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Briefly Agri output up AGRICULTURAL production grew by 2.87 percent in the third quarter of 2019, rebounding from a 0.87-percent decline in the same period last year, the country’s statistics agency reported on Wednesday. Philippine Statistics Authority (PSA) Undersecretary Claire Dennis Mapa attributed the growth of the agricultural sector to increases recorded for crops, livestock, poultry and fisheries. PSA data showed that crop production, which accounted for 45.19 percent of the total agricultural output, went up by 2.01 percent during the quarter.
Sorghum DAVAO City – The Mindanao Development Authority (MinDA) has proposed the planting of sorghum in banana farms that have been affected by Fusarium wilt, also known as Panama disease, to provide an alternative income to farmers and allow the land to recover. MinDA Chair Emmanuel F. Piñol put forward the proposal to banana stakeholders last week in a forum held in Tagum City, Davao del Norte. “Planting sorghum does not require you to overhaul the terrain of your fields so it will be easier to grow, and these are guaranteed to grow in your fields with less maintenance,” Mr. Piñol said in a statement after the meeting.
Quakes to slowdown Davao region’s GRDP www.businessweekmindanao.com
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Monday|November 11, 2019
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By ANTONIO L. COLINA IV, MindaNews
AVAO City – The powerful earthquakes that struck parts of Mindanao last month will have an impact on the gross regional domestic product (GRDP) of Region 12 and Region 11 (Davao Region) for 2019, Socioeconomic Planning secretary Ernesto Pernia said on Thursday.
In a press conference, Pernia said he believes that the reduction in the GRDP of these two regions would have a little bearing on the overall economic output of the Philippines for 2019, which posted gross domestic product of 6.2% in the third quarter. According to data released by the Philippine Statistics Au t h o r i t y, t h e D a v a o
Region—which comprises five provinces, six cities, and 43 municipalities— posted 4.44% growth in the third quarter, while Region 12—which consists of four provinces, four cities, and 45 municipalities—recorded a 2.7% growth for the same period. “We still don’t have figures in terms of the impact but QUAKES/PAGE 9
THUMBMARK. A personnel of the Department of Social Welfare and Development stationed in an evacuation center at the Makilala Institute of Science and Technology compound in North Cotabato takes a thumbmark from an elderly woman as proof that aid has been released. mindanews photo by gg bueno
Mindanao quakes toll:
Over 230,000 people affected, 10,000 houses totally destroyed By CARMELITO Q. FRANCISCO, Correspondent
THE RUNNING count of people affected by the series of earthquakes in central Mindanao last month has reached 231,250, more than half of
them in Makilala town in Cotabato, based on the latest update from the national disaster management AFFECTED/PAGE 9
UP Mindanao to propose P12B budget for expansion By CARMELITO Q. FRANCISCO, Correspondent
VOLUNTEERS. Volunteers from Digos City in Davao del Sur came to the Makilala Institute of Technology to provide free porridge for evacuees. Regilyn Alboroto, one of the volunteers, said they did the same during typhoons Pablo and Yolanda. mindanews photo by gg bueno
DAVAO City — The University of the Philippines Mindanao (UP Min) is putting forward several proposals under its five-year development
that would need a funding of about P12 billion. UP Min Chancellor Larry N. BUDGET/PAGE 9
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Local 2 Agusan Norte declared 91 NorMin LGUs receive ‘drug-cleared’ province 'Child-Friendly' award
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MONDAY|NOVEMBER 11, 2019
By ALEXANDER LOPEZ, PNA
By ERCEL MAANDIG, PNA
INETY-one towns and cities in Northern Mindanao region were conferred the Seal of Child-Friendly Local
Governance for 2018 by the regional office of the Department of Social Welfare and Development (DSWD) on Friday. In cooperation with the
Department of the Interior and Local Government (DILG), the award was based on the performance of local government units (LGUs) following a set of standards that require them to become
communities that are safe for children, said DSWDRegion 10 Director MariFlor A. Dollaga-Libang. Libang, who led the awarding here, said that among the 91 nominees, AWARD/PAGE 9
2 shot dead near Marawi's temporary shelters By DIVINA SUSON, PNA
ILIGAN CITY -- Two construction workers died on the spot while one was wounded when they were shot by an unidentified person in Barangay Emmie
Punud, Marawi City at about 7 a.m. on Thursday. The crime scene was near Area 1 in Barangay Sagonsongan, where more than a thousand displaced
families live are taking shelter. Col. Madzgani Mukaram, chief of the Lanao del Sur Provincial Police Office, identified the dead victims as George Ambad Butad and Arturo
Nadayag Macasero, and the wounded as Dave Ranario Morsua, residents of Matampay, Matungao, Lanao del Norte. Mukaram said the victims were working as carpenters in Marawi City. They were on their way to work on board a motorcycle driven by Macasero when their assailant flagged them down and had a brief conversation with them, he said. SHOT/PAGE 11
BUTUAN CITY – The province of Agusan del Norte and its two cities, Butuan and Cabadbaran, were declared “drugcleared” during the 17th meeting of the Barangay Drug Clearing Program (BDCP) of the Regional Oversight Committee (ROC) on Friday. During the deliberations, the BDCPROC found that the remaining 25 barangays and five municipalities in Agusan del Norte that were previously not declared drug-cleared areas have already complied with the provisions of DDB (Dangerous Drug Board) Regulation No. 3, series of 2017. The DDB regulation, issued on February 14, 2017, mandates for the strengthening of the implementation of the barangay drug clearing program.
Seven out of 10 members of BDCPROC, which is chaired by Philippine Drug Enforcement Agency Caraga (PDEA-13) Regional Director Aileen Lovitos, were present during the regular meeting. Five towns in Agusan del Norte--Magallanes, Buenavista, Kitcharao, Nasipit, and Santiag--were also declared drug-cleared by the members of the board. In a phone interview with PNA on Friday afternoon, PDEA-13 information officer Dindo Abellanosa said 33 barangays in Butuan City were also cleared during the meeting on Friday. Abellanosa added that 87 percent of barangays in the whole Caraga Region or 1,141 out of 1,311 barangays are now considered drug-cleared. Four provinces in Caraga have already been declared drug-cleared; the Province of Dinagat Islands, Agusan del Sur, Agusan del Norte, and Surigao del Sur. That leaves the province of Surigao del Norte as the lone area not yet proclaimed drugcleared. (PNA)
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Monday|November 11, 2019
Suzuki inaugurates 77th dealership in Ilocos Norte A DVANCING its commitment to deliver top-quality products and services to more Filipinos, Suzuki Philippines (SPH), the country’s pioneer compact car distributor, expands its reach in the northern part of the country with a new 3S dealership in Ilocos Norte. Suzuki Auto Ilocos Norte is Suzuki’s 77th
dealership nationwide and the 13th dealership under the supervision of Grand Canyon Multi-holdings, Inc., which has recently held a groundbreaking ceremony for the Suzuki Auto Tagum targeted to open by 2020. Besides strengthening its presence in North Luzon, the new Suzuki dealership aims to engage in the local business and culture of our fellow
Ilocanos and contribute to further growing the livelihood industry of Ilocos region by providing convenient and accessible car dealership with variety of vehicles that suit the locales’ commercial and passenger vehicle needs. “Continuing our business momentum this year, we are very pleased to prove to our Filipino market our commitment to bring Suzuki vehicles to
more locations nationwide. We have made it easier and more accessible for more Ilocanos to experience the Suzuki Way of Life through our awardwinning and engineeredfor-excellence Suzuki vehicles. We are excited to see them in the new Suzuki Auto Ilocos Norte,” shared SPH Director and General Manager for Automobile Division SUZUKI/PAGE 9
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Sweat of success Think a minute…Former Prime Minister of England, Winston Churchill, became so famous for his speeches that he’s been called the greatest sp eaker of the c e n t u r y. H e w a s a l s o famous for his quick wit. Yet amazingly, he was not a naturally talented speaker. In fact, earlier in Churchill’s life he had such a bad speech problem that people made fun of the way he talked. Do you know how Churchill changed to become the greatest speaker of the 20th century? He studied and wrote his speeches word-for-word on paper, and then he practiced them countless hours in front of a mirror. He worked at saying each word just the right way with just the right facial expressions. He also practiced pausing and pretending to struggle to find the right word, even though he knew exactly what he was going to say! So although Winston Churchill was not a naturally good sp e aker, he dis ciplined himself and worked hard to become a great one! You and I can never
THINK A MINUTE
JHAN TIAFAU HURST succeed in life without discipline and hard work. It takes sweat to succeed in our job and career, in school, in sports, in our marriage and family. Even if you’re born into a rich family, or with an intelligent mind and strong body, you still have to work hard to reach your full potential and truly succeed. Most imp or tantly, it takes work and discipline to develop the character we were born to have and enjoy. We must discipline and change our wrong attitudes, thinking, and way of living everyday. It’s not natural or easy for us to quickly forgive someone who hurts us or SUCCESS/PAGE 11
MONDAY|NOVEMBER 11, 2019
The bell ringers at PDEX
It was an auspicious day recently at the Philippine D e a l i ng and E xch ange Corporation (PDEX). Bank of the Philippines became the 30th issuer at PDEX this year with its issue of a P3 billion Long Term Negotiable Certificate of Deposit (LTNCD). Antonino A. Nakpil, President and COO of PDEX, said that BPI’s issue broke PDEX’s record last year of 29 listings and brought the issuances in the organized market this year to over P298 billion. Total outstanding issues at the PDEX now stand at P1.27 trillion. Around this time last year, a P25 billion peso issue by BPI helped PDEX breach the P 1 trillion mark for the very first time. LTNCDs are like regular
time deposits that offer higher interest rates but cannot be pre-terminated by holders. However, the notes can be traded in the secondary market prior to maturity, making them “negotiable.” Like regular bank deposits, LTNCDs are insured by the PDIC up to P500,000. Cezar P. Consing, BPI President and CEO, described BPI’s latest appearance at the PDEX podium “as part and parcel of a financing program that began over two years ago.” He credited BPI Treasurer Antonio Paner and BPI CFO Ma. Theresa Javier for putting the program together. It began last year, Consing said, with BPI raising P50 billion pesos via a stock rights offering, followed by two
fairly large issues of US dollar 600 million and P25 billion, respectively. The buildup was followed this year by a 100 million Swiss Franc offering in the retail markets that was unique. It was the first negative yielding offering by a Philippine (even by any South East Asian) borrower. Just five days later came a 400 million US dollar offering in the international capital markets which was likewise unique, it being the lowestpriced issue by a Philippine borrower. Consing said all the above moves are indicative of BPI’s objective of “growing in step with our country. “ “We started by raising equity, lowering the leverage of t he b an k, and t hen
IGNACIO BUNYE adjusting the leverage of the bank further up, by doing this succession of 5 financings in various markets. “Of course, we did all these at a time of low interest rates, but we can not assume that low interest rates will be there forever. “What we are assuming, though, is the country will RINGERS/PAGE 11
Success secrets of 100-year-old family businesses FAMILY BUSINESS COACH
Cell No: 09352379999
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PROF. ENRIQUE SORIANO I am sounding the alarm bell to all visionaries and business owners. The w ar n i ng is d i re c te d to family enterprises that have accumulated significant wealth in the first and second generation. Should you fail to initiate governance, you have a 75% to 80% certainty of throwing away the business you built with your life. Losing a business can mean conflict among siblings/branches resulting to a decimated ownership
and/or a s el lout w here ownership falls into the hands of a few members. E v i d e n t l y, a n y f a m i l y breakdown primarily points to a long standing sibling rivalry ending with a power grab. All these culminating events can strike a death k nel l to t he enter pr is e immediately right after the demise of the leader. The Italians have a fancy term for it, “dale stalle alle stele alle stalle” (from stalls to stars to stalls). On a positive note, I highlighted in the past successful family owning businesses that overcame h ard s h ip, c on f l i c t an d triumphantly extended the founders legacy to more than a 100 years. One company that made a dramatic turnaround is the Eu Yan Sang (EYS) Group. Founded in 1879, EYS is Asia’s leading brand in the healthcare industry, with
a core focus on traditional Chinese medicine (TCM). They market quality Chinese herbs, medicines and supplements. Their story is one for the books as it is accompanied with greed, b etrayal and a riveting story of murder, sellout, repurchase and growth all these happening during its 138 years of existence. Presently under the watchful e y e o f 4 t h g e n e r at i o n members headed by Richard Tiu, EYS has become the gold standard for family governance in Asia. Together with another inspiring family business that has breached a century, I will share both cases in a major event on August 25, entitled “On Becoming a 100-Year- old Family Enterprise” at the Manila Marriott Hotel. To reinforce my talk with real life governance, I have invited a second generation successor, Kevin Tan, the
newly appointed CEO of Alliance Global Inc. (AGI), as my co-resource speaker during the event. He will share his experience as an entr y level employee who rose from the ranks after close to 20 years of constantly proving himself to family members and peers. AGI is one of t he Philippines largest conglomerates founded by Kevin’s visionary father and AGI Chairman, Dr. Andrew Tan. The market cap of AGI with 6 listed companies under its portfolio is anywhere from US$12B to US$14B. Back to EYS, it is a tale of fourth generation resiliency and resolve to regain control of t he business lost to outside investors. As Rachel Cheung of the South China Post remarked, “despite years of family strife, the murder of the founder’s wife SECRETS/PAGE 11
God's creative and redemptive work WE NEED to realize that the entire span of time we have on earth as in the whole material universe is part of the eternity of God. Time is a property of material beings, including ourselves, that God created in his eternity. That is why in the second letter of St. Peter, it is said that: “With the Lord a day is like a thousand years, and a thousand years are like a day.” (3, 8) That is a rough description of the relation between our time and God’s eternity. Our time is like a blink of the eye in the eternity of God. I doubt if we can make a better description on this mysterious reality. And he continued by saying that “the Lord is not slow in keeping his promise, as some understand slowness. He is patient with you, not wanting anyone to perish, but everyone to come to repentance.” (3, 9) T he s e words s i mply show that our time here
on earth is the time in God’s eternity for our creation and redemption by him. In other words, our creation includes our redemption, and our creation and redemption are still a work in progress. The completion of God’s creation and redemption of us is when we truly become what he wants us to be: image and likeness of his, children of his. We need to understand t h at o u r c r e at i o n a n d redemption by God needs our cor resp ondence or cooperation, because being designed by God to be his image and likeness, we are supposed to be at least aware of this truth about ourselves and try our best to conform ourselves to such divine design for us. God does not impose his will and design for us. We are expected to knowingly and willingly correspond to his will and design. T h at i s w hy we are endowed with intelligence and will, and are freely
given his grace, so that we can identify ourselves with him, until we can really say that we are “another Christ,” echoing those words of St. Paul, “it is no longer I who live, but Christ who lives in me.” (Gal 2, 20) That God became man to save us is not an afterthought in the divine mind. That truth of our faith is part of the eternal plan God has for us. God knew from the start how we would fare with the tremendous gifts he has given us — that we would be spoiled by them. And he readied the plan of redemption from all eternity. This God-man, Jesus Christ, is the pattern of our humanity and the redeemer of our damaged humanity. That is why he declared himself to be “the way, the truth and the life” for us. We can only be image and likeness of God through him. Here we can readily s e e w hy C h r ist shou ld
HINTS AND TRACES
ROY CIMAGALA be the constant focus of our attention, and why we need to know him and love him, by following his commandments. “If you love me,” he said, “you will keep my commandments.” (Jn 14, 15) Thus, we need to study his life, his words, his example. We need to learn how to talk to him and to see him everywhere. We need to know how to deal with him as he continues to deal with us. For this, God has sent the Holy Spirit so that the living God can continue to WORK/PAGE 11
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MONDAY|NOVEMBER 11, 2019
Cebu Pacific to purchase 16 Airbus aircraft for $4.8B CEBU AIR, Inc., the listed operator of the Philippines’ largest budget carrier Cebu Pacific, has signed a purchase deal with plane manufacturer Airbus SAS for 16 passenger aircraft worth a total of $4.8 billion. In a disclosure to the stock exchange on Monday, Cebu Air said it signed a purchase agreement with Airbus SAS for the order of 16 A330-900 aircraft currently valued at $4.8 billion. It said the aircraft have up to 460 seats in a singleclass configuration. “The order firms up the wide-body portion of a previously announced Memorandum of Understanding (MoU), which also includes commitments for ten A321XLR and five A320neo single-aisle aircraft,” it added. Cebu Pacific said the aircraft offer a 25% reduction in fuel consumption compared with older generation competing passenger planes, and an extended range capability of up to 8,000 nautical miles or 15,000 kilometers. “The A330neo is integral to our fleet modernization program.
With this purchase, we aim to reduce our fuel emission and build a more sustainable operation. This will also give us the lowest cost per seat, at the same time enabling CEB to increase seat capacity and maximize valuable airport slots in Manila and other Asian megacities,” Cebu Pacific President and Chief Executive Officer Lance Y. Gokongwei was quoted as saying. For his part, Airbus Chief Commercial Officer Christian Scherer said: “Cebu Pacific is a pacesetter and surely one of the most respected and well managed airlines in the low-cost sector. This new order is another important endorsement for the valuebased proposition that the A330neo brings to highly competitive markets. The increased capacity version of the aircraft developed for Cebu Pacific will help achieve even greater efficiencies for high density regional and long range routes.” Mr. Gokongwei said earlier this year that the budget carrier would be investing heavily on the acquisition of new planes as it looks to recover “lost market share” over the past two years. AIRBUS/PAGE 11
AboitizPower bullish on 2020 ABOITIZ Power Corp. (AboitizPower) expects new power plants that will post their first fullyear operations in 2020 to more than make up for the decline in its profit and revenue figures this year, its incoming president said. “I’m bullish about next year. I’m very bullish about next year. For one, we’ve addressed most of the outage issues that we’ve had. Second, all these new capacities will be available
2020,” said Emmanuel V. Rubio, AboitizPower chief operating officer, in a briefing on Wednesday night. Asked about the possibility of a reversal of this year’s slowdown, he said: “For sure.” Mr. Rubio, who will become the company’s president and chief executive officer next year, said its Therma Visayas, Inc. (TVI) went online with its first 150 megawatts (MW) in April
this year, with the other 150 MW going online in August. “So now I have 300 MW available for the fullyear 2020,” he said. He said AboitizPower unit Hedcor, Inc. started operating an additional 28 MW in March this year to make the hydroelectric power plant in Manolo Fortich, Bukidnon operating at its full 68.8MW capacity next year. “La Trinidad hydro, which is also FiT- (feed-
in tariff ) eligible, will be available for the full year. It’s 19 [MW],” he said, referring to another Hedcor project. “And the big thing really is GNPD (GNPower Dinginin Ltd. Co.). That’s a lot. That’s a huge capacity,” he added. The Dinginin plant in Bataan is developing a supercritical coal-fired power plant with two identical units with a net capacity of 668 MW each. BULLISH/PAGE 11
Data demand drives Globe Q3 profit higher GLOBE Telecom, Inc. reported a 17% rise in profits in the third quarter, driven by strong growth in all its data-related products and services. The Ayala-led telecommunications giant posted an attributable net income of P5.63 billion in the July to September period, up 17% from the P4.81 billion it recorded in the same period last year. Year to date, Globe’s
attributable net income was 20% higher at P17.68 billion. Operating revenues jumped 13% to P41.89 billion in the third quarter, bringing the nine-month tally to P123.41 billion, up 11% year on year. Consolidated service revenues increased 14% to P37.73 billion in the July to September period, pushing the nine-month total to P110.6 billion —
13% higher year on year. Globe noted that data now accounts for 70% of service revenues, with 47% from mobile data, 14% from home broadband and 9% from corporate data. For its mobile business, Globe generated P83 billion in revenues in the January to September period, 13% higher than the previous year. Globe said mobile revenues remained the top
contributor accounting for 75% of the total service revenues led by the company’s prepaid brands. Globe’s total mobile subscribers stood at 97.36 million as of end September, up 5% from the previous quarter. Of this, Globe Prepaid and TM subscribers stood at 94.69 million, while Globe Postpaid added 2.67 million. PROFIT/PAGE 11
MONDAY|NOVEMBER 11, 2019
Fiscal policy needed to sustain growth recovery: DOF official
RANKING Department of Finance (DOF) executive said officials of various government agencies need to work closely with legislators for the passage of the proposed 2020 budget to further boost domestic growth. "Fiscal policy will continue to be a pillar for high, sustainable, and inclusive growth," Finance Undersecretary Gil Beltran said in an economic bulletin on Friday. Fiscal policy refers to the
use of taxation and government spending to influence the domestic economy. In the first half of 2019, domestic growth, as measured by gross domestic product (GDP), averaged 5.5 percent, lower than the government's full-year target of between 6 percent and 7 percent, due to the impact of the delay in the approval of this year's national budget, which was only signed into law in mid-April. The government's inability to spend based on programs resulted in the slip of domestic
expansion from 6.3 percent in the last quarter of 2018 to 5.6 percent in the first quarter this year and to 5.5 percent in the second quarter. The government thus implemented a catch-up spending program that relied on, among others, the faster implementation of the various infrastructure projects of both the Department of Transportation and the Department of Public Works and Highways. Last September, government expenditures posted a double-
digit year-on-year growth of 39.01 percent. This helped lift growth to 6.2 percent in the third quarter, which is higher than the previous year’s 6 percent. Citing Philippine Statistics Authority data, Beltran said public construction in the third quarter this year expanded by 11 percent, a recovery from declines in the previous quarters. Private sector construction rose by 19.1 percent from July to September, almost twice the 10.4 percent in the same period
2019 GDP target still achievable after Q3 growth jump: Diokno BANGKO Sentral ng Pilipinas (BSP) Governor Benjamin Diokno believes that achieving the government’s 6 to 7 percent growth target for 2019 is “still doable” after a recovery in the third quarter. The Philippine Statistics Authority (PSA) on Thursday reported a 6.2-percent domestic
output, as measured by gross domestic product (GDP), in the third quarter this year, higher than year-ago’s 6 percent and a turn-around from the deceleration to 5.5 percent in the previous quarter. Average growth in the first three quarters stood at 5.8 percent. In a statement, the central bank chief said
the third-quarter growth “exceeds the consensus forecast which indicates catch-up plan is working.” “The 6-percent full year GDP growth target is a tall order, after a slower-thanexpected first half, but still doable,” he said. “In any event, the Philippines growth performance this year is one of the fastest among relatively large
economies, amidst a slowing global economy.” The consensus forecast for the third quarter is a 6-percent growth. Among the sectors, growth from July to September this year was driven by Services, which posted the highest expansion at 6.9 percent. This was followed by the TARGET/PAGE 11
last year. However, investment remained weak in the last quarter due to global growth worries, he added. Meanwhile, Beltran said tax effort, or the ratio of tax collections to GDP, as of endSeptember already reached 15.7 percent, almost near the 15.8-percent level hit in 1997. "With ample resources to mobilize, agencies should nevertheless continue working with Congress for the timely passage of the 2020 budget," he added. (PNA)
BOI investments double up in 9 months CUMULATIVE investments recorded by the Board of Investments (BOI) reached P764.7 billion as of September 2019, up more than twofold from P372.9 billion in the same period last year. “The sustained high growth of investments is a proof of the business sector’s strong confidence in both the Philippines’ economic fundamentals as further shown by the
acceleration of the third quarter gross domestic product (GDP) growth to 6.2 percent and the reform agenda of President Rodrigo Roa Duterte,” Trade Secretary and BOI Chairman Ramon Lopez said in a statement. Approved investments from domestic sources topped P524.9 billion, a 54.7-percent increase from P339.3 billion in the same DOUBLE/PAGE 11
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MONDAY|NOVEMBER 11, 2019
Shell groundbreaks P6.5M eco-brick hub in Macabalan C By ERCEL MAANDIG
a gaya n de Oro Petroleum company Pilipinas Shell last week groundbrea ks the Php6.5 Million worth EcoBrick hub in the port area in Barangay Macabalan here na me d a s: " Shel l LiveWIRE Ecobrick hub". Led by Pilipinas Shell Foundation,Incorporated (PSFI) Executive Director Sebastian C.Quinones,Jr.,the groundbreaking was graced by Cit y Mayor Osca r S.Moreno with Community and Local Environment and Natural Resources Office (CLENRO) head Engr.Armin Cuenca, representat ives from the Regional Office o f t h e D e p a r t m e nt o f Environment and Natural Resources (DENR) Region-10 and Macabalan barangay chairman Norbel Saa. This is Pilipinas Shell 's Corporate Socia l Responsibility(CSR) through their foundation that aims reducing uncontrollable plastic wastes in the country,
said Quinones. He sa id t hat for t his project,they targeted 6,000 kilos of plastic generation per month that can also generates a n i ncome of Php100,000 per month. According to Macabalan Vi l lage Chief Norbel Saa that they choose the Cagayan de Oro Porters Association(COPA) as the recipient of the said project. COPA compound's houses that owned by the porters on May just this year was gutted by fire. T he E co -Br ic k hub project of PSFI was partnered by Green Antz for the technology and concept. This is Green Antz' 2nd project in the city which other project was located at the vacated city's dumpsite 2 years ago were recipients are the 300 families waste pickers werein plastics will reform into bricks. In his message,Mayor Oscar Moreno reported that the Department of Budget a nd Ma nagement(DBM)
A M e m o r a n d u m o f Ag r e e m e n t wa s s i g n e d by representaive of Green Antz,Pilipinas Shell Foundation Incorporated,Mayor Oscar Moreno for the City Government of Cagayan de Oro and Barangay Captain Norbel Saa for Macabalan Barangay Council. photo by ercel maandig
e a rly t h is ye a r a l re ady rele a s e d Php37 Bi l l ion to convert the dumpsite into an Eco Park.The City Bud ge t O f f ic e adde d a counterpartpart of Php37 M i l l ion for t he sa id 16 hectares Eco Park project. Moreno is overwhelmed w it h t he suppor t of t he private institutions here specially Malls and Depa r t ment stores i n
abiding the "No to Plastic" ordinance they enforced and the Eco-bricks technology of Green Antz has a big factor in reducing plastic waste. Cagayan de Oro Cit y is the locator of Pilipinas Shell's 2nd biggest Depot in the country that is worth Php6 Billion,the reason why they didn't hesitate to put up big community project here as part of their CSR.
Photo shows Pilipinas Shell Foundation Incorporated(PSFI) Executive Director Sebastian C.Quinones,Jr.(2nd from right) lead the ground breaking of Green Antz technology Php6.5 Million "Eco-Brick Hub"Project in Macabalan,Cagayan de Oro City with Cagayan de Oro City Mayor Oscar S.Moreno(center) and beside him is Village Chief Norbel Saa. photo by ercel maandig
The Phh6.5 Million worth Shell LiveWIRE Ecobrick hub was groundbreak recently in Barangay Macabalan. photo by ercel maandig
Shelon Paradise creates mission for beauty and business By ERCEL MAANDIG
Dubbed as: "Gaganda ka na,May kita ka pa" fastest beauty hub in Cagayan de Oro Shelon Paradise now offers unique business system that offers beauty services and at the same time you earned.
How? First Step: Just register for their VIP Gold Card for only Php1,499.00 and you will be given by the company an automatic additional load
By ERCEL MAANDIG
amount of Php901.00 to avail a total of Php2,400.00 services consumable within a year. Meaning,you are only paying Php1,499.00 for a Php2,400.00 worth of beauty services. The VIP card featues: -1 year validity -Transferrable -25 auto less system -Availment of Raffle Promo were you can win a Yamaha MIO Sporty Motorcycle, i Phone 2,Sony Vio laptop,4 doors inverter refrigerator and Trip to Coron Palawan for two persons. Shelon Paradise Unique system includes an O.E.I system with an ondated Entrepreneurial income with 3 ways to earn such as: 1.) Referral income of Php200.00 each VIP card referred. 2.) Loading income of Php200.00 for every reload of VIP card Remember that the card has a total of Php2,400 load wallet converted as cash for a consumable 1 year services,but if you consume it in a period less than a year,you can reload again a total of Php1,499.00 for Php2,400.00 worth of beauty
services. 3.) Fasttrack Bonus of Php4,300.00 upon referring a total of 14 VIP cards on top of your previous income. For more inquiries just visit Shelon Paradise Spa and Skin Care Clinic is located at TianoHayes Street beside Dynasty Court Hotel or call Ariel and Shelon Alaba at 0955-022-5932. Shelon Paradise services invludes: Radio Frequency (
RF ) skin tightening, slimming, toning, and whitening services Up to 2 Inches Loss per session.Offers also: * face slimming * arm slimming and toning * bra line slimming and toning * lower back slimming and toning * stomach area slimming and toning * leg's area slimming and toning
* Menicure and Pedicure and more Benifits of Radio Frequency skin tightening is an aesthetic technique that uses Radio Frequency ( RF ) energy to heat tissues and stimulate subdermal collagen production in order to reduce the appearance of fine lines and loose Skin by manipulating skin cooling during treatment, RF can also be used for heating and reduction of fats.
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MONDAY|NOVEMBER 11, 2019
For NOMINATIONS of ENTRIES ON THE FOLLOWING CATEGORIES, please send photo and company/contestant profile to Mindanao Daily/BusinessWeek Secretariat, Tanleh Bldg, Abellanosa St., Cagayan de Oro City, or email to firstname.lastname@example.org Mega-Entrepreneur Outstanding Women Business Leaders Micro-Entrepreneur Social Entrepreneur Housing Industry leaders Auto Industry Leaders Tourism Industry Leaders Transport Industry Leaders Hotel Industry Leaders Resort Industry Leaders Agro-Industry Leaders Best Environmental CSR ENTRY REQUIREMENTS: 1. Nominees or candidates in various categories shall be nominated by an individual, organization or group or the Local Government Units. 2. Nominations shall be accompanied by the following documents which can be mailed, or emailed to the awards secretariat not later than November 15. - Brief Resume and History of the Nominee (Individual or Firm) - Photos (at least 3); Nomination Form; Documentary evidence such as certificates, awards or citations. SELECTION PROCESS: The Board of Judges shall be composed of known personalities from the Media, Business Community, the Academe, and select government institutions invited by the Awards Secretariat -Entry forms and documents shall be furnished to each of the five judges -Entries shall be published in the BWM & MDN and other newspapers -Results of the Selection Process shall be published in newspapers and other media outlets. Awardees shall be personally informed by the Secretariat thru mail, or email. - RATIONALE OF THE PROJECT The achievements of various Mindanao business leaders and entrepreneurs need to be recognized, not only by government institutions and social awards bodies but from the media as well. BusinessWeek Mindanao as a forerunner of information on the various business leadership and entrepreneurial strides of Mindanaoans deem it as a part of its social responsibility to trumpet such achievements for others to emulate and thus propel a Mindanaoan consciousness in every economic and business stakeholder, whether small or great, the responsibility to help Mindanao achieve sustainable development of its economy. - MISSION & VISION OF THE AWARDS The holding of BWM Awards annually would serve as catalyst for a continued and concerted effort of business leaders and entrepreneurs to seek greater heights and strive for success in the noble mission of propelling Mindanao and its people towards full economic growth and sustainable development.
MONDAY|NOVEMBER 11, 2019
Award... from page 2
four awardees at the regional level made it to the top: Gingoog City, Salay town in the province of Misamis Oriental, Kapatagan town in the province of Lanao Del Norte, and Iligan City. Meanwhile, Villanueva town in Misamis Oriental, Tangub City and Sapang Dalaga in Misamis Occidental, as well as Cagayan de Oro City also received the "Presidential Award for Child-Friendly Municipalities and Cities". The award made the LGUs eligible to compete at the national level later this month, Libang said. (PNA)
Quakes... from page 1
we are concentrating on the humanitarian response to the earthquake,” said Assistant Secretary Carlos Bernardo O. Abad Santos of the National Economic Development Authority. While the earthquakes might affect the regions’ growth in the short term, Pernia added that reconstruction and rehabilitation efforts might increase their GRDP growth rates in the medium term. “In the previous years— past two or three years— whenever we have destructive typhoons, our growth rates during those years, 2017 and 2018, were quite decent, better than we may have this year,” he said. The Regional Disaster Risk Reduction and Management Council (RDRRMC) reported a total of 2,722 families or 13,600 individuals displaced in Davao Region due to the three powerful earthquakes that struck parts of Mindanao in the last two weeks of October. As of Monday, dat a from RDRRMC showed that at least 2,717 families or 13,575 individuals of those displaced come from Bansalan, Matanao, Kiblawan, Padada, and Magsaysay municipalities in Davao del Sur, and 5 families or 25 individuals from Malita and Sta. Maria municipalities in Davao Occidental. Last October 31, a magnitude 6.5 earthquake jolted parts of Mindanao, just two days after a magnitude 6.6 earthquake occurred. Last October 16, a magnitude 6.3 earthquake also shook Mindanao. Epicenter for all quakes was North Cotabato. PSA Undersecretary Claire Dennis S. Mapa said the services sector posted the fastest growth with 6.9% among the major economic sectors. This was followed by industry at 5.6 percent, and agriculture, hunting, forestry, and fishing registering a growth of 3.1%. (Antonio L. Colina IV / MindaNews)
Affected... from page 1
agency. Of the total, 36,183 are staying in 32 evacuation centers. Aside from Makilala, the other affected areas are: Cotabato’s capital Kidapawan City and five other towns;
Malita and Santa Maria in Davao Occidental; and Davao del Sur’s capital Digos City and eight towns. On infrastructure, 26 schools have been totally destroyed while 1,050 are partially damaged. Houses account for the biggest hit with 10,862 totally damaged and 22,287 partial. ASSISTANCE National government assistance has reached over P33.38 million, distributed through the Department of S o c i a l We l f are an d Development, Department of Health, and the Office of Civil Defense. The cost of emergency and relief operations from local government funds have yet to be reported. Meanwhile, local government units nationwide have been sending both financial aid, goods, and manpower to the affected areas. Among t he m is t he Agusan del Sur provincial government, which brought their medical team and delivered various relief packs. Z amboanga City has approved a P5 million fund for assistance, on top of the initial P500,000 worth of goods delivered last Nov. 3 through the Philippine Coast Guard’s MV Bagacay vessel. In Davao City, P4.2 million has been approved for distribution. Surigao del Sur also delivered earlier this week a P300,000 cash donation. Academic institutions, bu s i n e s s g roup s , n on government organizations, and other private groups in Mindanao have also been under t a k ing assist ance operations. The European Chamber of Commerce of the PhilippinesSouthern Mindanao Business Council (ECCP-SMBC) has started soliciting donations of needed supplies from their members nationwide. EC CP- SMB C C hair Antonio S. Peralta said part of the proceeds of the upcoming 2nd ECCP Mindanao Golf Challenge will also be donated to the affected communities through established organizations such as the Philippine Red Cross and Save the Children Foundation.
Budget... from page 1
D i g a l s a i d a m on g t h e proposals is an increase in faculty members and personnel, establishment of a College of Human Kinetics, Mindanao Studies Program Center, a cultural center highlighting Mindanao’s indigenous people, and introduction of programs from other UP campuses. “Part of our plan is really to make sure… our role as a hub of UP programs to address gaps in Mindanao will be strengthened,” Mr. Digal said during this week’s Habi at Kape Forum. The proposals will be presented this week to the national government, he said, and during a gathering of about 300 UP system alumni on Nov. 22-23 in Davao City.
Mr. Digal said the biggest component of the budget would go to human resources, noting that UP-Min only has 96 faculty members or about 2% of the 4,700 total within the UP system. He said they are eyeing an increase to 220 teachers. The planned College of Human Kinetics will be part of the Mindanao Sports D e velopment Prog ram, which will also have nond e g re e sp or t s t r ai n i ng activities in partnership with the Philippine Sports Commission. UP Min has the recently-built 20-hectare sports complex within its 204-hectare campus. The c u ltu r a l c e nt e r, w h i c h will be tied to a botanical garden, is envisioned to be in partnership with the Department of Tourism. “We are offering our site to house the cultural center,” said Mr. Digal. The Mindanao Studies Program Center, meanwhile, will include a museum, research center, and a science and technology park. UP Min aims to partner for this with the Department of Science and Technology and the Department of Trade and Industry. Sebastian L. Angliongto, chair of the UP Mindanao Foundation Inc. composed of UP alumni, said their group is also going to lobby for the proposals before members of Congress. “We also want MinDA (Mindanao Development Authority) to push for these,” said Mr. Angliongto, former chair of the Mindanao Development Council, the forerunner of MinDA.
Suzuki... from page 3
Keiichi Suzuki. Suzuki Auto Ilocos Norte is located at Brgy. 16, San Nicolas. All well-loved Suzuki vehicles, including the recently launched AllNew Carry together with the New Vitara, All-New
Jimny, Suzuki Swift, Dzire, and the All-New Ertiga, will be available at Suzuki Auto Ilocos Norte. “Aside from our firm belief in and reliance on Suzuki and its vehicles, we see a strong potential in Ilocos Norte to contribute to local economic progress not just as a tourist district but also, and more importantly, as a promising business zone,” shared Grand Canyon Chairman Peter Po. With the back-to-back dealership inaugurations and groundbreakings this year, SPH is optimistic about being able to share the Suzuki Way of Life with more Filipinos and taking a more active role in driving growth in the local automotive industry.
Painting... from page 10
techniques on how to apply soil on canvas. They were expected to appreciate how rich nature is. “Sa Bukidnon where I came from, daghang mga bata who are creative but dili sila ka-afford to buy paint. So we introduced soil painting to them,” Salima said. Indeed, Salima is c o n d u c t i n g c h i l d r e n’s workshops every now and then when local government units (LGUs) would request them. Soil painting in Bukidnon was accidentally discovered by Salima’s brother Waway when his still wet canvas was unintentionally splashed with soil. From then on, Waway tinkered with the various soil types found at the foot of Mt. Kitanglad, experimenting to produce various colors. Today, there are 25 shades of colors that Bukidnon soil painting could produce ranging from yellow, red, orange, violet, black, gray, white clay and all the hues in between. The smiling kids who produced their own artworks last week were handed out certificates by Unchuan and Salima Waway themselves.
BusinessWeek MINDANAO CREDIBLE
Monday|November 11, 2019
DOT 10 promotes soil painting, organizes kids workshop
A Department of Tourism (DOT) 10 director Marie Elaine Unchuan is passionate in promoting soil painting as a tourism effort. photo by mark francisco
By MARK FRANCISCO, Lifestyle Editor
TOTAL of 38 children from elementary schools in Cagayan de Oro City participated in a three-day soils painting workshop from November 6 to 8 at Limketkai Event Center.
The children are excited and fascinated in mixing the soils. department of tourism 10 photo
The soils painting workshop was organized and sponsored by the Department of Tourism (DOT) 10 led by director Marie Elaine Unchuan, who has helped multitalented artist Waway Saway through the years in his quest to mark Bukidnon as the world’s soil painting capital. During the workshop, the kids were fascinated that soil could be explored as a medium and tinkering with it could produce various colors. “We taught the kids how to process the raw soil material and mix it with glue and water so it becomes paintable,” Saway’s sister Salima said. Herself an accomplished artist from Lantapan, Bukidnon for the past 18 years, Salima has come out of her brother’s huge shadow and is now carving her own name in international art circles, impressing aficionados
Artist Salima Saway demonstrates on how to properly mix the soils to be used for painting. photo by mark francisco
both here and abroad. When Unchuan and the Saway siblings met and discussed the possibility of holding a soils painting workshop here in Cagayan de Oro City, the plan immediately spun into motion. “Director May is really that passionate in
upholding our own local culture so this workshop has become a reality,” Salima said. (For the record, Salima’s prior soil painting workshop and exhibit occurred ten years ago.) During the workshop, the children were taught PAINTING/PAGE 9
MONDAY|NOVEMBER 11, 2019
Success... from page 4
our family. It’s not natural or easy to always be honest no matter how much we can get away with or how much it costs us. But you can start by asking Jesus Christ to forgive you for living your own way; and then ask Him to take full charge of your heart and character. It’s only with Jesus’ character and power in you that you can start changing to become the best person you can be. Just Think a Minute...
Ringers... from page 4
grow at a pace that probably exceeds most other areas of the world. And growth brings benefits which we have to take advantage of,” Consing explained. “Growth makes the country more leverageable and makes our balance sheet more open to taking on more liabilities.” Hongkong and Shanghai Banking Corp. Ltd. acted as the sole arranger and participating selling agent of the deal, while BPI Capital Corp. acted as the sole selling agent for the LTNCDs. Nakpil, meanwhile, lauded the Securities and Exchange Commission (SEC) for its “d e ve l opm e nt - e n ab l i ng regulatory stance for the fixed income market.” SEC has formally approved additional guidelines for the listing and enrolment of bonds issued under the bank issuance program. In addition, the SEC also approved the trading and settlement guidelines for floating rate bonds, paving the way for the listing/ trading of this type of bonds, adding an alternative funding and investment structure for issuers and investors, respectively. The Bangko Sentral ng Pilipinas (BSP) , for its part, recently lowered the reserve requirement ratio for bankissued bonds from 6 to 3 percent. Consing rang the ceremonial bell, signaling the start of the trading of the LTNCD. Aside from Nakpil, the following were also around to witness the milestone event: PDS Group President Ma. Theresa Ravalo, BPI Treasurer and Global Markets Head Antonio Paner, The Hongkong and Shanghai Banking Corporation Limited (HSBC) President & CEO Graham Fitzgerald, BPI Capital Corporation President Rhoda Huang, BPI Corporate Banking Head Juan Carlos L. Syquia, BPI Head – Asset and Liability, Global Markets Dino Gasmen, BPI Family Bank President Ma. Cristina “Ginbee” Go, HSBC Head of Debt Capital Markets Corrie D. Purisima and this writer, an Independent Director of BPI. PDEX top issuers The Ayala Group – of which BPI is a part - was the pioneer issuer at the PDEX. Ayala Corporation and Ayala Land started the ball rolling eleven years ago with a total issue of P10 billion.
As of November 2019, total issues amount to P1.27 Trillion. The three biggest conglomerate issuers are: 1. SM Group – accounting for 21.72 percent 2. San Miguel Group – with 17.31 percent and 3. Ayala Group – 15.95 percent. The single biggest corporate issuer is Ayala Land with P 109.65 Billion or 8.63 percent. Note: You may wish to share the foregoing via Facebook, Twitter or LinkedIn.
Work... from page 4
be with us, guiding us and sanctifying us. We really have to develop a life of filial piety with God to correspond well to his continuing creative and redemptive work on us in this life. This is something that we have to realize more deeply. It is the most important truth we have to know and live. Everything else in our life is secondary to it and ser ves only as material, means, occasion to achieve that goal.
Secrets... from page 4
by her brothers-in-law and a takeover by a Singapore investment group, TCM maker EYS has survived and flourished as a Hong Kong icon.” Visionaries and business leaders need not necessarily go through rough periods of adversity because most of the problems besetting family owned businesses are predictable. The real challenge is preserving the wealth and maintaining family harmony and all that family members must collective agree on is to initiate family governance and succession immediately. So what are the distinct characteristics of successful 100-year-old family businesses? I enjoin leaders to embrace each virtue: · Shared Vision Mission Values · Commitment on Family and Shareholder Agreements · Investment on People: Family and Non Family Talent · The Right Business/ Family Balance · Compelling Business Model Innovation · Institutionalizing Communication and Transparency Protocols · Ownership Policy on Sibling/Branch Partnership · Next Generation Leadership to the most deserving · Engaging members via the Family Council/ Forum esoriano@wongadvisory. com
Bullish... from page 5
The plant’s first unit was previously scheduled to go online in October 2019. Mr. Rubio said the first unit of the plant is expected to come in “probably earliest is April and the other unit is towards fourth quarter of 2020.” Hi s bu l l i s h out l o ok
comes after AboitizPower on Wednesday reported its net income declined 19% to P13.5 billion for the first nine months of 2019 “due to the higher volume and cost of purchased power, lower spot market revenues, and lower plant availability.” AboitizPower made up 60% of the total income contributions from the strategic business units of holding firm Aboitiz Equity Ventures, Inc. (AEV). “We continued to push our balanced mix strategy because we believe that the long-term energy security of the country can be solved by balancing sustainability, accessibility, and reliability of power. To date, our net attributable capacity is 3,483 MW and we will definitely hit our goal of 4,000 MW of net attributable capacity by next year. This translates to about 23 terawatt-hours (TWh),” Mr. Rubio said. “After 2020, our sights are set for the next 10 years and our goal is to deliver about 40 TWh domestically,” he added. M r. Ru b i o s a i d AboitizPower would continue to pursue its international aspirations, specifically in Vietnam, Indonesia, and Myanmar, with focus on renewable projects in wind, hydro and solar, and also look at gas. “And when we achieve our RE and international goals, we would have built a 50:50 Cle anerg y and Thermal energy mix,” he said. “With these targets in place, we are confident that AboitizPower will sustain its growth momentum and continue to advance business and communities in the next 10 years and beyond.”
Profit... from page 5
For home broadband, revenues surged 19% to P16 billion during the nine-month period, “given the continued subscriber base expansion and rising demand for faster internet connectivity.” Corporate data revenues grew 12% to P9.5 billion, w h i l e f i x e d - l i n e v oi c e revenues dropped 9% to P668 million. Globe said operating expenses, including subsidy, increased by 8% to P52.8 billion in the nine-month period. The telecommunications giant said it spent nearly P32 billion as of the first nine months of the year “to
enhance its networks data capacities and capabilities.” Globe also said it will “continue to reinvest in the network, which is currently on track to reach capital expenditure commitments of $1.2 billion by the end of 2019.” It expects cash capital expenditures to end the year at around $900 million. “We are happy that the sustained topline and profit growths we have achieved over the past three quarters have positioned us well as we head into the fourth quarter. We are likewise excited that, as we gear up for the roll out of our At Home Air Fiber 5G service, we are shaping the future of the nation and solidifying our leadership role in providing fast and reliable internet in the markets we serve,” Globe Telecom President and Chief Executive Officer Ernest L. Cu said in a statement.
Airbus... from page 5
Based on data from the Civil Aeronautics Board, Cebu Pacific and Cebgo had a combined passenger traffic of 13.95 million in 2018, or 51% of the total 27.28 million of all local carriers. In 2017, the two Gokongwei-led carriers had a combined traffic of 13.72 million domestic passengers, or 55% of the market total. In 2016, Cebu Pacific and Cebgo held 57% of the domestic passenger market at 13.46 million.
Double... from page 6
frame in 2018. Those by foreign investors amounted to P239.9 billion, which is more than a sevenfold surge from just P33.6 billion a year ago. Singapore continues to set the pace among all foreign entities with P170 billion in capital for the period. S outh Korea is now second with P34.1 billion, followed by the Netherlands at P9.2 billion, Thailand -P8.6 billion, Japan -P6 billion, and the United States at P2.4 billion. O verall, investments outside the National Capital Region accounted for 98.2 percent of the total of P750.9 billion. Once operational, all projects will generate an employment of 41,862, which is 38.5 percent higher than last year’s figure of 30,218. For the month of
CCE-0046-2019 R.A. 10172 CFN-0010-2019
BWM: November 4 & 11, 2019
from page 6
Industry, 5.6 percent; and the Agriculture, Hunting, Forestry and Fishing, 3.1 percent. The government implemented a catch-up spending program focused on the infrastructure spending of the Department of Public Wo r k s a n d H i g h w a y s (DPWH) and the Department of Transportation (DOTr), to lift expenditures after GDP slowed in the first half of the year due to the delay in the approval of this year’s national budget. This was only signed into law last April 15. Expenditures last
Pilots... from page 12
degree and are proficient in English. Applicants must have an average grade of at least 80% or its equivalent in subjects related to Math, Physics and English, and be in good physical condition. They must hold a passport with minimum validity of two years There is no application fee for the program, and only applicants who pass the online pre-screening will proceed with the next stages of the selection process. Interested applicants may apply for the program t h r o u g h h t t p s : / / w w w. s u r v e y m o n k e y. c o m / r / JWFMS5G . For more information, visit http://www.flyfta.com/ pilot-training/cebu-pacificcadet-program
Shot... from page 2
"Suddenly the suspect, without apparent reason, shot the victims several times that caused the death of Butad and Macasero, who sustained multiple gunshot wounds," Mukaram said. Thekillerthenfledonamotorcycle, heading towards the direction of Saguiaran, Lanao del Sur. Morsuawasbroughttothenearest hospital for treatment. The police is investigating the motive of the crime. Meanwhile,Dr.HabibMacaayong, president of the Mindanao State University (MSU) System, said that since 2014, Butad was no longer employed by the school. "The act of violence has nothing to do with MSU and its constituents. It is absolutely absurd and unwarranted to connect it with the university in any way. We are saddened by the ruthless shooting of the victims and repeat our condemnation of violence in any form, whoever the victims are," Macaayong said. (PNA)
October 24, 2019
In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A. 10172), Notice is hereby served to the public that GAUDIOSO C. CARTILLA has filed with this Office, a petition for change of first name from “DIOSA” to “GAUDIOSO” and correction of entry in sex from “FEMALE” to “MALE” or correction of entry in the date of birth from “ “ to “ “ in the certificate of live birth of DIOSA C. CARTELIA at Initao, Misamis Oriental and whose parents are ANTONIO A. CARTELIA and PACIENCIA M. CARLET. Any person adversely affected by said petition may file his written opposition with this Office not later than November 18, 2019.
September posted a doubledigit growth of 39.1 percent year-on-year to P415.1 billion. The end-September figure of P2.626 trillion was 2.14 percent short of the P2.684 trillion programmed for the nine-month period. GDP growth in the first quarter this year slipped to 5.6 percent from quarter-ago’s 6.3 percent. It further slowed to 5.5 percent in the second quarter, bringing the first half output to 5.5 percent.
Publication Notice Republic of the Philippines Province of Misamis Oriental Municipality of Initao -oOoNOTICE TO THE PUBLIC
September alone, P155.7 billion worth of projects were approved, a 50.3-percent jump from P103.6 billion in September 2018. “We are particularly pleased to highlight that the share of foreign investments in BOI projects have increased from just 8 percent during January to September 2018, to already 31.4 percent this year,” Lopez added. “Investments from the information and communications technology (ICT) and power sectors accounted for 85 percent of the total figure or P652.9 billion. This massive infrastructure buildup for more power and connectivity across the archipelago is critical towards addressing binding constraints to the Philippines’ competitiveness. T h e d e v e l opm e nt a l s o complements the consistent growth of the manufacturing sector with P63.5 billion in approvals or a massive 190 percent growth from just P21.9 billion last year,” Trade Undersecretary and BOI Managing Head Ceferino Rodolfo said. Among t he reg ions, CALABARZON (Region IVA) is still on top with P354 billion in investment approvals. Region III – Central Luzon is runner-up with P42.4 billion. National Capital Region placed third (P13.8 billion), or just 1.8 percent of the total investments. Region VII – Central Visayas (P10.1 billion) and Region II – Cagayan Valley (P10.05 billion) are also among the top regional performers. (PR)
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BusinessWeek MINDANAO CREDIBLE
Monday|November 11, 2019
From classroom to cockpit: Cebu Pacific welcomes second batch of Cadet Pilots
SECOND batch of Cadet Pilots from Cebu Pacific successfully completed 56 weeks of rigorous and complex training at the prestigious Flight Training Adelaide (FTA) in Australia and are set to join the pilot corps of the Philippinesâ€™ leading carrier. The second batch of 12 Cadet Pilots returned to Manila and will complete ground school and other requirements before becoming fullfledged commercial pilots. They are: Neil Mark Enriquez, David Jonathan Francisco, Norman Viktor Tugot, Jr., Orville Anana, Maria Angelica Ignes, Jerson Leonardo, Michelle Jean Saquing, Christian Andrew Esguerra, Kert
Search for next batch of Cebu Pacific Cadet Pilots opens
Rafols, Terence Cruz, Tristan Gacott, and Ferdyn Ranosa Among those who completed the FTA flight training program is Boljoon, Cebu resident Orville Anana, a certified civil engineer and master plumber who graduated from the Cebu Institute of Technology. Another newly-pinned cadet pilot is Karl Nino Dionson, a native of Pagadian, Zamboanga del Sur who earned a degree in electronics and communication engineering from the University of San Carlos. The Cebu Pacific Cadet Pilot Program aims to enable aspiring Filipinos who wish to become commercial pilots. It is a "study now, pay later, zero-interest"
The second batch of Cebu Pacific cadet pilots (L to R): Neil Mark Enriquez, David Jonathan Francisco, Norman Viktor Tugot, Jr., Orville Anana, Maria Angelica Ignes, Jerson Leonardo, Michelle Jean Saquing, Christian Andrew Esguerra, Kert Rafols, Terence Cruz, Tristan Gacott, Ferdyn Ranosa
training program wherein Cebu Pacific shoulders the entire cost of the pilot training and guarantees employment to cadet pilots who successfully complete the training.
To date, there are five batches comprised of 71 Cebu Pacific Cadet Pilots currently at FTA in Adelaide, Australia, one of the best aviation training facilities in the
world. Coinciding with the homecoming of the cadet pilots is the search for a new batch of Cebu Pacific Cadet Pilots. Application period for Batch 9 of the
Cebu Pacific Cadet Pilot program will run from November 4 to 13, 2019. The program is open to Filipino citizens who hold a college or university PILOTS/PAGE 11
BusinessWeek Mindanao (November 11, 2019)