BusinessWeek Mindanao (November 21, 2016)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 075

Market Indicators

As of 6:11 pm November 18, 2016 (friday)

FOREX

PHISIX

US$1 = P49.773

7,067.73

X Briefly

35.4

17.61

cents

points

X

Tourism slogan DAVAO City -- The creation of the new 2017 slogan for the Department of Tourism (DOT) costs about P650 million, DOT Secretary Wanda Teo disclosed Saturday.

Teo said that the new slogan would be handled by global advertising agency, McCann Erickson, which won the bid to develop the slogan during the previous administration under then DOT Secretary Ramon Jimenez Jr. “McCann is the one handling (the slogan). P650million submitted by the previous administration,” Teo told reporters in a press conference in Davao City.

The P650 million was leftover budget from the previous administration which was supposed to be for promotions but Teo later came up with the decision to use it to change the slogan.

Agri, rural devt THE International Fund for Agricultural Development (IFAD) committed USD 80 million for agricultural and rural transformation in the country.

This was disclosed during the 2016 knowledge and learning market – policy engagement (KLM-PE) held at the BSWM Convention Hall, Quezon City on 17-18 November 2016.

The Departments of Agrarian Reform (DAR) and Agriculture (DA) led by IFAD ce le brates th e th ir d y e a r of the International Year of Family Farming (IYFF) in the Philippines through a Knowledge and Learning Market—Policy Engagement (KLM-PE) to continuously promote smallholder and family farming to ensure food security and transform rural communities.

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Monday | November 21, 2016

T

By MYRNA M. VELASCO, Contributor

HE Philippine Electricity Market Corporation (PEMC) preps for the setting up of the permanent Wholesale Electricity Spot Market (WESM) in Mindanao grid by June next year.

That has been based on the directive set out by Energy Secretary Alfonso G. Cusi, with him noting that a spot market in the southernmost

grid is now warranted to help in the re-channeling and sale of capacities not underwritten by bilateral contracts. operator/PAGE 11

Largest BPO to attract career opportunities in N. Mindanao

By JIGGER J. JERUSALEM, PNA

LIFE IS BETTER. A Tukanalipao resident brings his harvested bananas to the market using the completed Tukanalipao bridge in Mamasapano, Maguindanao province.

The bridge has made it easier and cheaper for the residents to bring their goods to the market. Tukanalipao is where the deadly encounter between members of the Moro Islamic Liberation Front and Philippine National Police Special Action Force took place one year ago. MindaNews photo by Toto Lozano

THE opening of one of the largest business process outsourcing (BPO) companies here would invite hundreds of job seekers in Northern Mindanao, a BPO executive said Friday.

Tr a v i s Coates, Teleperformance Philippines managing director, said that “our arrival to [Cagayan de Oro] signifies our strong commitment to the Philippine attract/PAGE 11

Solon scores poverty in mining areas

By PAT SAMONTE, Caraga Bureau Chief

BUTUAN City – While describing the Philippines as “blessed with natural resources”, Agusan del Norte First District Rep. Lawrence Lemuel Fortun lamented the

fact that “the distribution of environmental assets remains inequitable and unjust, especially to the poor”.

In a speech before budding scientists and school mentors

during the Regional Science Fair at the Butuan Central Elementary School Covered Court on November 16, 2016, Fortun scored the “disparities in income and quality of life of our fellow Filipinos poverty/PAGE 11

Poor farmers get P4M farm equipment

By CHRIS V. PANGANIBAN, Contributing Editor

PROSPERIDAD, Agusan del Sur--- Farm implements worth P4.1 million were recently given to groups of impoverish farmers in

the 12 remote villages of the province to boost their agricultural production.

An official from the Provincial Agriculture Office

said the equipment are part of primary support to the Upland Sustainable Agro-industrial Development (USAD), a pet program of Gov. Adolph Edward Plaza in developing farmers/PAGE 11

CHILDREN NOURISHMENT DRIVE: Employees of energyfirm STEAG State Power Inc. (SPI) took time out from work to volunteer in a school-based feeding activity at the San Martin Elementary School in Villanueva, Misamis Oriental. SPI has an on-going 120-day feeding program aimed at eliminating incidence of child-wasting in the area. About 115 children are benefitting from the project which is part of SPI’s comprehensive Corporate Social Responsibility (CSR) program.

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Economy MOA for BuB project under study

P

ARTNERSHIP on food processing is in the of f ing for Cagayan de Oro. The 18th City Council he a d e d by Vi c e Mayor R aineir Jo aquin V. Uy, through the committee on finance, budget and appropriations under Councilor Edna M. Dahino is studying the proposed Memorandum of Agreement ( MOA ) to b e exe c ute d by and between the city government of Cagayan d e O ro an d Mi n d an a o University of Science and Technology (MUST).

This is relative to the implementation of programs for the development ofFood Processors of Cagayan de Oro. The project is under

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t h e 2 0 1 6 B ott oms - Up Budgeting Project, which includes activities such as Food Processing, Food Safety and Food Packaging.

The committee convened t h i s w e e k a n d i nv i t e d representatives of MUST, City Legal Office and City Social Welfare Department (CSWD), along with the City Treasurer, City Accountant and Budget Officer to discuss the matter.

Under the MOA, the city government shall provide M U ST w it h t he l ist of beneficiaries availing the training for food processing, food safety and food packaging and coordinate with them in finalizing the training schedule.

It s h a l l, l i ke w i s e,

clos ely co ordinate and facilitate the participation and cooperation of the beneficiaries, provide the consumables and

ingredients to be used, p r o v i d e t r a i n e r s’ a n d speakers’ honorarium and the certification for the facilitators conducting the

training.

Aside from this, MUST shall provide competent t r ai n e rs to h an d l e t h e trainings and submit the

list of recipes for products to be processed as a basis and guide to attain quality training for the beneficiaries. (JAO/SP)

IN a bid to encourage the habit of saving among the youth, the Bangko Sentral ng Pilipinas (BSP) Cagayan de Oro Branch in partnership with the Orobankers Club, Inc. is holding an InterSchool Video Essay Contest.

The contest is open to all amateur student film makers within Misamis Oriental.

Entries must reflect the theme “Saving: Molding the Habit (A Student’s Perspective)” and must be original, unpublished

online or offline, and has not been submitted in any other contest.

The entries must be in English or Tagalog and may be presented in the form of dramatization, animation, coordinated stills, or documentary and must include the logo of the BSP and the Orobankers Club, Inc. The file format of the entries must only be in MPEG, MP4 or AVI and must not exceed a running time

of three minutes, including opening and closing credits.

Participants must submit their entries, thru CD properly labeled with the participants’ name and contact details, at BSP Cagayan de Oro Branch together with a brief storyline.

The deadline for the submission of entries is on December 6, 2016 at 3:00 p.m.

The judging of entries will be done on December 7, 2016 based on the following

criteria: relevance to the theme (50%), creativity (30%), and video quality (20%).

Interested students can download the registration form at www.facebook.com/ bsporobankersvideoessay.

For more information, contact Dexter Erick Demafeliz or Zendy Pascual of BSP-Cagayan de Oro at (088) 857-4179 to 81, local 207 or email them at ddemafeliz@bsp.gov.ph.

(APB/PIA-10)

BSP holds inter-school video essay tilt

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CEB—the only carrier flying from Cebu to Calbayog, Ormoc and Roxas

T

he P h i l i p p i n e s’ leading airline, Cebu Pacific (PSE: CEB), further reinforces its position in the Visayas region with the launch of three more routes.

Starting November 19, CEB will officially be the only carrier flying daily between Cebu and Ormoc and Cebu and Roxas; and four times weekly (Tuesday, Thursday, Saturday and Sunday) between Cebu and Calbayog using the ATR 72-500 aircraft.

With these new destinations, CEB is now up by three with a total of 36 domestic cities being served. With this further expansion, more and more travelers now have easier access to the already wide (and continually-growing) network of Cebu Pacific.

The lowest all-in yearround fare, one-way for Cebu to Calbayog is Php1983, Cebu to Ormoc is Php 1647 and Cebu to Roxas is Php 2039.

“CEB remains committed in offering the most convenient choices for passengers at the lowest fares possible. With these additional routes in and out of the Queen City of the South, more guests can now easily explore the Visayas region.

At the same time, locals can now connect not only to Cebu and Manila, but to international destinations as well. Rest assured, we will continue to persist in expanding our horizons and promote trade and tourism in the destinations we operate in,” says Alexander Lao, Cebgo President and CEO. Moreover, the addition of these new routes will foster stronger cargo services within Calbayog and Ormoc, and soon will expand in the whole of Visayas region.

Based on the current data released by the Civil Aeronautics Board, Cebu Pacific Air group is currently the largest domestic cargo carrier, representing 50% of the market. Nearly 165 million kilos of cargo were delivered to domestic and international destinations in 2015. We service more than 2,000 accounts, tailorfitting products to our clients’ domestic and international cargo needs. This includes e x pre s s c argo s e r v i c e , seamless transshipment, and 30 interline partnerships for worldwide reach.

In 2015, over 4.4 million passengers were flown to and from Cebu. Cebu routes cover about 24.5% of CEB’s seat capacity for 2015. With

the addition of these new routes, CEB now has a total of 25 domestic routes in Cebu,

which caters to the everincreasing travel demand.

Aside from Cebu, CEB

also operates flights out of five other strategically placed hubs in the Philippines:

Man i l a , D av a o, C l ar k , Kalibo, and Iloilo. The ceb/PAGE 11

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Opinion

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The Dying Petrodollar Bubble: Brace for the Fall A Primer on Global Currency and Energy Geopolitics

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What’s the hardest part of living with me?

Think a minute…Have you ever tried to get 2 fighting kids to admit their share of the blame? A 40-yearold man told his friends: “I’ve learned that when you ask your wife ‘What’s w r o n g ? ’ A n d s h e s ay s ‘Nothing.’ Man, watch out!

Because her ‘nothing’ means you’re getting blamed for SOMETHING!” Someone said, “Marriage is like a loaf of bread: no matter how thin you slice it, there are always 2 sides.” Because there’s his story and version of the problem, and then there’s her side of it.

A husband and wife were meeting with a marriage counselor. The counselor told them both to ask each other this question: “What’s the hardest part of living with me?” Then, without interrupting or defending themselves, the husband and wife had to listen to each other tell them what was difficult about living with them. So they were both responsible to take their share of the blame for their marriage problems.

The husband had to admit that he’d been selfish and immature when he went to the bar or pub after work instead of coming home to be with his wife and kids.

THINK

A Minute

Jhan Tiafau Hurst And the wife had to admit she was always nagging and ruining the mood in their home so that her husband and kids didn’t enjoy being around her.

You see, it’s only when we admit our share of the blame for our marriage problems that we can begin to do change and improve it.

Then we will stop trying to change our wife or husband, and start working on the only person we can change: ourselves. That’s when our wife or husband might start wanting to change also.

But it’s not easy for us to see our own faults and weaknesses, let alone be strong enough to admit we have them. But until we take the responsibility for the problems and unhappiness hurst/PAGE 9

(PART 2) 1973: The Yom Kippur War & the Oil Embargo From the early 1900s and thereafter, and further bolstered by the development of oil-dependent land, sea and air transport, oil as an important energy source has practically become a vital commodity demanded in increasingly great quantities by many countries of the world. He who has the oil, has economic power and leverage.

After Nixon ended the Bretton Woods currency accord and the US dollar value devaluated, since oil was priced in dollars, the real income of oil-producing countries also decreased.

This lent to the “Oil Shock,” to which the Organization of Petroleum Exporting C ountries (OPEC) was slow to respond in terms of price readjustments. Hence

by September 1971, OPEC decided to revise the pricing of oil to a fixed amount of gold.

The Yom Kippur War occurred in October 1973, a war that started when Egypt and Syria, with the support of other Arab nations, attacked Israel and occupied the Sinai Peninsula and Golan Heights.

Threatened by the move of the former Soviet Union in sending arms to Egypt and Syria, US President Richard Nixon responded by launching Operation Nickel

Grass, supplying arms and weapons to Israel. The war ended with Israel’s victory.

In retaliation to American aid to Israel, OPEC implemented a 70% rise in oil price to $5.11 a barrel.

All OPEC ministers agreed to this embargo to negatively influence the support of the West to Israel, consistently cutting oil production in 5% monthly increments, until their political and economic objectives were addressed. Oil became a powerful economic weapon.

The effects of the OPEC oil embargo to the US were immediate, and the price of US oil quadrupled by 1974 to nearly US$12 per barrel.

It was also coincidentally unfortunate that in the 1970s, oil production in the US started to decline.

By November 27, 1973, Nixon signed the Emergency Petroleum Allocation Act which authorized the price, production, allocation and marketing controls of oil.

Long queues of motorists lining up at gas stations became a more and more common sight. Coinciding with the 1973 stock market crash, the oil embargo definitely had a lasting negative effect in further aggravating the condition of the US economy.

1974: The Birth of the Petrodollar To obviate the evident emergency and the potentially adverse reaction to the US

economy, the Washington elites drastically needed a plan. The lost artificial global demand for the dollar in the wake of the collapse of the Bretton Woods accord had to be replaced with some other viable mechanism.

In July 1974, ne wly appointed US Secretary of Treasury William Simon (a former bond trader executive of the Wall Street investment bank Salomon Brothers), Secretary of State Henry Kissinger and his deputy Gerry Parsky, were sent by the US government to strike a deal with the Kingdom of Saudi Arabia. The mission: to neutralize the use of oil as an economic weapon, and to propose an avenue for investing the kingdom’s petrodollar wealth into financing the US economy.

And Nixon made it clear – failure was out of the question.

Not only will failure result to jeopardy in American finance, it might also further advance the Soviet Union’s interests within the Arab world in the light of the Cold War. In a series of meetings, the US and the Saudi royal family (the House of Saud) did arrive at a mutually influential agreement – and it came with a strikingly simple framework. The US would offer military support to the kingdom, protect Saudi Arabian oil fields within a volatile region reeling from Arab-Israeli conflict, and buy

dr. adonis agcopra its oil. In exchange, Saudi would exclusively price its oil exports in US dollars, use its influence as OPEC’s top oil producer for other OPEC countries to do the same, and plough back billions of its surplus petrodollar revenues into US government treasury bonds. From “dollars for gold,” it paved the way to “dollars for oil.”

By 1975, all of the OPEC nations have agreed to this scheme, eventually getting the same promise from the US government. Such a scheme did successfully create a new artificial demand for the US dollar currency worldwide.

T h i s wou l d u lt i m at e ly refinance America’s spending and would be a shot in the arm to restimulate an already ailing US economy that was in danger of slipping into lethargy. As long as there is a worldwide demand for oil, and as long as OPEC countries continue to sell their oil only in US dollars, agcopra/PAGE 9

Exhuming Marcos remains is sedition LIFE’S INSPIRATIONS: “…

Evildoers foster rebellion against God; the messenger of death will be sent against them…” (Proverbs 17:11, the Holy Bible).

-ooo MANY WILL NO LONGER OBEY ANTIMARCOS FORCES: So, Liberal Party (LP) senators will work to exhume the remains of former President Marcos that have been buried, in a swift and cryptic interment rites, at the Libingan ng mga Bayani on Friday, November 18, 2016? Well, let them do it, but there is a big surprise coming to them.

Unlike in 1986, where many Filipinos chose to remain in the sidelines, I am sure that today, in 2016 and in the years to come until 2022 under the Duterte government, people will come out to contest their seditious machinations, not only because they are rabid supporters of President Duterte but more because they could no longer stomach the lies being foisted upon them by the LP and the Aquino family and their cohorts.

The truth is that, all these noise coming from the LP, including the statement against the burial issued by LP Vice President Leni Robredo, constitute unbridled contempt of the Supreme Court, which

had already ruled in favor of laying Marcos to rest at the Libingan, and an outright rebellion or sedition against President Duterte, who gave his permission for such burial much earlier.

-ooo EXHUMING MARCOS’ REMAINS AN ACT OF SEDITION: The fact is, the highest official of the land has spoken. Then, the highest court of the land has already ruled on the issue. As lawmakers of the Republic, the Liberal Party senators who wanted to dig up the remains of Marcos took an oath to defend the Constitution and the laws of our country, and to obey the orders of dulyconstituted authorities.

That is a duty they imposed upon themselves, before they even embarked on their lives as lawmakers. What they are doing now, however, coupled with their efforts to agitate our people against the Supreme Court and against the President and the whole Duterte government, clearly constitute a violation not only of their oath, but even of the Constitution and of our penal laws as well.

In fact, under Articles 134 and 139 of the Revised Penal Code, all of these acts and maneuvers of the LP senators could constitute either rebellion or sedition. For one,

they have risen publicly and tumultuously with their rallies and protest actions. Then, their objective is clearly to prevent the execution of a law or a Supreme Court decision, particularly that which established the Libingan ng mga Bayani, and who should be buried therein.

-ooo IF LP SUCCEEDS AGAINST MARCOS, RP WILL SLIDE TO THE DOG ALL THE MORE: Clearly, in their maneuvers against Marcos, the LP senators and their cohorts are trying to prevent the government from freely exercising its functions, or the execution of any administrative order, and are inflicting hate, or revenge upon a government official, in this case, upon Duterte and the Supreme Court justices who voted in favor of burying Marcos at the Libingan.

They also clearly are acting to achieve a political gain against Marcos and his family, in an attempt to vilify them further, as if their vilification efforts in the last 30 years had not been enough. Finally, the LP senators’ moves also have the effect of despoiling, “for any political or social end, any person, municipality or province, or the National Government of all its property or any party thereof…”

Where are all of these

K akampi

Mo A ng Batas

Atty. Batas Mauricio leading to? It wouldn’t be too hard to see. If the LP succeeds in their plans against Marcos, that would revive the seeds of rebellion that were implanted on the Filipinos’ collective consciousness in 1986, pushing our people all the more towards lawlessness, and defiance of lawful orders and authorities. This country, really, will continue its slide to the dogs.

-ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 HOURS a day, in the Philippines and the world at www.facebook. com/angtangingdaan or www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@ yahoo.com.

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Amid permitting issues at LGU level

Globe: PH user per cellsite density highest in Asia A MID continuing p e r m i tt i ng challenges relating to the establishment of new facilities, telecommunication providers in the Philippines serve more customers per site compared to other op er ators Asi a, G l ob e Telecom said.

Ac c ord i ng to G l ob e Chief Information & Technolog y Officer Gil Genio, user-per-site density in the Philippines is about 2,244, based on estimates of 21,000 total cell sites against internet users of around 47.1 million.

I n Vi e t n a m , w h i c h is similar in size to the Philippines, has a much lower user-per-site density of only 860, based on total number of cell sites of 55,000 against internet users of 47.3 million, which is also almost equal to the Philippines’ total internet users of 47.1 million. Malaysia, with total cell sites of 22,000 against internet users of 20.6 million has a user-per-site density of 937. Japan with 220,000

cell sites against internet users of 115 million has a user-per-site density of 522 while China with 1.18 million cell sites against internet users totaling 688 million, has a user-per-site density of 566.

Currently, Globe Telecom has a cell site backlog of around 3,000 sites owing to difficulties in securing permits from various local government units, homeowners associations an d ot h e r gove r n m e nt agencies, that cause considerable delay in the construction of such f a c i l i t i e s , s a i d G e n i o.

According to him, at least 25 permits are needed to put up one cell sites and the permitting process takes at least 8 months to complete barring major concerns from various agencies. He stressed that construction of additional sites is critical in improving internet services in the country, pointing out that this will provide more bandwidth for local internet users.

Wh i l e s om e s p e c i a l

Aboitiz subsidiary inks PHP4.1-B loan HEDCOR Sibulan, a subsidiary of Aboitiz Power, sig ne d a notes faci lit y agreement with local banks amounting to PHP4.1 billion.

Aboitiz Power disclosed at the local bourse Friday that the funding will be used to finance the partial redemption of its redeemable preferred shares and other general corporate expenses.

The company tapped First Metro Investment Corp. as the issue manager and b o okr unner, while Metropolitan Bank and Trust

Company served as facility and paying agent.

The subsidiary serves as the project company of the 16.3-megawatt (MW) Sibulan hydro A plant, 26.2MW Sibulan hydro B plant, and the 6.7-MW Tudaya 1 plant.

The three op erating power plants are located in Sta. Cruz, Davao del Sur. Hedcor Sibulan Inc. is a wholly-owned subsidiary of Aboitiz Renewables Inc., which is a subsidiary of Aboitiz Power Corp. (PNA)

An ideal education system

By Dr. LEONOR D. CAGALAWAN Jr. Principal I Rosario National High School

EDUCATION is one of the most important things for a society to prosper and be safe. Education forms the character and intelligence of individuals. But how should governments proceed to educate their country’s children in an optimum way?

There are remarkable differences in the content and the way things are taught in schools around the world and even in the socalled developed countries.

But one sure thing is that no country possesses a perfect education system.

There isn’t one right system as what one has, the other lacks. The Japanese stresses the importance of

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harmony over intelligence for itself. That is why it is extremely rare for a pupil/student to fail a year while it happens in almost every class (often several people per class) in Europe.

The Western mentality insists that anybody who doesn’t reach the expected knowledge or reasoning skill level should be punished and fail. The advantage is that students fear losing a year of their life plus consequences to find a job later and try harder to assimilate the knowledge and theoretically obey better the teacher for fear of failing because of misbehavior (a serious weapon teacher has on students).

interest groups have proposed for the adoption of open access model in t he Phi lippines, G enio emphasized that such policy is good only for mature economies with good infrastructure investments.

The open access model a l l ow s t he shar ing t he physic a l inf rast r uc ture across multiple operators which can contribute significantly to improving cost effectiveness.

In the country, however, s u c h m o d e l s h ou l d b e applied only in industries where players contribute infrastructure investment on a reciprocal basis. “The pro bl e m i s c onge s t i on because of disproportionate number of cell sites versus traffic. Tower sharing will not alleviate congestion as current sites are in same locations. Tower co-location will not solve anything if we maintain same number of cell sites; rather, we need to build more sites,” Genio emphasized.

To improve cell site per user density in the Philippines, the government needs to prioritize infrastructure builds for the telco industr y. The government, particularly at the local level, should simplify the acquisition process for cell sites and r at i o n a l i z e p e r m i t t i n g

process including tower fees, he said. He also said spectrum management and monitoring by the National Te l e c o m m u n i c a t i o n s Commission is also i m p o r t a n t . “S p e c t r u m allocation is a function of site density in order to serve customers effectively.

Spectrum must not be left in the hands of private companies that do not use it to benefit consumers,” he said.

Genio said Globe also supp or ts an up date on the country’s ICT strategy and plan including the development of a national broadband plan to improve deliver y of government services; promote process e f f i c i e n c i e s for pu b l i c service and provide WiFi services in public areas and internet connectivity in public schools. The company also supports calls for an amendment on existing laws as the Telecom Policy Act of 1935 and Republic Act 7925 or the Public Telecommunications Act of 1995 to ref le c t 21st century requirements and enable rationalization of the management, allocation or assignment of radio frequency spectrum in a manner that is transparent, f ai r, and e c onom i c a l ly efficient and effective, he added.

Integration of Technology in the Classroom

By Cristita T. Renoballes Liloan Elementary School Lumbo, Valencia City

Teachers today are required to adapt to using computers to take attendance and record student grades.

Technology has changed the way students are educated in modern times. There is a wealth of information av a i l a b l e f o r s t u d e nt learning on the Internet.

Today teachers use technology to help students learn critical thinking skills, s olve problems and create know ledge b enef icial to students living in today’s society.

Children can learn to use good judgment in making informed decisions about issues presented to them in classroom discussions t h rou g h s m a r t b o a rd presentations, videos and other visual aids. Teachers have more time to work with students individually or in smaller groups.

Many teachers today are encouraged to adapt new teaching methods t hat integ rate t he ar t and science of learning.

Modern teachers understand that educators today should develop a committed relationship

b e t w e e n a n e du c at e d professional interested in the development of motivated students in the classroom. Teachers learn to teach a classroom filled with children coming from different cultural backgrounds.

Traditional teaching roles are out and modern teaching methods are in.

Today the primary role of a teacher is to counsel maturing students, to teach students wise personal choices and to mould them into productive members of modern society. Teachers cha l l e nge stu d e nt s to undertake a more active role in t he classro om through interactive smart board technology, group instruction and hands on educational activities. The most respected teachers are educational guides and facilitators motivating students to excel in the classroom.

The most important responsibility of educators today is to explore new educational methods that will encourage students to solve real-world problems.

RESORTS, HOTEL & RESTAURANTS DIRECTORIES

A PUBLIC SERVICE BY:

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Prawn House (088) 3095992 Fax: 8519219 Ridge View Chalet 8588946 / 8587946 Fax: 8588946

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Chali Beach Resort 732840 / 8552108 Fax: 8555941 Chananthon Bed & Breakfast 8568189 / 3093095 Country Village Hotel 8583004-06 Fax: 8583006 D’Budgetel 8564200/726643 Fax: 8564300 Dahilayan Forest Park 8568562 to 63

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Dept. of Tourism 723696/726394 / 8564048 Fax: 723696

RESTAURANTS:

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6

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Hottest Gay Guy in the PHL Braves the HIV Test “Syempre, tuwang-tuwa ako (I was elated),” shared 2016 Mister Gay World Philippines (MGWP) John F. Raspado when he got the result of his first HIV screening years back –a sigh of relief from all his qualms after braving such a test.

Since then, this gentleman from Baguio City has encouraged people within his circle to take the HIV test in ruling out all their doubts and even misconceptions about the disease.

Taking a bolder step as a modern gay guy, Raspado is the lead ambassador of LoveYourself Incognito 2.0, which is the country’s most trusted community-based HIV

screening that is free, anonymous and fast.

Raspado urges every individual to undergo HIV testing on 27 November at Victoria Court Malate in Manila by signing up at go.loveyourself. ph/incognito, an event made possible through the cooperation of LoveYourself and its partners - the Department of HealthResearch Institute for Tropical Medicine, Pilipinas Shell Foundation, Inc. and MGWP Organization.

“It is not the virus that kills them, it is the pride and stigma,” stressed MGWPO Board of Director Ryan D. Soto. Highlighting the importance of early detection of HIV, Soto

said “Everyone must be responsible to his/her health and welfare and educate others.”

Catering to a wider audience, LoveYourself Executive Director Ronivin G. Pagtakhan said “With Incognito, we are bringing the HIV testing and discussion to a greater scale in an effort to reach and help more people.”

“I also take pride with my co-volunteers, because they really exert extra effort for our clients to have a smooth sailing testing experience, especially to first-timers. They devote their time with passion to care for people who need our services,” Pagtakhan relayed.

Being the 2016 MGWP winner, Raspado said “I would like to create awareness and encourage more research on the treatment of HIV here in the Philippines,” by capitalizing on the usage of social media, such as Facebook, to enlighten more people who are frequently inquiring about the medical interventions for the disease.

Moreover, Raspado advised everyone to remain keen about their HIV status especially those who are previously tested and had a nonreactive (HIV negative) result. He noted that “It doesn’t stop with just one HIV test. You would always have to be careful and be safe.”

The traditionally romantic Raspado advised that “It would

also be better if you’d stay loyal to your partner,” which is one of the many ways for people to have safe and satisfying sex and maintain a healthy lifestyle.

Following his landslide win in the 2016 MGWP, Raspado also continues to promote his platform of modernizing the image of gay men in the Philippines, which entails becoming bolder, wiser, and sexier by being competent, creative, and confident about one’s self.

Raspado said “I would like to use my voice and be a role model for the members of the LGBT community who are still in the process of acceptance.”

To remove the stigma on the LGBT community, Raspado noted that “Once you’ve become more confident of yourself, we can eradicate the stigma.”

LoveYourself thrusts to empower everyone in embracing and nurturing their selfworth, which is pivotal in creating ripples of positive change in the community. In this line, Pagtakhan said “We anchor our advocacy in boosting one’s self-worth to propagate ideas, attitudes, and practices and integrate these factors to help fight against the spread and stigma on HIV.” Apart from winning 2016 MGWP, Raspado also won the “I am Pogay” TV contest, which was aired in ABS-

CBN’s noontime show, “It’s Showtime.”

Recently, LoveYourself sought a partnership with MGWPO to eradicate the social stigma on the disease and its relevant interventions, in which MGWP 1st runner-up John Bench T. Ortiz promoted the significance of fitness and sexual health to elevate the HIV prevention advocacy.

MGWPO is a nonprofit organization supporting the fight against sexual prejudice, injustice and equality for the LGBT community across the world. The organization aims to modernize the image

of gays and break all stereotypes from the general public’s perception. It also aims to continue the advocacy of HIV/AIDS awareness and treatment assistance for everyone.

LoveYourself is a non-profit organization conducting HIV testing, counseling and peer education founded on enriching an individual’s self-worth. LoveYourself can be reached through its official website at www.loveyourself. ph, on Facebook at www.facebook. com/loveyourself. ph/and on Twitter at @LoveYourselfPh and Instagram at @ loveyourself.ph.

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Banking&Finance

HSBC ups 2016 growth forecast for PHL BANKING giant HSB C h i ke d it s 2 0 1 6 g row t h forecast for the Philippines from 6.5 to 6.8 percent, after the higher-than-expected economic expansion in the third quarter this year.

The government, on Thursday, reported a 7.1 percent growth, as measured by gross domestic product (GDP), for the third quarter, the highest in Asia for the period and highest for the domestic economy since 2013.

It was driven by the robust fixed capital investments and private consumption, among others.

This growth is stronger than quarter-ago’s 7 percent output and year-ago’s 6.2 percent, and brought the ye ar-to-d ate GDP to 7

percent, the upper end of the government’s 6-7 percent target this year.

HSBC, in a report, said this turnout “points to the resilience of the Philippine economy in a soft global growth environment”, thus, the revision of its growth forecast for the country this year to 6.8 percent from 6.5 percent earlier.

“Momentum to continue into 2017 on the back of infrastructure spending and resilient remittances,” it said.

It noted that risks to growth “are manageable” despite t he ele c t ion of Republican Party candidate Donald Trump as the next US president.

It said the incoming Tr u mp a d m i n i s t r at i o n “introduces some risks to

growth due to the possibility of protectionist policies, but we believe risks to the Philippines are manageable and more limite d t han elsewhere.”

Major risk f rom the incoming US government will be the Philippines’ business process outsourcing (BPO) sector that employs about 1.2 million Filipinos, 70 percent of whom earn from inflows from the US, it said.

The report, however, pointed out that risks remain manageable.

“We t h i n k r isk s are mitigated because there is little direct competition with American workers, and President Rodrigo Duterte appears to have struck a more HSBC/PAGE 9

EastWest’s nine-month income up 78% E A S T We s t B a n k i n g Corporation (EastWest) registered a 78% growth in net profits in the first nine months of the year to P2.33 billion, driven mainly by the increase in its loan portfolio.

Net interest income grew 24% year-on-year to P11.21 billion, while non-interest income, excluding trading went up by 42% mostly from fees and commissions related to its consumer lending and deposits businesses. Net revenues reached P15.70 billion, up 32%, underpinned by the 27% increase in core recurring earnings, which reached P14.59 billion.

“We believe the worst of the pain from the expansion program that started in 2012

that saw our branch stores grow from 168 to 443, assets from P96.0 billion to P268.78 billion, but kept income flat at around P2.0 billion is behind us now. We are starting to harvest the fruits of the expansion. We expect income for the year to reach around P3.0 billion for at least a 50% improvement from last year. While we are yet to realize the full potential of our infrastructure and organization, we are happy to see the steady progress,” said EastWest President & CEO Tony Moncupa, Jr. Total assets reached P268.78 billion, up 26% year-on-year as the bank’s customer base and market share grew with the expansion

of its store network. EastWest has 443 stores to date, almost triple its 168 consolidated nationwide network five years ago.

The bank’s consumer loan portfolio expanded 50% to P122.6 billion. EastWest’s strong position in consumer loans is affirmed by the “Best Consumer Finance Product” award it recently received from The Asian Banker Philippine Country Awards 2016 for its innovative and versatile multi-purpose personal loans.

Deposits grew 30% to P216 billion, supported by a 31% growth in lowcost checking and savings deposits. income/PAGE 9

BSP stays in the black at end-September

THE BANGKO SENTRAL ng Pilipinas (BSP) maintained its profitability at endSeptember, as revenues sustained a double-digit growth and costs remained below year-ago levels.

The central bank booked P13.99 billion in net income, reversing a P3-billion net loss registered for the comparable n i n e m ont h s of 2 0 1 5 , according to preliminary data released on Friday.

At end-September, the BSP further grew its revenues to P57.12 billion or 32.3% more than the P43.19 billion generated a year earlier.

Interest income surged by an annual 22% to P34.70 billion from P28.42 billion, while miscellaneous income jumped 52% to P22.43 billion from P14.77 billion.

Expenses declined 3.7% to P51.82 billion from P53.84 billion during the same ninemonth period a year ago.

The central bank earned P8.70 billion from its foreign currency (FX)-denominated transactions, apparently finding itself on a favorable side of the bet. Those FX transactions include the rollover or re-investments of matured FX investments with foreign financial institutions and FX-denominated gove r n me nt s e c u r it i e s ; servicing of matured FX obligations; and maturity of derivatives instruments.

The BSP incurred annual losses from 2010 to 2015 largely on slowing revenue generation and fluctuating foreign exchange rates.

It e x t e n d e d t h e w e a k performance into the first month of the year with a P61million loss before returning to profitability.

In October, the central b an k aske d l aw ma ke rs to allow the creation of reserves aimed at softening the negative impact of FX bsp/PAGE 9

Baungon District Bantula Awarding The Bantula Awarding for Most Outstanding Teacher of Baungon District level dur ing t he s cho ol year 2016-2017 has come! . The said awarding was held last night, November 18, 2016 at Pearlmont Hotel, Cagayan de Oro City.

Though not my first time in Pearlmont and to joined such kind of awarding but as I entered the hall where the awarding is to be held, my checks are shaking as I threw a friendly smile to my colleagues, I felt my heart pumping so fast and my knees are shaking that I could hardly make a step seeing my colleagues so gorgeous and marvelous.

I felt a sudden change of environment seeing my co-teachers not wearing our prescribe uniforms but instead a fabulous, colorful long gowns for women and tuxedo for men.

The 2016 District Level

Bantula Awarding Night was welcomed by our very own District Supervisor, Charles T, Mahistrado, Ph.D. And it was an honor that Baungon Sangguniang Bayan members were with us that night. Mr. Mahistrado also congratulated the awardees as well as the evaluators and validators who done a big job in selecting the most outstanding/performer in the District of Baungon.

He further said that

the night was not for an attendance check but rather, the night has a purpose and it should be something to be commemorated of. He also emphasizes that we were not their just to make so much discussions of the different categories but rather, the night to give certificate of recognition and the plaque

to the outstanding teachers and school heads.

To make the coverage of the awarding short, I should say it was a very successful awarding night. The awardees really deserve to receive certificate of recognition.

Congratulations dear awardees.

JEANNE M. CAYLAN Finalist- Grade V- Category

7 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

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8

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Hurst... from page 4

w hich we caus e in our marriage, very little will change. So why not be honest with yourself ? Just ask Jesus Christ to forgive you today for your wrong attitudes and the way you treat your wife or husband?

Then ask Him to give you the strength and willpower to start changing each and ever y day. Just Think a Minute…

Agcopra... from page 4

the US dollar shall be able to keep its value and global currency supremacy.

The Downward-Spiraling US Sovereign Debt The ever ballooning US sovereign debt has gone up so high in recent years.

According to most recent data from the US Treasury, the latest US debt figure is now approximately US$ 19.82 trillion (as of endOctober 2016), the bulk of which is owed to international investors holding US government securities (or US Treasury Bonds). Even before the 2008 Financial Crisis, the US debt grew rapidly by 50%, from ~US$ 6 trillion in 2002 to a little more than US$ 9 trillion by end of 2007.

But how did it get to be so horrendously high? This was mostly due to persistent and increasing annual deficit spending, the bulk of which recently included the roughly US$ 800 billion a year defense and military expenditures on its “proxy wars” and the “war on terror” of President Bush, apart from the usual

social security and healthcare expenses as mandated by law. This was coupled with repeated increases of the aggregate limit or total amount of new government bonds issued (the “debt ceiling”) as approved by the US Congress. Most recently, this was further aggravated by the expenditure incurred by the Federal Reserve when it implemented its “bailouts” which expanded total debt to US$ 10.5 trillion by December 2008. Thereafter, the repetitive “quantitative easing” (QE) measures of the Federal Reserve bloated it further to what it is today.

The “debt ceiling” is a limit set by US Congress legislation since 1917 on the amount of debt that can be issued by the US Treasury. When this “ceiling” is reached, a crisis occurs where the US Treasury by law may use “extraordinary measures” to buy time until the “ceiling” is raised higher

by Congress. Though the US government has not yet reached any point of default (when US Treasury is deemed incapable of paying back US debt), it has reached close call on several occasions, at times even leading to government shutdowns.

During the 2011 US debt ceiling crisis, Egan-Jones, a smaller credit rating agency (CRA), became the first to cut its US debt rating from AAA to AA+ on July 16 of that year.

Shortly thereafter on August 5, the S&P followed by issuing its first ever downgrade of the US federal government’s sovereign credit rating from AAA (outstanding) to AA+ (excellent) with a negative outlook. This led to the Dow Jones Industrial Average

Teachers’ attitude toward teaching

By Cristita T. Renoballes Liloan Elementary School Lumbo, Valencia City

First and foremost, the teacher must be passionate about the subject he/she’s teaching. A really passionate teacher can be highly influential for the students to pursue their passion too.

St u d e nt s l i k e t h e teachers who learn things with them. They must realise that the students k n ow s om e t h i ng t h at they don’t. They must not discourage any student if they had failed in exams.

A good teacher is a good friend of students. He/she knows about the passion of every student in the class.

They can’t help everyone to be successful in their field yet they can be supporters.

The best the teachers can do is to understand the situation the students are handling in the current generation. Stress, Pressure, Low marks and heart break are ruining this generation of students. A good teacher understands the students and makes him realise that marks doesn’t matter.

Teachers in the country are responsible for the students they teach. Each and every criminal activity

that a student involves in the future implicate teachers’ image. A student coming out of an institution must not have only the technical education; he must be good with his attitudes.

I think we as a teachers play a major role here. The present leaders of this countr y would silently give away their roles to the students of this generation.

If someone would have the power to bring changes in our daily life, it is the students that we come across every day. I cannot disrespect any student now; he /she may turn out to be the President of the Philippines in the future. I think that must be the great attitude that a teacher can have.

Teacher is not ought to demand what is best for them but else perform their best and everything that they’re entitled to will just come beyond someone’s expectations. We’re all passing in this life only our legacy lingers which will serve as testimony to the next generation what kind of teacher we are.

(DJIA) falling nearly 2,000 points, with a worst single day drop of 635 points on August 8. A year after on April 5, 2012, Egan-Jones further cut its rating a second time from AA+ to AA due to “lack of any tangible progress on addressing the problems and the continued rise in debt to GDP.” And on September 14 of the same year, Egan-Jones cut its rating a third time to AA- (the lowest of what is still considered “high grade”) as a reaction to the third round of quantitative easing done by the Feds (QE3).

Remarkably, analysts deemed it to be an apparent retaliator y action from the US government when after such downgrades, the US SEC placed S&P under investigation and brought Egan-Jones under administrative action.

The most recent debt ceiling crisis occurred in early 2013, ending when President Obama signed the No Budget, No Pay Act of 2013. This temporarily suspended the debt ceiling until May 19 of that year, after which the debt ceiling was raised to US$ 16.699 trillion. On October 30, 2015, the US Senate passed a bill further suspending again the US debt ceiling for the last time under Obama’s watch, effective until March 2017. By then, it shall be an issue to be tackled anew by Mr. Donald Trump, the new US president.

HSBC...

Income...

conciliatory tone concerning future cooperation with the US,” it said.

The report also forecasts decline of US’ share in terms of investments to the Philippines, from being on top to just second after China by 2017. “ This should more than offset any reduced investment from the US, but is unlikely to stem the deterioration in the current account, which we expect to halve this year to 1.3 percent of GDP due to the widening goods deficit,” the report added.

“We have a lot to look forward to as we further grow and diversif y our income sources. We now have completed our product menu as our bancassurance, non-life insurance, and wealth management are in full operating mode, while leasing will be offered as well very soon,” said Moncupa.

The bank has just received regulatory approvals for its new subsidiary, EastWest Leasing and Finance C or p orat ion (E astWest Leasing), which is expected to contribute further to the bank’s growth.

from page 7

BSP...

from page 7

fluctuations on its financial performance, as part of proposed amendments to the institution’s charter.

The planned revisions to the BSP charter, proposed through Republic Act No. 7563, will authorize the central bank to maintain a specific account as reserves for foreign currency trading.

BSP Deputy Governor Diwa C. Guinigundo had noted the self-sustaining reserve fund will be funded by the central bank’s trading gains and can be tapped in times of losses arising from the peso’s movements versus the dollar.

from page 7

9

The bank’s joint venture with Belgium-based Ageas Insurance, now branded ‘ Tr o o’, h a s b e g u n i t s bancassurance operations last April. EastWest also formed an insurance brokerage, E a s t We s t I n s u r a n c e Brokerage, Inc. Last May, EastWest Bank entered into an agreement with Standard Chartered Bank Philippines (SCB PH) to migrate to EastWest the retail banking business of SCB PH, which includes credit cards, personal loans, wealth management, and retail deposits. Migration of SCB accounts is ongoing and the transfer will be completed before the year ends.

10

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CONGRATULATIONS AWARDEES!

11

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monday|november 21, 2016

Operator... from page 1

He noted that while there is now sufficient capacity for Mindanao, there are still areas experiencing “energy poverty” – which is an irony for a market already wellsupplied with power. The Mindanao spot market is seen as recourse both for power generators that do not have supply contracts, and for offtakers (capacity buyers) that do not have a definite source on their power requirements.

Additionally, WESMMindanao will be a network for the priority and mustdispatch policy proposition for renewable energy (RE) technologies – the next terrain of massive investments that the grid has been aspiring for.

“After DOE’s (Department of Energy) issuances declaring for WESM Mindanao, we expect information campaign then participants’ training to follow,” PEMC President Melinda L. Ocampo has noted.

She added that the next steps will include “hands-on training and trial operations” for all prospective market participants in the Mindanao grid.

“We are planning to use our NMMS (new market management system) just like in our Luzon and Visayas operations,” Ocampo said.

The propounded institutionalization of the Mindanao spot market is well-timed with the proposed commerci a l op erat ions of the WESM’s new and advanced trading platform – with some adjustments on trading intervals and price settlements that must be adhered to by market participants.

It must be noted that Mindanao grid’s first spot market foray had been via the defunct Interim Mindanao Electricity Market (IMEM).

It was later shelved due to problems with market buyers.

Nevertheless, when supply problems had already been resolved for Mindanao, the clamor for the establishment of a functioning and indissoluble spot market for the grid had intensified.

Attract... from page 1

BPO indust r y and our confidence in this part of the country.”

Te l e p e r f o r m a n c e Philippines officially opened on Friday its 1,600-seat 18th branch contact center facility that occupies the fourth floor of a downtown mall here.

Coates said that the first branch of the Teleperformance Philippines opened in Davao Cit y in 2 013 a lt houg h the company has been in operation in the country since 1996.

Coates expressed the confidence that the opening of the new site in Cagayan De Oro City would be able to continue to effectively serve BPO clients and customers and provide excellent career opportunities.

According to Coates, t h e Te l e p e r f o r m a n c e

Group operates 147,000 computerized workstations, w it h c l o s e t o 1 9 0 , 0 0 0 employees across 311 contact centers in 6 In the Philippines, Teleperformance has around 40,000 employees catering to customers and clients across the globe with services ranging from telecommunications, technology, travel, broadband, media and entertainment, financial to healthcare.

He said that in 2015, the firm reported a consolidated revenue of U.S. $ 3.7 billion.

(PNA)

Poverty... from page 1

continue to be wide and cross-cutting in different regions and sectors.”

C it i ng a P h i l ippi n e Statistics Authority (PSA) 2016 report of poverty incidence, the Butuan and Las Nieves, Agusan del Norte solon said “the number of poor Filipinos remained high at 21,6 percent.”

He reinforced the PSA report with a United Nations Development Program in the Philippines (UND-Ph) study that “ social inequities are rife and impact the indigenous peoples, fisher folk, women and the informal sector the most. In the 2013 Human Development Report, Fortun said the Philippines scored 0.418 in the Gender Inequality Index, “reflecting inequalities in labor market participation, political representation, and access to health services”.

According to Fortun, in the case of large-scale mining, the Philippines is the fifth most mineralized country in the world, second in gold and third in copper, He noted, however, that some of the poorest areas in the country are also mining sites, like Benguet, Samar, Surigao and Zamboanga.

The lawmaker referred to a study by Maita Gomez published by Tax Justice Network which revealed that the Gross Domestic Product (GDP) of Caraga for the year 2007-2009 rose by P40 billion, while poverty incidence increased ranging from 4649 percent, attributed to mining.

He made a moving appeal that the issues on inequitable distribution of wealth and disparities of income and quality of life be subjects of dialogue and discourse, and serve as “a platform for moving forward on what science and technology can do to spur development that is sustainable and just in our region.”

“There can be no perfect discussants other than our promising young scientists and technologists who shall inherit this Earth in the days to come,” Fortun said.

He lauded the affair’s organizers since it “brings hope and inspiration.” adding that “Though the present condition may be bleak, we must remain optimistic in the ingenuity of the human k i n d . As e mp h at i c a l l y articulated by the 1987 World Commission on Environment and Development , ‘humanity has the ability to make

development sustainable to ensure that it meets the needs of the present without compromising the ability of future generations to meet their own needs.’”

Farmers...

from page 1 the vast hinterlands areas of the province.

Three mini 4-WheelDrive farm tractors worth P800,000 each whose funding were taken from the Department of Agriculture (DA) with counterpart from the Provincial Government of Agusan del Sur (PGAS) were awarded to San Francisco Farmers Producers Cooperative led by Dexter Bajade, Bariduha Irrigators Association Chairman of Veruela town led by Leonardo Mancia and Labnig Irrigators Association Chairman of Talacogon town led by Renato Maligsa.

Charito Pinaverde, Chairman of Sabud Farmers Association and Adonis Pagarido, Chairman of Sta. Teresa Farmers Association, all from Loreto town also received a mobile corn mill worth P400,000 each since their main product is corn.

The funds were taken from the 20 percent Provincial Development Fund (PDF). “ We a r r i v e a t t h e Naliyagan Cultural Center where we were instructed to report at dawn of October 10 because of excitement. Our hearts were filled with joy upon receipt that our long dream of having a corn mill is now within our grasp. We therefore thank our Gov. Adolph Edward Plaza for making our dreams come true. In return, we dedicate our prayers, sincerety and being responsible to him. I can say, we will take good care of this gift and make the best out of it,” Charito Pinaverde said in an interview.

Two mechanical rice transplanters whose funds were taken from the DA and PGAS were also turned over to Chairman Nemesio Niog of WEBAMSI Irrigators Association and Chairman Andres Sularte of CASAMA Irrigators Association all from Bayugan City.

Three corn shellers worth P142,000 each were received

by Chairman Carlos Mandag of San Isidro- Villangit Agro Farmers Association of Sib agat, Il ang-Il ang Farmers Association of Loreto Chairman Eddie Mahinay CAGAYAN DE ORO MAIN BRANCH and Tandang Organic P & J Lim Bldg., Sora Tiano Brothers Kalambagohan Sts., Farmers Association of Tel. # (08822) 727-829 * TelefaxChairman # (088) 856-1947Danilo Esperanza Ramal. CAMIGUIN Funds BRANCH of the three B. Aranas St., Poblacion, Mambajao, corn shellers were all taken Camiguin Tel. # (088) 387-0491 from the 20 percent PDF. CORRALES BRANCH Another percent PDF Corrales Ave., 20 Cagayan de Oro City also financed the purchase DIVISORIA BRANCH Erasmo B. Damasing Bldg., #61 Don A. ofAtty.two rice cutters costing Velez St., Cagayan de Oro City P28,000 each and were Tel. # (088) 857-3631 given toLAPASAN Ricardo Saguran, BRANCH C hair man of Ldeibu Lapasan Hi-way, Cagayan Oro ac City an Tel. # (088) 231-6739 Irrigators Association from CARMEN BRANCH Esperanza and Benedicto Vamenta Blvd., Cagayan de Oro City Tabion,Tel.Chairman # (088) 231-2011 of La Fortuna Farmers Association from Veruela.

BPO...

East, and USA. CEB’s 58-strong fleet is comprised of six Airbus A319, 36 Airbus A320, six Airbus A330, eight ATR 72500, and two ATR 72-600 aircraft. Between 2016 and 2021, CEB expects delivery of two more brand-new Airbus A330, 32 Airbus A321neo, and 14 ATR 72-

CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947

DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491

LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

CARMEN BRANCH Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011

DEED OF EXTRA-JUDICIAL PARTITION OF ESTATE WITH DEED OF ABSOLUTE SALE

from page 12

Mayor Oscar S. Moreno, during the inauguration, echoed his message and said that CDO is the centerpoint of Mindanao with its vast logistics hub, enhanced f a c i l it i e s an d st r ate g i c geographical location.

“In behalf of the people of Cagayan de Oro, welcome t o t h e C it y of G ol d e n Friendship,” Mr. Moreno said as he shared a toast with Mr. Coates and other Teleperformance officials.

KNOW ALL MEN BY THESE PRESENTS:

That we, HEIRS OF ANESIO A. BORRINAGA, namely:

BRAULIA C. BORRINAGA, of legal age, widow, Filipino; ELLAINE C. BORRINAGA, of legal age, single Filipino; JOEL C. BORRINAGA, of legal age, single, Filipino; and JAY MARK C. BORRINAGA, of legal age, single, Filipino and residents of 6th Div., Patag, Cagayan de Oro City, referred to as the HEIRS-VENDORS; - and GEMMA S. RONQUILLO, likewise of legal age, single, Filipino and resident of 6th Div., Patag, Cagayan de Oro City, referred to as the VENDEE, after being duly sworn, hereby, MANIFEST:

CEB...

1. That we are the only, sole, legitimate, forced and surviving legal heirs of the late ANESIO A. BORRINAGA, who died intestate on January 27, 1997 at Cagayan de Oro City, Misamis Oriental;

airline’s extensive network covers over 100 routes and 66 destinations, spanning Asia, Australia, the Middle

2. That to the best of our knowledge and information the deceased left no will and no known debts which remain unpaid whatsoever;

from page 3

Republic of the Philippines Province of Misamis Oriental Municipality of Initao -000NOTICE TO THE PUBLIC CCE- 0046-2016 R.A. 10172

Date: November 15, 2016

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 JURY T. GALAROZA has filed with this Office, a petition for change of first name from “ “to” “ 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 JURY T. GALARROZA at Initao, Misamis Oriental and whose parents are JESUS D. GALARROZA and LEVITA E. TINOY.

Any person adversely affected by said petition may file his written opposition with this office not later than December 9, 2016.

(Sgd.) ISAIAS A. JARALES Municipal Civil Registrar

3. That the deceased at the time of his death left a parcel of land, which area is the subject of the sale and more particularly described as follows to wit: Transfer Certificate of Title No. T-53566 “ A PARCEL OF LAND, (Lot 8, Blk. 5, Pcs-10-000599, being a consolidation & subdivision of Lots 22051-C,4352-A, Psd-10-010426), SITUATED IN THE Barrio of Patag, City of Cagayan de Oro, Island of Mindanao. Bounded on the NW., along line 4-5, by Foot Path 10.; on the NE., along lines 5-6-1, by Lot 9; along line 1-2, by Lot 10; on the SE., along line 2-3, by Lot 6; on the SW., along 3-4, by Lot 7, all of Block 5, of the Consolidation Subdivision plan Pcs-10-000599; Beginning at the point marked “I” on the plan, being S. 24 deg. 36’E., 676.70m from BBM No. 11, Cad-237, Cagayan Cadastre; thence: x x x x x x x x x x x x x x x x x x x x. Containing an area of Eighty Six (86) SQUARE METERS,more or less.”

4. That by virtue of Rule 74, Section 1, Rules of Court, we herby divide, adjudicate and partition among ourselves in pro idiviso equal shares the entire estate above described; DEED OF ABSOLUTE SALE

BWM: Nov. 21 & 28, 2016

ASIA WORLD PAWNSHOP

Main: Osmeña-Cogon Market, Cagayan de Oro Branch: Ipil,Carmen , Cagayan de Oro NOTICE OF AUCTION SALE Starting December 2, 2016 at 9:00 A.M. to 5P.M., this establishment will set an Auction Sale on all pledges since July 2016. Patrons are enjoined to verify their receipts.

600 aircraft.

For bookings and inquiries, guests can visit www.cebupacificair.com or ca l l t he res er vat ion hotlines (+632) 7020-888 or (+6332)230-8888. The latest seat sales can be found on CEB’s official Twitter (@C ebuPacif icAir) and Facebook pages.

MANAGEMENT PAHIBALO

Sa Disyembre 2, 2016 sa may 9:00 sa buntag paingon da alas 5:00 sa hapon, ang Tanan nga penirenda nga wala malukat sa bulan sa Hulyo 2016 maapil sa subasta. Giawhag ang tanan suki sa pagsusi sa ilang resibo.

BWM: November 21, 2016 ANG TAGDUMALA

That for and in consideration of the sum of TWO HUNDRED FIFTY THOUSAND (P250,000.00) PESOS, Philippine currency, receipt in full is hereby acknowledge from the Vendee, to the entire satisfaction of the Heir-Vendors, we hereby CEDE, SELL, TRANSFER and CONVEY as by these presents, do hereby CEDED, SOLD, TRANSFERRED and CONVEYED successors-in-interests, free from all liens and encumbrances, whatsoever.

The parties further state that they have complied with the provisions of Article 1621 and 1623 of the New Civil Code by giving notice to adjacent owners.

(Sgd.) BUENAVENTURA B. SAGRADO Notary Public Until December 31, 2017

Doc No: 88 Page No: 18 Book No: 116 Series of 2016

BWM: Nov. 21, 28 & Dec. 5, 2016

12

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

Huge BPO firm opens 18th branch in CDO

C

By Mark D. Francisco

A G AYA N D E O R O C I T Y – Teleperformance, the world’s leading provider of outsourced omnichannel customer experience management services, opens its newest business site in Cagayan de Oro City, it’s 18th in the Philippines and its second site in Mindanao after its Davao City site opened in 2013.

Teleperformance CDOis strategically located at the heart of the city, occupying

four floors of the upscale Centrio, an Ayala Land development situated along

CM Recto Avenue.

Gearing up for its aggressive business operations, Teleperformance CDO now welcomes jobseekers to its modern and spacious Recruitment C e n t e r l o c at e d at t h e second floor of the Centrio G a r d e n . Ac c o r d i n g t o Teleperformance managing director Travis Coates, they have already employed more than 300 employees as of its opening last Saturday but

Cutting the ribbon for Teleperformance’s 18th site in the country are (from left) Technical Education Skills and Development Authority (Tesda) 10 director Edgar A. Sales, Mayor Oscar S. Moreno, Teleperformance managing director Travis Coates, ITBusiness Process Outsourcing Assocation of the Philippines executive director Genny I. Marcial and a Teleperformance site representative. PHOTO BY MARK FRANCISCO

they are still in need of a thousand more.

“We have 1600 seats in the complex. We will definitely be expanding our accounts in 2017,” Mr. Coates said.

C ompetitive salar y package, exciting performance bonuses, comprehensive health care benefits and career advancement opportunities await those who will be successfully hired.

L i k e o t h e r Teleperformance sites in the country, the CDO site features state-of-the-art facilities such as a fitness gym, spacious cafeterias, full-service clinic, sleeping quarters, game and recreation rooms and locker rooms for employees.

“We u nd e rst and t he rigors that accompany a graveyard shift since most of our clients are based in North America. That’s why we’re erecting those facilities to de-stress our agents,” Mr. Coates added.

“Our arrival to the city of Cagayan de or signifies our strong commitment to the Philippine BPO industry and our confidence in this part of the country.” bpo/PAGE 11

monday|november 21, 2016

Plaza Fair convenience store to revive in Malaybalay

By MARK FRANCISCO

DANNY Velasco, the proprietor of Plaza Fair, once the iconic number one retail department store in Cagayan de Oro and Northern Mindanao, is planning to revive his retail business in the region within 2017.

Velasco said that this time, he is planning to put up his business in Malaybalay City, Bukidnon, situated 100 kilometers south of Cagayan de Oro. The maverick entrepreneur has revealed that he will be purchasing a piece of property in the heart of Malaybalay so that shoppers there will get a taste of what they have experienced in Plaza Fair Cagayan de Oro. Mr. Velasco is set to put up a convenience store in Malaybalay City, Bukidnon. The said outlet will also feature distinctive promos and discounts that Plaza

Fair has been known for including its Buy One Take One promo.

Upon renewal of the Frequent Shoppers card of the customers, they will be eligible to join the 12 Days of Christmas such as the condominium showcase and many more. Prizes at stake include a Yamaha motorcycle, GoPro Hero 4, laptop, mountainbike, Samsung cellphone and gift certificates.

The convenience store will be accessible to shoppers since it is just a stone’s throw away from Pine Hills Hotel, Capitol site, Bukidnon hospital site, municipal building housing and Dr. Figueroa’s old house.

Aside from that, Mr. Velasco is set to put up a memorial park.

In 2018, he would put up a medical school where students learn Western and Oriental medicine.