BusinessWeek MINDANAO CREDIBLE
Volume VIII, No. 56
Market Indicators
As of 6:00 pm October 13, 2017 (friday)
FOREX
PHISIX
US$1 = P51.482
8,447.94
9.7 cents
X
45.13 points
Briefly
X
Cost of Agus rehab THE rehabilitation of Mindanao’s main power source, the Agus-Pulangi hydroelectric complex, will take about four to five years to complete, and cost some P54 billion, the Finance department said. National Power Corp. (Napocor) president Pio J. Benavidez was quoted in a statement from the Department of Finance as saying that the total cost for rehabilitating the seven power plants will be $1.07 billion, or P54 billion. The rehabilitation of Agus 1 is expeced to cost $92 million, Agus 2 $207 million, Agus 4 and 5 $245.07 million, Agus 6 $172.5 million; Agus 7 $62.10 million; and Pulangi 4 $293.25 million.
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French company eyes Davao cacao beans www.businessweekmindanao.com
D
By Antonio L. Colina IV, MindaNews
AVAO City – French company Valrhona Chocolates has signified interest to import 25 metric tons, or 25,000 kilos, of roasted cacao beans from the Davao Region, an industry official said.
Drying cacao beans in Tugbok District, Davao city. MindaNews file photo by RUBY THURSDAY MORE During the opening of the
three-day Davao Chocolate Festival at the SM City Davao, Engr. Edwin O. Banquerigo, coordinator of the National Cacao Industry Cluster of
Monday | October 16, 2017
the Department of Trade and Industry (DTI) 11, said the French firm’s executives came to Davao City last week to look into the local supply of cacao beans. “ They heard a lot of information about our beans,” he said of the quality of cacao grown in the region. The region, Banquerigo said, supplies majority of cacao production in the Philippines. beans/PAGE 11
China sent equipment for Marawi City rehab
Bahay Pag-asa ILIGAN City -- To provide i m mediat e shelter and accommodation to the families affected by the Marawi siege, Bahay Pagasa (Home of Hope) was launched in Barangay Bito Buadi Itowa, Marawi City. With the collaborative efforts of the Tarlac Heritage Foundation, Chinese Filipino Business Club, Inc. and the 1st Infantry (Tabak) Division, Philippine Army, a total of 50 nipa huts were constructed in a 1.2 hectare land. Attaching raincatching systems for water supply and solar panels for electricity, the 8x8 ft. houses were built using bamboos, polyvinyl chloride (PVC), and nipa palm. A total of 30 comforts rooms, 30 bathrooms, 10 sinks and 10 cooking facilities were also built.
MARAWI REHAB. Forty-seven heavy equipment from the People’s Republic of China were unloaded from a cargo ship at the Iligan Port. The equipment, sent through China’s Emergency Humanitarian Assistance Program, were turned over to the Department of Public Works and Highways 10 (DPWH-10) and will be utilized for the rehabilitation of Marawi City. (PIA-10 Photo)
7,000 construction workers needed in Northern Mindanao By MARK FRANCISCO, Staff Writer
A T O TA L o f 7 , 0 0 0 construction workers is needed in Nor thern Mindanao, according to Technical Education Skills
and Development Authority (Tesda) director-general Guiling Mamondiong. Tesda launched on Friday the Regional Training Center
for Construction located in Libertad, Misamis Oriental. The said training center offers Construction Painting, Plumbing, Tile Setting, Carpentry, Masonry, workers/PAGE 11
COWD-Rio Verde to end supply deal (Last of A Series)
By MIKE BAÑOS, Editor-at-Large
Joint Venture Initiative COWD General Manager Rachel Beja disclosed during the latest city council public consultation that COWD is
entering into a joint venture agreement with Metropac Water Investments Corp, (MWIC) to supply up to 100,000 cu.m. of treated
P15.00
bulk water daily to COWD to address the increased demand in its East and West Service Areas. The new JV firm is exploring three options by which the requirement deal/PAGE 11
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Economy
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CDO to host 9th national ICT summit
T
O keep up with the current trends in the global Information and Communications Technology (ICT) industry, prepare for and embrace the countryside digital opportunities, and enable a sustainable ecosystem for tech industry and innovation to flourish, the National ICT Confederation of the Philippines (NICP) together with the Department of Information and Communications Technology (DICT), will hold the 9th NICP Summit on November
16-17, in Cagayan de Oro City. The summit will highlight the DigitalCitiesPH Launch which aims to provide great opportunities for the development of the nation’s infrastructure to achieve the government’s goal in becoming a global contender in the Digital Economy. The launch will be held at the Limketkai Luxe Hotel on November 16. The second day of the summit will be the 6th eGov Awards or the Awards for Excellence in ICT for Good Governance for Local Government
Units (LGUs). This is an annual search for the best practices in LGUs where entries are evaluated according to the LGUs’ relevant utilization of ICT to effectively and efficiently deliver its public services directly to its constituents and stakeholders. Lawyer Jocelle Batapa of NICP shared that for this year, there are 39 entries for eGov Awards. “The eGov Awards will become a marketplace for sharing and it will be held at Rosario Pavilion, Limketkai Center on November 17,” Batapa
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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
said. The lawyer also cited the key panel topics in the summit that include enhancing country competitiveness, talent development programs, building innovation and startup ecosystem, stepping up to knowledge processes, promoting open governance, identifying strategies to attract specific niches
to the countryside, and harnessing role of ICT councils. Batapa said that such summit is significant to attract more investments in the country, boost employment, make the ICT industry and its benefits more understandable to the general public, and capacitate students with the skills needed in the industry.
Around 700 stakeholders and experts from the academe, government, business and more are expected to grace the summit who will share industry trends, developments, best practices, and identify challenges and ways to generate new investments and create jobs especially in the countryside.(RTP/ PIA10)
China provides heavy equipment to fast track Marawi recovery ILIGAN City -- Fortyseven set of heavy equipment from the People’s Republic of China through its Emergency Humanitarian Assistance Program were turned over to the Department of Public Works and Highways 10 (DPWH-10) which will be utilized for the rehabilitation phase of Marawi City. Shipped from the Port of Shanghai to Iligan Port, the heavy equipment include eight excavators, eight wheel loaders, five compactors, five track type tractors, five bulldozers, eight dump trucks, eight cement mixers and a unit of container van. The heavy equipment
will be used for the construction of transitional shelters particularly in Barangay Sagonsongan for internally displaced persons (IDPs) of Marawi. DPWH-10 District Engineer Rey Peter Gille and Office of Civil Defense-Autonomous Region in Muslim Mindanao (OCDARMM) Regional Director Reylindo Aniñon inspected the heavy equipment. Engr. Gille said that the heavy equipment are “very vital in fast tracking the operations in the recovery and rehabilitation phase of Marawi City currently being undertaken.” Being the lead agency
for the Reconstruction Committee of the Task Force Bangon Marawi (TFBM) and member of Housing Sub-committee, DPWH has already completed the site development for areas 2, 3, 4, 5 and 6 in Barangay Sagonsongan. Road concreting is still ongoing and estimated to be completed by the end of November, this year. Furthermore, DPWH continues to provide assistance to the evacuation centers through the improvement of roadways, installation of water supply system, latrines, communal kitchens and other related matters. (LEAntonio-PIA ILIGAN/LDN)
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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Banking&Finance
EastWest Peso Intermediate Term Bond Fund wins Best Managed Fund of the Year
T
he Chartered Financial Analyst (CFA) Society Philippines named EastWest Peso Intermediate Term Bond Fund the winner of the 2017 Best Managed Fund for Peso MediumTerm Bond category. The recognition was given during the 2017 Best Managed Fund of the Year Awards held recently at the SMX Convention Center Manila in conjunction with the 3rd Philippine Junior Finance and Investment Summit. Now on its second year, the Best Managed
Fund of the Year Awards recognize high-performing funds open to the public, based on their five-year riskadjusted returns. It is organized by CFA Society Philippines, an association of local investment professionals, in collaboration with the Fund Managers Association of the Philippines and the Trust Officers Association of the Philippines with the aim of helping investors make sound investment decisions while encouraging
fund managers to practice the highest standards of ethics and investment excellence in managing investable funds. EastWest Peso Intermediate Term Bond Fund was also recognized at last year’s awarding as second place in the same category. One of EastWest Bank’s unit investment trust fund (UITF) products, EastWest Peso Intermediate Term Bond Fund aims to provide investors the potential to earn intermediateterm returns higher
than traditional bank deposits. The fund is invested in government securities, corporate bonds, various fixed income securities, and BSP deposit/time deposit and is ideal for investors with low to moderate risk appetite and with an investment horizon of at least three years. It is available at any EastWest store nationwide for an initial investment of only P10,000. Please visit www. eastwestbanker.com for more information about EastWest UITFs.
EastWest AVP & Head of Trust Marketing Jaclyn Faith Chua (right) and CFA Society Philippines President Cristina Arceo.
BUREAU of Internal Revenue (BIR) Commissioner Caesar Dulay is optimistic of hitting the agency’s P1.829 trillion 2017 collection goal with greater cooperation from taxpayers and strengthened collection by regional offices. He said they are trying their best to meet the target “with the cooperation of taxpayers.” He admitted that revenue collection is “very tight”
but pointed out that “the regions are doing very well.” “They are really working hard,” he told reporters Thursday. Bureau of the Treasury (BTr) data show that as of end-August this year, BIR registered a 9 percent year-on-year uptick in collections to P1.157 trillion from year-ago’s P1.058 trillion. Dulay’s optimism is partly due to the initial outcome for September.
“We had a very good month in September. Our growth is...we have 97 percent collection,” he said. The BIR chief also cited the impact of the tie-up with the Land Bank of the Philippines (Landbank). On Thursday, BIR and Landbank officials announced the program that allows Landbank savings and current account holders to pay their taxes online through the Landbank LinkBiz
Foreign debt service Dulay sees BIR hitting P1.83-T revenue target down 1.23% in June THE country’s external debt service burden was mostly stable at $3.722 billion as of end-June, just 1.23 percent lower from the same period last year of $3.798 billion. Based on Bangko Sentral ng Pilipinas (BSP) data, debt servicing principal payments slipped to $2.517 billion from $2.526 billion in 2016. Interest payments also was down to $1.205 billion versus same time last year of $1.242 billion. The debt service burden is the principal and interest payments on all foreign debt both public and private sector, and by computing the debt service ratio (DSR) with debt service burden, foreign debt borrowers show a capacity to meet obligations. This means there is sufficient foreign exchange earnings to pay for maturing loans. At end-June, the DSR improved to 6.6 percent compared to 8.8 percent in end-March because of higher receipts and lower payments, according to the BSP in reporting the external debt data. The DSR has also consistently remained well below the international benchmark range of 20 percent to 25 percent, the BSP added. During the same period, the country’s outstanding external debt amounted to $72.5 billion, about 6.7 percent lower year-on-year. On a quarter-on-quarter basis, external debt declined by 1.8 percent or from $73.8 billion. Public sector external debt accounted for 51.7
percent of the total or $37.5 billion while private sector debt amounted to $35 billion or about 48.3 percent of the total. About $23.7-billion loans are from multilateral and bilateral creditors while another $23.7 billion are loans from foreign banks and other financial institutions, both accounting for 32.7 percent each. A total of $20.3 billion are borrowings in bonds and notes held by non-residents and $4.8 billion from foreign suppliers/exporters, accounting for 28.1 percent and 6.6 percent respectively, of total external debt. BSP Governor Nestor A. Espenilla Jr. has often noted the manageable external debt position, as well as the stable external payments position despite a “modest deficit” because of import growth. For 2017, the BSP estimates a balance of position (BOP) shortfall of $500 million. “The country’s overall BOP position, nonetheless, is very manageable and can stand resilient against external headwinds as we see stable flows from remittances and receipts from BPO services as well as increasing tourism revenues and foreign direct investments in the years ahead,” he told bankers in a recent forum. He reiterates that the BSP estimates a moderate BOP deficit of less than one percent of GDP this year.
Portal. Taxpayers first need to enroll their eBIRForms through the BIR website. After this, they need to visit the Landbank website and access its e-Banking tab, where they can see the tab for the LinkBiz Portal. Landbank president Alex Buenaventura, in an interview by journalists at the launching, said they will eventually expand the program to all Bancnet card holders. Revenue/PAGE 11
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Opinion
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‘No bleeding hearts’
HOTLINE Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO
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Tests for Heart Disease think a minute
jhan tiafau hurst Think a minute…Imagine that people around you were dying from a terrible disease only because they were not tested and treated with medicine early enough. Wouldn’t you want to be tested right away so you could get help before it was too late? Yet there is a serious disease that is worse than cancer or AIDS. And you can know today whether or not you have this deadly disease. Just take this quick test that could save your life. Number one: Is there someone with whom you’re very angry? A person who deeply hurt and wronged you? It could be someone in your family. A friend. Someone you work with. Maybe it happened a long time ago, but you’re still angry and bitter toward them. Number two: Do you
blame someone else for your problems? Your parents? Your husband or wife? You think it is other people’s fault why you’re not happy and successful. Maybe you even blame God for not helping you like you think He should. Number three: Do you find yourself getting angry at someone today because that person reminds you of someone else who wronged and hurt you in the past? If you answered yes to any of these questions, then you’re suffering from the deadly disease of unforgiveness. Your only cure is to forgive that person who wronged and hurt you. You need to do it today—before this disease turns into hate and bitterness that destroys you inside. Doctors tell us that anger and unforgiveness can cause high blood pressure, stomach ulcers, headaches, arthritis, and many other diseases. Unforgiveness will also destroy your marriage, family, and all of your other relationships. But worst of all, if you will not forgive that other person, then God cannot forgive you. Jesus Christ warns us that if our heart is closed to give love and forgiveness to others, then it is also closed and disease/PAGE 10
Ruffy magbanua WITH his approval and trust ratings still on the upward trend, both 80 percent in the latest survey of Pulse Asia Research, President Duterte, in his usual fighting stance, is confident the war on drugs will continue to gain foothold following the sudden operational shift -- from the PNP to PDEA. The latest results had painted a different picture from the Social Weather St at i ons ( S WS ) su r ve y results released ahead of
the Pulse survey. The SWS of the Progressive Alliance, survey period was conducted was allegedly invited by around the same time, from their Filipino counterpart September 23 to 27, this year. to supposedly ‘drumbeat’ the The shift targeting big anti-drug war campaign of drug personalities in the the Yellows, the left and the war on drugs, according to Catholic Church. President Duterte would It was unclear however, s omehow s at isf y t he whether the decision of the ‘bleeding hearts’ of those President to change his tactics complaining of EJKs and in the anti-drugs campaign the uncalled interference of was influenced by outside Western states e.g. the EU pressure, or from the locals on the reported alarming – the increasing ‘noise’ death toll in the brutal drugs from the other side of the fence, Trillanes, De Lima, crackdown. Reading his memorandum Hontiveros, et al. removing the police from the T h e b a d - m o u t h e d drugs war and placing the President appeared mad Philippine Drug Enforcement and furious over the soAgency (PDEA) in charge, c a l l e d i nt e r f e r e n c e o f President Duterte has again European ‘lawmakers’ by cursed foreign critics, this issuing warnings that the time against the visiting country could possibly lose European ‘parliamentarians’, its UN membership if the a s m a l l s e l f - d e c l a r e d reported EJKs will continue members of the progressive unchecked. left reportedly not sanctioned Are there really EJKs in the fight against drugs? by the EU. The group, all members In a Malacanang report,
it had stressed out that there is no domestic law defining EJKs. In the absence of a domestic law, specifically defining EJK, any killing outside legitimate police operations is considered as murder or homicide. The Duter te administration has adopted the operational guidelines of Administrative Order 35, issued by then President Noynoy Aquino, in defining extrajudicial or extra-legal killings. The order defines EJK as killings where the victim was: • a m e m b e r o f , or affiliated with an organization, to include political, environmental, agrarian labor, or similar causes • an advocate of abovenamed causes • a media practitioner • person(s) apparently bleeding/PAGE 11
Marawi siege - how will it end? Speaking out
ignacio bunye The more than five month battle to retake Marawi has quite a few similarities to the Battle of Manila which occurred 72 years ago. The Battle of Manila which raged for more than a month in 1945 was the first and only urban warfare fought by the Allies in the Pacific theater. All previous battles from
Guadalcanal up to Leyte were fought either in jungles or open fields. Nothing prepared the Allied troops in the Pacific for this type of warfare save for the theoretical training provided in field manuals. The GIs had to learn their lessons fast in actual combat. One Allied field manual instructed troops on, among others, how to take buildings: “Attackers should get into the highest floor possible immediately either going up stairs or directly up the walls, since once the upper floors are under control, the remaining enemy can be eliminated much easier. A point to stress – go into the building firing.” If memory serves, the only prior Philippine military experience in urban warfare
was during the siege of Zamboanga City in 2013. Feeling left out in the on-going peace talks with the MILF, MNLF leader Nur Misuari started to make his presence felt once again by seizing Zamboanga coastal towns. The battle eventually spread to the city. In Zamboanga, the final stages of the battle involved house-to-house clearing. But unlike in Zamboanga, the takeover of Marawi appears better planned and the hostile forces came better prepared. The Mautes stacked up on arms and food which sustained them during the early stages. They even managed to dig connecting tunnels which protected them from air strikes. The Mautes booby trapped likely routes of government
forces. All these, plus the fact that hostiles have held dozens of civilian hostages, have slowed down the advance of government troops. Several times, the declaration of cessation of hostilities was pushed back. Hopefully, it will come soon. The more protracted the battle becomes, the more international propaganda mileage the Mautes gain. In Manila 72 years ago, here is how the month-long battle started and ended. Admiral Sanji Iwabuchi, the Japanese Commander, had ordered the fortification of several strong points in the center of Manila. Buildings of strong material were ringed by Japanese pillboxes. Streets leading to the mini-fortresses siege/PAGE 10
Politicians, those in gov’t, are the ones truly insane Kakampi mo ang batas
Batas Mauricio LIFE’S INSPIRATIONS: “… However, if you no longer listen to the Lord your God, and no longer obey His commands… all these curses will come upon you and overtake you… Because of these curses from God, you will be afflicted with madness, blindness, and confusion of mind…” (Deuteronomy 28:15, 28, the Holy Bible). -ooo-
WHO, REALLY, ARE INSANE AND MAD AMONG US FILIPINOS? Is it true that one in every three Filipinos has a mental health problem, as what was proclaimed by Dr. Lourdes Ignacio, a professor at the University of the Philippines College of Medicine in Padre Faura, Manila who received an award from the National Academy of Science and Technology last Thursday, October 12, 2017? Is it not more true (if there is such a thing) that more than one in three Filipinos are truly afflicted with insanity, madness, and confusion of mind, especially if we consider the fact that millions of our countrymen are now slaves to drugs, shabu, and other prohibited substances which induce mental stupor? We only need to look around
the country today to see the truth that many of us are now truly mad and insane. Then is it not also true that many Filipinos are now unremittingly insane because they can kill even those who are merely suspected of crimes, especially those who are suspected of involvement in illegal drugs; nonchalantly rape even mere new-born babies; shamelessly steal or plunder hundreds of millions in government funds for their own personal or family interests; and shield admitted corrupt officials simply because the corrupt officials were the ones who installed them in power, or are their colleagues in their party? -ooo MOST INSANE FILIPINOS ARE IN BARONGS AND SUITS:
These Filipinos---who are even clad in classy barong tagalog or in suits known locally as “Americana”, who wear expensive jewelry, and who reside in posh residences even if they have no visible businesses, and who are even lording it over as chiefs of many government offices--are the ones truly insane and mad, and confused of mind. Why, if these Filipinos are not insane and mad, can they stomach stealing and plundering and pocketing hundreds of millions of pesos in government funds, killing their fellow Filipinos even if the victims are merely suspected---not having been proved yet---of having done a crime, particularly of dealing in illegal drugs, raping even mere babies, and shielding insane/PAGE 10
DISCLAIMER: All articles and commentaries published in this section are construed to be the sole responsibility of the writers and do not in any manner reflect the stand of the newspaper, its publisher and editors -- The Editor in Chief
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Sports
monday|october 16, 2017
ITF to introduce new format for Davis Cup next year By Jean Malanum
MANILA -- The International Tennis Federation (ITF) will introduce the trials of the two-day format and the best-of-three matches during the Zone Group level competitions of the Davis Cup next year. The ITF Board of Directors has agreed to introduce the trials in all Zone Group 1 and 2 ties starting with the first round ties in February, according to the statement released to the media on Saturday. “The board was given the authority to decide on Davis Cup and Fed Cup trials in a vote by member nations at the 2017 ITF Annual General Meeting in August,” the statement said. The Davis Cup and the Fed Cup are the largest team competitions for men and women. Based on the twoday format in Zone Groups I and 2, the two
singles matches will be played on Day 1, and the doubles match followed by the two reverse singles matches will be played on Day 2. This will ensure that all doubles matches remain live. Zone Group 1 first-round ties will be played on Feb. 2 (Friday) and 3 (Saturday), with Zone Group 2 first-round ties played on Feb. 3 (Saturday) and 4 (Sunday). The two-day, bestof-three-sets trial, however, will not apply to the World Group, which will continue to play ties over three days and best-of-five sets next year. Meanwhile, the ITF Board also approved a trial to increase the size of teams in the World Group and Zone Groups I and II from four to a maximum of five players “to give nations greater flexibility in team selection”.
The statement also mentioned changes in the dead rubber policy which will also be trialled in the World Group and Zone Groups I and II in 2018. “No fifth rubber will be played if the fourth rubber is decisive, the same as the current rule for the Davis Cup Final. (The current rule for other ties states that the fifth rubber must be played if the fourth is decisive but less than four sets.),” the statement said. “If the score is 3-0, only the fourth rubber will be played, over best-of-three-sets. (The current rules states that the fourth and fifth rubbers should both be played.),” the statement added. ITF President David Haggerty said: “We are as determined as ever to enhance our flagship team competitions for players, fans, host nations, broadcasters and sponsors. The nations voted to give
the Board the flexibility to trial changes, and the board has acted quickly to make this happen in 2018.” “The Board felt it was appropriate to trial the two-day, best-ofthree-set format at Zone Group level. Should the trial prove to be a success, we will be in a position to consider whether it should be applied for the World Group as well after 2018,” he added. The Annual General Meeting also approved other reforms to develop the Davis Cup and Fed Cup experience for players, teams and host nations. These include giving the finalists in both Davis Cup and Fed Cup the choice of hosting their firstround tie in the following year and the lowering match court availability and practice court requirements to reduce hosting costs for national associations. (PNA)
Cebu to host 2017 Philippine National Games in December By Jean Malanum
MANILA -- The Philippine Sports Commission (PSC) announced that preparations are underway for the Philippine National Games (PNG) which would be held from December 10-17 in Cebu City. According to the statement released to the media on Friday, PSC Chairman William “Butch” Ramirez reiterated the agency’s commitment in supporting grassroots sports as
he addressed coaches and technical officials during the PNG coordination meeting last Wednesday at the Rizal Memorial Sports Complex. “Thank you for being here and lending your time and skills,” said Ramirez during the meeting attended by coaches, technical officials and athletes from different sports associations. “Deepening the hold of grassroots sports will pave the way for larger developments in
the country’s push for sports development,” he added. Aside from the PNG, the PSC has lined up activities such as the Batang Pinoy tournament in Vigan this October, Children’s Games and Indigenous Games. The sports agency is also cooperating with the Department of Education (DepEd) for a bigger and better Palarong Pambansa. Meanwhile, the PSC will hold a consultative meeting
among collegiate sports stakeholders on Ocrober 16 and 17 at the Philsports Multipurpose Arena in Pasig City in an effort to a unified association for sports in the university level. “If we do something, let us do it the best we could. Let us make a great edition of the PNG and discover the hidden gems in our youth,” said Ramirez. Last year’s Philippine National Games was hosted by Pangasinan. (PNA)
CorporateWorld 7 Jollibee Foods eyeing A Brown Company OK’s more acquisitions in US and China debt-to-equity swap Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
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JOLLIBEE Foods Corp., the fast-food chain that controls more than half of the Philippines’ $4-billion market with its signature fried chicken, is looking for acquisitions to accelerate ambitious expansion plans in the US and China. The targets could be other fast-food chains as well as fastcasual restaurants like Smashburger, the US franchise in which Jollibee owns 40 percent, President Ernesto Tanmantiong said in an interview. “We are looking at the world arena,” he said. “The acquisition of new businesses is part of our growth strategy and, over the last few years, we have been entertaining opportunities.” Pasig City-based Jollibee is on track to meet its goal of doubling profit in the five years through 2019, and Tanmantiong now wants it to be one of the five biggest restaurant chains by market capitalization globally. Jollibee, which had about 14 billion pesos ($272 million) in cash and equivalents as of June 30, operates more than 3,500
stores globally, according to its second-quarter earnings statement. Its best-selling item is called Chickenjoy. Three-quarters of those outlets are in the Philippines, where the company is capitalizing on an economy that’s grown by at least 6 percent for nine straight quarters. The World Bank projects that streak to continue through 2019 as consumer spending increases and the population grows at a faster rate than the global average. “We are optimistic with the future of the Philippine market,” said Tanmantiong, 59. “Major pillars will still be the Philippines, China and US, although we don’t close our door to opportunities in other geographic areas.” Jollibee generated 21 percent of its 113.9 billion pesos in revenue overseas last year, according to data compiled by Bloomberg. The company’s shares have risen 26 percent so far this year, outperforming the benchmark Philippine Stock Exchange Index. Its current market jollibee/PAGE 10
A
BROWN COMPANY, Inc. is looking to convert the company’s debt and deposits amounting to P450 million to equity. In a disclosure to the stock exchange on Thursday, the listed holding company of the Brown Group of Companies said its board
of directors approved the conversion of its debt and deposits to equity at P1.13 per share. The price is based on the 15-day volume weighted average price of the company’s shares for the period ending Oct. 11. The conversion to equity will translate to 221.24 million shares out
of a P250-million liability from Brownfield Holdings, Inc. as well as 88.5 million shares each for Valueleases, Inc. and RME Consulting, Inc. from a P100-million debt from each of the two firms. “The transaction is intended to settle outstanding loan obligations as well as
convert the deposits and at the same time strengthen the balance sheet of the company. This allowed the company to raise funds for expansion of existing businesses and investments in new projects,” A Brown said. Incorporated in 1966, A Brown’s core business is in real estate development in Cagayan de Oro City, Misamis Oriental, in Cainta, Rizal, Bukidnon, and Agusan del Norte.
Cebu Pacific Air launches Customer Command Center
Deborah Tudtud of Cebu Animation Guild conducts a 2D workshop last Saturday, October 14 at the DICT regional office as organized by the Cagayan de Oro ICT Council. photo by mark francisco
CEBU Pacific on Thursday launched its Customer Command Center, a facility that integrates its people, process, and technology to boost its “customer-first” efforts. Cebu Pacific Vice President for Marketing and Distribution Candice Iyog said the command center, located along Domestic Road, Pasay City, aims to increase the company’s awareness of its customers’ needs. launches/PAGE 9
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monday|october 16, 2017
When you’re in Davao City, Read:
HOTELS & RESORTS DIRECTORIES
VILLA MARGARITA HOTEL J. P Laurel Avenue, Bajada, Davao City, Philippines Tel. No.: (082) 221-5674 / Fax No. (082) 226-2968 MICROTEL By Wyndham Davao Damosa Gateway Complex Angliongto Rd., Lanang Davao City 8000, Philippines Tel +63 82 233 2333 / Mobile +63 917 795 3548 www.microtelphilippines.com PINNACLE HOTEL Sta. Ana Avenue, Davao City. No. (082) 300-5885 Telefax: 300-1881/ 221-3025 Website: www.thepinnaclehotel.com ALU HOTEL M. Roxas Avenue corner Padre Faura Street, Davao City. Tel No (63 82) 221-5232 / Mobile (O943) 652 3927 Email: aluhoteldavao@yahoo.com info@alu-hotel.com / www.alu-hotel.com GRAND REGAL Km 7 Lanang, Davao City, Philippines Tel. 235-0888 / Fax 235-2335 email: grandregalhotelegmail.com VIAJEROS ECONOMY HOTEL Patnubay St., Sandawa, Matina, D.C Tel. No. 297-5710 / Telefax (6382) 298-5134 Mobile: 0922.-8268425 Website: www.viajeroseconomyinn.com ROYAL MANDAYA HOTEL J.Palma Gil St., Davao City 8000 Phils. Tel. No. (082) 225-8888 / fax No. (082) 225-1885 info@theroyalrmandayahotel.com www.theroyalmandayahotel.com HOMITORI Bangoy Street corner Santa Ana Avenue, Davao City Tel. No. (082) 295-2969 & 295-2471 / Mobile: (0922) 8994646 Email: homitoridvo@gmail.com or Like us on www.facebook.com/pages/Homitori-Davao BIG APPLE HOTEL Brgy. Angliongto, Lanang, D.C. Hotline Nos.: (082) 234-8459 Facebook account: bigapplehotel@ymail.com Email: bigapple_hotel@ymail.com
THE PERIDOT SUITES Carmelite Drive, Lanang, Davao City Tel. no.: (082) 305-6530 / Fax no.: (082) 305-38I2 Email: theperidotsuiles@gmail.com AZIENDA MEO APARTELLE 11 Corner Pioneer and Doña Vicenta Village, Phase 1, Davao City Telefax. No: (082) 227-4119 & 284-6689 Cell Phone No. 09256652626 Website: www.aziendameo.com Email Add: aziendameo@yahoo.com.ph
Marawi kids enter a new world in Smart storytelling session Eleven-year-old Aman Binasing is among the thousands of people displaced by the armed conflict in Marawi. For months he has dealt with the challenges of living in an evacuation center. But for one day, he was able to leave his worries behind and enter an amazing world where magical hats can fly and where laundry women can possess superpowers. PLDT wireless subsidiary Smart Communications recently treated Aman and dozens of children like him to a special leg of the storytelling caravan it has brought all over the country. The storytelling session, held at the Philippine Army headquarters in Taguig, was part of daylong activities prepared by the MVP group of companies for kids of Marawi. The children, aged five to 13, listened in rapt attention to stories narrated by Rey Bufi of the Storytelling Project and employee volunteers of Ericsson Philippines. The kids also volunteered to act as characters in a story, and participated actively in dance exercises and
games, where some of them got story books as prizes. “I enjoyed the stories the most,” Aman said. Smart community partnerships head Darwin Flores explained the value of storytelling for children in conflict situations. “This practice encourages children to let their imagination run free and create a world of their own. Stories help them go beyond the confines of their present situation. They can create love and joy in their own stories,” he said. A United Nations paper on children and armed conflict states that “Music, drawing and painting, creative
writing, storytelling, drama, sports and team play all provide important ways ‘back to the self.’” The paper explains that these activities help children connect with others and express feelings about experiences on their own terms. According to education experts, storytelling also expands children’s vocabulary, teaches values, and makes learning more fun. Thirteen-year-old Cairanie Camar said she enjoyed listening to the stories. She added that back home, she would read books after finishing her household chores. “I like learning
new things,” she said. Smart public affairs senior manager Stephanie Orlino said that aside from encouraging love for stories and reading among Filipino children, Smart is also trying to inspire adults to tell stories to the children in their lives. “Adults can use new technologies such as mobile devices and the internet to make story time more fun for kids. They can look for stories online, and look for images that could help children better understand the stories. These are just some of the ways by which technology can help adults connect more deeply with the youth,” she said. Smart has so far brought the storytelling caravan to Baguio, Manila, Bulacan, Batangas, Laguna, Cavite, Dumaguete, Bacolod, Davao, Saranggani, Cebu, Siargao, and Sorsogon. The sessions have been attended by hundreds of students. The caravan will be brought to more areas in the coming months.
Big 8 Corporate Hotel Visayan Village, National Highway, Tagum City Mobile nos. 09173029063 & 09328539372 Tel. No.: (084)216-0888 Email: info@big8corporatehotel.com www.facebook.com/big8corporatehotel.com www.big8corporatehotel.com HOTEL ELENA Avenida Santos Ave., Nova Tierra Vill, Lanang, D.C Tel. Nos. (082) 233-1941 & 305.8799 / fax No. (082) 233-1887 PARADISE ISLAND Tel. No. (082) 233-0251 & 300-2343 / CP No.: 09209546780 E-mail: paradiseislanddavao@gmail.com MARCO POLO DAVAO C.M Recto St., Davao City davao@marcopolohotels.com www.marcopolohotels.com (63 82) 221-0888 HOTEL ESSE Brgy. 9-A F Torres Street, Davao City Hotline: No: 227-37-73 / Fax: 295-34-85 Website: www.hotelessedavao.com.ph Email Add: hotel_esse_davao@yahoo.com RUEMANGO APARTELLE & SUITES 516 Mangga St., Juna Subd., Matina, Davao City ruemangoapartelleandsuites@gmail.com www.ruemango.com Tel. Nos.: (082) 295-7175/ 295-7180
Barangay Kauswagan is the Grand Winner of this years's Best Lupong Tagapamayapa Regional Awarding Ceremony held at Grand Caprice Restaurant for the Highly Urbanized City Category in Northern Mindanao.This is their 7th consecutive award of this prestigious contest..2nd Place goes to Barangay Camaman-an while the 3rd Place was goes to Barangay Canitoan lead by Punong Barangay Joshua Taboclaon. photo by ercel maandig
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Billboard
monday|october 16, 2017
"IMAGES- A Photo Exhibit taken during the 10th Scott Kelby Worldwide Photowalk Officially Showcased"
Photos courtesy: Pastsky Sagocsoc
Photo courtesy: Clement Dampal II of www.bestspotsph.com
147 mothers join Int’l Babywearing Week in CDO Story and Photo by RECTHIE PACULBA, PIA
CAGAYAN DE ORO CITY – With the theme, “Threaded Together,” the Modern Nanays of Mindanao (MNM) spearheaded the region’s celebration of the International Babywearing Week (IBW) 2017 with 147 participants all over northern Mindanao on October 7, here. The inspiration for the theme comes from the many different threads that when combined through the weaving process, form all of the carriers that many families use nowadays. All of the individual threads, once woven, create a material in the same way individuals and groups worldwide come together to create a global babywearing community. Miss Jocelyn Maandig Mahinay Kikuchi was blessed to a Japanese National through an International Holy Wedding in Korea in 1992.When she was still a college student,she met a college campus organization called CARP(Collegiate Association for the Research of the Principle). She was born Christian and raised by her Grandparents who were spiritual people but she is not that kind who involved in any religious activities. Before she joined the movement,she was a Disco and Party goer, empty hearted and proud of herself but after listening to the divine principle,she transformed and now in the opposite place from what she is before. Jocelyn said that she felt restored and feeling liberated. One of her professor came to witness their class regarding the seminar and offered them an exemption to the final exam if they can spare time on the special workshop and as a freshman college student, her wholesome motives
With babywearing, Lucille Lapinid of MNM said that babies develop a sense of security and trust when they are attached to their caregivers. The act also helps in babies’ regulation of temperature, breathing and growth. Lapinid also shared that babywearing parents are more confident and mobile as they can easily address the needs of their babies. Thus, worn babies cry less and are in a quiet alert state, which is the ideal state of learning. Babywearing also strengthens and improves both the parent and the baby’s core muscles and posture. For her part, Nadine Casiño, founder of MNM, stresses the common babywearing errors such as the front face carry, was to be exempted from the final examination and it was in the Month of March and sooner School vacation time her Aunt did'nt want her to go but she ionsested to attend to avail the exam exemption. In 1987,the CARP Organization has an affiliated youth community that are organized called as BKKB(Bayanihan Kabataan Para sa Kaunlaran ng Bayan). The theme of the program was: "If you want to win the heart of the people Serve" in other words,"service for Peace"."This simple phrase really stucked on my head and I was impressed fore the knowledge and lesson that I had learned from rendering a volunteer service",Jocelyn said.After thje workshop,she totally transformed into a new person. In 1992,FFWP(Family Federation for World Peace) sponsored a Mass Wediing in Korea and surprisingly she was one of the chosen applicants matched to a Japanese. The Matching was performed by Reverend Sun Myung Moon that matching through Photos.
which has no proper leg support and all weight is supported in baby’s most sensitive place, and the use of narrow-based carrier that could eventually cause hip dysplasia among babies. Casiño also cited the misconceptions on babywearing saying that carrying a baby could not spoil him or her since birth to 1.5 years is where a child develops feelings of trust versus mistrust. Hence, if needs are met consistently, infants will develop secure attachment and will learn to trust the environment. The MNM also stressed that babywearing could not cause bow-leggedness since such condition is pathologic and could not be caused by physical strain.
"Though my spouse and I never meet before,we accepted each other with gratitude"Jocelyn explained.. The main purpose of the blessing is to promote peace and harmony and to build an ideal family. In 1994,Jocelyn started a family life in Japan. For decades that she was away from home,she was disconnected from her home place, and been thinking on how she could share the blessings that she had received from God and their True Parents."I came up with FREE 3 days Divine Principle Seminar in Cooperation with the Universal World Peace Federation(UPF). To culminate the aforementioned event, Jocelyn Maandig Mahinay Kikuchi was inviting everyone who finished the said 3 Days Divine Principle Workshop to participate also in her 25th SILVER WEDDING Anniversary at Villa Gracia Beach in Barangay Bonbon,Cagayan de Oro City on December 25 to 28,2017. Jocelyn was inviting all her relatives,friends and her Batchmates in
“Babies are naturally bowlegged because of the position in the womb,” Casiño said. As for the statement, “It is tiring for a child to be in a carrier all day,” Casiño shared that a mother’s chest is the best place for the child to be. Being in a carrier means that the baby has immediate reach to everything that he or she needs such as food, warmth, movement and touch. Different types of carriers and local sellers of such were also highlighted during the event through the IBW Library. The IBW is a week-long opportunity to celebrate, promote, advocate for and focus media attention on the many benefits of babywearing.
Bonbon and Kauswagan were she study in her Elementary Days.Jocelyn is a sister of Wilson Mahinay. The Seminar is absolutely FREE with LUNCH,Light Snacks and a lot of giveaways such as Mini-Refrigerator,set of plastic table chairs,clothes,basins,butane gas stove,hangers stock boxes,wireless boiling pot,hair dryer and a lot more."I just want to share
to you the Blessings that i had received from God and our true parents. FOR THOSE FIRST 100 COUPLES WHO WILL REGISTER CAN RECEIVE A SMALL FACE TOWEL. What can you get if you will attend? A technique on how to build an ideal family centered on God."During the 3 Day Workshop, I am asking everyone to
please don't smoke,don't drink alcoholic beverages and avoid rude words to respect all the attendees and to maintain the solemnity and peacefulness of the event"Jocelyn added. The event organizer has prepared 1,000 seats. For reservation: Please Contact through text only to 0927 547 4807.Children are not allowed during the 3 Day workshop!!
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OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY
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BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN
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PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.
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Disease... from page 4
cannot receive God’s gift of forgiveness. So for your own sake, won’t you ask Jesus to forgive and heal your heart today? Then, you can finally be free to forgive others and enjoy the healthy, happy new life Jesus wants to give you. Just Think a Minute…
Siege... from page 4
were mined and protected by barricades and barbed wire. Initially reluctant to bombard Manila’s landmarks, McArthur later agreed to pull all stops when allied casualties started to mount. The final assault by McArthur’s troops on the Jap a n e s e c o m m a n d e r ’s suspected headquarters was described in a military journal as follows: “On February 28, the regiment returned to the Agriculture Building with a three-hour artiller y preparation. Point-blank 1 5 5 m m h ow it z e r f i re s alternated with point-blank tank and tank-destroyer f ires….. Much of t he Agriculture Building thus pancaked on its own first floor, and the 5th Cavalry Regiment assaulted into what was left. ” Iwabuchi’s (the Japanese commander) remains were never recovered. The fighting flared for three more days as the Allied troops tried to retake the last Japanese stronghold – the Finance Building. On Day 29, US troops cleared the last of the Japanese defenders. Thus, the month-long Battle of Manila ended. In the process, one-tenth of the civilian population perished. Manila, the Pearl of the Orient, was left in total ruins. But the war was still far from over. Steven Seagal and President Rody What do visiting martial artist Steven Seagal and President Rody Duterte have in common? One, both are into fighting illegal drugs. Although in the case of Seagal, it is only via film. Two, the President claims he is also a martial arts enthusiast, having taken up karate in his younger days. Three, both are admirers of Russian President Vladimir Putin, whom they praised for
his strong leadership. Seagal has gone as far as vocally defending Russia’s policy on Ukraine. Recall that President Rody was in middle of a State Visit to Russia when the Marawi crisis started to unfold on May 23. This forced the President to cut short his Moscow trip. Seagal’s friendship with Putin arose from their shared love of martial arts. Seagal is a master of aikido while Putin is an active practitioner of judo. A video clip, which I recentlly enjoyed viewing, showed Seagal and Putin in a sparring session, to the delight of a small Russian audience. Last year, Putin made Comrade Steven Seagal a Russian citizen, an act which did not sit well with Ukraine which has since declared Seagal as a security risk. Following the example of Russia, Serbia also granted Seagal a Serbian citizenship, making Seagal, I believe, the one and only triple citizen in the world. Note: You may email us at totingbunye2000@gmail. com. You may also “like” us on Facebook at “Speaking Out”.
Insane...
from page 4 the corrupt and graft-prone simply because they are their patrons or are their partymates? These are the Filipinos who are truly out of their minds because their minds are confused and clouded by selfish interests. They commit acts that they know should not be done by any rightthinking Filipino. They are the ones truly insane, because while they know that God detests them because they are doing truly despicable acts, and that they would be thrown in hell with their children in the worms and fires of hell, they do them just the same. -ooo P OL I T IC IA N S A N D THOSE IN GOVERNMENT ARE THE ONES TRULY CRAZY: There are plenty of reasons why Filipinos, especially those who are in politics and in government, display this kind of insanity and madness. The first is that, they have set side, and no longer have any interest in subjecting themselves to
God, through His Word. These Filipinos no longer want, and avoid at all cost, listening to, and obeying, the Word of God. Their problem is that, because they no longer want to listen to, nor obey, the Word of God, He sends them various curses, including the curse of madness, blindness, confusion of mind, and insanity (D euteronomy 28:15, 28 of the Bible). Then, because they did not wish to recognize, thank, and even honor, God, He left them to their own wickedness, shameful desires, and madness (Romans 1:18-32). Then, too, God decided that these people would become deaf and blind, to disable them from understanding, in every way possible, the mysteries of the kingdom of heaven. God decreed that these people would become deaf and blind because He did not want to give them salvation, so that their descent to hell is assured (Matthew 13:10-17). These are truly hapless Filipinos, and truly mad and insane. What is more problematic for them is that, they know they are insane, yet they are unable to do anything. -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.
Jollibee... from page 7
c ap i t a l i z at i o n i s a b o u t $5.15 billion. It s e x p a n s i o n p l a n s focus on overseas locations with a concentration of Filipinos, such as Florida, C a l i for n i a , Haw ai i and Guam in the US. The chain op ened its f irst Florida store in Jacks onville in March, making it the 36th outlet in the US In 2015, Jollibee spent $100 million for its stake i n Smashbu rge r, w h i ch had 362 stores in the U S a s o f Ju n e 3 0 . T h e Philippines company has completed 12 deals valued at about $301 million
since 2010, according to data compiled by Blo omb erg. The company has considered about 20 potential acquisitions during the last two years. L o cal and international media have reported that Jollib ee is considering a bid for Pret A Manger Ltd. that values the UK-based sandwich maker at more than $1 billion. When asked about those reports during t h e O c t . 1 1 i n t e r v i e w, Tanmantiong would only say the company hasn’t made any bids in recent months. “We are pr i or it i z i ng the markets with bigger F i l ipi n o c om mu n it i e s ,” said Tanmantiong, who became president and chief executive officer in 2014. His older brother, To n y Ta n C a k t i o n g , founded the chain as an i c e c re am p ar l or i n Quezon City in 1975. J o l l i b e e ’s C h i n e s e operations include Jollib ee and Hard Ro ck Cafe outlets in Hong Kong and brands on the mainland that include Dunkin’ Donuts, noodle chain Yonghe King and congee outlet Hong Zhuang Yuan. “China is now one of the highest growth areas in our business,” he said. T h e c o mp a ny w a nt s half of its sales to come from overseas, with China and the US being key m a r k e t s , Ta n m a n t i o n g s a i d . Ye t t h o s e p l a n s may b e complic ate d by territorial disputes with China over islands in the S outh China S ea. In Europ e, the chain is targeting Filipino communities in the UK, Italy and Spain. Jollib ee will op en its f irst stores in Milan and London next year, with plans to push into Japan and Australia by 2020. The company also wants to take its Philippine chicken barbecue chain, called Mang Inasal, and its C hines e rest aurants global. “O u r a ssu mpt i on i s : the growth we’ve had in the last six years, we can d o u b l e ,” Ta n m a n t i o n g said. “ The opportunities are out there.”
FDI Post US$307 Million Net Inflows in July 2017 Foreign direct investments (FDI) posted US$307 million net inflows in July 2017, lower than the US$493 million net inflows recorded in the same month last year. This was mainly on account of the decline in investments in debt instruments to US$105 million from US$407 million, which outweighed the more than five-fold increase in net equity capital. The surge in net equity capital to US$131 million was due mainly to the increase in
equity capital placements to US$170 million, which more than compensated for the withdrawals of US$39 million. Equity capital infusions in July came mostly from Singapore, the United States, the Netherlands, Japan and Taiwan. These were invested mainly in manufacturing; real estate; wholesale and retail trade; financial and insurance; and electricity, gas, steam and air conditioning supply activities. Meanwhile, reinvestment of earnings
expanded by 11.5 percent to US$71 million during the month. As a result of these developments, FDI net inflows reached US$3.9 billion in the first seven months of 2017, 16.5 percent lower than the US$4.7 billion net inflows last year. Net equity capital registered lower inflows at US$272 million from US$1.5 billion last year. Equity capital placements during the period emanated mainly from Singapore, the United States, Japan,
Hong Kong and the Netherlands. These were infused largely in real estate; manufacturing; financial and insurance; electricity, gas, steam and air conditioning supply; and wholesale and retail trade activities. Investment in debt instruments increased by 13.9 percent to US$3.1 billion from US$2.8 billion last year. Reinvestment of earnings also expanded by 9.3 percent to US$487 million during the period.
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Beans...
Workers...
He said they are now finalizing the first initial shipment of cacao beans to France most likely next year after passing the firm’s quality standards. “They told us it’s good, acceptable to them. Their commitment to us is they are interested to start making chocolates out of Philippine beans,” he said. Valrhona is a “French premium chocolate manufac turer bas ed in the small town of Tainl’Hermitage in Hermitage, a wine-growing district near Lyon.” Aside from Valrhona, B anqu e r i go s ai d ot he r chocolate firms from Belgium and Switzerland have also signified interest to source out beans from Mindanao Banquerigo, also part of the secretariat of the Philippine National Cacao Industry Council, said they are pushing for the development of the cacao industry as a strategy to address poverty, spur rural development, and achieve inclusive growth since 90 percent of cacao farmers are small farm holdings that own 1 to 2 hectares. He said the country has 15,000 cacao farmers. As of 2016, the Philippine Statistics Authority recorded 6,262.77 metric tons (MT) of cacao produced in the Philippines that has an annual demand of 50,000MT. Of this volume, 5,073 MT was produced in the region – Davao del Sur (1,702.54MT), Davao City (1,606.80), Davao del Norte (945.31MT), Davao Oriental (507.26MT), and Compostela Valley (311.92MT). The Davao Chocolate Festival features 24 entrepreneurs that sell artisan chocolates and cacao-based cosmetic products. Mayor Sara Duterte, who graced the festival opening, vowed that she would continue supporting the cacao players in the city, donating at least P2 million to support the small farmers. “Our vision to support cacao farming, processing, research and development is our goal to provide opportunity to small entrepreneurs, farmers, and indigenous people to be major players in the cacao and chocolate industry; and the production of globally competitive quality chocolates all bring us together towards the aim of sustainable development,” she said.
Electrical Installation, and Maintenance and Shielded Metal Arc Welding. They all lead to National Certification (NC) II qua lif icat ions, according to Mamondiong. In the same ceremony, Association of Construction an d In for m a l Wor ke rs president Joel Ortiz said they are dismayed that many applicants in the construction sector in Region 10 do not have the necessary qualifcations. “Gikan sa steel man padulong sa laborer padulong sa mason, daghan kaayo interesado motrabaho pero pipila lang ang kwalipikado,” Ortiz said, adding that the quality of the construction workers’ performance must be at par with their counterparts abroad because this is what investors are looking into. Or t iz welcome d t he creation of the regional training center for construction, saying this would boost the construction sector in the region. The training center was established through the cooperation of the local government of Libertad led by Mayor Leonardo Uy, Tesda 10 led by then director Edgar Sales, current director Lorenzo Macapili and provincial director Leo Velez, Cagayan de Oro Bugo School of Arts and Trade (Cobsat) and the trainers belonging to the construction and metals and engineering sectors. An amount of P2 million was allotted by Misamis Oriental Rep. Juliette Uy for trainees in shielded metal arc welding and electrical installation and maintenance. The launching would declare the training center as a construction center that would ser ve the neighboring communities and municipalities in the province, Mamondiong said.
from page 1
from page 1
could be addressed: purchasing bulk water from an existing water treatment plant; outright purchase of an existing water treatment plant or constructing a new treatment plant, which in the case of Rio Verde took 3 years to complete. The only existing bulk water facility at present which can supply the increasing water needs of the COWD is the Rio Verde bulk water treatment plant in Baungon,
He said that Landbank accepts BIR payments overthe-counter and the volume payments from January to September this year has reached P43 billion. “These people are the ones who will benefit from this program because they don’t have to go to Landbank branches anymore just to pay their taxes,” he said. Buenaventura said tax payments made through this mode will be posted real time. Dulay hailed the benefit of this program in boosting BIR’s revenue collections, citing that the agency is ready to address any eventualities. “We encourage them (taxpayers who are Landbank account holders) to make use of this facility so they can avoid the penalties (for late payments),” he added. BIR colle c ts around 70 percent of government revenues. The agency has strengthened its revenue collection to ensure that government programs get the necessar y f unding, particularly those for infrastructure projects. (PNA)
Bleeding... from page 4
mistaken or identified to be so. F u r t h e r, i t i s n o t classifiable as EJK unless State or non-State agents t arge te d t he v i c t i m by reason of actual of perceived memb ership, advo c ac y, or profe ss i on ; and t he circumstances of the killing reveal a deliberate intent to kill. The D uter te administration says that there is no state policy to kill drug traffickers, criminals or dissenters.
Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended, filed by the 1st Valley Bank Inc., Baroy, Lanao del Norte against ELPIDIA DEMALUAN PALCONITE, Malingao, Tubod, Lanao del Norte to satisfy the indebtedness which as of September 11, 2017 amounting to ONE HUNDRED NINETY THOUSAND (Php 190,000.00) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on 20TH day of November, 2017 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Provincial Capitol of Lanao del Norte, Pigcarangan, Tubod, Lanao del Norte, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements. To wit: LIST OF MORTGAGED PROPERTIES A parcel of COCOLAND situated at MALINGAO, TUBOD, Lanao del Norte. Containing an area of Two Hundred Sixty Six (266) sqm. More or less including all the improvements found thereon more particularly described and bounded as follows: LOT NO. 3199-B-3 PSD-12-024723 Bounded on the NE., & SE., along lines 1-2-3 by Lot 3199-B-9; SW., & NW along lines 3-41 by Lot 3199-B-2 both of the Subdivision Plan Psd-12-024723.
NOTICE TO THE PUBLIC October 2, 2017
In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A. 10172), Notice is hereby served to the public that ROGER V. PANA has filed with this Office, a petition for change of first name from ‘’LUIS’ to ‘’ROGER’’ and correction of entry in sex from ‘’ ‘’ to ‘’ ‘’ or correction of entry in the date of birth from ‘’ ‘’ to ‘’ ‘’ in the certificate of live birth of LUIS VELEZ PANA at Initao, Misamis Oriental and whose parents are LIMSO U. PANA and ADELAIDA J. VELEZ. Any person adversely affected by said petition may file his written opposition with this Office not later than October 25, 2017.
BWM: October 9 & 16, 2017
from page 3
NOTICE OF EXTRA- JUDICIAL SALE EJF No.: 208-07-2017
from page 1
CFN-0004-2017
Revenue...
Private Partnerships . For Stage 1 covering the delivery of 60MLD to the West Service Area, the road map foresees putting COWD’s Calaan-an production deep wells on standby and its Balulang wells and booster pumping st at ion to b e operated intermittently. For Stage 2, 60 MLD will be delivered to the West Ser vice Area and 20ML to the East Service Area which will place some of COWD’s wells and booster pumps in Macasandig on intermittent operation, while bringing water to Upper Gusa and Upper Carmen, and all elevated subdivisions through the installation of additional transmission lines and starting service to Indahag through a subsystem. By Stage 3, 60 MLD will be delivered to the West Service Area and 40MLD to the East, further reducing ground water extraction by placing COWD production wells in Agusan and Tablon on standby and further reducing the operations of the Macasandig wells and booster station. “Some of the wells, yes, they may be used as standby/ back-up wells but not our booster pumping stations,” B eja noted. “ The y will continue to operate even with the joint venture.” The water supply situation in COWD Service Areas have been further ag g ravate d by ongoing repair works and upgrading b e i ng i mpl e m e nt e d by the water district under its Non-Revenue Water (NRW) reduction program and regular repairs and maintenance programs since some of COWD’s pipelines have aged since it has started serving public over 44 years ago.
Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF
Deal...
Republic of the Philippines Province of Misamis Oriental Municipality of Initao -oOo-
Bukidnon which can deliver up to 100,000 m3/day and has a design capacity of 150,000 m3/day. The termination of the BWSA indicates that the first option to purchase treated bulk water from an existing facility could be the quickest fix to the present crisis given the longterm nature of the outright purchase of an existing plant and construction of a new one. However, even that would be imperative upon the soonest signing of the Compromise Agreement by the two parties which remains pending until now. The P2.8-Bi l lion JV project of COWD with MWIC involves the construction of new water transmission lines and the rehabilitation of the Camaman-an Reservoir, and will also later involve the delivery of treated bulk water to service the requirements of COWD’s West Service Area, which still relies on deep wells for a portion of its water supply. To implement the project, the JV firm has the option of sourcing its treated bulk water either through the purchase of an existing facility, building a new one, or buying its supply from an existing facility. The subsequent transmission phase calls for the construction of t ransmission lines and rehab of the Camaman-an Reservoir, and supply of 40 MLD to eastern sector within 12 months. COWD currently serves a population of 700,000 residents with approximately 85,000 service connections. Road Map for Sustainability A 3-stage road map to ensure a sustainable water supply was presented by Joselito D. Velasco, senior manager, MPW Public-
(SGD.) ISAIAS A. JARALES Municipal Civil Registrar
All points referred to are indicated on the plan and are marked on the ground by ‘’PS’’ Cyl. Conc. Mons. 15 x 60 cms. The same is covered by the Transfer Certificate of Title No. T-26471 name Elpedia Palconite resided at Malingao, TUBOD Lanao del Norte. Declared for taxation purposes assessed at =P= 11,540.00 as evidence of tax declaration No. G-1301092 for the Province of Lanao del Norte. The same is in the actual possession and occupation of herein mortgagor.
All sealed bids must be submitted to the undersigned on the above stated time and date.
Tubod, Lanao del Norte, Philippines, this 10th day of October, 2017.
BWM: October 16, 23 & 30, 2017
For the Clerk of Court and Ex-Officio Sheriff (SGD.) CONRADO V. HINGCO, JR. Sheriff IV
The government is focused on an aggressive and relentless fight against criminality and illegal drugs, requiring that all police and military operations be conducted within the bounds of law, and recognizing the rights and dignity of the accused. The state report also cited the statement of Human Rights Commissioner Gwen Pimentel-Gana, who heads the task force on EJKs, that the alleged EJKs cannot be considered state-sponsored. The report further states that there is no evidence that the killings coinciding with the anti-drug campaign are state-sponsored. The alleged drug suspects do not appear to be members of cause-oriented groups or of the media, and do not have any particular affiliation or advocacy. T h e D e p a r t m e nt o f Justice, National Bureau of Investigation, Philippine National Police and Commission on Human Rights are currently conducting their own separate investigations on the reported deaths. No ble e ding he ar ts? Well, let’s see in the next e pis o d e of t he w ar on drugs, this time under the insufficiently manned PDEA. (ruffy44_ph2000@ yahoo.com) EXTRA-JUDICIAL SETTLEMENT WITH A DEED OD ABSOLUTE SALE OF A PARCEL OF LAND Notice is hereby given that intestate estate of the deceased FROILAN SABELLITA who died on JANUARY 12, 2012 at POBLACION, ALUBIJID, MISAMIS ORIENTAL; That the said deceased, at the time of their death, left a Parcel of Land situated in POBLACION, ALUBIJID, MISAMIS ORIENTAL; Covered by Tax Declaration No. 0817-0001-00903, Containing an area of FIFTY THREE (53) SQUARE METERS, more or less; the deceased FROILAN SABELLITA is the subject of EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND represented by his legal wife and registered name of Tax Declaration, ROSITA SABELLITA; is made and entered among EVELYN SABELLITA ASEQUIA (married), ROCHE SABELLITA QUIRING (married) and JOHNNY D. SABELLITA , all of legal age, Filipino citizens, with postal address at Poblacion, Alubijid, Misamis Oriental, hereinafter referred to as the HEIRS/SELLERS/VENDORS; VENUS D. AMPONG, likewise of legal age, Filipino citizen, single, with residence and postal address at Purok 2, Alubijid, Misamis Oriental, hereinafter referred to as the BUYER/VENDEE; That for and in consideration of the sum of THIRTY FIVE THOUSAND PESOS ONLY (Php 35,000) Philippine Currency, receipt of said amount is hereby acknowledge by the SELLER/ VENDOR after the amount is paid in hand by the BUYER/S or VENDEE/S the SELLER/S or VENDER/S hereby SELL, CEDE, TRANSFER and CONVEY the above-described properties, containing an area of FIFTY THREE (53) SQUARE METERS, more or less in favor of the BUYER/S or VENDEE/S his/ her heirs, assigns or successorsin-interest, free from any third-party claimant whomsoever and the same is non-tenanted. Under Notary Public of EMELITO J. MARQUINO; Doc. No. 328; Page No. 65; Book No. XIV; Series of 2017. BWM: October 9, 16 & 23, 2017
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Vivo’s V7+ Bokeh effect perfects 24MP clearer selfie front camera For the selfie-lover, using filters for photos to further enhance them is almost mandatory. One of the most popular of these filters to emerge in the recent years since the word selfie was coined and later practiced by hundreds of thousands who belong to the selfiecentric generation, is the bokeh effect. KZ TANDINGAN
Bokeh comes from the Japanese word boke which translates to “haze” or “blur”. Professional photographers define bokeh as the effect of a soft out of focus background that you get when you are shooting a subject, using the widest aperture of a camera lens. Bokeh, in a nutshell, is the aesthetic
quality of out of focus blur in photos. Smart phone manufacturers usually don’t produce cameras that have built in filters, prompting selfie-fanatics to download countless apps that carry a wide array of these effects. That‘s why the latest in Vivo’s top-of-the-line smart phones perfects the selfie game. The V7+, recently launched in the Philippines with Kathryn Bernardo, Daniel Padilla, and Julie Anne San Jose headlining the roster of the hottest celebrity endorsers, elevates the art of selfie even higher by integrating the bokeh effect into its 24MP selfiecentric camera—truly every selfie lover’s dream come true. Complementing the built in bokeh effect is V7+’s other thumbprint features that can make
anyone a pro at selfie taking. The 24MPclearer selfie, front facing camera— the world first— with LED flash and smart photography algorithms guarantees a clear-cut, crisp, and natural-looking photos. This newest offering from Vivo also boasts of a revolutionary 5.99 AllScreen Display with an 84.4% screen to body ratio, providing a more exciting and enhanced game and visual experience. V7+’s Special Face Beauty 7.0 feature brightens up photos and evens-out complexions so capturing a selfie-moment is not a problem even in dimly-lit environments. Mimicking DSLR cameras, the V7+’s Portrait Mode blurs out backgrounds to highlight sharper selfie features. The V7+ comes in
Julie Anne San Jose
Matte Black color and Crown Gold at only P17, 990 and is available at Lazada, Argomall, and all Vivo concept stores and kiosks. For inquiries, visit the Vivo website at www.
vivo.com/ph or check out the Vivo Facebook (https://www.facebook. com/VivoPhil), Instagram (https://www.instagram. com/vivophil/), and Twitter (https://twitter.com/vivo_ phil) accounts.