BusinessWeek Mindanao (November 22-23, 2016)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 076

Market Indicators

As of 6:10 pm November 22, 2016 (tuesday)

FOREX

PHISIX

US$1 = P49.85

6,802.73

X

2 cents

X

176.33 points

Briefly No import permits

YOUR Mindanao-wide BUSINESS paper

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IN-DEPTH

Tue-Wed | November 22-23, 2016

By MARK FRANCISCO, Staff Writer

M

ORE than 50 companies in Northern Mindanao and the Autonomous Region of Muslim Mindanao (ARMM) intend to partner with the government’s new vocational training program.

AGRICULTURE Secretary Emmanuel “Manny” Piñol on Tuesday ordered the immediate cancellation of import permits for all agriculture products, except rice, for the protection of local farmers.

Piñol, in a press conference held at the DA central office in Quezon City, explained the move was to stop alleged “recycling” of import permits and “misdeclaration” of agriculture products by unscrupulous individuals.

He said importers will have to apply permit to import directly at the DA Secretary’s office.

Solar-for-poor SOLAR technology is deemed a thriving energy solution for poor households and communities at off-grid areas, but for this to become sustainable, the business model has to viably make its way with the banks for social financing.

In an interview with journalists, Ramon Magsaysay awardee Dr. Harish Hande, noted that India’s “social enterprise ecosystem” with the deployment of solar energy (SE) can well be replicated in the Philippines but with much needed financial support that may even be done through rural banks.

He said the business model is ideal for off-grid applications, which is highly relevant for the archipelagic nature of the Philippine electricity systems.

P15.00

50 Mindanao firms back govt’s voc-tech program www.businessweekmindanao.com

The Technical Education, Skills and Development Authority (TESDA) here said on Monday that the companies had expressed support of the “Barangay Kasanayan Para sa

Kabuhayan” (Village Skills Training for Livelihood).

The village level skills training for livelihood was TESDA program under program/PAGE 11

ORGANIC FAIR. Organic agricultural produce from all over Northern Mindanao were showcased at the 3rd Regional Organic Fair held over the weekend at SM City Cagayan de Oro. PHOTO BY Mark Doña Francisco

Malaysian firm to invest $1-B in oil palm plantation in Agusan Sur THE Philippines is close to securing the largest investment in the agriculture s e c t or c om i ng f rom a Malaysian firm, Alif Agro-

Industrial, Inc., which is planning to expand its presence in the country and put up a palm tree plantation and oil refinery in Mindanao

that could be worth US$1 billion.

Philippine Economic Zone Authority (PEZA) Directorinvest/PAGE 11

Vivo unveils latest companion for perfect selfies today MANILA -- Top 5 global smartphone brand Vivo is set to reveal the latest companion for Filipino consumers who love taking perfect selfies.

The new Vivo smartphone is set to redefine the limits of a premium

mid-range smartphone.

Vivo has developed innovations that will allow its users to take Perfect S el f i e s w he ne ve r, and wherever.

In addition to that, Vivo will also feature another upcoming innovation that

will give consumers twice the reasons to take that coveted Perfect Selfie.

During the event, Vivo will also announce a new member of the Vivo family that is sure to make Golden perfect shots every time he uses his Vivo smartphone.

TO REACH THE STARS. A fundraising exhibit for Lumad children in Marilog, Davao City features 15 of the best photographs of Jelieta Mariveles-Walinski, a Mandaya. The exhibit runs from Nov. 21 to 26 at the ground floor of the blue building, Ateneo de Davao University, Roxas Ave. MindaNews photo by Carolyn O. Arguillas

Mango producers, food firm eye marketing, supply ties

By MindaNews

GENERAL Santos City — Mango producers in Region 12 are working on forging marketing and supply

agreements with a fruit processor and a beverage company based in South supply/PAGE 11

FOR SALE ISUZU DMAX 4X2 , MANUAL, 2011 MODEL. CASA MAINTAIN. CDO PLATE. WTH COMPREHENSIVE NEW INSURANCE, AND NEW REGISTRATION.

PRICE : 700K

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Economy MOA for BuB project under study

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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, throug h the committee on finance, budget and appropriations under Councilor Edna M. Dahino is studying the proposed Memorandum of Agreement ( MOA ) to b e e xe 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 of Food Processors of Cagayan de Oro. The project is under

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tue-wed|november 22-23, 2016

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 an d Bu d ge t O f f i c e r t o discuss the matter.

Under the MOA, the c i t y g o v e r n m e nt s h a l l provide MUST with the list of beneficiaries availing the training for food processing, food safety and food packaging and coordinate with them in f i n a l i z i ng t h e t r ai n i ng 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 r s t o 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)

Oro dads want solutions to Oro’s traffic problem THE CAGAYAN de Oro City Council in its recent regular session has tackled on how to address traffic woes in the city.

Councilor Edna “Inday” Dahino stressed that the city should embark on projects and programs that will solve the worsening traffic problem in Cagayan de Oro. This was raised during discussions by the committees on finance, budget and appropriations and on public works chaired

by Councilors Dahino and Zaldy Ocon, on the proposed Annual Investment Plan (AIP) of the city for 2017.

The lady councilor said she did not find any program or project in the AIP that will address traffic problems.

“These are the things we need to do in the future,” she cited.

She said the city can source out funds to implement measures that will ease the traffic problem as this is an urgent matter.

“If we can borrow more to make a diversion road or a flyover, why not. What is

urgent and important now is to solve the problem,” she stressed.

OTHER ISSUES For his part, councilor Ocon stressed that traffic problems in the city cannot be solved if the main causes are not addressed.

He said he obser ved that a lot of buildings are being constructed in the city without parking areas.

Ocon also cited the lack of discipline among drivers.

Parking six meters from the curb, obstruction of free right road and stopping in pedestrian lanes are grossly

being violated, he cited.

The councilor said he is not happy with the performance of the Roads and Traffic Administration (RTA) as traffic laws are not being effectively implemented.

In his reaction, Councilor Te o du lfo L ao, chair of the committee on public utilities, said to be fair with the RTA, these matters should first be discussed with them.

“So we can suggest and ask how the City Council can be of help,” he added.

(SP)

Smart introduces Holiday Giveaway Discount and Raffle Promo

By MARK FRANCISCO

RPN Radyo Ronda Stations Nationwide

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

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

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

FOR Filipinos, Christmas is one of the most important occasions of the year. To make this occasion more meaningful for Filipinos, Smart Padala released a new promo Holiday Giveaway Discount and Raffle Promo as an early Christmas treat.

With more than 15,000 centers nationwide, Smart Padala stated in a press statement that its promo allows consumers to get a chance to win cash prizes, Hap p e e Pa n g - Ne g o s y o

p a ck age and Kaw as a k i motorc ycles when they transact from September 30 to December 31, 2016.

Wit h t he promo, breadwinners will be able to express their love to their families by sending the fruits of their hardwork with even lower remittance rate wherever they are. For every transaction with Smart Padala, you may win P10,00 cash bi-monthly, 15 Happee Pang-Negosyo packages and ten Kawasaki motorcycles

will be given away in the grand draw too.

To register for the raffle, just text SMARTPADALA (reference number) and send to 2948. This promo is exclusive to Mindanao only. So earn your raffle entries for more chances of winning!

“This is our early holiday treat to family heads and breadwinners for their hard work and dedication,” said Benjie Fernandez, co-COO at PayMaya Philippines, which offers Smart Padala as one of its key services.

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

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tuesday|november 22, 2016

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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

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for Corporate Affairs

Joe felicilda

Vice President for Administration

joe palabao

Vice President for Marketing

NELSON CONSTANTINO Editor-in-Chief

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gilbert y. chao

Executive Editor

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BONG FABE

Feature Editor

Associate Editor

CLIFFORD SANTILLAN Layout Artist

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sandra encoy

Regional Editor Caraga

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The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City.

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Can’t get no satisfaction Think a minute…What’s your pleasure? Do you enjoy music and parties? A nice meal with your closest friends?

Or do you enjoy gambling and alcohol? Maybe you love sports like football, tennis or golf ? What’s your greatest pleasure? As one guy puts it: “What turns your eyes red?” Pleasures make us feel alive and free. But the problem with pleasure is that it only makes us feel good and satisfied for a short time. Unfortunately, we still end up feeling like the old hit song by the Rolling Stones: “I can’t get no satisfaction.”

After the party’s over we’re back to living our same, ever yday life and responsibilities. It seems even worse after your big high and pleasure. Just ask the guy with the terrible hangover. Ask his wife or kids whom he beat up while he was drunk. Ask the wife and children who are suffering terrible heartbreak and pain from the adulterous affair their father had with another woman.

Yet the amazing thing is we keep doing these same wrong things over and over again. These same things that keep hurting ourselves and the ones we love. We keep believing the lie and illusion that these extreme feelings

THINK

A Minute

Jhan Tiafau Hurst of physical pleasure are what we want and need to feel satisfied. So even though we already know from our own experience that the pleasure doesn’t last and satisfy, we keep going back for more.

We’re almost like the dog that keeps chasing its tail.

But there’s a reason why we can’t be satisfied just from physical pleasures. It’s simply not possible! We are not made or designed that way. We humans are not able to be permanently satisfied with only fun experiences and physical pleasures. You and I were made for much more than “just to have a little fun before we die!” God made us spiritual beings like Him, so the only way we can be fully satisfied and happy is by having a daily, close personal hurst/PAGE 10

(PART 3) Massive US Debt: Its Implications Let’s go back to the cold facts. The total outstanding US sovereign debt as of this writing is US$ 19.82 trillion (http://www.treasurydirect. gov/NP/debt/current). It is currently the largest for any single country in the world.

IMF data estimates US 2016 Gross Domestic Product (GDP) at ~US$ 18.56 trillion, placing its current external debt-to-GDP ratio at 106.8%.

It means the US owes more than what it produces in a year! A World Bank study showed that if a nation’s debtto-GDP ratio exceeds 77% for some extended time period, it will tend to drag down that country’s economic growth by 1.7% for every percentage point exceeding this debtto-GDP ratio figure.

At current 2016 US population estimate of 324 million, US public debt per capita is at about US$ 61,185.

That’s approximately PhP 2,936,889 debt equivalent for every US citizen at current exchange rate of PhP48/ US$1!

To m a k e a r o u g h comparison, the Philippines’ total external debt as of June 2016 was US$ 77.72 billion with an external debt-toGDP ratio of 26.2% (http:// www.bsp.gov.ph/statistics/ spei_new/ tab6_exr.htm).

With Philippine population now hovering at around 102

million, public debt per capita in the Philippines is around US$ 762 (or about PhP 36,574 at current exchange rate).

How is this US debt broken down? To which entities in the world does the US owe it to?

About 72% (US$ 14.31 trillion) is categorized as Publicly-Held Debt, and the remaining 28% (US$ 5.515 trillion) as Intragovernmental Holdings. Of the publiclyheld debt, nearly half (>US$ 6 trillion) is held by foreign governments and investors, the biggest of which is China followed closely by Japan, both of which hold more than US$ 1 trillion each.

Of the Intragovernmental Holdings owed to about 230 other Federal agencies within the US, most (a little less than US$ 3 trillion) are held by the Social Security through the Social Security Trust Fund and the Federal Disability Insurance Trust Fund. The Office of Personnel Management Retirement also owns almost US$ 900 billion, and more than US$ 600 billion is held by the Military Retirement Fund.

The exposure of the Medicare Funds (Federal Hospital Insurance Trust Fund and Federal Supplement ar y Insurance Trust Fund) is also very sizable.

So what figures?

With a GDP economic output of US$ 19.5 trillion, China became the world’s largest economy for the

first time in recent history last 2015, followed by the European Union with US$ 19.1 trillion, and with the United States falling back to a distant third, producing US$ 17.9 trillion. China owns about one third of all US Treasury bills, notes and bonds held by foreign countries. It previously reached a record high of US$ 1.317 trillion in November 2013, but it divested some of its holdings to allow the Chinese yuan (CNY) to rise in value relative to the US dollar. For the long term, however, it should be looking forward to preparing itself as a viable replacement of the US dollar as reserve currency for international trade, especially in the light of the seemingly insurmountable downward spiral of the US sovereign debt crisis in most recent years working adversely in tandem with the falling clout of the petrodollar.

On top of this, if you add up all debt held by Social Security and all other US retirement and pension funds, nearly half of US Treasury debt is held in trust for all US retirees. If the US government defaults, all current and future US retirees are expected to be hurt the most. And since a big chunk of this debt is also owed by the US to its Medicare, its citizens’ health funds are also at stake.

The Petrodollar Threats On September 2000,

dr. adonis agcopra S a d d am Huss e i n , t he n president of Iraq, proclaimed his decision of switching Iraqi oil sales from US dollars to euros. It was a direct threat to the petrodollar. In 2003, the US invaded Iraq. Thereafter, no substantial proof was seen with respect to Iraq’s alleged plans of harming America.

Ne it he r was t he re any concrete evidence gathered on Iraq’s purported weapons of mass destruction. And was there sufficient evidence to link Saddam Hussein to the 9/11 plot? Or was this just a strategic means of protecting the petrodollar?

When Muammar Gaddafi was named Chairman of the African Union in February 2009, he prop os e d t he formation of the gold-backed African dinar – a unified single currency for the whole of Africa. In March 2009, a document was released by the African Union discussing the benefits of running the gold standard with the African agcopra/PAGE 11

Do Marcos loyalists still exist?

LIFE’S INSPIRATIONS: “… Anyone who claims to be in the light but hates a brother or sister is still in the darkness…” (1 John 2:9, the Holy Bible).

-ooo WHERE ARE THE M A RC O S LOYA L I ST S ?

The only reason why antiMarcos forces appear very brave, bold, and daring in staging protests, rallies, and even media campaigns against the Marcos family through all these years is the clear silence of Marcos supporters in the face of even the most belligerent and insulting assault by those opposed to the family.

I am therefore compelled to ask: are there still Filipinos who support the Marcos es? If there are, where are they? Why do they appear criminally silent in the face of the very active and unceasing vilification and hate campaigns against the Marcos family? Are Marcos supporters cowed and bullied into silence by anti-Marcos partisans?

Or, maybe, there are really no more Filipinos who are willing to publicly side or be identified with the Marcoses? That, the s o - c a l l e d S o l i d No r t h supporters of the fabled and, as some are claiming, the greatest Ilocano

politician that ever lived, have already abandoned the Marcoses, except perhaps in Ilocos Norte? Where, indeed, are the Marcos loyalists?

-ooo UNICEF’S CONCERN IS MISPLACED: The United Nat ions Inter nat iona l C h i l d r e n’s E m e r g e n c y Fund (or UNICEF) has show n it is completely out of touch with reality insofar as the problem of children criminals in the Philippines is concerned, with its pronouncements a ss ai l i ng t he move s of l aw m a k e r s a l l i e d w i t h President Duterte to lower the age of criminal liability of children from 15 to 9 years old.

Wit h t he p ass age of a law, cour tesy of S en.

Francis Pangilinan of the Liberal Party, prohibiting the arrest of child offenders even if they have committed murder, drug pushing, or other heinous crimes, crimes involving these child offenders have increased a n d s k y ro c k e t e d , w i t h most of them being used wantonly by criminal syndicates.

In Metro Manila and in other key Philippine cities, street wars by children who have just been weaned from sucking the breasts of their

mothers for sustenance have been occurring nightly, with barangay and police and law enforcement officials professing inability to stop them, because they themselves may be arrested on account of Pangilinan’s law.

-ooo R E V O LT I N G A N D NAUSEATING: Revolting and nauseating! These two words describe the petition that some persons filed with the Supreme Court seeking to exhume the body of President Marcos that is already interred at the Libingan ng mga Bayani, and to cite the Marcos fami ly in contempt for proceeding with the burial.

That petition is revolting and nauseating because, one, the burial was carried out only after the tribunal already ruled that President Duterte did not commit any abuse of authority when he permitted the burial of t he Marcos re mai ns as it was in accordance with existing laws, and, second, the decision to bury Marcos, at the time and date chosen by his family, was not impeded by any legal prohibition.

Contempt of court could only arise if an act was committed against what any court previously ordered.

K akampi

Mo A ng Batas

Atty. Batas Mauricio If the act was pursuant to what the court decided that should be done, that is not contempt, but execution of the court’s judgment or orders. Exhumation, on the other hand, is something that can be compelled only when there is a threat to public health, w hich is non-existent in the case of Marcos.

-ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 H O U R S a d a y, i n t h e Philippines and the world at w w w. f a c e b o o k . c om / angtangingdaan or www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

Feature 5 LIV SUPERCLUB CDO- The First and Biggest Luxury Club in Cagayan de Oro to Open this Weekend Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

tue-wed|november 22-23, 2016

Article by: Clement Dampal II (www.bestspotsph.com) Photo courtesy: LIV SUPER CLUB

A

nother historic milestone in Cagayan de Oro nightlife clubbing is about to unfold this November 25, 2016 (Friday) as the Philippines' Top 5 EDM Club will open its door at Rosario Strip, Limketkai Center.

LIV Super Club CDO is the newest upscale luxury bar in Cagayan de Oro and touting itself as the first and biggest luxury club in the city. It is the first branch of LIV Super Club which became one of the favorite weekend destinations for dancing and drinking in Metro Cebu, hence the Club is considered to be at par with some of the best and hottest clubs in Manila.

LIV Super Club is Cebu's first and largest luxury club and became the Metro's favorite club destination after changing Cebu's party landscape two years since its opening in May 2014. It is known for its towering 18x24 LED Screen at the DJ booth with impressive lighting display and state-of-the-art sound system garnering the recognition and reputation of having the best lights and the best DJs among clubs in Cebu.

The Luxury Club will feature some of Cagayan de Oro's Top DJ's for their soft weekend opening on November 25, 2016 including the Banaag

brothers RB and Kyle, Red Maningo, Miss J, MC RFunk with DJ CharlZ, LIV Super ClubCebu Resident DJ with the night's theme Thanks God Its Friday.

On saturday night November 26, 2016 with its theme SOS, two of the countries rising DJ head turnersL Heart and Hannah Ichiko will be flying to CDO bringing great music to Kagayanons, creating a unique yet posh party environment.

The good news is, NO ENTRANCE FEE for the soft opening weekend although age restriction applies and a strict dress code policy is enforced to provide guests with ultimate lounge experience. Hence, LIV invites you to maintain standards by dressing fashionably and smartly.

The official opening of the LIV Super Club CDO will be on December 09, 2016 bringing worldclass entertainment through the art of luxury clubbing, that is the club-lounges clubbing, and partying in general.

These are some of the DJ names mentioned by LIV Super Club CDO. DJ Kaylovacurrently one of the resident DJs of Top 100 Club- CUBIC, in Macau, trained by the official Pioneer DJ School of Amsterdam.

EVO-K DJaneProducer and Singer.

Currently among

the up-and-coming European EDM Female DJs Producers of the new generation and the number 1 officially rising from Italy.

Amanda SierrasMelbourne-based half-Pinay, halfAustralian. "I just simply love making people dance to my sets.

We're in a time where music genres are changing very rapidly,

many genres seem to hybrid into one now.

It's important to be aware of what is new, and how the public is reacting to them."

For inquiries and table reservations, call/text (0917) 710 5666 or (088) 291 7123.

Look for Olive.

Be there. Be seen and be the first! #LIVSuperClubCDO #YouKnowWhereToBeinCDO

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Billboard

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tue-wed|november 22-23, 2016

Will you be the next lucky winner of Eveready’s Sugod Sari-Sari Store promo in Eat Bulaga? Get ready to be featured on Eat Bulaga’s Juan for All, All for Juan segment and win Php5,000 cash and gift pack from Eveready Philippines as the team visits more Barangays this November.

Get ready as the provider of reliable and affordable batteries and flashlights, Eveready Philippines, partners anew with the longest running noontime variety show Eat Bulaga to give away exciting prizes with the return of the Sugod Sari-Sari Store program to Barangays starting this November.

The Sugod Sari-Sari

Store is a promo open to all sari-sari store owners.

Store owners must creatively decorate their stores using Eveready items and prominently display its batteries and flashlights.

The lucky winners will be announced through Eat Bulaga’s opening segment, Juan For All, All for Juan. They will be

interviewed by Dabarkads hosts and will receive Php5,000 cash and Eveready gift pack.

Aside from the exciting prizes that will be given away, this is also Eveready’s way of equipping the communities with reliable battery and lighting products that residents can use both on their

everyday lives, and during emergency situations.

“We’re sustaining this program as a way of expressing our gratitude and giving back to the loyal sari-sari store owners that never tire of supporting Eveready products,” said MJ Tiquia, Brand Activation Manager of Eveready. “This year, we would like to reach

more localities and give them the chance to win cash and prizes as well.”

Watch out as your Barangay may be the next stop of Eveready’s Sugod Sari-Sari Store.

U nemployment continues to be one of the Philippines’ biggest challenges to date. Millions of Filipinos either remain on the loose for a job opportunity to earn their keep or are employed but are dissatisfied with their current pay, role or job fit, categorizing them

in the “underemployed” segment.

In the year 2000, unemployment rate was at a record high of 13.9. While unemployment rate steadily decreased over the years at a record low of 5.4 in the third quarter of 2016, it remains a major roadblock in seeing

the country’s full potential.

M i c ro - , s m a l l - a n d medium- enterprises (MSMEs) have contributed largely to this increase in employment. In ASEAN c ou nt r i e s , m aj or it y of enterprises are MSMEs, reaching up to 99% in some. In the Philippines,

there are currently close to a million MSMEs. From 1995 to 2011, the number of people employed by MSMEs has increased from 2.7 million to 3.9 million, and the number only continues to grow, allowing people to slowly rise over the poverty line.

MSMEs encounter difficulty when it comes to funding due to having mostly personal assets. Without acceptable collateral such as real property and with a limited track record, MSMEs, especially the smallest ones, are put at a disadvantage in loaning capital as they cannot meet bank requirements.

With its renewed purpose of seeing a country where businesses flourish, Globe Telecom constantly looks at forging partnerships to grow employment opportunities. In partnership with global crowd-funding source Kiva, the company has revolutionized an avenue to help Filipinos, empower local businesses, and promote economic growth. Globe customers can now help Filipino startup entrepreneurs realize their dreams by donating or lending funds.

Leveraging on its online facility and a worldwide network of microfinance institutions, Kiva provides

Follow Eveready on Facebook at https:// www.facebook.com/ EvereadyPH/ or visit their website at http://www. eveready.com.ph for more information.

The Gift that Keeps on Giving: Globe partners with Kiva for a Globe of Good loans to people without access to traditional banking systems. The micro-finance institutions, which are called Field Partners, administer the loans in the field, giving people in need a safe and affordable access to fresh capital to further their lives and that of their families.

Negros Women for Tomorrow Foundation (NWTF), Alalay sa Kaunlaran, Inc. (ASKI), C enter for C ommunity Tr ans for m at i on C re d it Cooperative, Gata Daku Multi-purpose Cooperative, Paglaum Multi-purpose Cooperative, Community Economic Ventures, Inc., MILAMDEC Foundation, SEED Center Philippines, Inc. and Bagosphere Ph. Inc. are Kiva’s partner Microfinance Institutions (MFI) in the Philippines. To-date, Kiva has over 1.5 million individual lenders from every country in the world. These lenders have funded loans amounting to over US$890 million to 2.1 million beneficiaries. kiva/PAGE 10

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tue-wed|november 22-23, 2016

Jollibee, partner to list subsidiary on Vietnam Stock Exchange F ASTFOOD giant Jollibee Foods Corp.

(JFC) has sealed a deal to make its joint venture c o m p a n y, S u p e r f o o d s Group, a publicly traded company on the Vietnam Stock Exchange in line with plans to expand its business in Vietnam and other key cities in the world.

JFC told the local bourse it entered into an agreement through its subsidiary, JSF Investments Pte. Ltd. (JSF), with its joint venture partner, Viet Thai International Joint Stock Company (VTI), to launch the initial public offering (IPO) of Superfoods on or before July 2019.

The Superfoods joint venture owns and operates the brands Highlands Coffee and Pho 24 and is a franchisee of Hard Rock Café. Highlands Coffee has 159 outlets, Pho 24 with 33 stores while Hard Rock Café has three outlets.

The Superfoods joint venture, which has annual sales of $55 million, is one of the fastest growing joint venture businesses of JFC, growing by 36 percent for the first nine months of 2016 with

Highlands Coffee growing by about 78 percent over the same period last year.

“We are very excited about our planned IPO of Superfoods. Our fastest growing business in terms of country is Vietnam and this reflects the vibrancy and potential of the economy and the strong performance of our joint venture business,” said JFC Chairman Tony Tan Caktiong.

Tan Caktiong expressed confidence that with the strong capability of its partner and the support of its organization in the Philippines, “we will have a truly significant business in Vietnam”.

Superfoods Group Chief Executive Officer and founder of Highlands Coffee Thai Phi Diep said, “We look forward to making Highlands Coffee and Pho 24 true national champion brands of Vietnam.

Our planned IPO will raise capital to enable us to expand these two brands broadly in Vietnam, in other parts of Asia and in other key cities in the world. Our joint effort with the people of Jollibee

Foods Corporation will make this possible”.

As part of the agreement to bring Superfoods into the Vietnam Stock Exchange, the ownership of Superfoods Group will be adjusted with JFC, through JSF, owning 60 percent of joint venture while VTI will own 40 percent.

The number of shares to be sold at the time of the IPO and the price per share will be determined by that time based on the capitalization required to significantly grow the business and the fair value of the business.

As part of this agreement, certain financing structures will be changed, affecting the Superfoods Group and its owner-partners.

As a re s u lt of t h i s transaction, JFC will include the Superfoods Group in its financial consolidation. JSF will also provide a $30-million loan to its partner, VTI. JFC operates the largest food service network in the Philippines. As of Oct. 31, 2016, it operated 2,565 restaurant outlets in the countr y under Jollibee, Chowking, Greenwich, Red

Ribbon, Mang Inasal and Burger King brands.

Abroad, it is operating 671 stores that sell Yonghe King, Hong Zhuang Yuan, San Pin Wang, Dunkin’ Donuts, Jollibee, Red Ribbon, Chowking and Jinja Bar. The JFC Group had a total of 3,236 stores worldwide.

JFC also has a 48-percent interest in joint ventures for 12 Hotpot (China) 16 and 40-percent interest in Smashburger that had 378 outlets, mostly in the United States.

These joint ventures, together with the Superfoods Group’s 200 stores have a total of 594 stores worldwide, which are currently not included in JFC’s consolidated store count.

JFC f u l ly owns and operates Jollibee Vietnam.

There are 80 Jollibee outlets in Vietnam with an annual sales of $25 million and growing by 50 percent in 2016 over 2015.

Together with Superfoods Group, the JFC business has one of the fastest growing consumer business in Vietnam.

Fixed line, enterprise businesses buoy up PLDT revenues BUCKING global trends, PLDT’s consumer fixed line and enterprise businesses are driving revenue growth for the country’s leading telecoms service provider as its mobile phone business transitions from voice and text messaging to data and digital services.

PLDT service revenues from the fixed line business increased by 7% to P46.8 billion in the first nine months of the year compared to the previous year, amid strong growth in its home and enterprise businesses, while most telcos around the world have been posting declines in their fixed line units.

“The battleground has shifted from wireless to fixed. And that plays to our strength because we have

7

CorporateWorld

the most extensive fixed network infrastructure. We are for example aggressively bringing fiber to the home (FTTH), which today can already reach 2.5 million homes in different parts of t he count r y,” PLDT Chairman and CEO Manuel V. Pangilinan said.

Last week, PLDT reported that its consumer fixed line business unit, PLDT Home, generated Php 24.5 billion in revenues in the first nine months of this year, up 9 percent from the same period last year.

Similarly, its Enterprise Business unit grew revenues by 10 percent to Php 24.4 billion. This is in stark contrast to many countries where the fixed line business is eit her st ag nat ing or declining.

“We are building on the significant competitive advantages that these two business units enjoy. PLDT Home is already far ahead in the deployment of fixed line networks, particularly in fiber-to-the-home (FTTH), which is the cutting-edge technology for fixed line services. But we are not stopping there. We are speeding up the deployment of FTTH in more areas of the country,” said PLDT Chief Revenue Officer Ernesto R. Alberto.

“Our Enterprise Group, on the other hand, has established extensive partnerships among the country’s leading companies.

We are intensifying our efforts to serve both large and small businesses through innovative digital solutions

that boost their productivity and competitiveness,” he added.

In both cases, revenues are growing on the back of data services and digital solutions.For PLDT Home, data connectivity revenues rose 11 percent while digital services (for entertainment and home security) jumped 25 percent. In the case of the Enterprise Group, corporate data, enterprise wireless and ICT services all grew at double-digit rates – 15%, 15% and 12%, respectively.

“These businesses have stayed on the growth path despite stiff competition because these had already made the difficult transition from relying on traditional revenue sources like voice toll services to data connectivity pldt/PAGE 10

RESORTS, HOTEL & RESTAURANTS DIRECTORIES

A PUBLIC SERVICE BY:

Algen’s Dive Resort (088) 3872015

Pryce Plaza Hotel 8583131 Fax: 726687

Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497 0917-7144040 / 0923-3269366 / 0939-9076948

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

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

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Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843 Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790

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Mapawa Natures Park 8584402 Fax: 725265

Thai Me Up 738424/3108424 Fax: 738424

Mallberry Suites 8541999 / 7249999 Fax: 8544999

Barkadahan Grill 8551234

Maxandrea Hotel 8572244/729943 Fax: 724090

La Tegola Cucina Italiana 8585959

Miami Inn 8581901 to 02 Fax: 725279/728486 N Hotel (088) 8801924 Paras Beach Resort 8568563 Fax: 8568563 Philtown Hotel 726295 / 8564402 Fax: 723104 CDO-based acapella-human beatbox group Harmonic Voice perform during the 3rd Regional Organic Fair last Sunday (November 20, 2016) at SM City Cagayan De Oro. PHOTO BY Mark Doña Francisco

Seda Centrio Hotel 3238888 / 0917-577-5910

limketkai luxe hotel 8800000 Dear manok 8564914 / 8573413 LIMKETKAI LUXE HOTEL Landline: (088) 880-0000, Mobile: 0917-312-4563 Email: info@limketkailuxe.com

8

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tue-wed|november 22-23, 2016

Banking&Finance HSBC ups 2016 growth forecast for PHL

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tuesday|november 22, 2016

B

ANKING giant HSBC hiked its 2016 growth forecast for the Philippines from 6.5 to 6.8 percent, after the higherthan-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 year-to-date 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 the election 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 on “introduces some risks to growth due to the possibility of protectionist policies, but we believe risks to the Philippines are manageable and more limited than elsewhere.”

Major risk from 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 think risks are

mitigated because there is little direct competition with American workers, and President Rodrigo Duterte appears to have struck a more 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.

OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

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METRO BANK- GAISANO 8561720

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091

Former 1-CARE Party List Representative and Bukidnon II Electric Cooperative Inc. (BUSECO) General Manager Edgardo R. Masongsong has been elected as the new administrator of the National Electrification Administration (NEA) . Masongsong took his oath of office before Department of Energy Secretary Alfonso G. Cusi at the DOE Head Office at Taguig City, Metro Manila last 18 November 2016. (Photo supplied)

Banks’ real estate exposure rises as credit demand remains strong BANKS LENT OUT more funds to the volatile real estate sector by a fifth during the third quarter, marked by increases for both consumers and property developers, preliminary central bank data showed.

Real estate loans granted by local banks grew to P1.191 trillion at end-September, up by 19.2% from the P999.46 billion handed out during the same period last year, data on the central bank’s Web site showed. This is a tad slower than the 19.8% climb posted during the previous quarter, which saw total credits hit P1.138 trillion.

The property loans make up 19.4% of the banks’ total loan portfolio, which stood at P6.145 trillion at endSeptember. Under the rules imposed by the Bangko Sentral ng Pilipinas (BSP),

banks can allot a maximum of 20% of their total loan portfolio for real property lending.

Some 75% of the total borrowings went to commercial players and developers totalling P893.77 billion, 18.8% higher than the P752.17-billion loans they secured during the same period in 2015.

Loans extended to land developers and construction firms reached P477.88 billion, with 40% allotted for building residential units at P191.98 billion or 14.3% higher than the P167.94 billion incurred in September 2015.

Lending to construct office buildings and condominiums also rose by 20.7% to P31.77 bi l l i on a g ai ns t P 2 6 . 3 3 billion borrowed a year ago, according to BSP data.

Other corporate

borrowers also increased the amounts they borrowed for real property by 14.1% to P415.89 billion from P364.65 billion previously.

Meanwhile, funds lent to individual borrowers also posted a 20.4% growth as of end-September, rising to P297.67 billion from the P247.29 billion year-ago level.

Loans for socialized and low-cost housing grew by 7.5% to P65.22 billion, slower than the 8.9% climb posted the previous quarter.

Other residential debt jumped by 24.6% to P232.46 billion, surging from P186.6 billion last year and from P214.19 billion seen at endJune.

Prices of residential units went up by 11.3% during the April-June period, outpacing the 9.4% pace clocked in during the first quarter to

log the fastest clip in over a year, based on the results of the BSP’s residential real estate price index released in October.

Still, central bank officials said the Philippines is far from seeing a property bubble. BSP Deputy Governor Diwa C. Guinigundo said the double-digit rate should not be alarming, as it simply reflects “solid real gross domestic product growth” and rising employment which drive greater demand for homes.

In a Sept. 30 press briefing, BSP Governor Amando M. Tetangco, Jr. said the Philippines is far from seeing an asset bubble, with increasing demand rather than an oversupply of both residential and commercial space driving up property demand/PAGE 10

CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

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LKK Mall N.Concourse Cdoc 8574149/8575682

PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.

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tuesday|november 22, 2016

Hurst... from page 4

relationship with our Maker.

Then, we can start living His successful and satisfying way.

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

PLDT... from page 7

and digital services,” Alberto pointed out.

Data and broadband services, for example, already account for 59 percent of PLDT’s fixed line revenues, up from 57 percent in the first nine months of 2015.

“Moving forward, we are promoting the increased

adoption of digital services such as entertainment via partnerships with leading content providers like iflix, Fox, Cignal and I WantTv, and e-commerce with Amazon and PayMaya,” said Oscar A. Reyes, Jr., PLDT FVP and Head of Home Operations.

As part of this thrust, PLDT has launched more affordable and power data plans such as the Plan 1899 for the Home Fibr service which offers speeds of up to 50 Mbps.

PLDT’s mobile phone businesses are still making that transition. In the first nine months of 2016, the share of data and digital services in total revenues of Smart and Sun rose to 30 percent, up from 23 percent in the prior year.

However, SMS and voice revenues declined due to stiff competition and the ongoing consumer shift to databased messaging services.

As a result, mobile phone

DEED OF EXTRA-JUDICIAL SETTLEMENT AND PARTITION OF THE ESTATE OF MELECIO DIONEDA DICHE, SR. WITH WAIVER OF ALL HEIRS IN FAVOR OF ELPEDIA B. DICHE Know All Men By these Presents: This instrument is made and entered among the wife and children of the exclusive compulsory heirs of MELECIO DIONEDA DICHE, SR., namely: ELEDIA BALDEJUEZA DICHE, of legal age, Filipino, wife and window of the decedent and a resident of Zone 12 NHA Molugan, El Salvador City, Misamis Oriental.

MARIA ELENA DICHE MARIANO, of legal age, Filipino, married and a resident of Zone 12 NHA, Molugan, El Salvador City, Misamis Oriental; AND MELECIO BALDEHUEZA DICHE, JR., of legal age, Filipino, married and a resident of Zone 12 NHA, Molugan, El Salvador City, Misamis Oriental; WITNESSETH: WHEREAS, Melecio D. Diche, Sr. and Elpedia B. Diche were married on June 15, 1960 at Tagkawayan, Quezon; WHEREAS, on August 17, 2011, MELECIO DIONEDA DICHE, SR. died in Sabal Hospital, Velez Street, Cagayan de Oro City; WHEREAS, MELECIO DIONEDA DICHE, SR died intestate with no will and left no payable debts. And upon his death he left conjugal estates comprising of one (1) parcel of real property located in Zone 12 NHA Molugan, El Salvador City, Misamis Oriental, Philippines, particularly described as follows: TRANSFER CERTIFICATE OF TITLE NO No. T-45505 “Lot Portion of the lot As surveyed for Land Use Location Bounderies

: 1, Block 3, Psd-10-046083 : 3, Pcs-10-000327 : MOLUGAN LANDLESS ASSOCIATION, INC. : Residential : Brgy. Molugan, Mun. of El Salvador, Prov. Of Mis. Or. : NW., 1-2 by lot 2, Block 3, Psd-10-046083 NE., 2-3-4 by road lot 2, (8.00 m. wide) Psd-10-046083 SE., 4-5 by lot 4, Pcs-10-000327 SW., 5-1 by lot 3, Block 3, Psd-10-046083”

WHEREAS, the above-named wife and children are the exclusive and only compulsory heirs of Melecio D. Diche, Sr. and they hereby agree to adjudicate and partition among themselves, as they have adjudicated to themselves the above-described parcel of land in accordance with Section 1, Rule 74 of the 1997 Revised Rules of Court of the Philippines.

WHEREAS, the compulsory heirs Melecio D. Diche , Sr., namely: Maria Elena Diche Mariano and Melecio B. Diche, Jr. hereby voluntarily WAIVE and ASSIGN all their respective proportionate or aliquot shares and interests of the estate of the whole parcel of land including the free portions thereof and all improvements found thereon in favor of their mother.

WHEREAS, in view of the aforesaid waiver and assignment, herein Elpedia B. Diche by virtue of this instrument hereby accepts the favor given and rendered her co-compulsory heirs.

WHEREAS, with the waiver of Maria Elena Diche Mariano and Melecio B. Diche, Jr. in favor of their mother ELEPEDIA B. DICHE, the latter herby adjudicates to herself the whole property with all the improvements found thereon, free from liens and encumbrances.

WHEREAS, the parties hereby undertake to comply and register the above-described property in accordance and in consonance with Act No. 496 as well as of the Land Registratio Act, Articles No. 1621 and 1623 of the Civil Code of the Philippines and Rule 74 of the 1997 Revised Rules of Court of the Philippines and to publish the same in a newspaper of general circulation in accordance with the Rules.

Doc. No. 159 Page No. 32 Book No. 04 Series of 2016

(Sgd.) Atty. Pepito G. Cadavos Notary Public

BWM: Nov. 23, 30 & Dec. 7, 2016

revenues of Smart and Sun declined 5 percent to Php 58.4 billion.

Further growth in PLDT Home and Enterprise is now being supported by PLDT’s expanded digital infrastructure. PLDT now has over 140,000 kilometers of fiber optic cables, the most extensive fiber network in the country.

As a result, the company’s PLDT Home Fiber service now passes 2.5 million homes in about 3,000 locations in different parts of the country.

These include areas such as the cities of Laoag, Baguio and Tuguegarao in the far North down to the cities of Davao, General Santos, Koronadal and Zamboanga in the deep South.

In the case of the Enterprise Group, it has bolstered its advantage in providing cloud-based digital solutions to companies by building nine data centers in different parts of the country. By mid-2017, PLDT will have 10 data centers with a total rack capacity of over 9,000 racks – the largest data center network in the country.

“The continued growth of the Enterprise Business has largely been driven by our people. We started our transformation journey over four years ago, moving beyond just telco services to enterprise solutions,” PLDT FVP and Head of Enterprise

Jovy Hernandez said.

“We aspire to be a true partner to our customers enabling their businesses with rele vant s olutions - rather than just mere suppliers of bandwidth and pipes. It’s a business of trust and at the center of that are the relationships we’ve nurtured over the years enabled not only by technology but by our people,” he added. (PNA)

KIVA... from page 6

As part of its monthlong celebration for its loyal and tenured customers in September, Globe enabled its prepaid and postpaid customers to support 917 micro-enterprises through a Kiva gift card worth US$25.

The beneficiaries in the agriculture, farming, retail and food industries can, in turn, use the amount to scale their businesses.

To welcome the monthlong Yuletide season, Globe customers can still continue making a difference in the lives of others by making a donation via Kiva. There are 3 ways: (1) converting Globe Reward Points into Kiva donations, (2) donating via GCash, or (3) by texting Kiva to 2158-Kiva to avail a Kiva Card, a gift card that can be used to choose a beneficiary.

“The best gift that anyone can give this Christmas is a gift that keeps on giving, and

we at Globe are encouraging our customers to create a Globe of good by harnessing our partnership with Kiva.

Through their donations, they can empower and boost livelihood and employment opportunities which can have a positive impact to many today and in the future,” says Yoly Crisanto, Chief Sustainability Officer at Globe.

The c o m p a n y ’s partnership with Kiva follows its commitment to 9 of the 17 UN Sustainable Development Goals, specifically SDG 17: Partnership for the Goals— knowing that sustainability is possible only through collaboration with relevant organizations. Ultimately, this allows Globe to enable Filipino entrepreneurship and instigate job creation, contributing towards SDG 8: Decent Work and Economic Growth.

Demand... from page 9

prices.

In particular, the central bank chief pointed to a change in lifestyles that saw some workers buying condominiums near Metro Manila business districts to serve as their homes during weekdays, alongside continued demand for office space with the booming business process outsourcing industry.

An asset bubble forms due to a perceived rising demand in housing units that drive developers to build more, and is said to “burst” as demand stagnates, which will lead to an abrupt drop in property prices.

There remains an estimated 5.7-million backlog for lowcost homes in the Philippines, according to officials from the National Housing Mortgage Finance Corp.

11

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tue-wed|november 22-23, 2016

Program... from page 1

the Tech-Voc Educational Institutions (T VEIs) in partnership with companies and educational institutions.

The academia, however, expressed concern since it would entail an addition 13 percent cost on the part of the school that would bring the TVEI program to the village level.

“Not s o fast on the planned barangay-based vocational training,” Dr. Irene L. Floro, chair of the influential association of TVEIs in Mindanao, said.

During a consultation with the business sector last week, Floro admitted that some TVEIs lack the equipment they need to be at par with the demands of the industry both here and abroad.

In response, the TESDA presented 13 program options for the business sector to decide on the training module in line with the Barangay Kasanayan Para sa Kabuhayan program.

In a recent visit here, TESDA Director-General Guiling Mamondiong said that these were communitybased training program, employment facilitation/jobs bridging, career guidance, advocacy and promotion, programs for basic sectors, recognition of partners and tech-voc graduates.

The program was also into enterprise-based training, assessment and certification, scholarship/training subsidy/ co-management arrangement for skills training.

Mamondiong said that the TVET planning and research, curriculum

and t r aini ng mater i a ls d e v e l opm e nt , t r a i n e r’s development, promotion of green technology and technology research were also part of the training module.

(PNA)

Invest... from page 1

General Charito Plaza,, said Alif committed to invest as much as US$1 billion for a palm tree plantation and oil refinery in Agusan Del Sur. She said Alif wants to plant palm trees in as much as 128,000 hectares of land in the province, covering three areas including municipalities of Rosario, Esperanza, and Bunawan.

“Actually, the company has been wanting to invest here since five years ago but it doesn’t know where to go until it learned about PEZA,” Plaza said in an interview.

Plaza said she will go to Malaysia next month to meet the executives of Alif.

“The company would want me to see their refinery of palm oil and plantations and to have a talk with the Philippine government on how we can help one another to realize a and implement fast this [investment opportunity],” she further said.

Alif currently has oil palm plantations in Palawan, Agusan del Norte, and North Cotabato.

It was earlier reported that Alif is also eyeing a 10,000-hectare oil palm plantation in Malungon, Sarangani.

Muhammad Kamarul Os man, t he c omp any’s president, met with Malungon Mayor Maria Theresa

C onstantino in August to convey his company’s intention to expand its palm oil plantation in Malungon town.

As a response, Constantino ordered concerned local government offices to assist the company in looking for areas within the locality that could be leased to Alif Agro.

Supply... from page 1

Cotabato province.

Emmanuel Bartocillo, president of the Region 12 Mango Industry Development Council Inc. (RMIDC-12), said Tuesday negotiations are underway for the delivery of mango supplies by local mango growers to processing plants in the area of the SeaBest Food and Beverage Corporation (SFBC) and the Truly Natural Food Corporation (TNFC).

He said the move is an offshoot of a recent market-matching activity facilitated by the Agribusiness and Marketing Assistance Division of the Department of Agriculture (DA) in Region 12.

“We initially presented proposals for market deals and they showed interest to venture with us,” Bartocillo said.

SFBC, which is based in Barangay Silway 7 in Polomolok town in South Cotabato, produces processed dried fruits, juice drinks.

It produces bottled water that is marketed under the brand name “Pearl.” Its main plant is located in Barangay Pagalungan, Polomolok The company, a wholly owned subsidiary of the RD Corporation here, exports

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City

UPON Extra-Judicial Petition for Sale under Act No. 3135 as amended by Act No. 4118, filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG Fund) as Mortgagee/s, against EVELYN A. JAVIER married to JESUS I. JAVIER as Mortgago/.s, with postal address at Block 2, Lot 41, Phase 3, Pag-IBIG Citi Homes, Malanang, Opol, Misamis Oriental, to satisfy the mortgage indebtedness which as of August 26, 2016 amounts to THREE HUNDRED SIXTY THREE THOUSAND SIX HUNDRED SIXTY SIX PESOS and 87/100 (Ph363,666.87) inclusive of interests and penalty, charges, and expenses of foreclosure, the undersigned Sheriff will sell at public auction on December 8, 2016 at 10:00am to 4:00pm, at the Office of the Clerk of Court, Regional Trial Court, City Tourism Hall, Cagayan de Oro City, to the highest bidder, for CASH or Manager’s Check and in Philippine Currency, the following property described below including all existing improvements found thereon;

Upon Extra-Judicial Petition for Sale under Act 3135 as amended, filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG Fund) with branch office at Pag-IBIG Fund Bldg., J.R. Borja St., Cagayan de Oro City, against ELLAN F. BUNA, with postal address c/o at Seablings Restaurant, Opol, Misamis Oriental, to satisfy the mortgage indebtedness which as of August 22, 2016, amounts to FOUR HUNDRED NINE THOUSAND FIVE HUNDRED ONE PESOS & 35/100 (P409,501.35) Philippine Currency, as mortgagor’s total indebtedness inclusive of interest and penalty charges, excluding other necessary fees and expenses of Extra-Judicial Foreclosure and Sale, the undersigned Sheriff-in-charge will SELL at Public Auction on DECEMBER 12, 2016 at 10:00 o’clock in the morning or soon thereafter, at the Tourism Hall, City Hall Compound, Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the real property mortgaged together with all existing and future improvements thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. 136-2013001010 Registered in the name of ELLAN F. BUNA

A CERTAIN LAND situated in Malanang, Opol, Misamis Oriental, Lot 41, Block 2, PCS-10-004225, Consolidated Subdivision xxx, with an area of Ninety Five (95) sq.m., more of less, including all improvements found thereon.

All sealed bids must be submitted to the undersigned on the above stated time and date.

In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.

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

DONE this 26th day of October, 2016, in the City of Cagayan de Oro.

BWM: Nov. 9, 16 & 23, 2016

(Sgd.) ENRIQUE M. TALAG, JR Sheriff IV

‘’A PARCEL OF LAND (Lot 12, Block 9, PSD-10-059077, being a portion of Lot 2, PCS-10-003972).Situated in the Barrio of Malanang, Municipality of Opol, Province of Misamis Oriental, Island of Mindanao.

Bounded on the x x x. Beginning at x x x; containing an area of One Hundred Ten (110) Square meters, more or less’’ Prospective Buyers/Bidders may investigate for themselves the title herein above described and encumbrance thereof, if any there be.

In case December 12, 2016 will be declared holiday or non-working day, the Public Auction Sale shall be held on December 16, 2016 without further notice, publication and posting.

Cagayan de Oro City, November 7, 2016.

OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF AUCTION SALE EJF File No. 2016-494 Upon extra-judicial petition for sale under Act 3135 as amended, filed by NATIONAL HOME MORTGAGE FINANCE CORPORATION (NHMFC), Mortgagee, with postal address at 104 Amorsolo Street, Legaspi Village, Makati City, against DIVINA VARIAS SABAL, Mortgagor, married to RUSTOM MACABECHA SABAL, with address at Lot 4, Block 18, PN Roa Low Cost Housing Project, Barra, Opol, Misamis Oriental,/Barra, Macabalan, Cagayan de Oro City, to satisfy the mortgaged indebtedness which as of March 31, 2016, amounts to FOUR HUNDRED FORTY TWO THOUSAND FOUR HUNDRED THIRTY THREE PESOS & 82/100 (P442,433.82) as outstanding balance, interest, exclusive of penalty plus other expenses of foreclosure proceedings, the undersigned Sheriff will sell at public auction on December 22, 2016, at 10:00 o’clock in the morning or soon thereafter at Regional Trial Court Branch 25, temporarily holding office at the City Tourism Hall, City Hall Compound, Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the property mentioned in the said mortgage which is described as follows: TRANSFER CERTIFICATE OF TITLE NO. T-16275

‘’ A PARCEL OF LAND (Lot 4, Block 18, Psd-10-020903, Being a portion of Lot 5237, Cad-237, Cagayan Cadastre) Situated in the Barrio of Barra, Municipality of Opol, Province of Misamis Oriental, Island of Mindanao. BounDed on the NE., along line 1-2 by Lot 6., on the SE., Along line 2-3 by Road Lot 17., (6.50 m. wide); xxx.’’

Including all improvements existing thereon, containing An area of ONE HUNDRED (100) SQUARE METERS, more or Less. Registered in the name of DIVINA VARIAS SABAL, Married to RUSTOM MACABECHA SABAL.’’

All sealed bids must be submitted to the undersigned on the abovestated date, time and place.

In the event the public auction should not take place on December 22, 2016, for whatever reason, the same will proceed on the following day, without further notice, posting and publication.

Prospective buyers/bidders may investigate for themselves the title of the herein above-described property and encumbrances thereon, if any there be.

Cagayan de Oro City, November 15, 2016.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF By:

BWM: Nov. 9, 16 & 23, 2016

(Sgd.) JOSEPH C. MAAGAD Sheriff IV

supply and demand. Though the International Energy Agency credits the US with the biggest production of natural gas in 2013 (at 689 billion m3), Russia has the largest proven natural gas reserves to date at 48.7 trillion m3. This is followed by Iran, Qatar and Turkmenistan – all in the Eurasian zone. US comes in at a distant fifth, with total stock of just around 9.86 trillion m3. This is where the Russian government-owned natural gas giant Gazprom exerts its significant role.

With present challenges in oil production and trade with the Saudi-led OPEC, the world’s natural gas consortiums are looking at more exciting times ahead. In worldwide LNG trade, Syria with its borders facing the Mediterranean, is a lucrative European trade exit route. With regional plans to build an LNG pipeline all the way to the Mediterranean shore through Syria, it’s no wonder why Syria found itself in the midst of its present mess, further enlivened by the drama of the ISIS. A declining OPEC influence is a huge petrodollar blow indeed.

And apparently, the recent dramatic oil price collapse as instigated by Saudi (still a major US “ally” at the moment), driving oil prices to historic lows, is a move to destabilize the oil and gas economics of Iran (Saudi’s major oil competitor with the second largest natural gas reserve) and Russia (another major oil producer with the world’s largest natural gas reserves).

Is the ongoing proxy war at Syria among the last of the petrodollar’s death throes?

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 25 Cagayan de Oro City

from page 4 Central Bank. It was seen to compete with the Western central banking system – and was a direct threat to the global reserve status of

NOTICE OF EXTRA-JUDICIAL SALE File No. EJF-2016-463

TCT No/s. T-136-2013000832

the US dollar. Was this the main reason behind the NATO-led military initiative in Libya which led to the death of Muammar Gaddafi in 2011?

Several countries are arranging bilateral trade agreements aimed at directly circumventing the US dollar, with most coming from the BRICS bloc. As of early this year, Russia and China have agreed to increase to $200 billion its bilateral trade by 2020.

Economic cooperation between China and the Eurasian Economic Union is also on the drawing board.

Japan and China are also on talks to promote direct trading of yen and yuan and bypassing the US dollar, which is expected to reduce currency-related risks and costs of trading.

Because of its complicated relations with the US, Iran has long been attempting to adopt the euro or other local currencies for its exports, including oil. In February 2008, it opened the Iranian Oil Bourse at Kish intended to trade petrochemicals in various currencies other than the US dollar – primarily the Iranian rial and the euro. In early 2014, Iran and Russia were on talks for an oil-for-goods deal worth up to $20 billion. Iran and India have also worked towards an agreement to allow oil payment in rupees.

Most recently in February 2016, after sanctions have been lifted and its SWIFT bank transactions have been reconnected, Iran has again declared intent to sell its oil in euros, not US dollars.

Natural gas (methane), especially its easily transportable liquefied form LNG, is fast becoming a major player in global energy

Agcopra...

Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF

OFFICE OF THE REGIONAL TRIAL COURT SHERIFF NOTICE OF EXTRA JUDICIAL SALE EJF File No. 2016-487

bottled water to Papua New Guinea, Cambodia and other countries in Asia.

TNFC also produces processed fruits and juice drinks for domestic and export markets through its plant based in Barangay Glamang, Polomolok.

The company’s products carry the “Sweet Valley” brand.

Aside f rom t he two companies, Bartocillo said they are also eyeing to seal supply and marketing deals with several companies.

He said DA-12 signified to facilitate more marketmatching activities and include more local mango growers in its trial export program.

L a s t y e a r, DA- 1 2 facilitated the shipment to Dubai of around two tons of carabao mangoes produced by RMIDC-12 members based in Tulunan, North Cotabato.

Region 12 is currently the country’s fifth biggest pro ducer and exp or ter of mangoes, according to the Philippine Statistics Authority.

In 2015, the region’s mango production reached 58,595 metric tons as the area’s mango plantations expanded to 17,000 hectares.

With the continuing production expansions in the region, Bartocillo added that they are hoping become the country’s top producer and exporter of mangoes by 2019. (MindaNews)

FOR THE EX-OFFICIO PROVINCIAL SHERIFF:

(Sgd.) LOVE M. VERDADERO Sheriff IV

BWM: Nov. 23, 30 & Dec.7, 2016

BusinessWeek MINDANAO www.businessweekmindanao.com

Lifestyle

Tue-Wed | November 22-23, 2016

12

The Night Stalker

Seda Centrio Christmas Tree Lighting spreads Yule cheer

I

t was nice of Seda Centrio to invite us for its Christmas Tree Lighting program last Friday, 18 November at their hotel lobby.

ABS-CBN Pamahaw Espesyal Host Nicole Abas-Datayan was our master of ceremonies for

the evening hosted by Seda Centrio Hotel Manager Armand Angeles, Chef Malek El Safidi, and Carol

The Corpus Christi School Children’s Choir

Valdez with the special participation of the Corpus Christi School Choir, which is really a nice touch, with the Christmas carols bringing back memories of Happy Yuletides past.

I came with CDO Bloggers Ruby, Jacq, Em, Phebie and Tom Udasco of CDODev.Com. I saw Tourism RD Butch Chan, Ms. Cagayan de Oro Sherlyn Doloriel and Ms. CDO Organizer Gean Tulang-Cesar, COTTA President Jules Baril with his officers, and of course, one of the early birds, Ms. Cathy “Caday” Tan, who is Iligan City’s Perennial Ms. Tourism. Happy to see you again!

Chef Malek prepared a fantastic spread of gourmet delights which he said

would bring us all over the world. There were four salads to get this going: Waldorf Salad, Thai Beef Salad, Tabouleh and Baba Ghanouge. For the main course we enjoyed Saj rolls, Shrimp Curry, Potato Croquette, Bacon Wrap and Roast Pork Liempo, which is unlike any liempo I’ve tasted and is deliriously delicious! Daghang salamat Chef!

After some entertainment and the grand food sampling, we were off to the Misto Lounge which was cleared for the occasion. Manager Armand, RD Butch and Sherlyn Doloriel did the honors of lighting up the Christmas Tree after which the CCS Choir regaled us with their Christmas

Chef Malek with CDO Bloggers Phebie Normandia, Jacq Agbon, Em Cortez & Ruby Caberte

carols.

Incidentally, the inspired Christmas decors were done by Seda Centrio’s Housekeeping Department.

Fantastic job guys!

Altogether a very enjoyable evening with

good friends, great food and the Yuletide ambience that one can only find in Seda Centrio. Thank you friends, let’s do that again next Christmas!

Malipayong Pasko sa tanan!