BusinessWeek Mindanao (November 9, 2016)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 070

Market Indicators

As of 6:20 pm November 8, 2016 (tuesday)

FOREX

PHISIX

US$1 = P48.626

7,307.80

X

8.1 cents

X

110.61 points

Briefly Catanico Spring SUPPORTING ways to boost the tourism industry in Cagayan de Oro, the 18th City Council during its regular session on Monday is slated to act on the proposed ordinance authorizing the city mayor to sign a Memorandum of Agreement (MOA) with the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) for the development of the F.S. Catanico Spring Resort Project located in Barangay F.S. Catanico. TIEZA is an agency attached to the Department of Tourism (DOT), which is tasked to designate, regulate and supervise the Tourism Enterprise Zone (TEZ) as provided for by Republic Act 9593 or the Tourism Act of 2009. Under the proposed MOA, TIEZA shall conduct a public bidding for the implementation of the project and supervise its development.

Peace and dev’t DAVAO City -- Finance Secretary Sonny Dominguez confirmed the P6.4Billion-soft loan granted by the Japanese government to the Philippines. He told reporters that the Philippines will also acquire in form of loans boats for the Philippine Coast to be used in running after illegal fishing and to ensure the safety of the country’s borders. “We signed P6.4-Billion-soft loan, where the interest is very low that is forty years to pay,” Dominguez said. He said there are 12 coast guard vessels all in all, with measurements ranging from 45 meters to 90 meters.

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Wednesday | November 9, 2016

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AVAO City -- Finance Secretary Carlos Dominguez III said the Duterte administration is fully committed to advancing a mix of policy reforms, management innovations, and the optimal use of information technology for it to stage nothing short of a “cultural revolution” to make government agencies responsive to the needs of the people and businesses. cultural/PAGE 11

Lumads in seek DENR-10 help over land dispute By GERRY LEE GORIT, Reporter

CLOSE to a hundred members of the Higaonon tribe in Misamis Oriental trooped to the regional office Department of Environment and Natural Resources-10 (DENR-10) in Cagayan de

Oro to ask help over the land which they claimed have been taken away from them. The Higaonon peasants f rom Lu g ait , C l ave r i a , Kinoguitan and Gingoog lumads/PAGE 11

SHALLOW WATERS. A boatman negotiates the shallow waters off Barangay Talisay in the municipality of Hinatuan in Surigao del Sur to ferry picnickers into a swimming area with a sandbar farther from the shore. MindaNews photo by Bobby Timonera

Seal of Good Governance winners bared By MARK D. FRANCISCO, Staff Writer

THE Department of Interior and Local Government (DILG) has recently announced the winners for the coveted 2016 Seal of

Good Governance. The following are the local government units from Northern Mindanao which won the award: the

provinces of Camiguin, Lanao del Norte and Misamis Occidental; the cities of Valencia and Oroquieta; and the municipalities of Dangcagan, Impasug-ong, bared/PAGE 11

THE country’s economic managers are aiming for the eradication of hunger and poverty within one generation, with the Philippines becoming a

prosperous, predominantly middle-class society by 2040. This was disclosed by Finance Secretar y C arlos D ominguez III, Socioeconomic Planning

Secretary Ernesto Pernia, and Presidential Adviser on the Peace Process Jesus Dureza at the plenary session on Tuesday of the 2016 society/PAGE 11

PHL eyes middle-class society by 2040 CABLE GUY. A utility worker installs internet cable along McArthur Highway, Matina, Davao City. MindaNews photo by Toto Lozano

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MinDa calls on stakeholders support to IRS

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IGHLIGHTING the gains that the 3rd International River Summit (IRS) will bring to the rehabilitation and protection of our country’s major river basins, the Mindanao Development Authority (MinDa) called on key stakeholders to be part of the initiative set on 24-26 November 2016 at the Pryce Plaza Hotel, Cagayan de Oro City. Interested participants are advised to pre-register online at www.3rdirscdo. com. Lourdes Enjambre of MinDa said the summit is a venue to share best practices on the implementation of programs and projects, not just here in the country but across the globe. Various ambassadors

and international agency p a r t n e r s h av e a l r e a d y committed to sp eak in the plenar y sessions to include Russia, Netherlands, B ang l a d e sh , Un ite d Kingdom, and Australia, among others. Enjambre said this is a good learning experience for the local chief executives, env i ronment a l of f i c ers and planning officers as they also gather support from the non-government organizations (NGOs) and academe. A mini-exhibit of the eight major river basins in Mindanao, to include the Mandulog River Basin will be among the highlights of the IRS summit which aims to showcase notable river management initiatives to some 1000 expected

delegates. The event is co-hosted by the local government of Cagayan de Oro City, Department of Environment and Natural Resources, Cagayan de Oro River Basin Management Council, and the League of Cities of the Philippines. MinDa, for its par t, p e r for ms an ove r s i g ht function in all Mindanao river basins, attuned to its “Mindanao Nurturing Our Waters Program.” In an interview, Enjambre a l s o re p o r t e d t h at a l l river basins in Mindanao have already crafted their respective master plan, while it’s only in Butuan City that’s pending for approval by the Regional Development C ou n c i l ( R D C ) but i s targeted to be passed within

the year. She said that while they are eyeing to institutionalize the budget that will support

to the priority programs and projects identified in the protection and preservation of the watersheds, they are

at the same time hopeful for the creation of an executive order to bridge the gap. (JCV/PIA-10)

BUTUAN City -- In its thrust to improve and expand the agriculture program, the provincial government of Agusan del Norte continues its harmonious ties with the Department of Agriculture (DA) to boost animal production and agriculture production and is set to receive donations from the latter. Just recently, the Sangguniang Panlalawigan of Agusan del Norte authorized Provincial Governor Ma. Angelica Rosedell M. Amante-Matba through Sangguniang Resolution No. 053-2016, to sign the Deed of Donation for and in behalf of

the province with the DA the availment of two units semi-air tight canvass-lined seed storage (SACLOB) with a capacity of one metric ton (50 bags at 20 kgs/bag). On the other hand, another Sanggunian Resolution No. 0542016, authored by Provincial Board Member Virgilio R. Escasiñas, Jr., authorized Gov. Amante-Matba to sign the Deed of Donation with the DA relative to the provision of six heads swine, five heads gilt and one head boar as breeder stocks of the province. During the deliberation of the committee meeting of the Committee on Cooperative,

Community Organizations, Agrarian Reform, Agriculture and Indigenous People’s concern, chaired by PBM Escasiñas, Jr., it was found out that the terms and conditions of the donation were mutually agreed upon and that the province has all the rights and interests of the donated ownership free from all liens and encumbrances, thus recommended to authorize the provincial governor to sign the deeds of donation as this is in line with the development agenda of the province particularly on agriculture. (Aimee B. Sienes, LGU-Agusan del Norte/PIAAgusan del Norte)

AgNor boosts agriculture programs

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wednesday|november 9, 2016

Alsons diesel power plants secure ISO certifications

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LSONS Consolidated Resources, Inc. has secured ISO certifications for two of its power group’s diesel-fired plants, the Alcantara-led listed company said in a statement. Tirso G. Santillan, Jr., the group’s executive vicepresident and chief executive officer, described the ISO 14001:2015 certifications as “a clear assurance that we are treading the right path.” The certifications were given to Western Mindanao Power Corp.’s 100-megawatt (MW) diesel power facility in Sangali, Zamboanga City,

and Southern Philippines Power Corp.’s 55-MW diesel plant in Alabel, Sarangani province. The Alsons units met the standard in seven months or way ahead of a three-year assessment period, the company said. The ISO 14001 standard “is considered the most important within the ISO 14000 series as it specifies the requirements of an environmental management system for both small and large organizations,” Alsons said. It added that adherence to the standard meant its two plants “are proactively

mitigating environmental impacts with innovative steps and processes.” The certifications are proof the two plants comply with laws and regulations, Alsons said. “ We v a l u e t h i s accreditation because it boosts the continuity and sustainability of the business through improved resource efficiency, reduced waste products, prevented risks and maximized opportunities. Moreover, this accreditation is a firm testament to our commitment to protecting the environment and the communities where we live

and work,” Mr. Santillan said. Alsons’ power group also operates the 103-MW Mapalad Power Corp. diesel plant in Iligan City. It started the commercial run early this year of the first 105MW section of the 210-MW Sarangani Energy Corp. coalfired baseload power plant in Maasim, Sarangani. Other projects are in different stages of development. By 2019, the company expects to reach a generating capacity of 588 MW, which it estimated to account for 25% of Mindanao’s projected peak power demand for that year.

ArthaLand’s Cebu Exchange to boost VisMin economy THE Cebu Exchange project is seen to help boost Cebu’s economy over the next five to six years as the Century Pacific Group of the Po family-led ArthaLand embarks on the first green office undertaking in the Visayas and Mindanao. Cebu Exchange, customdesigned for the information technology and business process management (ITBPM) ecosystem, will rise along Salinas Drive, and accommodate at least 13,000 seats, which translates to about 40,000 business process outsourcing (BPO) agents for three-shift operations. Cebu Exchange above. The numbers translate to an estimated annual income of PhP 7.2 billion for Cebuanos and the rest of the VisMin community who will be directly employed by companies choosing to locate in the Grade-A development. This does not include thousands of jobs to be generated while the Php8billion project is being constructed at the Cebu IT Park area. According to Frost & Sullivan, a consulting firm for market research and analysis, growth strategy consulting, and corporate training ser vices across multiple industries, there is an additional multiplying factor of three or four jobs generated for every direct job in the information technology and business process management industry. Cebu Exchange is set to rise along a major thoroughfare and is easily accessible to key destinations such as the Cebu Business Park, the MactanCebu International Airport, and neighboring cities and municipalities. Location is a major factor considered by major locators as well as potential workforce. IT-BPM expansion In its Roadmap 2022,

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the IT & Business Process Association of the Philippines (IBPAP) foresees as many as 1.8 million Filipinos earning an estimated US$ 38 billion by the end of the period. According to the association, the Philippine IT-BPM sector is set to grow from 12.6% global market share in 2016 to 15.5% by 2022. This is achievable as long as the country provides BPO-friendly settings, such as upgrading of the talent ecosystem, enhancing competitive incentives and regulations, developing infrastructure in next-wave cities, and sustaining high business confidence, among others. To further achieve these targets, IBPAP also sees the expansion of the industry outside Metro Manila as a big boost. Cebu City is among the top choices of large BPO companies to locate after the National Capital Region. Cebu’s advantage Tholons, a leading fullservice strategic advisory firm for global outsourcing and investments, identified Cebu as among the top 10

preferred destinations of BPO companies in the world. According to the Cebu Investment Promotions C enter, C ebu is highly competitive due to several solid factors: It has a welldeveloped international air and sea ports and is on its way to develop more infrastructure. Cebu has quality labor force produced by over 400 s econdar y schools, over 30 colleges, and 11 universities, turning out an average of 23,000 college graduates annually. Another advantage is Cebu’s 30% lower overall cost of living compared to Metro Manila, leading many industry observers to cite it as one of Asia’s cities of the future. Greening the landscape For its part, ArthaLand s e e k s t o c h an g e C e bu City’s property landscape by introducing the first and only Grade-A office development in Visayas and Mindanao purposely aimed at achieving dual green building certification. The goal for Cebu Exchange is to achieve certification from the US boost/PAGE 11

Globe 9-month profit down 17% to P11.7b

GLOBE Telecom reported on Monday that its net income went down by nearly a fifth in the period ending September as depreciation costs took a toll even as the company's service revenues went up on the back of continued growth in data products. Globe's net income for January to September this year dipped 17% to P11.7 billion from P14.1 billion in the same period last year, attributed to depreciation costs and nonoperating charges, including P641 million incurred in the acquisition of a portion of San Miguel Corp's Vega Telecom last March. The company's service revenues for the nine months, however, went up 7% to P89.1 billion due to growth in data products. Mobile data remained the top contributor, with revenue contribution up 31% to P25.2 billion from P19.1 billion. As has been the trend for the past few years, voice and SMS profit/PAGE 10

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Chan-jo Jun. In the suit, he accuses Facebook of t o l e r at i n g ap p e a l s f o r murder, threats of violence, and Holocaust denial, among other things. Laws regulating hate speech in Germany are extremely tight, with most Nazi symbolism and racist propaganda strictly forbidden, a legac y of Germany’s role in World War II. Although Facebook is obliged to remove illegal content from its site, it has repeatedly garnered hefty criticism for the time it takes to do so. German Justice Minister Heiko Maas has made hate speech on social media something of a pet project, threatening Twitter and Facebook specifically with being “too slow” in removing offending posts. Maas has pushed a new initiative in Brussels to create EU-wide laws that would hand out stricter penalties for racist or xenophobic content. Spreading racist ideology can come at a hefty price in Germany. Last month, a man in Würzburg became the latest to see jail time over an online post advocating racial hatred. The posts in question advocated violence against Jews, foreigners, and refugees. Although

the defendant expressed remorse, he was handed a prison sentence of two years and three months. We all know: Facebook has often said it stands unequivocally against hate speech, and would work in the future to ensure a swifter removal of related posts. But what did really happened? Last December 2015, Facebook, Twitter and Google pledged to remove offensive posts in Germany within 24 hours. Users say their requests to take down hate speech often go unheeded. “In Europe we’re currently discussing the audiovisual directive,” Maas said in a veiled warning. It would regulate media providers’ material, including social media outlets that were currently “privileged” in not paying for such content, he said. In Europe! How about in Asia - in the Philippines? I strongly also agree with the German Justice Minister who stated, “The Internet is an asset,”, but we have a right this first, to ensure that hate mail is deleted and, second, that the perpetrators are detected.” Two weeks ago, Volker Kauder, the leader of Merkel’s p a r l i a m e nt a r y f a c t i o n warned that he had “run out of patience.”

H ave M y Say

Klaus Doring

He suggested a fine of 50,000 Euro (US$ 55,000) if Internet companies failed to take down hate posts within a week. The Brussel’s draft audiovisual directive already includes a passage entitled “prohibition of hate speech” that refers to a 2008 EU “framework decision” to tackle racism and xenophobia via criminal law proceedings. Its first two articles urge the bloc’s 28 member nations to punish persons who publicly incite or aid and abet violence and hatred with prison terms of up to three years. Liable legal entities can be fined or lose subsidies. +++ Email: dor ingklau s@ gmail.com or follow me in Facebook or Twitter or visit www.germanexpatinthephilippines.blogspot.com.

Will Filipino politicians remain greedy?

Philippine Press Institute Oro Chamber

Your biggest bank account Think a minute…Imagine that ever y morning somebody put $86,400 in your bank account. Then, every night whatever you didn’t spend that day was taken out of your account and thrown away. Wouldn’t you take out every cent of your $86,400 and spend it every day? So none of it would be wasted or thrown away. Did you know that you really have a bank account just like that one? It’s called TIME. Every morning our time bank gives you and me 86,400 seconds. Then, every night the time we did not use that day is gone. So we must use it all up or lose the time each day we do not spend well. You use it or lose it. Then what are the best bargains and deals in life which are worth our valuable time? Would you like to know the two best investments of your time that will bring you real success and wealth in your life? The first smart investment of your time is people. Spend your time with your family. At the end of your life, you will never be sorry for the time you spent with your children, your wife or husband, your

Do you have a Facebook account? You might reply, “What a crazy question! Of course, I do have!” How do you deal with hatred comments? Do you know how to deal with it? Delete - block - report etc. etc. Did you try it? A German Munich court to try Facebook’s Zuckerberg for inciting hatred. Mark Zuckerberg and several other senior Facebook staff are facing charges of abetting crimes like Holocaust denial. German authorities believe the social media giant is not doing enough to censor the offensive posts. The Munich court has opened a lawsuit against Facebook founder Mark Zuckerberg, German media reported last Friday. News outlet “Der Spiegel” wrote on its website, before the main weekly magazine’s Saturday release, that it had obtained court documents charging the social media mogul with incitement to hatred. Zuckerberg is reportedly being charged alongside Fa c e b o o k C E O S h e r y l Sandberg, chief Europe lobbyist Richard Allan, and his Berlin counterpart EvaMaria Kirschsieper. According to the “Spiegel”, the complaint comes from the Würzburg-based attorney

THINK

A Minute

Jhan Tiafau Hurst brothers and sisters, and your parents. We should also spend our time on the many people all around us each day to help make their lives happier. Spending your time on people gives you wealth and happiness that you can never lose The second, yet by far most important, investment of your time is to spend it with your own Maker. He is the Person Who Himself gives you every second you receive to keep living. You see, God didn’t just make us and then forget us. Quite the opposite! God created you to be His child and friend, so you can enjoy living every day with Him. That’s why God the Son came to show us what He’s like. He wants us to see the good life He hurst/PAGE 11

LIFE’S INSPIRATIONS: “… If you fully obey the Lord your God and carefully follow all his commands I give you today, the Lord your God will set you high above all the nations on earth. All these blessings will come on you and accompany you if you obey the Lord your God…” (Deuteronomy 28:1-2, the Holy Bible). -ooo H A V E O U R POLITICIANS BROUGHT ABOUT TREU CHANGE IN RP? Can anyone tell me how many electoral proclamations and elections have we already undergone as a Filipino nation? And, can anyone tell me, sincerely and truthfully, whether those who have been elected and proclaimed have made a difference in uplifting the lives of Filipinos? Has the Philippines really experienced economic growth already? Have poor Filipinos improved their lives? I guess everyone knows the answers to these questions. So, what is the use of elections and proclamations? It would seem only those who have been elected---by means fair or foul---and proclaimed, and taken office, benefitted from all these political and electoral exercises. But as far as the ordinary Filipino on the street is concerned, it is clear no benefit whatsoever has ever descended on him.

Yes, and I am saying this without fear of contradiction: ever since the Philippines started electing its officials from the start of its becoming a republic, or a supposedly free nation, from the Spanish era up to the present time, from every nook and cranny of the archipelago, a great number of Filipino electorate have remained poor, destitute, and lacking in even the most basic necessities in life. So, I ask again, what is the use of elections and proclamations? -ooo WILL FILIPINO POLITICIANS REMAIN GREEDY? Many will say, this is the fault of no one else but the voters themselves. They allow themselves to be bought, to be manipulated, to be cheated. They do not vote the really deserving, they do not concern themselves with the abuses and the crimes of those who have been voted before, so they have no reason to complain. If the system is loaded against them, it is because they have allowed the system to be loaded against them. Well, this is one way of seeing things. On the other hand, it is also said that this is the fault of our greedy and insatiable politicians and political leaders. They have no concern for the welfare of their constituents. Their only desire is to be elected, so they could use the power of their

office to further enhance their personal, family, and business interests. So they buy votes, they cheat, and they manipulate. The question is, where are all of these things headed for? Will the poor continue to allow themselves to remain the object of manipulation and electoral cheating and fraud? Will the rich and the powerful remain greedy and hungry for power and the perks and privileges that go with a government position? -ooo CHANGE IS COMING TO RP, BY GOD’S GRACE: It would seem that the answer to these questions are quite obvious. As things stand, the poor will continue to be abused and used merely as pawns by the rich and the powerful, while the rich will remain insatiable in their greed. Nothing is going to change, considering the tendency of many destitute Filipinos to simply accept the fate that has befallen them. But then this should not be for long. No matter how inconsequential this may appear to many, there are now well-defined groups in this country who believe that change will not come from the politicians, the rich and the mighty, and certainly not from the poor, but rather, will come from God, in His great mercy and love for those who believe Him and

K ak ampi

Mo A ng Batas

Atty. Batas Mauricio have faith in Him. These believers are now furiously working to change this country through the means provided for by God, in His Bible, particularly the portions therein which say that change for the better and for success will come by listening to God and careully obeying His commands. My fervent prayer is that these groups will accomplish their work in due time, by God’s permission. -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 HOURS a day, in the Philippines and the world at www.facebook.com/ angtangingdaan or www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

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Banking&Finance

BSP reminds public on end-December deadline to swap old paper bills THE Bangko Sentral ng Pilipinas (BSP) on Wednesday reminded the public about the December 31, 2016 deadline to swap holdings of New Design Series (NDS) paper bills. In a briefing, BSP Deputy Governor Diwa Guinigundo said about 10.5 percent of paper bills in circulation to date belong to the NDS and these amounted to about P26.1 billion. In terms of pieces, the number of NDS that are currently in use total to about 305.4 million. The central bank started to remind the public about the demonetization of NDS in 2015, five years after it issued bills included in the Generation Currencies (NGCs). NDS were issued since 1985 and had monetary value only until December 31, 2015. Holders of NDS can still exchange NDS paper bills at face value in banks, the Cash Department of the BSP and the various BSP offices nationwide. The BSP has extended the deadline for swapping of NDS for banks that have old series paper bills deposited to them and for Offices of Municipal/City/Provincial Treasurers. From the end-December 2016 initial deadline authorized agent banks and the treasurers of local government units (LGUs) are allowed to exchange NDS until March 31, 2017. Bills/PAGE 10

Inflation outlook: no price shocks till yearend, rates likely to be kept INFLATION was unchanged at 2.3% last month and economists do not foresee price shocks for the rest of the year. The result is also expected to figure in this week’s Monetary Board meeting. The unchanged inflation

rate was tracked as higher food prices traced to two typhoons were tempered by steady readings for non-food items. The result: up from 0.4 percent a year earlier; it fell within the Bangko Sentral’s 1.9 to 2.7 percent forecast

for the month. In a text message, BSP Governor Amando Tetangco said,”the turnout is in line w/ our view that inflation will be manageable over the policy horizon, and slowly rise to within target in 2017-18.” inflation/PAGE 8

Tax revenues from insurance industry rise 12% in 2015

TA X E S c ol l e c te d f rom operations of insurance companies rose 12 percent y e a r- o n - y e a r i n 2 0 1 5 , Insurance Commission (IC) data showed. In a report Tuesday, the agency said tax collections f rom life and non-life insurance companies

amounted to P19.38 billion last year, up from 2014’s P17.21 billion. The increase was attributed to collections of documentary stamp tax (DST), value-added tax VAT and other taxes. Total DST collections last year rose 4.18 percent

to P5.86 billion from P5.63 billion in 2014. VAT collections from the sector amounted to P6.32 billion in 2015, up by 32.34 percent from Php4.77 billion in the previous year. The IC explained that “non-life insurance policies tax/PAGE 8

Teachers as researchers: the emerging trend DARLENIE G. TULANG School Research Coordinator West City Central School, Carmen, Cagayan de Oro City

Gone are the days when teaching was a picture of teachers confined to the classroom with restricted pupil interaction – teaching 50 or so pupils, checking test papers or assignment notebooks, and attending occasional meetings and submitting month-end reports, a somewhat heavy but predictable 8 to 5 daily routine for a typical public school teacher. Days of routine and predictable activities will soon be over as a result of the growing popularity brought by action research. Three complementary factors appear to create an upsurge of interest in conducting action research among teachers. First, is that different regions of the country under the Department of Education actively advocate for activities in support of RA 9155, otherwise known as the Governance of Education Act of 2001, wherein the Department of Education is mandated “to undertake national educational research and studies from which it can become part of the basis for necessary reforms and policy inputs.” The Department of

Education, Region X, having advocated for such mandate has likewise directed the divisions of the region, such as DepEd Division of Cagayan de Oro, to undertake research activities that promote a culture of research and the use of tools to improve teaching practices in schools. Secondly, the strong support of division officials empowered various activities related to research. Under the vigorous leadership of DepEd Division of Cagayan de Oro Schools Division Superintendent, Elena M. Borcillo, CESO V, numerous trainings, seminars, workshops and symposia have been conducted throughout the division, underscoring the campaign of making children’s welfare and improvement at the forefront of the K to 12 program. Likewise, DepEd Region X, including the division of Cagayan de Oro has conducted annual Research Congress for teachers, school heads, and division officials to participate and present action researches in. Lastly, the teachers themselves have taken

proactive steps towards identifying the learning needs of their respective pupils. So what is action research and what is this “fuss” and emerging interest about doing research among teachers? As Brown (1994) suggests, “any action undertaken by teachers to collect data and evaluate their own teaching can be termed action research.” Teachers - upon seeing and observing that their pupils are failing in math, struggling with reading comprehension, exhibiting destructive behavior, repeatedly missing classes or dropping out of school altogether – must act, and by action it means conducting tests, surveys, and interviews, listening carefully to what their pupils are really saying or not saying, and observe regularly and thoroughly, the actions and behavior that either cause a problem or is an actual result of a prior, unresolved problem. This is where the surge of action researches comes in – finally, the teachers have taken notice, understood, and “acted.” Although not an entirely appealing concept by definition alone, action research and conducting one has started to catch the attention of many teachers especially in the

division of Cagayan de Oro, a proof of which is the rising number of paper presenters and research winners during the Division Research Congress, Regional Research Congress, National and International Research Conferences since 2013. This year alone, twelve international researches and one national research have been presented by teachers, school heads, and supervisors from the division, marking an unprecedented surge in interest and engagement in the area of research. The Division Research Coordinator himself, Dr. Joel D. Potane, EPS I, served as panelist in the International Research Conference on Sustainable Development 2016. With all these accomplishments, it is safe to say that research is alive and well in the division of Cagayan de Oro. The trend is robust and the list appears to be growing every so often. The number of success stories about teachers doing research continues to increase, indeed a welcome change of thinking and course of action from the teachers – no more dull routines, no more second-guessings, but definitely more action and interaction in the classroom; and that, is what teaching is all about.

5 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

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SM City Cagayan de Oro unveils Christmas 2016 centerpiece Story and Photo by MARK FRANCISCO

SM City Cagayan de Oro on Sunday unveiled its fairytalethemed Christmas centerpiece last Sunday for its valued shoppers to adore and be amazed. This, even as SM City Cagayan de Oro acting mall manager Constantine Arce once again urged shoppers to patronize its yearly shared social responsibility, Bears of Joy. Customers can purchase a pair of SM Cares Bears for only P200, keep one and the other, with the donor’s name, is shared to a child in need. Meanwhile,SMCityCagayan de Oro marketing manager Mark Torayno disclosed that there will be a fashion show featuring the holiday collections of selected Cagayan de Oro designers, the exact date of which is still to be

finalized. Aside from the holiday activities and food bazaars that will dot each and every SM mall all over the country, there is always

the joy of one-stop affordable shopping for everyone on your shopping list and hundreds of dining options for family reunions, friends’ get-togethers

and office parties. All are invited to be part of the magic this Christmas, as SM Supermalls goes all out with non-stop Yuletide fun.

Globe Telecom board approves 4Q P22/share cash dividend Globe Telecom announced that its Board of Directors approved the declaration of the fourth quarterly cash dividend of P22 per share

for holders of its common shares. The dividend will be paid to shareholders on record as of November 18, 2016, with payment date on

December 2, 2016. “The latest cash dividend payout brings total dividends for 2016 to P88 per common share.

From left: Rizza Maniego-Eala, Chief Finance Officer; Albert de Larrazabal, Chief Commercial Officer; Ernest Cu, President & CEO; Daniel Horan, Senior Advisor for Consumer Business; Gil Genio, Chief Information and Technology Officer; and Atty. Froilan Castelo, Globe General Counsel

This represents a payout rate of 77% of 2015 core net income on an annualized basis,” said , Globe Chief Finance Officer Rizza Maniego-Eala. Globe sustained its revenue growth momentum in the first nine months of the year with consolidated service revenues increasing 7% to P89.1 billion from the P83.4 billion recorded i n t h e s a m e p e r i o d of 2015. The robust revenue growth was spurred by the gains across data-related product segments, despite the increased competitive intensity. The company’s effective efforts in providing marketrelevant data offers, the best of breed solutions to cater to the evolving needs of its customers, backed by the significant improvements in its wireless and wired data networks, have paved the way for its continued success.

wednesday|november 9, 2016

Young adults comprise majority of investors in SSS voluntary provident fund Nearly two-thirds of investors in the Social Security System’s (SSS) voluntary provident fund created for local members are young adults of up to age 35, based on enrollment data of the SSS Personal Equity and Savings Option (PESO) Fund as of end of September 2016. SSS Officer-in-Charge of the Voluntary Provident Fund Department Marichelle L. Reyes said that 2,353 out of the 3,649 total PESO Fund enrollees are young adults mainly belonging to the “millennial” generation, while the rest are members aged 36 to 54. “PESO Fund aims to give members an extra layer of protection through a safe and secure savings facility for retirement and other needs. It is heartening to see a growing number of members taking the initiative to prepare for their future early in their working years,” she said. Employees comprised a large share of PESO Fund enrollment with 3,116 members or 85 percent, followed by voluntar y members with 321 enrollees or nine percent. Other enrollees include selfemployed individuals, household helpers and overseas Filipino workers (OFWs). “Slightly more female SSS members have joined the program so far with 57 percent as compared with only 43 percent for the male enrollees. We urge all members, regardless of gender, to invest in their future since financial emergencies can happen to anyone,” she said. Launched last year, the PESO Fund is a voluntary provident fund offered exclusively to active SSS members here and abroad. The program gives members another option to save their hard-earned money to supplement their social security benefits under the

regular SSS program. Te n S S S b r a n c h e s initially offered the PESO Fu nd u nd e r it s pi l ot implementation in May 2015, and it was then rolled out to all SSS branches nationwide in October 2015. Members have invested a total of P17.08 million for their PESO Fund savings as of September 30 this year. “All types of SSS members are eligible for the PESO Fund, provided they meet certain requirements such as payment of at least six consecutive contributions within the 12-month period immediately prior to the month of enrollment. They must also be 54 years old or below,” Reyes said. To qualify, members should have no final benefit claim under the regular SSS program. Those covered as s elf-employe d and voluntary should also be paying contributions based on the P16,000 maximum monthly salary credit, the highest income per month currently covered by SSS. “PESO Fund enrollees enjoy guaranteed and tax-free earnings on their savings. The funds are placed in investments with a sovereign or government guarantee, which is an assurance to members that their savings are safely kept for the long-term,” Reyes explained. Members can invest a maximum of P100,000 per year and a minimum of P1,000 per PESO Fund contribution. Selfemployed, voluntary and OFW members must have paid the maximum regular SSS premium of P1,760 for the same month as their PESO Fund contribution. “SSS memb ers c an also enroll in the PESO Fund by registering at the My.SSS portal of the SSS website at www.sss.gov. ph. By enrolling online, they can begin building up their investment and remit their PESO Fund sss/PAGE 10

BusinessWeek MINDANAO www.businessweekmindanao.com

Feature

Wednesday | November 9, 2016

7

The Night Stalker:

Cucina Higala champions Normin’s Heritage of Good Taste

W

hen TMU Food Corporation first thought of making over their trail blazing Thai Me Up Restaurant, they immediately thought of focusing on Heritage Filipino Cuisine from Cagayan de Oro and Northern Mindanao. “Kagay-anon loves to eat! We thought of naming it Cucina Higala after a long and thorough field research because we wanted a name which immediately brings Cagayan de Oro to mind, and has a Kagay-anon ambience to it.” Cucina, the Spanish word for kitchen which has been adapted into the local lexicon, and Higala (Bisdak for friends or family) since Cagayan de Oro has been tagged as the City of Golden Friendship. Ergo, Cucina Higala’s hash tag Good friends, Great food! “We’ve decided to focus on Modern Filipino and Heritage Cuisine knowing how fickle the taste buds and finicky the food trends are in these days of social media, Cucina Higala is a place to bring your family and friends for an unforgettable dining experience, an adventure of good food!” To field test their initial menu of 25 dishes put together after months of research, Cucina Higala will highlight heritage dishes like Cagayan de Oro’s Humba and Sinuglaw, as well as specialties from neighboring provinces like the Surol of Camiguin and Beef

Rendang of Lanao del Norte. The house specialities are their takes on the ubiquitous Kare-Kare and the rather more esoteric Callos. “We value our customer’s feedback and believe the customer experience plays a vital role in determining the future of our establishment,” said Brigen Sapitula, restaurant manager. “Once we have assimilated their response and critique of our initial menu, the rest will follow in a month or so, but we will continue our search for heritage and family heirloom recipes from all over Northern Mindanao’s which we can adopt into our menu for everyone’s enjoyment.” Besides its heritage dishes, another hallmark of Cucina Higala are its healthy beverages like Magic Potion (made from blue ternate f lower extract, a f lower renowned for its health benefits) and Pineapple Ginger. For dessert, there’s Sizzling Binaki, Maja Tart and traditional Tablea Chocolate Cake. “Aside from showcasing delectable Filipino dishes which highlights Mindanao’s heritage cuisine, we are also supporting local products which benefit the entire community of Mindanao,” the TMU Group owners said. “We support local farmers and start up businesses in our community by sourcing from them our ingredients which are all organic. The well being and health of our

customers and suppliers are just as important to us as the success of our enterprise.” There’s also a plan to promote the works of local artists who will be

invited to make Cucina Higala one bug virtual art gallery where their works will be showcased. A collegial mural in the main dining area is also in the works.

Still another social project is the sponsorship of indigent students who will be granted scholarships for courses in hotel and restaurant management in local schools.

The scholars will also be allowed to undergo a one year apprenticeship in Cusina Higala to enhance and develop their skills through the company’s paradigm of excellence.

Former Provincial Commander of Bukidnon laid to rest in Libingan Ng Mga Bayani A former provincial commander of Bukidnon was buried in the Libingan Ng Mga Bayani on October 22, 2016. General Crispino De Castro was assigned as commanding officer and station commander in Maramag, Bukidnon during World War II and became PC provincial commander after the war. The burial in the heroes’ cemetery came many years after his death. General De Castro preferred to be buried in the public cemetery of his hometown, Binan, Laguna. This year, however, his ashes were

buried in the Libingan Ng Mga Bayani with full military honours. His greatgrand niece, Vanessa Gorra, who witnessed the event, said that it was a singular experience and a great honour. De Castro was a Filipino p at r i ot , w h o s e s t e l l ar accomplishments included military medals awarded by both the Philippines and the US. His contributions to our country are numerous. He founded the National Police Commission, the National Police Academy of the Philippines and the Command and General Staff

School of the AFP, which later became the National Defense College. He helped write the national police law of the Philippines and oversaw the rehabilitation of Corregidor Island after the war as a memorial to those who fought during WWII. As provincial commander of Bukidnon, he was known to be the ultimate professional even toward POWs and his lower-ranked staff. As founder and f i rs t c om m i s s i on e r of t he Nat iona l Police Commission, he ensured

the professional training of the countr y’s police force and structured it in such a way that it will not be beholden to political leaders such as mayors due to opportunities for abuse. His family remembers him as an honest person. He refused the appointment from former President Ferdinand Marcos to become the head of the Customs Police due to the entrenched corruption in the agency. As ge ne r a l, he fou g ht hard against corruption within the military. His d au g ht e r, B e r n a rd it a s Muller, who negotiates

multilateral environmental agreements and sustainable development in the UN i n c l u d i n g t h e Ky o t o Protocol and the Paris Agreement, remembers that his father abhorred all corruption in government and in the Armed Forces. “He was proud to say that he could look anybody straight in the eye, and that he slept very well at night because of this,” she says. He was a member of the Constitutional Commission organized by former President Corazon Aquino. “He told us that whenever the word “truth”

appears in the Philippine Constitution, he was the one who added it there,” says Muller. G e n e r a l D e C a s t ro had deep connections to Cagayan de Oro due to his sister, Natividad De Castro, who married Jose Gorra, and settled in the city. One of their children is Annie Gorra, author of the newly published novel, The Mystery on 17th Street, and a great-grand niece is Kerstin Gorra Vokinger, the first Kagay-anon to graduate with a master’s degree in law from Harvard University in Boston.

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Inflation... from page 5

According to Tetangco, the rise in consumer prices remains consistent with their outlook, indicating that policy rates will likely stay unchanged at this Thursday’s (Nov. 10) Monetary Board meeting. T h e O c t o b e r f i g u re put year to date inflation at 1.6 percent, below the government’s 2 to 4 percent target range. Economists say that while upside risks remain, price shocks are unlikely for the remaining two months of the year. Economist and former NEDA chief Dante Canlas of the UP School of Economics said the increase f rom August to September “was due mainly to increase in food prices arising mainly from natural disasters and bad weather.” But, he added, “as the economy moves on and we enter the months of November and December where we expect the weather to improve, I guess we don’t expect any more surprises from food prices.” Economists add that an uptick due to increased consumer spending would also be good for the economy. Ronilo Balbieran of the University of Asia and the Pacific (UA&P) said “the 2.3% is a combination of a healthy confidence of consumers and at the same time tamed increases in prices of goods and services.” He added that, “even if it hits 2.5% I don’t see any problem; in fact that’s the dream of other countries.

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wednesday|november 9, 2016

The dream of other countries is for inflation to kick in.” Risks to the outlook include higher oil prices, a continued peso fall, pending petitions for power rate hikes and more weather disturbances, but economists are discounting a yearend spike. Canlas noted that, “there are also some moderating factors on inflation. Let’s face it: the share of imported oil in petrol products has gone down, particularly in the power sector, so that while we see an increase in oil prices it might not be that strong to cause a big spike in inflation.” Ahead of this week’s MB meeting, Tetangco said monetary authorities will pay close attention to these factors and global developments. “We will continue to monitor pending petitions for hikes in utility rates, among others on the domestic front; and global economic activity on the external front, as well as risk factors to the outlook,” said Tetangco. The National Economic and Development Authority is also optimistic that prices will remain steady, noting that supply conditions. particulary for food, will improve amid robust domestic demand.

Tax...

from page 5

are subject to DST at a rate of 12.5 percent or P0.50 on every P4.00, or a fractional part thereof, of the amount of premium charged, while premiums collected on these policies are generally subject to 12 percent VAT.” Collections of premium tax in 2015 reached P957.3 million,

9.66 percent higher than yearago’s P872.95 million. On the other hand, revenue collections from withholding taxes declined by 1.76 percent to P3.29 billion from 2014’s P3.23 billion. The increase in tax collections from the insurance industry was attributed to higher premium collections of P854.97 million for 2015 from P777.69 million in 2014. Insurance Commissioner Emmanuel F. Dooc cited that “truly, the increase in tax payments arising from the

insurance business is not only a reflection of development of the local insurance market, but also a manifestation of how the insurance industry and insuring public exercise their responsibilities to the country as taxpayers.” Dooc remains optimistic on the sustained rise of tax collections from the industry as companies continue to innovate their products to address specific needs of the people. He said the microinsurance sector would also greatly boost tax revenues. (PNA)

Communication and Leadership Development for Teachers By METCHIE D. COSCOS Teacher III Kalilangan Central School

TEACHERS can find a wealth of opportunities to extend their influence beyond their own classrooms to their teaching teams, schools and districts. In every good school, there are teachers whose vision e x te nd s b e yond t he i r own classrooms – even beyond their own teams or departments. Such teachers recognize that students’ school experiences depend not only on interaction with individual teachers but also on the complex systems in place throughout the school and district. This awareness prompts these teachers to want to influence change. They experience professional restlessness – what some have called the “leadership itch.” Sometimes on their own initiative and

sometimes within a more formal structure, these professionals find a variety of ways to exercise teacher leadership. Today more than ever, a number of interconnected f a c tors arg u e for t he necessity of teacher leadership in schools. Teaching is a flat profession. In most professions, as the practitioner gains experience, he or she has the opportunity to exercise greater responsibility and assume more significant challenges. This is not true of teaching. The 20-yearveteran’s responsibilities are essentially the same as those of the newly licensed novice. In many settings, the only way for a teacher to extend his or her influence is to become an administrator.

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

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 17 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF-2016-468 Upon extra-judicial petition for sale under Act No. 3135 filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG FUND), mortgagee, with office at J.R. Borja St., Cagayan de Oro City, against RAMIR A. MIRA , mortgagor, married to Edna S. Mira, legal age, Filipino citizen, with postal address at San Miguel Corp., Brewing Phil., Bonbon, Opol, Misamis Oriental, to satisfy the mortgage indebtedness which as of August 22, 2016, amounts to TWO HUNDRED SEVENTEEN THOUSAND SIX HUNDRED SEVENTEEN PESOS & 45/100 (P 217,617.45), inclusive of interest and penalty charges, the undersigned or her duly authorized deputy will sell at public auction on November 29, 2016 at 10:00 A.M. or soon thereafter at the Office of the Clerk of Court, Regional Trial Court, Branch 17, Tourism Bldg., Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency the following property with all improvements, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-157992 ‘’ A PARCEL OF LAND (Lot 15, Block 22, of the cons. subd. Plan, PCS-10-001788, being a portion of Lot 3637, Cad-237, Cagayan Cadastre & Lot 3635-D, Psd-10-009550), situated in the Barangay of Iponan, City of Cagayan de Oro, Island of Mindanao. Bounded on the NW., along line 1-2 by Lot 13 of Block 22 of the cons. Subd. Plan; x x x … including all improvements thereon. Containing an area of One Hundred Forty Three (143) square meters, more or less.’’ All sealed bids must be submitted to the undersigned on the abovestated date, time and place. In the event the public auction should not take place on the said date for whatever reason, the public auction will proceed on the next working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon, if any there be. October 14, 2016, Cagayan de Oro City.

BWM: Oct. 26, Nov. 2 & 9, 2016

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

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

Upon Extra-Judicial Petition for Sale under Act 3135 as amended, filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG Fund) with branch office at Pag-IBIG Fund Bldg., J.R. Borja St., Cagayan de Oro City, against ELLAN F. BUNA, with postal address c/o at Seablings Restaurant, Opol, Misamis Oriental, to satisfy the mortgage indebtedness which as of August 22, 2016, amounts to FOUR HUNDRED NINE THOUSAND FIVE HUNDRED ONE PESOS & 35/100 (P409,501.35) Philippine Currency, as mortgagor’s total indebtedness inclusive of interest and penalty charges, excluding other necessary fees and expenses of Extra-Judicial Foreclosure and Sale, the undersigned Sheriff-in-charge will SELL at Public Auction on DECEMBER 12, 2016 at 10:00 o’clock in the morning or soon thereafter, at the Tourism Hall, City Hall Compound, Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the real property mortgaged together with all existing and future improvements thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. 136-2013001010 Registered in the name of ELLAN F. BUNA ‘’A PARCEL OF LAND (Lot 12, Block 9, PSD-10-059077, being a portion of Lot 2, PCS-10-003972).Situated in the Barrio of Malanang, Municipality of Opol, Province of Misamis Oriental, Island of Mindanao. Bounded on the x x x. Beginning at x x x; containing an area of One Hundred Ten (110) Square meters, more or less’’ Prospective Buyers/Bidders may investigate for themselves the title herein above described and encumbrance thereof, if any there be. In case December 12, 2016 will be declared holiday or non-working day, the Public Auction Sale shall be held on December 16, 2016 without further notice, publication and posting.

Cagayan de Oro City, November 7, 2016.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF By: BWM: Nov. 9, 16 & 23, 2016

(Sgd.) JOSEPH C. MAAGAD Sheriff IV

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

NOTICE OF EXTRA JUDICIAL SALE EJF File No. 2016-487 UPON Extra-Judicial Petition for Sale under Act No. 3135 as amended by Act No. 4118, filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG Fund) as Mortgagee/s, against EVELYN A. JAVIER married to JESUS I. JAVIER as Mortgago/.s, with postal address at Block 2, Lot 41, Phase 3, Pag-IBIG Citi Homes, Malanang, Opol, Misamis Oriental, to satisfy the mortgage indebtedness which as of August 26, 2016 amounts to THREE HUNDRED SIXTY THREE THOUSAND SIX HUNDRED SIXTY SIX PESOS and 87/100 (Ph363,666.87) inclusive of interests and penalty, charges, and expenses of foreclosure, the undersigned Sheriff will sell at public auction on December 8, 2016 at 10:00am to 4:00pm, at the Office of the Clerk of Court, Regional Trial Court, City Tourism Hall, Cagayan de Oro City, to the highest bidder, for CASH or Manager’s Check and in Philippine Currency, the following property described below including all existing improvements found thereon; TCT No/s. T-136-2013000832 A CERTAIN LAND situated in Malanang, Opol, Misamis Oriental, Lot 41, Block 2, PCS-10-004225, Consolidated Subdivision xxx, with an area of Ninety Five (95) sq.m., more of less, including all improvements found thereon. All sealed bids must be submitted to the undersigned on the above stated time and date. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon, if any there be. DONE this 26th day of October, 2016, in the City of Cagayan de Oro. BWM: Nov. 9, 16 & 23, 2016

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

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CONGRATULATIONS AWARDEES!

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Globe... from page 12

“Ayala Foundation has a lways b elie ve d in t he critical role played by quality education in developing communities,” said Ruel Mar an an , Pre s i d e nt of Ayala Foundation. “Through programs such as GFS, we hope to make an impact in the lives of the people in our program communities. We also hope that this will encourage them to contribute to improving the lives of the people living in their local community, their province, and ultimately the country.” “Globe has been a longtime advocate of education,” said Yoly Crisanto, SVP for Corporate Communications at Globe Telecom. “We want to give Filipinos, especially those who are underprivileged yet deserving, more access to education opportunities through ICT. Thus, we are confident that through GFS, we can be instrumental in increasing the quality of learning in public schools and give the Filipino youth a brighter future.” Immediately after the launch, GFS team held training sessions for a total of 50 teachers. The training covered ICT lab maintenance, on top of the Training Institute curriculum which focuses on the following areas: classroom pedagogy, development of critical thinking skills, values

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clarification, and use of technology in the classroom. N e w Wa s h i n g t o n Elementary School is the fifth school to be part of the expanded GFS which was launched earlier this year in Cagayan de Oro City; Pandacan, Manila: and San Pascual, Batangas.

Profit... from page 3

revenues continue to fall off a cliff, declining 9% and 16% respectively on a yearly basis with regards to revenue contribution. But amid thinning margins, Globe said it remains bullish on growth prospects as it continues to pour funds to upgrading its network. The company recently approved a boost of $300 million to its capital spending this year to reach $1 billion in total capital expenditures for the year, the bulk of which will be used for refitting cell sites to operate within the additional frequencies it obtained from Vega. Globe CEO Ernest Cu said the industry will remain highly competitive even if Globe and PLDT remain the two prevailing incumbents. "The Philippines is unique in the sense that even if you have only two players, we still have a highly competitive market. It is as competitive as the rest of Southeast Asia," Cu said in a press briefing. "Contrary to what

others perceive, competition between PLDT and Globe continue to intensify."

Hurst... from page 4

designed for us to enjoy. The more time we spend with Jesus, the better we know how to live well and successfully. In fact, Jesus Christ guarantees that if each day you will spend your 86,400 seconds on living for Him and others, then at the end of your life when you’ve run out of seconds, you will be truly wealthy and satisfied with no regrets! Even if you just start right now. So why not ask Jesus to forgive you and to take full charge of the time you still have left? Just Think a Minute…

SSS...

from page 6

even before the completion of the whole enrollment process, which is convenient especially for busy workers who have little time to spare to visit SSS branches,” Reyes said. To c o m p l e t e t h e enrollment process, online registrants may visit any SSS branch to personally sign the PESO Fund enrollment form. This procedure will confirm their enrollment so that they can withdraw or claim their PESO Fund savings in the future. PESO Fund contributions

of SSS members are allocated to three types of accounts – 65 percent for retirement or disability, 25 percent for medical needs, and 10 percent for general purposes, including contingencies such as education, housing, livelihood and unemployment.

Bills... from page 5

Clerks of Courts and law enforcement agencies were also given an extension to swap their NDS from endDecember 2016 to January 31, 2017. “NDS notes that are subject of court cases can be exchanged within six months after the corresponding legal cases have been terminated,” the BSP said in a statement. Overseas Filipino workers (OFWs) are also allowed to swap their NDS holdings outside of the period given to the public. OFWs are required to register their NDS holdings w it h t he c e nt r a l b an k through online application at https://orbs.bsp.gov.ph starting October 1 this year. The NDS holdings can be swapped within a year after the registration. OFWs are allowed to swap up to P50,000 worth of NDS holdings in line with the 11th foreign exchange liberalization of the central bank. “For those who are situated in war torn countries, the

deadline for exchange is extended to 31 December 2017. There is no need for them to register,” the BSP said. As of October 17, there are about 30 OFWs who have registered their NDS holdings with the central bank. The latest demonetization of old series paper bills is being done three decades after the central bank issued the NDS. Under Section 57 of Republic Act (RA) No. 7653 or the New Central Bank Act, the BSP may replace notes of

any series that are more than five years old and coins that are more than 10 years old. The central bank official said they have also started to study the possibility of limiting the denominations currently issued. “We have assessed the need to streamline the number of denominations that we have,” he said, citing that any decision on this will be based on demand. Guinigundo, however, declined to elaborate.

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. TRANSFER CERTIFICATE OF TITILE NO. 136-2014001728 A PARCEL OF LAND (LOT 20, 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 4-1 BY LOT 16-G-4, PSD-10-004519 ON THE NE., ALONG LINE 1-2 BY LOT 19; ON THE SE., ALONG LINE 2-3 BY ROAD LOT 7; ON THE SW., ALONG LINE 3-4 BY LOT 21, ALL OF THE SAME BLOCK OF THE CONS. SUBD. PLAN PCS-10-001586 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; S., 12 DEG. 56’ E., 9.60 M. TO POINT 2; S., 77 DEG. 04’ W., 7.60 M. TO POINT 3; N., 12 DEG 56’ W., 9.60 M. TO POINT 4; N., 77 DEG. 04 E., 7.60 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 CLAVIN 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, October 14, 2016.

BWM: Nov. 9, 16 & 23, 2016

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

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Cultural...

Lumads...

Sp eaking b efore the 11th The Asset Philippine Forum, Dominguez said the government will harness new, affordable technologies that will transform state agencies into catalysts for improving the ease of doing business in the Philippines and boosting the inflow of much-needed foreign investments, along with vastly upgrading the quality of frontline services to the people. These initiatives, he said, are in line with President Duterte’s marching orders to his Cabinet to cut red tape in the bureaucracy and make the entire government more responsive to the needs of the people. “ This is a t ime for innovation in all spheres. We can commit to you that government will be no less innovative. That will improve the collection of revenues, compliance with the rules and the general ease of doing business—especially with government,” Dominguez said at the forum held at the Marco Polo Hotel Davao. Along this line, he said the Department of Finance (DOF) has partnered with the Department of Information and Communications Technology (DICT) to develop an automated business and citizens’ databank portal that will trail-blaze e-governance in the country. According to Dominguez, this upcoming databank portal, which will involve establishing a single database for verifying business and government records, will reduce processing time for government frontline services and contribute greatly to improving the ease of doing business in the country, which, in turn, will enhance the flow of investments to the Philippine economy and create millions of new jobs. Said Dominguez: “We do understand the urgency of dramatically bringing down poverty rates. If we do not achieve high middle-income status in the medium term, the Philippines will miss the train to high-income status in a generation. The demographic sweet spot will pass us and we will become an aging population by 2040. That is the tragedy that awaits failure at this time.” In his speech, Dominguez cited the generous assistance extended by the German government, through the KfW Group (Kreditanstalt fur Wideraufbau), to the Philippines’ anti-red tape initiative of streamlining the documentary processes, particularly for imports and exports. “I s hou l d t a ke t h i s opportunity to thank the German development bank Kreditanstalt fur Wideraufbau (KfW Group) for the P21.5million grant given to the DOF to implement an anti-red tape initiative. This initiative would simplify documentary requirements for imports and exports. That grant will go a long way in allowing us better trade facilitation,” he said.

demanded that DENR-10 to address their plight so they could go back to tilling the land which they said they have been occupying since time immemorial. In Barangay Plaridel, Claveria, for instance, dozens of families were driven out of their dwellings and properties when a corporation secured a writ of demolition last July. Datu Aveto Ecaranum, president of New Indigenous Barangay Plaridel Farmers Association (NIBPFA), a member-organization of MOFA, said police officers and private security teams tore down their houses and ordered them to leave their land. Ecaranum said NIBPFA members had no choice but to live in makeshift dwellings in a nearby lot since they could not go back to their land for fear of being shot at by armed men guarding the property. He said it was not enough they were driven out of their land by threatening them with armed security guards, their coconut and banana plants were cut down and their crops destroyed by the company’s personnel, as well. Even the local government unit did not extend any assistance to the displaced peasants, he added. Ecaranum said the corporation was able to secure a free patent title from DENR-10, while NIBFPA, who applied the same two years prior, was not issued the title. NIBFPA applied for a free patent in 2007, while the said corporation did the same in 2009. He said the free patent should have been given to them since that land has been owned by their ancestors even before they were born. Jerry Basahon, president of the Misamis Oriental Farmers Association, said Tuesday the DENR-10 has assured them they will look into the problems of the farmers, foremost of which is the cancellation of the free patent the agency gave to the corporation.

from page 1

from page 1

Bared...

from page 1 Maramag, Baroy, Kapatagan, Kauswagan, Lala, Bonifacio, Lopez Jaena, Plaridel, Lugait, Opol, Salay and Villanuev a. A pet project of former Interior Secretar y Jesse Robredo, the Seal of Good G over nance re cog nizes good performance of provincial, city and municipal governments in six areas – financial administration, d i s a s t e r pre p a re d n e s s , social protection, business friendliness and competitiveness, peace and order and environmental management. Aside from the recognition, these LGUs are also entitled to access a financial incentive known as the Performance Challenge Fund, which is in the form of counterpart funding for local development projects in their

Annual Investment Program and funded out by the 20 percent Local Development Fund. The program also encourages and challenges local governments in improving their performance in innovating good governance practices and providing better services. DILG aims for a condition where LGUs sustain the practice of accountability and transparency, prepare for the challenges posed by disasters, are sensitive to the needs of vulnerable and marginalized sectors of the society like women, children, indigenous people and persons with d i s abi l it i e s , e n c ou r a ge investments and employment, protect constituents from threats to life and security and safeguard the integrity of the environment. Cagayan de Oro significantly botched on the latter because of its failure to comply with the Ecological Solid Waste Management Act of 2000. In fact, City Hall has a pending case before the Ombudsman on the matter.

PDF is “a landmark meeting among all stakeholders in the formulation of national plans for our inclusive economy while the Philippines is enjoying the demographic sweet spot until 2040.” He encouraged participants to engage in “inclusive deliberations” during the town hall meeting moderated by Bloomberg TV Philippines news anchor Shawn Yao. For his part, forum cochair Dureza said peace and development in Mindanao is crucial to the country’s inclusive growth. “I can sign a thousand peace agreements with different rebel groups to improve the lives of people on the ground. We invite everyone to come on board President Duterte’s ‘peace bus’ in his desire for a better Philippines,” the presidential peace adviser added. Former Bureau of Internal Revenue C ommissioner L iw ay w ay Vi n z ons Chato lauded the DOF’s comprehensive tax reform

Boost... from page 3

Green Building Council’s Leadership in Energy and E nv i ron m e nt a l D e s i g n (LEED) and the Philippine Green Building Council’s Building for Ecologically Responsive Design Excellence (BERDE) programs. According to industry experts and analysts, multinational players prefer to locate in certified green buildings due to cost savings arising from resource efficiency. According to the World Green Building

Council, ecologically friendly buildings also promote greater earnings due to higher employee productivity, improved morale, and sharper creativity. Apart from BPOs, Cebu Exchange is also designed to accommodate traditional offices for home-grown enterprises and allied services. Four floors in the building will be dedicated to retail spaces to serve the needs of its tenants and the community. ArthaLand is a boutique developer of sustainable, world class projects resting on solid backing by CPG Holdings, Inc. (CPGHI), its biggest shareholder. CPHGI is led by the Po family of the Century Pacific Food Inc., the country’s largest canned food company which owns market leader brands such as Century Tuna, 555, and Argentina, among others. ArthaLand’s other major shareholder is international investment firm, AO Capital Group.

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region BRANCH 07 Tubod, Lanao del Norte

Society... from page 1

Philippines Development Forum (PDF) in SMX Lanang Premier convention center here. Pernia, who is concurrently the National Economic and Development Authority (NEDA) Director General, said “the journey to Ambisyon Natin 2040 has begun.” He was referring to the long-term vision and aspirations for the Philippines launched by NEDA in March. It has since been adopted by the new administration as a 25-year vision for d e v e l o p m e nt p l a n n i n g through Executive Order No. 5 signed by President Rodrigo R. Duterte last month. Reducing poverty and sharing the benefits of progress are the main objectives of the 2016 PDF with the theme, “Poverty Reduction through the Vigorous Implementation of the 10-Point Socioeconomic Agenda.” This is the PDF’s eighth edition since its initial staging in 2005, and the first under the Duterte administration. Its forer unner was the Philippines Consultative Group, which held meetings every 18 months between the Department of Finance (DOF) and the country’s international development partners led by the World Bank (WB). In 2004, the DOF and WB agreed to widen participation by bringing in stakeholders from the academe and civil society, as well as legislative and private sector representatives. The PDF was held four times during the Arroyo administration, and thrice under the Aquino administration. It serves as the primary mechanism to facilitate policy dialogues among stakeholders on the government’s development agenda. Dominguez, who chairs the forum as DOF chief, said the

program, saying “we had also done it during the Ramos administration and it worked.” Philippine Chamber of Commerce and Industry president George Barcelon said the country’s business g roups are conduc t ing i n du st r y m appi ng an d prioritizing job creation to jump-start the economy. (PNA)

IN RE: PETITION FOR CORRECTION OF ENTRIES SPL. PROC. NO. 321-07-2016 (i) IN THE CERTIFICATE OF LIVE BIRTH OF NICKLE JADE P. MORALES AS REGARDS HIS MIDDLE - for NAME AND SURNAME AS WELL AS DATE AND PLACE OF MARRIAGE OF PARENTS Correction of Entries in the Certificate of Live Birth NICKLE JADE BARUMAN PAPAYA, Petitioner, - versus – SPOUSES TEOFILO MORALES, JR. AND FLORA VICTORIA PAPAYA, Private Respondents. THE LOCAL CIVIL REGISTRAR OF TUBOD, LANAO DEL NORTE, And THE ADMINISTRATOR AND CIVIL REGISTRAR GENERAL, PHILIPPINE STATISTIC AUTHORITY (PSA) Formerly, NSO East Avenue, Quezon City, Metro Manila, Respondents. x-------------------------------------/ ORDER A verified petition for the correction of entries was filed before this Court on August 1, 2016 by the herein petitioner praying among others that after notice and hearing, an Order be issued directing the Respondent to effect the correction sought for. Petitioner alleges that he is Nickle Jade Baruman Papaya, a Filipino, married and a resident of Purok 5, Taden, Tubod, Lanao del Norte. Private Respondents spouses Teofilo Morales, Jr. and Flora Victoria are both of legal age, married and residence of Purok 5, Taden, Tubod, Lanao del Norte. While Public Respondent is sued in its capacity as such. Petitioner was born on September13, 1992 at Taden, Tubod, Lanao del Norte to spouses Teofilo Morales, Jr. and Flora Victoria Papaya. His birth was duly registered and recorded in the Office of the Local Civil Registrar of Tubod, Lanao del Norte under Registry No. 2003-781. His parents Teofilo Morales, Jr. and Flora Victoria Papaya got married on June 17, 1992 before Hon. Oscar E. Zerna, RTC Judge of the Regional Trial Court, Branch 07, Tubod, Lanao del Norte. On September 21, 1996, spouses decided to marry for the second time before Rev. Fr. Anastacio Daugdaug, parist priest of San Isidro Labrador Parish Church. Nevertheless, his birth record, at the Philippine Statistics Authority and in the Office of the Local Civil Registrar of Tubod, appears that he is bearing the middle name of his mother which is “Baruman” and his mother’s surname which is “Papaya”, when it should have been his father’s surname and his mother’s surname as middle name since his parents were legally married on June 17, 1992 even before he was born. Since childhood, he has been using the family name of his father as his surname which is “Morales” and his mother’s surname which is “Papaya” as his middle name as seen in his school records and documents of importance. There is a need to correct the entries in his Certificate of Live Birth to avoid confusion when he should have carried the surname of his father as his surname and the surname of his mother as his middle name and to give him the privilege to use the family name of his biological father and mother as his surname as well as change his status to that of a legitimate child. And that his parents were actually married on July 17, 1992. That the petition is made in absolute good faith and without any intention of defrauding any person or entity but solely for the purpose of straightening his records of birth to conform to the truth. Set the initial hearing of this petition to December 5, 2016 at 8:30 in the morning before the sala of this Court for the reception of evidence to establish jurisdictional requirements. Furnish copy of this Order to the OSG, Makati City, Public Prosecutor’s Office, Tubod, Lanao del Norte, Office of the Local Civil Registrar of Tubod, Lanao del Norte, Public Attorney’s Office, other line agencies concerned, and to the petitioner himself at his stated address. Petitioner is hereby ordered to publish copy of this Order to a newspaper of general circulation in the province of Lanao del Norte for three consecutive weeks, at his expense. Notice is hereby given to all person/s who has interest over the petition to appear in Court on said date and time to show cause why said petition should not be granted. SO ORDERED. Tubod, Lanao del Norte. August 26, 2016. BWM: Oct. 26, Nov. 2 & 9, 2016

(Sgd) DENNIS P. VICOY Acting Presiding Judge

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wednesday|november 9, 2016

Italian investors meet Bukidnon governor On October 18th the Italian Chamber of Commerce in the Philippines represented by Mr. Lorens Ziller, Vice President and Executive Director of the Italian Chamber of Commerce in the Philippines and Italian investor Marco Cargnelli from Verona, Italy visited Bukidnon Governor Jose Maria Zubiri Jr in his office in Kapitolyo, Malaybalay. During the meeting the delegation has brought forward several issues relating to the agricultural activities of the Italian investor and his Filipino partners which the governor addressed straight away with great sense of initiative. “Seeing the institutions supporting foreign investors in their difficulties is an encouraging sign for more entrepreneurs to come forward and grasp the great Philippine opportunity.” commented Lorens Ziller after the meeting. In 2017 in fact the Italian chamber of commerce in the Philippines is planning to organise

a business mission for the development of the promising agricultural and food processing sector in Bukidnon and Northern Mindanao. Especially the improvement of farming technologies, the construction of warehouses, food processing plants and logistic centers near Cagayan de Oro international cargo port will be an important step for the modernization of the Northern Mindano transport hub allowing products to be shipped to the Vizayas, Luzon, China, Japan and all over the ASEAN region. There has already been great effort with the construction and widening of roads from Cagayan de Oro to Bukidnon. If also the Bukidnon airport project could push through in the next 5 years then fresh produce could also be sent by air-freight directly all over the world for the benefit of local farmers creating a vast array of new employment opportunities.

From L-R: Hon. Jean Paul Peralta, Municipality Administrator, New Washington, Aklan; Hon. Jesus Quimpo, Vice Mayor, New Washington, Aklan; Dr. Emelda Q. Fuentes, School Head, New Washington Elementary School; Dr. Jesse Gomez, Schools Division Superintendent, Department of Education - Division of Aklan; Fernando Esguerra, Director for Citizenship, Globe Telecom; and Joanna O. Duarte, Senior Director for Programs, Ayala Foundation.

Global Filipino School program reaches Aklan As many as 1,400 public elementary school students from New Washington, Aklan, can now experience what it is like to be a “Global Filipino School” with the recent unveiling of a new Internet-connected computer laboratory. Through the Global Filipino School (GFS) program, New Washington Elementary School was provided with 24 computers and 10 tablets, Internet connectivity, and other peripherals. Spearheaded by Globe Telecom and Ayala Foundation, GFS is a long-term educational initiative that seeks to transform select public schools into centers of excellence in information and communications technology (ICT) and innovative teaching methods.

Aside from the computer equipment and laboratory, GFS also provides ICTproficiency training for teachers, which can help them enhance not only the quality of instruction, but the overall classroom experience. The teacher-training component of the program is conducted by Ayala Foundation’s Training Institute program. GFS in New Washington is also championed by the Municipal Government of New Washington and the Department of Education Division of Aklan. Present at the launch were representatives from Globe, Ayala Foundation, Department of Education, the Municipal Government, and the school. globe/PAGE 10