacity of 405 megawatts with 3 units of 135MW each circulating fluidized bed coal-fired thermal power plant. contributed photo

“Despite the ERC saying that this requirement for least-cost acquisition will not be imposed on previously approved PSAs, the MCPC will continue to pursue the

filing of legal suits against t he of fe nd i ng E C s for entering into PSAs without going through the least-cost acquisition process,” said David A. Tauli, president of

the Mindanao Coalition of Power Consumers (MCPC). The Energy Regulatory Commission (ERC) and the Department of Energy (DOE) have passed Joint Resolution No. 1 which both agencies claim would promote consumer interest under a regime of stable regulatory policies through the implementation of a mandator y Competitive recourse/PAGE 11

Sarangani plant to help rates fall P0.60/kWh in Mindanao By CARMELITO Q. FRANCISCO, Contributor

AN estimated 60-centavo per kilowatt-hour (/kWh) reduction in rates is expected in General Santos City, Sarangani province and parts of South Cotabato by next year when Sarangani Energy Corp. (SEC) starts commercial operations of the first 105-megawatt (MW) unit of its coal-fired power plant. Aerial view of Sarangani

Alsons nets P685M, up 19% in 9 months

E n e r g y C o r p .’s f i r s t 105-megawatt (MW) unit of its 210-MW coal-fired power plant -- www.facebook. com/sarencor South Cotabato Electric Cooperative II (Socoteco II) will be the main buyer of the plant’s output with a contracted supply of 70 MW at a starting price of P4.20/ rates/PAGE 11

JOB FAIR. Hundreds of job seekers flock Limketkai Center during yet another job fair organized by the Cagayan de Oro Placement Bureau and ABS-CBN Northern Mindanao Monday, November 9. photo by mark francisco

By MYRNA VELASCO Contributor

THE higher dispatch of its diesel-fired power facilities had mainly shored up the nine-month profitability of Alsons Consolidated Resources Inc. (ACR) this alsons/PAGE 11

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Economy

DOLE conducts career coaching in Bukidnon

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ALAYBALAY City -- The Department of Labor and Employment, Regional Office No. X (DOLE-X), throug h its Bu k i dnon Provincial Field Office (BPFO) coache d some 1,315 graduating students

from the 25 sections of Bukidnon National High School (BNHS) during the Career Guidance Week on 14 October 2015 at Bukidnon Nati ona l Hig h S cho ol Gymnasium, Fortich Street, Malaybalay City. DOLE-X Regional

Director R aymundo G. Agravante considers Career C o a ch i ng an e s s e nt i a l program of DOLE in helping students decide what courses to take for college. DOLE-X BPFO Head Raul L. Valmores reported that the said students will be in their Senior High by next school year due to the

Information of our country – what courses are in demand vis-à-vis their respective skills and abilities. Moreover, the Labor and Employment Education System, an audio-visual presentation of the various programs and services of the Department, was also shown and equipping them of

K-12 program. Juliet Dinsag, BNHS guidance facilitator organized the said event to guide the students for their future career and inform them on the world of work. Meanwhile, Valmores accounted that the students were depicted on the situation of the current Labor Market

their rights and appropriate labor standards when in the workplace. Career Coaching service of DOLE is the government’s ad herence to inclusive growth and at the same time deploying strategies to address unemployment, underemployment, and skills mismatch.

DPWH-ARMM to rehabilitate century-old bridge in Lanao Sur

BROADCASTING DAILY AT 1368 ON AM BAND AND ON PARASAT CABLE TV AT CHANNEL 5

M A R AW I C it y - - T h e D e p a r t m e nt of P u b l i c Works and Highways in the Autonomous Region in Muslim Mindanao (DPWHARMM) is set to rehabilitate a historic bridge that will ease the movement of people and goods in eleven towns in the province. The 90-meter bridge located in Barangay

area. Engr. Abib A. Arumpac, chief of Lanao del Sur’s 2nd district engineering office, said the bridge will serve eleven towns in the province that include the towns of Marogong, Malabang, C a l an o g a s , B a l ab a g an , Kapatagan, Picong, Butig, Lu mb ay an a g u e , Su lt an Dumalondong, Lumbaca-

Piangolugan in Marogong town was constructed in 1889 by the Spaniards, earning it the moniker ‘’Spanish Bridge.” It was intended to aid in their conquest against Maranao strongholds in the area. Apart from its historical value, the more than centuryold bridge also holds great economic importance in the

Unayan, Binidayan and Bayang. He said the DPWHARMM has earmarked P100million from its P10-billion infrastructure program fund for 2016 to support the bridge’s rehabilitation and the construction of a new reroute bridge in the area. Arumpac said the Spanish bridge/PAGE 11

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More Power! An Entrepreneur’s Road Map to SUCCESS

How to Appeal to Emotion and Logic in Your Messages

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO ROSE MARY D. SUDARIA, Ph.D. Vice President for Finance

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No Place Like Home

T

hink a minute…It’s true, “There’s no place like home.” In fact, our whole identity, who we are and how we see ourselves, and others, mainly comes from our family. They say, “The apple doesn’t fall far from the tree.” The kind of life we live is largely influenced by our family. From the time we’re born it’s our family’s example we naturally follow. Home is where we learn about love, life, and laughter. As someone said: “Happiness is home-made.” It doesn’t matter if you’re rich or poor, because a small house will hold as much happiness as a big mansion. But sadly, many homes are not loving and happy. As one sad guy said: “The first half of my life was ruined by my parents, and the second half by my children.” A best-selling book entitled, It Takes A Village, says that raising children is the job of the community. But the reason some people expect the government and community to raise their children is because their marriage and family has broken down. Millions of families are destroyed by divorce, adultery, greed for money, selfish parents who put themselves first before

THINK

A Minute

Jhan Tiafau Hurst their own children, domestic violence, alcoholism, teenage pregnancies, drugs, and many other things. The simple fact is there is no substitute for the family. A child’s need for security, love, and acceptance from both parents will never change. God designed us all to grow up in a family with both a father and a mother who love each other and us without conditions, and who teach us right and wrong. This is the way our character is shaped and built so we become healthy, happy and successful. But if you’re one of the millions who did not grow up in a happy, loving family, you can join a new family today by asking Jesus Christ to forgive you and take charge of your hurst/PAGE 6

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eople p r e f e r t o believe they make their important decisions rationally, based on logical reasons and comparisons of options. But in fact, emotion is a powerful motivator behind human action – fear, desire, pleasure, envy. How do effective messages combine emotion and logic to persuade and motivate the audience to action? A logical, persuasive message may confirm the reader’s choice of your product, but

emotion is the motivation to action. A reader may have been thinking for some time about an important decision, such as consulting a financial planner for advice. But when you connect the reader with the sense of security that comes f rom having his finances in order, it will help him move forward with an appointment. Whatever you’re selling, when you make an emotional impact, you increase the likelihood that your audience will think it’s important to implement this solution now. Use loaded language in product descriptions that assume the specific emotional content in a product or action. Words such as “delightful,” “simple” or “sleek styling” tap into emotions. As the reader identifies with the feeling, they are more likely to accept the message and to

take action based on it. Use language that refers to basic needs, it brings the subject close to the reader’s own life. Love, security, health, money – these are core concerns that grab people’s attention. What effect does your product have on the things your re ader c ares ab out t he most? Two other important methods are related to the emotional support people seek from others for their decisions: First, knowing that many other people have already chosen this decision is compelling – this is known as the “bandwagon” effect or social proof. So include testimonials of people like them so that they can get a sense that they are not alone and can expect results from their decision. Another social message comes from “snob appeal,” connecting with the desire of the target audience to be

better than others – more stylish, wealthier, more athletic or smarter than the average person. If you can create a sense of prestige or allure around your product or service, you’ll have more people seeking after it. Once you’ve reached your audience on an emotional level, it’s time to bring in the logic: help them understand why your product or service is a good choice, a rational choice. While hooking them emot iona l ly is cr it ic a l, you can’t close the deal until they’re convinced it’s a logical choice as well. Regardless of the message medium – traditional marketing, blogs, social media, articles, or books – remember to appeal to both emotions and logic for a hard-hitting message that gets results. How do YOU appeal emotionally and logically to your audience?

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Corruption in Sports

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hen I was young (!), I really enjoyed being in active sports. Gymnastics ( he re e sp e c i a l ly d oi ng exercises on the horizontal bar/rings/mat) and handball. Till today, sports is still an important topic for me. Unfor tunately, corruptions in sports is getting more and more worst. Right now, world athletics braces for new doping scandals. The head of world athletics has said the sport faces a long road to rebuild trust.I am pretty sure it will be a very long and winding road. A report to be released within this week - investigating bribery, extortion and a doping coverup in track and field. Ahead of what could be a damning report into

corruption and doping in world athletics, the head of the International Association of Athletics Federations ( IA A F ) s ai d ye s te rd ay (Sunday, November 8, 2015) that the sport would have to reform and rebuild trust. “I’m angry about the position our sport is in today. I’m shocked, I’m angered and dismayed. These are dark days,” IAAF president Sebastian Coe told AP. “We shouldn’t kid ourselves,” he added. “It’s going to be a long way back to rebuilding trust.” The comments come as the World Anti-Doping Agency (WADA) is set to release this report. Especially Russia is again making headlines. The report was triggered by a documentary

on G ermany’s national broadcaster ARD (Allgemeine Rundfunkanstalten Deutschlands) already last December, which alleged w i d e s p re a d d o p i n g i n athletics and some other summer and winter Olympic sports. The documentary hit Russia particularly hard, implicating Russian sports and anti-doping officials of bribery, covering up positive doping tests, falsifying tests and supplying banned drugs. The Moscow lab implicated in the coverup did testing for the 2014 Winter Olympics in Socchi and is slated to do antidoping when Russia hosts the 2018 World Cup. Moscow hosted the track and field world championships in 2013. Richard McL aren, a

H ave M y Say

Klaus Doring

Canadian lawyer who is on the three member inquiry team, said the report will be “a real game-changer for sport.” “This is a whole different scale of corruption than the FIFA scandal or the IOC scandal in respect to Salt Lake City,” McLaren said in comments published doring/PAGE 10

The Bible is a powerful healer

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IFE’S INSPIRATIONS: “… For the word of God is alive and active. Sharper than any double-edged sword, it penetrates even to dividing soul and spirit, joints and marrow; it judges the thoughts and attitudes of the heart…” (Hebrews 4:12, the Holy Bible). -ooo TIPS ON HOW TO AVOID FOOD POISONING: Food poisoning is again back in the news, as reports from Bgy. Vicente, Banga, South Cotabato, named nine people who ate cake from a relative’s birthday party Sunday night (November 08, 2015) fell ill, all of them getting dizzy and afflicted with vomiting. They are said to have

already been restored in good health, but, as Christmas season is approaching, some reminders are in order to avoid being poisoned. First, always thank God for the food and drinks that are to be eaten and drank. Thanking God for the food and drinks means we acknowledge the generosity of God towards us. Then, we should also ask that the food and drinks we will be eating and drinking should become the body and blood of Jesus, our God and Savior, in accordance with His command. We are told that if we ask that the food and drinks we eat and drink become the body and blood of Jesus, sickness will

not afflict us, allowing us to live longer lives. -ooo THE BIBLE IS A POWERFUL HEALER: I commiserate with the family of former movie actress Amalia Fuentes, who was reported to have suffered a stroke the other week while she was vacationing in South Korea, causing her to be ill and bedridden. I can also understand the family’s appeal for prayers for her, to ask for divine intervention towards her healing. That notwithstanding, I have a suggestion: Amalia’s family should endeavor to read the Bible to her while she is fighting for her life. The Bible itself confirms,

K akampi

Mo A ng Batas

Atty. Batas Mauricio in its Romans 1:16, that it is the power of God for the salvation of all who believes in Him. Then, the Word of God can enter the deepest parts of our bodies, where our bones and marrows and batas/PAGE 10


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Banking&Finance 5 net earnings Landbank’s net income RCBC up at end-Sept. rises at end-September 2013 ppi’S Best in Business and Economic Reporting

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L AND BANK of the Philippines (Landbank) saw its net income grow by more than a tenth in the first nine months of the year, boosted by the continued expansion of its lending business and gains from its investments in securities. The state-owned bank posted a P10.27-billion net income in the January to September period, up 11% from the year-ago level of P9.26 billion, it said in an e-mailed statement on Tuesday.

Its nine-month performance, Landbank noted, exceeded its P9-billion income target for the period by 14%. The bank said its net earnings translated to a 17.54% return on equity, or the net income earned as a percentage of stockholder investment -- a key measure of performance, while its net interest margin stood at 3.31%, both well above latest industry averages. landbank/PAGE 11

Legacy bank execs convicted for falsifying reports TWO former officials of a shuttered Batangas rural bank belonging to the controversial Legacy Group were convicted by a local court for submitting false financial reports to the Bangko Sentral ng Pilipinas. Meanwhile, the Department of Justice has b egun t he preliminar y investigation of charges filed by the Philippine Deposit Insurance C or p orat ion on another closed rural bank, also in Batangas, for large-scale estafa (fraud), falsification of commercial

documents, and “conducting business in an unsafe and unsound manner.” The Metropolitan Trial Court Branch 22 ordered Zacarias Carticiano, former president, and Jose Girlo Caramat, former comptroller, of the Rural Bank of San Jose (Batangas) Inc. to pay fines of P100,000 each, the BSP said in a statement Monday. It said the convictions were the first from a wave of cases the BSP filed in 2009 against the officers of several banks connected

to the Legacy Group of the late Celso delos Angeles, who stand accused of using falsified documents and fictitious loans to siphon off funds. In the case of the San Jose bank, documents signed by Caramat in behalf of Carticiano and submitted during an inspection by the BSP in late 2008 showed a massive jump in the value of its properties from P7.29 million in August that year to P429.29 in September, or P413 million in only a month.

The bank attributed this to the purchase of five lots worth P3.79 million, which were then recorded under the bloated value in its books. After the BSP inspection, RBSJI declared a bank holiday. In its decision on September 16 this year, the court said falsification of the bank’s report was “consciously and deliberately made” to prove its supposed solvency. The PDIC, in a separate statement, identified the charged former officials of the legacy/PAGE 10

NET INCOME of listed Rizal Commercial Banking Corp. (RCBC) grew by over a fifth in the nine months to September as its thirdquarter earnings sustained previous gains on the back of the continued expansion of its main businesses. The banking arm of the Yuchengco conglomerate b o oke d a P3.64-bi llion unaudited consolidated net income for the first nine months of 2015, up 21% compared to the P3.01 billion it earned during the same period last year, the bank told the Philippine Stock Exchange yesterday. RCBC said its net earnings translated to a 9% return on equity, or the net income earned as a percentage of stockholder investment -- a key measure of performance, up from 8.56%, while return on assets -- or the net income as a percentage of total assets -- was at 1.1%, also up from 0.95%. For the third quarter alone, the listed lender said it posted a P1.11- billion net profit, an increase of 11% from the year-ago level of P995 million. This was also up 20% from its secondquarter income.

The bank said its core businesses continued to consolidate, with net interest income reaching P11.46 billion as of end-September. For the third quarter alone, its net interest income stood at P4 billion, 10% higher over the P3.66 billion reported last year for the comparable quarter, and up 5% from the April to June period. “Annualized net interest margin (NIM) stood at 4.16% and remains one of the highest in the sector, notwithstanding the intense pricing competition and low interest rate environment,” the bank said in its regulatory filing. RCBC’s outstanding loan book -- excluding interbank loans -- expanded to P280.85 billion with all market segments sustaining their growth momentum. The corporate, consumer, and small and medium enterprise segments increased by 19%, 17%, and 27%, respectively for a total average loan growth of 19%, while microfinance lending through Rizal Microbank continued to advance with loan disbursements growing by 33% and outstanding loan portfolio increasing by 75%. rcbc/PAGE 10


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Vice Governor Pelaez lauds swift action of DPW on request to modify school building plans M

Misamis Oriental Vice Governor Joey G. Pelaez

ISAMIS ORIENTAL – VICE GOVERNOR JOEY G. PELAEZ recently received a letter from the Department of Public Works and Highways (DPWH) informing him of its action on his letter and the Sangguniang Panlalawigan Resolution regarding the incorporation of window grills in the classrooms which he authored. In a letter dated October 22, 2015, DPWH Undersecretary Alfredo C. Tolentino informed Vice Governor Pelaez that the DPWH, thru their in-house consultants who prepared the latest standard plans of school buildings, conducted a coordination meeting with the Department of Education (DepEd) last October 16, 2015 regarding the matter. “We are now in the process of preparing the necessary modified/

revision plans of school buildings incorporating not only the security window grills in every classroom but other design aspects like structural, sanitary/plumbing and fire protection system in compliance with the Fire Code of the Philippines,” said Usec. Tolentino in his letter. He also assured the Sangguniang Panlalawigan and Vice Governor Pelaez that DPWH and DepEd are in constant coordination with regard to the improvement of school buildings design for the benefit of the youth. “We, in the Sangguniang Panlalawigan of Misamis Oriental, are happy for this swift action of DPWH. Indeed, our little voice was resoundingly heard by them,” Vice Governor Pelaez said. It will be recalled that the Sangguniang Panlalawigan, during its

33rd Regular Session on 14 September 2014, passed Resolution No. 246-2015 entitled “Resolution Requesting DPWH to Modify School Building Plans and Designs to Include Window Grills in Each Classroom.” The Resolution was made because it was seen that the existing designs no longer meet contemporary standards of safety and security of students and teachers, including school papers and important documents. Vice Governor Pelaez said that jalousie-type windows have become ineffective in protecting school properties and documents. It is also prone to breakage especially with children around, and teachers pay for it. Vice Governor Pelaez hopes that the new building designs are safe and can provide a secure environment conducive to effective learning and teaching.

Admissions, OPD up in 8 provincial hospitals Patient admissions increased 23 percent while out patients department increased by 61 percent in eight (8) Misamis Oriental hospitals, from the first day of the year to date, the province’s Hospital Operation and Management System (HOMS) reported , Monday. HOMS managers said several factors contributed to the increase particularly the heightened confidence level of residents on the provincial hospital system.

“Our people now are aware that whenever they go to our eight (8) provincial hospitals they arfe assured that one, there are doctors and trained staff to attend to them; two, there are available drugs and medicines in our pharmacies; and third, there is a zerobilling-zero-pay policy implemented by Gov. Emano,” Dr. Bebina Casino, provincial health officer said. Another factor is the change of attitude towards health in general

brought about by the information22,053 and education campaigns conducted by the Misamis Oriental Care System (MisOrCareS). Per periodic review, Dr. Casino reported a drastic change of attitude among front line health workers, particularly in dealing with patients. “They got the message of the Governor when earlier he suspended several health workers who got negative reports from our clients. Now they are more careful and

courteous,” Dr. Casino added. The HOMS has also established a system wherein lack of much needed medicines and drugs are easily monitored. “This allows us to respond immediately and deliver these items within the shortest possible time,” Dr. Casino said. She said that the wide acceptance of the MisOrCareS program of Gov. Emano has made the hospital system changed its focus to the out-patient department.

“You can feel the confidence of people when they come to our OPD, because it is for sure that they can bring home their needed medication without so much trouble,” Dr. Casino said. From the start of the year to date, the provincial hospital of Gingoog has 5,148 admissions and 25 thousand OPD. The provincial hospital of Balingasag has 4,633 admissions and 16,550 OPD; that of Manticao has 3,094 admissions while OPD

has 24,957 OPD; while the provincial hospital of Initao has 2,946 admissions and 22,053 OPD. The provincial hospital of Claveria has 3,425 admission and 19,957 OPD; while that of Alubijid has 2,099 admissions and 17,774 OPD and Magsaysay has 1,795 admissions and 16, 578 OPD. While it appears that the Magsaysay hospital has the least admissions, it registers the highest percentage of increase. (PIO/ MisOr/ninja)


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CorporateWorld 9 Century Tuna maker nets P561M in third quarter 2013 ppi’S Best in Business and Economic Reporting

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C

ENTURY Pacifi c Fo o d , In c . d re w strength from its branded business to grow its net income by a tenth in the three months ending September. The countr y’s largest canned food manufacturer increased its consolidated net profit to P561 million in the third quarter from the prior year’s P509 million, a regulatory filing showed.

Consolidated net income amounted to P1.50 billion in the first three quarters of the year, up 22% from the P1.2 billion reported during the same period last year. Consolidated net revenue rose 6% year-on-year to P5.88 billion in the July to September period, mainly dr iven by h i g her s a l es volumes for the branded businesses. Revenues went

up by 13% to P17.2 billion at end-September. During the nine-month period, revenues from the branded business grew 15% on the back of better sales volumes across its marine, meat, and milk categories. The non-brande d tuna export business, on the other hand, expanded at slower clip of 5%. “The domestic branded business continued to be

bolstered by effective sales and marketing programs. On the other hand, trading conditions were tough in the OEM (original equipment manufacturer) global export

PLDT Capital invests $5M in developer of digital loyalty program platforms PLDT Capital, the new investment arm of Philippine Long Distance Telephone Co., has invested $5 million in a cloud-based outfit that develops, markets, sells and services digital loyalty program platforms. PLDT Capital entered into a convertible preferred stock purchase

agreement with Israelbased AppCard for $5 million, which was paid on October 9. Earlier, PLDT Capital invested $10 million in Phunware, a US-based mobile services and application company. Through its pioneering m u l ti s c re e n s e rv i c e platform, Phunware

Euro 4 Caltex with Techron now in Davao City and major PH cities Euro 4 Caltex with Techron gasoline is now available in Caltex stations in Davao City and select major cities with full availability nationwide by the end of the year. Marketed by Chevron Philippines Inc. (CPI), C altex with Techron is proven to keep vital engine par ts cle an s o vehicles can perform at their best. Combined with the introduction of cleaner fuel standards such as Euro 4, motorists can be assured that their engines will be equipped with speciallyfor mu late d ing re dients which would not only keep engines clean but also offer maximized of power, better fuel economy, smoother

drive, lower emissions and reliable performance. This is in compliance with the Philippine Clean Air Act and Department of Energy Circular No. DC2015-060004 mandating the use of environmentally clean fuels that meet specified emission standards. The main objective of the emission and fuel standard upgrade is to improve vehicle emissions for better air quality. This has to be done in unison with the availability of Euro 4 compliant vehicles. CPI expects that Euro 4 Caltex diesel and gasoline fuels will be available in all Caltex stations in the Philippines by January 1, 2016.

gives companies what they need to engage seamlessly with their customers through mobile devices, from indoor and outdoor location-based marketing and advertising to content management, notifications and analytics, to indoor mapping, navigation and way finding. T h e p a r t n e r s h i p will enable ePLDT, a subsidiary of the country’s largest telco, to market and exclusively distribute Phunware’s targeted mobile and multiscreen solutions in Southeast Asia. A t l e a s t t h r e e investment deals worth $15 million to $30 million are expected to be closed by PLDT Capital before end-2015, according to PLDT president and chief executive Napoleon Nazareno. The new investments are more of

digital mobile platforms, he said. PLDT Capital has an initial budget of $50 million to support PLDT business units, including Smart, ePLDT, Digital5 and Voyage. Earlier, PLDT reported a 9-month net income of P25.3 billion from January to September, down by 9 percent from P28 billion last year. Excluding foreign exchange transactions and other non-recurring items, core profit hit P27.08 billion, down by 5 percent from P28.86 billion last year. Third-quarter core profit stood at P8.15 billion, down by 7 percent from P8.73 billion last year. Consolidated revenue was flat at P127.87 billion in the first nine months of the year, from P127.32 billion last year.

tuna business,” Centur y Pa c i f i c C h i e f F i n a n c e Officer Oscar Pobre was quoted in the disclosure as saying. Century Pacific produces

h ou s e h o l d br an d s l i ke C entur y Tuna and 555 canned sardines; Argentina, Swift and Wow canned meat; as well as Angel and Birch Tree canned milk.

Globe reports 34% hike in January-Sept. net profit AYALA-led Globe Telecom Inc. said Monday its net profit from January to September grew by 34 percent to P14.14 billion from last year’s P10.53 billion, boosted by its mobile and broadband businesses and the consolidation of the financial results of Bayan Telecommunications Inc. in the third quarter. Core profit, which excludes the impact of the non-recurring items, onetime gains, foreign exchange and mark-to-market charges, rose 10 percent to P12.71 billion in the first nine months from P11.61 billion last year, Globe said. Globe president and chief executive Ernest L. Cu noted that Globe sustained the growth momentum for the first nine months of 2015, “despite renewed challenges in the industry,” adding, “we have maintained our aggressive stance as we continue fortif ying our leadership in the digital

space.” In the same nine-month period, Globe posted consolidated service revenues of P83.4 billion, or 15 percent higher than last year’s P72.7 billion. The mobile business rose 9 percent year-on-year in revenues, posting P63 billion compared to P57.6 billion in the same period of 2014. Officials attributed this to the strong contributions of all three mobile brands. Globe Postpaid revenues were up 7 percent year-onyear; Globe Prepaid grew 8 percent. Globe’s mobile subscriber base as of end-September 2015 reached 50.1 million. This is 17 percent higher than the 42.9 million a year ago, the telco said. It said the impressive g r ow t h o f t h e m o b i l e business was led by mobile data services, which boasted double-digit growth. Mobile profit/PAGE 10

Contract Management Course to be held in Oro By Jojo Ortiz

A two-day t raining on “Contract Management for Construction Projects” will be conducted in Cagayan de Oro on November 26 and 28, this year by the Construction Manpower Development Foundation (CMDF), a DTI agency tasked to enhance the competencies and capabilities of the manpower resources of the Construction Industry, to make the industry globally competitive. The course aims to make participants understand the principles, processes and procedures involved in the major stages of contract management; become aware of the various types of claims from the perspective of the contractor and project owner and appreciate the value of contract documentation process. Target participants are project owners, project developers, project builders and designers, project managers, project

super visors and project engineers. This t raining is t he second in the series of the Construction Managers’ Training and Certification Program (COMTCP), a program to train, evaluate and certify construction

engineers at supervisory and managerial levels who have/had been engaged in general building works through an organization or agency recognized by the Philippine Contractors’ Accreditation Board (PCAB). T h e f i r s t c ou r s e i n the program (Project Management) was conducted

in July this year which was well attended by contractors and construction professionals who desire to get certified. For more information about this rare learning opportunity, please keep in touch with the local organizer: J3 Safety Solutions Co.


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Hurst... from page 4

life. Jesus wants to make you a member of His family, where He’ll always love, forgive and accept you. He’ll also start healing your past hurts from your childhood and help you to forgive those who hurt you. Jesus is the one who can help you reach your potential to enjoy the success and happiness your heavenly Father wants to give you. Just Think a Minute…

Doring... from page 4

by Western University in Canada, where he teaches law. McLaren said that the corruption is more significant than the scandal that hit FIFA because match fixing in football didn’t actually impact the World Cup results. Of course, unlike the FIFA where one have a bunch of old men who put a whole lot of extra money in their pockets, here you potentially have a bunch of old men who put a whole lot of extra money in their pockets - through extortion and bribes - but also caused significant changes to actual results and final standings of international athletics competitions.

Everybody, who is still in or with sports wants to know and see which way the winds blows ... . +++ Email: dor ingklaus@ gmail.com or follow me in Facebook or Twitter or visit www.germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com .

Batas... from page 4

our souls and spirits separate. This means the Word of God alone is a powerful and potent medicine. It can heal, it can strengthen our feeble bones and flesh, and can even cleanse our soul and spirit of our sinful nature. Of course, medicines and doctors can help, but it is actually God who holds each flesh and each drop of our blood in our bodies. Because He loves us so much, He is going to heal us! -ooo FOR A TRULY HONEST 2016 ELECTION, FILIPINOS MUST READ THE BIBLE: In fact, it we wish to have a really honest, orderly, and peaceful elections, we can also turn to the Bible. If our people will only humble themselves and pray, and seek God through

His Word, and turn away from their sins, then God will listen from heaven, forgive our sins, and remove the curses in our lives. If Filipinos will only care to discern what the Bible is saying about who should we install as our officials, particularly those who are to assume power in 2016, and obey the requirements laid down by it for choosing our leaders, it is a certainty that only the truly godly will be elected. If the godly and those who truly fear and love God will be installed as our officials, graft and corruption in government will stop. Abusive officials will be gone in a flash, and our people will be imbued with a new sense of hope for a truly better and greater Philippines. -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 HOURS a day, in the Philippines and the world at www.facebook. com/angtangingdaan or www. facebook.com/ANDKNK (For ANDKNK, look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0917 984 24 68. Email: batasmauricio@yahoo. com.

Legacy... from page 5

closed Rural Bank of Taysan (Batangas) Inc. as Belen B. Gutierrez (chairman of the board), her husband Nicanor T. Gutierrez (director), daughters Grace GutierrezBuencamino (president and director) and Shirley Maribel B. Gutierrez (director and assistant cashier). The complaint, filed with the DOJ on October 14, accused the respondents of conspiring and taking advantage of their positions to make P3.8 million in unauthorized withdrawals from 2012 to 2014 and then attempting to cover this up by forging withdrawal slips or printing replicas of certificates of deposits then stamping these as paid to make it appear depositors had taken out the money. When PDIC took over the closed bank, it found a cash shortage of about P4 million, of which P3.8 million were described as “personal advances” to the Gutierrez couple. The cashier/treasurer of the bank said the advances were not listed as receivables from the couple on the instruction of their daughter, the bank president.

FOR IMMEDIATE EMPLOYMENT

LICENSED CIVIL ENGINEERS WITH 2-3 YEARS EXPERIENCE IN BUILDING CONSTRUCTION OR GOVERNMENT PROJECTS WILLING TO BE ASSIGNED ANYWHERE IN THE PHILIPPINES (ILIGAN CITY, CDO CITY, VALENCIA CITY AND TACLOBAN CITY) REQUIREMENTS 1. BIODATA OR RESUME WITH 2X2 ID PICTURES 2. PRC LICENSE 3. LIST OF ACCEPTABLE GOVERNMENT ID’s, AT LEASE ONE (1) OF THE FOLLOWING; SSS ID, DRIVER’S LICENSE, PRC ID, VOTER’S ID 4. OTHER DOCUMENTS POLICE AND BARANGAY CLEARANCE.

September period, or 48 percent more than the P10.2 billion reported a year ago. As of end-September, Globe’s total broadband service revenues stood at P12.4 billion, with total subscriber base now at nearly 4 million. Officials traced the growth in revenues to subscriber e x p a n s i o n i n w i re l e s s broadband (58 percent) and fixed broadband (49 percent). Globe’s fixed-line data business grew 37% to P5.5 billion for the first nine months, from P4.0 billion in the same period last year. The expansion in circuit count and increased usage, combined with the impact of Bayan’s consolidation in the third quarter, was cited for this growth. To support its growing subscriber base and demand for data, Globe said it spent P22.9 billion in capital expenditures as of the first three quarters of 2015. Nearly 50 percent of the capital expenditures spent thus far went to ensuring that the data experience of customers are met, the telco said. In all, Globe has 27,583 base stations - with 17,600 for 4G - to support customer service requirements.

T h e P D IC s a i d t h e respondents had submitted a promissory note acknowledging their P3.8million debt.

RCBC... from page 5

Meanwhile, despite the expansion of its lending business, RCBC said “enhancements in credit processes and measures led to the decline in the net nonperforming loans (NPL) ratio of the parent bank,” which stood at 0.27% in the period from 0.49% a year prior. Its consolidated net NPL ratio was lower at 0.90% as of end-September compared to the year-ago level of 1.06%. Its NPL reserve cover stood at 154.57%. NPLs are obligations that remained unpaid for at least 30 days after their due date. On the other hand, the bank’s other operating income expanded by 24.06% to P5.46 billion with gain on disposal of investment in amortized cost and securities trading gains contributing P1.44 billion. RCBC’s total fee-based and miscellaneous income likewise “remained a major source of revenues” as it went up to P3.9 billion, higher by 25% and accounting for 23% of gross income. “Improved contributions c ame f rom i nve st me nt banking-related fees which increased by 239%, bancassurance commissions which went up by 198%, and fees from loan-related transactions which increased by 50%,” the bank said. RCBC’s total operating expenses, meanwhile, grew 7% to P11.1 billion.

“The superior man understands what is right; the inferior man understands what will sell.”

Profit...

KINDLY EMAIL YOUR LETTER OF APPLICATION, RESUME AND OTHER DOCUMENTS TO:

from page 9

doce711@yahoo.com 0905-191-1558

data service posted revenue of P15.1 billion in the January-

~Confucius

Republic of the Philippines Office of the President HOUSING AND URBAN DEVELOPMENT COORDINATION COUNCIL HOUSING AN LAND USE REGULATORY BOARD Northern Mindanao Region (NMR)

Republic of the Philippines Office of the President HOUSING AND URBAN DEVELOPMENT COORDINATION COUNCIL HOUSING AN LAND USE REGULATORY BOARD Northern Mindanao Region (NMR)

NOTICE OF FILING OF REGISTRATION STATEMENT FOR THE MAIN SUBDIVISION PROJECT

NOTICE OF FILING OF REGISTRATION STATEMENT FOR THE MAIN SUBDIVISION PROJECT

NOTICE

NOTICE

Notice is hereby given that Davao Joyful Homes Realty Corp. represented by Kenneth Y. Yap has filed with this Office a sworn registration statement for the sale of house and lot packages in Victor’s Subdivision located at Puli, Carmen, Cagayan de Oro City and more particularly described as Lot 3904-A to C, (LRC) Psd-97646 containing an area of 67,781.67 sq.m. and covered by TCT No. T-137-2014000915; T-137-2014002224 & T-137-2014000916. The foregoing project is utilizing the lots within the aforementioned subdivision project specifically Blk 13 Lot 1-42; Blk 14 Lot 1-7; Blk 15 Lot 1-17; Blk 16 Lot 1-22; Blk 17 Lot 1-32; Blk 18 Lot 1-19; Blk 19 Lot 1-10; Blk 20 Lot 1-18; Blk 21 Lot 1-13 as its compliance pursuant to Section 18 of Republic Act No. 7279. All papers relative thereto shall, upon request and payment of processing fee, be available for inspection during business hours by any person having legal interest thereon. Absent any legal impediment, the above-cited project is deemed registered and a certificate, in evidence thereof, shall forthwith be issued after five (5) days from the last day of publication. Cagayan de Oro City this 4th day of November 2015. (SGD)CHARITO A. RAAGAS Regional Director

Notice is hereby given that Davao Joyful Homes Realty Corp. represented by Kenneth Y. Yap has filed with this Office a sworn registration statement for the sale of house and lot packages in Victor’s Subdivision located at Puli, Carmen, Cagayan de Oro City and more particularly described as Blk 13 Lot 1-42; Blk 14 Lot 1-7; Blk 15 Lot 1-17; Blk 16 Lot 1-22; Blk 17 Lot 1-32; Blk 18 Lot 1-19; Blk 19 Lot 1-10; Blk 20 Lot 1-18; Blk 21 Lot 1-13 containing an area of 13,556.33 sq.m. and covered by TCT No. TCT No. T-137-2014000915; T-137-2014002224 & T-137-2014000916. The foregoing project is being utilized as compliance for Victor’s Subdivision located at Puli, Carmen, Cagayan de Oro City in accordance with Section 18 of Republic Act No. 7279. All papers relative thereto shall, upon request and payment of processing fee, be available for inspection during business hours by any person having legal interest thereon. Absent any legal impediment, the above-cited project is deemed registered and a certificate, in evidence thereof, shall forthwith be issued after five (5) days from the last day of publication. Cagayan de Oro City this 4th day of November 2015.

BWM: November 11, 2015

BWM: November 11, 2015

(SGD)CHARITO A. RAAGAS Regional Director


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Recourse... from page 1

Selection Process (CSP) for distribution utilities (DUs) when contracting power supply agreements. Both agencies stressed that CSP “fosters transparency, enhances security of supply, and ensures stability of electricity prices to captive electricity end-users in the long-term.” The Joint Resolution, which will be effective upon its publication in newspapers of general circulation, further provides t hat t he ERC shall issue the appropriate implementing regulations for the CSP. The ERC passed a resolution last Oct. 20 requiring the implementation of the auction system for power distributors seeking additional power suppliers after due study and consultation. ERC Chair Jose Vicente B. Salazar said in the statement “the system is intended to enhance transparency in dist r ibutors’ purchas es of electricity from power generators, so consumers would benefit from the leastcost power bidders.” Mr. Salazar explained that under the system, a power distributor may enter into power supply agreement (PSA) with a generation company only after complying with the requirements of the scheme. Only after two failed competitive selection processes may a distributor enter into direct negotiations. However, PSAs already filed with the ERC before Oct. 20, 2015 are not required to comply with the auction requirements. “The requirement for Least Cost Acquisition of power supplies by DUs is specifically provided for under Republic Act No. 9136 (The Electricity Industry Power Industry Reform Act of 2001 or EPIRA), but this was not strictly observed by the ERC under Chairperson Ducut,” Tauli noted. “The new ERC chairman is correcting a serious defect in the ERC regulatory procedures for power sales agreements (PSA).” As a consequence, many electric cooperatives in Mindanao contracted with the FDC-Misamis 405-MW coal plant at Phividec at a price of 5.40 pesos per kWh, at a time when prices as low as 4.00 pesos/kWh were being offered by other coal plants, he added. “If those anomalous contracts by the ECs with FD C-Misamis are not rescinded, power consumers in Mindanao will be paying an additional 1.40 pesos per kWh for coal generation starting December 2017, when the FDC-Misamis coal plant starts operation,” Tauli said. “This would mean an annual extra profit (from the extra 1.40 pesos/kWh) in the amount of 4.22 billion pesos, or a total of around 105 billion pesos over the

25 years of economic life of the coal plant,” he noted. Tauli added he deemed it “definitely worthwhile” for the MCPC to pursue the cancellation of those contracts with FDC-Misamis, and charging EC general managers and boards of directors with malfeasance (if that is the right term) for entering into PSAs that are grossly disadvantageous to their member-consumers. DOE Secretary Zenaida Y. Monsada stressed that “the DOE and ERC are working closely together to create a proactive and dynamic environment for a sustainable electric power industry which balances the interests of the consumers and the industry participants,” following the issuance of Joint Resolution No. 1.

Rates... from page 1

kWh, based on the approved purchase agreement. The management of Socoteco II and SEC, a unit of Alsons Consolidated Resources, Inc., said residential and commercial customers can expect a reduction in their electricity bi l ls once t he plant is running and the agreement is implemented. Socoteco II’s franchise a re a s c ov e r t h e s e v e n municipalities of Sarangani, Tupi and Polomolok in South Cotabato, and General Santos City where the present electricity rates are between P7.753/kWh to P7.901/kWh. These areas are largely agro-industrial, with fish processing and canning companies and a pineapple plantation of Dole Philippines, Inc. The electric cooperative currently sources its supply for the average 130-MW demand from the National Power Corp. through the main grid and from dieselfired plants, at rates higher than the p ower supply agreement with Sarangani Energy. SEC announced last we ek t hat it wi l l st ar t synchronizing its first unit with the Mindanao grid by December and commercial operation is targeted within the first quarter of 2016. The Alsons firm also announced that it will start constructing the second 105-MW unit by the second quarter of next year. All of the 210-MW capacity is already contracted by several electric cooperatives and two distribution companies in various parts of Mindanao. These include co-ops in Agusan del Norte, Davao del Sur, Davao del Norte, North Cotabato, Zamboanga del Norte, Zamboanga del Sur and Misamis Oriental. The private firms are Cagayan Electric Power and Light Co., Inc. and Iligan Light and Power, Inc., both in Northern Mindanao. The Sarangani Energy plant in Maasin town will be the second to be connected to the Mindanao grid after

the first 130-MW coal-fired unit of Aboitiz Power Corp.’s Therma South, Inc. (TSI), which stated operating in September. T SI a ls o announce d that it is putting online its second 130-MW unit in the first quarter of next year after encountering a delay earlier this year due to the April 5 Mindanao-wide grid problem. The TSI plant, located at the border of Davao City and Davao del Sur province, has a total capacity of 300 MW and the company plans to expand it to 645 MW. The Sarangani and TSI projects are among those approved and implemented after the passage of the Electric Power Industr y Reform Act in 2001.

Alsons... from page 1

year, rising 19-percent on its consolidated net income to P685 million from 2014 level of P574 million. That was even against the backdrop of lower income logged by parent at P275 million from January to September compared to last year’s healthier outcome of P307 million. “The decline (in parent i n c o m e ) c a m e f ro m a revaluation of the dollardenominated debt registered at parent level coming from the recent weakening of the Philippine peso versus the US dollar,” publicly listed Alsons has noted.

It e m p h a s i z e d t h a t “without this non-recurring loss, parent income would have been P474 million for the nine-month period, 54-percent higher than last year’s net income attributable to the parent.” O vera l l t houg h, t he Alcantara group has noted that revenue stream from its optimally utilized plants had been brisk during the review period – that was amid marked decline in electricity rates. “Despite the lower price indices used in computing tariffs for the period, net income still increased due to the higher dispatch of electricity sold by three diesel-fired power plants,” Alsons has reiterated. These generation facilities include the 103-megawatt Mapalad Power plant in Iligan City; the 100MW Western Mindanao Power plant in Zamboanga City; and the 55MW Southern Power plant in Alabel, Sarangani province. –www.mb.com.ph

Bridge... from page 2

Bridge can only handle a limited load capacity due to its structural limitations and a reroute bridge has to be built to cater to large vehicles. Engr. Don Mustapha Loong, secretary of DPWHARMM, said the project will provide people better road access and will boost the promotion of trade and tourism in the area.

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao del Norte NOTICE OF EXTRA-JUDICIAL SALE EJF No.:195-07-2015 Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended, filed by the MISAMIS BANK INC., A Rural Bank Kolambugan Lanao del Norte against SPS. AVELINO S. CUANAN & LIBRADA N. CUANAN, Purok 6 Lower Lamac, Oroquieta City to satisfy the indebtedness which as of June 22, 2015 amounting to ONE HUNDRED SEVENTY SIX THOUSAND FOUR HUNDRED TWENTY SEVEN &72/100 PESOS ONLY ( Php 176,427.72) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at Public Auction on 9th day of December 2015 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Provincial Capitol Lanao del Norte, Pigcarangan, Tubod, Lanao del Norte to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit: ORIGINAL CERTIFICATE OF TITLE NO. P17 294 A parcel of land with all the improvements thereon, (known as Lot No. 7166-10, Csd-10-015182-D; situated in Barrio of Libertad, Kolambugan, Lanao del Norte , Philippines, Island of Mindanao. Bounded on the EAST, along line 1-2 by Lot 7166-12 Csd-10-015182-D; on the SOUTH, along line 2-3 by Lot 7166-11,Csd-10-015182-D; on the WEST, along line 3-4 by Lot 7166-9, Csd-015182-D; and on the NORTH, along line 4-1 by a road. “All sealed bids must be submitted to the undersigned on the above stated time and date. Tubod, Lanao del Norte , Philippines, this October 13, 2015.

For the Clerk of Court and Ex-Officio Sheriff

He said once the project is completed, “people in Lanao, commuters from Parang, Maguindanao to Marawi City, Iligan City and viceversa would have a safer and faster land travel.” The economic activities and mobility of goods and services in the province will also be improved. (BPI/APB/ PIA-10)

Landbank... from page 5

Landbank President and CEO Gilda E. Pico attributed the growth in the bank’s earnings to “increased income from loans and investments.” The bank’s gross loan portfolio grew 21% to P441 billion from P362 billion, while investments went up 11% to P304 billion from P274 billion at end-September. Total deposits with the bank rose to P991 billion, growing 27% from P782 billion in the same period last year, while Landbank’s capital stood at P77.3 billion. Landbank’s total assets as of end-September also expanded by 25% to P1.14 trillion from the year-ago level of P911 billion.

11

2014 ppi’S Best in ENVIRONMENTAL Reporting

Given the latest results, Ms. Pico said in the statement she is “confident that the bank would surpass its 2015 net income target with the aggressive expansion of its lending and investments businesses, and increased revenue through traditional and non-traditional sources.” “We hope to finish 2015 strong with greater focus on strengthening our core business s eg ments and assisting our mandated and priority sectors. Our efforts are geared towards contributing to the government’s goal of promoting sustainable development and financial inclusion, bringing financial services to underserved and unbanked areas,” Ms. Pico was quoted as saying. Landbank is the only bank present in all provinces in the country, with 357 branches and 1,466 automated teller machines nationwide as of end-October. The state-owned lender remains the biggest credit provider to small farmers, fishers, local government units, and micro, small, and medium enterprises among government financial institutions.

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao del Norte NOTICE OF EXTRA - JUDICIAL SALE EJF No.: 198-07-2015 Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended, filed by the MISAMIS BANK, INC., A Rural Bank Kolambugan Lanao del Norte against DANILO S. ENRICOSO, Poblacion, Tubod Lanao del Norte to satisfy the indebtedness which as of June 22, 2015 amounting to ONE HUNDRED FIFTY THOUSAND NINE HUNDRED FORTY ONE & 64/100 PESOS ONLY (Php 150,941.64) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at Public Auction on 9th day of December 2015 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Provincial Capitol of Lanao del Norte , Pigcarangan, Tubod, Lanao del Norte to the highest bidder for cash or manager’s check and in the Philippine Currency, the following property with all its improvements, to wit: TRANSFER CERTIFICATE OF TITLE No. T-18,682 Lot – 18 –D-1-F, Psd-12-022911 A parcel of land 1 8-D-1-F of the subd. Plan Psd-12022911), being a portion of Lot 18-D-1-Psd-123522-020300 situated in the Barrio of Poblacion, Municipality of Tubod, Province of Lanao del Norte, Island of Mindanao. Bounded on the SE., along line 1-2 by Alley; on the SW., along line 2-3 by an Alley; on the NW., along line 3-4 by Lot 18-D1G (Asiscleta Palad); on the NE., along line 4-1 by Lot 18-D-1-E, all of the subd. Plan “All sealed bids must be submitted to the undersigned on the above stated time and date. Tubod, Lanao del Norte, Philippines, this October 13, 2015.

For the Clerk of Court and Ex-Officio Sheriff

(SGD.) CONRADO V. HINGCO, JR. Sheriff

(SGD.) CONRADO V. HINGCO, JR. Sheriff

BWM: Oct. 28, Nov. 4 & 11, 2015

BWM: Oct. 28, Nov. 4 & 11, 2015


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2014 ppi’S Best in ENVIRONMENTAL Reporting

Editor: Cheng Ordoñez

YOUR Mindanao-wide BUSINESS paper

B1

Palawan nurse to represent PHL in Miss Scuba Int’l 2015

C

indy PaciaMadduma, a registered nurse from Palawan, is handpicked by the Miss Scuba Philippines team to represent the country in the coming Miss Scuba International pageant on November 27 in Kota Kinabalu, Malaysia. Madduma is a nursing graduate from Palawan State University and was working as a private nurse before she flew to Manila to try her hand at the

beauty pageant world. Through her hard work and constant training, she won Miss Global Philippines 2014 - Tourism Ambassador

and she got to represent the country in the international pageant Miss Tourism World 2014, held in Caracas, Venezuela.

The 27-year old beauty queen will be flying to Kota Kinabalu Malaysia next month to be able to have the privilege to vie for the crown during the two-week international pageant, with a culminating pageant night on November 27, 2015. The Miss Scuba International pageant, with its mission “Saving Oceans through Beauty,” started in 2011 and is founded by Mr. Robert Lo, who is a strong believer in sustainable development within the realms of the marine environment. Lo hopes that the pageant will enable more people to understand how fragile the oceans are and how to make a big difference by protecting it. Thus the pageant’s focus highly revolves around marine and ocean conservation. The closest that the country ever got to bringing home the crown was last 2013, wherein Miss Scuba Philippines 2013 Paula Bernasor won 1st Runner-up coming in

Will Cindy Madduma make the Philippines proud? Follow her journey towards vying for the Miss Scuba International 2015 crown.

second to winner Jaime Lee Faulkner from United Kingdom. This year, the country hopes highly to bring the crown home.

Monster Kitchen Academy:

1st Kumbira student category overall championship highlights 22nd Monster Kitchen Academy grad rites By Mike Baños, Editor-at-Large

T

he luster of the 22nd Graduation program of Cagayan de Oro City’s leading culinary and baking institute shone with an even brighter glitter following its recent triumph in Kumbira 2015. Held last September 27, 2015 at the posh Xavier Sports and Country Club, the evening rites seemed brighter with the sheen brought by its first ever Overall Championship in the 18th edition of the country’s largest culinary event outside Metro Manila. Jan Michael Uy, MKA and Monster Kitchen CDO general manager, said the school decided to focus this year on the students following its unprecedented threepeat as the Kumbira Overall Champion in the Professional Category from 2012-2014.

“This is the first time that we’ve won in the student category,” Mr. Uy said. “We’ve been overall champion for the professional category for three years in a row, from 2012-2014 and we’ve decided to focus on our students this time.” Besides garnering the overall c h a mpi on s h ip, M KA a l s o w on g o l d s for Creative Cake Decorating, Salads & Sandwiches, silvers in the Artistic Bread Showpiece and Chef Wars (where students and professionals competed on the same playing field for the first time), and bronzes in Pica-Pica Platter, Plated Dessert, and a diploma in Sugba de Oro Platter with Condiments.

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1st Kumbira student category overall championship highlights 22nd Monster Kitchen Academy grad rites T he luster of the 22nd Graduation program of Cagayan de Oro City’s leading culinary and baking institute shone with an even brighter glitter following its recent triumph in Kumbira 2015. Held last September 27, 2015 at the posh Xavier Sports and Country Club, the evening rites seemed brighter with the sheen brought by its first ever Overall Championship in the 18th edition of the country’s largest culinary event outside Metro Manila. Jan Michael Uy, MKA and Monster Kitchen CDO general manager, said the school decided to focus this year on the students following its unprecedented threepeat as the Kumbira Overall Champion in the Professional Category

from 2012-2014. “This is the first time that we’ve won in the student category,” Mr. Uy said. “We’ve been overall champion for the professional category for three years in a row, from 2012-2014 and we’ve decided to focus on our students this time.” Besides garnering the overall championship, MKA also won golds for Creative Cake Decorating, Salads & Sandwiches, silvers in the Artistic Bread Showpiece and Chef Wars (where students and professionals competed on the same playing field for the first time), and bronzes in Pica-Pica Platter, Plated Dessert, and a diploma in Sugba de Oro Platter with Condiments. It was a worthy follow-up to the MKA Silver Medal finish in the overall championship in the 17th Kumbira with 2

golds, 2 silvers, 1 bronze and 1 diploma in the hotly contested Student Division. On top of its triumph in Kumbira 2015, the MKA faculty showed where the heart, guts and savvy from that came from by holding the MKA banner high at the Philippine Culinary Cup 2015 held August 5-8, 2015 at SMX Convention Center in Pasay City. Chef Cathy Dano garnered a silver medal in the US Pork Category for her Sous vide cooked pork loin filled with mushrooms, cave aged gruyere cheese and herbs with gratinated bramata mais polenta, while Chef Rachel Baclay-Ng bagged a bronze medal in the pastry competition with her three-tiered fondant cake decorated with paintings of sugar paste flowers, gum paste couple topper with piped string

Chef Rachel Baclay-Ng’s winning Love Story Cake (left) and receiving her award from PCC committee

Chef Cathy Dano’s winning entry Sous vide cooked port loin filled with mushrooms, cave aged gruyere cheese & herbs with gratinated bramata mais polenta

works of royal icing, depicting a Love Story (Cake Decorating). And that’s no fluke as the team of Chefs Cathy Dano, Albert Chiu and Ramon Cárdenas, Jr. also had a sparkling silver medal finish at the Chef Wars Battle Royale of the 2014 held Sept. 23-24 last year at the World Trade Center in Metro Manila.. For its 22nd graduation program, MKA graduated its 10th and 12thbatches of MKA Culinary Arts (FCA) with 13 graduates, and 20th, 22nd, 23rd and 24th batches for MKA Baking and Pastry Arts. (FBPA). “MKA taught you leadership, professionalism, respect, hard work, and humility,” said Chef Cathy in her words of gratitude to the graduates. “We chose this path knowing the profession we’re in is not a piece of cake. It is only our skills

and passion and love for what we do that makes it possible to provide the guest with an incredible experience.” MKA offers two flagship programs which give the student three options on how to take it: 4 months (2x a week) or 6 months (every Sunday). Maximum class size is 16 though the average class size ranges from 10-12 students. Besides learning the art of baking and culinary, students also get hands-on immersion by creating an event in consortium with MKA’s sister company Thai Me Up/Fil Me Up through which they undertake everything from the planning, cooking, and selling their own event. The MKA Baking

and Pastry program is on-going. The tuition package includes MKA Chef ’s Jacket, Cap, Apron, Bag, Recipe Kit, Wilton Cake Decorating Kit and all baking ingredients. The MKA Culinary Arts tuition packages include MKA Chef ’s Jacket, Cap, Apron, Chef ’s Knife Set, Binder and Bag. The tuition covers all cooking ingredients all throughout the course. However, for those who don’t have the luxury of time, MKA offers an Intensive 12-day Intensive Workshop for both Baking and Culinary. Batch 5 for Intensive Baking starts November 23 on a MWF schedule 5-8 pm. Schedule for the Intensive Culinary will be on November 20, 2015 every Friday, 2-6 pm.

Modern pig-raising brings new challenges, opportunities to farmers Modern pig farm operations around the world today have contributed significantly to ensure food sufficiency for billions of people and more opportunities to increase f a r m e r s’ i n c o m e s , b u t along with these come new challenges, too, according to animal health experts. One of the drawbacks nowadays is the use of concrete flooring in modern pens because they deprive the pigs, especially young pigs, of one of the most vital and essential minerals – iron – which would have been readily available and accessible from natural soil. As a result, iron has become one of the most important

mineral supplements in raising new-born pigs because they require high amounts of iron to help ward off anemia and infections that could result to stunting and even death. Dr. Allen Valdeavilla, Te c h n i c a l E x t e n s i o n Ve t e r i n a r i a n o f Un i v e t Nu t r i t i o n a n d A n i m a l Healthcare C ompany or UNAHCO, said while piglets have a reserve of 40 mg of iron upon birth and could get about one to two more milligrams from the sow’s milk every day, the total reserve iron could last only for approximately four days given the new-born pigs’ high iron requirements for growth. “It is thus imperative to give

new-born pigs a 1ml (100mg) iron supplement injection on Day 3 after birth, which should support their high growth rates during the next 10 days and avoid anemia that could lead to infections and stunting,” Dr. Valdeavilla said. He said a second 1ml iron supplement shot should be again administered on Day 14 to ensure high survivability of the piglets, increase their w e i g ht a n d k e e p t h e m infection-free until they are ready for weaning. Dr. Valdeavilla said one of the best iron supplements in the market today is Univet’s Jectran Premium which is the only one fortified with zinc, another essential mineral that

helps improve resistance from diseases. Aside from zinc, he said each 1ml formulation of Jectran contains 100 mg of pure high grade iron as well as Vitamin B12 and cobalt that helps ensure fast growth and high survival rates for piglets which translates to higher income for swine raisers. “Anemia is a sad reality for swine raisers because most of our pig pens nowadays have concrete floors that deprive pigs of natural iron from the soil,” he said. “That is why it is essential to give the right iron supplements to fight anemia and stunting to ensure a profitable farm operation,” he said.

Eliza Mae Lagbas looks glam during the Solid Models Association of Cagayan de Oro fashion show held October 30 at SM City Cagayan de Oro. PHOTO SUPPLIED


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CDO Toy Show to be held this weekend Study Center for Children (RSCC). In spirit Hobbycon, San of the upcoming Diego Comic Christmas season con and many we will be having more. We want a Christmas party to bring the same experience for the children and we will be to our people giving gifts for in Cagayan them and also De Oro City. for their foster The event will parents; because showcase high we do believe quality figures Christmas should from various be more extra toy brands/ special for the companies kids especially to such as Goodsmile,Square those who are in need. Enix, Hot Toys, On the Kotobukiya, second day of Bandai, Hasbro the festivities, and so much there will be a more. This event cosplay contest. will also be a There will also fund raising; proceeds will go be a Cardfight! Vanguard to the children and magic of DSWD’s tournament Reception and

By MARK FRANCISCO, Lifestyle Editor

CDO Toy Show 2015 is the very first hobbies and collectible convention in Northern Mindanao which will happen at Limketkai Center (Rotunda), Cagayan De Oro City from November 14 to 15, 2015. The event is produced by Kristoffer Jan Ruiz Liao and Rick Tidoy of CDO Toyzone in partnership with Kintaku CDO and Limketkai Center. Toy conventions are anticipated and celebrated all over the world such as Toycon,

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao del Norte NOTICE OF EXTRA- JUDICIAL SALE EJF.: 198-07-2015 Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended, filed by the MISAMIS BANK INC., A Rural Bank Kolambugan Lanao del Norte against GINA FE V. PACULBA (AIF OF FELIPE L. PACULBA SR. Purok 3 Libertad, Kolambugan, Lanao del Norte to satisfy the indebtedness which as of June 22, 2015 amounting to FOUR HUNDRED SIXTY FOUR THOUSAND TWO HUNDRED SEVENTY TWO & 03/100 PESOS ONLY (Php 464,272.03) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at Public Auction on 9th day of December 2015 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Provincial Capitol of Lanao del Norte, Pingcarangan, Tubod, Lanao del Norte to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements to wit; ORIGINAL CERTIFICATE OF TITLE No. T-14,608 A parcel of land with all the improvements thereon known as Lot No. 7166-36, Csd -10-015182-D, situated at Libertad, Kolambugan, Lanao del Norte, Philippines. Bounded on the E., along line 1-2 by National Highway; on the S., along Line 2-3 by Lot No. 7163, Csd-10-015182-D; on the W, along line 3-4 by Lot No. 7166-35, Csd-10015182-D, on the NW., along line 4-1 by Lot No. 7166-37, Csd-10-015182-D: Containing an area of ONE HUNDRED THIRTY THREE (133) SQUARE METERS. ORIGINAL CERTIFICATE OF TITLE No. T-14,609 A parcel of land with all the improvements thereon known as Lot No. 7166-37, Csd-10-015182-D; situated at Libertad, Kolambugan, Lanao del Norte, Philippines. Bounded on the SW, along line 1-2 by Lot No. 7166-36, Csd-10-01582-D, on the NW, along line 2-3 by Lot No. 7166-35, Csd-10-015182-D; on the NW, along line 3-4 by Lot No. 7166-38, Csd-10-015182-D; and on the E., along line 4-1 by National Highway; Containing an area of ONE HUNDRED EIGHTY NINE (189) SQUARE METERS more or less. “All sealed bids must be submitted to the undersigned on the above stated time and date. Tubod, Lanao del Norte , Philippines, this October 13, 2015.

For the Clerk of Court and Ex-Officio Sheriff

and a GunPla building workshop, which is open to both kids and adults interested in Gundams on the first day of the event. The GunPla building and customization contest is open to all participants. There will likewise be an Iron Man cosplay armor display courtesy of Aaron Arcay and a Let’s Go! racetrack where everybody is encouraged to participate. There will also be an edition of Geek Wars, music and more.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 37 Cagayan de Oro City FC CASE NO. SPF-FMY-2015-058 IN THE MATTER OF THE ADOPTION OF MINOR JACOB ISAIAH CALIXTON ALVAREZ WITH AN APPLICATION FOR CHANGE OF NAME TO JACOB ISAIAH CALIXTON DIESER, DAVID ALAN DIESER and HAIDE CALIXTON DIESER Petitioners. x----------------------------------------------x ORDER A verified petition for adoption has been filed by the above-named petitioners alleging, among others, that they are husband and wife; they reside at 8th -21st Sts., Nazareth, Cagayan de Oro City; that Jacob Isaiah has been living with them since birth and they treated him as their own son; that the biological parents of the child and the children of the petitioner-husband have given their consent to the adoption. Petitioners pray that judgment be rendered declaring the minor to be, to all legal intents and purposes, the child of petitioners. Finding the petition to be sufficient in form and substance, notice is hereby given that the same shall be heard on December 16, 2015 at 8:30 o’clock in the morning. Any interested person may file a written opposition or appear at the hearing to oppose the said petition. Let this Order be published in an accredited newspaper of general circulation once a week for three consecutive weeks at the expense of herein petitioners, the date of the last publication should be at least fifteen days before the date set for hearing of the petition. The Court Social Worker assigned to this Court is hereby ordered to conduct child and home study, and counseling to the biological parents and make reports thereon to be submitted before the scheduled date of hearing. Also, at the expense of petitioners, let copies of this Order together with the petition be furnished to the RTC Social Worker assigned to this Branch, the biological parents of the minor sought to be adopted, the City Prosecutor’s Office, the Office of the Solicitor General, 134 Amorsolo Street, Legaspi Village, Makati City. SO ORDERED. Done this 2nd day of November 2015 at Cagayan de Oro City, Philippines.

(SGD.) CONRADO V. HINGCO, JR. Sheriff

(SGD.) JOSE L. ESCOBIDO, MNSA Presiding Judge

BWM: Oct. 28, Nov. 4 & 11, 2015

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Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao del Norte NOTICE OF EXTRA - JUDICIAL SALE EJF No.: 197-07-2015 Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended, filed by the 1st Valley Bank, INC., Baroy Lanao del Norte against JASSPER ARTAJO MONTECINO. Poblacion Baroy, Lanao del Norte to satisfy the indebtedness which as of September 1, 2015 amounting to THREE HUNDRED THOUSAND PESOS ONLY (Php 300,000.00) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at Public Auction on 9th day of December 2015 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Provincial Capitol of Lanao del Norte, Pigcarangan, Tubod, Lanao del Norte to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit: TRANSFER CERFTIFICATE OF TITLE No. T-27-483 A parcel of land (Lot 5 of the consolidation- subdivision plan (LRC) Pcs-6039 being a portion of the consolidation of Lots D & E, described on plan (LRC) Psd-38116, LRC Records No. (R. Pat.), situated in the Barrio of Baroy, Municipal of Kolambugan, Province of Lanao. Bounded on the NE., SE., SW., and NW., points 2 to 4 to 1 and 1 to 2, by Lot 13 of the consolidation- subdivision pls Beginning at a point, marked ”1” on plan being S. 23 deg. 12’8., 1047.50 a. “All sealed bids must be submitted to the undersigned on the above stated time and date. Tubod, Lanao del Norte, Philippines, this October 13, 2015.

For the Clerk of Court and Ex-Officio Sheriff

(SGD.) CONRADO V. HINGCO, JR. Sheriff BWM: Oct. 28, Nov. 4 & 11, 2015

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 18 Cagayan de Oro City R.B. VILLAROSA AND PARTNER CO., LTD., Mortgagee, EJF FILE NO. 2015-220 -versus- FOR: EXTRA-JUDICIAL FORECLOSURE OF REAL ESTATE MORTGAGE YOLANDO G. DOLLOSO married to JOSIE P. DOLLOSO Mortgagors. X---------------------------------------------------------/ Upon extra-judicial petition for sale under Act 3135 as amended, filed by R. B. VILLAROSA and PARTNER CO., LTD., Mortgagee, against YOLANDO G. DOLLOSO married to JOSIE P. DOLLOSO, Mortgagors, with postal address at Lot 22 Block 17, Villa Trinitas Subd., Ph 1-B, Bugo, Cagayan de Oro City to satisfy the mortgage indebtedness which as of September 9, 2015 amounted to ONE HUNDRED NINETY NINE THOUSAND NINE HUNDRED SEVENTY TWO PESOS and 53/100 (Php199,972.53), Philippine Currency, exclusive of interest and attorney’s fees, the undersigned sheriff will sell at public auction on December 11, 2015 at 9:00 A.M. to 4:00P.M., at the Regional Trial Court, Branch 18, Hall of Justice (City Tourism Hall), Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit: TCT No. 66663 A PARCEL OF LAND (Lot 22, Block 17, Psd-10-015679, being a portion of Lot 1-B-2-E-9, (LRC) Psd-96900) situated in the Barrio of Bugo, City of Cagayan de Oro, Island of Mindanao, containing an area of ONE HUNDRED TWENTY SIX (126) square meters, more or less. All sealed bids must be submitted to the undersigned on the above-stated time and date. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title herein above described and encumbrance thereon, if any there be. Cagayan de Oro City, October 27, 2015. FOR THE EX-OFFICIO PROVINCIAL SHERIFF

(SGD.) NIZA P. TACANDONG Sheriff IV

BWM: November 4, 11 & 18, 2015


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BDO Beauties Dominates Miss Oro Bankers 2015 T

By Joe Palabao, Editor at Large

hree (3) lovely, intellectual, witty and beautiful ladies from Banco de Oro (BDO) dominated this year’s 3rd Search for Miss Oro Bankers 2015 held at the jump packed state-ofthe-art Rodelsa Hall, Liceo de Cagayan University last November 6, 2015 this city.

Kimberly Ann Panes from Banco de Oro is this year’s Miss Oro Bankers 2015 along with two other BDO beauties, Maristela Baang as 1st Runnerup and Justine Camat as 2nd Runner-up. Joining the glories with them to this prestigious bankers’ pageant are Nicole Salise-3rd Runner-up of Sterling Bank of Asia and Catherine dela Cruz4th Runner-up of the Bank Philippine Islands (BPI). These girls bested other equally lovely candidates as they answered Q & A portion of the pageant with intelligence

and wit as they expressed their role as bankers to the global competitiveness with ASEAN Integration banking system. First Runner-up Maristela Baang of Banco de Oro bagged Best in Evening Long Gown competition. The gowns worn by the candidates were creations of Jie-Jie Aisa, one the most sought after fashion designers of Cagayan de Oro City now considered as the Fashion Capital of Mindanao. Jie-Jie Aisa also designed the glorious and beautiful crowns of the beauties.

Miss Oro Bankers 2015-Kimberly Ann Panes of Banco de Oro with Oro Bankers Club Inc., President-Crisantiago Parojinog/Manager of UCPB Cogon and Errol Joe GabePageant Managing Director of the 3rd Miss Oro Bankers Search 2015/Manager Asian United Bank (AUB)-Lapasan.

Kimberly Ann Panes is Miss Oro Bankers 2015 of Banco de Oro (BDO) with her royal court. First Runner-up Maristela Baang of Banco de Oro, Second Runner-up Justine Camat-Banco de Oro, Third Runner-up Nicole Salise of Sterling Bank of Asia and Fourth Runner-up Catherine dela Cruz of Bank of the Philippine Islands (BPI).

Maristela Baang also bagged minor awards: Best in MAGS Casual Wear, Best in Sports Wear and Best in Production Number. Miss Photogenic Award

went to Marjorie Achacoso of RCBC. Miss Congeniality went to Kimberly Ann Panes of BDO-the adjudged Miss Oro Bankers 2015, and Miss Spruce is

First Runner-up Maristela Baang of BDO is Best in Evening Long Gown Competition created by JieJie Aisa. Maristela Baang also bagged the Best in MAGS Casual Wear, Best in Sports Wear and Best in Production Number Awards.

Nicole Salise of Sterling Bank of Asia the pageant’s 3rd Runnerup. The 3rd Miss Oro Bankers 2015 prestigious and finest Beauty Pageant in the City of Golden Friendship was presented to the industry by the OroBankers Club, Inc., under the dynamic leadership of its President Crisantiago Parojinog-UCPB Manager Cogon Branch and its tremendous success was attributed to the Pageant’s Manager and Director Errol Joe Gabe/ Manager of Asia United Bank (AUB)-Puregold Lapasan. Business Week Mindanao and Mindanao Daily News are the Pageant’s print media partners. Banks’ sponsors are DPB,

UCPB, AUB, PNB, FCB, Maybank, 1st Valley Bank along with STI, Commonwealth Assurance Company, Vice Governor Alex Calingasan, Kag. Gomer Sabio, JieJei Aisa, Spruce, Gigi Go, CDO Hotel Xentrio, WillsPlace Business Hotel, Myra, Mags, Silka, Johnson&Johnson, Atoy Martinez Cinematography, Antonio Car Display, Willshire Hotel, Studio Fix, DATS, Katryn’s Bakeshop, GoodNews Dental Office and Microtrade. To the local industry, the 3rd Search for Miss Oro Bankers 2015 was the finest pageant the city ever had. Congratulations to all the Officers and Members of Oro Bankers Club, Inc., KUDOS!


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