BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 068
Market Indicators
As of 6:21 pm November 3, 2016 (thursday)
FOREX
PHISIX
US$1 = P48.336
7,160.91
X Briefly
11.3
91.49
cents
points
X
ARMM power projects MARAWI City -- President Rodrigo Duterte and Autonomous Region in Muslim Mindanao (ARMM) Governor Mujiv Hataman on Saturday led the ceremonial switch-on for P187.54 million worth of electrification projects in the region. The ceremony emphasizes the government’s desire to provide electricity to a total of 38,044 household beneficiaries in 21 sitios (sub-villages) in the region, mostly in conflict-affected areas. President Duterte, during his first visit on October 29, in the ARMM’s seat of government, said he will improve the situation in Moro land. Electrification is part of the Comprehensive Reform and Development Agenda for ARMM aimed at uplifting the lives of the people.
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F
ROM dearth to excess. The multi-sectoral Mind anao Power Monitor ing C ommitte e (MPMC) will meet next month to discuss the looming electricity oversupply on the southern island, including the possibility of setting up a wholesale spot market. Following tight power supply in the last five years, Mindanao is expected to have a surplus of about 1,000 megawatts (MW) by next year with the operation of several new coal-fired power plants beginning early this
year, according to an MPMC report. “If all new plants start operating as scheduled, the (current) surplus power of about 600 MW at present will balloon to 1,000 MW by next year,” said Glenn Jay A. Reston, officer in charge of MPMC. T h e “c o n s e r v a t i v e” projection for additional demand in Mindanao is 500 MW until 2020, according to Romeo M. Montenegro, deputy executive director of the Mindanao Development power/PAGE 11
Development forum A MULTISECTORAL dialogue will be held in Davao City next week to reach consensus and forge collective action from various stakeholders on urgent initiatives to flesh out the Duterte administration’s goal under its 10-point socioeconomic agenda. The Philippines Development Forum (PDF)—which is chaired by the Department of Finance (DOF)—serves as the primary mechanism for facilitating policy dialogues among all stakeholders, including the national government and local government units (LGUs), business sector, the development partner community, the academe and civil society organization, on the Government’s development agenda.
HELLO NUR. President Rodrigo Duterte calls Moro National Liberation Front (MNLF) founding chair Nur Misuari after approving the Peace Roadmap presented by Presidential Adviser on the Peace Process Jesus Dureza at the State Dining Room in Malacañan Palace on Monday evening, July 18, 2016. Beside the President is National Security Adviser Hermogenes Esperon Jr. TOTO LOZANO/PPD
The MUNICIPALITY OF OPOL, MISAMIS ORIENTAL is cited as Outstanding Local Government Unit for their Performance in Economic Enterprise Development during the recently concluded 5th Mindanao Business Leaders & Entrepreneurs Awards 2016 held at Limketkai Luxe Hotel last October 22, 2016. The LGU of Opol was adjudged for their exemplary and outstanding performance in their Economic and Enterprise Development for revenues coming from their Opol Community College and other related income generating enterprises undertaken by the LGU, furthermore the presence of more than a thousand business establishments in the community which has catapulted Opol as one the first class local government units in the Region. The prestigious award was received by the dynamic Hon. Mayor Maximino Seno. (Joe Palabao)
Main Store: Prawn House Suites and Restaurant Regatta Square, Pueblo de Oro, Cagayan de Oro City Contact Numbers: 0915-959-4837 (Mobile) & 851-9014 (Landline)
First Branch: Prawn House Seafood’s and Restaurant Opol, Misamis Oriental Contact Number at 0975-381-4929 (Mobile)
Nur is fugitive no more Court allows Misuari to take part in peace process By CAROLYN O. ARGUILLAS, MindaNews
DAVAO City -- Fugitive no more. Moro National Liberation Front (MNLF) founding chair
Nur Misuari flew out of Jolo, Sulu on board a a private jet with Presidential Adviser on the Peace Process Jesus Dureza
Second Branch: Prawn House Seafood’s and Restaurant Centrio - Ayala Mall, CM Recto Avenue, Cagayan de Oro City Contact Numbers at 0917-367-0337 (Mobile) & (088) 323-6225 (Landline)
shortly before noon Thursday, en route to Malacanang for a meeting with President Rodrigo Duterte on the next steps for peace. nur/PAGE 11
Third Branch: Prawn House Seafood’s and Restaurant Sayre Highway, Hagkol, Valencia City, Bukidon Contact Number at 0995-672-0181
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Economy DTI, biz group conduct Mindanao research confab held tax planning for MSMEs
T
O strengthen partnership with the ac ad eme in the implementation of research works in the protection of biodiversity and the development of ecotourism in Mindanao, the Department of Environment and Natural Resources in Region 10 spearheaded the Mindanao Protected Area Research Forum in Cagayan de Oro City, recently. DENR 10 Assistant Regional Director Ester A. Olavides of the Management Services during the opening program delivered the speech of Regional Director Ruth M. Tawantawan, calling all stakeholders particularly the academe— st ate universit ies and
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colleges—and other partner agencies to identify research proposals that could best protect the biodiversity within the protected areas (PAs) in Mindanao. The forum which was undertaken in partnership w i t h B u k i d n o n St at e University, GIZ-COSERAM (Conflict Sensitive Resources and Asset Management) was attended by DENR personnel involved in the management of the protected areas and the academe. As s i s t a nt R e g i on a l Director of the Technical Services Felix S. Mirasol, Jr. former Protected Area Superintendent (PASu) of the Mt. Kitanglad Range Natural Park in Bukidnon led the presentation of
Research Gaps and Needs in the protected area. Raoul T. Geollegue of the Philippine Watershed Management Coalition lectured on the Mindanao Protected Areas: Features, Challenges and Opportunities. For his part, Jason Damasco, Misamis Oriental Provincial Officer of the National Commission on Indigenous People discussed the NCIP Assistance to PA Researches towards biodiversity conservation and development. While, Maria Easterluna Canoy, executive director of Kitanglad Integrated NGOs on Enhancing Protected Area Knowledge through establishment of Mindanao PA Institute.
A workshop was c on du c te d to d i s c u ss identified areas based on the list of researches conducted by selected DENR PASu in the Mindanao regions. Representatives from the academe participated during discussions and raised their respective issues as well as their suggestions during the open forum. The two-day forum was attended by 23 private and state universities and colleges from Regions IX, X, XI, XII and Caraga, and 13 vice presidents and extension services, research directors, deans of College of Forestry and Environmental Science/Biology professors and researchers all over Mindanao. (DENR-RPAO/ PIA 10)
ILIGAN City -- A total of 34 participants attended a seminar on tax planning for micro small medium entrepreneurs (MSMEs) in Iligan City. This is one of the activities lined up in observance of the Consumer Welfare Month in October. The one-day event was spearheaded by the Department of Trade and Industry- Lanao del Norte Provincial Office, in collaboration with the Chamber of Commerce & Industries Foundation of Iligan, Inc. (CCIFII), aimed to acquaint existing MSMEs to strategies that could assist them in planning out their tax expenses for the year. It advocates strategies on tax minimization rather than tax evasion.
Attendees were mostly from the trading and services business sector. Resource speaker Erma Y. Darunday of CCIFII shared and discussed to participants her actual experiences which she encountered in dealing with her very own clients and the Bureau of Internal Revenue (BIR). The activity was capped with an open forum where the participants able to share their own experiences as well. Based on what the participants aired in an open discussion, DTI recommends a need for MSMEs to be capacitated with the basics of taxation and effective tax management, (Ma. Welissa V. Domingo/BDD/PIA-10 LDN)
RPN Radyo Ronda Stations Nationwide
CNN Philippines Stations Nationwide Maria Easterluna S. Canoy of the Kitanglad Integrated NGOs shares her experience, the traditions and personalities of the indigenous peoples particularly in the province of Bukidnon on her discussion in the topic “Enhancing Protected Area Knowledge through establishment of Mindanao Protected Area Institute during the Mindanao PAMB Network Research Forum held in Cagayan de Oro City, recently. (RPAO-DENR 10)
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Delight in a Merry Magical Disney Christmas at SM Lanang Premier
M
agical surprises from the world’s leading family entertainment company are in store at Davao’s premier shopping and lifestyle destination this holiday season. SM Lanang Premier, in collaboration with The Walt Disney Company Southeast Asia, brings for the very first time in Davao, a unique Disney Christmas experience from November 5, 2016 to January 8, 2017. On Saturday, November 5, 6pm, usher the merriest time of the year with Mickey Mouse at the grand Christmas launch slated at the Atrium. Witness the unveiling of the Disney
Christmas Village and the lighting of the city’s tallest indoor holiday tree decked with Disney-inspired ornaments. Create fun memories and enjoy the whimsy of the Disney Christmas Village, which features lifesize Mickey and Minnie’s houses and Goofy’s Diner. Catch also musical performances from SM Little Stars 2015 Grand Winner Annastacia Penny and Davao Girls Choir during the grand launch. For premium Christmas gift ideas, go holiday shopping of your favorite Disney items at the retail area located at the Atrium from November 5 to January 8. In 2015, the SM
Group has forged a partnership with The Walt Disney Company Southeast Asia in bringing wellloved Disney brand of stories closer to Filipinos through mall, retail and amusement opportunities. Envisioned as a venue where Filipinos bond with their families, SM aims to give customers a lifetime of happy memories through such world-class entertainment offerings from Disney for the kids and the young at heart. Experience a magical Disney Christmas at SM Lanang Premier! For event updates, visit SM Lanang Premier’s official account on Facebook, Twitter and Instagram.
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Opinion
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Cutopia by Geovanni Abing
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What’s the Hardest Part of Living with Me? Think a minute…Have you ever tried to get 2 fighting kids to admit their share of the blame? A 40-year-old man told his friends: “I’ve learned that when you ask your wife ‘What’s wrong?’ And she says ‘Nothing.’ Man, watch out! Because her ‘nothing’ means you’re getting blamed for SOMETHING!” Someone said, “Marriage is like a loaf of bread: no matter how thin you slice it, there are always 2 sides.” Because there’s his story and version of the problem, and then there’s her side of it. A husband and wife were meeting with a marriage counselor. The counselor told them both to ask each other this question: “What’s the hardest part of living with me?” Then, without interrupting or defending themselves, the husband and wife had to listen to each other tell them what was difficult about living with them. So they were both responsible to take their share of the blame for their marriage problems. The husband had to admit that he’d been selfish and immature when he went to the bar or pub after work instead of coming home to be with his wife and kids. And the wife had to admit she was always nagging and
THINK
A Minute
Jhan Tiafau Hurst ruining the mood in their home so that her husband and kids didn’t enjoy being around her. You see, it’s only when we admit our share of the blame for our marriage problems that we can begin to do change and improve it. Then we will stop trying to change our wife or husband, and start working on the only person we can change: ourselves. That’s when our wife or husband might start wanting to change also. But it’s not easy for us to see our own faults and weaknesses, let alone be strong enough to admit we have them. But until we take the responsibility for the problems and unhappiness which we cause in our marriage, very little will hurst/PAGE 11
As my fellow Boholano artist is about to launch his fourth solo art exhibit at Paseo Gallery (Glorietta) in Makati which opens on November 13, 2016; I am inspired by a series of breakthroughs coming in his journe y especially for a provincebased talent. We used to think that if one chooses the less-trodden path of an artist, he or she begins to starve and live in an illusion. But this is not the case of Geovanni Abing, a collage artist from Baclayon town. In the early stage of his evolution, Abing starts to undermine the “probinsyano” bias and held his solo shows in Metro Manila which many artists aspire yet do not do as they get eliminated in the competition at the mainstream art scene. I am privileged to write the exhibit notes of his solo show entitled “Cutopia” and have partially come up with the following: Dreaming for better societies is dubbed “utopianism” coined from
Thomas More (1478–1535). Though there are critics against it, some say it is essential to elicit hope and desire—the agents of change. As Oscar Wilde illustriously put it, “A map of the world that does not include Utopia is not worth even glancing at, for it leaves out the one country at which Humanity is always landing. And when Humanity lands there, it looks out, and, seeing a better country, sets sail. Progress is the realization of utopias”. No wonder the Englishspeaking world is replete with utopian literatures. Even non-westerners have also developed independently its utopian traditions best exemplified in the poem , “The Peach Blossom Spring” by T’ao Yüan Ming which describes a peaceful peasant society. We do not just muse for the unreal; we believe in paradise—at least in the afterlife. Our faith can make utopia real beyond explanation and it demands no complex reasons. The concept relates to
saint Augustine’s aspired city. For those who do not seem to make sense with injustice, suffering and loss, his quote is encouraging: “The peace of the celestial city is the perfectly ordered and harmonious enjoyment of God, and of one another in God (City of God, Book 19).” This is not a scapegoat for the weak: it is evidence of the higher nature of man who can transcend beyond the material universe and has the capacity to live according to his original design. “Cutopia”, as the artist intends in this show, is a declaration of being. Geovanni Abing wittily cuts his utopia as he transforms from a food technologist into a full-time collage artist. After three years in his artistic journey with three solo shows to flaunt, he avers: “My world is my utopia”. His decision may b e misundersto o d because it can deprive him of economic security, but he bravely designs and glues his well-being. He actually starts to think that full-time
lucell larawan art can sustain himself now. He is a dandy, not a dodo- a promising artist who accelerates fast through shows and art fairs as he has overcome stereotypes and labels. The artworks of Abing still reveal surreal faces with necks and shoulders forcing out symbols of pop culture. But this time, the eyes of his portraits protrude cityscapes which he use to symbolize one’s dream for perfection to enjoy. We share in his aspiration as each of us wants to carve our own worlds where we really fit.
Rotary pursues annual search for “The One” LIFE’S INSPIRATIONS: “… `The King will reply, ‘Truly I tell you, whatever you did for one of the least of these brothers and sisters of mine, you did for me’…” (Jesus Christ, our God and Savior, in Matthew 25:40, the Holy Bible). -ooo ROTARIANS’ ANNUAL SEARCH FOR “THE ONE”: Aside from helping the poor and the needy, the sick and the infirm, and people who have no one else to turn to in almost every part of the world today, the 1.2 million Rotarians the world over are now also being tapped to search for unknown men and women who are doing all they can to help their fellowmen solve their problems and daily sufferings. District Governor Elect Hing Wang Fung
(or, simply, DGE HW) of Rotary International District 3450 disclosed during the regular meeting on Tuesday, November 01, 2016, of the Rotary Club of Hong Kong (the mother of all Hong Kong Rotary Clubs), that this search is now officially called “The One International Humanitarian Award” or, simply, “The One”, and is now done on a yearly basis. But, DGE HW, whose District 3450 covers Hong Kong, Macao, Mongolia and the Guangdong Province of the People’s Republic of China, hastened to clarify that this project will not only be a mere recognition of the good deeds of the chosen awardee. The awardee, to be called “The One”, will also be given a cash price of US $100,000.00, which he is expected to use to provide
more help to the needy. -ooo FILIPINA HONORED AS 2012 FINALIST OF ROTARY’S “THE ONE”: “In fact, two other people who did not make it to become `The One’ for any particular year will also receive US $50,000.00 each so they can also continue with their own projects,” DGE HW said, adding that this search may possibly be started among Philippine Rotarians too, by November 2016. “The One” was started by then Hong Kong District Governor David Harilela in 2012. In a brochure about “The One”, it appears that one Filipina named Maria Cecilia Flores Oebanda was recognized as “Finalist 2012”, for her work against human trafficking especially involving overseas Filipino
K akampi
Mo A ng Batas
Atty. Batas Mauricio workers. Oebanda is known to be the founding president and executive director of the Visayan Forum Foundation (VFF). Here is s omething about VFF: “Established in 1991, the Visayan Forum Foundation (VFF) is a nongovernmental organization in the Philippines known for batas/PAGE 11
Death does not have the last word NO, death definitely does not have the last word. It’s life, everlasting life with God in heaven, or God forbid, eternal condemnation in hell. Neither are pain and suffering the main ingredient nor the ultimate goal of our earthly life. It’s joy, peace, victory, and success offered to us by Christ himself, our savior. We need to be clear about these fundamental truths, so we be guided properly in our life. Making the right choices since our life is also not a matter of fate or luck, but rather of choice. We have to learn to choose properly. Whatever situation we may find ourselves in, including the worst scenarios possible to our human, earthly condition, we can always manage to find joy and peace if we allow ourselves to be guided by our Christian
faith, rather than by our human estimation of things alone. We have to look at death from the point of view of faith. This gives us the ultimate measure of reality. Objectivity is not only matter of the senses nor of the intellect. We cannot simply rely on our feelings, our hunches, and our reasoning. We have to use our faith, which our Lord in the first place gives us abundantly. That faith tells us that we actually do not die because even if our physical body dies and disintegrates, there is something in us, our spiritual soul, that simply cannot die. That´s the very nature of things spiritual. They are beyond the wear and tear of this life. But it can suffer the socalled spiritual death or the
second death, when it fails to get sustained by its ultimate proper source of life who is God. The life of our soul is not just made up of our ideas, plans, and desires. These hardly survive the physical death. Its real life source is God. This is a point we need to be clear about. Our soul is not the vegetative or the animal type that animates the living plants and animals. Such life-giving soul dies and disappears together with the death and decay of the plants and animals. Not so with our human soul. Ours is a spiritual soul while distinct from the Spirit of God, nonetheless, participates in that Spirit. It is meant to be with the Spirit. And it´s the separation from the Spirit, which we can freely do, that spells its death or at
HINTS
and
Traces
Fr. Roy Cimagala least puts it in jeopardy. That is why our soul somehow feels a longing for God, as expressed beautifully by St. Augustine once when he said, “My Lord, my soul is restless until it rests in you.” There is a nostalgia for God and things spiritual and supernatural, which we can also misinterpret and cimagala/PAGE 11
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Pilmico expands footprint in Vietnam
A
BOITIZ Equity Ventures, Inc. (AEV) is expanding its footprint in Vietnam as its food unit takes over Pilmico Vietnam Trading Co. Ltd. for 888 million Vietnamese dong (around $40,000). In a disclosure to the Philippine Stock Exchange on Wednesday, the listed conglomerate said subsidiary Pilmico International Pte. Ltd. will acquire 100% of ownership interests in Pilmico Vietnam Trading from a certain Pham Thu Houng. Pilmico International signed on Oct. 28 the capital assignment agreement with Pilmico Vietnam Trading, a limited liability company engaged in the wholesale of food products, beverages, agricultural and forestry raw materials, among others. “Pilmico Vietnam Trading will be the vehicle used for the importation and distribution of Pilmico products in the Vietnam market,” AEV noted in the disclosure. In 2014, Pilmico International also acquired a 70% equity interest in Vinh Hoan 1 Feed JSC from Vinh Hoan Corp. under a $28-million deal that provided for the purchase of the remaining 30% stake
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in the Vietnamese aqua feed producer within the next five years. “Pi l mi c o ex p e c ts to expand its market in the ASEAN (Association of Southeast Asian Nations) region,” AEV said, following the acquisition of Pilmico Vietnam Trading. As i de f rom Pi l mi c o International, AEV engages in the food business through Pilmico Foods Corp. and Pilmico Animal Nutrition Corp. The three subsidiaries cumulatively contributed
P1.4 billion in income during the first nine months, a 1% decline from last year mainly due to lower selling prices. AEV continues to source bulk of its earnings from the power business, which a c c ou nt e d for 6 3 % or P15.1 billion of the group’s P17.1-billion year-to-date net income. Contributions from banking and financial services stood at 22%, food at 7%, infrastructure at 7% and real estate at 1%. The Ab ot iz fami ly’s holding company is counting
on its food and power businesses, among others, for international expansion. The latest acquisition will p a r t i c u l a r l y w i d e n it s distribution network in Southeast Asia. Pilmico International’s takeover of Pilmico Vietnam Trading remains subject to approval by the Ministry of Indust r y and Trade of Vi e t n am . T h e A EV subsidiary will settle the transaction based on the capital contribution made by Mr. Houng.
Pilipinas Shell braves choppy mart PILIPINAS SHELL Petroleum Corp. will have to weather uncertainties arising from the presidential election in the United States, among others, as it debuts on the equities market today. The local unit of Dutch Shell Plc is listing on the main board of the Philippine Stock Exchange (PSE) under the ticker symbol “SHLPH” following an oversubscribed initial public offering (IPO) of 291 million common shares for P67 apiece. The maiden share sale -- the fifth-biggest in Southeast Asia for the year -- allowed public investors to partake 17.31% of the issued common shares of the country’s second-largest oil refiner and retailer in terms of market share. “Overall market sentiment toward equity assets will have an impact on the stock. The relatively light volume we’ve experienced over the past several weeks could also be a problem,” Jonathan J. Latuja, research analyst at Unicapital Securities, Inc., said in a text message. VOLATILITY AHEAD The PSE index plunged for the eighth consecutive session when trading resumed on Wednesday. The bellwether declined 152.40 points or 2.06% to 7,252.40 -- the lowest it registered since finishing at 6,991.87 on May 6 -- as investors
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CorporateWorld
trimmed their holdings ahead of the US elections. The daily value turnover averaged P6.62 billion within the Oct. 24-28 period, trailing the P8.24 billion recorded in the preceding week. On Wednesday, value turnover declined to P7.89 billion, after 746.5 million issues exchanged hands, from the P9.09 billion posted on Friday last week. Local stocks may extend their losses to a ninth consecutive session when trading resumes today, Mr. Latuja said, given the uncertainty over the impending leadership change in the world’s largest economy, among others. Pilipinas Shell may rather “lend a boost to activity” on the stock exchange, Justino B. Calaycay, Jr., head of marketing and research at A&A Securities, Inc., said in a market note. “The PSEi is coming off a seven-day slide putting the onus on earnings to reverse the trend. An IPO on Thursday should provide a bit of a ‘diversion’ as well as boost turnover,” read the market note issued on Tuesday. In a separate note, Mr. Calaycay cited the maiden performance of the last eight firms that joined the bourse through an IPO -DoubleDragon Properties Corp.; Century Pacific Food, Inc.; SSI Group, Inc.; Phoenix Semiconductor Philippines
Corp.; Xurpas, Inc.; Italpinas Development Corp.; Golden Haven Memorial Park, Inc. and Cemex Holdings Philippines, Inc. PATTERN “On average, prices surge 30% off the listing price, dipping slightly at the close to 23%. All stocks avoided falling into negative territory at [their] debut, while only four hit ceiling price, of which three closed at that maximum,” Mr. Calaycay said. DoubleDragon jumped by 50% when it closed on April 7, 2014; Xurpas by 49.9% on Dec. 2, 2014; and Golden Haven by 49.9% on June 29 this year. Incidentally, the local stock barometer ascended in those sessions. Century Pacific advanced by 10.5% on May 6, 2014; SSI Group by 6.5% on Nov. 7, 2014; Italpinas Development by 16.7% on Dec. 7, 2015; and Cemex Holdings by 3.3% last July 18 despite the market-wide downtrend. Phoenix Semiconductor, on the other hand, closed unchanged when it debuted on Dec. 1, 2014. The stock, however, managed to stay within the positive territory throughout the session and gain as much as 7.9% amid the general upswing on the bourse. Pilipinas Shell is the second oil company to go public
pursuant to Republic Act No. 8479 or the Downstream Oil Industry Deregulation Act of 1998. The law requires those with refineries in the country to pass at least 10% of their common stock to public investors. BPI Capital Corp., the domestic lead underwriter and domestic bookrunner of Pilipinas Shell’s maiden offering, cited a strong uptake from institutional as well as retail investors. “The whole deal was oversubscribed even before the public offer,” BPI Capital managing Director and Chief Operating Officer Reginaldo Anthony B. Cariaso said in a text message after the public offer period closed on Oct. 25. The offering pegged the market capitalization of Pilipinas Shell at P112.63 billion. This surpasses the P97.31billion value of the outstanding shares of Petron Corp., the country’s leading oil refining and marketing company in terms of market share, at the close of Wednesday’s trading. “PCOR listed way back on Sept. 7, 1994 at P9 per share. In its debut, the security reached a high of 35% and closed with gains of 26%. The lowest price it hit on Day One was 20% above the offer price,” Mr. Calaycay recalled.
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Seda Centrio Hotel 3238888 / 0917-577-5910 Southwinds Hotel 724803 / 8562036 Fax: 8562036 Stargate Dream Vacation Resort 8515003 / 8509999 The VIP Hotel 726080 / 8562505 Fax: 726441 RED PLANET 8800888/8801306 Travelers Pod 8518988 Uptown Condotel 8511800 Villa Paraiso Apartelle 3870419 Fax: 3870429 HONORARY MEMBERS: Dept. of Tourism 723696/726394 / 8564048 Fax: 723696 RESTAURANTS: Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843 Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790 Golden Ajirang I 856-5271 Fax: 727876 Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986 Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852 SLERS Ham & Café 8551438
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
limketkai luxe hotel 8800000 Dear manok 8564914 / 8573413 LIMKETKAI LUXE HOTEL Landline: (088) 880-0000, Mobile: 0917-312-4563 Email: info@limketkailuxe.com
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Feature Fun in Fashion: Forever 21 launches Disney Pixar Capsule Collection American retail brand Forever 21, one of the world’s largest and mostrecognized retailers, brings fun again to fashion as it launches globally a limited-edition Disney Pixar capsule collection including women’s, men’s and kid’s clothing and accessories. The 29-piece collection brings that Pixar magic from the screen to the racks as it celebrates classic characters from DisneyPixar animated films including Finding Dory, Monsters, Inc. and Toy Story. The latest iconic characters like Buzz Lightyear, Dory, Nemo, Woody and Mike Wazowski are featured in trendy bodysuits, bomber and denim jackets, cropped t-shirts, sweaters, and sweatpants, as well as beanies and tote bags. In the spirit of fun, there are also items with wordplays on the characters and their beloved stories including “Buzz Worthy,” “Go With the Flow” and “Monster Crew.” The Forever 21 Disney Pixar collection is highlighted in an episode of Destination: Disney Style; the five-part original series that takes viewers on a trip around the globe to explore the unique ways Disney characters are interpreted through fashion. The video follows Lauren Riihimaki of YouTube’s LaurDIY as she delves into everything about the collection from the design process and inspiration, to collection favorites and more, giving viewers an exclusive look into the capsule collection and how it came together. The Destination: Disney Style episode featuring LaurDIY and the DisneyPixar capsule collection is up for viewing on the Disney Style YouTube channel.
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In the Philippines, Forever21 has been the foremost choice of the stylish bunch since it opened its first store at SM Megamall last 2010. Through its partnership with the SM Retail Group, Forever 21 has made it easier to have access to trendy yet affordable fashion with branches around the country. Forever 21’s Disney Pixar Collection is available in Forever 21 at SM Lanang Premier in Davao City as well as in SM Megamall, SM Makati, North Wing of SM City Cebu, The Block at SM City North EDSA, SM Mall of Asia, SM Aura Premier, SM City Fairview, SM City Clark, SM Southmall and SM Seaside City Cebu. Get connected with Forever 21 through forever21.com, facebook. com/Forever21PH and via Twitter: @Forever21PH and Instagram: @ f21philippines. HASHTAG: #DisneyPixarxF21 LINK TO VIDEO ON DESTINATION: DISNEY STYLE: https:// www.youtube.com/user/ disneysstyle --ABOUT FOREVER 21 Forever 21, Inc., headquartered in Los Angeles, California, is a fashion retailer of women’s, men’s and kids clothing and accessories and is known for offering the hottest, most current fashion trends at a great value to consumers. This model operates by keeping the store exciting with new merchandise brought in daily. Founded in 1984, Forever 21 operates more than 730 stores in 48 countries with retailers in the United States, Australia, Brazil, Canada, China, France, Germany, Hong Kong, India, Israel, Japan, Korea, Latin America, Mexico, Philippines and United Kingdom.
Sporty and stylish: Baseball tee from the Forever 21 x Disney Pixar Collection Pixar Alien knit graphic sweatshirt
Be “Buzz Worthy” with a graphic tee from the Forever 21 x Disney Pixar Collection
Buzz Lightyear encourages you to go eco-friendly with the “Buzz Worthy” canvas tote
Sleeveless Toy Story bodysuit
Gray sweatshirt with graphic of Toy Story’s Woody and Jesse
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FRiday|november 4, 2016
Banking&Finance
WB, ADB invited to PHL dev’t forum in Davao City F INANCE Secretary Carlos Dominguez III said Wednesday that international financial institutions, led by the World Bank (WB), have been invited to attend the Philippine Development Forum slated to be held on Nov. 8-9 at the SMX Convention Center in Davao City. ”I would like to invite all these groups to participate in the Philippine Development Forum because there, they can air their concerns and we can discuss the future direction of the Philippine economy,” Dominguez said during a press briefing in Malacañang. Aside from the WB, the Asian Development Bank (ADB) and all the foreign embassies in the Philippines have been invited to attend the forum, he added.
BDO posts 10% growth, remains PH biggest bank BDO Unibank Inc. posted a 10 percent year-on-year increase in net income to P19.3 billion in the first nine months of the year, attributing this to solid results from its core lending, deposit-taking and fee-based businesses, which offset a more normalized contribution from Treasury activities. The bank said its Net Interest Income grew 16 per cent to P48.4 billion and its customer loan portfolio bdo/PAGE 9
Dominguez said his department has a l s o i nv i t e d d i f f e r e nt lo cal nongovernment al organizations to join the forum, which carries the theme, “Poverty Reduction t h ro u g h t h e Vi g o ro u s Implement at ion of t he Ten-Point Socioeconomic Agenda”. The event, to be attended by various stakeholders across the country, will be used to lay down before the different stakeholders the Duterte administration’s priorities b a s e d on it s 1 0 - p oi nt socioeconomic agenda. The priorities will be clustered into five breakout groups -- Macroeconomic and Fis ca l Policies; Mindanao Development; Rural Development; Human Capital Development; and Infrastructure and Competitiveness.
In t h e s a m e m e d i a briefing, Dominguez said the Duterte administration is expected to increase public spending in the next six years to further boost overall growth performance. ”We need to rapidly build new roads, railways, ports to decongest our cities and reduce the logistics cost for the most basic goods of our people,” the finance chief said. ”While doing this, we aspire to expand and deepen the financial system. We need to broaden public access to banks and capital markets, support small business industries with accessible credit, and raise capital for industry.” Dominguez said the Duterte administration has put in place “a clear, coherent economic strategy” that would reduce poverty rates
in the medium term and lift the Philippine economy to high middle-income status. ” Wit h t h e g row t h momentum, a low inflation rate, stable currency and strong political leadership, the Philippines earnestly opens our doors to do business with our neighbors. The new government has taken decisive steps to improve the ease of doing business in the country. This will allow us to respond helpfully to assist in the inflow of investments,” he said. Dominguez said robust spending should be focused on infrastructure, particularly in areas outside greater Manila, to create good jobs. ”We have what we call an infrastructure gap. The amount of infrastructure that we need in the Philippines is really tremendous,” he said. forum/PAGE 9
BSP offer of term deposits still oversubscribed BIDS for the central bank’s auction of term deposits remained above board for both the week-long and month-long tenors yesterday, with the Bangko Sentral ng Pilipinas (BSP) unlikely to adjust policy rates in the near term with enough liquidity in the system. Offers for the term deposit facility (TDF) remained more than double the P130billion volume posted by the central bank, following a P20-billion increase in the weekly program that took effect Wednesday.
Yields for both tenors likewise trended higher for the week. The seven-day term deposits fetched an average accepted yield at 2.5189%, higher than the previous week’s 2.5109% as the BSP accepted rates between 2.5% and 2.525%. Total bids reached P29.665 billion, nearly three times the P10-billion auction size. Meanwhile, the average rate under the 29-day tenor also went up to 2.692%, higher than the 2.6337% yield last week as banks and trust companies asked
for rates between 2.5% and 2.75% which the BSP must pay them for parking their excess funds under the central bank’s window. In turn, the P120-billion auction size was met with P232.804 billion in demand. The TDF is currently the BSP’s main tool to arrest excess money supply in the local financial system, which in turn is seen to usher market rates closer to its 3% benchmark. BSP Governor Amando M. Tetangco, Jr. said the deposits/PAGE 9
7 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY
A PUBLIC SERVICE BY:
AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274
METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057
ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893
METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162
BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075
METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721
BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637
METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924
BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796
METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731
BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405
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 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
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
Energy Secretary Alfonso G. Cusi led the ringing of the Philippine Stock Exchange (PSE) bell together with the new and former Pilipinas Shell Petroleum Corporation (PSPC) Country Chairperson Cesar G. Romero and Edgar O. Chua, respectively, during the oil company's initial public offering today (3 November 2016) in Makati City. Other PSPC executives and Board of Directors of PSE joined the Secretary during the ringing of the bell, which also signals the start of the trading in the stock exchange. In his keynote address, Cusi said: "By its entry to the stock market, Pilipinas Shell subjects itself to State regulation and public scrutiny on another front—this time as a publicly listed company." Cusi noted that "it is all the more imperative for the company to constantly maintain not only an impeccable delivery of public service in the field of energy, but also sound corporate fiscal discipline and an attractive and wholesome corporate image in the community." "Now, Pilipinas Shell will owe utmost diligence and protection not only to consumers in the form of cleaner and more affordable petroleum supply, but to the investing public as well, in the form of high-value and profitable investments," Cusi explained.
PBCOM Tiano-HayesSt. Cdoc | 726519/8571558
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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CONGRATULATIONS AWARDEES!
9
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FRiday|november 4, 2016
Contempo... from page 10
Art Gallery, Ms. Dayanan expressed gratitude to this staff and employees who she said were the driving forc e t hat prop el l e d C ont e mp o’s s u c c e s s f u l achievements, whether in the field of management-worker relations, or the completion of its projects, and the high acceptance of clients not only from Cebu but in other parts of the country as well. This is due largely also to Ms. Dayanan’s business leadership acumen and public relations par excellence. Contempo’s branding has earned her high praises, credibility and reliability in the housing and realty market, Dayanan added. Soon there will be more awards forthcoming. One in Singapore next month. Also, C ontempo has already aligned more projects that will soon rise in Davao City and Cagayan de Oro City, Ms. Beverly Dayanan said.
Forum... from page 7
”So most of the infrastructure (funds) will be spent outside of Metro Manila because we want to raise people out of poverty and the poor people are outside.” He said President Duterte’s recent visits to China and Japan brought in investment pledges of USD15 billion from China and more than USD25 billion from Japan. ” Ma r u b e n i v e r b a l l y committed to get involved in USD3.2 billion worth of projects and USD14 billion medium and long-term projects in mass transport, roads, highways, water and power,” he said. Dominguez said different
business groups, including the Makati Business Club, American Chambers and Business Process Outsourcing (BPO) have sought audience with President Duterte. He a l s o a n n o u n c e d that the Legislative and Executive Development Advisory Council (LEDAC) is expected to convene this coming weekend to discuss pending legislation. ”I suppose there will be a long list of agenda items on both sides, from the House and from the Senate, as well as, from the administration,” Dominguez said. (PNA)
BDO... from page 7
expanded by 15 per cent to P1.4 trillion on broad-based growth across all market segments. Total deposits also rose 14 per cent to P1.8 trillion, supported by the 21 per cent increase in low-cost CASA deposits which now comprise 70 per cent of total deposits. BDO’s fee-based income rose 15 per cent to P16. Billion while its trading and foreign exchange income normalized to P4.5 billion, for a decline of 29 per cent. O p e r at i n g e x p e n s e s increased by 29 per cent to P52.8 billion due to the consolidation of One Network Bank and BDO Life Insurance operations. “ The Bank remained prudent and set aside P2.6 billion in provisions even as asset quality held firm. Gross non-performing loan (NPL) ratio was steady at 1.3 per cent, while NPL cover remained high at 143 per cent,” BDO said. BDO’s capital base stood at P215.4 billion, with Common Equity Tier 1 (CET1) and Capital Adequacy Ratio (CAR) remaining above
t he c u r re nt re g u l ator y minimum under the Basel III framework. Last month, the bank issued $300 million in Fixed Rate Senior Notes at 2.63 per cent, the lowest ever coupon rate for any US dollar denominated bond for a Philippine issuer. Recently, BDO announced a plan to raise P60 billion in additional core capital through a stock rights offer to support the Bank’s mediumterm growth objectives amid the countr y’s favorable macroeconomic prospects, and to provide a comfortable buffer over higher capital re qu i re me nt s w it h t he forthcoming imposition of the Domestic Systemically Important Bank surcharge.
Deposits...
from page 7 central bank can still stand pat on interest rates as the TDF volumes signalled ample money supply. “The TDF auction results show there remains ample liquidity in the system,” Mr. Tetangco said in a text message to reporters. “The price action (i.e. continued healthy uptake in the 28-day [term]) may also be reflective of market conviction that possible Fed[eral Reserve] action would only be after US elections... These continue to show no strong reason for making adjustments to policy settings for now.”
“That said, we are mindful of domestic factors that could affect inflation dynamics, including as a result of natural calamities. We will respond as appropriate and necessary.” The BSP’s policy-setting Monetary Board is set to review its stance on Nov. 10, a week after the Federal Reserve decides on benchmark rates in the United States. The markets are discounting a rate increase during the Fed’s Nov. 1-2 meeting as it comes just a week ahead of the Nov. 8 US presidential elections. The Fed said last month that it is considering one hike for 2016 and two next year, following its December 2015 decision to raise rates by 25 basis points after keeping them near-zero for nearly a decade. Central bank officials e arl i e r s ai d t hat t he re remains room to hike the amount of term deposits being auctioned as excess liquidity persists in the local financial system. The BSP will keep the auction size at P130 billion for the next two weeks, broken down into P120 billion for the monthlong term and P10 billion for the seven-day tenor. Planned cuts for the 20% reserve requirement ratio imposed on big banks have also been pushed back in light of the prevailing excess liquidity in the market.
Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region BRANCH 16-TANGUB CITY IN THE MATTER OF THE APPLICATION FOR COMMISSION AS NOTARY PUBLIC,
MISC. CASE NO. IC-2016-006
RUBY JEAN G. CHATTO Petitioner. X---------------------------------/ NOTICE OF HEARING Notice is hereby given that a summary hearing on the petition for notarial commission of Atty. Ruby Jean G. Chatto shall be held on November 24, 2016 at 8:30 o’clock in the morning at the Session Hall of this Court. Any person who has any cause or reason to object to the grant of the petition may file a verified written opposition thereto, received by the undersigned before the date of the summary hearing. Tangub City, Philippines, October 27, 2016. BWM: November 4, 2016
(Sgd.) SYLVIA A. SINGIDAS-MACHACON Executive Judge
BusinessWeek MINDANAO www.businessweekmindanao.com
FEATURE 10
Friday | November 4, 2016
Bamboo Bay, Contempo “c’est magnifique” * Receives 2016 World Quality Commitment Award in Paris, France * Bo’s Coffee opens at Bamboo Bay * Contempo launches Art Gallery & Painting Exhibition
C
By Allan Mediante Editor In Chief Phil Press Institute Trustee
EBU City- More than the famous French utterance which means “its magnificent, Bamboo Bay and Contempo Property Holdings’ recent achievement is truly c’est magnifique.” On October 16, in Paris, France, President & CEO Beverly Dayanan received a prestigious award and recognition for Contempo Property Holdings Inc., as a 2016 World Quality Commitment Gold Category Awardee. The famous International Quality Convention held in Paris, France and attended by delegates from 60 countries, was organized by Business Initiative Directions under CEO Jose E. Prieto.
BID awards are presently being utilized by companies in 179 countries to symbolize their promotion of quality culture, creating a bond among clients, suppliers, employees and collaborators. The founder, José E. Prieto has advocated in the international business environment, quality, starting off by providing support and concrete advice to businesses and organizations in the United States. Later it expanded in to Europe.
Photo shows Contempo president & CEO Beverly Dayanan receiving the award from BID CEO Jose F. Prieto, October 16 in Paris France.
It was then that Business Initiative Directions (B.I.D.) was founded in the U.S. and in Spain in 1986. The awards process started in Paris, the City of Light, and beacon of European development and avant garde thinking. Next came Geneva, headquarters for United Nations in Europe, and heart of the international non-governmental activism, and lastly BID reached Frankfurt and London, Frankfurt being the German metropolis and the think tank and laboratory for Europe’s technology development, and the British capital, the hub for world finance. After this initial period of expansion, the directors of BID chose New York as its launching point in the United States in order to meet increasing demand to provide a U.S. point of reference for business or professional endeavors. Today, BID holds seven annual Quality Conferences, and in 2015 announced a groundbreaking agreement between BID Group One –
RIBBON-CUTTING CEREMONY for Bo’s Coffee now at Bamboo Bay, Cebu. (Far left - right) Mr. Pablo Micban, Bo’s Coffee Operations Manager for Franchise; Ms. Beverly Dayanan, President & CEO of Contempo Property Holdings Inc., ; Ms. Nelia Navarro, Regional Asst. Director, DTI Region VII; Ms. Meianne Alcordo Solomon, Rotary Int’l District 3860 Governor; and Mr. Dante Sudaria, President CEO of BusinessWeek Mindanao Corp. & Mindanao Daily News Corp. photo supplied
leading company of BID – and the Universidad Politécnica de Madrid (UPM Madrid Technical University), in order to produce a series of seminars on topics of mutual interest in Europe as well as the United States. BID is regarded today as the most effective and cost efficient organization working globally in the promotion and practical application of Total Quality Management Models.
BID’s primary mission is to recognize, educateand promote the culture of quality among leaders of companies and organizations. BID has continuously been promoting, producing and sponsoring conferences, seminars, publications and awards to highlight the ideas and accomplishments of leaders along the line of Total Quality Management. BID’s CEO, José E. Prieto, together with a team of
Ms. Beverly Dayanan, flanked by media representatives from Cebu and Cagayan de Oro.
engineers, mathematicians, economists, sociologists and journalists who designed the QC100 total quality model, creating what is considered by many as the most comprehensive and effective tool for quality management in existence today. BID leadership as global reference in the promotion of the Quality Culture, is reinforced and reestablished every year, through special awards, designed to recognize the enormous effort put into play by the companies and institutions, leaders of their own fields, into the establishment and execution of Total Quality Models. These are the companies and organizations that in the end have become spearheads for industry, setting the parameters for excellence. Meanwhile, in a press conference on October 27, after the Ribbon-Cutting ceremony for the launching of Bo’s Coffee shop at Bamboo Bay, and the Contempo contempo/PAGE 9
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FRiday|november 4, 2016
Power... from page 1
Authority (MinDA) and a member of the MPMC. “Eve n i f c omp an i e s will schedule preventive maintenance shutdown, the grid will not be affected as it has still sufficient supply, unlike before that when a power plant shuts down it would cause power outages,” said Mr. Reston. The problem with too much power reserves, Mr. Reston said, is some of the plants would have to be shut down to avoid “over-voltage” on the grid. Mr. Reston said setting up a spot market, which would allow electricity distributors to bid for power from the suppliers, could be one way to handle the excess. However, the MPMC would also have to consider that many of the distributing units in Mindanao, mostly cooperatives, have already signed up long-term power purchase agreements with the generating companies. Another option that will be discussed is fast-tracking the long-standing plan to connect the Mindanao grid to the rest of the country so that excess supply could be sold to other regions. The first coal-fired plant to go online this year was the 300-MW facility of Therma South, Inc., a subsidiary of Aboitiz Power Corp., in the Davao Region. This was followed by the first of two 100-MW units of Sarangani Energy Corp. in Sarangani province. Others in the pipeline are SMC Global Power Holdings, Inc.’s 600-MW plant in Davao del Sur; the Gotianun group’s 405-MW plant under FDC Misamis Power Corp. in Misamis Oriental; and the Ayala-led GNPower Kauswagan Ltd. Co.’s 540-MW facility in Lanao del Sur. On top of the coal-fired plants, MinDA is also pushing for the implementation of proposed renewable energy projects -- with a combined total capacity of up to 2,400 MW -- to achieve a 50-50 energy mix with fossil fuel by 2030. Prior to the new coal-fired sources, Mindanao’s power supply mainly depended on the two government-run hydroelectric complexes Agus and Pulangi. In the 1990s, independent power producers set up diesel-fueled plants while the 210-MW STEAG plant in Misamis Oriental was later built and became the first coal-fired plant in the south in 2006. However, beginning 2010, energy supply started to become precarious again due to the deteriorating capacity of the two aging hydroelectric plants alongside increasing demand.
Nur...
from page 1
M i s u a r i’s c h a n g e i n status is a result of a court decision suspending “proceedings and enforcement of warrants of arrest” against him and
allowing him “to attend peace talk sessions with the government.” “In Manila with him. Just landed,” Dureza told MindaNews in a text message at 1:19 p.m. MNLF founding chair Nur Misuari whispers to Presidential Adviser on the Peace Process Jesus D ure za at t he tur nover of Nor wegian kidnap victim Kjartan Sekkingstad (behind Dureza) on September 18 in Indanan Sulu. Sekkingstad stayed ov e r n i g ht i n M i s u a r i’s camp. Photo courtesy of Jesus Jay Dureza, Jr. MNLF founding chair Nur Misuari whispers to Presidential Adviser on the Peace Process Jesus D ure za at t he tur nover of Nor wegian kidnap victim Kjartan Sekkingstad (behind Dureza) on September 18 in Indanan Sulu. Sekkingstad stayed ov e r n i g ht i n M i s u a r i’s camp. Photo courtesy of Jesus Jay Dureza, Jr. Former Governor A b d u s a k u r Ta n t o l d MindaNews Dureza and Misuari took off from Jolo airport at 11:27 a.m. Wa r r a n t s o f a r r e s t had been issued against Misuari and 59 others for rebellion and violation of Republic Act 9851 or the Philippine Act on Crimes Against International Hu m a n i t a r i a n L a w, Genocide and other Crimes against Humanity following the September 2013 standof f i n Z amb o ang a C it y between his followers and government troops that left 104 persons dead, 192 injured and 110,000 of the city’s 807,000 population displaced. Duterte, a personal f r i e n d of M i s u a r i , h a d repeatedly said he wants to talk to Misuari but Dureza had also repeatedly s a i d t h at t h e D u t e r t e administration will officially deal with Misuari only when the effects of the warrants of arrest he is facing are suspended. Motion granted Judge Ma. R owena Mo d e s t o - S a n Pe d r o o f the Pasig Regional Trial Court in Pasig City in an order dated 27 October, a copy of which Dureza got on November 2, granted the “motion to suspend proceedings and enforcement of warrants of arrest against Misuari” for a period of six months from October 27, “unless sooner lifted by the court.” The motion was filed by Misu ar i on O c tob er 1 4 . S an Pe d ro s ai d t h e D e p a r t m e nt o f Ju s t i c e (DOJ) and the Office of the Presidential Adviser on the Peace Process (OPAPP) not only supported Misuari’s motion but also adopted Misuari’s prayer “to allow him to attend peace talk sessions with the government.” “None of the defense counsels, nor the City of Zamboanga, presented any opposition to the Motion,” San Pedro said.
Hurst... from page 4
change. So why not be honest with yourself? Just ask Jesus Christ to forgive you today for your wrong attitudes and the way you treat your wife or husband? Then ask Him to give you the strength and willpower to start changing each and every day. Just Think a Minute…
Batas... from page 4
innovations in addressing m o d e r n - d a y s l a v e r y, especially human trafficking and the exploitation of domestic workers… -ooo SEARCH FOR “ THE ONE” FO CUSES GOODNESS AMONG MANKIND: Explaining its search for “The One”, Rotary International District 3450 stated: “Everyday we wake up to horrific news of violence, pain and suffering. What about the goodness in the world? The One draws attention to the good that exists within humanity, the people that maybe unknown to us but who are making a
difference to hundreds and thousands of those that need help. “The One, a project by RI District 3450, looks to find such a hero. A true angel, a healer, a person who wakes up every single morning, puts up others before himself and dedicates his or her life to helping others in need. The One is an unsung hero that truly embodies the Rotary motto of `Service Above Self ’. “The One was conceptualized and founded by Past District Gov. David Harilela, and is the first international humanitarian award launched by Rotary International District 3450… This annual award aims to find The One by accessing the powerful Rotary network of over 1.2 million people.” Next issue, we will try to know the other “The One” awardees. -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 HOURS a day, in the Philippines and the world at www.facebook.com/ angtangingdaan or www.
facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.
Cimagala... from page 4
misdirect, ending in some superstition. That´s because our soul has God as its true home. We need to know the true nature and purpose of our soul. While a lot of theories, ideologies, and creeds can offer a variety of ideas about this topic, we need to attend to this issue, because it´s basic, it is what gives overall meaning and direction to our life. We just have to wade through the many aspects involved in this process. But it´s all worthwhile. And while we are at this stage, we should not forget that a great source of enlightenment in this regard is our Christian faith. There we are told that the very substance of our soul´s life is love, the one that defines God himself (St. John says in his letter, “Deus caritas est”)
EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH ADJUDICATION OF OWNERSHIP BY HEREDITARY SUCCESSION KNOW ALL MEN BY THESE PRESENTS: This Extra-judicial Settlement of Estate with Adjudication of Ownership by succession is entered into by the undersigned children of ZOTICO CARILLO said father died without leaving a Will nor incurred indebtedness during his lifetime; That Zotico Carillo under the Last Will and Testament of his father Victor Carillo had been devised 18 parcels of land which are herein described: T.D. NO.: LOT NO.: AREA: LOCATION: 0011128 2175 1.0583 Alibujo, Tupsan-Pequeño, Mahinog; 0011134 .6023 Alibujo, Tupsan-Pequeño, Mahinog; 0011151 3345 .1880 Alibujo, Tupsan-Pequeño, Mahinog; 0011315 3306 .2109 Alibujo, Tupsan-Pequeño, Mahinog; 0011372 2025 .2025 Taoctoc, Tupsan-Pequeño, Mahinog; 0011506 1091 .0445 Tupsan-Pequeño, Mahinog; 0011581 .0480 Tupsan-Pequeño, Mahinog; 0011725 3256 .2172 Tupsan-Pequeño, Mahinog; 0011731 3372 .0198 Tupsan-Pequeño, Mahinog; 0011738 3415 .0137 Taoctoc, Tupsan-Pequeño, Mahinog; 0011861 2282 .3101 Taoctoc, Tupsan-Pequeño, Mahinog; 0011888 3468 .3867 Taoctoc, Tupsan-Pequeño, Mahinog; 0011935 3242 .8413 Tupsan-Pequeño, Mahinog; 0011943 3238 .4112 Tupsan-Pequeño, Mahinog; 0011948 3230 .0568 Tupsan-Pequeño, Mahinog; 0013107 3310 .0563 Tupsan-Pequeño, Mahinog; 0007414 371 .1818 Puntod, Mahinog, Camiguin 0010468 1234 .7653 Lutao, San Roque, Mahinog 0011174 3355 .4195 Tupsan-Pequeño, Mahinog; 0011474 2194 .1501 Tupsan-Pequeño, Mahinog; 0012772 .8865 Mapa, Tupsan-Pequeño, Mahinog That pursuant to the Rules of Court we hereby settle his properties and adjudicate unto our common ownership the above-mentioned real properties to be transferred in the names of the Heirs of Zotico Carillo; That this Extrajudicial Settlement is executed by us freely and voluntarily with full understanding of its import and consequences;
BWM: Oct. 21, 28 & Nov. 4, 2016
and fully manifested, made available and freely given to us by Christ. For us who claim to be Christians, we should not ignore the relevant doctrine and praxis taught by Christ and now handed down by the Church. We have to bridge the gap between the faith we officially profess and the life we actually live. It´s amazing that at this age of supposedly dramatic progress in technology and knowledge, this anomaly between faith and life not only continues but is actually worsening. We have to take our faith more seriously, and discover the many happy, liberating truths about ourselves that can help us derive good from the evil in this world, and eternal life with God from our death. We have to free ourselves from the confinement of a senseand-reason-based worldview. Remember Christ saying: “Unless a grain of wheat falls into the earth and dies, it remains alone. But if it dies, it bears much fruit” (John 12:24). roycimagala@gmail.com EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND KNOW ALL MEN BY THESE PRESENTS: This EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE is made and entered into this ___day of______ in the City of Cagayan de Oro, Philippines, by and between: HEIRS OF THE LATE CRESENCIO A. CAINGLES, represented by his legal wife, NORMA CAINGLES, IMELDA P. CAINGLES, NORMANCRES P. CAINGLES, and PHILIP P. CAINGLES, all of legal age, Filipino citizen, with residence and postal address at Zone 1, Bulua, Cagayan de Oro City, hereinafter referred referred to as the HEIRS/SELLERS; and PHILIP P. CAINGLES, of legal age, Filipino citizen, married, with residence and postal address at Zone 1, Bulua Cagayan de Oro City hereinafter referred to as the BUYER/VENDEE; That the above-named parties are all of legal age, are legitimate children and legal Heirs or sole Heirs of the deceased, CRESENCIO A. CAINGLES, who died on MARCH 01, 2012 at Davao City, That the said deceased, at the time of his death, left a Parcel of Land situated in Kauswagan, Cagayan de Oro City and more particularly described as follows: A PARCEL OF LAND (Lot 1337-K-6-Q), Psd-10-013461, being a portion of Lot 13376-K-6, Psd-10-010353) situated in the Barrio of Kauswagan, Cagayan de Oro City, Island of Mindanao, Bounded on the E., along line 5-1 by Lot 1337-K-6-R., on the S. along line 1-2 by Lot 1337-K-6-F., along line 2-3 by Lot 1337-K-6-E., on the W., along line 3-4 by Lot 1337-K-6-P., all of the Subdivision plan Psd-10-013461., on the NE, along line 4-5 by Lot 1337-K-16, Psd-10-010353 (Road Lot 12.00 M. Wide). Containing an area of ONE HUNDRED EIGHTY (180) SQUARE METERS, more or Less, declared in the HEIRS of CRESENCIO A. CAINGLES is the subject of “EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF PARCEL OF LAND”. Under the Notary Public of EMELITO J. MARQUINO, per Doc. No. 238; Page No. 47; Book No. XIII; Series of 2016. BWM: Oct 28, Nov 4 & 11, 2016
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FRiday|november 4, 2016