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BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 071

Market Indicators

As of 6:20 pm November 10, 2016 (thursday)

FOREX

PHISIX

US$1 = P48.66

7,181.87

0.8

X X Briefly

cents

62.83 points

10-point agenda DAVAO City – Stakeholders in this year’s Philippine Development Forum (PDF) have drawn up a priority list of action plans geared to put flesh into the goals of the new government’s 10-point socioeconomic agenda to sustain high growth, drastically reduce poverty and create enough job under the Duterte presidency. These action plans include: • instituting tax administration and budget reforms, • using modern technologies to speed up the implementation of projects, • investing heavily in human capital and social protection, and • accelerating spending on agriculture and transport infrastructure, especially in Mindanao

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Solar energy to power San Franz by next year www.businessweekmindanao.com

By CHRIS V. PANGANIBAN, Contributing Editor

AN FRANCISCO, Agusan del Sur -- A 10 megawatt solar power plant will be built and expected to be operational in July 2017 within a 15-hectare lot in Bayugan 2 village giving bright economic prospects for the development of renewable energy sources in the province. This came about after a public hearing was held by E n e r g y R e g u l at o r y Commission at the main office of Agusan del Sur Electric Cooperative, Inc.

(ASELCO) here for the joint application of renewable energy service contract by GPower, Inc. and ASELCO. Jose Carlos, Jr., GPower power/PAGE 11

ARMM welcomes investors By Antonio L. Colina IV, MindaNews

River basin THE Cagayan de Oro City Council during its regular session Monday adopted Resolution No. 12486-2016, informing President Rodrigo Duterte, the secretary of the Department of Public Works and Highways (DPWH), Department of Environment and Natural Resources (DENR), Maritime Industry AuthorityManila, and the regional offices of said departments that the city government of Cagayan de Oro is ready to undertake dredging activity at the Cagayan de Oro River so as to remove the sandbars and restore the depth of the river as a deterrent against flooding. This is an offshoot of the special report of Councilor Zaldy Ocon, who expressed concern over the possible increase of current of the CDO River due to the heavy downpour which is continually affecting the city. In his special report, Councilor Ocon said during low tide boulders and sand bars are seen jutting out of the river.

P15.00

Thu-Fri | November 10-11, 2016

THE REASON FOR THE SEASON. As Christmas draws near, decors like this miniature belen are now in demand in this mall in Davao City in this photo taken November 7. The Christmas belen is a reminder of the reason for the season — the birth of Jesus. Mindanews photo

DENR to take over contested lands in Misamis Oriental By MARK FRANSCISCO, Staff Writer

THE Department of Environment and Natural Resources (DENR) in Northern Mindanao would

soon take over the lands being contested by Indigenous Peoples’ (IPs) in Misamis Oriental, an environmental

executive said Thursday. R u t h Ta w a n - t a w a n , DENR regional director, was specifically referring to a controversial vast piece denr/PAGE 11

DAVAO City -- The news about Republican Party candidate Donald Trump’s victory in the US presidential

elections was met with mixed reactions on Tuesday by participants at the 2016 Philippines Development

Forum ((PDF) here in SMX Lanang Premier convention center. trump/PAGE 11

DAVAO City – Acknowledging the role of private sector in growth and development, a top official of the Bangsamoro Development Agency (BDA) said that they welcome investors in the Autonomous Region in Muslim Mindanao

(ARMM). “We would like to welcome any investors, locally or from outside. The real engine of growth is the private sector. The government can only provide the basic investors/PAGE 11

Trumps victory met with mixed reactions from business leaders

Main Store: Prawn House Suites and Restaurant Regatta Square, Pueblo de Oro, Cagayan de Oro City Contact Numbers: 0915-959-4837 (Mobile) & 851-9014 (Landline)

First Branch: Prawn House Seafood’s and Restaurant Opol, Misamis Oriental Contact Number at 0975-381-4929 (Mobile)

AGUTAYAN REEF. Different species of marine life and century-old chorals flourishing along Jasaan’s Agutayan Reef. Photos courtesy of Benjo Allera

Second Branch: Prawn House Seafood’s and Restaurant Centrio - Ayala Mall, CM Recto Avenue, Cagayan de Oro City Contact Numbers at 0917-367-0337 (Mobile) & (088) 323-6225 (Landline)

Third Branch: Prawn House Seafood’s and Restaurant Sayre Highway, Hagkol, Valencia City, Bukidon Contact Number at 0995-672-0181

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DTI, Lanao Sur government to establish Go Negosyo Center MARAWI City -- In a bid to assist entrepreneurs start and manage their business, the Department of Trade and Industry (DTI) Provincial Office and the Provincial Government of Lanao del Sur is eyeing the establishment of a Go Negosyo Center in the province. Danny Arumpac, senior trade and industry development specialist and Go Negosyo focal person, said the establishment of Negosyo Center will bring government services closer to small businesses and promote entrepreneurship in the province. Under the Republic Act 10644, also known as the Go Negosyo Act, a Negosyo Center shall be established

in all provinces, cities and municipalities to promote the ease of doing business and help create jobs and livelihood. Jasnia AdiongPandap at an, provincia l livelihood training center manager, said the Negosyo Center of the province will be established at the Lanao Peoples’ Park for greater accessibility. Among the services to be offered by the Negosyo Center include business registration through the Philippine Business Registry (PBR) System and Barangay Micro Business Enterprise (BMBE); business advisory services such as product development, market promotion, financing negosyo/PAGE 11

Economy

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Simultaneous legislative work on Bangsamoro law, federalism eyed D AVAO City – The passage of a new Bangsamoro enabling law will move alongside efforts toward implementing a federal form of government to immediately address the historical injustices and end decades of armed conflict in Mindanao, said Office of the Presidential Adviser on the Peace Process (OPAPP) Secretar y Jesus Dureza in a gathering of media practitioners in the city late last week. “The real roadmap is, as much as possible, we would entrench already the Bangsamoro law and make it operational because federalism is matagal na

proseso (a long process),” Dureza commented. “Kung maging constitutional compliant [ang susunod na Bangsamoro law] and the Congress natin will pass it, maybe ma-test pilot na natin ang Bangsamoro sa federalism (If the next Bangsamoro law would be constitutional compliant and our Congress will pass it, maybe the Bangsamoro can test pilot our move to federalism).” The p eace s ecretar y added that the Bangsamoro enabling law will be drafted by the expanded Bangsamoro Transition C ommission (BTC) to ensure inclusivity in the proposed legislation and the full implementation of signed peace accords. “In c lu s i v it y i s v e r y i mp o r t a nt . In c l u s i v i t y means, when we come out

eventually with a new law that will replace the ARMM (Autonomous Region in Muslim Mindanao), we hope that it should come f r o m t h e F i n a l Pe a c e Agreement that was signed in 1996 with the MNLF (Moro National Liberation Front) and it will also draw provisions of the CAB (Comprehensive Agreement on the Bangsamoro) with the MILF (Moro Islamic Liberation Front),” Dureza maintained. “There are provisions in the ARMM law that can be also important [in the proposed Bangsamoro law] and also pertinent provisions of the IPRA (Indigenous Peoples Rights Act) [that can be inserted] so that eventually yung ipapasa ng Kongreso, kung may ipapasa man, to entrench and establish a

new government unit for the Bangsamoro, kalahok ang lahat at hindi MILF, MNLF lang (There are provisions in the ARMM law that can be also important in the proposed Bangsamoro law and also pertinent provisions of the IPRA that can be inserted so that eventually the law, that the Congress would pass which would entrench and establish a new government unit for the Bangsamoro, enjoins everyone not only the MILF and the MNLF),” he continued. After more than 17 years of negotiations, the Government of the Philippines (GPH) and the MILF reached a milestone in the peace process with the signing of the CAB last 27 March 2014. However, its full implementation was stalled when the 16th federalism/PAGE 11

Utilization of science intervention material to improve the performance of students in science RPN Radyo Ronda Stations Nationwide

CNN Philippines Stations Nationwide CNN Philippines TV-9 Manila CNN Philippines TV-12 Baguio CNN Philippines TV-12 Dagupan CNN Philippines TV-26 Tarlac CNN Philippines TV-10 Iriga CNN Philippines TV-4 Iloilo

CNN Philippines TV-8 Bacolod CNN Philippines TV-9 Cebu CNN Philippines TV-5 Cag. de Oro CNN Philippines TV-5 Zamboanga CNN Philippines TV-7 GenSan CNN Philippines TV-9 Davao

DZBS 1368 Baguio DZRL 639 Batac DZTG 621 Tuguegarao DZKI 1332 Iriga DYKW 936 Binalbagan DYKB 1404 Bacolod DYKC 675 Cebu DXKO 1368 Cagayan de Oro DXKS 1080 Surigao DXKD 1053 Dipolog DXKP 1377 Pagadian DXXX 1008 Zamboanga DXKT 1071 Davao DXDX 693 General Santos

By METCHIE D. COSCOS Teacher III Kalilangan Central School

TRADITIONAL science lessons have often begun with teachers presenting students with science vocabulary words and asking them to write the words, find the definition in a dictionary or the glossary of the textbook, match the words to definitions or use the words in a sentence. In this model of instruction, words are often presented in isolation and students are tested on the words

alone without application to concepts. It’s not supposed to be. The job of science education should be to teach students how to use the thematic patterns of science to communicate meanings, “talking” science to solve problems in writing or speaking about issues in which science is relevant. The goal of helping students learn to communicate about science is important but we must

also be aware of potentially harmful messages that can be unconsciously communicated to our students. It’s important that we emphasize the human side of science. These well-established ideas about the nature of science have a lasting effect on the students so we need to be sensitive about the messages we communicate. Science is creative and science is tentative which means that scientists recognize that we understand things based on current research.

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

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Opinion

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Christmas 2016: Jesus was cenused as Joseph’s son

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Can’t get no satisfaction Think a minute…What’s your pleasure? Do you enjoy music and parties? A nice meal with your closest friends? Or do you enjoy gambling and alcohol? Maybe you love sports like football, tennis or golf ? What’s your greatest pleasure? As one guy puts it: “What turns your eyes red?” Pleasures make us feel alive and free. But the problem with pleasure is that it only makes us feel good and satisfied for a short time. Unfortunately, we still end up feeling like the old hit song by the Rolling Stones: “I can’t get no satisfaction.” After the party’s over we’re back to living our same, ever yday life and responsibilities. It seems even worse after your big high and pleasure. Just ask the guy with the terrible hangover. Ask his wife or kids whom he beat up while he was drunk. Ask the wife and children who are suffering terrible heartbreak and pain from the adulterous affair their father had with another woman. Yet the amazing thing is we keep doing these same wrong things over and over again. These same things that keep hurting ourselves and the ones we love. We keep believing the lie and illusion that these extreme feelings

THINK

A Minute

Jhan Tiafau Hurst of physical pleasure are what we want and need to feel satisfied. So even though we already know from our own experience that the pleasure doesn’t last and satisfy, we keep going back for more. We’re almost like the dog that keeps chasing its tail. But there’s a reason why we can’t be satisfied just from physical pleasures. It’s simply not possible! We are not made or designed that way. We humans are not able to be permanently satisfied with only fun experiences and physical pleasures. You and I were made for much more than “just to have a little fun before we die!” God made us spiritual beings like Him, so the only way we can be fully satisfied and happy is by having a daily, close personal hurst/PAGE 11

LIFE’S INSPIRATIONS: “… `In those days and at that time I will make a righteous Branch sprout from David’s line; he will do what is just and right in the land…” (Jeremiah 33:15, the Holy Bible). -ooo CHRISTMAS STORY: JESUS WAS CENSUSED AS THE SON OF JOSEPH: Here is one more stor y about Christmas, according to the Bible in its Luke 2, which proves that Jesus, our God and Savior, was truly recorded, through a census, as a son of Joseph, the husband of the Virgin Mary, even if Joseph and Mary did not live together as husband and wife before Mar y got pregnant with Jesus. It i s i mp o r t a nt f o r believers to understand this story narrated in Luke 2, because this is actually the realization of the prophecies of many prophets of old, that the son who will be conceived and given birth to by the Virgin will come from the line of David, the shepherd who became king of the Israelites.

“In those days Caesar Augustus issued a decree that a census should be taken of the entire Roman world. (This was the first census that took place while Quirinius was governor of Syria). And everyone went to their own town to register. -ooo THE RECORDING OF JESUS IN A CENSUS: “So Joseph also went up from the town of Nazareth in Galilee to Judea, to Bethlehem the town of David, because he belonged to the house and line of David. He went there to register with Mary, who was pledged to be married to him and was expecting a child. “While they were there, the time came for the baby to be born, and she gave birth to her firstborn, a son. She wrapped him in cloths and placed him in a manger, because there was no guest room available for them. “A n d t h e r e w e r e shepherds living out in the fields nearby, keeping watch over their flocks at night. An angel of the Lord appeared to them, and the glory of the

Lord shone around them, and they were terrified… -ooo JESUS, OUR GOD AND SAVIOR: “But the angel said to them, `Do not be afraid. I bring you good news that will cause great joy for all the people. Today in the town of David a Savior has been born to you; he is the Messiah, the Lord. This will be a sign to you: You will find a baby wrapped in cloths and lying in a manger.’ “Suddenly a great company of the heavenly host appeared with the angel, praising God and saying, `Glory to God in the highest heaven, and on earth peace to those on whom his favor rests.’ When the angels had left them and gone into heaven, the shepherds said to one another, `Let’s go to Bethlehem and see this thing that has happened, which the Lord has told us about.’ “So they hurried off and found Mary and Joseph, and the baby, who was lying in the manger. When they had seen him, they spread the word concerning what had been told them about this

K akampi

Mo A ng Batas

Atty. Batas Mauricio child, and all who heard it were amazed at what the shepherds said to them. But Mary treasured up all these things and pondered them in her heart…” -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 H O U R S a d ay, i n t h e Philippines and the world at w w w. f a c e b o o k . c om / angtangingdaan or www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

What is to be a person? Philosophy coldly defines a person as a “substance of a rat iona l nature.” I say, coldly, because the definition is actually very pregnant with implications whose need for us to know and live out has become urgent these days. The prevailing u nd e rst and i ng is qu ite inadequate and potentially dangerous. Many people u n d e r s t a n d “ p e r s o n” almost exclusively as an individual, with hardly any reference to his essential dimension of its ability to create relationships to others, especially to God. Thus, when one uses the word, “personalized,’ he usually has in mind his individua lity, complete with his distinctive peculiarities, preferences, and uniqueness. There’s hardly any reference to the common bond that relates him to others. A point in the Catechism of the Catholic Church says something relevant. “B eing in t he image of God, the human individual possesses the dignity of a person, who is not just something, but someone.” The Catechism explains further, shedding light on the difference between a something and a someone. The human person who is a someone and not just a something is “capable of self-knowledge, of selfpossession and of freely giving himself and entering into communion with other

persons. And he is called by grace to a covenant with his Creator, to offer him a response of faith and love that no other creature can give in his stead.” A person is an individual who is always in relation wit h ot hers. He simply c an not b e on h is ow n . His life, his growth, and maturity, his capacity to resist temptations and to h an d l e h i s w e a k n e s s e s well would depend on his relation with God and with others. Since we are made in the image and likeness of God, we as persons must somehow reflect also the perpetual relation within the three persons in one God. We are meant to be taken up, with God’s grace, in that Trinitarian relation of knowing and loving one another. That’s why Christ told us in no unclear terms that the greatest commandment we ought to follow is to love God with all our might, and the second greatest is to love our neighbor. We n e e d t o t r a i n ou rs e lve s to b e a lw ay s mindful and thoughtful of the others. In this way, we avoid confining ourselves to our own world which definitely will not be the r e a l w o r l d , b e c au s e i t would be a world of pure subj e c t iv i s m , d e t a che d from the objective world outside of ourselves. We h ave to b e b ot h mindful and thoughtful

b e c aus e t his is w hat is proper to us. If we fail to cultivate these traits, we actually are harming our very own humanity, aborting our road to human maturity, not to mention, the fullness of Christian life. We need to be mindful because we have to know what’s going around us. We should never be aloof and indifferent. We have to be aware not only of t h i ng s and e ve nt s t h at are taking place, whether near or far, but also and most especially of persons, starting with the one right beside us. And not only should we be mindful. We also ne e d to b e t hou g ht f u l. We should think ahead of how things are developing and of what we can do to help shape their evolution. Life is always a work in progress, and there are goals, the ultimate and the subordinate, to reach. We should not get stuck with the here and now. We should learn to read the signs of the times and to prepare ourselves for whatever indications or warnings they are giving us. This way we put ourselves in condition to influence the flow of things, and to somehow already fashion the future. In this way, we extricate ourselves from our own subjective world and get to grapple with the objective reality. If we can only be true

HINTS

and

Traces

Fr. Roy Cimagala to our status as persons, we can never afford to waste time in some self-indulgent activities. That’s simply because there are many and endless things that we need to think about and relate ourselves with. People with varying needs will always be around. Issues, concerns, challenges keep on coming. How to relate them to God will always demand our attention and action. Every night before going to bed, we need to examine ourselves if indeed this is the principle that we tried to follow during the day. We can always find some room for improvement. This is actually a big challenge nowadays as we see people, especially the young ones, trapp ed in their own world of selfabsorption. Thanks and no thanks to our new technologies that, if used indiscriminately, can ruin our need to be mindful and thoughtful, undermining our status as persons. roycimagala@gmail.com.

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thu-fri|november 10-11, 2016

Inflation outlook:

Banking&Finance

No price shocks till yearend, rates likely to be kept

N F L AT I O N w a s unchanged at 2.3% last month and economists do not foresee price shocks for the rest of the year. The result is also expected to figure in this week’s Monetary Board meeting. The unchanged inflation rate was tracked as higher food prices traced to two typhoons were tempered by steady readings for nonfood items. The result: up from 0.4 percent a year earlier; it fell within the Bangko Sentral’s 1.9 to 2.7 percent forecast for the month. In a t e x t m e s s a g e , BSP Governor Amando Tetangco said,”the turnout is in line w/ our view that inflation will be manageable over the policy horizon, and slowly rise to within target in 2017-18.” According to Tetangco, the rise in consumer prices remains consistent with their outlook, indicating

t hat p ol i c y r ate s w i l l likely stay unchanged at this Thursday’s (Nov. 10) Monetary Board meeting. The October figure put year to date inflation at 1.6 percent, below the government’s 2 to 4 percent target range. Economists say that while upside risks remain, price shocks are unlikely for the remaining two months of the year. Economist and former NEDA chief D ante Canlas of the UP School of Economics said the incre as e f rom August to September “was due mainly to increase in food prices arising mainly from natural disasters and bad weather.” But, he added, “as the economy moves on a n d w e e nt e r t h e months of November and December where we expect the weather to improve, I guess we don’t expect any more surprises from food prices.”

Economists add that an uptick due to increased consumer spending would a l s o b e go o d for t h e economy. Ronilo Balbieran of the University of Asia and the Pacific (UA&P) said “the 2.3% is a combination of a healthy confidence of consumers and at the same time tamed increases in prices of goods and services.” He added that, “even if it hits 2.5% I don’t see any problem; in fact that’s the dream of other countries. The dream of other countries is for inflation to kick in.” Risks to the outlook include higher oil prices, a continued peso fall, p end i ng p et it i ons for power rate hikes and more weather disturbances, but economists are discounting a yearend spike. C an l a s n ot e d t h at , “t h e re a re a l s o s om e moderating factors on

inflation. Let’s face it: the share of imported oil in petrol products has gone down, particularly in the power sector, so that while we see an increase in oil prices it might not be that strong to cause a big spike in inflation.” Ahead of this week’s MB meeting, Tetangco said monetary authorities will pay close attention to these factors and global developments. “We will continue to monitor pending petitions for hikes in utility rates, among others on the domestic front; and global economic activity on the external f ront , as wel l as r isk factors to the outlook,” said Tetangco. The National Economic and Development Authority is also optimistic that prices will remain steady, noting that supply conditions. particulary for food, will improve amid robust domestic demand.

PDIC raises P21M from sale of seized assets THE PHILIPPINE Deposit Insurance Corp. (PDIC) raked in P21.3 million from the sale of seized lots and other assets during a public bidding last month. In a statement released to reporters on Tuesday, the state deposit insurer s old 21 re al and other properties acquired on Oct. 25 comprised of 19 closed banks with a face value of P20.8 million and two corporate assets amounting to P430,000. “Collectively, the bidding yielded a premium amounting to P5.9 million against the aggregate minimum disposal price of P15.4 million for all assets sold which consisted of commercial and residential properties located in Metro Manila and the provinces of Batangas, Benguet, Bulacan, Cagayan, Cavite, C ebu, Isabela, La Union, Tacloban and Tarlac,” the PDIC said.

Proceeds from the sale of assets for disposal were added to the pool of liquid assets of the closed banks “for distribution to uninsured depositors and ot her cre ditors in accordance with the rules on concurrence and preference of credits.”

“Meanwhile, proceeds from the sale of corporate assets are added to PDIC’s Deposit Insurance Fund, the funding source for payment of deposit insurance claims,” it added. The central bank has closed 17 small banks, with the latest one being the

Community Rural Bank of Dingras (Ilocos Norte) Inc. which was ordered shut by the Bangko Sentral ng Pilipinas last week. The PDIC regularly hosts public auctions and bidding activities in line with its mandate of a speedy disposal of its non-financial assets.

DBP, DTI ink MOA to assist MSMEs in Region 6, 11 THE Development Bank of the Philippines and the Department of Trade and Industry in Regions 6 and 11 have forged agreements to address the needs of micro, small and medium enterprises through the Adopt a Negosyo Center Program. The memoranda of agreement aim to provide a framework of cooperation and coordination between

the bank and the Negosyo Centers in assisting assistance to MSMEs under their jurisdiction. The Adopt a Negosyo Center program institutionalizes the cooperation and shared responsibility among various partners of the Centers, which are essentially one-stop shops where MSMEs can access financing, knowledge, and

other services to promote their sustained growth. T h e DB P s ai d i n a statement that the Davao and Iloilo Negosyo Centers are expected to be vital instruments in spurring more vibrant local economies and fostering greater financial inclusion. The bank also said it is committed to assist other Negosyo Centers around the country.

Toward the 21st Century Philippine Technology Education By Charlie C. Quidet, PhD

Computer education has taken a backseat to the tragic circumstances in our country. Compounding the economic conditions of the Philippines, Filipino citizens have settled with rampant government corruption, widespread drug use, high crime rate and seemingly unending poverty. Yet, some computer education does exist in schools, though not uniformly or equitably. Education in developing countries take place under circumstances that are

s u b s t ant i a l l y d i f fe re nt from those in developed countries. The Philippines along with other developing countries in Asia are generally interested in educational technology particularly in ICT in the hopes of reaping the pedagogical benefits associated with it. Chris Datol, operations manager of Vibal’s subsidiary Vibe Technologies Inc., said during the Annual Microsoft Phi l ippi nes Innovat ive Education Summit last

March 2 that “a child becomes smarter when he or she uses a digital device and consumes digital material. Hence, this statement speaks true to all learners around the globe. The maximum useful utilization of the available digital device(s) resource in the classroom is a great leap for the educational advancement and technical skill of the students. H o w e v e r, d e s p i t e enthusiasm from all sectors of the Philippine educational agencies and sectors, it still suffers from numbers of

shortcomings. Among them is the lack of coordination between public and private sectors to fully ensure that the availability of the materials is readily available and accessible to both students and teachers. Nonetheless, the effort of all educational stakeholders beyond the compounding barriers are all for the betterment of the quality of education in our country. Despite all quandaries, the Filipinos still hope for a better quality of teachers, students, resources and the education system as a whole.

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thu-fri|november 10-11, 2016

Flash PH joins Lazada’s annual Online Revolution Sale A

Flash Plus 2, to hit the e-commerce site at the most competitive price Php 6,990.

nother special treat from Flash Plus Philippines—one of Asia’s rising developers of lifestyle and smart devices—is coming your way this yuletide season as it joins the annual Online Revolution Sale of e-commerce giant, Lazada Philippines! This time, Flash offers its signature smartphone, the Flash Plus 2 (3GB), at the price of Php 6,990 for November 11 only. Now, on its 4th year, the annual online sale will be bigger than ever. It will highlight some of the online shoppers’ most well-loved products from Lazada, including the Flash Plus 2. “Flash Plus 2 has received positive reviews from its users as we launched it in the country earlier this year. As a way of giving back to our loyal customers, we tied up with Lazada’s annual product culmination in which they can purchase the Flash Plus 2 (3GB) at a more competitive price for a limited time only,” Sheree Gayas, Flash Philippines’ marketing manager.

The said smartphone boasts its futureforward attributes that bring superior durability, efficiency, and convenience to the users. These include highdefinition phone camera, Hi-Fi audio capacity, and fingerprint recognition capabilities, all enclosed in a sleek metal case. Sleek metal case Flash Plus 2’s exterior is made more stylish with its aluminum case, which is also crafted to achieve superior durability through several kinds of metal polishing processes. The case’s sides are treated with Bead Blasting textures, allowing for a sleek side view. The back panel, on the other hand, is treated with high-density hairline metal drawing processes for excellent grip and added protection against scratching. HD camera phone As a camera phone, Flash Plus 2 exhibits the same superior photography DNA, found in all Flash smartphone offerings. With its builtin high definition camera with a 13-megapixel rear

lens, Flash Plus 2 allows you to take high definition photos and videos. It also adopts PDAF and contrast focusing features, which are useful for capturing fleeting moments. It also makes shooting under dim light much easier with its built-in rear dual color flash lamp, RealTone, and front LED flash with Color Rendering Index. Fingerprint recognition Through the

smartphone’s fingerprint recognition capability, you can now ensure optimum security and convenience in phone unlocking. This feature has a high accuracy level that responds in half a second. It can also safeguard all your apps and private folders by assigning specific fingerprint to access them. For instance, you can use your thumb to open your Facebook account, index to send an

e-mail, among others. Hi-Fi Audio With Flash Plus 2, you can also have an immersive music experience. This is due to its high-fidelity amplifying functionality. It has a quality-retaining earphone acoustics, high sound volume effects, and MIX music production. These are made possible through the independent AKM4375 audio decoding chip

coupled with state-ofthe-art IRD sound digital filter, with value-retaining signal output measuring up to high-fidelity acoustic effects. Flash Plus 2 has two color options—Luna Silver and Venus Gold, which will all be available in Lazada’s Online Revolution Sale. For more details, please visit the website at http://www.flash3c.com/ ph.

Globe Chief Information and Technology Officer Gil Genio

Globe Telecom’s additional network investments will be used mainly to amplify benefits of the telecommunication operator’s new spectrum assets to further enhance its mobile services particularly for data. The company recently announced an additional capital spend of $300 million for the year in an effort to continuously improve mobile data services. More

than half of the additional capital expenditures or $160 million will be devoted to deploying cell sites using the 700 megahertz spectrum as well as additional spectrum in the 2600 MHz band, said Globe Chief Information and Technology Officer Gil Genio. This year alone, the c o mp a ny h a s a l l o t t e d around $400-$500 million in investments for mobile.

The company expects to do more in the future, said Genio, speaking at the 1st DICT Summit in the country. He said the company is targeting to roll out additional 700 sites for LTE 700 MHz in major cities in the country including Metro Manila, Metro Cebu and Metro Davao. So far, the company has around 260 LTE 700 MHz sites. The company also plans to deploy close

to 2,700 sites for LTE 2600 band. Additional core and transport upgrades will also be undertaken, Genio said. In addition to investments for mobile, Globe is also aggressively ramping up investments for its corporate data network with additional investment of $50 million, and for home broadband deployment with $90 million more capex. globe/PAGE 10

Globe network investments to amplify benefits of new spectrum assets; continuously enhance mobile network

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thu-fri|november 10-11, 2016

Petron 9-month profit soars

ETRON Corp. reported a 47% increase in net income to P7.4 billion in the nine months to September this year, largely driven by higher sales and efficient production, the company said on Tuesday. An attendant loads fuel on a motorcycle at Petron station in Manila on May 12, 2009. -- AFP “We are confident that we can substantially increase our profits in 2016 compared to last year as demand for fuels remains strong,” said Ramon S. Ang, Petron president and chief executive officer, in a statement. “Strong demand combined with strategic programs we have successfully executed means a higher growth trend

for Petron over the long term,” he added. During the nine-month period, Petron said its “solid performance” was fueled by sales volume growth after a “strong demand and improved production efficiencies.” The liste d comp any said sales volume in the Philippines and Malaysia increased by a combined 6% to 78.2 million barrels during the nine-month period from 73.6 million barrels in the same period last year. Both markets posted a “substantial growth” across major business segments, namely reseller, industrial, liquefied petroleum gas (LPG) and lubricants. “The increase in sales volume partially offset the

drop in sales revenue due to lower product prices,” the company said. During the three quarters, consolidated revenue dropped by 11% to P247.8 billion from P278.3 billion in the same period last year. Philippine sales rose by 10% or 3.3 million to 36.4 million, fueled by increased industrial diesel sales, retail gasoline volumes, high demand from the aviation sector and growing LPG consumption from households, the company said. In Malaysia, Petron’s operations registered a growth of 8%. Operating income grew by 23% to P16.8 billion in the first nine months of the year.

One of Petron’s big projects this year is the expansion of its network. Petron has close to 2,250 service stations in the country, a count which it said was larger than the combined numbers of its three closest competitors. In Malaysia, the company continues to expand its network of around 570 retail outlets by putting up more service stations, particularly in underserved markets. At the start of the year, Petron commissioned its $2-billion refinery upgrade, allowing it to produce more high-value fuels and petrochemicals. The project has pulled down costs as its 180,000 barrels-per-day Bataan refinery upgrade is able to process cheaper crude products.

SM Investments 9-month profit hits P22B SM INVESTMENTS Corp. managed to keep its financial performance 11% above yearago levels when the third quarter ended, as the real estate, banking and retail businesses continued to deliver. The listed conglomerate’s consolidated net income during the nine months to September increased to P22 billion, following a 9% revenue growth to P252.4 billion from the P230.8 million, according to a statement issued on Wednesday. The improved performance of the holding firm of the country’s richest man Henry Sy, Sr. reflects the 13% earnings growth in

the property business, 11% in banking and 7% in retail. Property and banking each accounted for 39% of the consolidated income, and retail for 22%. “Our core businesses are delivering solid growth in line with the investments we have made and against a background of stable economic fundamentals,” SM President Harley T. Sy was quoted as saying in the statement. The property business under SM Prime Holdings, Inc. booked a 13% increase in net income to P17.5 billion from P15.5 billion, after generating P57.8 billion or 11% more revenues. This was driven by leasing operations

and property sales. In the banking sector, SM benefited from the robust core lending, deposit-taking and fee-based businesses of BDO Unibank, Inc. that netted 10% more or P19.3 billion, along with China Banking Corp. that posted a 31% surge in profit to P4.8 billion. Retail operations under SM Retail, Inc., meanwhile, turned in sales amounting to P186 billion and a net income of P7 billion, which stood 9% and 7% over the previous year’s comparable results. In the first nine months, The SM Store opened two branches in SM San Jose Del Monte in Bulacan and

Liberty Telecoms shares suspended T H E P h i l ippi n e St o c k Exchange, Inc. (PSE) suspended the trading of Liberty Telecoms Holdings, Inc. (LIB) shares after its public float dipped below the 10 percent minimum re q u i re m e nt on l i s t e d companies, as set by the PSE’s Amended Rule on Minimum Public Ownership. The decrease in its shares available to the public was a result of the block sale done in the market on November 4 for the acquisition of the shares tendered by its minority shareholders in connection with the voluntary delisting

pro c e du re t h at L I B i s pursuing. LIB previously announced the cross date of the tendered shares and the subsequent trading suspension through a disclosure to the PSE. “While we encourage companies to continue to be listed, we respect the business judgment of listed companies to go private. Furthermore, we are in communication with the relevant regulatory agencies as regards the said transaction,” said PSE Chief Operating Officer Roel A. Refran. LIB embarked on a tender

offer exercise from August 24 to October 20, 2016 following its petition for voluntary delisting. The petition for voluntary delisting, as well as all other information related to the company’s tender offer, was disclosed by LIB to the public. The c o m p a n y ’s proposed date of delisting is on November 21, 2016, subject to the approval of the PSE. However, minority shareholders of a delisted company can still transact through the over-the-counter market, and not through the facilities of PSE.

SM Trece Martires in Cavite to have 55 branches with an aggregate gross selling area of 700,000 square meters. The food retail group also expanded in both urban and rural communities, growing its portfolio to 277 stores with 15 more Savemore, two SM Supermarket, one SM Hypermarket and three Wa lt e r Ma r t . A l f a m a r t , meanwhile, increased its branches to 187 from 99. “We are also encouraged by the performance of the recently merged specialty retail stores which delivered double-digit topline growth,” Mr. Sy noted. Earlier in July, SM received regulatory approval for the merger of other Sy-led specialty retail operations with over 1,400 outlets into SM Retail. The nine months to September saw a 13% surge in revenues from recently acquired specialty retailers, which added 95 stores during the period. “The intention of the government program to invest heavily in nationwide infrastructure projects should help economic development and drive provincial growth outside Metro Manila which is where we are also directing our investments,” Mr. Sy said. As of end-September, SM Investments has grown its total assets to P813.5 billion, while maintaining a gearing ratio of 39% net debt to 61% equity.

The Problem with Education and Why Nots? By Charlie C. Quidet, PhD

According to the human capital theory, the economic development of a nation is a function of the quality of its education. In other words: the more and better educated a people, the greater the chances of economic development. For decades, the Philippines has always had large populations of migrant workers abroad. From a purely economic perspective,

CorporateWorld

working elsewhere will always be more financially rewarding. In fact, many doctors go back to school to study BS Nursing, hoping to work abroad in a lower level. In addition, with the advent of the call centers that can pay higher than some local managerial positions, many college graduates (even the board passers in nursing, accountancy, and engineering) choose to take

a dead-end path. It is an undeniable fact that huge percentage of outof-school youth have access to television and radio, and if the media would have it in their hearts to act on this fact, then they should stop producing stupid TV shows and focus on educating the nation instead. We n e e d s c h o o l t o e d u c at e o u r c h i l d r e n , w het her it b e mat h or rape culture or biology or sexism. However, knowing

that school isn't anymore something accessible to everyone, why not utilize all available resources as an alternative? Why not invest more in shows that teach about health, science, politics, religion(s), culture, international news and current affairs, instead of cheesy, corny, improbable, overly dramatic, unnecessary shows which only serve to further narrow our already narrow minds?

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thu-fri|november 10-11, 2016

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thursday|november 10, 2016

CONGRATULATIONS AWARDEES!

10 Gov’t pushes for ICT to ease congestion Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

thursday|november 10, 2016

Ma l a c añ an on Tu e s d ay, November 8, underscored the use of information and communications technology ( IC T ) i n e a s i n g t r af f i c congestion in Metro Manila and other highly urbanized areas in the country. In his message via teleconference at the first ICT Summit, Presidential spokesperson Ernesto Abella said ICT “can provide the necessary intervention” in easing traffic congestion in the metropolis. Ab ella s aid traf f ic congest ion imp e des t he mobility of people, goods and services and threatens

the livability of the country’s cities. “For example, employees can telecommute, instead of physically travelling and thereby help unclog blocked traffic arteries,” Abella said, noting that telecommuting refers to teleworking, telepre s e n c e, te l e - l e ar n i ng . “ Through teleworking, the employee utilizes communications and I.T. solutions, so he or she can work from home or an alternative worksite as they would in the traditional workplace,” Abella said. “Through tele-presence, small groups can have faceto-face meetings through

video conferencing and remote presence technolog y,” he added. As for tel e - l e ar n i ng , Abella said public schools and government learning centers can allow students and faculty to hold classes and school activities without being physically together on campus. “This is especially helpful for community-based learning, TESDA courses and continuing adult education,” he said. Abella meanwhile lauded the efforts of the Department of Information and Communications Technology

(DICT) in facilitating and accelerating public access to the internet by expanding the broadband structure throughout the countr y, ensuring connectivity and lower cost for high-speed remote and mobile access. The Palace official likewise underscored the importance of public-private partnership and a public policy-enabling environment in promoting the concept of telecommuting. "For example, the private sector in partnership with the government sector aim to develop and provide ICT solutions, lasting systems, ICTbased traffic management,

Report ID : MOSR2020 Rundate :

09 Nov 2016

Runtime :

10:33:50 AM

mitigate the traffic crisis as government continues to expand and improve the road network and public transport of the country,” he said. (PND)

Globe...

by Globe to the NTC as part of a 3-year rollout plan as it acquired new telco assets from the SMC sellout. “We need to dramatically improve cell site coverage in the Philippines,” Genio emphasized, noting that the country only has about 21,000 total cell sites compared about 55,000 in Vietnam. According to Genio, Globe is able to put up 400 to 500 towers every year, or half of its target of 1,000 sites due to permitting challenges.

from page 6

During the conference, Genio also reiterated the need for the rationalization of permitting process for the establishments of cell sites. He revealed that Globe has a backlog of 3000 sites amid difficulties in securing permits from various local government units, homeowners associations an d ot h e r g ov e r n m e nt agencies. This is in light of the 4,500 sites committed

ICT in Education

TREASURY DEPARTMENT TDF Auction Results

By JEROME G. TULANG EPP – Special Subject Teacher West City Central School

Summary of Results:

AUCTION DATE:

09 Nov 2016

AUCTION DATE:

09 Nov 2016

TENOR:

7 days

TENOR:

28 days

AMOUNT OFFERED:

P 10,000.00 (In Millions)

AMOUNT OFFERED:

P 120,000.00 (In Millions)

P 30,674.00 (In Millions)

AMOUNT TENDERED:

P 232,177.00 (In Millions)

AMOUNT TENDERED:

parking management, carpooling, installation of high-speed Wi-Fi zones along congested roads,” Abella said. “These incremental efforts

AMOUNT AWARDED:

P 10,000.00 (In Millions)

AMOUNT AWARDED:

P 120,000.00 (In Millions)

ACCEPTED YIELD:

2.5000% - 2.5250%

ACCEPTED YIELD:

2.5000% - 2.8000%

WEIGHTED AVERAGE ACCEPTED YIELD:

2.5229%

WEIGHTED AVERAGE ACCEPTED YIELD:

2.7371%

BID COVERAGE RATIO:

3.0674

BID COVERAGE RATIO:

1.9348

Page 1 of 1

WORLDWIDE research has shown that ICT can lead to improved student learning and better teaching methods. A report made by the National Institute of Multimedia Education in Japan proves that an increase in student exposure to educational ICT through curriculum integration has a si g ni f i c ant and positive impact on student achievement especially in terms of knowledge, comprehension, practical skills and presentation skills in subject areas such as mathematics, science and social study. Through ICT, images can easily b e us ed in teaching and improving the retentive memory of students. Through ICT, teachers can easily explain c omp l e x i n s t r u c t i on s a n d e n s u r e s t u d e nt s’ comprehension. Through ICT, teachers are able to

create interactive classes and make the lessons more enjoyable which could improve student attendance and concentration. ICT can contribute to universal access to education, equity in education, the delivery of quality learning and teaching, professional development of techers and more efficient education management, governance and administration. In order to be innovative and inclusive, learning and education strategies must recognize all places where learning takes place – at work, in the community, in the family and in social and civic life. ICT has tremendously broadened the opportunities for people to acquire information, interact, network, address issues of common concern, g e n e r at e i n c om e a n d participate in society.

A Great Leap in the Philippine Education

Page 1 of 1

By Charlie C. Quidet, PhD

A major change in our c ou nt r y ’s e du c at i on a l landscape is taking place: the Department of Education (DepEd) launched the K-12 Curriculum in June 2012. Filipinos are known to be competitive in the international community. Howe ver, our c ur rent education system hinders us from becoming even more competitive. The implementation of the K-12 in the Philippine Basic Education Curriculum is the key to our nation’s development. Though the government faces many problems as it implements t he prog ram over t he course of several years, it is a necessary improvement since increasing the quality of our education is critical to our nation's success. However, if there has to

be changed in the Philippine educational system, it will be all about the change in perspectives. It will be difficult and painful for people who are in the system for quite some time. But to change, to create change, to pursue change, there has to be a change of heart and perspectives. In the end, Filipinos are just hoping too hard that people in the Department of Education and its stakeholders will take more effort to deepen their understanding on how K to 12 can be a tool for societal change and social relevance. People in this department will see hope in this educational program as to widen its effects in terms of changes personally, professionally, or g a n i z at i on a l l y, a n d socially.

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thu-fri|november 10-11, 2016

Power...

Investors...

president, said the company is awaiting for ERC to issue a provisional authority in January next year for them to start constructing the Solar Photovoltaic Power (ground mounted) project which can be completed within a six-month period. GPower will initially p r ov i d e A S E L C O w i t h 10 megawatt electricity especially during summer months starting April until October each year but can provide more solar power since the 15-hectare area owned by the family of former governor Valentina Plaza where the plant will be built can actually produce 1.2 megawatt per hectare. Carlos said the facilities of the project include a solar power generation system, substation and transmission facilities and operation and maintenance services He s a i d s i n c e i t i s sustainable and renewable, power supply to ASELCO will never run out aside from pollution will be reduced, avoiding health cost to the residents since the plant will produce non-hazardous o p e r at i o n a l w a s t e a n d significantly contributes to reduce greenhouse gas emissions. Based on their agreement, ASELCO will receive whatever available solar energy GPower will dispatch at any time of the day considering that energy derived from the sun normally comes at its peak from 9 am until 3 pm. The solar energy project is part of the commitment of the Department of Energy to award renewable energy service contracts all over the countr y accounting for about 1,700 megawats potential capacities. Solar power is part of other renewable sources of energ y like biomass, wind and hydro that DOE would intend develop to produce the targeted 20,000 megawatt of energy by 2030. In another development, Peakpower San Francisco, Inc. is bent on building another 5.2 megawatt bunker-fired power generator to be installed at the existing 5-megawat p ower pl ant inside t he ASELCO compound. An application for power purchase and transfer agreement between ASELCO and Peakpower San Francisco for the additional power generating facility was also being heard during the ERC public hearing. Expected to be commissioned this month, the Peakpower San Francisco generator manufactured by Wärtsilä Finland O y (Wärtsilä) will add up a total of 10 megawatt delivery of electricity to ASELCO. Peakpower, a whollyowned subsidiar y of A. B r o w n C o m p a n y, I n c . r e a c h e d a n a g r e e m e nt with ASELCO for the bunker power plant under build-operate and transfer scheme.

fundamentals for growth and development,” said BDA chairman Saffrullah M. Dipatuan during the signing of memorandum of cooperation between the Department of Public Works and Highways (DPWH) and the Mindanao Development Authority at the Grand Regal Hotel Tuesday evening. He said that they are hoping to see more investors from the power and agribusiness sectors doing business in the ARMM area once the enabling law that will be created by the Bangsamoro Transition C ommission (BTC) will be approved in Congress. The enabling law, once passed by Congress, will create a new Bangsamoro entity that will replace the ARMM. Dipatuan said that they wish more developments to take place in agribusiness, which is the major economic driver and provides 60 percent of the livelihood of the people in the region. He said they are planning upgrade the Polloc Port in Parang, Maguindanao into an international seaport that can accommodate international shipping lines, which would trigger development in the Bangsamoro area. Dipatuan said the upgrade will cost them some P5 billion. Presidential Advis er on the Peace Process Jesus Dureza said that they plan to address both peace and development simultaneously to also uplift the lives of the people in conflict areas as they move towards achieving a long-lasting peace. Dureza urged investors to explore opportunities in the less developed areas to provide jobs for the people. “ This should send a strong message to many businessmen. If you invest in affected areas you also get the benefits when the peace comes,” he said. Mindanao Development Authority (MinDA) chair Abul Khayr Dancal Alonto bannered the Mindanao Development Corridors program that is geared towards making the island a competitive player in the Brunei, Darussalam, Indonesia, Malaysia Philippines – East Asean Growth Area (BIMP-EAGA), Association of Southeast Asian Nations (ASEAN), and the larger world economy. “It aims to strengthen connectivity infrastructure, develop our industries such as tourism, agribusiness, manufacturing, and services, and facilitate investment while putting in place the policies and institutional mechanisms that provide an enabling environment for progress,” he said. Alonto, who chairs one of the factions of the Moro National Liberation Front (MNLF), said that he is optimistic that “this is an exciting time for Mindanao” where the country’s president came from.

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“For decades, we have cl amore d for ad e qu ate government attention to be accorded to our island, and finally, our hard work is paying off. We so observe this because every single peso invested in Mindanao is an investment in peace and progress not only for our communities here but for the whole nation as well,” he said. He added that he wants to see people benefit from the gains of the p eace negotiations. The BDA was formed on June 22, 2001 by virtue of the GPH-Moro Islamic Liberation F r o n t ( M I L F ) Tr i p o l i Agreement as the centerpiece of “relief, rehabilitation and development aspect.” Its tasks include, among others, determining, l e a d i ng an d m an a g i ng relief, rehabilitation and development projects in the conflict-affected areas and to implement projects jointly with the Philippine government.

DENR... from page 1

of land in Claveria, Misamis Oriental; and also to a huge track of land owned by Everlyn Ranises of Gingoog City, a component city of Misamis Oriental. Taw an - t aw an issu e d the statement as a result of the dialogue between the IP claimants who staged a protest at the DENR regional office here earlier this week. The IP-members of the Misamis Oriental Farmers Association (MOFA) had demanded the cancellation of the patents issued to a corporation in Claveria town involving some 300 hectares of land in the village of Plaridel. T h e M O FA a l l e g e d that the corporate workers bulldozed the banana plants of the farmers last September and October and private security guards destroyed their makeshift dwellings. In Gingoog City, the farmers also wanted the DENR to take possession of the 19,333-hectare contested between the Ranises’ heirs and 100 farmer-families in the area. MOFA said that private security guards also harassed and uprooted the bananas planted by the farmers in the contested land in Gingoog twice during the past two months. Tawan-tawan said that like the case in Plaridel, Claveria, Misamis Oriental, the patent issued to the heirs of the Ranises’ has expired. She said that neither the farmers nor the corporate owners in Claveria and the heir of the Ranises could claim ownership of the lands because the DENR would now take over the lands. (PNA)

Trump... from page 1

Peter Walllace, President of the Wallace Business Forum, said: “I am worried truthfully for the BPO sector. If he makes good on his promise that he is going to stop the migration of jobs

overseas, this scary.” Finance Secretary Carlos Dominguez III, who chaired the two-day PDF, said it’s still too early to pass judgment on Trump’s presidency since being a candidate and a president are two different things. “Somebody just sent me a text message that markets tanked. I think the stock market people are a little worried about the stock market here, I’m not sure what the effect will be. So we will have to wait and see what are the policies a Trump presidency will implement,” he said. John Forbes, senior adviser to the American Chamber of Commerce Philippines, expressed concern over Trump’s promise to impose a 35 per cent tariff on Chinese goods entering the US. He said “if China retaliates it will have an effect on the growth of Asia and the US.” (PNA)

Federalism... from page 2

Congress adjourned last Februar y without acting on the agreement’s prop o s e d e n abl i ng l aw. Last Monday, President Rodrigo Roa Duterte signed the executive order establishing an expanded BTC that w i l l b e t a s ke d t o d r af t a ne w e n abl i ng l aw for t h e i mp l e m e nt at i o n o f a l l s i g n e d B an g s am oro agreements. The said commission will be composed of 21 members wherein eleven members, including the Chair, will come from the MILF and 10 will b e nominated by t he gove r n me nt . The BTC was first convened in 2014 through Executive Order No. 120 which gives the body the mandate: to draft the proposed Bangsamoro Basic Law with provisions consistent with the 2012

Framework Agreement on t he B ang s amoro; and to recommend to C ongress or t he p e opl e prop o s e d amendments to the 1987 Philippine C onstitution w he ne ve r ne c e ss ar y. In an event last October, MILF Chairman A l - Ja h Mu r a d Ebr a h i m welcomed the idea of making the proposed Bangsamoro government a pi lot c as e study in t he nationwide shift towards a federal system of gove r n me nt . “If one reads carefully through the pages of the CAB, then, one cannot but reach the conclusion that powers between C entral and the Bangsamoro Governments are meaningfully shared and d el e g ate d prop e rly – a f utu re w h i ch is ve r y prominent, it already established federal g o v e r n m e n t s ,” M u r a d s ai d i n a sp e e ch re ad by h is re pre s e nt at ive. “ The implementation of the CAB, par ticularly its p olitical track w hich means the passage of the restored Bangsamoro Basic L aw, must precede the shift from unitar y to federal form of gove r n me nt ,” he a d d e d.

Negosyo... from page 2

facilitation, investment promotion, and SME counseling; and business information and advocacy. The Negosyo Center will have reception, meeting and working areas, as well as training room. Provincial Governor S o r ay a Ad i o n g i s s u e d Executive Order No. 21 creating the Provincial Micro Small and Medium Enterprises Development (MSMED) Council to serve as the coordinating and oversight body for the Go Negosyo Center. (APB/PIA10)

Hurst...

from page 4

relationship with our Maker. Then, we can start living His successful and satisfying way. So today, won’t you ask Jesus to forgive you for living your own way? Then ask Him to start changing your heart and lifestyle. He’s the only One Who can finally fill your life with the pleasure and peace of mind you’ve been looking for. Jesus will give you real satisfaction that lasts, not just for a day or a night, but for the rest of your life. Just Think a Minute…

EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND KNOW ALL MEN BY THESE PRESENTS: This EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE is made and entered into this ___day of______ in the City of Cagayan de Oro, Philippines, by and between: HEIRS OF THE LATE CRESENCIO A. CAINGLES, represented by his legal wife, NORMA CAINGLES, IMELDA P. CAINGLES, NORMANCRES P. CAINGLES, and PHILIP P. CAINGLES, all of legal age, Filipino citizen, with residence and postal address at Zone 1, Bulua, Cagayan de Oro City, hereinafter referred referred to as the HEIRS/SELLERS; and PHILIP P. CAINGLES, of legal age, Filipino citizen, married, with residence and postal address at Zone 1, Bulua Cagayan de Oro City hereinafter referred to as the BUYER/VENDEE; That the above-named parties are all of legal age, are legitimate children and legal Heirs or sole Heirs of the deceased, CRESENCIO A. CAINGLES, who died on MARCH 01, 2012 at Davao City, That the said deceased, at the time of his death, left a Parcel of Land situated in Kauswagan, Cagayan de Oro City and more particularly described as follows: A PARCEL OF LAND (Lot 1337-K-6-Q), Psd-10-013461, being a portion of Lot 13376-K-6, Psd-10-010353) situated in the Barrio of Kauswagan, Cagayan de Oro City, Island of Mindanao, Bounded on the E., along line 5-1 by Lot 1337-K-6-R., on the S. along line 1-2 by Lot 1337-K-6-F., along line 2-3 by Lot 1337-K-6-E., on the W., along line 3-4 by Lot 1337-K-6-P., all of the Subdivision plan Psd-10-013461., on the NE, along line 4-5 by Lot 1337-K-16, Psd-10-010353 (Road Lot 12.00 M. Wide). Containing an area of ONE HUNDRED EIGHTY (180) SQUARE METERS, more or Less, declared in the HEIRS of CRESENCIO A. CAINGLES is the subject of “EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF PARCEL OF LAND”. Under the Notary Public of EMELITO J. MARQUINO, per Doc. No. 238; Page No. 47; Book No. XIII; Series of 2016. BWM: Oct 28, Nov 4 & 11, 2016

BusinessWeek MINDANAO www.businessweekmindanao.com

Chef Malek El Safadi:

Bringing the Flavors of the World to CDO

he newest addition to the Seda Centrio family is an accomplished chef who brings with him world class experiences. Chef Malek El Safadi is well-versed in the culinary world. In fact, he shares his knowledge

and expertise through the many culinary art mentorships he has done (and continues to do).

Apart from his stint as the Corporate Executive Chef for renowned hotels here and abroad, Chef Malek also spent nine years (1989 to 1998) with The King of Saudi Arabia, serving as General Head Chef and Nutrition Consultant for His Royal

Lifestyle

Thu-Fri | November 10-11, 2016

Highness. Passion for Culinary Arts Born on January 24 in Alieh, Beirut, Chef Malek completed his BS in Agriculture Engineering at the University of Santo Tomas in 1985. A year later, he found himself at the Lebanon School of Culinary Arts, where he eventually finished his HRM degree, with a major in Massive Food Caterings. Not one to easily rest on his laurels, Chef Malek went to the Manuel S. Enverga University Foundation in Lucena for his Hotels & Restaurant Management studies. After completing the course in 1997, he continued his quest for knowledge and excellence. From 1997 to 1998, Chef Malek was at The Culinary Institute of America, where he eventually completed his training for Fine Dining. While in training, Chef Malek was also working. He had stints at MGM in Las Vegas and even shared his culinary skills while training at the Taj Mahal in India. Training as an International Corporate Executive Chef, he said, means allowing yourself to be “involved in all the flavors of the world”. Thus, Chef Malek took every opportunity to learn and grow in his chosen field. One of the reasons for Chef Malek’s successful culinary journey is his passion and love for culinary arts. This is evident in his quest for continuous knowledge even when he is already considered one of the best. This determination and willingness to learn and do better is what

helped Chef Malek carve a respectable image in the international culinary field. Training People to Provide Excellent Service Aside from his stints as Corporate Executive Chef and Director of Food & Beverage of world class hotels and resorts, Chef Malek was also consultant and trainer for different hotels in the Makati CBD. Chef Malek believes that providing excellent service does not only mean serving the best dishes. Excellent service means offering the most comfortable rooms, first class amenities, good public relations, and everything else that a hotel or restaurant can offer. This is why the training and consultancy work he does is essential in helping achieve an establishment’s goals. Bringing Interesting International Flavors to CDO Chef Malek comes from a culinary family that owns a chain of restaurants. So his passion for creating unique dishes is understandable. As his training and specialty is whipping up international culinary masterpieces, this is what he brings to Cagayan de Oro as he starts his journey as the newest chef for Seda Centrio’s Misto. Misto is known for its exceptional buffets and culinary specials. It is one of the few hotels in the city that offers fresh treats using the most natural (organic) ingredients. This makes Misto the perfect venue for Chef Malek to flex his culinary muscles. “My specialties are dishes from all the Arab countries, and Italian

cuisine. We’ll be having authentic Shawarma here at Misto. This will be on the new menu.” And yes, there will be pizza; but it will be a different from the usual,” he teases. “I produce everything from scratch. Our pizza does not use ready-made sauce. We also have hamburgers, but I do not use extenders on them. There is no artificial flavor (MSG) in my dishes.” Chef Malek follows a strict procedure when cooking, one that keeps the dishes fresh and tasty. His entrees are always oozing with colors and flavors. A colorful meal is important because, according to the chef, “The eyes always eat first before the mouth.” This is what diners at Misto will experience every time they indulge in a culinary treat at the hotel. Chef Malek and his team will prepare an array of local and international fusion dishes for Seda Centrio’s themed buffets. Some of these treats include the Chicken Salad with three different lettuce types, all organic, and with freshly made dressing; and a unique salmon dish. Each is designed to cater to the varying choices of diners, so you’re sure to have an unforgettable culinary experience at Seda! Experience the colorful, inviting, and mouthwatering culinary masterpieces of Chef Malek, including Arabic, Italian and local with a twist. Visit Misto at Seda Centrio now. For inquiries and reservations, you can call (088) 3238888 or 0917-577 5910. Who knows? If you get there early, you might even meet the good chef !