BusinessWeek Mindanao (November 7, 2016)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 069

Market Indicators

As of 6:30 pm November 4, 2016 (friday)

FOREX

PHISIX

US$1 = P48.443

7,227.37

10.7 cents

X

66.46 points

X

Briefly Masagana 99 DAVAO City -- An official of the Philippine Export Foundation based here expressed support to the revival Masagana Rice Production Program to ensure food security. Ferdinand Maranon, president of the PhilExport Incorporated lauded President Rodrigo Duterte’s plan to revive the rice production program copied from the Masagana 99 of the Marcos Administration, as long as it will benefit the lowly rice farmers. He said the program will succeed only if it will be thoroughly supported by government and the private sector. Maranon recalled that as a rice trader in the 80s, there was this phenomenon of over rice production which filled in the driers and warehouses of traders, consequently bringing the price of palay down.

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Big fish firms seek to amend Fisheries Code www.businessweekmindanao.com

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P15.00

Monday | November 7, 2016

By MARK D. FRANCISCO, Staff Writer

OMMERCIAL fishing firms in Misamis Oriental are set to sign a collective petition calling Congress to amend the country’s Fisheries Code.

Commercial Fishing Association of Misamis Oriental (CFAMO) president Carlitos A. Baculio tol d Bus i ness We ek Mindanao on Friday that his group is now preparing the draft of the

petition which they will personally hand over to the province’s two district representatives, Peter M. Unabia (1st district) and Juliette T. Uy (2nd district), as soon as Congress resumes session on

November 7.

Mr. Baculio said that Republic Act No. 10654, which superceded the erstwhile Fisheries C o de of 1998, has instituted restrictions on commercial fishing amend/PAGE 11

Law creating MinPoCor pushed before Agus sale

By CARMELITO Q. FRANCISCO, Correspondent

Bangsamoro products DAVAO City -- Banana chips, pastries, furniture, woven products and liniments take center stage as various Bangsamoro communities in Mindanao present their livelihood showcase at a trade fair and expo that opens until Tuesday in a mall here. Johaina Kadon, project manager of the Program for Local Economic Development through Enlightened Governance and Grassroots Empowerment said the activity aims to improve the livelihood and better access to services, building of capacities among the Bangsamoro people and the building of social communities.

She said residents in onceconflict affected areas form community based enterprises, transform local resources into high value products and create sustainable supply and value chain.

THE government is planning to bid out its two hydroelectric complexes in Mindanao, the Agus and Pulangi, by 2018 the latest,

according to the head of the Mindanao Power Monitoring Committee (MPMC), but opponents of the privatization plan aim to push for

an earlier passage of a law that will create the Mindanao Power Corp. (MinPoCor) to take over the facilities. law/PAGE 11

THE OLD AND THE NEW. An elderly woman peers pensively from the window of the Borromeo ancestral home along Corrales Avenue in Cagayan de Oro City which is dwarfed by the still-under-construction Avida Twin Towers shown in the background. PHOTO BY Mark Doña Francisco

Jasaan set to offer tour packages, a first in Misor

By MARK D. FRANCISCO, Staff Writer

JA S A A N , M i s a m i s Oriental – Expect this seaside town to see the influx of tourists here

soon.

The local government of Jasaan under Mayor Gregorio Jonathan Po

has conceptualized a tour package that would c ov e r n o n - p r i v at e tour/PAGE 11

Davao City hosts PHL’s dev’t forum on Nov. 8-9

By ANTONIO L. COLINA IV, MindaNews

LIFE IN A VILLAGE. Badjaos haul potable water in a village in Matina Pangi Seaside II in Davao City. Mindanews Photo

DAVAO City – This City will host the Philippine Development Forum (PDF), a multisectoral

dialogue that seeks to get the insights of business groups and civil society organizations (CSOs)

on the future directions of President Rodrigo Duterte next week, forum/PAGE 11

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Economy

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Monday|november 7, 2016

Mindanao research confab held

T

O strengthen par tnership w ith the academe in the implementation of res e arch 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.

D E N R 1 0 As s i s t a nt 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—state universities and 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 with Bukidnon State 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.

Assistant Regional 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 C o a lit ion

lectured on the Mindanao Protected Areas: Features, Challenges and Opportunities.

For h i s p ar t , Ja s on 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 conducted to discuss 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.

T he t wo - d ay for u m

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)

A TOTAL of 34 participants attended a seminar on tax planning for micro small m e d iu m e nt re pre n e u rs (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 D e p a r t m e n t o f Tr a d e 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.

B a s e d o n w h at t h e 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)

DTI, biz group conduct tax planning for MSMEs

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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Monday|november 7, 2016

More Bites expands menu Story by MARK FRANCISCO

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OPULAR homegrown pizza chain More Bites has expanded the menu on its flagship store along Tiano-del Pilar Streets in Cagayan de Oro City.

From serving only various pizza variants such as quickmelt cheese pizza, mozzarella pizza, ham and cheese pizza, meat lovers pizza and full house pizza, More Bites now offers complete meals such as Baby Back Ribs,

Tuna Panga!, Pork Belly, Lechon Kawali, Sizzling Sisig, Hungarian Sausage, Lord of the Wings, Onion mozzarella rings and many more.

Along with these, they now offer mealpizza combos such as Kuripot Combo, Special Combo, Mega Combo, Ultimate Combo, Unstoppable Combo, Godlike Combo and Beyond Godlike.

They also have a line of lemonades – blue, cucumber, dalandan,

house blend, plain, pink lychee, purple and red strawberry. Lastly, they also serve fries with flavorful choices of cheese, sour cream, and barbecue flavors and Ultimate Shakes such as Choco Lava, Candy Wonderland and Deathshakes with pure homemade ice cream and milk.

For their line of pizzas, More Bites is now serving jumbo and mega sizes. The jumbo size is 18 inches or a total of 36 slices while the mega size is 22 inches or a total of 58 slices.

Owner Reedo Mark Timosan began conceptualizing the pizza business during his medical representative days in Bohol six years back eventually opening his first flagship in Tagbilaran City before

eventually settling in Cagayan de Oro City in 2010. Now More Bites has more than a dozen franchisees all over Visayas and Mindanao.

More Bites Pizza is open for franchising.

The pizza creator’s idea was to come up with a unique taste of crunchy pizza with flavors that would suit the taste of the Filipino.

Both the concept and the products of More Bites Pizza can be described as fresh and flavorful. And it’s a good venture for entrepreneurs of all ages.

A would-be franchise looking for a profitable business will never go wrong about taking a bite out of More Bites Pizza.

Franchise Information The More Bites

Pizza franchise system offers franchisees an exciting food business that is easy to operate and learn yet profitable.

They will teach you everything you need to learn and support you all the way to be able to run your own More Bites Pizza outlet

smoothly and profitably.

More Bites Pizza franchise is anchored on a total support package designed to help franchisees for optimum performance.

For franchise inquiry just email to morebitescagayan@ yahoo.com.

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Opinion

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Monday|november 7, 2016

Muntinlupa Development Foundation @30

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Your Mind Is A Terrible Thing to Waste Think a minute…Have you heard this expression, “It’s raining cats and dogs?” It was started in Europe in the 1500’s when many European houses had thatched roofs made from straw. At night time the animals would climb up on the roof to stay warm, including cats, dogs, and other small animals. But when it rained hard, the straw became slippery and sometimes the animals slipped and fell off the roof. So they started the saying, “It’s raining cats and dogs.”

It’s interesting how many of us go through life saying and doing things that often we don’t even know why we do them. Like superstitions which don’t make any sense, yet many of us still believe them.

But as we grow and learn more about life, we slowly begin to understand and change some of our incorrect beliefs and thinking. We realize that some things we used to think and believe actually are not true, such as superstitions and racial prejudice.

It’s so important that we always keep learning, because our mind is a terrible thing to waste! Someone said: “You should always keep an open mind, but not so open that your brains fall out!” In other words, we need to use our

THINK

A Minute

Jhan Tiafau Hurst mind and conscience God gave us to sort through what’s true and what isn’t. We’re responsible to think and find out the truth for ourselves.

That way we won’t let others rent space in our heads! As a professor of mine used to say: “If you don’t know for yourself, you’ll get hustled and fooled all your life.”

This is why Jesus Christ came: to explain and show us the true way we were made to enjoy the life He gave us.

He didn’t create us to stumble through life in the dark, not knowing the right way to live a successful life. So why not ask Jesus Christ to forgive you for your past wrongs? Then ask Him to start showing you His way to true success and satisfaction. You’ve got nothing to lose and everything to gain. Just Think a Minute…

Kudos are in order for the Muntinlupa Development Foundation which observed its 30th anniversary the other week.

Flashback to 1986. During the snap elections, many residents of Muntinlupa residing inside the gated subdivisions joined the Namfrel, the town priests and the nuns to watch and protect the ballots.

Muntinlupa became one of the electoral battleground communities where armed goons hired by local partisans tried to scare off the volunteers. 15 minutes after the polls closed, the goons fired their armalites into the air.

Sy nchron ize d f ir ing happened in at least a dozen key precints in Muntinlupa.

The Namfrel volunteers, after recovering from the shock of what could have been their first baptism of fire, stood their ground.

Not successful in their scare tactics, the political p a r t i s a n s t au nt e d t h e volunteers: “Matapang lang kayo, dahil pagkatapos nito, uuwi na kayo sa iyong mga village.

Pero kami ang maiiwan dito para harapin yung aming pang-araw-araw na problema.”

Later, back in the comfort and safety of their villages, the volunteers felt challenged.

Those “goons” could be right. There must be a way the villagers can more permanently engage the community other than this one-off Namfrel event.

Weeks later, the volunteers decided to return to the poor communities across the PNR

railroad tracks. The tracks literally and figuratively divided Muntinlupa between the poor and the well off.

The volunteers – among them Ted Javier, Ramon Sy, Joe Alejandro, Francis Ferrer, Fil Alfonso, Freddie Burgos, Mon Cuerva, Rolando Pineda, Lulu Teodoro, Rene Valencia, Jose Luis Yulo, Jake Peña were mostly professionals and businessmen of note.

They were joined by community representatives Moring Austria, Chester Lastica, Silver de Leon and Armando Santana.

Together, they decided to organize themselves into the Muntinlupa Development Foundation or MDF. MDF’s first Executive Director was Maricel Genzola.

Working hand in hand with the local government, MDF organized itself for the purpose of uplifting economically-challenged communities through capacity-building, promoting self-reliance and economic empowerment.

It s i n it i a l c ap a c it y building project involved officers and staff of the local government unit, representatives from the barangays, the business sector and, most importantly, the poor communities in Muntinlupa.

The various stakeholders met for two days at the Asian Institute of Management (AIM) to attend an MDFsponsored “visioning session”.

The sessions were meant to ensure that all stakeholders would b e on the same page while pursuing the development of Muntinlupa.

The sessions were

presided by no less than the late Fil Alfonso, then President of Asian Institute of Management and, later, Meralco Chairman.

An out-of-town session for the mayor and the municipal councilors followed. The focus was on good governance.

During the sessions, MDF identified two mostfelt needs among the poor communities: affordable housing and livelihood opportunities.

Fast-forward to 2016.

MDF remains ver y active in all the barangays in Muntinlupa City and prides itself with having assisted hundreds of families relocate to more decent homes which they can now call their own. Housing projects are located both in-city and in neighboring towns of Muntinlupa.

Thanks to MDF, many poor residents have been freed from the tentacles of the 5-6 operators. MDF is also active in promoting health and nutrition, sanitation, education and genderequality consciousness.

I n t h e e a r l y 9 0 ’s , Muntinlupa Development Foundation set a trend for fund-raising with its signature Big Bang sa Alabang. For several years, the fair ran for 45-days through the Christmas season in what is now the Filinvest Corporate City. Big Bang sa Alabang was so successful, it inspired similar projects like Payanig sa Pasig, Boom na Boom sa Pasay and I heard, even The Enchanted Kingdom.

Over the years, MDF has partnered with local and

SPEAKING

O ut

Ignacio Bunye international institutions in pursuing its objectives. The list of MDF partners is quite long. Just to name a few: PBSP, American Women’s Club in the Phillippines, Operation Smile, Children’s Hour, The Asia Foundation, Rotary Club of Muntinlupa, Habit at for Hu m an it y, LandCo, Ayala Alabang Village Association, ADB and the City of Muntinlupa.

The MDF is currently headed by Chairman Ted Javier and President Bong Belen. The other trustees and advisers are: Melvin Montelibano, Bubut de los Santos, Cesar Manalaysay, Alfonso Santiago, Ferdinand Ferrer, Jun Sayson, Miguel Victorio, Freddie Burgos, Francis Ferrer, Jake Peña and Ramon Sy. MDF’s current Executive Director is Gay Marie Francisco.

Generous readers who wish to become MDF partners or volunteers may contact MDF through its website: http:// www.muntinlupafoundation. org.ph/about-us.php.

Note: You may email us at totingbunye2000@gmail. com. You may also “like” us on facebook at “Speaking Out”.

Selective peace talks give rise to more wars LIFE’S INSPIRATIONS: “…

When the LORD takes pleasure in anyone’s way, he causes their enemies to make peace with them…” (Proverbs 16:7, the Holy Bible).

-ooo PEACE BY TALKING TO EVERYONE IN MINDANAO: So, can we say now that the peace will finally be achieved in Mindanao, now that Chairman Nur Misuari of the Moro National Liberation Front (MNLF) has become a part of the peace process?

I am an ardent supporter of President Duterte from Day One of his presidency, and I share his belief that peace is the vital key that could unlock true progress and economic success for the entire country, yet, there is a need for us to look back at past efforts at achieving peace by previous administrations and try to learn from them.

To underscore this point, I will want to share what I wrote in this column on September 09, 2013, when the Aquino government proceeded to talk with the Moro Islamic Liberation Front (MILF) in an attempt to solve the Mindanao conflict. My point then, which is my point again this time, is simple: peace could be achieved

only by talking to everyone in Mindanao.

-ooo PEACE ELUDED M I N D A NA O U N D E R PNOY’S TERM: Here is that column: “Indeed, the question that is begging to be answered in the Aquino government’s handling of the peace process in Mindanao is this: why did it choose to strike peace with just one group? The example of the MNLF peace accord should have already taught the Aquino government the folly of negotiating and signing a peace agreement with just one group alone.

“Did not a big group of MNLF warriors bolt out of it, soon after the MNLF peace accord was signed, simply because that bolting group thought it was left out in the agreement? Did not that group wage its own deadly war against the government after that?

“Indeed, these are too plain and too evident to see, and yet, why did the government of President Aquino refuse to take it into account in its peace efforts after 2010? Now, a new Mindanao war is erupting, and it appears not only that there is no immediate solution in sight but that, real and lasting peace will no longer be possible under

President Aquino’s term…”

-ooo SELECTIVE PEACE TALKS WILL ONLY GIVE RISE TO MORE MINDANAO WARS: In that September 09, 2013 column, I also had occasion to mention the Zamboanga City siege staged

by MNLF men under Misuari which was then just starting: “Now that the MNLF is on an offensive once again in Mindanao as shown by its early Monday morning (September 09, 2013) attack in Zamboanga City where two men---a policeman and a civilian--were reported killed, I wonder what kind of a reaction the Aquino government will make.

“I mean, the Aquino g ov e r n m e nt h a s b e e n repeatedly told before that its strategy of focusing its peace efforts towards just one group alone, ignoring all others, especially the MNLF which already has signed a peace agreement in 1996, will not yield real peace, but will only aggravate and worsen the conflict in Southern Philippines all the more.

“Now that these warnings have come true and more conflicts---and therefore more deaths and destruction among our countrymen in the area-

K akampi

Mo A ng Batas

Atty. Batas Mauricio --are occurring once again… all the hype about peace in Mindanao being attained… are now going down the drain.

What a waste really, but the Aquino government cannot blame anyone else for this fiasco but itself!” He who has eyes must endeavor to see, he who has ears must try to listen!

-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.

Banking&Finance Bangko Sentral set to release $2-B FX swaps in September

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T

HE Bangko Sentral ng Pilipinas (BSP) unwound $2 billion of its foreign exchange (FX) swaps in September as part of its exchange rate volatility management.

FX swaps totaled $1.63 billion in September compared to $3.6 billion in August, BSP data show.

Swaps are short and long positions in forwards and futures.

The entire $1.63 billion has residual maturity of up to one-month. Swaps have maturities of one month, three months and up to one year.

The BSP uses its swap positions to unwind or

BPI posts 25.6% rise in net income GAINS from loans and strong growth of deposits pushed net income of the Ayala-led Bank of the Philippine Islands (BPI) in end-September 2016 up by 25.6 percent to P17.38 billion.

In a disclosure with the Philippine Stock Exchange (PSE) Tuesday, BPI said total revenues went up by 14.3 percent to P50.42 billion and net interest income rose by 9.1 percent to P31.28 billion.

Total loans reached P931.1 billion. Corporate loans to date account for 77 of the total while retail loans’ share is 23 percent.

Deposits amounted to P1.32 trillion as of endSeptember 2016, 11 percent up year-on-year, with the low-cost current account/ savings account (CASA) accounting for 75.2 percent of the total. income/PAGE 11

release foreign currency into the system as a defensive mechanism against speculative flows and as tool to intervene in the exchange market.

However in terms of size, the swaps have been on a decline for the past three years when the amount was in the $10 billion range back in 2013. One of the reasons for the lower FX swaps was that the countr y’s gross international reserves (GIR) have slowed in accumulating foreign assets and currencies.

As of end-September, the BSP reported GIR of $86.139 billion which was a new record-high.

The current GIR level

is sufficient enough for 10 months’ worth of imports of goods and payments of ser vices and income.

It is also equivalent to six times the country’s shortterm external debt based on original maturity and 4.3 times based on residual maturity, said the BSP. Short-term debt based on residual maturity refers to outstanding external debt with original maturity of one year or less, plus principal payments on medium and long-term loans of the public and private sectors falling due within the next 12 months.

The BSP defines GIR as foreign assets that are “readily available to and controlled by

the BSP for direct financing of payments imbalances and for managing the magnitude of such imbalances.”

GIR consists of holdings of gold, special drawing rights, foreign investments, and foreign exchange, including Reserve Position in the Fund or RPF of the International Monetary Fund. These assets are valued mark-to-market, said the BSP. As of end-September, BSP’s gold reserves amounted to $8.3 billion, higher than the previous month’s $8.26 billion. Foreign investments maintained by the BSP, however, fell to $73.85 billion from end-August’s $73.93 billion.

Metrobank to launch bond fund for Asian investments METROPOLITAN Bank & Trust Co. (Metrobank) will be launching a new dollardominated financial product

by D e c e mb e r, t h rou g h which customers with an aggressive risk profile can invest in securities issued

by Asian governments and corporates.

Metrobank Trust Officer Josefina T. Tuplano told reporters in a media briefing last week that the bank will offer its Metro$ Asian investment Grade B ond Fund by December to clients interested in investing in Asian corporate names for as low as $2,000.

“This is a combination of various funds that are both sovereign and corporate in nature,” Ms. Tuplano said.

“Again, a client with $2,000 is able to participate and buy a variety of bonds packaged under UITF (unit

investment trust funds), so this time, here you talk of interests, coupons that earn the approval of the client,” she added.

A UITF is an open-ended pooled trust fund product or collective investment product, similar to mutual funds, on which units are issued instead of shares.

“We’re also focusing on ASEAN (Association of Southeast Asian Nations) c or p or ate n am e s ,” M s .

Tuplano said.

S h e n o t e d t h at t h e target fund of the financial pro du c t i s i nve ste d i n Metrobank as “we are more confident in developing it ourselves,” citing their recently established dollardominated UITF Metro World Equity Feeder Fund’s (MWEFF) target fund is invested in Luxembourgb a s e d Inv e s t e c G l o b a l

Strategic Equity Fund, on which Metrobank invests around $1.5 billion.

Me t r o b a n k’s E q u i t y Feeder MWEFF, meanwhile, invests in foreign companies outside the Asian region.

The Ty-led bank’s dollardominated bond fund has an investment horizon of at least five years with a holding period of 30 days.

It has an early redemption charge of 50% of income earned from the redeemed amount.

“If you get jittery and you want to pull out in 30 days, that’s fine, [but you’re able to maximize your gains if you keep it at long-term,” Ms. Tuplano mentioned, as the bond fund is marketdriven.

T h e b o n d f u n d ’s benchmark comprised of 90% JPMorgan JACI metrobank/PAGE 11

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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 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

Young women dress in recyclables during a contest in celebration of Oro Youth Month last October 30 at Hard Hat Cafe in Cagayan de Oro City. PHOTO BY MARK FRANCISCO

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558

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

6

CorporateWorld recalls 3M Century Pacific acquires leading Samsung washing machines shrimp paste brand in N. America

C

ENTURY Pacif i c Food Inc. (CNPF), through its wholly owned subsidiary Century Pacific Seacrest, Inc., has acquired the license to the Kamayan trademark for North America.

Kamayan is one of the top brands in the US market for shrimp paste -- a popular condiment in Philippine cuisine, locally known as bagoong.

The brand has grown

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its presence in the United States since first entering the market in the 1980’s. It is currently being sold in leading Asian food stores across the West and East coast, catering primarily to large Filipino communities there.

C e n t u r y P a c i f i c ’s acquisition also includes the Kamayan license for Canada.

The recent purchase is expected to suppor t t he g row t h of C N PF ’s

i nt e r n at i o n a l b r a n d e d business as it continues to expand in countries where there is a strong overseas Filipino presence.

CNPF, the Philippines’ largest canned food company, has established market leadership locally for its brands Century Tuna, Argentina Corned Beef, 555 Sardines, and Birch Tree. These same brands are also sold abroad as the company gradually builds

its international presence.

Today, CNPF’s branded products are available in more than 55 countries globally.

Flagship Century Tuna is now among the leading brands in China, Vietnam, and the Middle East.

According to company officials, the acquisition of Kamayan is also in line with CNPF’s strategy to be a leading player in ambient food products. acquires/PAGE 8

Max’s posts P380-M profit in 9 months MAX’S Group, Inc. reported that its net income inched up 3 percent to P380.56 million in the first nine months of 2016 from the P368.86 million earned in the same period last year although revenues posted a double digit growth.

“We encountered higher commodity prices aligned with inflationary movement.

While mitigating measures are in place, we constantly

improve our capabilities and menu mix to manage rising input materials,” said MGI President Robert F. Trota in a disclosure to the Philippine Stock Exchange.

Systemwide sales grew 12 percent to P11.09 billion for the nine months ended 2016 from P9.87 for the nine months ended 2015 while topline registered doubledigit growth of 11 percent to P8.09 billion from P7.30

billion.

Restaurant sales increased 8 percent to P6.72 billion from P6.20 billion driven by 22 new stores opened from July to September and steady same store sales performance.

To date, Max’s Group has rolled out 55 new stores including 11 international branches, bringing its overall count to 611 stores with 44 located abroad.

“There are likewise plans

to shift into quicker formats for certain brands to benefit from higher volume turnover and lower fixed overhead,” MGI said.

Commissary sales rose 19 percent to P971.03 million from P813.59 million while revenues from franchise, royalty and continuing license fees increased 39 percent to P399.87 million versus P287.05 million compared to similar periods in 2015.

IN another black eye for one of the world’s leading consumer brands, U.S. authorities announced a recall Friday of nearly 3 million Samsung washing machines following several reports of injuries — including a broken jaw — due to “excessive vibration.”

The recall comes a month after the South Korean m a nu f a c t u r e r r e c a l l e d millions of its Galaxy Note 7 smartphones from consumers around the world, because of a mysterious problem that caused the phones’ batteries to overheat and catch fire. Since then, the company stopped producing that device entirely, while estimating the debacle will cost it $5.3 billion.

Samsung said Friday that its washing machine recall would also extend to models sold in Canada, although it said no injuries had been reported in that country.

The company launched an earlier, unrelated recall of washing machines in Australia in 2013, after authorities said an electrical problem in certain models was causing fires. Australian authorities last year called that problem

“a major safety failure,” after receiving complaints that the company was offering repairs but not a refund or replacement, as required by Australian law.

The current recall comes after weeks of discussions between Samsung and U.S. authorities about reports that the drums in certain top-loading washing machine models can become unbalanced and cause severe vibration, in some cases causing the top of the machine to detach from the chassis.

Samsung was hit with a lawsuit over the summer by attorneys representing consumers in Texas, Indiana and Georgia who say their washing machines “exploded” while being used.

In a statement Friday , the U.S. Consumer Product Safety Commission cited 733 reports of Samsung machines that experienced “excessive” vibration and nine related reports of injuries, including a broken jaw and an injured shoulder.

Samsung said the problem occurred when a high-speed samsung/PAGE 8

Lenovo continues support for the youth, renews partnership with TAYO Foundation Lenovo is back as the exclusive technology partner of the Ten Accomplished Youth Organization (TAYO) Foundation, Inc. for the 14th TAYO Awards. The TAYO Awards is the country’s leading annual search that aims to discover and recognize exceptional organizations of young Filipinos who have contributed to the progress of their communities or schools through innovative and valuable projects.

As the official technology partner of the TAYO Awards, Lenovo will provide laptops and tablets

to the organization to help throughout the screening process.

“Lenovo believes that life rewards those who never stand still. Through our partnership with TAYO Foundation, we are able to give recognition to our youth who never stop making progress to make the world a better place in their own ways,” said Michael Ngan, Country General Manager, Lenovo Philippines.

Lenovo has been the official technology partner of the TAYO Foundation, Inc. for the TAYO Awards for 5 years now.

​​Lenovo Philippines and TAYO Foundation renews partnership for the 14th TAYO Awards (L-R) Anna Abola, Marketing Communications Manager, Lenovo Philippines, Michael Ngan, Country General Manager, Lenovo Philippines, Mr. Rollie Fabie, Co-Chairman of TAYO Awards Foundation, and Gio Tiongson, Former NYC Chairperson and Chief Political Officer, Office of Senator Bam Aquino

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Globe Telecom accepts reservations for iPhone 7and iPhone 7 Plus starting October 28, 2016

G

lobe announced it will offer iPhone 7 and iPhone 7 Plus, the best, most advanced iPhone ever, featuring an all-new advanced camera system, dust and water resistant design, stereo speaker system and the A10 Fusion chip which is the most powerful chip on any smartphone while delivering the best battery life ever in an iPhone.

Customers can star t reserving their iPhone 7 and iPhone 7 Plus beginning Friday, October 28, 2016 via www.globe.com.ph/iPhone7.

The new smartphones will be available through the Globe myLifestyle plans that already come with unlimited texts and calls to Globe/ TM, mobile data and free access to content such as Netflix, Disney Channel Apps, HOOQ, and NBA, among others.

Together with exclusive content, postpaid customers who are renewing their plans and will pre-order their iPhone 7 or iPhone 7 Plus from Globe will not only get their new smartphones, but will also have the opportunity to give back to the community through the Globe of Good bundle. A first of its kind, the Globe of Good bundle gives customers a chance to be part of a meaningful cause through donations that will be made in their name.

Participating recipient organizations include KIVA, an online crowdsourcing platform to support microenterprises; the Global Filipino Schools program that brings 21st century learning in public schools through ICT; and finally the Hineleban Foundation for the rehabilitation of forests in Northern and Central Mindanao. Upon receipt of their new phones, customers will receive the voucher that confirms their donation to all three organizations.

“Packed with the latest upgrades in features and hardware, the new iPhone 7 is set to give all our customers a wonderful digital lifestyle experience. Apple has always given its users more reasons to enjoy the devices from all its updates. But what makes this year’s launch extra special is the Globe of Good bundle that makes everything more meaningful.

It is a good feeling when you acquire something new, and it gets even better knowing that you were able to be of help to others,” says Globe Senior Advisor for Consumer Business, Dan Horan.

The new iPhone 7 and iPhone 7 Plus will also available on the Glob e my B u s i n e s s Un l i P l u s Po s tp ai d P l ans . G l o b e my B u s i n e s s c u s t om e r s may get in touch with their respective account managers

DIRECTORIES

A PUBLIC SERVICE BY:

Algen’s Dive Resort (088) 3872015

Pryce Plaza Hotel 8583131 Fax: 726687

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

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

Basamanggas Resort 08822-760564 Fax: 760565 Cagayan Riverview Inn 8584245 / 729039 Fax: 8584245 Casa Crystalla 8561704 / 722465 Fax: 722480

for complete details.

Postpaid customers can enjoy a more seamless mobile browning as Globe continues to expand its Long Term Evolution (LTE) footprint and migrate its customers to the LTE network. For postpaid customers who have yet to switch to LTE, they will receive their new LTE SIMs together with the new iPhone 7. The SIMs are free of charge and still carry their current mobile

number. iPhone 7 and iPhone 7 Plus is powered by iOS 10, the biggest release ever of the world’s most advanced mobile operating system. iPhone 6s, iPhone 6s Plus, iPhone 6 and iPhone 6 Plus will also be available.

For complete details on pricing, please visit: www. globe.com.ph/iPhone7.

For more information on iPhone, please visit: www. apple.com/iphone.

Customers on NBA promos to easily access NBA LEAGUE PASS with streamlined user experience subscribing to any NBA promo will experience a simpler registration process without the need to input PIN codes to access NBA content on their mobile devices.

Once customers complete the promo registration, users will receive a link via SMS directing to the NBA app to

RESORTS, HOTEL & RESTAURANTS

Bahay Bakasyunan sa Camiguin (088) 3871057 / 3870131 Fax: 3870278

Globe and NBA Provide Enhanced NBA App User Experience Ahead of 2016-17 Season As the 2016-17 NBA season tips off, the NBA and Globe Telecom, the League’s official wireless and broadband services partner, provide an updated NBA app user experience for sports fans to watch the NBA live on their mobile devices.

Globe customers

7

Billboard

verify their mobile number.

Once authenticated, fans can immediately enjoy NBA games and programming on their mobile devices.

“Globe is committed to providing the best possible mobile experience so that our customers can access content seamlessly on their devices.

Lucky winner Emmanuel Pilar won the all expense paid trip to the U.S. to watch an NBA game! (From L-R) Globe Director for Sports Content Martin David, Senior Advisor for Consumer Business Dan Horan, winner Emmanuel Pilar, Vice President for Content Jil Go, and host Jinno Rufino

By closely working with the NBA, we have developed a streamlined registration process, free of inputting tedious PIN codes. This way, one can easily access NBA games and content anytime,” said Globe Senior Advisor for Consumer Business Dan Horan.

Avid NBA fans can now catch their favorite team games and game specials through their Globe Broadband plan that comes with six months free access to NBA LEAGUE PASS. On mobile, NBA promos are also available in three service offerings: NBA499 for a 3 0 - d ay pre m iu m access, NBA299 for 7 days, and NBA50 for a 24-hour access. To begin the NBA LEAGUE PASS registration process, Globe users must text the preferred NBA promo keyword (NBA499, NBA299, NBA50) to 8080.

Additionally, the NBA ap p p rov i d e s m i l l i o n s of fans access to NBA LEAGUE PASS that features premium content via the Video Vault—a collection of nba/PAGE 8

Casa Isabella (088) 8564065

Casa Azucena 8563402 / 09236593973

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

De Luxe Hotel 8572144 / 724548 Fax: 724563 Discovery Hotel 727814 / 8563896 Fax: 8563897 Duka Bay Resort (088) 3312290 Fax: 725265 Dynasty Court Hotel 8574802 Fax: 857900 Grand City Hotel 8571900 / 728469 Fax: 723718 Hotel Conchita 8563856 / 727355 Fax: 8563857 Hotel Koresco 8589749-50 Fax: 8589748 Hotel Sogo 8520383

Kingston Lodge 8585696 Fax: 8585696

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

8

Acquires... from page 6

Gregory Banzon, Vice Pre s i d e nt and G e ne r a l Manager for Branded Export called Kamayan “an exciting addition to Century Pacific’s growing range of products and brands.”

The firm, he added, intends to “capitalize on our manufacturing and market ing c ap abi lit ies, plus our developing sales coverage globally, to expand the Kamayan portfolio.”

CNPF earlier disclosed first-half net income growth of 46%, reporting a bottom line of P1.36 billion as of June 30. This was on the back of robust demand for its branded food products, as well as the recent consolidation of a new coconut business line.

In 2016, the Company is expected to end the year maintaining its double-digit growth rates. In 2015, CNPF saw consolidated revenues and net income expand by 14% and 21% respectively.

Century Pacific Food, Inc, the Philippines’ largest canned food company, is engaged in the development, marketing, and distribution of processed fish, meat, dairy, and coconut under its own brands, as well as the brands of others. The company is also the Philippines’ leading exporter of private label tuna and coconut products.

Samsung... from page 6

spin cycle was used to wash bedding or other bulky items. In a statement, the company’s U.S. subsidiary said it’s working with retailers and the commission to inform consumers about the problem.

“Our priority is to reduce any safety risks in the home and to provide our customers

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with easy and simple choices in response to the recall,” said John Herrington, a Samsung senior vice president, in the statement.

Samsung is one of the world’s leading manufacturers of home appliances, smartphones and other tech products, including batteries and memory chips.

In the current recall, the company is offering consumers a choice between a free repair and a rebate toward the purchase of a new washing machine. Consumers who purchased an affected model in the last 30 days are being offered a full refund.

The recall affects 34 models of top-loading washing machines manufactured between 2011 and this year.

They were sold at Best Buy, The Home Depot, Lowes, Sears and other stores for prices between $450 and $1,500.

The Bad Effects of Caffeine There are numerous t hings we all consider about caffeine. We know it’s bad for the health but we thought it’s mainly harmless right? But the truth is, caffeine has bad effects in the long run!

S ome t i me s , we i g nore the side effects brought ab out by c af fe i n e an d

we do not realize how our body gets affected by it. Caffeine gives us “energ y boost” but this energ y boost only lasts for a short span of time.

Also, too much caffeine consumption can do harm in our Ner vous System, Digestive and Excretory System, Circulatory and Respirator y System, Skeletal and Muscular System and even the Reproductive S y s t e m .

B a s i c a l l y, i t affects the whole body which can lead to chronic h a r m f u l d i s e a s e s that’s why it is impor tant to avoid caffeine as much as possible. Good t h i n g t h e r e’s now a different

source of energ y made available without even a speck of caffeine!

Robust Energy Capsule contains the ENERBOOST formula that gives extra energ y needed to cope with ever yday living of different individuals with var ious lifest y les. The E N E R B O O S T f or mu l a contains properties which help boost energy, enhance endurance, i mprove a le r t ne ss and alleviate stress without caffeine. This gives you energ y boost without t h e “c r a s h i n g e f f e c t ” of caffeine namely palpitations, anxiety and lack of focus.

Ilabas ang lakas! No c a f f e i n e , m ore e n e r g y with Robust Energy Capsule!

Robust Energy Capsule is high content 1 0 0 % P u re c ont e nt of Taurine, Ginseng, Sodium Ascorbate, Vitamin B1, B6 and B12 that is made

smaller screen size of mobile devices.

When fans select any game through NBA LEAGUE PASS, NBA Mobile View will appear as an additional viewing option. Home and Away “traditional” views

will remain. Developed by the NBA and Turner Sports through their NBA Digital partnership, the new offering was created by installing new cameras in all 29 NBA arenas with each game having a designated

producer specifically for NBA Mobile View.

In 2014, Globe Telecom and NBA signed a comprehensive, multiyear partnership that involves offering customers exciting NBA-related promotions

NBA... from page 7

archived NBA videos and TV shows including Hardwood Classics and NBA Inside Stuff. Fans can experience these in HD video with games having an option for home and away game commentary and integrated game stats modules.

NBA LEAGUE PASS, t he le ague’s live games subscription service, will introduce a completely new way to watch basketball on mobile devices and tablets throughout the 201617 NBA season with the introduction of NBA Mobile View. The new NBA Mobile View meets the needs of today’s sports fans and their desire to consume content on the best screen available by providing a zoomed-in, tighter shot of the action that it optimized for the

more effective than powdered ingredients. It is a product of extensive research and development that guarantees top quality and excellent promising health results which makes it absolutely different from other energ y preparation.

Note that, Robust Energ y C apsu le is not a medicinal drug and shou ld not b e us e d to t re at t he sy mptoms of any disease.

Robust Energy Capsule is SRP P15.00 per capsule, available at all Mercur y Dr ug stores and ot her leading drugstores and supermarkets nationwide!

For more information about Robust Energ y C a p s u l e , v i s i t w w w. f a c e b o o k . c o m / AT C R o b u s t E n e r g y o r c a l l AT C H e a l t h c a r e Customer Care at 8055888 / 403-5888 / 09093333333 and 09175623333.

an d pre m iu m s e r v i c e s headlined by NBA LEAGUE PAS S for l ive and on demand HD access to the NBA regular season and marquee events including the All-Star Weekend, NBA Playoffs, and The Finals.

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CONGRATULATIONS AWARDEES!

9

BusinessWeek MINDANAO www.businessweekmindanao.com

FEATURE

Monday | November 7, 2016

10

PICMW- Mindanao’s Outstanding Construction Industry Leader

P

hilippine Iron Construction and Marine Works, Incorporated or PICMW is a project management company focused on general, industrial and marine engineering.

The company operates facilities in Jasaan, Misamis Oriental.

The company deploys engineers overseas where it has partnered with several multinational engineering and construction firms. PICMW has supervisory and management personnel distributed throughout the world sharing and learning expertise in the field of project management.

PICMW’s history dates back to 1934 when Meneleo Carlos Sr. established a small company called Philight Incorporated. In 1955, it entered into equipment fabrication and together with the engineers of Resins Incorporated assisted in the design and construction of its chemical facilities.

In 1969 Resins Inc. ventured into Mindanao.

Realizing the potential growth of the region, PICMW also established its facilities in Jasaan, Misamis Oriental, Mindanao. During this time, the

company ventured into ship building as a pioneer shipbuilder.

It expanded its capabilities through the years, not only in shipbuilding and ship repair, but also in steel fabrication and erection. Today, PICMW’s shipyard in Mindanao operates the only syncrolift dry dock facility with a side transfer rail system in the Philippines.

The company ventured into the shipbuilding industry in 1972 and was registered with the Board of Investment as a pioneer shipbuilding.

From 1976 up to 1979, Japanese technicians were hired in cooperation with Mitsui Ocean Development Company (MODEC), and Kanrei Shipyard to upgrade the skills of PICMW workers in moldlofting, fabrication, erection and machinery installation.

During this period, seven selfpropelled vessels were constructed, financed by the World Bank and classed to American Bureau of Shipping (ABS).

In 1990, German consultants in

cooperation with MARINA conducted welding seminars and onthe-job training for our welders in Jasaan. In 1993, PICMW was chosen as one of the recipients of a training program sponsored by the Development Bank of the Philippines (DBP) in cooperation with the Norwegian firm, SHIPDECO A/S. SHIPDECO introduced innovative systems to improve the ship building and ship repair capabilities of PICMW. The Marine Division provides 3 major services: ship building/ repair, ship design and ship management.

PICMW is duly licensed by the Maritime Industry Authority (MARINA) and is a Founding Member of the Shipyard Association of the Philippines (ShAP).

(Left) ENGR. ARNOLD PEPINO, Production Manager of HOLCIM MisOr Plant, presented the recognition to PICMW ( Philippine Iron Construction & Marine Works, Inc. PICMW ) representative Engr. Roberto Quicio (right).

11

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Monday|november 7, 2016

Amend... from page 1

companies from prowling 15 kilometers from the coastline.

Such provision is impractical because the Philippines is archipelagic in nature, hence 15 kilometers of a particular municipal’s coastline is also 15 kilometers from the coastline of another island, Baculio said.

“It means commercial fishing companies have nowhere to go. And it is not us who will suffer, but the people employed by us,” he said.

Misamis Oriental has 21 listed commercial fishers with at least 600 labor force, mostly fishermen.

B ac ulio p ointed out that Section 86 of the said Republic Act is ironic. It states that “it is unlawful for any commercial fishing vessel to fish in municipal waters” was to give chance for small-scale fisherfolk to hunt within the 15-kilometer zone.”

He said our legislators have failed to recognize that fisherfolks employed by commercial fishing vessels will eventually lose their jobs if the law is implemented.

CFAMO raised their concerns after the regional office of the Bureaus of F i s h e r i e s a n d Aq u at i c R e s o u r c e s ( B FA R ) i n Northern Mindanao had started implementing the new Fisheries Code and has already imposed penalties to violators.

The group first lodged their complain before the Sangguniang Panlalawigan (SP) but after a shouting match with BFAR representatives in a meeting last week, the provincial board ruled to ask CFAMO to refer the matter to Congress for appropriate action.

Law...

from page 1

Glenn Jay A. Reston, acting head of the multi-sectoral MPCM, said initiatives are being taken to push for the refiling of bills to establish the MinPoCor, a governmentowned and controlled agency that will manage the two power assets, and ensure competitive power rates in Mindanao.

A consolidated bill on the creation of MinPoCor has passed the committee level at the House of Representatives in the previous Congress, but the counterpart bill in the Senate was opposed by Senator Sergio R. Osmeña III who chaired the energy committee. “(MinPoCor) will help maintain affordable electricity rates in Mindanao and assure that the revenues earned will also be reinvested in the island,” Mr. Reston said in an interview.

He cited that power coming from the governmentrun hydroelectric plants has a generation rate of about P3 per kilowatt-hour (/kWh), a little more than half of the private sector generation rate of about P5.50/kWh. The Agus and Pulangi

have a combined installed capacity of 982 megawatts, and can continue to be among the main baseload power plants in the southern island when rehabilitated.

The rehabilitation work has been initially estimated to cost at least P4.94 billion.

Mindanao business leaders passed a resolution supp or ting MinPoC or’s establishment during the 24th Mindanao Business Conference in 2015.

The privatization of the two hydro-electric plants is provided under the Electric Power Industry Reform Act of 2001, and was initially planned in 2011.

However, both private sector stakeholders and public officials in Mindanao opposed the move, mainly due to power rate concerns.

The privatization was also put on hold in consideration of the tight power supply in the south beginning 2010.

-- Carmelito Q. Francisco

Tour...

from page 1 tourism spots in the locality, particularly the Agutayan White Island, Philippine Sailfin Lizard Park and Sagpulon Falls. These known tourism sites are either owned or operated by the local government or the province of Misamis Oriental.

Targetted to take off by January next year, the tour package was formulated by no less than Gov. Yevgeny Vi n c e n t e E m a n o w h o had made tourism as his centerpiece program.

Emano noted that Jasaan wou l d b e a c atch me nt for tourists following the development of four tourism spots located in the municipality.

The governor said the rationale was that the overall income and liveli ho o d opp or tunities for lo cal residents and the whole province in general would revolve around tourism industry.

“Everybody will benefit when tourists come in – from the banca steerers to the food vendors to the habal-habal drivers,” Emano said.

The concept is amazingly simple.

Tourists would be offered to sightsee the scenic and breathtaking Agutayan White Island early in the morning.

By 9 a.m., they will be guided to dock at the local fishport where tourists are encouraged to buy local fish produce to be barbecued later during lunch time. With still two hours left before luncheon, tourists will then be steered towards the Philippine Sailfin Lizard Park which has more than 50 such lovely reptiles under the custody of couple Rodolfo and Alma Dael.

They will then have lunch and enjoy the rest of the day in Sagpulon Falls.

So how would tourists know about the existence of such package?

Mayor Po explained that he has already partnered with several hotels in Cagayan de Oro which will be handing out the tour package as part of their offerings.

The first hotel which heeded the call was N Hotel.

Manager Ami Saniel herself graced the opening of the Agutayan jump-off point in barangay Jampason last week and met with Emano and Po to finalize the terms and conditions of such tour package.

Forum... from page 1

focusing on the theme, “Poverty Reduction through the Vigorous Implementation of t h e Te n ( 1 0 ) - Poi nt Socioeconomic Agenda.”

The Nov. 8 and 9 forum at the SMX Convention Center here will provide the new administration the opportunity to share its strategy in translating the 10-Point Socioeconomic Agenda into concrete programs, activities and projects in the Philippine Development Plan (PDP) 2017-2022 of the National Economic Development Authority (NEDA).

Organizers have lined up five breakout groups that will discuss the Duterte’s 10-point socioeconomic agenda, most especially focusing on macroeconomic and f iscal Policies, Mindanao development, rural development, human capital development, and inf rastr uc ture and competitiveness.

The recommendations from the forum will be used to combat poverty by cutting

from the current 26 percent to 17 percent by 2022, the end of Duterte’s term.

The PDF, headed by Finance Secretary Carlos G. Dominguez III, will b e p ar t icip ate d by t he national government and local government units (LGUs), business sector, the development partner community, the academe and civil society organization.

“This is an opportunity for us to share our development strategy in significantly reducing the poverty rate and making growth inclusive for all Filipinos under the Duterte administration’s 10-point socioeconomic agenda, and at the same time, generate commitments from our development partners, the LGUs, civil society and other sectors in supporting this agenda,” Dominguez briefed reporters at the Malacañan Palace on Wednesday.

The event will be graced by cabinet secretaries, with Dominguez and Presidential Adviser on the Peace Process (PAPP) Jesus Dureza opening the event.

The Philippines’ development partners, such as the World Bank, the Asian Development Bank, and other global financial institutions, along with civil society groups and representatives of foreign governments, are also invited to participate in the two-day forum, he said.

A NEDA representative will present how the Duterte

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City Branch 22 OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE EJF File No. 2016-472 Upon Extra-Judicial petition for sale under act 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND, mortgagee, with office address at Pag-ibig Building, J.R. Borja St., Cagayan de Oro City, against LASYLEE LOU L. AVANCENA, married to Jerome N. Marte, mortgagor/s, of legal age/s, Filipino/s with postal address at Block 33 Lot 1 & 3 , San Agustin Valley Homes, Canitoan, Cagayan de Oro City, to satisfy the mortgaged indebtedness which was as of August 5, 2016 amounts to TWO HUNDRED FORTY EIGHT THOUSAND NINE HUNDRED EIGHT PESOS and 03/100 (P 248,908.03) Philippine Currency including interest & penalty charges, excluding attorney’s fees and expenses of foreclosure, the undersigned sheriff will sell at public auction on November 28, 2016, at 10:00 a.m. or soon thereafter at the City Tourism Hall, City Hall, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the herein described property and all improvements thereon to wit: TRANSFER CERTIFICATE OF TITLE NO. T-194167

Lot : Portion of Lot : As Surveyed for : Location : Area :

Lot 1, Block 33, Psd-10-039732 Lot 1, Pcn-104305-00191 Pueblo de Oro Development Corporation Canitoan, Cagayan de Oro City FIFTY FOUR (54) SQ.M. MORE OR LESS

TRANSFER CERTIFICATE OF TITLE NO. T-194168

Lot : Portion of Lot : As Surveyed for : Location : Area :

Lot 3, Block 33, Psd-10-039732 Lot 1, Pcn-104305-00191 Pueblo de Oro Development Corporation Canitoan, Cagayan de Oro City FIFTY FOUR (54) SQ. M. MORE OR LESS

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

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

In the event the public auction should not take place on the said date, it shall be on the next working day without further notice.

Cagayan de Oro City, October 11, 2016.

FOR THE PROVINCIAL EX-OFFICIO SHERIFF:

(Sgd.) JOEL LYDWEL G. PAKINO Sheriff IV

BWM: Oct. 31, Nov. 7 & 14, 2016

administration’s 10-point Socioeconomic Agenda will be translated into a plan of priority actions through the PDP 2017 to 2022, considering the results of the Sulong Pilipinas dialogues with the business community, civil society organizations, local government units, and champions of climate change.

Income... from page 5

Cost-to-income ratio is currently at 50.7 percent, lower than the 51.9 percent in end-September 2015.

Return on assets (ROA) is now at 1.5 percent and return on equity (ROE) is at 14.7 percent.

Securities declined by 0.3 p ercent to P302.45 billion, bulk of which are those held to maturity at P262.88 billion “as the Bank continues to remain highly defensive against a rising interest rate environment.”

T h e B a n k’s c a p i t a l amounted to P165.56 billion, 10.1 percent up compared to the end-September 2015 level.

Capital Adequacy Ratio (CAR) is now at 14.2 percent and the Common Equity Tier 1 (CET1) is at 13.3 percent.

Un d e r BA SE L I I I , which the Bangko Sentral ng Pilipinas (BSP) fully implemented on Jan. 1, 2014, banks need to have not only a minimum 10 percent CAR but also a CET1 ratio of at least six percent and Tier 1 capital ratio of at least 7.5 percent by 2019.

Metrobank... from page 5

Investment Grade Total R etur n Index and 10% Philippine Dollar Deposit Savings Rate.

The Ty-led bank saw its net income dip in the first nine months of the year to P12.6 billion from P13.3 billion in the comparable period in 2015.

The bank has 967 branches and 2,345 automated teller machines. About 55% of its branches are in the countryside, with some 130 branches in Visayas and 100 in Mindanao.

Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region BRANCH 42 Medina, Misamis Oriental -o0oHDMF (Pag-IBIG Fund) as rep.

EJF FILE NO. 358-M(2016) by its Branch Manager,

Mortgagee, FOR: EXTRAJUDICIAL FORECLOSURE

OF REAL ESTATE MORTGAGE

-versus- UNDER ACT 3135. AS AMENDED

BY ACT 4118 ELYNN V. MOLINA Mortgagor.

x---------------------------------------/

SHERIFF’S NOTICE OF EXTRAJUDICIAL SALE Upon extrajudicial petition for sale under Act 3135. As amended

by Act 4118 filed by the HDMF (Pag-IBIG Fund) as rep. by its Branch Manager, mortgagee, against ELYNN V. MOLINA, mortgagor, with residence and postal address at Maanas, Medina, Misamis Oriental, to satisfy the indebtedness of the mortgagor to the former in the amount of NINE HUNDRED SEVENTY EIGHT THOUSAND EIGHT HUNDRED FIFTY ONE PESOS & 73/100 (P978,851.73), Philippine Currency, including interest due, penalties and other charges as of April 25, 2016 plus all other expenses incurred in connection with this petition and sale, the undersigned RTC-Branch 42 Sheriff’s sell at Public Auction on November 14, 2016 at 10:00 o’clock in the morning or soon thereafter at the Hall of Justice, RTC-Branch 42, Medina, Misamis Oriental to the highest bidder for cash and in the Philippine Currency, the following property with all improvements thereof, to wit: TRANSFER CERTIFICATE OF TITLE NO. 136-2014001727 A PARCEL OF LAND (LOT 19, BLOCK 7, PCS-10-001586, BEING A PORTION OF LOTS 16-G-3-A AND LOT 16-G-3-B PSD-10-019173), SITUATED IN THE POBLACION, MUNICIPALITY OF MEDINA, PROVINCE OF MISAMIS ORIENTAL, ISLAND OF MINDANAO, BOUNDED ON THE NW, ALONG LINE 1-2 BY LOT 16-G-4, PSD-10-005419; ON THE NE., ALONG LINE 2-3 BY LOT 18; ON THE SE., ALONG LINE 3-4 BY RAOD LOT 7; ON THE SW., ALONG LINE 4-1 BY LOT 20, ALL OF THE SAME BLOCK OF THE CONS. SUBD., PLAN PCS-10001586, BEGINNING AT A POINT MARKED “1” ON PLAN BEING N., 59 DEG. 00’ W., 773.59 M. FROM BLBM. NO. 1, CAD-347, MEDINA CADASTRE THENCE; 1-2 N., 77 DEG. 04’ E., 7.60 M. TO POINT 4; 4-1 N., 12 DEG. 56’ E., 9.60 M. TO POINT 3; 3-4 S., 77 DEG. 04’W., 7.60 M. TO POINT 4; 4-1 N., 12 DEG. 56’ W., 9.60 M. TO POINT OF; BEGINNING, CONTAINING AN AREA OF SEVENTY THREE (73 SQUARE METERS MORE OR LESS. ALL POINTS REFERRED TO ARE INDICATED ON THE PLAN AND MARKED ON THE GROUND

BY PS CYL CONC. MONS 15 X 40 CM. BEARINGS TRUE, DATE OF ORIGINAL SURVEY NOV. 6 – DEC. 15, 1931 AND THAT OF THE SUBDIVISION MARCH 2, TO APRIL 11, 1995 EXECUTED BY CALVIN C. FERNANDEZ., GEODETIC ENGINEER AND APPROVED ON JULY 13, 1995.

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

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

Medina, Misamis Oriental, July 19, 2016.

BWM: Oct. 24, 31 & Nov. 7, 2016

(Sgd.) ALFRAN R. MABELIN RTC- Branch 42 Sheriff IV

BusinessWeek MINDANAO www.businessweekmindanao.com

Monday | November 7, 2016

Rotary 12

Drugs, Alcohol and HIV Prevention

Drugs are addictive, escaping is hard, don’t start

T

(Anti-Drug Abuse Campaign 2016) Summary

he program started at eight o’clock in the morning after all cadets from College of Maritime Education occupied all the seats.

The program started with Invocation followed by National Anthem and CU hymn that was led

by Maritime Education Melodic Circle (MEMC).

After that is the opening remark by the President of RC West CDO. After the opening remark is the welcome address by the Atty. Casimiro B, Juares Jr. And after that is the start of seminar proper.

The seminar proper started with the introduction of the speaker.

After that the first speaker started his speech. At first he showed us a short video of a chicken like animation where after the chicken slurped the jelly like food, he felt that he was flying and after that he continues to find that jelly like food because it makes him felt good. The video shows the effects of drugs after we only try it ones, we became addicted to it and do everything even bad things to get a taste of that dangerous drugs. He also told us that drugs can affect the body in different ways.

In fact, some drugs can even change a person’s body and brain in ways that last long after the person has stopped taking drugs, maybe permanently. He even told us that depending on the drugs, it can enter the human body in a number of ways, including injection, inhalation and ingestion.

The method of how it enters the body impacts on how the drugs affect the person.

For example: injection takes the drugs directly into the blood stream, providing

more immediate effects; while ingestion requires the drugs to pass through the digestive system delaying the effect. He also told us that the most abused drugs directly or indirectly target brain’s reward system by flooding the circuit with dopamine. Dopamine is a neurotransmitter present in regions of the brain that regulate movement, emotion, cognition, motivation, and feelings of pleasure. When drugs enter the brain, they can actually change how the brain performs its jobs.

These changes are what lead to compulsive drug use, the hallmark of addiction.

The second speaker told us about his experience as a drug user. During his youth he is using drugs for fun. He even has schedule on how often he will take the dangerous drugs. There were even a time that he take drugs every day and did not sleep for one week because he still has energy do things, during that time he didn’t even took a bath before going to school because he thinks that his body is still clean. And when he played basketball with his friends, his friends was shocked because he jumped so high and didn’t break a sweat during the game and still has a lot of stamina. But after the drug worn out, he feels that his body was so heavy and feels very tired and he even caught a fever. He took a rest for a few days because of that. After he heals, he took drugs again with same amount like last time but he felt has the effect was lacking, he increased the amount of drugs again and again and again to make himself feels good. But after he reach an age of thirty-

one, his mind was awakened that taking drugs makes life shorter and it takes a lot of money so he stopped and changed his life.

After the speech of second speaker, the RC West CDO sponsored the raffles. They gave out money worth 500 pesos for the two lucky cadets, one from BSMT and one for BS-MarE. After they gave out money, they gave other lucky cadets few umbrellas. After the raffles, there is a short intermission number and then the last speaker started her speech.

The last speaker’s speech is all about HIV. She told us first the definition of HIV. HIV or Human Immunodeficiency Syndrome is a virus that causes AIDS and is a human condition in which progressive failure of immune system allows life threatening infection and cancers to infect the body.

She also told us that HIV can’t be passed through the bite of mosquito. HIV can only be transferred from blood, semen, viginal fluid, pre-ejaculation, breast milk and other fluids secreted by the human body that was affected by HIV. She also told us that HIV can also be transmitted from pregnant

mother to her child in her uterus. If a married man that is affected by HIV wishes to have a child, she told us that he can have a child through artificial insemination by choosing the unaffected sperm cell from the father and injects it to the mother to avoid the mother and the child being affected by HIV. And she told us that every time we undergo sexual intercourse with our partner (girlfriend) we must use condom to protect ourselves and our partner from being affected

by HIV to have a happy and safe sexual life.

The last part of the program is the Closing Remarks by President of College of Maritime Education-Student Body Organization and Distribution of Tokens and Certificate but before that the RC West CDO asked for a pictorial with CME cadets.

The program was successful because of the following sponsors: RC West CDO, Prof. Quivido Origines and Capitol University. We, the students of College of Maritime Education, are thankful for them because we learn a lot from them and we can even apply what we learned into our lives.