BusinessWeek Mindanao (October 13, 2017)

BusinessWeek MINDANAO CREDIBLE

Volume VIII, No. 55

Market Indicators

As of 5:30 pm October 12, 2017 (thursday)

FOREX

PHISIX

US$1 = P51.467

8,402.81

15.9 cents

X

44.34 points

Briefly

X

P33.57B Armm budget COTABATO CITY -- The Senate approved on Wednesday the P33.569 billion budget for the Autonomous Region in Muslim Mindanao (ARMM) for 2018, the region’s information bureau said.

In a statement, the Bureau of Public Information (BPI)– ARMM said the Senate’s approval of the budget proposition came “without much discussion and in less than a minute.”

ARMM Governor Mujiv Hataman described the speedy approval of the budget as a manifestation of the Senate’s trust in his administration.

“Sa Senate finance subcommittee hearing pa lang (Even during the Senate subcommittee hearing), we (already) received positive feedbacks na from our lawmakers,” Hataman said.

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Railway project seen to spur rural growth www.businessweekmindanao.com

By CHRIS V. PANGANIBAN, Contributing Editor

B

AYUGAN City -- Senator JV Ejercito said the much awaited multibillion pesos Mindanao Railway Network project which implementation starts next year would surely benefit villagers in the far-flung areas of this province.

The pro-administration lawmaker made this assurance during his recent visit to Barangay Sto. Niño of this

city, a far-flung mountain village, with the invitation of Gov. Adolph Edward Plaza to celebrate the festivities of

the residents.

“I am very glad and elated to learn that I am the first Senator to visit Barangay Sto. Nino here in Bayugan City.

With the construction of the Mindanao railway system, the least benefited citizen here will have the opportunity to develop because it will be much easier to transport your products from one point in Mindanao to another point riding on a train,” Ejercito railway/PAGE 11

Senator JV Ejercito. (elejardo

grado / ppio

-

agusan del sur )

Congress to probe impact of fisheries laws in Caraga region

Transmission projects ZAMBOANGA City -- The National Grid Corporation of the Philippines (NGCP) announced that the reinforcement of the Mindanao transmission backbone project is expected to be completed within the first quarter of 2019, months ahead of its target completion in June 2019.

In a statement, the NGCP said the Mindanao 230 kilo-volt (KV) Transmission Backbone Project would address the anticipated addition of bulk power generation in the area by strengthening the existing capacity of the MatanaoToril-Bunawan and the Balo-i-Maramag-Bunawan transmission lines from 138KV to 230-KV. Once completed, the NGCP said the transmission backbone would accommodate renewable and conventional power plants in the northern and southern parts of Mindanao, which would in turn ensure stable and continuous power from Lanao del Norte, passing through Agusan del Sur, all the way to Davao del Sur.

P15.00

Friday | October 13, 2017

By ROEL CATOTO, MindaNews

NOT YET OVER. Smoke rises from Marawi City after an aerial bombardment Monday on areas where the military believes the ISIS-inspired Maute gunmen are making a last stand. mindanews photo by froilan gallardo

Aboitiz aims expansion in Asean region

By MARK FRANCISCO, Staff Writer with LILIAN MELLEJOR, PNA

DAVAO City -- Local power giant AboitizPower will invest in other Southeast Asian countries, the company

president said on Friday.

In a message read during a Mindanao-wide yearly gathering with media here,

AboitizPower president Antonio Moraza said that the firm has already scouted investment sites for power plants in other countries belonging to the Association expansion/PAGE 8

SURIGAO Cit y -- The continued decline of f ish catch volume that has greatly affected the fisherfolk in Caraga and the implementation of fisheries laws that allegedly devastated the livelihood of ordinary fishermen in the region while benefitting the largescale fishing industry have prompted some party-list legislators to conduct an investigation.

The House Committee on Aquaculture and Fisheries Resources is initiating the probe, noting that “the 1989 daily catch of 20 kilograms [in Caraga’s waters] alarmingly fell to 1 to 2 kilograms at present.”

MindaNews obtained last Monday a copy of House Resolution number 1316 submitted to Congress last Sept. 18. impact/PAGE 9

Davao City’s cacao captures Japan, Euro chocolate makers DAVAO City -- Davao City’s cacao is winning the hearts of top Japanese and European chocolate makers, but the Philippines needs to double

production to reach the market demand here and abroad.

Cacao Industry Development Association

of Mindanao Inc. (CIDAMi) executive director Valente Turtur said the Philippines consumption is 50,000 metric cacao/PAGE 8

GUITAR MAN. Titing Tomimbang, a resident of Campo Ranao, Marawi City, shapes electric guitars from narra wood inside an evacuation center for Marawi City residents in Barangay Maria Cristina in Iligan City. mindanews photo by manman dejeto

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Economy

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Camiguin bares Lanzones Festival 2017 activities CAMIGUIN -- With the theme, “Kinaiyahan Atong Ampingan Kalamboan Alang sa Tanan,” the provincial government in Camiguin invites everyone to witness the Lanzones Festival 2017 activities set on October 22 to 31.

Prior to the weeklong celebration, a simultaneous Lanzones tree planting and opening of Lanzones Park were held on September 22.

The Camiguin Police Provincial Office will have “Sikad-Sikad Ta Bai” Fun

Bike on October 21 at Cong. PPR Tourism and Sports Complex.

On October 22, a fun run, triathlon, zumba and belly dancing, thanksgiving mass and soft opening of agro-tourism and industrial fair (Ugmad 2017) will kick off the festivity. In the afternoon, Ag Sadya Kiraw Festival grand parade (umbrella with inspired Lanzones design) will be held at Mambajao Central School to Cong. PPR Tourism and Sports Complex.

The Food Safari: One Barangay, One Product exhibit and competition at Ugmad Site will be conducted on October 23. Inter-municipality high school basketball tournament and Buahanan sa Ugmad will also highlight the day’s festivity.

On October 24, Kalanrakas sa Kabataan at Catarman Municipal Ground, Food Safari: Inter-Resort and Restaurant Hamonada/ Humba with Native

Competition, Pasigarbo sa Guinsiliban and Fatima College of Camiguin Show will be held.

Food Safari: Lanzones Products exhibit and competition, Pasigarbo sa Catarman, Kalanrakas sa Kabataan- Mambajao, Department of Education (DepEd) day-folk dance competition, Battle of the Band and Ugmad sa Kalikasan, and Mutya sa Buahanan 2017: talent

and corporate awards night will highlight the celebration on October 25.

Job Fair and Docufest, Food Safari: Dairy Products Exhibit and Competition, Pasigarbo sa Mahinog, and Datu Daw Bai Ta Buwahanan and Diwata and Tayamtam Showdown will comprise the festivity on October 26.

On October 27, the Provincial Social

Welfare and Development Office (PSWDO) and Department of Social Welfare and Development (DSWD) will have its Info Caravan, Job Fair and Docufest. Pasigarbo sa Mambajao, Gov. PPR Memorial Cup Team Tennis Tournament, and Miss Camiguin Tourism 2017 will also take place.

Meanwhile, Lanzones eating contest and lanzones/PAGE 11

RPN Radyo Ronda Stations Nationwide

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

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

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

At least 97 Hawksbill turtle eggs were hatched on October 11 in Salay town, Misamis Oriental. The local government and Municipal Agriculture Office with the fisherfolks in Barangay Salay River Side 1 protected the nesting site of Hawksbill turtle located at Bangay-bangay, Salay River Side 1. According to Mayor Angelo G. Capistrano Jr., marine turtles are among the most endangered marine species in the world. Sea turtles are also an indicator species for the health of our planet this just means that Salay's marine life is remain undisturbed and healthy.(PIO)

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

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Opinion

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Fighting climate change

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

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Ruffy magbanua How do we fight climate change?

Pa r t i c i p a nt s t o t h e Singapore-sponsored course on Climate Change: G ove r n an c e , S olut i ons and Opportunities held at Singapore Environment Institute dissected during round table discussions the effects of global warming, its impact and some practical solutions to mitigate climate change.

Already changing the world’s climate, g lob a l

Philippine Press Institute Oro Chamber

A Brother Like That think a minute

jhan tiafau hurst Think a minute…This is a true story about a man named Paul whose brother gave him an early Christmas present. It was a brand new car! A few days later, Paul was leaving work to go home on Christmas Eve. A boy named David was standing

by Paul’s shiny new car. He said: “Sir, is this your car?” Paul answered, “Yes, my brother gave it to me for Christmas.”

David looked surprised. He said: “You mean your brother gave it to you so it did not cost you anything? Wow! I wish…”

But the boy stopped, and didn’t finish his sentence. Paul knew David was going to say he wished he had a brother like that. But he was so surprised when the boy said: “I wish I could BE a brother like that!”

Paul then asked David if he would like to ride in his car.

“Oh, Yes!” he answered. “I’d love to!” Paul and his new friend

had been riding a while when David said: “Mister, would you mind driving in front of my house?” Paul smiled, thinking David wanted to show his friends that he was riding in a new car. David asked Paul to stop in front of a certain house.

The boy jumped out of the car and ran into the house.

A few minutes later, Paul saw David coming back out carrying his crippled, little brother. He carefully sat his brother down on the steps in front. Sitting down next to his brother, David pointed to Paul’s new car. He said to his brother: “See that car, Buddy! This man’s brother gave it to him for Christmas. And someday, I’m going to give you one just like it. Then you can ride in it and see for yourself all the nice Christmas things in the stores that I’ve been telling you about.”

Paul got out and lifted the crippled, little brother on to the front seat of his new car. David climbed in beside his brother, and the three of them went on a very special and unforgettable Christmas ride. That Christmas eve, Paul finally understood what Jesus Christ meant when He said: “You’ll be much happier and more blessed when you give than receive.”

Just Think a Minute…

electricity and minimize fossil fuel usage can be one of the possible solutions.

The goal is to bring global warming under control by curtailing the release of carbon dioxide and other heat-trapping “greenhouse” gases into the atmosphere.

We can contribute to this global cause with personal actions. Our individual efforts are equally relevant in countries like the U.S. and Canada, where individuals release over 10,000 pounds of carbon dioxide per person every year.

We can become more energy efficient by reducing the use of oil, gasoline and coal for others to follow.

The largest source of greenhouse gases is electric p ower generation. The average home contributes more to global warming than the average car. This is because much of the energy

we use in our homes comes from power plants which burn fossil fuel to power our electric products.

To reduce the amount of electricity used in our homes, switch to energyefficient lighting. Replace the familiar incandescent light bulbs with compact fluorescent bulbs. For each CFL bulb replacement, you’ll lower your energy bill and keep nearly 700 pounds of carbon dioxide out of the air over the bulb’s lifetime.

CFL bulbs last much longer and use only a quarter of the energy consumed by conventional bulbs. LED bulbs are also energy-saving, but have a narrower range of application. Advances in LED bulb technology, however, are leading to more applications for these bulbs in the home.

LEDs are more efficient than CFLs and do not have issues surrounding disposal, as do fighting/PAGE 11

The Las Vegas Shooting Provokes a Rethinking of Societies

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warming is here to stay. As a country in the tropics, we have seen the warmest surface temperatures in recorded history, and the past several years have been among the warmest on record.

Studies have concluded that human activity, primarily the burning of fossil fuels, is the major driving force in global warming. However, global warming can be slowed down, and perhaps stopped, with practical actions that wou ld y ield a cle aner, healthier environment.

The question is: when are we going to act?

Our focus group, coming from developing countries vulnerable to climate change, have agreed to do collective action, though in small ways, to help slow down and hopefully reverse global warming.

Everyday awareness of our energy use, and attention to ways we can conserve

Lucell larawan After the shooting incident at Las Vegas that killed 59 people and injured 527, we are wondering what happened to a supposedly progressive society with progressive outlooks. We almost unwittingly thought that a nation’s culture is that adorable more than any other country in the world. We almost affirmed

to change our identity and be supplanted by another country’s identity. We used to adopt foreign strategies— with their embedded values-to change ours.

But one must be aware that out own understanding of what is good for humanity could be corrupted. In fact, it already showed some “viruses”. Allow me to share what a friend shared through social media. The following thoughts might provoke a deeper reflection about values, including ours: Billy Graham’s daughter was interviewed on the “Early Show” and Jane Clayson asked her “How could God let something like this happen?” (regarding the attacks on Sept. 11). Anne Graham gave an extremely profound and insightful response. She

said “I believe God is deeply saddened by this, just as we are, but for years we’ve been telling God to get out of our schools, to get out of our government and to get out of our lives. And being the gentleman He is, I believe He has calmly backed out.

How can we expect God to give us His blessing and His protection if we demand He leave us alone?” in light of recent events...terrorists attack, school shootings, etc.

I think it started when Madeleine Murray O’Hare (she was murdered, her body found recently) complained she didn’t want prayer in our schools, and we said OK. Then someone said you better not read the Bible in school .... the Bible says thou shalt not kill, thou shalt not steal, and love your neighbor as

yourself. And we said OK. T h e n D r. B e nj am i n Spock said we shouldn’t spank our children when they misbehave because their little personalities would be warped and we might damage their self-esteem (Dr. Spock’s son committed suicide). We said an expert should know what he’s talking about. And we said OK. Now we’re asking ourselves why our children have no conscience, why they don’t know right from wrong, and why it doesn’t bother them to kill strangers, their classmates, and themselves.

Probably, if we think about it long and hard enough, we can figure it out. I think it has a great deal to do with “WE REAP WHAT WE SOW.” Funny, how simple it is for people to trash God and shooting/PAGE 11

Duterte’s drugs campaign should not have been removed from PNP Kakampi mo ang batas

Batas Mauricio LIFE’S INSPIRATIONS: “…

No discipline seems pleasant at the time, but painful. Later on, however, it produces a harvest of righteousness and peace for those who have been trained by it…” (Hebrews 12:11, the Holy Bible).

-ooo GEN. BATO, CAN YOU STILL REFORM THE PNP? Now that the campaign against illegal drugs under the Duterte government has been taken away from the Philippine National Police, we are being told that our

police force, according to PNP Director General Ronald “Bato” Dela Rosa, would now focus their energies on murderers who are called “riding in tandem” precisely because, by twos, they attack their hapless victims while they (the murderers) are on board a motorcycle.

According, however, to my favorite barber in a corner barber shop in Diliman, Quezon City, it would be a cinch that many of our countrymen are still going to die in the hands of policemen as the days go by, because, the barber said, the PNP will be claiming that each and every person dying by their guns are suspected “riding in tandem” members.

I nearly fell off my seat in that barber shop when I heard this. I thought, these kinds of perception among many of our poor and marginalized countrymen betray their lack of trust and confidence on the police, and their view

that many policemen are truly criminals. Gen. Dela Rosa, is there anything that you can still do to reform this image of the PNP? -ooo DUTERTE’S DRUGS C A M PA I G N S H O U L D NOT HAVE BEEN TAKEN AWAY FROM PNP: If I were consulted beforehand

by President Duterte on the issue of transferring the responsibility over his government’s anti-illegal drugs campaign from the PNP to the Philippine Drug Enforcement Authority (PDEA), I wou ld have counseled him that there would still be a problem even if that transfer would be effected, as it has been effected already.

First, no matter how hard Malacanang may deny that the reason why the drugs campaign was removed from the PNP was the grave drop in the ratings of the President in a survey conducted by the

Social Weather Station (SWS), the truth will always come out---the survey results shook the wits out of Malacanang and of the President himself.

Because of that, it was as if the political foes of the President were thrown “fresh blood”, so to speak, whetting their appetite to stir more controversies surrounding perceived mistakes and imperfections of the President and his government in mainstream and online media to take away the support of his followers. Indeed, the decision on the PNP-PDEA transfer will be viewed as a victory for the opposition in their efforts to undermine the President.

-ooo ONLY TOTAL WAR WILL DEFEAT ILLEGAL DRUGS IN RP: I am sure that, at this point, Duterte’s ill-wishers would double or even triple their efforts to publicize all the more, in all forms of campaign/PAGE 11

CorporateWorld 5 Indian car manufacturer plans to join PUV modernization Middle East’s LuLu eyes investments in PH Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

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INDIAN carmaker Tata Motors plans to manufacture in the Philippines and targets to join the Public Utility Vehicle (PUV) Modernization Program through its local distributor Pilipinas Taj Autogroup, Inc. In an interview Tuesday, Pilipinas Taj Vice President and General Manager Arthur Balmadrid said the company plans to locally assemble three models of Tata in the Philippines, particularly the 12-seater Ace, 16-seater Super

Ace, and the 22-seater SFC 407, which can also qualify to the PUV Modernization Program of the government.

“We plan to do local assembly, especially for this upcoming PUV Modernization Program,” Balmadrid told reporters.

He added that the Ace model can replace the Filipino multicabs and can also qualify in the modernization program’s Class 1 jeepney along with the Super Ace model.

On the other hand, the SFC 407 model can enter indian/PAGE 11

O

NE of the fastest growing supermarket chains in the Middle East and India, LuLu, is eyeing to invest in the Philippines, Philippine Economic Zone Authority (PEZA) Director General Charito Plaza said.

Plaza told reporters that the LuLu Group visited PEZA last week to look at investment opportunities in the country.

As it plans to expand in

Southeast Asian countries, Plaza said the United Arab Emirates-based company aims to initially put up warehouse for food products that they will be exporting to Middle East and other markets where LuLu has presence.

“They will now be building in Malaysia, in Thailand, and then also in the Philippines,” Plaza said.

“They will be putting up warehouses and will start looking at possible

agricultural areas or agricultural economic zones where they can raise their vegetables and other crops and put up food processing industries to distribute in their different branches in different countries in the world,” she added.

The PEZA chief mentioned that LuLu is visiting an economic zone in Angeles, Pampanga where it can build its warehouse facility in the

Nickel Asia ships P12-B worth of nickel ore NICKEL Asia Corp. (NAC) has estimated its value of shipments for January to September this year rose 16 percent to P11.65 billion from PHP10.01 billion in the same period in 2016.

In a disclosure with the Philippine Stock Exchange (PSE) Tuesday, the listed mining company said higher prices of nickel ore and the weaker Philippine peso have driven the growth in its shipment value for the first nine months of the year.

Exchange rate of

Philippine peso to a United States dollar for ore sales was at P50.29 this year from P46.88 in the previous year.

“Improved prices were more than enough to offset slightly lower shipments experienced during the first nine-months of the year,” NAC President and Chief Executive Officer Gerard Brimo said.

The firm said that nickel ore exports to Japan and China in January to September of this year were at 7.97 million wet ships/PAGE 11

Gil Macaibay's designs are starring in the recently held Kasalang Filipino 2017 at Centrio in Cagayan de Oro City. The three-day event from September 29 to October 1 is produced by Professional Organizers, Inc. photo by mark francisco

future.

Aside from warehouse facility, Plaza said LuLu also eyes to bring in its retail business here by building mall and supermarket.

LuLu Group is operating in 21 countries with a total of 138 retail stores.

It has total of 22.5 million square feet of retail spaces globally.

Moreover, Plaza mentioned that Qatar is looking at sourcing its food products from the Philippines.

Plaza said she invited the Qatari food industry to invest in agro-industrial economic zones in the country where they can raise vegetables, fruits, crops, and other agricultural products and process it here then distribute in Qatar.

“Allegedly, they will hire farmers, cattle raisers from the Philippines. I said, “No”. While people are the most sought after labor force, especially in the IT sector, but we have millions of hectares of available lands for agriculture where you can raise food,” the PEZA chief mentioned. (PNA)

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Environment

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OIC, Regional Director Edwin B. Andot (left) of the Department of Environment and Natural Resources, Region 10 (DENR 10) encourages the participants to formulate presentable topics in their action plans during the 2-day Capacitation and Operationalization of River Basin Integrated Information Management System (RBIIMS). Participants of the activity on September 28-29, 2017 were personnel from River Basin-Project Management Office and Local Government Units within Cagayan de Oro and Tagoloan River Basins. (RSCIS # 10-330-2017)

PH submits draft resolution seeking sustainable use of intertidal wetlands, other coastal habitats of migratory species

T

he Philippines has formally submitted to the Secretariat of the Convention on the Conservation of Migratory Species of Wild Animals (CMS) a draft resolution calling over 120 nations to enhance their efforts to conserve and promote the sustainable use of intertidal wetlands and other coastal habitats that are important to migratory species.

The resolution will be put to a vote when parties to the CMS, a global treaty under the aegis of the United Nations Environment Programme, gather in Manila from October 23 to 28 for the 12th Meeting of the Conference of the Parties to the CMS, or COP12.

Secretary Roy A. Cimatu lauded the Biodiversity Management Bureau (BMB) of the Department of Environment and Natural Resources (DENR) and other stakeholders for putting together the draft resolution.

BMB Director Theresa Mundita Lim expressed hope the CMS event will strengthen the country’s linkages with other nations in protecting migratory species.

“Since the Philippines is

not a large or rich country, it is important that we form an alliance with other nations to protect migratory species,” Lim said.

The draft resolution also urges nations to halt further approval of intertidal flat conversion until a full assessment of the economics of ecological services and identification needs for migratory species and other biodiversity can be completed.

Intertidal wetlands and other coastal and estuarine habitats are critically important not only to migratory birds but also to cetacieans, dugongs, turtles and fish as areas for breeding, for staging during migration, moulting, or during other nonbreeding periods.

It also seeks to strengthen the relevant multilateral environmental agreements (MEAs) concerning the coasts and wetlands, including the funding of scientific subsidiary bodies under MEAs. The resolution likewise seeks to adequately cover coastal and intertidal flats in protected area systems to reduce the loss of these migratory species habitats.

Further, it aims to recognize and

promote these protected areas that shall demonstrate effective management of ecosystems vital to the survival of migratory species, and linked to community livelihoods and human wellbeing.

Protected areas qualified as intertidal sites will be considered for nomination in World Heritage Sites as well as Ramsar Sites.

Also included in the resolution are initiatives and programs aimed at raising public awareness on the importance of intertidal wetlands and other associated habitats to people.

With the Philippines hosting the world’s largest wildlife conference this year, Lim was hopeful that more Filipinos will become aware about protecting the diverse migratory species that pass through the country.

“Most of the people are not aware of the importance of these migratory species to them,” Lim said. “This event is a good opportunity to highlight this.”

According to Lim, the outcome of the event is expected to influence the legislative agenda of the CMS parties in protecting the migratory species through laws to be passed by each country.

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Banking&Finance Landbank’s acquisition of Postal Bank gets okay Friday|october 13, 2017

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HILIPPINE POSTAL Savings Bank (PPSB) has been directed to transfer all its assets, liabilities, records, systems and other appurtenant items to the Land Bank of the Philippines (LBP), the first step in the government’s aim to set up a lender for overseas Filipinos.

Executive Order (EO) 44, signed by Acting Executive Secretary Menardo I. Guevarra on Sept. 28 in behalf of President Rodrigo R. Duterte, approved Landbank’s acquisition of PPSB. “Subject to the necessary approval and/or clearance of the Bangko Sentral ng Pilipinas, Securities and Exchange Commission, Philippine Deposit Insurance Corporation, and the Philippine Competition Commission, the

acquisition of PPSB by LBP through transfer of shares and its subsequent conversion into an Overseas Filipino Bank (OFB) is hereby approved, in accordance with existing laws, rules and regulations,” the EO read.

“The PPC (Philippine Postal Corporation) and the Bureau of [the] Treasury are hereby directed to transfer all their respective shares in PPSB to LBP at zero value,” it added.

Following the acquisition, PPSB will be converted into an Overseas Filipino Bank (OFB), according to the issuance.

EO 44 said OFB will address “the need to establish a policy bank dedicated to provide financial products and services tailored to the requirements of overseas Filipinos, and focused on delivering quality

and efficient foreign remittance services.”

The issuance also directed Landbank to infuse the necessary funds to OFB to strengthen its capital base “to attain its primary agenda of servicing the various financial and banking needs of overseas Filipinos.”

The OFB will be directed by a Board of Directors consisting of nine members including the LBP President as chairperson, the LBPdesignated OFB President as vice chairperson, and four LBP-designated directors as members.

There should also be a representative of the Department of Labor and Employment, the Overseas Workers Welfare Administration, and the private sector.

OFB is a campaign promise of Mr. Duterte.

Earlier, Landbank

President and Chief Executive Officer Alex V. Buenaventura said the establishment of the lender will be pushed back to January next year instead of the September target due to processing delays.

The bank will have two pilot headquarters — the first one in Dubai, which will start operating

by January next year, and the second one in Bahrain, targeted to be established by April.

It will also be using existing Landbank branches overseas to service overseas Filipinos’ banking requirements.

After the pilot testing phase, which may take about a year, the OFW bank will also be rolled out in countries that are home to many overseas Filipinos such as the United States, Japan, Middle East, and Hong Kong.

SSS may remove cap on contributions

Lapeña confident BOC to hit collection goal this year

THE Social Security System (SSS) may opt to remove the cap on monthly contributions instead of implementing an across-the-board increase in the amounts collected from private sector workers, the Finance chief said.

Finance Secretary Carlos G. Dominguez III said SSS officials can also look at removing the cap on employee contributions in computing monthly payments in order to generate more funds and extend the life of the pension firm. “[T]heir board has to decide on what to do but there are various ways of doing it. They have to manage their funds better, get a better yield on their funds, or they can increase contributions or they can just say remove cap/PAGE 9

CUSTOMS Commissioner Isidro Lapeña is optimistic that the Bureau of Customs (B O C) will meet its 2017 collection goal of PHP468 billion.

Lapena is hopeful that by the last quarter of this year, the bureau will be able to collect P50.1 billion a month to meet the full year goal.

In a briefing, Lapena, who took office only last September, said the agency failed to meet the goal last September “but this October I am optimistic that we will be hitting our target.”

He traced his positive sentiments to correct valuation of collection per container van that pass through Customs.

In the past, he

explained that a container van with an assumed value of PHP1 million worth of items was taxed P40,000.

He, however, pointed out if you compute just the 12 percent value added tax (VAT) alone, the B O C should be charging P120,000 per van.

“So if you go by correct valuation you should be hitting much more (revenues),” he said.

The B O C chief explained that the problem came about because of slow processing of papers, thus, businessmen who wanted to bring out their container vans from the Customs fast tapped erring B O C personnel or people with connections inside for faster facilitation of

transactions. “ That is why that’s what we are going to do (to) make the processes faster,” he said.

Lapena said he has been in talks with businessmen to improve the processes and have received positive feedbacks and cooperation.

“Basta mabigay lang namin ‘yung serbisyo ng gobyerno na ‘yan kapalit nung kanilang cooperation then they will help us. Hindi na nila kailangan yung mga players that will make the process faster (As long as we’re able to deliver our ser vices in exchange for their cooperation then they will help us. They won ‘t need players who will make the process faster),” he added.

(PNA)

Reading Remediation to Non-Reading Students in Laguindingan National High School

By MYRNA S. CAGAMPANG Laguindingan National High School

THE term remediation refers to correcting or improving deficient skills in a specific subject. Thus, reading remediation is a change in instruction that helps remedy a weakness in the area of reading.

Here in Laguindingan Nat iona l Hig h S cho ol, reading remediation is taught after each lunch break. The teachers tutor

t h e i r s tu d e nt s arou n d 12:30 for 30 minutes so the students will improve their reading skills at the end of the school year.

Reading remediation must be research-based and implemente d wit h fidelity by teachers who have received sufficient training. The instruction must be explicit and must move sequentially from the

simplest concepts to the more complex. Instruction must be consistent and inte ns ive w it h te ache r modelling, guided practice and independent practice.

Give a quick review of the skills taught the day before and connect it to the new information.

Model the new concept with explicit visual instr uction. Think out

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Friday|october 13, 2017

Globe Telecom’s Ernest Cu among most powerful telecom execs worldwide

G

lobe Telecom President & CEO Ernest Cu kept his position as one of the most powerful telecommunication executives in the world with his inclusion in the elite list of Global Telecoms Business Power 100 for 2017. Getting this recognition for the fifth straight year, Cu is the only Filipino executive to make it to the Power 100 and among the top 12 in Asia.

The GT Business Power 100 annually releases its list of the most powerful people in telecoms worldwide. GTB is the only magazine and website dedicated for senior executives of telecommunication companies worldwide.

“Cu, who has led Globe Telecom in the Philippines since 2008, has watched

over its network modernisation program and seen the company improve market share. This year Globe and rival operator PLDT completed a deal to acquire 700MHz spectrum for $1.5 billion from San Miguel – despite regulatory opposition,” GTB said of Globe Telecom’s chief executive.

“The final selection was a long and difficult process, which will inevitably disappoint those who have been left out. When you take an industry that covers nearly every country and connects billions of people; an industry with millions of employees worldwide working for thousands of companies, you have a lot of potential candidates.

However, this is

an industry of thousands of powerful and innovative people and it is always difficult to pick just 100 of them so we endeavored to include those we feel fit our criteria,” GTB also said.

Globe has gained market share every year for the last half a decade despite intense competition from a well-entrenched incumbent.

Following the massive network modernization program of Globe in 2011, the company saw unprecedented business growth driven by gamechanging initiatives including promotion of the digital lifestyle, innovative offers and content partnerships with iconic global brands, underpinned by a robust 3G and 4G

network. Globe is now recognized as the number one mobile brand in the country.

“The recognition is a validation of our initiative and strategy in serving the needs of our customers and improving the overall connectivity in the country, in the hope of bringing first-world internet experience in the Philippines,” said Cu. A few years ago, GTB adopted a new selection process in which inclusion in the list was divided into a number of different categories such as operators in various parts of the world, over-the-top and content providers, hardware companies, handsets, and chips.

Aside from Cu, other telecom executives on the list include Mukesh Ambani, managing

director of Reliance Jio; Sunil Bharti Mittal, founder and chairman of Bharti Airtel; Shang Bing, executive director & chairman of China Mobile; Jang Dong-Hyun, CEO of SK Telecom; Li KaShing, chairman of Hutchison; Vinod Kumar, CEO of

Tata Com; Kate McKenzie, CEO of Chorus; Andy Penn, CEO of Telstra; Alexander Rusli, president director and CEO of Indosat Ooredoo; Chua Sock Koong, CEO of SingTel; and Hiroo Unoura, president and CEO of NTT.

Cacao...

“Nagustuhan nila (They liked it). The quality is the same as that of Ecuador,” Turtur said. Ecuador is a top source of cacao beans for Europe.

The Philippine cacao beans and Davao’s locally produced chocolates are also getting world attention.

On October 28, Philippine cacao beans and four artisan chocolate brands will be featured in Salon de Chocolat in Paris, France, and on November 11 and 12 at the Northwest Chocolate Festival in Seattle, United States.

S a l o n d e C h o c o l at , Turtur said will be attended by about 1,000 chocolate makers in the world. This is an opportunity to showcase Mindanao’s chocolate brands in the Western markets,” he said.

Turtur said the locallyproduced chocolates to be featured in these international festivals are Malagos Chocolates, NutraRich Davao Fine Table and Rosario’s Davao Artisanal Chocolates.

The city’s cacao industry is also getting support from the city government aiming to make Davao as Cacao Capital of the countr y.

Davao City, in particular,

is home to award-winning chocolate maker Malagos Chocolate and supplier of Askinosie Chocolate owned by social entrepreneur Shawn Askinosie.

“Agriculture is one of the priorities of Mayor Sara Duterte and with her pronouncements we are confident that Davao will become the cacao capital of the Philippines,” Councilor Marissa Abella, chair of the committee on agriculture and food, earlier said.

Ab el la s aid t he city has been pushing for the declaration of the Davao Region as Cacao Capital as early as 2015 given the important role it plays in the country’s cacao industry.

She said this will help g rowe rs i mprove t h e i r income, create jobs, livelihood and spur economic activities in the city and the region. (Lilian C. Mellejor/ PNA)

He refused to name which countr y pending formal agreement on the matter.

The move comes at a time when the Philippines has opened itself for Asean integration starting in 2016 with Filipino investors now allowed to establish businesses in the region and vice-versa.

Moraza’s remark also came a week after AboitizPower’s sister company Pilmico acquired the majority stake of Vietnam’s leading feeds business Eurofeed.

Ab oit izPowe r is t he leading energ y firm in the countr y engaged in generation, distribution and ut i l it y s e r v ice s of electricity. It has a total of 26 hydropower plants, six coal-fired power plants, two oil-fired power plants, two geothermal plants, one solar power plant, one biomass power plant and six power barges.

Under its Hedcor unit, AboitizPower will inaugurate in December two run-of-theriver hydroplants in Manolo Fortich, Bukidnon which are expected to inject a total of 68.8MW to the Mindanao grid.

Meanwhile, the company

also vowed to achieve its goal of providing 4,000 megawatts (MW) of attributable new sellable capacity by 2020 highlighting its continued effort to hit the target in three years.

Anton Mari Perdices of the AboitizPower Distribution G roup e v e n h i nt e d at exploring opportunities overseas aside from the local renewable projects already in the pipeline.

He s ai d t h i s i s t h e Group’s strategy to seek out investment prospects in the ASEAN region. Perdices is looking at keeping the balanced mix strategy.

“We believe that the long-term energy security of the country can be solved by balancing sustainability, accessibility, and reliability of power,” he stressed.

Aboitiz is also looking forward to the full implementation of Open Access, which it believed they are well-positioned to compete. Perdices is referring to the full implementation of the Wholesale Electricity Spot Market (WESM).

In Mindanao, the D e p ar t me nt of Ene rg y is looking at the second quarter of 2018 to go full

bl a st i n i mpl e m e nt i ng WESM. WESM is providing a competitive and transparent power market for Mindanao electricity consumers. It will lead Mindanao closer to the fulfillment of the intent to restructure the electric power industry in terms of efficiency, greater innovation, end-user choice, and returns to investments.

“We firmly believe that it is our responsibility to give the end user the power of choice - the power to choose his power supplier and the type of power he will consume,” Perdices emphasized.

Perdices said the Group’s distribution utilities Davao Light and Cotabato Light continue to grow significantly, fueled by more investments in these areas.

“Our power generation plants like Therma South, Therma Marine and Hedcor underline our strategy of balance - by providing power wherever and whenever it is needed - be it baseload, intermediate or peaking power.

“We continue to serve our customers to as far as Zamboanga, Cagayan de Oro and Surigao,” he disclosed.

from page 1

tons and needs to double it for the European market alone.

“We are focusing on the European market,” he said.

The Japanese chocolate maker is also mulling on establishing a chocolate factory in Davao.

This means, Turtur said there is a need to expand production area to 100,000 cacao trees.

“We have to double our production,” Turtur said.

Turtur said the interest, especially the European chocolate makers, on Davao’s cacao is picking up because farmers have also leveled up in terms of quality.

He said farmers have l e a r n e d t e c h n o l o g y of producing and preserving the quality of the beans, techniques and husbandry unlike in the past when they dry their beans on pavements without minding of the dirt and animal droppings which affect bean quality.

Representatives of top French chocolate brand are currently in the city to check on Davao cacao farms after trying samples of cacao beans from Davao.

Expansion... from page 1

of Southeast Asian Region (Asean).

Moraza said that if plans don’t miscarry, they will start constructing its first overseas power plant in 2018.

9

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Friday|october 13, 2017

Cap...

from page 7

the cap on the salary,” Mr. Dominguez told reporters late Thursday.

C u r r e n t l y, t h e S S S collects 11% of the monthly salary of Filipinos in the private sector as automatic contributions to the pension fund. The maximum monthly contribution of employees stand at P1,760, or 11% of the salary cap set at P16,000.

“It’s only P16,000 – anything over P16,000 doesn’t get any increase, so they can do that. By doing that they may not even require an increase in contribution, but again I leave it up to their board to make a recommendation on what to do and we will comment on it when we see the various alternatives they have submitted,” the Finance chief added.

SSS initially planned to raise monthly contributions by 1.5% to reach 12.5% of the monthly salary credit of workers starting May, as the compromise to President Rodrigo R. Duterte’s decision to hike pension payments to retirees by P2,000.

A P1,000 raise started in January, to be followed by a second wave in 2019.

The contribution hike – amounting to 1.5% to 12.5% of the monthly salary credit as planned – was initially slated to be implemented in May as it was made a condition to the first tranche of the P2,000 pension hike approved by the President in January.

Mr. Dominguez said the Department of Finance is still discussing with the SSS its next moves, adding that the state-run firm can also look into increasing the monthly

contributions and investing in better-yielding investments.

Social Security C ommission C hair man Amado D. Va lde z s aid o n T hu r s d ay t h at t h e contribution increase is the agency’s “last option” in terms of prolonging the life of the pension fund. Instead, they are currently evaluating various income-generating schemes and asset disposal to raise fresh amounts.

E c onom i c m an age rs earlier recommended a 17% rate in order for the SSS to keep its fiscal position and the fund’s actuarial life stable.

Impact... from page 1

The representatives who endorsed the conduct of investigation are Ariel B. Basilao of Anakpawis, Carlos Isagani T. Zarate of Bayan Muna, Antonio L . Ti n i o and Fr anc e L .

Castro both of ACT Te a c h e r s , E m m i A . d e Jesus and Arlene D. Brosas of Gabriela Women’s Party, and Sarah Jane I. Elago of Kabataan.

The resolution noted that as far as small opensea fishing is concerned, fisherfolks are “using pasol or bing wit (fishing rod) for lapu-lapu, dalagang bukid, bulis, tamban, kurob (matang baka) and galungong.”

In contrast, the largescale fishing industr y uses destructive and exploitative fishing gears like hulbothulbot or Danish Seine, Rogelio de Asis, leader of Pam a l a k ay a - C ar a g a , said in a statement that supported the House Resolution.

I TEACH By: Marietta Trinidad

I TEACH you everything you ought to learn in life.

I EMPATHIZE to your concerns and help you become greater each day.

I ACT as your parents when they aren’t around because I CARE for you like how they do.

I will always HOPE the best for you because as your teacher, you are my child too.

ONCE A TEACHER, REMAINS A TEACHER By: Marietta Trinidad

Once you decide to become a teacher, you responded to the call.

Being a teacher is not just a profession but a vocation.

It needs a careful decision to respond to the calling, it needs a lifetime to commit.

Once you say, you want to become a teacher, and decided to pursue it, then, it means you just made a commitment for a lifetime.

A teacher’s responsibility starts at home but never ends.

You start teaching at home.

Teaching your child how to take a bath, change clothes, use the spoon

and fork and other daily routines.

Then you go to school.

Teach your students lessons, every lesson you could impart to them.

Once school is done, teacher’s responsibility has not ended.

You will have to be concerned of your students’ life after school.

You will do this until sixty.

But even after that, you’ll remain as a teacher.

Your old students will still call you “Teacher” and you’ll continue teaching the children of your children daily lessons in life.

Once you were a teacher, you will remain a teacher.

According to Fernando Hicap, former Anakpawis party-list representative and national chairperson of Pambansang Lakas ng Kilusang Mamalakaya ng Pilipinas, an NGO for fisherfolks in the Philippines, said the i mp l e m e nt at i o n o f t h e R e pu bl i c Ac t No. 8 5 5 0 (other wise known as the Philippine Fisheries Code of 1998) and its ame nd me nt s u nd e r t he Republic Act 10654 devastated the livelihood of fisherfolk in the region, as well as across the countr y.

Hicap said the Fisheries Code and its amendments mainly affected small fisherfolks with its prov i s i on on e x c e s s i v e taxes and fees, strict restrictions and fishing regulations attacking fisherfolks. “ T h e s t r i c t implementation of these laws are imposed by Local G o v e r n m e n t Un i t s o n s m a l l f ishe r fol k s w h i l e large commercial fishing vessels and fleets are

f re e l y e n c ro a c h i n g t h e 15-kilometer municipal fishing waters,” he pointed out.

Hicap noted that indigent fisherfolks CAGAYAN rem a i n DEnORO e gMAIN l e c BRANCH ted as P & J Lim Bldg., Tiano Brothers t h e y cKalambagohan o n t i n u Sts., e to be Tel. # (08822) 727-829 * excluded beneficiaries Telefaxas # (088) 856-1947 of government s er vices CAMIGUIN BRANCH a n dB. Aranas p r oSt.,g rPoblacion, a m s Mambajao, such as d i s t rCamiguin i b u tTel. i o#n(088)o387-0491 f boats, f i n g e r lCORRALES i n g s , BRANCH gears and Corrales Ave., Cagayan de Oro City other fishing equipment DIVISORIA need.

BRANCH they gravely Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Leopoldo Pelinta, leader 857-3631 of PamTel.a l#a(088) k ay a - Su r i g a o LAPASAN BRANCH delLapasan Norte, lamented that Hi-way, Cagayan de Oro City p o l i t i cTel. a l# (088) o f f231-6739 icials and influential individuals use CARMEN BRANCH Vamenta Blvd.,discretion Cagayan de Oro City on their own Tel. # (088) 231-2011 identifying beneficiaries of government programs.

De Asis noted that the Bantay Dagat of the Bureau of Fisheries and Aquatic Resources (BFAR) “is ineffective to prevent the entr y of large-scale commercial fishing fleets within the 15-kilometer municipal fishing waters that use destructive and exploitative fishing gears like hulbot-hulbot or Danish Seine,” he said.

I AM BEYOND THE CHALK AND THE BLACKBOARD By: Marietta Trinidad

I am a teacher.

I don’t just teach you how to read and write.

But I dare to touch and change your lives.

Seeing you learn the contents of the book makes me really happy But seeing you become a better person in and out isn’t just happiness but an inspiration to me.

I am a teacher.

I care for your grades and of your well being too.

My job isn’t just to help you become wiser but a person of truth, wisdom, wonder and care.

You are the measure of my success If I don’t inspire you to live life at its best Then, my profession is worthless.

I am a teacher.

I am more than just a teacher.

Until I grow old, I will be beyond the chalk and the blackboard.

Population Increase of Cultural Minorities Living in Barangay Maranding

By VILMA C. ARCONADA Lala National High School

JUST like any place in Mindanao, we have our own share of cultural minorities here in barangay Maranding, Lala, Lanao del Norte. The cultural minorities are those who belong to neither Bisaya or Maranao races.

The Lumads are the un-Islamized and unChristianized Austronesian peoples of Mindanao such as Manobo, B’laan, Banwaon, Subanen, Higaonon, Mandaya, T’boli, Mamanwa and Talaandig. Majority of the cultural minorities in Lanao del Norte are either Higaonon, Talaandig or Subanen. There are about 20 general hilltribes of Mindanao, all of which are Austronesian.

Although there are lots

of Higaonons staying here in Lanao del Norte, their home province is really Bukidnon.

Their name means “people of the wilderness.” In the olden times when Mindanao was not yet colonized by Spain, Bukidnon was still a wilderness place. Most Higaonons still have a rather traditional way of living. Farming is the most important economic activity even here in Maranding.

Aside from Higaonons, the Talaandigs are also living here in Maranding. And the Subanens, too. The Subanens descended from the neighboring Misamis Occidental. They usually stay alongside riverbanks thus their name Subanen or taga-suba.

CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947

DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491

LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

CARMEN BRANCH Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011

Values Education Should Begin at Home By: Nena D. Labis Master Teacher I- Gimampang Elementary School Initao, District-Division of Misamis Oriental

Filipinos are highly acclaimed all over the world as people with deeply rooted sense of values guided by the ancient customs and traditions of our forefathers.

The old but unique and meaningful tradition of “pagmamano” is one of a kind in the world and prac t ice d only in t he Philippines. It is a sign of respect that never stop to exist because it runs in our blood of being respectful to our elders. Saying the “po” and “opo” if the attention is called is also an indication of submission and positive response to the one talking to.

It is evident in our conduct that we are taught by our parents and elders to be highly civilized and well-mannered individuals whenever and wherever we would be. When I was in my childhood, every time my parents are talking among themselves or to other people, to chime in was not an option to be made because in so doing by father’s anger can bring a spanking to me. My father’s words are laws to be strictly followed by all of his children. That was very remarkable upbringing that I treasured from my father.

As a teacher for more than two decades, I encountered many learners with diversified learning abilities and behaviors.

When I first taught, pupils at that time were ver y respectful and obedient. I never find any difficulty in dealing and handling with their attitudes. I did not mind giving instructions everyday on their daily tasks because they always perform the assignment I have given to them. With those conducts I have observed, I truly construed that they were constantly taught by their parents about respect, responsibility, and commitment.

But the good manners and right conduct of the learners that I have has been dwindling all these years.

Respect and obedience

are no longer among of the words listed in their vocabularies. They can hardly greet their teachers when they meet along the way. When the teacher arrives with bags full of books, manuals, and visual aids, they never extend help even if they noticed the situation. The bad thing that I observed is their choice of words addressed to their teachers and some are daring enough that sometimes are hurtful and often caused the teacher to have tirades.

The worse is the fact that teachers are now becoming the source of funds of some parents who intimidate to sue the former for reprimanding words spoken to their children.

I am truly affected by the pitiable plight of a certain teacher who at one time pinched her learner. That was just a simple pinching that it never let the child to cry but when the child came back to school it already had a bruise and the teacher was made responsible.

The parent showed up accusing the teacher of the maltreatment done to his child and she was certain to bring the matter to the proper court but she could only be appeased if she will be paid with favorable amount. The teacher, shaken by intimidation and feared to suffer removal from the service, raised an amount borrowed from her coteachers and paid the parent without any further delay.

These are very ridiculous situations brought by the improper upbringing of some children in their homes. These should be stopped and parents must also bear in mind that their guidance and tutelage will help in the values formation of their children. Parents are sometimes misjudged for the misdemeanor of their child or children but at most times the misjudgment becomes a perfect description of one’s ill-mannered child.

So, it is then best that values education should begin at home.

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Pueblo de Oro is Four-Time Pag-IBIG Top Developer

P

ueblo de Oro Cebu was recognized by Home Development Mutual Fund (HDMF) Pag-IBIG as Top 3 Developer in the Visayas for Take Out of Housing Loan Deliveries for four years starting in 2014 to 2017. The award was presented during the 2017 Home Lending Accomplishment Report and Awarding/ Recognition of Top Performing Developers

last October 6, 2017 at the City Sports Club in Cebu City.

Pueblo de Oro President and COO Rhoel Alberto B. Nolido accepted the special citation from HDMF PagIBIG Fund CEO Acmad Rizaldy P. Moti. This is the fourth year in a row that Pueblo de Oro has placed in the Top 5.

The dynamic economy in Cebu, aligned with the improvements implemented by Pag-

3 Day Sale at SM CDO Downtown Premier

IBIG which included lower interest rates and enhanced collection efficiency, fueled the growth in loan value takeouts to P4.29 billion during the first half of 2017, 53% higher than the same period last year.

For his part, Mr. Nolido, who was also the keynote speaker during the event, stated how, for the two years from 2015 to present, Pueblo de Oro’s takeouts grew by 42% a year.

The first and grandest sale event to hit Downtown CDO is happening on October 1315, that’s Friday to Sunday!

What’s more? 3 winners will win P 30,000 worth of SM Gift Certificates and another 3 winners will win a brand new Samsung S8.

SM Prestige card holders can take extra 10% off on Friday, October 13 while SM Advantage and BDO Rewards card holders can take extra 10% off during the morning special between 9am-12nn on Saturday, October 14 and on Sunday, October 15 from 5pm to 7pm, SMAC cardholders can take 10% off at Ace Hardware, Our Home, Sports Central, Surplus, Toy Kingdom, The Body Shop and The SM Store.

Primavera City offers free kitchen showcase Do you want to live well in a green development designed with elegant Italian style? Are you looking for the best destination of your investment in Uptown Cagayan de Oro? Your way to your new home and business are made easier now.

Primavera City, the latest sustainable condominium in the city, is offering its early Christmas treats with Free Kitchen Showcase for its October buyers.

Avail this month’s Free Kitchen Showcase upgraded with kitchen appliances and get a chance to win a Trip to Italy for Two in a grand raffle draw. “This October, we are giving our clients a chance to own a unit in a very reasonable deal. We are giving away an early Christmas treat that

should not be missed,” said Lynette Rongo, Sales Manager of Primavera Sales Office.

Primavera City is an excellent and smart investment opportunity located in Uptown Cagayan de Oro. The sustainable project is excellently 110 meters above sea level providing scenic views of Macajalar Bay. Investing in Primavera City could mean additional passive income with affiliate property management company Damiani Property Management and Services, Inc (DPMSI).

The partnership with Damiani makes Primavera City even more a practical investment for you.

Experience a hasslefree investment with Damiani’s professional skills in property

management and leasing services.

Primavera City is designed as a seventower development.

The first phase of the project consists of Towers A and B that is on its way to completion in 2018. The seventh tower is designed to be a high-rise hotel with commercial spaces, an icon of the new and modern face of Uptown CDO. This is not a life time promo. Book now!

Visit our Sales Office at the 2F Primavera Residences, Pueblo de Oro Business Park, Upper Carmen, Cagayan de Oro. To know more about the project, visit us at www.primaveracity. com. Please feel free to contact us anytime at 0917-792-1078, (088) 880-5002 or sales@ italpinas.com.

Mr. Nolido also highlighted Pueblo de Oro’s partnership with Pag-IBIG and how PODC’s success and growth in the recent years was largely attributable to Pag-IBIG loan takeouts.

“In Cebu, 80% of our takeouts are actually

Pag-IBIG,” said Mr. Nolido. He expressed his hopes that as PagIBIG loan processing is faster, this growth could be replicated in Pueblo de Oro Pampanga and Batangas. “Previously, the share of Pag-IBIG in those areas for Pueblo was only

20%, but with the increase in our Pag-IBIG accounts in Luzon, Visayas and Mindanao projects, our total take-outs have grown by 89%.” This is why, he explained, more and more developers are turning to Pag-IBIG. Developer/PAGE 11

Pueblo de Oro President and COO Rhoel Alberto Nolido (center) accepts the award from Pag-IBIG Fund CEO Acmad Rizaldy Moti (third from left).

11

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Friday|october 13, 2017

Developer... from page 10

This rapid growth in Pag-IBIG takeouts has been instrumental in another aspect of Pueblo de Oro and Pag-IBIG’s partnership. Due to the fast takeout process, Pueblo de Oro was able to pay off its three-year PagIBIG development loans in less than a year, and plans to secure another loan worth double the value within the year.

Pueblo de Oro is the owner-developer of the Pueblo de Oro Township in Cagayan de Oro City (CDO). The Township stands as a testament to Pueblo de Oro’s vision and the company’s ability to cause positive transformation and create value in an area. From 360 hectares of raw land in uptown CDO, the company has crafted a world-class masterplanned Township, complete with several residential enclaves catering to different income levels ranging from the highend market to mid-income segment to economic and socialized housing.

Lanzones... from page 2

trivia, street dancing comp etition, Pasigarb o sa Isla, Inter-Agenc y Camiguin Lanzones Ground Presentation 2017, and Mr. Iron Man 2017 Body Building Competition will be held on October 28.

On O c tob er 29, t he provincial government will have the Gov. PPR Memorial Cup Team Tennis Tournament Championship, Palarong P i n oy G a m e / Un a c h o, Kalanrakas sa Kabataanprovincial level and live concert.

Other exciting games such as the Monster Bash, Horror Trip, Zombie Run and Monster Kitchen will be held at Mambajao Parola on October 30-31. (RTP/PIA10)

Fighting... from page 4

the CFLs. Cepalco, our local electric distribution utility have actively been campaigning on the use of CFL and LED lighting fixtures at home, offices and even in industries.

Home appliances vary greatly in terms of energyefficiency and operating costs.

The more energy-efficient an appliance is, the less it costs to run. You can lower your utility bill and help protect the environment.

Buy energ y-ef f icient appliances when shopping for a new appliance.

Do this especially when shopping for a major appliance such as a refrigerator, dishwasher, or air-conditioner – select the one with the highest energy efficiency rating.

By opting for a refrigerator with the Energy Star label — indicating it uses at least 15 percent less energy than the usual requirement — we can reduce carbon dioxide pollution by nearly a ton in total.

According to the U.S.

Depar tment of Energ y, Help spur the renewable heating and cooling systems energy market and cut global in the U.S. emit over a half warming pollution with billion tons of carbon dioxide “wind certificates” or “green into the atmosphere each tags,” which represent clean power you can add to the year.

Much of the energy used nation’s energy grid in place for heating our homes is of electricity from fossil fuels. wasted, and yet the prevention Singapore serves as a is, in many cases, simple and role model in renewable and inexpensive. We can reduce clean energy initiatives being much of the need for air a forerunner in turning wastes conditioning, and enjoy a into electricity. The city-state cost savings benefit, by using has a recycling facility which ‘passive’ techniques to help turns wastes into electric power, a boost to its robust cool your home.

T h e s e c o n d l a r g e s t economy. source of greenhouse gases I n c o n c l u s i o n , o u r is transportation. Motor focus group foresees some vehicles are responsible for difficulties in adopting some about a third of all carbon of these suggestions, but the dioxide emissions in the U.S. challenge is there. and Canada. Every gallon First, we need to raise of gasoline burned puts 26 the level of awareness, pounds of carbon dioxide create a sense of community involvement, and most of all, into the atmosphere.

We can boost the overall the commitment to make fuel-efficiency of your car things happen. By doing so, as much as 30 percent by even small changes in the way simple vehicle maintenance we confront climate change and attention to your style of can make a big difference.

As such, making energy driving.

Even more important is cons er vat ion a par t of the choice of car or truck you our daily consciousness buy. If we buy a new car that is essential to the goal of gets 10 more kilometers per reducing global warming. gallon than your old car, the Climate change is a global amount of carbon dioxide concern. Let us do our share. reduction realized in one (ruffy44_ph2000@yahoo. year would be about 2,500 com) pounds.

The new hybrid cars, using efficient gas-electric engines, from page 4 can cut global warming then wonder why the world’s pollution by 30 percent or going to hell. Funny, how we more. Recycle air conditioner believe what the newspapers coolant. If your car has an air say, but question what the conditioner, make sure you Bible says. Funny, how you recycle its coolant whenever can send ‘jokes’ through you have it serviced. e-mail and they spread like

wildfire but when you start We can save thousands sending messages regarding of pounds of carbon dioxide the Lord, people think twice each year by doing this. Drive about sharing. Funny, how less. We can save energy by lewd, crude, vulgar and taking the bus, riding a bike, obscene articles pass freely or walking. Try consolidating through cyberspace, but trips to the mall or longer public discussion of God routine drives. Encourage is suppressed in the school car-pooling. and workplace. Are you Recycle whenever possible. laughing?... No nation or Aluminum cans, newspapers, people can ever survive or magazines, cardboard, glass succeed without Jesus Christ.

– anything recycled reduces the energy needed to create from page 4 new products.

Eat locally produced food media, the “wrongdoings” .Today, the food choices of his government (and, of available in supermarkets course, his own supposed come from all over the world wrongdoings), the objective – generally by refrigerated being to continue discrediting airplanes or transport trucks. him in the eyes of the 16 Food transportation is m i l l i on F i l ipi n o s w h o one of the fastest growing catapulted him to Malacanang sources of greenhouse gas even if he was a mere city emissions. Eat vegetarian mayor. meals. Vegetarian food Second, there is not going requires much less energy to to be anyone---detractors, produce. Enjoying vegetarian opponents, or supporters meals once or twice a week of the President---who will results in significant CO2 believe that the PNP will savings. truly let go of its role in the Paint your home light campaign against drugs and color if you live in a warm that it would only be PDEA climate, or a dark color in who will battle, henceforth, a cold climate. This can drug syndicates, drug lords contribute saving up to 5,000 and drug addicts. Anything pounds of carbon dioxide per that happens subsequently year. Choose clean energy in this drug war will still options. perceive to be the handiwork If you can choose your of the PNP, in one way or electricity supplier (which another. ` is not feasible in Philippine Third, it remains clear setting, not yet), pick a that, notwithstanding the company that generates at alleged abuses and mistakes least half its power from in the campaign against wind, solar energy and other drugs, there is no other renewable sources. Buy clean way to effectively fight the energy certificates and carbon curse of drugs in the country offsets. except the kind of total war

Shooting...

Campaign...

that was ushered in by the President at the start of his term, especially considering the negligence (or even outright permission) on the proliferation of drugs by past leaders. What should have been done was to institute reforms in the campaign to stop PNP’s abuses, which was doable anyway.

-ooo WATCH “ANG TANGING DAAN” AT FACEBOOK: “Ang Tanging Daan” is a Bible exposition and prayer session for everyone, in English and Filipino, 24/7, worldwide, that can be viewed at w w w. f a c e b o o k . c om / angtangingdaan. Please see the video section. Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

Indian... from page 5

the PUV Modernization Program for jeepney’s Classes 2, 3, and 4.

Balmadrid noted that the planned assembly here of Tata Motors is vital for the Philippines, since the Indian car manufacturer has production activities in other Southeast Asian markets like Thailand, Vietnam, and Malaysia, but has no manufacturing facility in these countries.

He a d d e d t h a t t h e Philippines can also be the production hub for SFC 407 model in ASEAN, as the three other ASEAN countries where Tata Motors is present do not assemble this vehicle.

Although Balmadrid did not mention the value of investment for local assembly, the Pilipans Taj executive said the investments here would be 100-percent Filipino, while Tata Motors will only provide the technical support.

M o r e o v e r, a s t h e government eyes to provide incentives for car companies that will participate in the PUV Modernization Program, Balmadrid said completely built-up (CBU) vehicles should not qualify for the government perks.

“We would like to push for localized PUV. Even us, we consider to localize even the platform for our three models that will be used for the PUV Modernization Program. We are seriously considering having it locally assembled.

We want to create additional employment,” Balmadrid said.

He a d d e d t h a t t h e localization component under the PUV Modernization Program should be at least 45 to 50 percent.

But even without the incentive package, Balmadrid said the company will still push for local assembly of Tata’s small commercial vehicles such as Ace, Super Ace, and SFC 407, with the growing demand in this category.

He said local demand for small commercial vehicles reach 2,000 to 3,000 units a month.

“This is not necessarily for jeepney modernization program. The demand for small commercial vehicle is just big,” Balmadrid said.

(PNA)

Ships... from page 5

metric tons (WMT), which was lower than the 9.74 WMT it shipped to the two Asian markets in the same period in 2016.

But higher prices of nickel ore pushed its value of shipment to increase, as NAC sold nickel ore to these markets at an average of $24.35 per WMT for the first three quarters of 2017 from $19.37 per WMT in the same period last year.

“We see strong support for prices at current levels, as global demand for commodities, including nickel, continue to improve,” Brimo added.

For January to September of this year, NAC’s four operating mines sold a total of 14.24 million WMT of nickel ore, down by 6.0 percent from 15.18 million WMT these mines sold in 2016.

On the other hand, nickel ore shipments from Hinatuan and Cagdianao mines were both lower in the first nine months of the year due to late shipments brought by prolonged heavy rains.

NAC is the country’s largest producer of lateritic nickel ore and also one of the largest in the world. (PNA)

Railway... from page 1

said.

With the realization of the railway system, Sen. Ejercito said income of the people will improve while poverty will be eradicated. “When this time comes, there will be color of peace in Mindanao,” he added.

The senator from San Juan

City who chairs the Senate Committee on Health visited the province to personally see the newly constructed buildings of D.O. Plaza Memorial Hospital located within the government center complex of the Provincial Capitol in Prosperidad town.

He vowed to do his best to provide hospital facilities that are lacking at the DOPMH upon his return to his office in Manila.

“I am here to see for myself what we can do for Mindanao, Agusan del Sur and Bayugan City. We will make it sure that these places will be genuinely developed whatever we can do in order to deliver the best government services specially on health,” Sen. Ejercito said.

While listening to the message of the senator, Gov. Plaza’s attention was caught by plenty of children around the vicinity.

Being an advocate of family planning, the governor advised parents to control their overflowing love for each other and suggested that there should only two children per couple to ensure they have enough food for their normal growth while assured of brighter future through good education.

EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A MOTOR VEHICLE INCLUDING FRANCHISE UNDER CASE NO.: 2009-551

Notice is hereby given the intestate of late Spouses EXEQUIEL S. GAMALO and EXUPERIA M. GAMALO, who died on 17 May 2014 and January 30, 1982, respectively, both at Cagayan de Oro City, without leaving any will; That the deceased, at the time of their death, left a specific real property, situated in Barrio Kauswagan, Cagayan de Oro City and covered by Transfer Certificate of Title No. T-30065 of the Registry of Deeds of Cagayan de Oro City; A parcel of land Lot 1422-A, Psd-10-001477, being a portion of Lot 1422, Cad-237 Cagayan Cadastre; containing an area of Two hundred twenty (220) square meters, more or less. EXEQUIEL S. GAMALO and EXUPERIA M. GAMALO, is the subject of EXTRAJUDICIAL SETTLEMENT OF REAL PROPERTY WITH WAIVER OF RIGHTS; is made and entered among MAVELIA G. JUMALON, of legal age, married, Filipino and a resident of Valencia, Bohol; EULOGIO M. GAMALO, of legal age, married, Filipino and a resident of kauswagan, Cagayan de Oro City; MARIMAE M. GAMALO, of legal age, single, Filipino and a resident of Cebu City; MILA LUZ M. GAMALO, of legal age, single, Filipino and a resident of Valencia, Bohol; EMERSON M. GAMALO, of legal age, married, Filipino and a resident of Kauswagan, Cagayan de Oro City; Under Notary Public of RENE ARTEMIO T. PACANA; Per Doc. No. 113; Page No. 25; Book No. 77; Series of 2017.

Notice is hereby given the intestate of late NELSON BORRES LEMOSTERO who died sometime last MAY 26, 2016 at DOA-SABAL HOSPITAL, Puerto, Cagayan de Oro City. That he died intestate, without any LAST WILL AND TESTAMENT and without any known debts in favor of any firm, person or entity; That during his lifetime he left a MOTOR VEHICLE: SUZUKI, Serial No. DC51T-516155; Motor No. F6A6596887; JITNEY, Plate No. KVW 792; Color ORANGE, File No. 0907-00000025774; The late NELSON BORRES LEMOSNERO; is the subject of EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A MOTOR VEHICLE INCLUDING FRANCHISE UNDER CASE NO.: 2009-551; is made and entered into this 17th day of August 2017 in the City of Cagayan de Oro City; KENNETH TABOR LEMOSNERO all of legal age, Filipino Citizens, with residence and postal address at Greenville Bugo, Cagayan de Oro City, hereinafter referred to as the Heirs/Sellers; AND RENANTE E. VILLACURA, likewise of legal age, Filipino citizen, married to MARICRIS S. VILLACURA, with residence and postal address Binitinan, Balingasag, Misamis Oriental, hereinafter referred to as the BUYER/VENDEE; That for and in consideration of the sum of ONE HUNDRED THOUSAND PESOS ONLY (Php 100,000.00) Philippine Currency, to us in hand paid to our full satisfaction paid the herein VENDEE/BUYER the HEIRS/VENDORS/SELLERS do hereby SELL, CEDE, TRANSFER and CONVEY the above-described MOTOR VEHICLE in favor of the VENDEE/BUYER his/her heirs, assigns or successors-in-interest,

by WAY OF DEED OF ABSOLUTE SALE of the above-described MOTOR VCEHICLE free from any liens and encumbrances, free from any third-party claimant whomsoever. Under Notary Public of ATTY. EMELITO J. MARQUINO; Doc. No. 161; Page No. 32; Book No. XIV; Series of 2017.

BWM: Oct. 6, 13 & 20, 2017

BWM: Oct. 6, 13 & 20, 2017

EXTRAJUDICIAL SETTLEMENT OF REAL PROPERTY WITH WAIVER OF RIGHTS

12

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