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Briefly Exchange caravan BUTUAN City -- The Bangko Sentral ng Pilipinas (BSP)Butuan City will spearhead the Coin Exchange Caravan on December 20, 2017 at Robinsons Place, this city. Glizriel Rose Zarate, senior research specialist of BSP-Butuan City encouraged all government agencies and partner stakeholders to support and participate in the said event. Zarate further called on the public to gather and prepare all their coins and bring it to them during the coin exchange caravan, in exchange of crisp brand new banknotes. “We encourage the general public to bring their coins during the coin exchange caravan and we will exchange it with new banknotes,” she said.

Alternative party INSTEAD of the traditional classroom Christmas party, public schools in the region have been encouraged to hold community outreach, especially for displaced residents of Marawi City. Allan Farnazo, Department of Education (DepEd-10) director, said public schools should try to opt for an “alternative Christmas celebration” where students, their parents and teachers are to conduct an outreach for Marawi children whose families are temporarily seeking temporary shelter across the region. In a memorandum issued to all school divisions, Farnazo said it is time to break away from the usual classroom parties, in which students would exchange gifts to celebrate the spirit of the Yuletide season.

IN-DEPTH

Foreign investments hit P408.7B as of Q3 www.businessweekmindanao.com

As of 5:40 pm November 28, 2017 (tuesday)

YOUR Mindanao-wide BUSINESS paper

Wednesday | November 29, 2017

P15.00

By ANTONIO L. COLINA IV, MindaNews

PPROVED private investments in the country reached P408.7 billion from January to October this year, or 38.1-percent higher compared to P296 billion for the same period last year. In a press briefing Monday at the Presidential Guest House in Davao City, Presidential Spokesperson Harry Roque reported that these fresh investments came from 369 projects by the Board of Investments

(BOI), which increased by 30 percent compared to 283 projects approved for the same period last year. Roque said the increase in the number foreign/PAGE 11 Banana stakeholders claim regulating agri venture agreements (AVAs) could drag down the sector and affects employment in Mindanao.

Banana industry warns regulation of contracts could affect employment By CARMELITO Q. FRANCISCO, Correspondent

DAVAO CITY — The banana industry said a proposal to regulate agribusiness venture agreements (AVAs) will cause the sector to decline and affect employment in Mindanao,

the key growing area for the export commodity. Stephen A. Antig, executive director of the Pilipino Banana Growers regulation/PAGE 11

PH on track to achieve target growth: Roque DAVAO City -- Presidential spokesperson S ecretar y Harry Roque has remained optimistic about the country’s economic performance and forecasting growth will happen from all indications. In a press briefing at the

Presidential Guesthouse in Panacan here on Monday, Roque said Moody’s Services already predicted that the Philippine economy would grow by 6.57 percent, which is within the target growth achieve/PAGE 11

HANGING BRIDGE. An islet in the anti-mining town of Bacuag in Surigao del Norte has become the latest tourist attraction in the province after the local government unit installed a hanging bridge that connects the mainland to the islet. Visitors can enjoy zip lines and water sports amenities. The islet is part of a marine sanctuary. mindanews photo by roel n. catoto

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Economy

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wednesday|november 29, 2017

DA turns over packing houses to Davao del Norte farmers

AVAO City -Small banana growers in Davao del Norte now make it big in the international market. This developed after the regional office of the Department of Agriculture (DA 11) turned over standard packing houses to banana farmer associations in the province. The facility aims to enable small banana farmers to meet the phytosanitary standards required by international markets. Among those who received the rehabilitated packing

houses were Joselito Rabino of Brgy. Kimamon, Sto. Tomas worth P1.6 million; Rolly Rada Sr. of Sampao, Kapalong worth P1.6 million, and Paul Jeffrey Cabasa of La Libertad, Sto. Tomas worth P1.7 million. Recipients of the new standard, clustered packing houses were Rey Bayoneta of Semong, Kapalong worth P2.7 million; Davao Free Farmers MultiPurpose Cooperative (DFFMPC) in Brgy. Bobongon Sto. Tomas, worth P2.6 million, and Kinsan MultiPurpose Cooperative of

Kinamayan, Sto. Tomas worth P2.5 million. DA-High Value Crop Development Program (HVCDP) coordinator Melani Provido said the Mindanao Banana Farmers and Exporters Association Inc. (MBFEA) had chosen the recipients who are also their members. “DA is pleased to partner with MBFEA in extending assistance to the small banana farmers in the region. These [packinghouses] will boost the banana industry in Davao region to produce good quality bananas for export,” Provido added. For the industry

to take advantage of the ASEAN economic integration, Provido said stakeholders must consider three factors: promote competitiveness through improved quality of bananas, higher productivity, and strong organization among stakeholders. Recalling the rejection of China on the Philippine produced banana, Provido said, “We will see to it that we can produce good quality bananas especially exporting to China. Having these standard packing houses will

help us meet the standard maximum residue level (MRL) as required by other countries.” Provido added that DA is committed to support the banana industry since this is the dollar earner commodity in the region. Eusebia Delos Reyes, former MBFEA president, urged the beneficiaries to work hand in hand with DA to provide quality bananas. She also advised them to allow small banana farmers to use the packing houses. “Let us also show

to the DA that we can upgrade the quality of our bananas and we truly deserve the project they have turned over,” Delos Reyes said. Sab Alquino Sr., chair of DFFMPC, considered the project as a “miracle” from heaven. He assured that they would take good care of the project and they would be forever grateful to DA. “You give us [small banana farmers] hope. We will take good care of this project and pass it on to the next generation,” Alquino said. (Cherry Mae Palicte/PNA)

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NFA Bukidnon supports PhilMaize advocacy on Rice-Corn Blend selling in Philippine markets. As NFA continues to be at the forefront in grains distribution, it will also help distribute into markets the new rice-corn blend which is in full support to the government’s thrust on food security. (Maria Socorro S. Mellomida/NFA Bukidnon)

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3 Century Properties Group forays into leisure, tourism Liberalization of telecoms to bring higher charges Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|november 29, 2017

REAL estate developer Century Properties Group (CPG) is developing a 54-hectare property into an art park and retirement community in Nasugbu, Batangas, as it forays into the leisure and tourism sector. The Batulao Artscapes, dubbed as the world’s first livable art park and “artventure” community, is situated in a 142-hectare lot near the foothills of Mount Batulao. It covers the first phase of the mixed tourism development with an active retirement village component. “Our vision is to create a design-driven community that celebrates art and adventure in an expansive natural landscape. The launch of this spectacular development also affirms CPG’s commitment to pursuing its strategic business plan of diversification into allied real estate segments including leisure and tourism,” CPG head of investor relations Kristina Garcia said. Batulao Artscapes showcases a fine collection of livable art – exceptional designer homes with total sales value of Php19 billion and created by some of the most revered names in

CorporateWorld

architecture and design. As the project targets active retirees, special assistance to secure a Special Resident Retiree’s Visa (SRRV) for foreign nationals and former Filipino citizens will be offered, while the public amenities of the development aim to attract art and design enthusiasts and weekend adventure century/PAGE 11

Would you like to make the holidays extra memorable? Every P3,000 single-receipt purchase using your Philippine-issued Mastercard gets you a chance to win a P100,000 shopping spree at The SM Store! SM Advantage, SM Prestige, MOM, Primo, SSI, and Love Your Body cardholders get double raffle entries. Promo runs from October 1 to December 31, 2017. Visit The SM Store CDO Downtown Premier Today!

Bayan Muna says telecoms industry should be nationalized

HE Duterte administration’s call for “immediate steps to ease foreign investment limits” in the country “will only open up the Philippine economy to further

foreign strangle and unjust control, particularly the basic and strategic industries, like telecommunications, infrastructure, health and media.” “Pres. Duterte’s

statement is now a signal for Congress to rush up the passage of Resolution of Both Houses No. 8 or Charter Change, now unmasked as nothing but mainly to allow foreign ownership of business’ in the country. On the other hand, recently the House also passed on third reading House Bills 6557 and 6558, all designed to liberalize the telecommunications sector,” said Rep. Carlos Isagani Zarate (Party List, Bayan Muna). “Also passed in early September by a 1358 vote, House Bill No. 5828 that would amend Commonwealth Act No. 146 (the Public Service Act) which limits the definition of “public utility” to three (3) types of business : water distribution, sewerage and power transmission,” he said. “We voted NO to these bills, because we believe that further liberalization of the telecommunications sector among other strategic services will not result to better services for our people even if China,

Malacanang’s preferred investor, or, other countries enter the sector,” added Zarate. “Moreover, Bayan Muna also believes that government’s role in a utility imbued with public interests like telecommunications should not only be limited to oversight, but instead of a more active participation and control,” he added. Internet service in the Philippines is one of the worst in the world -seventh slowest, besting only the likes of Iraq, Afghanistan and Ethiopia. It is also one of the most expensive in the world based on man-hours per unit of data. However, Bayan Muna believes history has proven that opening it up to new players will not play into the favor of our consumers. “Liberalization and privatization failed to deliver the promised efficient, affordable and good services for our people. Our power industry, for instance, was telecoms/PAGE 10

Opinion

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wednesday|november 29, 2017

Right to disconnect

HOTLINE Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

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Ruffy magbanua HOW would you like to be “disconnected” for a while, away from the hustle and bustle of digital-driven social life? A civil society group, t he Cr us ade for C le an Government, urges Congress to pass a law that will regulate the use of digital gadgets such as mobile phones, internet,

have my say

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The Magic is in the Mix think a minute

jhan tiafau hurst Think a minute…A little boy named Mike was watching his mother bake a cake. She put all the ingredients on the table: flour, butter, sugar, baking powder, eggs, and vanilla. Then when his mother wasn’t looking, little Mike sneaked a taste of each ingredient. But they all tasted bad just by themselves! Then he watched his mother mix all the ingredients together, pour them into a pan and then into the oven to bake. That night after Mike had enjoyed 2 big pieces of the cake, he said: “Wow! How can mixing all those BAD tasting things make such a GOOD cake?” His mother smiled and answered: “Son, the magic is in the mix!” You see, sometimes bad things happen to us; and that thing by itself can be terrible

and painful. We might get discouraged and lose hope because we think it’s hurt or ruined our plans for a good life. Maybe you didn’t get that job you really wanted; or your daughter dropped out of school because she became pregnant. It could be that someone in your family suddenly became very sick. Natu r a l l y w h e n b a d things like this happen to us, it’s very hard for us to imagine that anything good can possibly come out of it. We might continue to blame ourselves or others for causing these bad things to happen. For example, we might keep making our pregnant daughter feel that she’s a failure and loser because that mistake she made has now ruined her life. But friend, if a person is a failure just because they failed, then we’re all failures! We’ve all failed at one time or another. That’s exactly why Jesus Christ came: to forgive and free us from all our past failures and wrongs so we can have a fresh start. But this time we will have His strength and character living in us. So why not make today the first day of your new life? magic/PAGE 11

nots. What is disturbing, as one may notice, is the gradual effect on our health, in particular, on our very eyes, the windows to the soul, so to speak. Symptoms like digital eye strain, including but not limited to eye irritation, fatigue, eye strain, blurry vision, headache, neck and shoulder pains, among others are definitely associated with the excessive use of cellular phones. Further, posture is a big issue associated with mobile phone use as well. Consider this: we spend about two to four hours a day with our necks bent, reading the latest addition to the newsfeed, either on tweets or FBs — that’s nearly 60 pounds worth of pressure being placed

on the cervical spine. This constant neck bend, though it may not bother you now, can lead to chronic pain later in life. Likewise, high cellphone usage also causes increased levels of stress and negative emotions. Constant alerts of messages, e-mails, phone calls and social media notifications can put a serious toll on our mental health, thereby causing stress and sleep disorder. To respond to this digital dilemma, there is now a law in France aptly called the right to disconnect. This new labor law gives workers the “right to disconnect” from e-mails, smartphones and other electronic gadgets. In making this onedisconnect/PAGE 10

Year after year

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face-book, and other related apps. With such instant access to communication and social media apps these days, it appears it’s nearly impossible to set aside man’s modernday BFF (best of friend) – the mobile phones. Try to take a closer look at how we have become digital zombies over time. Anywhere, be it in urban or rural, one can’t start and end the day without cellular phones as digital buddies. Like it or not, mobile phones had practically changed the way we do things, a hi-tech gadget we can’t do without. In short, mobile phones had eventually cornered the very core of our contemporary lifestyles – either you belong to the haves, or to the have-

klaus doring Gift giving and receiving and Christmas simply but surely go together. Many times, it’s incurring our indignation. Only reluctant, many of us defer the most important decision during the most jolliest season of the year. What is the best Christmas gift for our loved ones??? Is it really an important decision, or does it delete the real meaning of Christmas? I am sure, many of us know the real answer. The giving spirit of the holiday season seems to fade in the light of necessary

obligations and finances, along the painful dilemma of giving gifts to those who want to buy for as opposed to those for whom you should buy! Let’s think about it: To whom are we obligated at Christmas: our boss, our cousins, our parents, our par tner or our children and friends as well? What about the children? Should they give presents to people either then family members? How about the innumerable large families especially in the Philippines, because of econi m ics, resor t to name drawing process at Christmas. For me, firstly, Christmas is spirit. You can always f i nd ways to g ive g i f ts w it hout e x p en s e s . T he most well known and always remembered gift is to do to someone like giving time. In my family we do this mostly during the season holidays. But if I look more around,

mmh, sad to say, that “time as gift” doesn’t satisfy most of all.Well, it’s okay. There are so many ways to use your mind in terms of giving someone other things than putting Peso, Euro or Dollar notes. I am sure you know, that home made gifts can be also a very good idea... . Sure, there is etiquette of gift giving at Christmas and also other occasions. Homemade gifts are most appropriate especially as Christmas gifts, according to St u a r t E . Jac obs on, book author of “The Art of Giving”. Allow me to quote Jacobson, “Homemade gifts are wonderful. A gift of imagination, a gift of creativity, a gift, that shows (also!) time was put into it. A created time is a wonderful present.” W hen consider i ng a homemade gift, instead of tumbling through crowded shopping malls (as I tried again yesterday - just 31 days until Christmas!) and

getting a headache (I really got!)! While stumbling from one mall to the next, I found out again, that the real and whole essence of giv ing a gift is to bring pleasure to the person receiving it. Jacobson says in his book, “Homemade g if ts a re also ideal for children to give as presents. Kids can create things because they have unique imagination. Children should feel free to give something to anyone they spend a lot of time with. No monetary value should be placed on what a child should give to someone.” Very well said. I am just afraid, that it seems more or less impossible nowadays in these modern times... . +++ You can email me: doringklaus@gmail.com or follow me in Facebook, LinkedIn or Twitter or visit www. germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com .

Gadon still not ready to prove his case Kakampi mo ang batas

Batas Mauricio LIFE’S INSPIRATIONS: “… An honest witness does not deceive, but a false witness pours out lies…” (Proverbs 4:5, the Holy Bible). -ooo JOMAR CANLAS, “15TH JUSTICE OF THE SUPREME COURT”: News reporter Jomar Canlas is often jokingly referred to as the fifteenth justice of the Philippine Supreme Court by his own colleagues in media, on account of the fact that, on so many occasions, he had been writing about decisions of the tribunal

well in advance of the formal public disclosure of those decisions. B ecause most of his articles on the decisions of the Court that were yet to be published were accurate or nearly-100% accurate, nobody dared to ask him anymore from whom did he get his reports, or on what did he base them on. It has come to pass that almost everyone accepted the accuracy of his articles, even if some of these pertained to private intramurals among the justices of the Court. What was importan, for his newspaper and its readers, and for the Court itself as well, was that what he wrote accurately reflected the ultimate outcome of the decisions in question. Because of this, I wasn’t surprised that he was called to testify at the House of Representatives on the impeachment of Chief Justice Maria Lourdes Aranal Sereno, to clarify one of his articles dealing with her.

-ooo JOMAR’S ARTICLE ON SERENO IS “HEARSAY”: The article had something to do with an alleged confrontation between Sereno and Justice Teresita De Castro, on the issue of alleged tampering of a resolution issued by the tribunal. Lawyer Larry Gadon used this article as one of this many grounds for his impeachment complaint against Sereno, citing Jomar as his source. When Jomar (who is a friend and a compadre of mine) appeared at the Committee on Justice on Monday, November 27, 2017, he was naturally asked about the article. From the questions propounded to him, Jomar was compelled to make the admission that what he wrote was not based on his own personal knowledge, but on what his news sources merely told him. Consequently, it was clear that the article and its contents were hearsay. This

is so because under the law, a witness is mandated to testify only on things he came to know of his own personal knowledge. He cannot testify on the basis of what other people know, for that would be hearsay, and is inadmissible in any litigation proceeding. -ooo GADON, STILL NOT READY TO PROVE HIS CASE: That notwithstanding, there was somehow some benefit that Jomar’s article on the supposed confrontation between Sereno and De Castro has given. Even if the article cannot be used to prove the truth of the confrontation itself, it can nevertheless be used as a basis of a subpoena by the Committee on Justice to subpoena De Castro. Further, the House can also utilize Jomar’s article to subpoena the papers, documents, pleadings or other dispositions made by gadon/PAGE 10

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wednesday|november 29, 2017

Banking&Finance

Estate tax tops proposed tax amnesty program: DOF A NY tax amnesty measure of the Duterte government, eyed for implementation in 2018, will start with estate taxes. Department of Finance (DOF) Secretary Carlos Dominguez III said he agrees with Budget Secretary Benjamin Diokno’s timeline of tax amnesty implementation next year but clarified that “we haven’t discussed it yet”. The proposed tax amnesty program, eyed

to bring in additional revenues for the government, is part of the proposed tax reform program, the first package of which has been approved by the House of Representatives and is still being deliberated by the Senate. Economic managers are confident that the proposed tax reform program will be passed before the end of the year for the tax amnesty measure, among others, to be put in place. Dominguez said they

have calculated how much would be gained from the tax amnesty program but noted that it will be done in tranches. “We haven’t really determined yet but certainly, I think, we will start with the estate taxes,” he said. Finance Undersecretary Antonette Tionko said the proposed estate tax amnesty program needs Congress’ approval even though the Bureau of Internal Revenue (BIR) has some power to give amnesty.

“The BIR is certain that they may need surcharge... Generally, amnesty needs legislation but there are ways to do it administratively,” she said. Tionko added that the proposed amnesty measure gives taxpayers who have pending cases a chance to avail of the program. “There are a lot of taxpayers who can’t pay because the interest is 20 percent per annum... You have to put it in the law that they can avail (of the tax amnesty),” she added. (PNA)

Moody’s upgrades PNB, RCBC ratings DEBT watcher Moody’s Investors Service has upgraded its ratings on the Philippine National Bank (PNB) and Rizal Commercial Banking Corp. (RCBC), citing the government’s ability to help financial institutions if needed and the stable domestic operating environment. In a statement, the debt rater hiked the two banks’ foreign currency deposit ratings from Baa3/P-3 to Baa2/P-2 and both have been given Stable outlooks. PNB’s local currency deposit rating was also upped from Baa3/P-3 to Baa2/P-2 while RCBC’s senior unsecured debt and senior unsecured MTN program rating was raised to Baa2 and (P)Baa2 from Baa3 and (P)Baa3 and the bank’s other short-term rating to (P)P-2 from (P) P-3. The credit rater also hiked the two banks’ baseline credit assessments (BCAs) and adjusted BCAs to baa3 from ba1. Upgrade of PNB’s BCA was due to the improvement of the bank’s financial profile following its merger with Allied Banking Corp. in 2013, it said. Moody’s said PNB’s

asset quality and capital buffers “have become comparable with those of its peers in the Philippines”. “The bank’s high levels of capitalization and loan-loss coverage provide sufficient loss-absorption capacity at its current rating level to withstand moderate asset quality deterioration over the next 12 to 18 months,” it said. In the case of RCBC, upgrade of its BCA “reflects Moody’s assessment that the bank’s standalone profile has become comparable with its peers in the Philippines, as reflected by its solvency and funding metrics”. Moody’s also projects that the bank’s capital buffers will remain in line with its peers “by periodically accessing the equity markets, as it has done in the past”. “RCBC’s BCA also reflects the bank’s smaller branch network, which limits its ability to garner low-cost deposits compared with that of its larger peers in the country. Nevertheless, liquid assets — which represented 32 percent of the bank’s tangible assets at end-2016 — provide support against downside risks,” it said. “The upgrade of PNB

and RCBC’s deposit ratings to Baa2 takes into account the one-notch upgrade of their BCAs to baa3, and a one-notch uplift to reflect Moody’s assumption that the banks will receive support from the Government of the Philippines (Baa2 stable) in times of need,” it said. Improvement of the banks’ BCAs were done after Moody’s cited the stable operating environment for domestic banks because of continued

expansion of the domestic economy and the benign leverage and stable debt servicing rates of the private sector. “Philippine banks exhibit strong funding profiles that are dominated by deposits, and demonstrate little reliance on short-term wholesale funding. These factors are incorporated in Moody’s assessment of the macro profile of the Philippines of Moderate(+),” the statement added. (PNA)

BSP need not mirror Fed decisions: Espenilla THE Bangko Sentral ng Pilipinas (BSP) need not follow what the Federal Reserve does since these central banks have different factors to consider in implementing their monetary policies, BSP Governor Nestor A. Espenilla Jr. said Friday. Minutes of the Federal Open Market Committee (FOMC) meeting from October 31 to November 1 showed that US monetary officials are keen in hiking the Fed’s key rates in the near term even as inflation

remains below the 2 percent target since labor conditions continue to firm up. Espenilla told journalists that the BSP does not need to follow whatever the Fed decisions are. “Our monetary policy is independent of what Fed does. We’re not obliged to follow since we don’t have fixed exchange rate. Instead, our primary focus is on the inflation outlook relative to our target,” he said. decisions/PAGE 10

(From left) Seda Centrio manager Armand Angeles, Miss Cagayan de Oro 2017 Katrina Zayas Acaylar, Councilors George Sio Goking and Reuben Roa Daba, city tourism consultant Dorothy Jean Buhay Pabayo, DOT regional representative Decius Esmedalla and Miss Iligan 2017 Rochelle Jabla perform a toast prior to lighting the hotel’s Christmas tree last Friday in Cagayan de Oro City. photo by mark doña francisco

5 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

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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 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

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 PLANTERS DEVELOPMENT BANK

Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723

PNB- LKK MALL NORTH CONCOURSE

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.

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081

SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632

EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331

STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168

ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO

Capistrano Corner CruzTaal St. CDO 8524099/722695

UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242

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ComVal reigns supreme in PopQuiz 2017 15-year old Jan Fhore Andrey Cagalitan of Pantukan National High School beats ten (10) contestants from all schools division in Davao Region during the recently-held PopQuiz at the Regional Festival of Talents at the Buhangin Central Elementary School on November 24, 2017. This year’s quiz focuses on the Population

Education core messages and key concepts on: (1) family life and responsible parenthood; (2) gender and development; (3) population and reproductive health; and (4) population, environment, resources and sustainable development. “Dako kayo akoang pasalamat nga nasuklian ang tanan kahago ug pagbilar. Dako

kayo nga garbo para kanamo nga ang ComVal ang mo-represent sa national competition. Akoang paningkamotan nga mauli namo ang championship pud sa nasyonal! (I am very grateful that all my hard work and sleepless nights were rewarded. It is our pride that ComVal will represent Davao Region in the national

competition. I will do my very best to bring home the championship in the national competition!)”, exclaims Jan. In second place is 16year old Freziel Ann Darong of Sto. Tomas National High School, followed by 15-year old Hannah Kate Cueva of Digos City National High School in third place. The regional champion shall

compete in the National Festival of Talents – PopQuiz come February 2018 in Dumaguete City. The Department of Education – Region XI (DepEd XI), through the Curriculum and Learning Management Division (CLMD, in partnership with the Commission on Population – Region XI (POPCOM – Region XI) conducts the Regional Festival

of Talents (RFOT) annually. This year’s theme is - “Pagkilala sa Kulturang Filipino Tungo sa Kapayapaan, Pagkakaisa at Pagbabago”. Also conducted during the Regional Festival of Talents are contests on: Essay Writing; Poster Making; Jingle Making and Singing and the first-ever Round Table Argumentation and Debate.

Louisse Occena and Ahmana Kang, both Dreamboard artists, blurt their heart out at Limketkai Event Center November 12 in Cagayan de Oro City. Catch Dreamboard every Sunday noon there. photos by mark francisco , lifestyle editor

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Billboard

Italpinas Joins BPI Family Bank Thanksgiving

The BPI Family Savings recently hosted an appreciation dinner to give thanks to its business partners on November 23, 2017. Under the theme “Grazie” which means “Thank You” in Italian, BPI cordially invited listed developer Italpinas Development Corporation’s Chairman/CEO, Architect Romolo Nati and Senior Vice President for Bank and Business Development, Mr. Harold Dacumos to the occasion. During the event, IDC was recognized as the bank’s only Italian client in the Philippines. BPI and IDC have been supporting each other’s goals since the latter started its first project in Cagayan de Oro.

In 2013, BPI granted IDC the green development loan to its first flagship project in Primavera Residences Tower B. Since the partnership began BPI Family has been active in offering housing loans to IDC’s clients including the buyers of Primavera City, the follow-up development. “We are honored to be part of BPI’s milestone. We are thanking them for supporting IDC’s commitment to sustainable business. Most of all, we are glad to be partnering with BPI for helping our clients’ dream home come true,” said Arch. Nati. Italpinas, a young ItalianFilipino company, has been an active participant in

BPI Family Savings Bank Cagayan de Oro’s Lifestyle Madness held every year. During the housing fair, BPI and IDC partnered to offer housing loan deals for Primavera projects at low rates. Just like BPI, IDC has strong advocacy in helping every Filipino achieve an affordable and comfortable home. BPI is one of the universal banks in the country with over 809 branches and 2,542 automated teller machines (ATMs) which together form Expressnet, the largest combined network of branches/kiosk units and ATMs, servicing the largest number of bank customers, including over one million overseas Filipinos.

(from left) Mr. Joaquin Ma. Abola, Senior Vice President, BPI FS, Arch. Romolo Nati, IDC Chairman/CEO, Mr. Harold J. Dacumos, SVP, IDC and Ms. Rhodora Marie R. Navarrete, Marketing Support Unit head.

NGCP’s Bukas na Pintuan Tungo sa Pagbabago program provides former drug dependents second chance at life

Bukas na Pintuan Tungo sa Pagbabago is just one of the ways by which NGCP bridges power and progress. Through CSR projects hinged on education, livelihood and community development, safety, and the environment, NGCP contributes to the nation’s social and economic development while ensuring reliable power transmission across the country.

round 26 percent or one in four of the 2.3 million drug users in the Philippines are unemployed, according to initial findings by the National Anti-Poverty Commission, which was based on figures from the Dangerous Drugs Board in 2015. To date, information from the Philippine Drug Enforcement Agency (PDEA) reveals that there are already 1.2 million drug users who have voluntarily turned themselves in for rehabilitation. However, the Technical Education and Skills Development Authority (TESDA) pointed out that former drug dependents still need

assistance to obtain decent jobs.[2] NGCP, the sole operator of the country’s power grid, provides assistance to recovering drug users by giving them a second chance at life through its Bukas na Pintuan Tungo sa Pagbabago (“Open Door Towards Change”) program, by providing skills training and employment opportunities to former users and dependents. “Everyone deserves a second chance. We believe in the willingness to change and strong potential of former drug users to join or rejoin the workforce,” stated NGCP. “A productive and effective way to wage war

on drugs is to provide adequate training and employment opportunities to former drug users, so that they can turn their lives around and provide a better life for themselves and for their families.” Bukas na Pintuan Tungo sa Pagbabago not only addresses the need for more skilled workers in the country, but also provides recovering drug users the assistance and support they need to steer them back to the right path. “As the program’s name suggests, we want to open doors to positive change and more productive lives. We also hope that with these opportunities, former drug users will permanently turn their

backs on illegal drugs,” added NGCP. Transforming lives through training and employment opportunities As a CSR program of NGCP, Bukas na Pintuan Tungo sa Pagbabago is being piloted in Bataan. It will support the Bahay Pagbabago Reformation Centers of the Provincial Government of Bataan, which were designed to actively help former drug dependents who have voluntarily surrendered for rehabilitation. Bukas na Pintuan’s pilot projects will be implemented in three Bahay Pagbabago Reformation Centers located in the municipalities of Dinalupihan, Orion, and

Balanga City. NGCP has allocated a combined PhP10 million for the program in 2017 and 2018. The amount will go towards funding the operational expenses and the supplies and materials needed for the skills development training under TESDA. It will also cover the honoraria of the program trainers and the assessment fee of the trainees to acquire National Certification II (NC II) in Scaffolding Erection and Pipefitting. “Our end-goal is for the beneficiaries to become TESDA-certified, so that they have a better chance of securing viable employment and livelihood opportunities,” explained NGCP.

NGCP aims to have up to 2,100 program beneficiaries over the two-year period. It will work closely with the local government units (LGUs) of the host municipalities to identify the beneficiaries, and coordinate with TESDA for the training programs and the Public Employment Service Office (PESO) for the employment of the program graduates. By working closely with the LGUs, NGCP can also closely monitor the skills training and the employment status of the beneficiaries. This, in turn, will strengthen the grid operator’s partnership with the LGUs of its host communities.

Environment EMB-DENR bares “Most Sustainable and Eco-Friendly Schools” of 2017

s part of the celebration of the National Environmental Awareness Month this November 2017 with the theme: “Kilos Para sa Klima: Building ClimateResilient Philippines, the Environmental Management Bureau of the Department of Environment and Natural Resources (EMB-DENR), will recognize the national winners of the 2017 National Search for Sustainable and EcoFriendly Schools in awarding ceremonies set at the SM City North EDSA in

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wednesday|november 29, 2017

Quezon City. The competition, which started in 2009 and currently in its fifth leg as an ever y two year activity is organized by the Environmental Management Bureau, together with the Department of Education, Commission on Higher Education, and private sector partners. EMB Director Engr. Metodio Turbella, described as overwhelming the call for entry for the fourth leg of the nationwide competition, which aims to recognize educational institutions with the best eco-

friendly and sustainable programs and practices. “We were amazed by their creativity and their commitment in implementing ecofriendly practices,” Turbella said. He added, “We need to start teaching our kids as early as we can to take responsibility in safeguarding our environment. Schools are dynamic focal points of learning and powerful vehicles of change. Parents and teachers can work together to spread the wonders of living an environmentally-smart lifestyle.” For the second

time, Land Bank of the Philippines joins the activity for the Green Leadership Awards. Smart Communications joins the activity for the fifth consecutive year, as part of their Kabalikat program. Other partners include One Meralco Foundation Inc., and Nestle Philippines. For the elementary school category, the

Warwin Sabasaje, a marine biologist, served as the resource speaker in the Capacitation Training for the River Basin Integrated Information Management System (RBIIMS) for the Ranao-Agus River Basin Management Council on November 20-21, 2017 in Cagayan de Oro City. He said that a database management system is important to ensure quality control and quality assurance; filtering out unnecessary data. RB-IIMS is the central river basin database where all river basin organizations’ data and developmental initiatives are integrated and consolidated for planning, management and monitoring. Ana Mae Sumalinog RSCIS No. 11-399-2017

To effectively manage and ensure the security and accessibility of data, members of the RanaoAgus River Basin Management Council participated in the 2-day Capacitation Training for the River Basin Integrated Information Management System (RB-IIMS) on November 20-21, 2017 in Cagayan de Oro City. RB-IIMS is the central river basin database where all river basin organizations’ data and developmental initiatives are integrated and consolidated for planning, management and monitoring. Ana Mae Sumalinog RSCIS No. 11-400-2017

national winners are: Payao Elementary School in Binalbagan, Negros Occidental (first place), Bintawan South Elementary School in Villaverde, Nueva Vizcaya (second place), and Katangawan Central Elementary School in General Santos City (third place). For the high school category, the national winners are: Divisoria High School in Santiago City, Isabela (first place), Muntinlupa National High School in Muntinlupa City (second place), and Pinsao National High School in Baguio (third place). For the college category, Don Mariano Marco Memorial State University-North La Union Campus in Bacnotan, La Union won first place, Western Philippines University in Aborlan, Palawan won second place, while the Naval State University in Biliran won third place. First prize winners get P50,000.00 and will automatically receive P25,000.00 for the Landbank Green Leadership Award, P40,000.00 for second prize winners, and P30,000.00 for third prize winners. The Nestlé Water Leadership Awards will also be given to schools for their water conservation initiatives. A P20,000.00 prize will be given to the national winners in the elementary, high school, and college levels, while P10,000.00 and a certificate of recognition to all regional winners. The national winners for the Nestlé Water Leadership Awards are the following: Payao Elementary School in Binalbagan, Negros Occidental (elementary category), Bayugan National Comprehensive High School in Bayugan City, Agusan del Sur (high school category) and Urdaneta City University in Pangasinan (college category). This year, the Meralco Energy Leadersship Awards of One Meralco

Foundation will once again recognize schools that promote practices and initiatives in electrical safety, energy efficiency and conservation. P20,000 will be given to the national winners, while P10,000 will be given to the regional winners. The national winners for this award are the following: Sta. Rosa Elementary School of Santiago City, Isabela (elementary category), Luzong National High School in Pagudpud, Ilocos Norte (high school category) and Universidad de Zamboanga in Tetuan, Zamboanga (college category). For the second time, Land Bank of the Philippines joins the activity for the Green Leadership Awards. Said award will recognize schools that promote overall environmental sustainability. A P50,000.00 prize will be given to the national winners in the elementary, high school, and college levels. The national winners for the Land Bank Green Leadership are the following: Payao Elementary School in Binalbagan, Negros Occidental (elementary category), Divisoria High School in Santiago City, Isabela (high school category) and Don Mariano Marcos Memorial State University-North La Union Campus in Bacnotan, La Union (college category). The search is part of the Philippine initiative in support to the ASEAN 50th Year Celebration, with the theme, “Partnering for Change, Engaging the World”. For details, please contact the National Program Secretariat at the Environmental Education and Information Division of the EMB-DENR at telefax number 928-4674, 376-5610, e-mail: ecofriendlyschools@gmail. com, website: http:// www.sustaimableschools. ph, www.emb.gov.ph or at their Facebook page: http://www.facebook. com/EcoFriendlySchoolsPhilippines.

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Wednesday | November 29, 2017

Hino completes mobile kitchens for Davao City

ino Motors Philippines (HMP), the exclusive distributor of Hino trucks and buses in the Philippines, with the assistance of Hino Davao recently completed two mobile kitchens for the Davao City government. The vehicles, which are part of the Davao City Social Services and Development Office’s (CSSDO) disaster response project called Kusina ng Bayan, will be used to

provide hot meals such as soup and other ready-to-eat food during disasters and calamities. The mobile kitchens will enable the CSSDO to respond to emergencies more quickly and provide meals to beneficiaries within 8 to 12 hours after a calamity strikes. Besides victims, in particular children, the elderly, and pregnant women, the beneficiaries include rescuers and evacuees from other areas or provinces struck by disasters.

MDPPA joins FAMI conference in Vietnam The Motorcycle Development Program Participants Association, Inc. (MDPPA) attended the conference of the Federation of Asian Motorcycle Industries (FAMI) in Hanoi, Vietnam last September. The conference, hosted by the Vietnam Association of Motorcycle Manufacturers (VAMM), kicked off the 1st International Motorcycle Manufacturers Association (IMMA) Global Policy Workshop. Based on IMMA’s strategic plans, policies affecting the respective motorcycle industry of IMMA members were discussed, in particular road safety, mobility and urban access, sustainable motorcycle and development, economy and trade communications strategy, and electric vehicles. The FAMI Meeting,

conducted twice a year, is a venue for its members to share, exchange and discuss various technical and non-technical policies and issues pertaining to the motorcycle industry. FAMI is composed of national automotive associations from Indonesia, Japan, Malaysia, the Philippines, Taiwan, Thailand and Vietnam. It is a member of IMMA together with motorcycle industry federations from Australia, Canada, China, Europe, India and the US. MDPPA President, Armando Reyes, is one of FAMI’s Vice Presidents. Mr. Alfredo Lejano, MDPPA’s Vice President, chairs the FAMI Information Task Force. MDPPA will host the next FAMI Meeting in the Philippines in March 2018.

The mobile kitchens all use the Hino WU600L chassis and are equipped with two heavyduty cooking equipment, a water dispenser and a mini water reservoir. Each unit has a complete set of kitchen utensils and a foldable serving table at the side. HMP President Mr. Hiroshi Aoki noted how helpful the mobile kitchens can be during times of disaster and calamity. “Hino is honored to have been given the opportunity to

contribute to this project. As we affirm our commitment to supporting the community, we will continue to leverage our ability to assemble and distribute quality trucks and buses designed to address the different needs of Filipinos, not only in terms of trucking and logistics but also during times of emergency,” Mr. Aoki said. The two mobile kitchens will be used by the first and second districts of Davao City. The city government plans to

procure another unit for the third district. HMP has been engaged in the assembly and exclusive distribution of quality Hino trucks and buses in the Philippines for more than 40 years. Known for providing safe, durable and reliable trucks, HMP also offers customization to complement the various transport needs of businesses ranging from small and medium enterprises to big corporations.

Training for Future Leaders: Dualtech and Suzuki Partnership Human resource is considered as the most valuable asset of a company and Suzuki Philippines Inc. recognizes this. Known as the manufacturer of superior quality Suzuki Motorcycles and the exclusive distributor

of Suzuki Automobile, Suzuki Outboard Motor and Suzuki Genuine Parts (SGP) in the Philippines, the company takes pride in its highly competent workforce that provides exceptional service and care to every Suzuki product available in the

market today. Suzuki Philippines continues to provide local employment opportunities as part of its social responsibility through the Suzuki Foundation Inc. and its Suzuki Helps, Aids and Rebuilds (SHARE) program to help uplift

the country’s economy and along with this is its ongoing partnership with Dualtech Center. Dualtech Center is a project of Dualtech Training Foundation Inc. and is a private vocational school project that pioneered in suzuki/PAGE 10

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wednesday|november 29, 2017

Disconnect... from page 4

of-a-kind rule, French lawmakers believe that their netizens have the right to occasionally draw the line when their employer’s demands intrude on evenings at home, treasured vacations or Sundays with friends and family. The passage of that labor guideline was anchored on the observation that more and more people aka netizens are connected during offhours outside of the office, or workplace. The new measure was designed to ensure respect for rest periods and balance between work and family and personal life. The French labor law also requires companies with 50 or more employees to negotiate new out-of-office email guidelines with staff. Firms have a duty to regulate the use of emails to ensure employees get a break from the office. If management and staff cannot agree on new rules, the firm must publish a charter to define and regulate when employees should be able to switch off. French unions have also pushed for a “disconnect” rule, saying digital technologies have created an “explosion of undeclared labor” that is forcing employees to work outside the typical work week. Initially, some French companies have already put rules in place to bar employees from using their work devices after work hours. Some firms even completely shut down their email systems overnight. A recent study shows that the boundary between professional and personal life

0935 161 3398

856-3344 / 74-53-80

has become tenuous and cases of burnout are becoming more prevalent. T h e l aw i s d e e m e d necessary to help people avoid being overwhelmed by work demands, an essential ingredient to preserve one’s health. To our law makers, time to think outside the box. Maybe, as a country obsessed with mobile phones, it being the text capital of Asia, the time has come to duplicate what France did. To cry over spilled milk is not an option, more so of saying sorry later is definitely not the solution either. (ruffy44_Ph2000@yahoo. com)

Gadon... from page 4

the Supreme Court relative to the supposed subject matter of the supposed confrontation between the two magistrates, if there were any such records. A n d t h at w a s w h at congressmen who favored ousting Sereno by impeachment precisely did. On the other hand, since Jomar denied that he was the source of the information used by Gadon about this issue, he, Gadon, again was subjected to further tongue-lashing (similar to what he received the last time) from some lawmakers, who complained about his continuing lack of preparation in proving his case. -ooo WATCH ANG TANGING DAAN” AT FACEBOOK: “Ang Tanging Daan” is a Bible exposition and prayer session for everyone, in English and Filipino, 24/7, worldwide, that can be viewed at www.facebook.

com/angtangingdaan. Please see the video section. Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email:batasmauricio@ yahoo.com

Decisions... from page 5

The BSP’s policy-making Monetary Board will have its last meeting this 2017 on December 14 and analysts are divided on the MB’s decision during that meeting, with some projecting a hike given the sustained rise of inflation. To date, the BSP’s key rate, or rate of the reverse repurchase (RRP) facility, is at 3 percent, while rate of the repurchase (RP) facility is 3.5 percent and the special deposit account (SDA) facility is 2.5 percent. T h e t h re e f a c i l it i e s represent the central bank’s interest rate corridor (IRC), which was implemented since June 2016 to “better manage inflation and promote longterm sustainable growth.” (PNA)

Suzuki... from page 9

adapting the German Dual Training System in the Philippines. It aims to help alleviate the widespread poverty in the countr y by offering a 24-month course focusing on holistic development of students centered on technical skills, work attitude and personal discipline through wherein pupils were taught at the school and the industry.

Suzuki is one of Dualtech’s partner companies which provide the students with inplant training. The partnership started in 2012 when the Japanese giant moved its motorcycle manufacturing plant in Canlubang, Laguna where Dualtech Center is located. The deployment of dual trainees in Suzuki after their 6-month training at school provided venue for them to learn-by-doing with working opportunity in an actual plant environment with compensation. This set-up is also beneficial for Suzuki as it helps the company to solve the skills mismatch thru the development of homegrown talent/skilled trainees who has the potential to be absorbed as full time employees and eventually supervisors and managers in the future. To date, Suzuki has already accommodated around 150 in-plant trainees; more than 10% of them were taken in as regular employees. The ceremonial turnover of donation was held during Dualtech Center’s celebration of its 35th Founding Anniversary at the Partners’ Recognition Day on October 26. Present at the turnover were Dualtech C enter’s President Mr. Arnolfo Morfe and Corporate Secretary Mr. Marvin Adolfo and Suzuki Foundation Inc.’s President and Suzuki Philippines’ Managing Director Mr. Norminio Mojica as well a s Hu m a n R e s o u r c e s Department Head Atty. Joselito Calivoso Jr.

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EXTRA JUDICIAL PARTITION OF AN ESTATE OF THE LATE MARLOWE FILASOL

Notice is hereby given that the intestate estate of MARLOWE FILASOL who died in Barangay Western, Municipality of Wao, Lanao del Sur which was her residence at the time of her death on April 14, 2015; That the said decedent died without leaving any will, and her only surviving heirs; That the deceased left the only property, a Savings Account with RCBC Valencia City, under Savings Account No. 1-589-35323-0, Passbook Serial No. 1912760 with a balance of THIRTY FOUR THOUSAND SIX HUNDRED SEVENTY EIGHT & 63/100 (Php. 34, 678.63); MARLOWE FILASOL is the subject of EXTRA JUDICIAL PARTITION OF AN ESTATE OF THE LATE MARLOWE FILASOL; is made and executed; LARRY FILASOL, widow of the late, MARLOWE P. FILASOL, of legal age, Filipino, with residence and postal address at Brgy. Western, Wao, Lanao del Sur; MARK JUSTIN P. FILASOL, single, of legal age, Filipino, with residence and postal address at Brgy. Western, Wao, Lanao del Sur; BEA CARMELLA P. FILASOL, single, of legal age, Filipino, with residence and postal address at Brgy. Western, Wao, Lanao del Sur; FRANCINE MAE P. FILASOL, minor, herein represented by her father, LARRY FILASOL, of legal age, Filipino, with residence and postal address at Brgy. Western, Wao, Lanao del Sur; Under Notary Public of ATTY. REMEDIOS G. GUIAB; Doc. No. 1936; Page No. 388; Book No. IV; Series of 2017.

Notice is hereby given that the intestate estate of MARLOWE FILASOL who died in Barangay Western, Municipality of Wao, Lanao del Sur which was her residence at the time of her death on April 14, 2015; That the said decedent died without leaving any will, and her only surviving heirs; That the deceased left the only property, a Savings Account with Land Bank of the Philippines, Wao Branch, Wao, Lanao del Sur under Savings Account No. 2182-1067-15 with a balance of NINE THOUSAND ONE HUNDRED FIFTY FIVE PESOS (Php. 9,155.00); MARLOWE FILASOL is the subject of EXTRA JUDICIAL PARTITION OF AN ESTATE OF THE LATE MARLOWE FILASOL; is made and executed; LARRY FILASOL, widow of the late, MARLOWE P. FILASOL, of legal age, Filipino, with residence and postal address at Brgy. Western, Wao, Lanao del Sur; MARK JUSTIN P. FILASOL, single, of legal age, Filipino, with residence and postal address at Brgy. Western, Wao, Lanao del Sur; BEA CARMELLA P. FILASOL, single, of legal age, Filipino, with residence and postal address at Brgy. Western, Wao, Lanao del Sur; FRANCINE MAE P. FILASOL, minor, herein represented by her father, LARRY FILASOL, of legal age, Filipino, with residence and postal address at Brgy. Western, Wao, Lanao del Sur; Under Notary Public of ATTY. REMEDIOS G. GUIAB; Doc. No. 1936; Page No. 388; Book No. IV; Series of 2017.

BWM: Nov. 15, 22 & 29, 2017

BWM: Nov. 22, 29 & Dec. 6, 2017

Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 24 Cagayan de Oro City SMALL BUSINESS GUARANTEE AND FINANCE CORPORATION, FILE NO. 2017-248 Mortgagee, -versus- FOR: EJF OF REAL ESTATE MORTGAGE TEDDY S. CABELTES SR., AND UNDER ACT 3135 ESTRELLA L. SACAY/ RAMON TED SARISARI STORE, Mortgagors. x---------------------------/ SHERIFF’S NOTICE OF SALE Upon extra-judicial petition for sale under ACT 3135 as amended filed by SMALL BUSINESS GUARANTEE AND FINANCE CORPORATION., mortgagee, against TEDDY S. CABELTES SR., and ESTRELLA SACAY mortgagor, resident of Block 15, Lot 7, 2nd Gate, Xavier Heights, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of September 17, 2017, amounts to (P 1,035,018.57) excluding penalties, charges, attorneys fees and expenses of foreclosure, the undersigned Sheriff will sell at Public Auction on December 18, 2017 at 9:00 A. M. or soon thereafter at the Hall of Justice, Goldridge Building, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the properties with all its improvements to wit: TRANSFER CERTIFICATE OF TITLE NO. T-206868 A PARCEL OF LAND, (Lot 24916, Cad-237, Cagayan Cadastre, surveyed for TEDDY CABELTES SR., Land Use (ORCHARD) Located at Macasandig, Cagayan de Oro City, Island of Mindanao. NE., along line 3-4 by Lot 24916-B, SE., along line 4-1 by Road Lot 24916-F, SW., along line 1-2, by Lot 24916-D, all of PSD-10-064584, NW., along line 2-3 by Lot 24917, CAD-237, Cagayan Cadastre.. Containing an area of FOUR THOUSAND TWO HUNDRED FIFTY SEVEN (4,257) SQUARE METERS MORE OR LESS. Prospective buyers may investigate for themselves, in the event of Auction Sale cannot take place for whatever legal reason the sale will proceed on the following day, without further notice, posting and publication, the title here in above decribe and encumbrance thereon, if any there be. Cagayan de Oro City, Philippines, November 10, 2017. (SGD.) TERESITO C. ESTENZO Sheriff IV

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

wednesday|november 29, 2017

Challenge... from page 12

shooter with an all screen display. Practically much like its predecessor the V7+ albeit with a more affordable price tag, V7 has 24MP clearer selfie camera, and an all screen 5.7-inch display. The V7 is the result of Vivo’s on-going effort in understanding the needs of today’s young people, as the company continues its growth trajectory and international expansion by providing stylish and dynamic products to more consumers to show off their individuality and capture memories that is worth remembering. Catch the Vivo Ultimate Selfie Challenge at malls near you. Beat all three levels and bag a brand new Vivo smart phone as your prize—truly the best gift anyone can have this Christmas! For inquiries about Vivo, visit the Vivo website at www. vivo.com/ph or check out their Facebook (https://www. facebook.com/VivoPhil), Instagram (https://www. instagram.com/vivophil/), and Twitter (https://twitter. com/vivo_phil) accounts.

Foreign... from page 1

shows that the country has maintained its momentum in attracting new investments that boost jobs generation for the Filipino workers. The official noted that the number of available jobs created from January to October this year reached 69,862, surpassing last year’s record of 51,732 jobs in the country. He said debt watcher Moody’s Investors Services predicted the country to grow at 6.5 percent, which is within the government’s target growth rate between 6.5 to 7 percent for 2017. “We are on track given that we are already in November so the 6.5 to 7 percent growth rate forecasted by authorities will happen from all indications,” he said. Citing a report from the Philippine Statistics Authority, Roque added that the country’s agricultural sector grew at 4.64 percent from January to September 2017 but its growth performance in the 3rd quarter alone was 2.3 percent, with a gross value of P382.5 billion, mostly attributed to growth of production gains in crops, livestock and poultry subsectors. He said government spending has been on track while noting there was a significant improvement in the absorptive capacity of agencies with regard to the implementation of projects. L a s t No v e m b e r 1 6 , Finance Secretary Carlos Dominguez III said the country can expect a “more riveting growth narrative in the fourth quarter and onwards” as the government intensifies spending on infrastructure and human capital development. He assured that

“Malacañang would be able to maintain fiscal discipline despite the escalated public spending on the Duterte watch owing to its commitment to provide a steady revenue stream for its P8.4-trillion ‘Build, Build, Build’ program through Official Development Assistance packages and the Tax Reform for Acceleration and Inclusion Act bill, which the Congress is expected to pass this fourth quarter.”

Regulation... from page 1

and Exporters Association, Inc. (PBGEA), said that the proposal in Congress is among the threats to the industry. “Instead of pushing for regulation (of AVAs), the government must find ways to help this ailing industry which has provided so much, especially to agrarian reform beneficiaries (ARBs) in this part of the country,” Mr. Antig said. He said the industr y currently has to deal with challenges like disease in the banana crop and extortion from the New People’s Army. “C ont r a c t s shou l d be respected as they are negotiated between intelligent par ties voluntarily,” he added, noting that what the government should do is provide guidance “to ensure fair and equitable terms.” Meanwhile, the Trade Union C ongress of the Philippines (TUCP) said last week that regulating the AVAs may have a negative impact on the supposed beneficiaries instead of helping them. The TUCP said that while the government must step in to protect vulnerable sectors, it “also insists that the government must also b e equally ef fec tive in performing its function as a provider of a stable business EXTRAJUDICIAL SETTLEMENT AMONG HEIRS Notice is hereby given that the intestate estate of JOVITA CABALLERO VDA DE BACANGOY, who died on August 23, 2013 at Bulua, Cagayan de Oro City and CORSINA C. UMAS-AS who died on December 30, 2014 at Bulua, Cagayan de Oro City; Whereas, the deceased at the time of their death left a PARCEL OF LAND (Lot No. 24890-A, being a portion of lot 24890, Cad-237, Cagayan Cadastre), situated at Bulua, Cagayan de Oro City, province of Misamis Oriental, island of Mindanao; containing an area of TWO HUNDRED FORTY FOUR (244) SQUARE METERS, more or less and covered for taxation purposes under Tax Decl. No. G-154343; JOVITA CABALLERO VDA DE BACANGOY is the subject of EXTRAJUDICIAL SETTLEMENT AMONG HEIRS; is made and entered into; LORETA B. MABULAY and REGINA B. LABISTE, all of legal ages, Filipino, widow and a resident of Zone 2 Baikingon, Cagayan de Oro City; That they hereby affirm that they have executed the foregoing instrument out of their own voluntary free will without force, intimidation or violence upon their person, that they have hereby received their just and proper share and have no claim or demand against each other. Under Notary Public ATTY. EMMANUEL A. AKUT; Doc. No. 182; Page No. 38; Book No. 150; Series of 2017. BWM: Nov. 15, 22 & 29, 2017

and investment environment.” Congress and the gover nment in genera l must not “introduce new rules that will drastically disturb the already existing productive and working bu s i n e s s ar r ange m e nt s in the rural areas that are already benefiting hundreds of farmers, workers and their families and communities.” The TUCP added that these venture agreements, particularly those in the banana industry, have helped the ARBs as they are provided with better livelihoods. The proposals to regulate AVAs are contained in House Bill 5085, authored by Ifugao Rep. Teddy B. Baguilat, Jr., and Senate Bill No. 1351 by Senator Risa Hontiveros. Several lawmakers, particularly Mr. Baguilat and the Makabayan bloc, have been pushing for the approval of AVA regulation. In a public hearing held in Davao City last week, Mr. Baguilat said the bill’s goal is to establish mechanisms that will institutionalize these agreements and promote collaboration between the parties. “AVAs should not be a threat to the ARBs’ land rights but should give incentive to develop their lands and improve their productivity,” he said. Mr. Antig said stakeholders appreciate the holding of consultations on the issue and “hope that the committee will be objective in their decision and come up with a final version that will be a win-win solution.”

Achieve... from page 1

of 6.5 to 7 percent forecasted by authorities. “The growth forecasted by authorities will happen f r o m a l l i n d i c a t i o n s ,” he said, adding that the country’s economy is on track considering that it is already the month of November. Roque said the agricultural sector also posted 4.64 percent growth from January to September 2017 while the gross production increased by 2.3 percent during the third quarter with a gross value of P380.5 billion. According to Roque, this increase is attributed to production gains in the crops and livestock subsectors. He also revealed that the Department of Agriculture posted growth of 3.68 percent for the period from July to September and 4.9 percent for the first nine months of 2017. Meanwhile, Roque said the country continues to attract foreign investors. The Board of Investments (BOI) reported a 187 percent incre as e in invest ment approvals. Roque said investments in October 2017 amounted to P27.6 billion, almost triple the amount recorded during the same period in 2016 at P9.6 billion. From January to October 2017, Roque said the country showed significant growth in investment approvals amounting to P408 billion, which is higher by 38.1

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 18 Cagayan de Oro City

percent compared to the P286 billion in the corresponding period last year. The approved projects also increased from 283 last year to 369 in the first 10 months of 2017. In earlier reports, D e p ar t m e nt of Bu d ge t and Management (DBM) Secretary Benjamin Diokno said the targeted growth of 6.9 percent is attributed to the sustained expansion in the third quarter. Diokno said that among the main drivers of d om e s t i c g row t h i s g ov e r n m e nt s p e n d i n g . The implementation of inf rastr ucture projects, payments to contractors, and disbursement of the year-end b onus es for gove r n me nt e mpl oye e s would boost expenditures in the remaining months of the year. Roque also confirmed that the government has a high percentage of budget spending. He pointed to the improved absorptive capacity compared to previous years. “It will be good this year. The DBM has assured that we are on track,” Roque stressed. (Lilian C. Mellejor/ PNA)

Publication Notice RA 10172

Transfer Certificate of Title No. T-81218 A PARCEL OF LAND (Lot 33 Block 15, Psd-104305-015867, being a portion of Lot 2, (LRC) Psd-157430) situated in the Barrio of Bugo, City of Cagayan de Oro, Island of Mindanao, containing an area of ONE HUNDRED TWENTY SIX (126) square meters, more or less. All sealed bids must be submitted to the undersigned on the abovestated time and date. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title herein above described and encumbrance thereon, if any there be. Cagayan de Oro City, November 22, 2017. FOR THE EX-OFFICIO PROVINCIAL SHERIFF (SGD.) NIZA P. TACANDONG Sheriff IV BWM: Nov 29, Dec 6 & 13, 2017

from page 3

seekers and families. The development’s worldclass and one-of-a-kind tourism facilities are expected to draw foreign tourists. This latest project is a fulfillment of its Century 2020 plans that includes the expansion of its portfolio into the leisure and tourism business. (PNA)

Magic... from page 4

Sincerely ask Jesus to forgive you for your past wrongs, and to take full ch arge s o He c an st ar t changing your life. Then with His power and help you can star t living His way ever y day. Jesus will even take all the bad things from your past and start mixing them toge t he r s o t hat i n t he end they can actually benefit you. Then instead of being guilty and ruined by those things anymore, you’ ll thank Go d for forgiving you and using thos e less ons to change you into a much b etter, happier p ers on. Just Think a Minute …

Republic of the Philippines Province of Misamis Oriental Municipality of Naawan NOTICE TO THE PUBLIC

In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-01, Guidelines in the Implementation of the Administrative Order No. 1, Series of 2013 (IRR of RA 10172), Notice is hereby served to the public that JEARLY V. GABE-OMONGOS has filed with this Office a petition for correction of clerical error in the entry of sex from “MALE” to “FEMALE” in the certificate of live birth of JEARLY V. GABE-OMONGOS who was born on November 24, 1966 at Maputi, Naawan, Misamis Oriental and whose parents are FREDERICK A. GABE and JULIA Q. VILLASTIQUE. Any person adversely affected by said petition may file his written opposition with this Office not later than November, 2017. (SGD.) MARLON S. DACOCO Municipal Civil Registrar BWM: Nov. 22 & 29, 2017

NATIONAL HOME MORTGAGE FINANCE EJF FILE NO. 2017-363 CORPORATION, Mortgagee, -versus- FOR EXTRAJUDICIAL FORECLOSURE OF REAL CONCORDIO B. LUENGO married to ESTATE MORTGAGE CORAZON B. LUENGO, Mortgagors, x----------------------------------------------/ Upon extra-judicial petition for sale under Act 3135 as amended, filed by NATIONAL HOME MORTGAGE FINANCE CORPORATION, with postal address at 104 Amorsolo St., Legaspi Village, Makati City, against CONCORDIO B. LUENGO married to CORAZON B. LUENGO, Mortgagors, with postal address at Lot 33 Block 15, Villa Trinitas Subd., Bugo, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of September 30, 2017, amounted to ONE HUNDRED SEVENTY NINE THOUSAND SIX HUNDRED SEVEN PESOS and 59/100 (Php 179,605.59) Philippine Currency, inclusive of interest and penalty charges, the undersigned Sheriff will sell at public auction on January 12, 2018, at 9:00 a.m. to 4:00 p.m. at the Regional Trial Court, Branch 18, Hall of Justice (City Tourism Hall), Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit:

Century...

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 17 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF-2016-356 Upon extra-judicial petition for sale under Act No. 3135 filed by NATIONAL HOME MORTGAGE FINANCE CORPORATION (NHMFC), mortgagee, wtih postal address at 104 Amorsolo St., Legaspi Village, Makati City., against SPS. TESSIE V. SAMBAAN and EDUARDO SAMBAAN, mortgagors, residing at Block 12, Lot 11, Apovel Subd., Bulua, Cagayan de Oro City/San Pedro, Gusa, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of March 31, 2017, amounts to ONE MILLION THREE HUNDRED EIGHTY THOUSAND NINE HUNDRED EIGHTY PESOS & 26/100 (Php 1,380,980.26), excluding penalties, charges, attorney’s fees and expenses of foreclosure, the undersigned or her duly authorized deputy will sell at public auction on December 21, 2017 at 10:00 A.M. or soon thereafter at the Office of the Clerk of Court, Regional Trial Court, Branch 17, Hall of Justice, Goldridge Bldg., Mastersons Ave., Cor. Pedro N. Roa Ave., Upper Carmen, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency the following property with all improvements, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-58300 “A PARCEL OF LAND (Lot 11, Block 12, of the subd. plan (LRC) Psd-169564, being a portion of Lot 11, (LRC) Pcs-8974, LRC Cad. Rec. No. 1612), situated in the District of Bulua, City of Cagayan de Oro, Island of Mindanao. Bounded on the NE., points 1 to 2 by Lot 12; . . . . . xxxx. Containing an area of Two Hundred Fifty (250) square meters, more or less.” All sealed bids must be submitted to the undersigned on the above-stated date, time and place. In the event the public auction should not take place on the said date for whatever reason, the public auction will proceed on the next working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title herein-above described and encumbrances thereon, if any there be. November 10, 2017, Cagayan de Oro City. BWM: Nov. 15, 22 & 29, 2017

(Sgd.) FE O. BONTUYAN-BULARON Sheriff IV

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Wednesday | November 29, 2017

The Night Stalker:

Cucina Higala Merienda Menu now available all day

ow Kagayanons can bring their family, barkada and honored guests for merienda to a place where they can enjoy heritage Filipino merienda with new twists on auld favorites. Cucina Higala along Gen. N., CapistranoKalambagohan streets is now open from 10am-10pm daily, and has expanded its menu to include Merienda Favorites that are available all day. “Many of our patrons asked us why we were not open from 2-5pm because they also believe they can enjoy merienda better with the ambience of Cucina Higala,” said Maggie J. Uy, the better half of the dynamic duo along with hubby Jan, who are behind the drive to constantly improve the

ground breaking resto. “So we are now open from 2-5pm as well, and we have also expanded our menu to include favorite Filipino meriendas which you can order anytime,” she added. Not only that, your favorite meriendas can also be ordered in smaller portions in deference to guests who come alone or as couples. “For instance, you can now order one of our best seller fresh lumpia for merienda, instead of the two we had before,” Maggie said. Other menu items will also be similarly available in smaller and more affordably priced portions. Among the Filipino favorite meriendas now available all day at Cucina Higala are Pinoy Style Spaghetti, Pancit Palabok, Puto Bumbong, Dinuguan

and Lasagna. But these ain’t your run-of-the-mill, garden variety Pinoy merienda dishes, no sir, thank you! That dinuguan, for instance, has charcoalgrilled pig’s cheeks (better known hereabouts as mascara or mask) to go with your puto, while that lasagna has grilled vegetables marinated with pesto sauce, and comes with two kinds of cheeses! “We prepare all our dishes and condiments in-house so you get them as fresh as we can make them, not worry too much about your health since they’re mostly baked not fried,” Jan shared. “We also want our guests to enjoy dishes that are faithful as possible to the original ones prepared by our lolos and lolas.” The new menu was launched last October 17

at a taste test in Cucina Higala’s trademark mezzanine floor with local lifestyle writers and bloggers. Cucina Higala was originally conceived as a showcase of the region’s heritage Filipino dishes and you’ll still find them all in the menu, such as the Marawi-inspired Wagyu Beef Brisket Rendang, Camiguin’s Surol chicken stew, and of course, Cagayan de Oro’s signature dishes, the famous Sinuglaw and Kinilaw na Isda. Among the new and more familiar Filipino favorites introduced during the taste test were Adobong Kanding, Adobong Kangkong, Beef Caldereta, Beef Fried Rice, Fish Escabeche, Monggo Guisado, Sinigang na Ulang, Tinolang Isda, and Tinolang Manok.

Are you ready for the Ultimate Vivo Selfie Challenge? Vivo, the young leading global smart phone brand which vows to bring advanced technology and stylish products to consumers, recently dominated the spotlight with the launch of the Vivo V7+. The Vivo V7+ is a new addition to the V series and promises to be a powerful shooter with a all-screen display. Equipped with advanced technology including Vivo’s fingerprint 24MP frontfacing camera and a 16MP rear-facing camera, this phone is known for its exceptional photography features, screen quality and the overall product design. Vivo V7+ was launched last September 20 by a roster of the most celebrated faces in Philippine show business top billed by

Kathryn Bernardo and Daniel Padilla. To further promote the Vivo V7+ to its audience, Vivo is mounting the Vivo Ultimate Selfie Challenge to bring the V7+ closer to the selfie-obsessed crowd by highlighting the phone’s 24MP clearer selfie front camera and allscreen display. The Vivo Ultimate Selfie Challenge has three levels which a challenger needs to hurdle to get the ultimate prize: a brand new Vivo V7+! The following are the levels to beat to bag a V7+: Level 1: Take That Clearer Selfie Shot The challenger will stand in front of a Vivo V7+ phone unit. The challenger has 7 seconds to

Boyband PH take a groufie during the recent Vivo V7 Grand Launch in SM Bacolod

Buma Dimante in a Lucky 3 groufie with Kathryn Bernardo and Daniel Padilla

pose for a clearer selfie where all he/she need to do is take a perfect selfie. Level 2: The Lucky 3 Groufie The challenger has 77 seconds to convince 2 random people at the mall to join him/her for a Lucky 3 Groufie shot. All three people including the challenger should fit inside the V7+ frame for the Groufie shot. Level 3: Hold That Selfie The challenger has to stand in front of the Vivo V7+ phone. A random wacky picture will pop on the screen. The challenger has 7 seconds to look at the picture and imitate the pose. After the 7 second mark, the challenger should hold his/her selfie pose and maintain it for 7 minutes! Check out the Vivo Ultimate Selfie Challenge online at this URL. Vivo also recently unveiled another new offering just this November: the Vivo V7. The Vivo V7 promises to be a powerful challenge/PAGE 11