BusinessWeek Mindanao (Octobre 19-20, 2017)

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Outstanding Mindanao biz X leaders feted in Oro today Briefly B

Volume VIII, No. 58

www.businessweekmindanao.com

Thu-Fri | October 19-20, 2017

Market Indicators

As of 6:00 pm October 19, 2017 (THURSDAY)

FOREX

PHISIX

US$1 = P51.463

8,487.37

7.6

cents

X

55.64 points

Davao coco industry

DAVAO City -- A coconut industry player in Davao Region is embarking on new innovation to increase production and value-adding as coco by-products are in demand in the international market.

Benjamin R. Lao, president and chief executive officer of the Lao Integrated Farms, Inc., said there was huge demand in the international market for products derived from coconut such as coco sugar, syrup, virgin coconut oil, desiccated coconut, coco water, juice, and coco coir.

Lao said his company, for instance, ships 50 percent of the production of coco syrup, sugar and teriyake sauce to the United States while the other international markets were Australia, France, Canada and Japan. He said they could produce 2,500 liters of coco syrup and 1,000 kilos of coco sugar daily.

WB assistance SMOKE billows from destroyed buildings after government troops fired mortars at an Islamic State position in Marawi on the southern island of Mindanao on October 15, 2017. -- AFP THE World Bank has affirmed its commitment to help fund the rehabilitation of Marawi City during a meeting with a Philippine delegation in Washington DC last week, according to the Department of Finance.

“We can only express all of our sympathy for what has been going on in Marawi,” World Bank Chief Executive Officer Kristalina Georgiev said during the meeting.

“As an institution that has committed to peaceful development and dealing with conflict situations, we would be honored in helping in terms of [re]building and engaging in any possible way what we can do in this situation,” she added. cmyk

By MARK FRANCISCO, Staff Writer

USINESSWEEK MINDANAO, for the sixth time, is set to fete today twenty seven (27) outstanding business leaders and entrepreneurs in Mindanao that have immense contribution to the island’s development in a ceremony to be held at the Event Center of Ayala Centrio Mall, in Cagayan de Oro City.

M r. D a nt e Su d a r i a , publisher of Mindanao Daily News, said the recognition was done in partnership with BusinessWeek Mindanao and Veterans Bank to recognize deser ving businessmen, business ventures, and government agencies.

M r. S u d a r i a s a i d businessmen that made a significant contribution to the development of Mindanao leaders/PAGE 11

CDO tops Mindanao cities in revenue dependency

By MARK FRANCISCO, Staff Writer

CAGAYAN de Oro has topped other Mindanao cities in local revenue dependency for 2016.

According to a report released Wednesday by the Bureau of Local Government Finance (BLGF), Cagayan de Oro City sourced 51.39 percent of its revenue from local sources for that period.

Tagum City came next with 45.93 percent. Davao City, the largest locality in the island, came in third place at 41.93 percent.

The report also stated that Cagayan de Oro has consistently topped the list for the past three years after successfully snatching the spot from Tagum City in 2013, the year that Mayor Oscar Moreno took over as chief executive of the city.

Cagayan de Oro ranked only 16th nationwide though with the top 15 spots all dominated by Luzon and Visayas cities. Topping the NCR-exempted list was tops/PAGE 11

Diokno assures budget for Marawi City rehab BUDGET and Management Secretary Benjamin Diokno on We dnes day assure d Marawi City residents that the government has the funds for the area’s rehabilitation.

In a briefing, the budget chief said authorities had yet to determine the actual rehabilitation cost but said the DBM had an available PHP5 billion from the national risk reduction fund for this year.

“We will not be constrained by funding,” he said, adding that there are groups like the World Bank (WB) that had committed to help in the rehabilitation.

Diokno, who was in the US last week to attend the annual meetings of the WB and the International Monetary Fund (IMF) in Washington DC, said WB experts had discussed with the Philippine delegation ways on how to rehabilitate Marawi City, liberation of which was declared by President Rodrigo R. Duterte Tuesday.

He said among the options cited are the mechanics on the rehabilitation of Iraq, Iran and Afghanistan.

He pointed out that what the government really budget/PAGE 11

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Economy Andanar cites resiliency, unity, Experts mentor MSMEs on IPRs hope in visit to Marawi City

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thu-fri|october 19-20, 2017

BUTUAN City -Seventeen Small Enterprise Technology Upgrading Program (SETUP) clients went through a

mentorship training on the Introduction on Property Rights Protection for Micro, Small and Medium Enterprises (MSMEs) of

A Teacher GRETCHEN NOVA P. MANOOP, T-III

Early to rise late to sleep is her usual daily routine.

She thinks not just for her own welfare but also for the many. She makes herself beautiful not to attract attention but all the more for the kids looking at her laudable. She does not have the gift of art yet tries her best to create something from sheer, paper and pen to tickle the listeners view.

She is not a nurse or a doctor but has the ability to cure the lad when they are feeling bad. Neither an engineer not an accountant but knows how to measure, check and balance for the service of the school. Not a nutritionist but takes time to feed the hungry stomach with enough carbs.

Her strength is unchanging towards the individual she faced each day.

Her love is unconditional that no matter how unruly the lads are she has the heart to motivate them as long as she can. Her weights are not easy not because of her body but because she has the burden for the heads who look up to her every day.

She thinks like a robot and works like one too. She misses her sons or daughters gatherings and meetings just because she has oath to the country to follow which she

understands too.

Boots, raincoats, back pack painted with mud is the truest accessory her fashion most of the day.

Mountains, lakes, river, seas are her bridges going towards the lush where seed of knowledge is being sowed.

Her strength is like a sampaguita that has a season to bloom and has the season to wither. Her courage is like a narra tree that grows strong each day, her faith is like an eagle that soars high whenever storms hit her way, her perseverance is like a carabao that no matter how heavy the plow is still she goes into furrow, her sweetness is like a mango sometimes sour and sometimes sweet depending on how learners behave, her kindness is like bangus that brings good food for the hungry, her comfort is like nipa hut though its small still it caters every little window for the soul, her love is like the Philippine flag that shows bravery, purity and peace that makes individual life proud and successful, lastly she is like Jose P. Rizal the noblest hero in this generation.

She is called a TEACHER that started you and me to understand every detail of this universe that you can see.

the manufacturing sector in Agusan del Norte on October 4 at the Almont Inland Resort, this city.

Engineer Jeffrey T. Dellosa, manager of the Innovation and Technology Support Office (ITSO) of Caraga State University (CSU) and keynote speaker of the training, discussed the big 5Ws when seeking protection and the process of filing for patent and utility model applications.

He also showed the participants online resources that they can access should they need to check if a certain product name is already protected or not.

Dellosa emphasized that there are a lot of

protection that they can apply for just a single product. “It is not just about having exclusive rights, but it is also about income generation that we should seek protection for our products, processes and business names,” explained Dellosa.

Joining him as speakers are Engineer Jefrey M. Bagasbas who spoke about the fundamentals of patent and utility models, and Mr. Kenneth L. Ciudad who spoke about the fundamentals of intellectual property.

Bagasbas gave the participants a strong message and encouraged them to continue developing their products experts/PAGE 11

PRESIDENTIAL Communications Operations Office (PCOO) Secretary Martin Andanar cited messages of resiliency, unity and hope amidst war during his visit to Task Force Bangon Marawi (TFBM) operation center in Iligan City on October 13.

Andanar shared in an interview with the media that he came personally to get first hand updates on the recovery and rehabilitation efforts in Marawi City and emphasized the message of resiliency, unity and hope among Filipinos in this time of crisis.

During his visit, Department of National Defense (DND)

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Undersecretary and Chairman of TFBM Cesar Yano said that through the sub-committee on reconstruction, there had been site development on transitional shelters at barangay Sagongsongan in Marawi City. In fact, there was already an ongoing construction of initial 1,100 units of shelters by four groups in three months, which started on Sept. 8, 2017.

The local government of Marawi and Mindanao State University (MSU) also assisted in the identification of 14 hectares of land for temporary shelters and permanent housing.

There was also an ongoing inventory on internally displaced persons (IDPs) relocation preference and prioritization of IDPs for relocation with local government unit (LGU).

In terms of health and social welfare, there had been a total of 108,028 medical consultations in 54 municipalities such as Tamang Serbisyo para sa Kalusugan ng Pamilya (TsekAP) services by the Department of Health (DOH). Aside from that, 68,289 individuals already received psychosocial services in 38 municipalities; the government has also provided evacuation centers with potable water and construction/ installation of toilets, washing and bathing facilities. Further, 438,440 IDPs received andanar/PAGE 11

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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cmyk

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Opinion

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What do we call it?

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Good Family Man think a minute

jhan tiafau hurst Think a minute…Ever hear someone say, “He’s a good family man.”? But what really is a good family man? Do you ever stop and think, Dad, what your job at home actually is? A family man must do many things, of course; but let’s talk about 3 important responsibilities of a good husband and father.

First, he serves as the main family provider. No one even questioned fifty years ago that it’s a man’s primary responsibility to financially take care of his family and pay their bills. So even though many wives and mothers need to work outside the home, a man should never become lazy and expect his wife to do his job and responsibility of making sure the family’s financial needs are met.

A s econd imp or tant responsibility of a family

man is to serve as their leader. It’s often said that “two captains sink the ship,” or “two cooks spoil the broth.”

Dad needs to be wise and responsible enough to make the important decisions for the family, after talking with his wife and children and carefully considering their needs and feelings. Sadly, many men like to be the boss, but they’re selfish and unkind to their own family because their decisions often are just for their own pleasure and preferences rather than serving the needs of their wife and children. They just like to use their authority to rule like a king instead of being responsible as a loving husband and father.

And finally, a father’s job is to teach his children right living both with his lips and his life, both with his words and his example. A father is responsible to prepare his children to be mature human beings as God planned them to be. A father should equip his children to become happy, successful adults with Godly character. This means he must be their example of a good, Godly man who deeply loves God and cares about others.

He needs to show love and respect for their mother, so family/PAGE 11

Ruffy magbanua CLIMATE change or global warming? An environment study says both are true and correct, yet they mean different things.

Global warming is one type of climate change. It covers changes b e yond warmer temperatures, such as shifting rainfall patterns.

Both terms are basically being used by Scientists for decades already though they have stopped referring to global warming and started calling it climate change

because “the weather has been so cold” in winter. The claim is entirely false.

Early this year, our planet had warmed by roughly two degrees Fahrenheit (more than 1 degree Celsius). It started in 1880, when records began at a global scale.

The number may sound low. But this is actually high because much of the world’s land ice has started to melt and the oceans are rising at an accelerating pace.

Scientists further say that if greenhouse gas emissions continue unchecked, global warming could ultimately e xc e e d e i g ht d e g re e s Fahrenheit. This would undermine the planet’s capacity to support a large human population.

What is a greenhouse effect? The greenhouse effect is one of the main factors determining the temperature of a planet.

It’s the phenomenon by

which certain gases – socalled greenhouse gases – in the atmosphere trap heat that would otherwise escape to space, thereby keeping the planet warm.

Further, the greenhouse effect is not a man-made phenomenon. The Earth’s atmosphere has always contained greenhouse gases, such as CO2, and they have always caused warming.

If there was no greenhouse effect, the planet would be uninhabitably cold – more than 30C colder than the hospitable current average of 15C. And how does it cause global warming? In the 19th century, scientists discovered that certain gases in the air trap and slow down heat that would otherwise escape to space.

Carbon dioxide is a major player; without any of it in the air, the Earth would be a frozen wasteland.

The first prediction that the planet would warm as humans released more of the gas was made in 1896.

The gas has increased 43 percent above the preindustrial level so far, and the Earth has warmed by roughly the amount that scientists predicted it would.

How do we know humans are responsible for the increase in carbon dioxide? Hard evidence, including studies that use radioactivity to distinguish industrial emissions from natural emissions, shows that the extra gas is coming from human activity.

Carbon dioxide levels rose and fell naturally in the long-ago past, but those changes took thousands of years. Geologists say that humans are now pumping the gas into the air much faster than nature has ever done. hotline/PAGE 11

One Righteous Vote Kakampi mo ang batas

Batas Mauricio LIFE’S INSPIRATIONS: “…

Surely the righteous will never be shaken; they will be remembered forever. They will have no fear of bad news; their hearts are steadfast, trusting in the LORD. Their hearts are secure, they will have no fear; in the end they will look in triumph on their foes…” (Psalm 112:6-8, the Holy Bible).

-ooo “ON E R IG H T E OUS VOTE”: Thank God in the Name of Jesus because a blessed Thursday was what I experienced last October 17, 2017. That Thursday was truly blessed, as far as I was concerned, because it was permitted by Jesus our God and Savior to be a first in the Philippines. On that day, a group of Christian believers came together and launched a movement for a righteous vote in the coming elections in the country.

In the meeting that was held at an obscure corner of a branch in West Avenue, Quezon City of a big fastfood chain in the Philippines, the believers who came agreed, right then and there, to put up an organization they christened “One Righteous

Vote” (pictures of the meeting can be accessed at www. facebook.com/attybatas).

“One Righteous Vote” envisions the gathering of all Filipinos who still desire to exercise righteousness in voting, without regard for any consideration other than the righteousness of the candidates likewise. The objective is to help safeguard the sanctity of the one vote granted to Filipino voters by the Constitution and the laws, so candidates who are truly deserving can get elected, even if they may not have any money, or are not popular in any way.

-ooo RIGHTEOUS VOTERS K E Y TO R IGH T E OUS LEADERS: “One Righteous Vote” recognizes that at present, there is a compelling

need in our countr y for righteous voters and righteous candidates to prevail in any election in the future. There is much at stake for everyone over a righteous official in a righteous government.

The group believes that if a voter is righteous, he or she will not sell the one single vote guaranteed to him or her by the laws, especially for a mere pittance. Instead, the righteous voter will ensure that he will elect only the r ig hteous c a nd id ate. If the righteous are the ones voted into office, the nation is assu red of r ig hteous leadership---one that does not lie, does not cheat, does not steal at any time.

Our experience here in the Philippines for quite a long time now has shown vote/PAGE 9

Continuity in an age of discontinuity hints and traces

roy cimagala This is a big challenge today.

How can we have a sense of continuity in an age that is so clearly galloping with new developments, creating new categories, structures and meanings that we can say that we are entering a phase of disruption and discontinuity?

In fac t, it is now a given that we are today in times that are significantly different from the previous

generations. It seems that we are having a kind of quantum leap, an abrupt and extreme change in things in general.

We have to learn how to cop e wit h t his ne w phenomenon. And the most important and indispensable thing to do is to ground ourselves more firmly on God. He is the foundation of all reality, of things that are absolute and permanent and also of things that are continually changing either gradually or abruptly.

Without him, there is no other way but to get confused and lost, carried away by “all kinds of strange teachings,” as the Letter to the Hebrews would put it. (13,9) St. Paul went further by suggesting that we “put on the full armor of God, so that you can take your stand against the devil’s schemes.” (Eph 6,11)

It’s true that we have to do everything humanly possible to be able to cope with the new developments.

We cannot overemphasize this need. That is why we have to be very open-minded, flexible and adventurous, creative and innovative.

This may mean in concrete terms that we should do a lot of reading and studying, observing and experimenting. We have to have a sportive attitude so that we can manage to move on even if we encounter many setbacks along the way.

We can precisely use the new technologies to expand and deepen our knowledge of things. There are now many journals and other sources where we can get a good understanding of how these new things are working and achieving.

It’s good that we organize our day very well so that we can optimize the use of our time and other resources that are always limited in the face of seemingly limitless possibilities.

We need to motivate ourselves constantly, putting ourselves always in good condition to face the growing challenges and opportunities.

We need to flow with the times and help others to do the same. Our attitude should be that no one should be left behind.

But all this should be rooted on the firm foundation of our vital union with God. We have to pray and pray hard. We have to plumb deep into the word of God which as the Letter to the Hebrews would put it is “alive and active, sharper continuity/PAGE 11

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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thu-fri|october 19-20, 2017

Dominguez lauds order establishing OFW Bank

F

INANCE Secretary Carlos Dominguez III on Monday hailed the signing of an Executive Order (EO) for the establishment of a bank specifically for Overseas Filipino Workers (OFWs).

This after Malacanang made public on Monday EO 44, signed last Sept. 28, directing

the Philippine Postal Corporation (PhilPost) and the Bureau of the Treasury (BTr) to transfer their Postalbank shares to the Land Bank of the Philippines (Landbank) at zero value.

Dominguez, in a Viber message to reporters, said the Finance department “moved quickly to help deliver on the President’s

campaign promise to create a financial institution totally dedicated to catering to the needs of all overseas Filipinos.

“This financial institution will be a subsidiary of Landbank, the govenrment-owned and -controlled bank with the most extensive branch network that will

cater to the needs of the families of foreign-based Filipinos,” he added.

Establishment of an OFW-focused bank was first broached by the Department of Finance as part of the Duterte government’s way to help alleviate lives of the more than nine million OFWs and their families.

Under the EO,

Landbank was ordered to ensure the capitalization of Overseas Filipino Bank, which will be headed Landbank’s chairperson.

Postalbank offcials who will be affected by this transfer will be offered an early retirement incentive plan.

Dominguez earlier said Landbank, after due

diligence, has placed the Postalbank’s valuation at negative PHP580 million.

Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. earlier said there is no need for a Congressional approval for this transfer since it does not involve any changes in Landbank’s Charter.

(PNA)

OTHER Association of Southeast Asian Nations (ASEAN) members can adopt the Philippine support system for its migrant workers, the World Bank (WB) said, as it called on easing restrictions on labor migration to boost workers’ welfare and accelerate regional economic integration.

“The highly-developed support system for

migrant labor in the Philippines can serve as a model for other countries, however, the country should continue its focus on improving reintegration of returning migrants,” said a WB report, titled Migrating to Opportunity, released on Monday.

It cited the Philippines as good example of migration systems with “clearly

defined institutional responsibilities”.

The report said several migrant-focused agencies are housed mostly within the Department of Labor and Employment (DOLE).

Their roles and responsibilities are well defined, with the Philippine Overseas Employment Agency responsible mainly for managing migration and the Overseas Workers

Welfare Administration responsible mainly for protecting migrants.

To build on this status, the WB said the Philippines should continue to evaluate and improve its migration management system, including oversight of recruitment agencies, programs for returned migrants, and data sharing and interoperability. support/PAGE 9

THE country’s total trade surged significantly in August 2017 on the back of sustained growth in exports and imports, the Philippine Statistics Authority (PSA) said Tuesday.

PSA, an attached agency of the National Economic and Development Authority (NEDA), said total trade grew by 10 percent during the month, a significant

jump from June’s 1.5 percent and July’s 2.5-percent growth.

Exports recorded its ninth consecutive month of positive growth at 9.3 percent, but imports outpaced its growth surging by 10.5 percent.

This resulted to a deficit in the country’s balance of trade in goods amounting to $2.41 billion in August 2017. surges/PAGE 9

WB: PH can serve as model for PH trade surges migrant workers’ support system 10% in August

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thu-fri|october 19-20, 2017

Italpinas Gears Up for Miramonti Project

C

agayan de Oro city’s first green builder, Italpinas Development Corporation is starting to expand with Miramonti, its first ever project in Luzon, located in Sto. Tomas, Batangas.

IDC brings to Batangas its awardwinning and globallycertified experience in developments that are responsive both to the local climate and to the call of the environment.

IDC is now preparing to launch the first phase of the project with an estimated budget of P780 million and project revenues of P1.4 billion.

“We already have secured permits and other documents. We are now awaiting only the Licence to Sell (LTS) before launching the Miramonti project,“ said Romolo Nati, Chairman and CEO of IDC. “We chose Batangas because the place is

booming. It is one of the most progressive provinces in the country. The strategic location of Sto. Tomas is one thing also that attracted us. It is near to industrial parks and it has an amazing view in 360 degrees,” Nati added.

Miramonti is IDC’s third project after Primavera Residences and Primavera City in Uptown Cagayan de Oro. “Miramonti is the biggest project we have so far at IDC. We are looking

forward to serving Luzon for the first time. We have met with the brokers and they are excited as well to market the project,“ said Jojo Leviste, President of IDC. “Many people are looking for a place to live outside but near to Metro Manila. Sto Tomas and Miramonti are placed right at the hub of these expressways connecting to the Metro area. Accessibility is one of the project’s defining

characteristics, “ said Leviste.

The Miramonti project will consist of three towers and will be developed in two phases. The first phase, which comprises one tower sitting atop of a podium structure, will sit over a 2,057 sqm. land area. It will offer 352 residential, 14 commercial, and 88 parking units, combined with firstclass amenities, such as fitness center, swimming pool, playground, among

others. At the same time, according to Nati, the company has its own property management partner, Damiani Property Management and Services, Inc. to help its clients acquire passive income through rentals of the property.

Miramonti will harness green strategies and will reflect IDC’s authentic Italian design. IDC, in less than a decade of experience, has been italpinas/PAGE 9

MASSA Foundation celebrates 3 Story by MARK FRANCISCO, Photo Supplied

CAGAYAN DE ORO CITY – The Marian Foundation Assistance for Social Achievement (MASSA) celebrated its third anniversary last October 8 with a fun run for a cause and an outreach at Puregold, this city.

MASSA founding president Rolando Delfin said the celebration coincided with the feast of the group’s patron saint Our Lady of Good Remedy.

A devout Marian, Delfin said he named his foundation after the mother of Jesus, saying he was moved on how Mary is being adored during his visit to Turkey a few years back.

MASSA is a community centered in helping the less fortunate people. Its mission is to bring people together closer to God by feeding, equipping, nourishing and developing individuals. MASSA tends to the less fortunate people by conducting feeding programs,

spiritual seminars and livelihood programs.

MASSA’s feeding programs result to a very significant improvement in an undernourished child’s weight, health and overall well being, according to Delfin.

The group just wound up its three-month feeding program in Taglimao Central School and Taglimao National High School, benefiting 475 students.

Delfin is proud to say that MASSA produces its own menu and its own cook. The viand consists of fried rice, arroz caldo, rice toppings, vegetables and benignit – spread throughout the five-day school week.

For its next feeding, MASSA

will take care of 152 first to sixth graders at Batinay Elementary School in barangay Tagpangi.

The group was able to generate P168,000 during the fun run which had 5k, 3k and 1k categories. Proceeds of the event go to Calabrian Foundation and other projects of MASSA. There was also free haircut, free massage and free cosmetics courtesy of HBC during the event.

UPTOWN SHOPPING REWARDS AT SM Take your entertainment experience at home to a different level as #UptownShoppingRewards will be giving out 3 Brand New Samsung 55” Curve TV in the mallwide raffle!

Redemption of tickets at the booth in front of Kamiseta is ongoing until November 19, 2017.

For a minimum single or accumulated purchase receipts of P 1,500.00 made within the promo period from any establishment at SM City Cagayan de Oro entitles a shopper to one (1) raffle entry.

What are you waiting for, Uptown Fam? Shop now at SM City Cagayan de Oro!

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thu-fri|october 19-20, 2017

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Banking&Finance

TDF auction PSBank posts mix results THE bid coverage ratio of the Bangko Sentral ng Pilipinas’ (BSP) Term Deposit Facility (TDF) moved toward separate directions Wednesday after the undersubscription in the 28-day facility.

Data released by the central bank showed that the bid coverage ratio of the seven-day facility rose to 1.0973 from 1.6019 during the auction last week.

However, its weighted

average accepted yield fell to 3.3402 percent from last week’s 3.3554 percent.

This after bids reached P43.893 billion, higher than the P40 billion offering but lower than the previous week’s P64.076 billion tenders.

The bid coverage ratio of the longer-dated facility declined to 0.8756 from 1.0288 last week.

The facility’s weighted average accepted yield, auction/PAGE 9

seen growing core interest income

P

HILIPPINE Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, is seen to enjoy continued growth in its core interest income due to the expansion of its loan portfolio.

In a statement, Philippine Rating Services Corporation (PhilRatings) also cited PSBank’s solid market position,

underpinned by its welldefined growth strategy amid the favorable outlook for domestic consumer credit.

PSBank’s funding profile is also expected to continue to improve, supported by increased levels of current and savings deposits.

Because of these positive factors, PSBank received the highest issuer

rating of PRS Aaa (corp.)

PhilRatings.

An issuer rating is an opinion on the general and overall creditworthiness of the issuer, evaluating its ability to meet all its financial obligations within a time horizon of one year.

The focus is on financial strength and stability under normal and stressed conditions to

be able to meet existing and prospective financial obligations.

A company rated PRS Aaa (corp.) has a very strong capacity to meet its financial commitments relative to that of other Philippine corporates.

PSBank is considered a significant player in the domestic consumer market, with bulk of its psbank/PAGE 9

T-bond rate down Wednesday RATE of the Philippines’ seven-year Treasury bond (T-bond) fell to 4.39 percent Wednesday on higher demand for the debt paper.

Its rate during the auction last Aug. 8 was 4.510 percent while secondary market rate for the same tenor Wednesday morning stood at 4.6157 percent.

The Bureau of the Treasury (BTr) offered the bond for P15 billion rate/PAGE 9

Total of 32 students of Information and Communication Technology-Based Community Training Program of the City Social Welfare and Development (CSWD)- Sharing Computer Acess Locally & Abroad SCALA Project- Engineers Without Borders (EWB) of Canada completed the nine months training of Ozamiz City Youth Information & Communication Technology Training Center. (Shaine Mae R. Nagtalon/PIA MisOcc)

8

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thu-fri|october 19-20, 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 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

NSCA - CDO Committee joins FILFEST USA 2017

By Cheryl P. McGarrigle

T

he Cagayan de Oro City Committee of the Norfolk Sister City Association actively participated in FILFEST USA 2017, the annual celebration of Filipino-American Culture in Hampton Roads, Virginia, as one of its major sponsors.

Hosted by the City of Norfolk, the event held last 14-15 October and kicked off a public event at MacArthur Memorial featuring the special recognition of our Filipino Word War II Veterans.

Major General Antonio M. Taguba, Chairman of the Filipino Veterans Recognition and Education Project, spoke about the national campaign of the Congressional Gold Medal (CGM) award to be given of Filipino Word War II Veterans. Gen. Taguba also spoke on the fundraising campaign to provide funds to mint a single gold medal. For more info on how to avail of the gold medal here www.filvetsrecognition. org.

The event was held 9am to 9pm with the grand finale crowning Ms. FilFest 2017 graced byh Megan Young, Miss World 2013, sponsored by PAL. The NSCA-CDO booth was decorated with all the 11 sister cities. Harry Acuna was in charge of making the big banner with City seal emblem of two cities, Norfolk and Cagayan de Oro. He also made mini poster about CDO tourism.

CDO committee members handed out flyers about CDO, promoting

and recruiting new members.

“Our booth featured fun events like applying the Norfolk mermaid fake tattoo for children and adults. US/Philippine flag pins were available for cash donations on the table as well.”

“Raylene and I dressed up with our Higaonon outfits to add fun and

color to our booth and promote CDO. The CDO CommitteeNSCA booth also featured a General MacArthur visual trifold pictures presentation to engage and invite people to join our MacArthur Museum project in CDO. We also an all day a powerpoint compiled by Harry Acuna that featured

our MacArthur Memorial Markers, history and the making, NSCA-CDO accomplishment, Adult Exchange 2016, the 75th Diamond Jubilee of the MacArthur Breakout re-enactment in CDO and Manolo Fortich, Bukidnon; the Golden lady mermaid and other relevant pictures.

FILFEST/PAGE 9

StreetBy – your total shopping app

By MARK FRANCISCO

Hi Cagayanons! StreetBy – your total shopping app – is now increasing its local merchant partners for your total shopping satisfaction.

With features specifically tailored to meet every traveler’s needs, StreetBy provides easy access for making hotel and dining reservations, booking tickets/vouchers for various activities and popular destinations, map view to be able to locate a certain place and a whole lot more.

StreetBy isn’t just for travellers though. It also provides features for people who live in the area. It provides information on nearby places, make transactions for pickup or delivery and

paying ahead of time to save time and if you’re always on the go.

Skip having to search thousands of results for a certain establishment’s contact information.

StreetBy offers an instant call feature to be able to connect customers and establishments immediately. Plan your upcoming trip by browsing through thousands of local hotels and activities in StreetBy. Take your pick for a hassle-free planning.

StreetBy provides listings for businesses that offer a variety of services that helps locals in their dayto-day life.

Browse and discover your newest favourite eats and treats. Order through the app and save on great

foods. Skip the line when you shop for the best OOTDs. Do it beautifully at the convenience of your home. Discover popular

local events near you.

StreetBy can be downloaded through Google Play and the AppStore.

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thursday|october 19, 2017

Vote... from page 4

us that unrighteous voters have always lorded it over in every election. These are the voters who sell their votes to the highest bidders, or the candidate that had been willing to pay a price higher than what his opponents have been offering. Under this system, the corrupt always found a way to win, and it is a certainty that their terms would be marked by more stealing.

-ooo R I G H T E O U S LEADERSHIP, ONE THAT FEARS AND LOVES GOD, IS NEEDED IN RP: But there is one big question here: are there still Filipinos who are righteous in voting? Are there still Filipinos who do not sell their votes, one way or the other? From the point of view of “One Righteous Vote”, there are still many of them.

All that is needed here is for them to be “pushed” just a little by their fellow righteous voters, to encourage them to continue upholding the sanctity of their votes at all times.

This is the very reason why “One Righteous Vote” was born---to provide directions for whoever remains to be a righteous voter and, of course, continue being a righteous person in their day-to-day lives, in the four corners of the archipelago.

These people must be made to understand that they must join in the fight to bring back a righteous system in government, a system that recognizes the sovereignty of God. To t h o s e w h o a r e interested to join, or to ask further questions, about “One Righteous Vote”, they can interact with former Bulacan Rep. and now El Shadai spokesman Willie Buyson Villarama (0917 529 4559, and willievillarama@yahoo.com), or with Pastor Jojo Gonzales of the Capitol Christian Leadership of Quezon City, Guagua, Pampanga Bishop Juan Pring, and with me, at the numbers and email indicated below.

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

Support... from page 5

Meanwhile, the WB report also underscored the need to relax migration procedures across ASEAN region, as migration is expected to increase with the regional economic integration.

The ASEAN Economic Community, which was launched in 2015, aims to promote the free mobility of professionals and skilled workers within the region.

The report said barriers

such as costly and lengthy re c r u it me nt pro c e ss e s , restrictive quotas on the number of foreign workers a l l ow e d i n a c o u nt r y, an d r i g i d e mpl oy m e nt policies constrain workers’ employment options and impact their welfare.

“No matter where workers wish to migrate in ASEAN, they face mobility costs several times the annual average wage. Improvements in the migration process can ease these costs on prospective migrants, and help countries respond better to their labor market needs,”said WB Economist for the Social Protection and Jobs Global Practice Mauro Testaverde, the lead author of the report.

The report noted the impact of labor mobility on the region’s economies can be significant, as migration could provide individuals from lower-income countries with the opportunity to increase their incomes.

About US$62 billion in remittances were sent to ASEAN countries in 2015. Remittances account for 10 percent of gross domestic product (GDP) in the Philippines, 7 percent in Vietnam, 5 percent in Myanmar, and 3 percent in Cambodia.

Testaverde further said better policies can lower the barriers to labor mobility, noting some of these include improving the governance of the migration system, reforming domestic policies, and balancing protection and economic development in the migration process. (PNA)

Surges... from page 5

The PSA said export growth was mainly boosted by shipments to Association of Southeast Asian Nations (ASEAN) member countries and the European Union (EU).

NEDA Officer-in-Charge (OIC) and Undersecretary R o l a n d o Tu n g p a l a n underscored the need of implementing tradeenhancing projects to boost productivity.

Tu n g p a l a n c i t e d a s examples the Philippine C u s t o m s a n d Tr a d e Facilitation Project, and TradeNet, an online trading platform.

He said the World Bankfinanced modernization plan for the Bureau of Customs (BOC) can boost the bureau’s efficiency, transparency and revenue collection through an updating of systems, procedures, and operational activities related to processing and clearance of imported and exported goods.

Tr a d e Ne t , w h i c h i s targeted to be operational

by December, will enable faster electronic cross-border exchange of documents among ASEAN member states, he added. (PNA)

Italpinas... from page 6

recognized in the national and global arena in the field of architecture and design.

It won two International

Property Awards for Best Mixed-use Development in the Philippines and garnered the distinction of being the First Completed Condominium Project in East Asia to be given an EDGE (Excellence in Design For Greater Efficiencies) Certificate, by IFC World Bank. Right now, IDC is c u r re nt ly apply i ng for EDGE certification for the Miramonti project.

Aside from Miramonti in Batangas, IDC is also eyeing other emerging cities such as Dumaguete, Davao, Mindoro, Pangasinan and Subic/Bataan as locations for its future projects.

PSBank... from page 7

loans portfolio represented by consumer loans.

The bank believes that its auto loan portfolio, which had the largest share of the bank’s consumer loans as of end2016, still has ample room for growth, taking into account the bank’s current share of the auto loans market.

PSBank’s solid market position is expected to receive strong support from its welldefined strategy; in particular, the bank’s continued focus on customer experience and digitalization of products, channels and processes.

While PSBank continues to target the retail deposit and c onsu me r l e nd i ng needs of the upper- and middle-markets, the bank’s recent product and service offerings to these markets, however, have become more technology-based.

This strategy is expected to bolster the bank’s competitive position by satisfying clients’ increasing demand for more control and speed, while also integrating efficiencies in its operations.

PSBank is likewise looking to serve the SME market to a greater degree, over the long term.

Auction... from page 7

meanwhile, slightly improved to 3.4927 percent from weekago’s 3.4925 percent.

Tenders amounted to P87.562 billion, lower than the PP100 billion offering and last week’s P102.88 billion bids. (PNA)

filfest...

from page 8

The CDO booth in general was well visited and most colorful decorative booth.

The CDO committee would like to thank our partner in Cagayan de Oro especially Mike Baños. We also wish to thank the staff who helped Harry Acuña. Please also extend our thanks to the Cagayan de Oro Historical and Cultural Commision (HISCOM), City of CDO, Office of City Mayor Oscar Moreno for supporting CDO events in Norfolk, VA The NSCA-CD O Committee 2017 includes Cheryl McGarrigle, Chair; Dr. Juanny Montero, Joseph Juaneza Solinap, Raylene Ann Baumgart, Harry Acuña, Christine Acuña, Nora Dorsey, Araceli Suzara,Dory Morrison, and Guia Caligawan.

Rate... from page 7

but banks offered P29.023 billion worth of bids, which National Treasurer Rosalia de Leon said was an indication of the high liquidity situation in the domestic economy.

She partly attributed the high demand for the paper to market players’ preference for the seven-year securities instead of the shorter tenor offered by the Bangko Sentral ng Pilipinas (BSP) through the auction of its seven-day and 28-day Term Deposit Facility (TDF) Wednesday.

“I think there’s also a preference to look for yields so they went into the seven years, moving out of the shorter tenor brackets of the 28-day. It shows the very liquid tone of the market,” she told journalists after the T-bond auction.

The BSP’s 28-day TDF registered undersubsription this week when the P100 billion offering was met by only P87.562 billion tenders.

De Leon also said market players took on a wait-andsee stance ahead of central bank’s policy rate setting meet on Nov. 9, 2017.

“We’re very pleased with the result of the auction,” she said.

Meanwhile, De Leon said requirements for the issuance of the Marawi bond, which Budget and Management Secretary Benjamin Diokno said would probably be issued in January 2018, were being finalized.

Tenors being considered were between five and seven years, she said.

Issuance amount was still being determined pending the assessments on the cost of rehabilitation, De Leon said.

“In the meantime, we’re working on the Agri-Agra eligibility of the bonds so that will trigger stronger demand for the bonds given that it would be a substitute for compliance,” she said.

Banks are required under Republic Act (RA) 10,000, otherwise known as An Act Providing for an Agriculture and Agrarian Reform Credit and Financing System Through Banking Institutions, to allocate 10 percent of their funds for agrarian reform credit (Agra) and 15 percent for other agricultural credit (Agri).

(PNA)

10

cmyk

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thursday|october 19, 2017

11

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thu-fri|october 19-20, 2017

Leaders... from page 1

Island in the past years will be properly recognized at 2 p.m. today through the 6th Mindanao Business Leaders and Entrepreneurs (MBLEA).

He said the Mindanao Business Leaders and Ent repre neurs Aw ards , which was conceptualized six years ago by Mr. Mediante, who is also the incumbent v i c e pre s i d e nt of t he Philippine Press Institute, is BusinessWeek Mindanao’s top CSR program which we had dedicated towards trumpeting the vibrancy of the island’s business climate and economic development.

He said the Sixth Mindanao Business Leaders and Entrepreneurs Awards was made possible through Globe, Centrio, Eastwest Bank, Ayala Corp. , Jetti Petroleum, AC E ne rg y, Pr i m ave r a Residences, Seda Hotel, PICMW, Phinma Education COC, CardMasters, and Skills Mastery Ic. (SMI).

Mindanao Daily News Editor in Chief and Awards Director Mr. Allan Mediante said that this year’s nominees for real estate housing development are Milares Estate Corporation, Homechoice Planners & Construction Corporation and Hemeni Land Corporation.

Mr. Mediante said the awardees for the Mega Entreprenuers are Ms. Betty Lu & Mr. Peter Lim Lo Suy of Toyota Cagayan de Oro, Lorenzo Y. Rubinos Sr. of LYR Marketing and Furniture Center (Tagum City) and Gaisano family of Cagayan de Oro; For business leaders in hotel industry, he said the awardees are Limketkai Luxe Hotel, Park Inn by Radisson and Hotel de Susana and Resort; For outstanding resort and entertainment industry, he said the awardees are El Salvador Beach Front Resort and Restaurant; Sophie Red Hotel and Onshore Restaurant and Camp Holiday Resort & Recreation Park, and; For business leaders in agro industry: TADECO, Crystal Sugar Company Inc. and Philippine Ostrich and Crocodile Farm Inc.; For social entrepreneurs: Green Pastures Corporation, Brigada Group of Companies and Ms. Jing Natividad of Aromacology Sensei; For outstanding micro entrepreneurs: Malunggay Pastel Bread, Cheding’s Pe anut Inc. and Missy Bonbon; For food manufacturing: Ching Food Products, Lola Abon’s Durian Candy Factor and Gildelicious Baker by Taylor Food Products.

Mediante said the judging was held last October 14 in Cagayan de Oro City.

The panel of judges includes Rotary Club of CDO president Antonio Fernandez, NMR-1 Fraternal Order of Eagles governor Anjun Gomez, Royal Vectors Eagles Club president Dr. Ferdinand Miranda, Oro Chamber

vice president Irene Floro, BusinessWeek Mindanao Corp. vice president Allan Me d i a n t e , R C B C v i c e president Peter Anthony Roa, Oro Chamber executive director Chris Ivan Lagapa, Soroptimist International correspondence secretary Maelyn Brioso Roa and Cagayan de Oro Press Club director Ruffy Magbanua.

The results were tabulated

by Yahshua International.

He said the guests of honor at the event who will also give their respective inspirational speeches are Communications Secretary Martin Andanar and Phividec administ rator Fran k lin Quijano.

The 6th Mindanao Business Leaders and E nt r e p r e n e u r s Aw a r d s sponsors includes Cepalco, Minergy, Ororama, Yahshua International, , Oro Chamber, TESDA, Del Monte, Nature’s Spring, Coca-Cola FEMSA, Pizzarella, Bread Talk, , and Renzeez Events, Media partners were Mindanao Daily, Parasat HD, Cagayan de Oro Times and Mellow Touch 95.7 FM.

Tops... from page 1

Laguna’s Sta. Rosa City with 68.8 percent revenue sourced locally.

At the municipal level, Vi l l anue va in Mis amis Oriental under the steerage of Mayor Jennie Rosalie Uy ranked second place at 68.1 percent in 2016 while Tagoloan of the same province under the leadership of Mayor Heckert Emano is at third (50.91 percent).

Of the 14 provinces in Mindanao, Bukidnon under Gov. Jose Ma. Zubiri Jr. topped the list of locally sourced revenue dependency at 24.26 percent.

Budget... from page 1

needs now is the technical assistance from experts and not primarily funding, citing also that under the proposed 2018 national budget about PHP10 billion has been allocated for Marawi City’s rehabilitation.

He also said the government is set to issue its planned Marawi bond in the first quarter of 2018.

“It’s a go...We’re planning to float one by January,” he said, citing that they are now discussing the specifics of the debt paper.

Earlier, Defense Secretary Delfin Lorenzana pegged the cost of rebuilding Marawi City at around PHP100 billion.

Diokno, however, said this is yet to be finalized before they would be able to determine the mechanics.

He said a meeting with officials of the defense department, among others, would be held this afternoon to discuss the rehabilitation plan, which he said might be finalized by end-October. “ We e x p e c t t o h i t the ground running on rehabilitation in the next few weeks,” he said.

“Now is the time to move forward and rebuild Marawi

into the inclusive, inter-faith, international and modern city it deserves to become,” he added. (PNA)

Andanar... from page 2

nutrition ser vices in 51 municipalities.

Relief assistance had been distributed to 78,466 displaced families or 359,680 displaced individuals. Tents were also distributed to decongest evacuation centers and early rehabilitation and recovery program through sustainable projects such as communal gardening and food production were initiated.

Yan o a d m itt e d t h at although the Maranaos are not used to gardening because they are more of trading and selling, they have learned to appreciate communal gardening, as this made their time useful while staying in temporary shelters and evacuation centers.

Meanwhile, in terms of sustaining peace, the TFBM has created a technical working group (TWG) to manage the return of IDPs; trained policewomen had been deployed to counter violent extremism; and PNP posts had been established in evacuation and transition areas. According to Yano, there has also been a culture of peace orientation to the young IDPs in Iligan City and focus group discussion (FGD) of women, peace and security among others.

Online war against terrorism Included in the itinerary of Andanar was a meeting with the 1st Infantry (Tabak) Division of the Philippine Army in Marawi City, who leads the war against terrorists in Marawi City.

Lt. Col. Jo-ar Herrera in a presentation shared efforts of the Tabak Division in countering massive online production and dissemination of videos and other materials about violent extremism.

He said that apart from the battle on the ground, they were also fighting another battle in the internet He said that through their training, they have successfully taken down numerous sites online that were detected to be that of the violent extremist group, producing videos that invite and ignite violence among the youth.

He said that social media is one of the means of the terrorist group in recruiting new members. Among the targeted sectors include the youth and even professionals.

Herrera also revealed that since the start of the war, they have strengthened their online presence. They have produced materials to explain the war and their efforts to fight terrorists in the area. They have also posted various news and articles about bravery of soldiers in the battle field and also soldiers who are helping Maranao civilians, among others.

These stories have helped in shaping up the image of soldiers, he said.

Establishment of Salaam

TV and Radio One of the final areas that Andanar visited was the Mindanao State University (MSU) in Marawi City. He had a chance to speak with President Habib Macaayong and the rest of the top management of the school to share some good news.

He shared that as the he a d for t he St r ate g i c Communications and Information Management group of the TFBM, the budget for the creation of Salaam TV and radio has already been approved.

The secretary said that this TV and radio station is dedicated for the Muslim community, to give them a voice and share their stories to the rest of the country and the world.

The proposed location for the said TV and radio station is in MSU and is expected to commence before the year ends or in 2018. (JMOR/ PIA10)

Experts... from page 2

and services.

“You don’t have to be a rocket scientist to be an inventor,” said Bagasbas.

Training participant Lope Molde, owner of Love Yacon Health products in Butuan, also shared her insights during the training. “Nindot kaayo ni nga training kay karon nakabalo na ko unsa ang mga pamaagi para ma patent akong mga sabon.

Basin pa lang mudako pa ni akong negosyo puhon. (The training was really beneficial because I have learned the ways to secure patent for my soap, if by fate my business will grow in the future),” said Molde.

T h e t r ai n i ng r ai s e d awareness on the benefits of intellectual property (IP) protection to the products, processes and business names of SETUP cooperators in the province of Agusan del Norte.

It also encouraged them to apply for IP protection.

(DOST-Agusan del Norte/ PIA-Agusan del Norte)

Family... from page 4

they will too. A father must have honest character that his children see is always honest, even if he can get away with a little cheating or lying. But a father also explains to his children why God’s ways are the only true, right ways to live a successful, satisfying life. This includes taking his family to church every week, as well as praying and reading the Bible every day, which is God’s manual for living.

Think a Minute…

Hotline... from page 4

Could natural factors be the cause of the warming?

In theory, they could be, but nope. If the sun were to start putting out more radiation, for instance, that would definitely warm the Earth.

But scientists have looked carefully at the natural factors known to influence planetary temperature and found that they are not changing nearly

enough.

The warming is extremely rapid on the geologic time scale, and no other factor can explain it as well as human emissions of greenhouse gases.

Why do people deny the science of climate change?

Instead of negotiating over climate change policies and trying to make them more marke t - or i e nte d, s ome p ol it i c a l c ons e r v at ive s have taken the approach of blocking them by trying to undermine the science.

Some people even claimed that scientists are engaged in a worldwide hoax to fool the public, or that global warming was invented by China to disable American industry.

The issue have become so strained that even oil and coal companies have distanced themselves publicly, though some still help to finance the campaigns for those who support such negative views. (ruffy44_ph2000@yahoo. com)

Continuity...

from page 4 than any double-edged sword.

It penetrates even to the dividing souls and spirit, joints and marrow. It judges the thoughts and attitudes of the heart.” (4,12) We have to do everything to be always with God whatever we are doing, whatever our situation is.

That is why we need to have some working plan made up of some traditional and innovative acts of piety that would put us in touch with God always.

With him we can judge things properly and know

how to make a road map toward our eternal destination without getting lost along the way. This can give us a sense that there is some continuity and direction in our present age of discontinuity! roycimagala@gmail.com.

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 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

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Friday|october 20, 2017