BusinessWeek Mindanao (October 23, 2017)

BusinessWeek MINDANAO CREDIBLE

Volume VIII, No. 59

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Monday | October 23, 2017

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6TH MINDANAO BUSINESS LEADERS & ENTREPRENEURS AWARDS. BusinessWeek Mindanao, in collaboration with Veterans Bank, honored this year’s awardees of the 6th Outstanding Mindanao Business Leaders & Entrepreneurs during the ceremonies held on Friday at the Events Center, Centrio Mall in Cagayan de Oro City. They were: Mega Entrepreneurs- Ms. Betty Lu & Mr. Peter Lim Lo Suy of Toyota Cagayan de Oro (1st); Lorenzo Y. Rubinos Sr. of LYR Marketing and Furniture Center (Tagum City (3rd); and Gaisano family of Cagayan de Oro (2nd); For Hotel Industry, he said the awardees are Limketkai Luxe Hotel (1st), Park Inn by Radisson of Davao City (2nd) and Hotel de Susana and Resort of Valencia City (3rd); For Restaurant- Resort Industry, El Salvador Beach Front Resort and Restaurant (3rd); Sophie Red Hotel and Onshore Restaurant (1st) and Camp Holiday Resort & Recreation Park of Samal Island (2nd). For Agro Industry: TADECO (3rd), Crystal Sugar Company Inc. (2nd). and Philippine Ostrich and Crocodile Farm Inc. (1st); For Social Entrepreneurs: Green Pastures Corporation (2nd), Brigada Group of Companies (1st) and Ms. Jing Natividad of Aromacology Sensei Bukidnon (3rd); Micro Entrepreneurs: Malunggay Pastel Bread (2nd); Cheding’s Peanuts Inc. (1st); and Missy Bonbon (3rd) For Food Manufacturing: Ching Food Products, Opol MisOr (3rd), Lola Abon’s Durian Candy Factory, Davao City; and Gildelicious Baker by Taylor Food Products (2nd). For Housing Dev't - Hemini Land Corp of Davao City (1st); Home Planners Corp of Cag de Oro (2nd); and Milares Corp./Tuscana (3rd).

Market Indicators

As of 6:00 pm October 20, 2017 (friday)

FOREX

PHISIX

US$1 = P51.508

8,420.95

4.5 cents

X

66.42

X

points

Briefly

Rebuilding Marawi VICE President Leni Robredo has urged Filipinos to unite as the national government gears up for the rehabilitation of Marawi City.

“This is a call to everybody.

We should not ask what the government can still do, but we should ask ourselves what we can do to help the government,” said Robredo, who graced the launch of “Istorya ng Pag-Asa” to collect inspirational stories at the Santuario de La Salle here Thursday afternoon.

Now is not the time to blame each other, but the time to unite, she said, adding that Filipinos should set aside their differences and help one another.

Robredo lauded the government troops for risking their lives during the Marawi siege.

Agri confab MORE than a thousand farmers, industry players and advocates of organic farming will converge in this city for the 14th National Organic Agriculture Congress (NOAC) on October 24-26.

Carlene Collado, Department of Agriculture-10 (DA-10) director, said the Congress is one of the platforms for the development of and promotion of organic agriculture (OA) in the Philippines as provided in Organic Agriculture Act of 2010.

The event is expected to boost the awareness and practices of organic farming in the country, Collado said during a press briefing on Friday (Oct. 20).--PNA

Laguindingan now CebuPac’s 7th hub

By MIKE BAÑOS Editor-at-Large

T

HE public and private s e c tor h ave j oi n e d forc e s to invest in the future of L ag uinding an as an airport hub linking Northern Mindanao to the rest of the island and the Visayas.

In a brief ceremony held Friday at Laguindingan Airport, Misamis Oriental, top executives of the country’s leading airline and chief executives of the government from the national, regional and local level launched the facility as the 7th Regional Hub of Cebu Pacific Air. “Despite the current situation in Marawi City, Cebu Pacific has seen the promise of what Mindanao can be, and can become in the coming years,” said Pres.

Rodrigo Duterte.

NEW HUB. Cebu Pacific President and CEO Lance Gokongwei welcomes Pres. Rodrigo Duterte during the airline company’s launching of Cagayan de Oro as its seventh domestic hub at the Laguindingan Airport in Laguindingan, Misamis Oriental, on Friday evening. photo by gerry lee gorit

“Laguindingan serves thousands of passengers daily and is integral to economic activity in the Cagayan-Iligan Corridor,” noted Marvin Cui, Director, CEB Standards and Compliance for Airport Services. “Earlier we launched

two new flights to and from CGY: Cagayan de Oro to Caticlan, and Cagayan de Oro to Dumaguete. CEB is flying from Cagayan de Oro to Boracay and Dumaguete three times a week.” hub/PAGE 11

Help rebuild Marawi, Egco tells Mindanao biz leaders

By MARK FRANCISCO, Staff Writer

Egco

C O M M U N I C AT I O N S Undersecretary Jose Joel Egco took the opportunity of a major business event here to enjoin Mindanao business players to help rebuild the newly liberated Marawi City.

Speaking during the 6th Mindanao Business Leaders and Entrepreneurs Awards held Friday at the Event

Center of Centrio Mall in Cagayan de Oro City, Egco said business leaders play an important role both in starting and influencing initiatives to rebuild the war-ravaged city of Marawi.

Among the awardees present were members of the Lim Lo Suy family, which rebuild/PAGE 11

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Economy

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Marawi evacuees in Davao want to return home

D

AVAO City -- Some of the families from Marawi City, who sought temporary shelter in Davao City, wanted to return home after President Rodrigo Duterte declared the city liberated from terrorists.

City Social Service and Development Office (CSSDO) head Maria Luisa Bermudo said there are 479 Marawi evacuees in Davao City.

Bermudo said some of them approached CSSDO

because they want to return to their homes in Marawi City after learning of the President’s declaration.

“We told them that we still have to coordinate with the DSWD (Department of Social Welfare and Development) because this is the mandated agency when it comes to rehabilitation and restoration of the return of these IDPs from Davao City to Marawi City,” she said.

She said that her office

has yet to coordinate with the DSWD 11 for the assistance that will be given to these IDP under the Balik Probinsya or After Care program of the agency.

Carmela Duron, spokesperson for DSWD XI, said her agency will give the assistance but they need to secure a certification first from the local government of Marawi City or official of the Philippine National Police or Armed Forces of the Philippines in the area.

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“If they want to return to their homes, they need to get a certification from their local government unit in Marawi City allowing them to go back as their city is already peaceful and liveable,” she said.

“This requirement is for their own welfare and safety,” Duron added.

Duron, however, said the evacuees need not go to Marawi City because they can still get the requirement through email, social media or through fax.

She explained that this requirement is needed for them to claim the assistance that the agency will be giving them.

Duron said the agency will give transportation allowance to the evacuees who will be returning home. She said the DSWD has already provided assistance during their stay here in the city.

These evacuees stayed with their relatives in Barangays 5-A. (Armando Fenequito Jr/PNA)

Go Negosyo symposium caters to students in Ozamiz OZAMIZ City – The Department of Trade and Industry (DTI) Misamis Occidental with the thrust of enabling business and empowering consumers conducted a Go Negosyo Symposium on October 14 at La Salle University in Ozamiz City, to reinforce the entrepreneurial spirit of the students by educating them with different opportunities in the vast business sector.

Provincial Caretaker Jane Marie Tabucan said that with the theme “Tala Magnegosyo para sa Mas Maasensong Nasud Pilipinhon,” students were treated to a day filled with fun and learning, as well as motivation to improve their lives by means of

entrepreneurship.

"Being an entrepreneur knows no age, background, nor gender. Many Filipinos dream of becoming an entrepreneur," said former Governor Loreto Leo Ocampos during his talk in the symposium.

He added, "Anyone can be an entrepreneur given the right mindset and attitude, knowledge and skills, and the passion and creativity to do it. It is the character and values that matter in putting up and running a successful business."

Meanwhile, Victor Madlangbayan, one of the invited speakers advised aspiring entrepreneurs to choose work according to what excites you. As the saying goes, “you will

never ‘work’ a day in your life,” because it simply won’t feel like work; it will feel like the pursuit of passion.

According to Madlangbayan, the search for the right business or work may vary and is really different for many but at the end of the day, it is all about fulfillment in the things that you do.

The symposium was a half day event that featured different topics in business in the forms of plenary discussions. It enjoined the participants to develop a positive change in their mindset, and empower them with relevant entrepreneurship tools and concepts as their key to success specifically in pursuing a symposium/PAGE 11

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Opinion

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‘Standing breaks’

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

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Being Thankful think a minute

jhan tiafau hurst Think a minute…During World War II, churches stayed open 24 hours a day so people could come to pray for their country and family members out on the battlefield. A caretaker in one of these churches noticed a boy who came to pray about 10 minutes every day. One day after several weeks, the boy came and stayed to pray even longer. The caretaker asked him why he was praying longer this time. The boy answered: “Each day I came to ask God to bring my father home safely. This morning my dad came home, so I hurried here to thank God.” Have you developed the habit of being thankful every day, no matter how things are going? Always remember, there are many people with worse problems than yours.

My friend’s son, Joshua, was

born with a serious heart disease. Joshua has had several heart surgeries. He’s not been able to play sports because of his heart condition. But Joshua’s grandmother always taught him to be thankful.

On days when Joshua was so sick he could not go to school, his grandmother told him: “Josh, just be thankful that you’re home and not in the hospital.”

Recently Joshua had another heart surgery, but this time the strong medicine made him so sick he almost died. Joshua’s grandmother telephoned him in t he hospital to very kindly and gently say: “Josh, I love you and I’m praying for you.

Be thankful you’re not in a coma.” You know that grandmother is right? No matter how bad our problems are, they could always be much worse. When’s the last time you counted all the good things you have: whether it’s your family, friends, food to eat, clothes to wear, a roof over your head? Things that millions of people in the world do not have.

Usually, it’s only after we’ve gone through problems that we learn some of our most important lessons in life.

There’s a song that says: “If thankful/PAGE 9

Ruffy magbanua FINALLY, this break has come.

To all office employees out there, rejoice!

Employers are now required to provide ‘ standing breaks’ for their workers whose jobs require sitting for a long period of time.

The Labor Department has issued department order No. 184 to enforce mandatory occupational safety and health standards in all workplaces to eliminate, once and for all, health risks related to sedentary work , or sitting while working

for long hours.

The order is applicable to all workers involved in computer, administrative, and clerical tasks and those working in highly mechanized establishments.

Also included are those working in the field of transportation, toll booths, information technology and business process management and all other processes and industries where sedentary work is highly observed.

A five-minute break, done every two hours from sitting time is a respite to all workers who sit eight long hours in their respective work stations, or offices.

With that labor order, employees are encouraged to reduce their sedentary work by interrupting sitting, and substituting it with standing or walking for at least every five every two hours interval.

On top of that order, employers should also ensure that workstations are

appropriately designed to enable greater variability in mobility or posture of their employees.

Further, in consultation with their workers, employers may adopt other measures to address the occupational safety and health problems of their workers who are obliged to spend long hours sitting at work.

But what about those workers who stand all-day long?

Study shows that desk jobs are not good for the health, but working on our feet could spell a lot of trouble all the more.

Standing eight hours a day contributes to a significant and prolonged lower-limb muscle fatigue. This may raise too much risks for long-term back pains and muscle and skeletal disorders.

Prolonged standing is not good news either for bank tellers, retail assistants, assembly line workers and others who earn their living on their feet.

The study further pointed

out that almost half of all workers spend more than three-quarters of their workday standing.

Two hours of standing on the job is not associated with problems, but a longer period is likely to have detrimental effects.

And those employees who have to stand at work are often in lower-paid jobs --- the ‘endos’ of the labor force!

Among them are the retail staff, assembly line workers, security staff, engineers, catering staff, library assistants, hair stylists and laboratory technicians.

Worse, some of these employees cannot even walk to ease the strain on their muscles.

They have to remain in place until they are due for a break or it’s time to go home.

That department order 184 is plain hypocrisy (read: hypocrazy!).

For those employees who stand all-day long, it’s fake news! (ruffy44_ ph2000@yahoo.com)

Marawi siege aftermath Speaking out

ignacio bunye For me, one of the memorable photographs to come out following the liberation of Marawi shows two soldiers holding up the flag at ground zero. It was the soldiers’ effort to symbolize that once again the republic is supreme in the war-torn city.

It is a proud moment not just for government troops but all Filipinos.

The flag symbolizes our country and everything we hold dear. Our troops showed that they are ready, willing and able to make the sacrifice just to keep it flying.

In Marawi, 162 of our brave soldiers paid with their lives. Hundreds more were rendered permanently incapacitated.

The scene in Marawi should remind us never ever to take the flag for granted.

A flag-raising of sorts also occurred in 1945.

Filipino troops belonging to the United States Armed Force in the Philippines – Northern Luzon or USAFIPNL. - were fighting the last stages of the Battle of Bessang Pass.

The Battle of Bessang Pass consisted of a series of battles fought over almost 6

months. The initial battle was fought in Bitalac, Tagudin on January 8, 1945 while the last was waged on June 14, 1945 at Nangyatan Hill.

In between, bloody seesaw battles were fought in Lower Cadsu Ridge, Upper Cadsu Ridge, Lamagan Ridge, Laguiatan Hill, Magun Hill and Baracbac Point.

The Filipinos were trying to dislodge the 4,000 strong Jap ane s e sho ck t ro op s directly under the command of General Yushiharu Ozaki.

Ozaki was waging a bloody rear-guard action to protect Tomoyuki Yamashita who had fled to Bontoc from his Baguio headquarters.

The last bloody encounter took place on June 14, 1945.

Capt. Emilio Narcise and his men charged Nangyatan Hill where the Japanese kept their

munitions.

After an hour-long battle, Narcise and his men had control of the hill.

To signify Filipino victory, Narcise hoisted a make-shift flag. It consisted of a GI-issue olive green towel!

The Battle of Bessang Pass was over.

3,400 gallant Filipinos were either killed or wounded in this epic battle which forced the eventual surrender of Tomoyuki Yamashita.

Last Tuesday, President Ro dy D uter te de clare d Mar aw i l ib e r ate d. T he declaration coincided with the announcement that two, perhaps even three, of the leaders who staged the siege have been killed. The bodies of Isnilon Hapilon and Omar Maute have been aftermath/PAGE 9

Lessons from the Marawi War and Beyond

Lucell larawan The war of Marawi has just ended with the deaths of Isnilon Hapilon and Omar Maute. After the war, do not hinder some to be jubilant for the victory. “When the righteous prosper, the city rejoices; when the wicked perish, there are shouts of joy (Proverbs 11: 10).”

Of the many lessons learned in the five-month blood bath of terrorists and government forces—civilians included—foremost is about

the correlation between drugs and terrorism. As drug business is challenged by Duterte’s relentless war, the kingpins financed works of terror, somehow, to return the damage or remind the government that messing with their trade is serious.

If the drug business did not prosper, there can be no escalated terror activities.

In our country, drugs and terrorism are Siamese twins.

The Armed Forces have uncovered that the enemies did not receive funds from foreigners. Drug lords and other sympathizers reportedly financed them. The drug operators are saying, “This is what we can do if you disturb our business.”

Now, people should realize that the drugs menace is not just a health problem as mainstream media and western countries would like us to believe. If it is just a

health issue, there could be no Marawi battle that greatly devastated the whole city, left 500,000 residents scampering out for their lives and caused hundreds of deaths. If drug abuse is merely a substance addiction, there could be no massacre of families and the many crimes committed in the streets would be avoided.

So, if we hear critics say, “Let there be due process followed in the drug war”, they are telling Duterte to give in the reins to the lowlifes, not just the drug traders but also terrorists.

This the president will not do. We expected Duterte to fight them with unorthodox methods, though still within the bounds of police powers— this time, with the Philippine Drugs Enforcement Agency (PDEA).

Consider the mindless lecturing of bleeding hearts in cahoots with lawless

elements. They had often antagonized police work because deaths could not be avoided during their operations. And some make propagandas of hate for police operations if the criminals’ deaths would not be stopped during legitimate operations.

It seems the bleeding hearts and naïve civilians who could not wage a real battle are going to take the shots for national security with the help of mainstream media.

Pure poppycock, indeed.

Another lesson: do not acquies ce our nat ional security to the bleeding hearts. Do not immediately wage a war which you know nothing about. The CBCP leaders seemed to push their leanings in solving different crises. People almost believed that a statement came from a CBCP leader (it was fake news) when the two terrorist lessons/PAGE 9

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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CorporateWorld

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Suspension order on Lepanto’s Steel Asia to invest $1B for new mills gold-copper mine lifted by OP

L

ISTED Lepanto Consolidated Mining Co. told the stock exchange Monday that the Office of the President (OP) has lifted its suspension order imposed by former Environment Secretary Regina Paz L. Lopez.

The firm said it received yesterday the Oct. 12-dated letter which gave Lepanto six months from receipt “to implement appropriate mitigating measures.”

The OP also ordered the company to pay the Mines and Geosciences Bureau and the Environmental Management Bureau P27,275 and P100,000, respectively.

In a text message,

Lepanto Consolidated Vice-President and Assistant Corporate Secretary Odette A. Javier said the decision “followed the recommendation of the Technical Review Committee in February 2017” to impose fines on the company due to “minor lapses” at its gold-copper project in Benguet.

In addition, the Department of Environment and Natural Resources (DENR) is ordered to task the appropriate bureau under its purview to conduct a probe and submit a report on the results of the firm’s corrective measures to comply with the OP conclusion.

The firm filed its notice of appeal before the OP last Feb. 14 — the same day it received the DENR’s suspension order — and appeal memorandum on March 15.

Lepanto Consolidated is only one of several miners that sought for the OP’s intervention to hold in abeyance staunch environmentalist Ms. Lopez’ order to suspend and shutter 26 mines last February.

The decision was based on the findings of the DENR’s seven-month audit that miners questioned in terms of the procedures the agency adopted and the identity of the authorities steering the audit.

The orders were also anchored on the DENR’s view that mining should not operate in any functional watersheds, a rule miners found lacking of any legal basis but the agency still forged when it cancelled the 75 permits of miners still undergoing pre-operation activities.

The DENR’s legal division earlier said over ten miners have rest their cases at the OP while others filed appeals at the Office of the Environment Secretary.

The OP’s decision comes before the Mining Industry Coordinating Council’s own review of all existing mines, with priority to be given to the 26 that were affected by Ms. Lopez’s order.

STEEL Asia Manufacturing Corp. is set to invest some $1.0 billion for three new mini steel mills in the country, its Vice President Roberto Cola said Tuesday.

Cola told reporters that the new facilities would produce billets, bloom, beam blanks, slabs, rebars, wire rod, sections, and plates.

The three mini mills will have a total capacity of two million metric tons annually.

Cola mentioned that Steel Asia is partnering with two investors - from Italy and Japan - for the plates and sections plants, while the facility producing rebars would be its own venture.

He said Steel Asia is now finalizing the memoranda of agreement with the two partner investors.

The company is eyeing

Batangas and Subic for the location of its mini steel mills.

This is after Steel Asia has abandoned its plan to acquire the National Steel Corp. (NSC) in Iligan City, as the company and the local government failed to reach to an agreement.

Cola said that the company was asked to pay NSC’s liabilities on taxes and power, and the local government would also like to be a part owner of the facility.

According to Cola, Steel Asia’s offer was to lease the land, pay for the infrastructure, and shoulder “reasonable taxes”, but the company would no longer pay for the old mill since the company initially plans to put up new facility. (PNA)

AirAsia set to launch Bali, Jakarta flights in January PHILIPPINES AIRASIA, Inc. will launch flights from Manila to Bali and Jakarta in Indonesia in January 2018.

The local unit of the AirAsia Group is set to fly daily to the Indonesian cities of Bali and Jakarta starting Jan. 19 and Jan. 9, respectively, as part of its continuing expansion to further establish itself as the leading Southeast Asian carrier.

AirAsia Philippines CEO Dexter M. Comendador said in

his remarks yesterday during the launch of the flights, “This strengthens our position as a truly ASEAN (Association of Southeast Asian Nations) airline.”

He added in a statement that the lowcost carrier is now the only airline that services all countries in the ASEAN region and with established operations in the Philippines, Thailand, Indonesia and Malaysia.

The low-cost carrier is also set to launch direct

flights thrice a week between Manila and Ho Chi Minh in Vietnam on Nov. 19.

Earlier this month, the airline announced that it is set to conduct its initial public offering (IPO) by mid-2018. The company expects to raise up to $250 million from the IPO, which will be used mainly for expanding its facilities.

The IPO is also part of the plan of AirAsia Group CEO Tony Fernandes to consolidate its Southeast

Asian units under one listed holding company.

This plan is seen to create economies of scale and establish a dominant position for AirAsia in countries where it operates.

In May, the AirAsia Group reported that the Philippine unit recorded an operating profit of P400 million in the first quarter of 2017, which was attributed to increase in passenger count by 19% and rise in revenues by 41%.

The SM Store Shopping Spree promo is back!

After bringing joy to shoppers all great shopping experience at SM This time, more SM Store customers can shop, win, and around the country last year, The is one of the reasons why SM enjoy a P100,000 Shopping Spree SM Store is bringing its P100,000 is bringing back the Shopping from SM, as a total of 118 lucky Spree promo.

Shopping Spree promotion just winners will be drawn. in time for the Welcome Christmas Christmas holidays. wonderfully by being This time, it’s one of the first batch of bigger and better winners on November 10, with 118 winners 2017. The final draw will nationwide! be on January 5, 2018 with It will be one winner per SM Store remembered that branch.

SM Shopping Spree In this joint project winners celebrated between The SM Store and the New Year with Mastercard, every P3,000 a big smile as they single-receipt straight and shopped with installment transaction their P100,000 SM using a Philippine-issued shopping money.

Mastercard at The SM Marivic Miranda, Store entitles a cardholder Ma. Carmela de to one electronic raffle la Cruz, Melody entry and a chance to win Samudio, and a P100,000 shopping spree Tony Rose Tuante at any SM Retail Store! are some of the Promo period is until winners who went December 31, 2017. shopping with their Shop. Win. Enjoy. families at The SM P100,000 Shopping Spree Stores in Makati, Tony Rose Tuante was one of last year’s winner of the MOA, Aura, and SM Shopping Spree promotion. Tony Rose had a great promotion is one of the Cagayan De Oro time shopping at SM Cagayan De Oro with her P 100,000 many exciting promotions of The SM Store. respectively. Their worth of shopping spree money.

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Banking&Finance

Inflation remains manageable amid higher oil prices: Espenilla

B

ANGKO Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said domestic inflation path has increased due to higher fuel prices and peso depreciation and may increase further because of possible electricity rate hike and impact of the proposed tax reforms.

In a briefing Friday, the central bank chief,

however, said rate of price increases remains within the government’s 2 to 4 percent target for 2017 to 2019, with the average forecasts for the three-year period at 3.2 percent.

This, even as international oil prices have posted upticks on higher demand, which in turn has affected domestic fuel prices.

Also, the sustained

strengthening of the US dollar has negatively impacted the Philippine peso, which on Thursday fell to its 11-year low of 51.53 against the greenback.

Since the start of the year, the local currency has depreciated by around 2.41 percent.

“The inflation outlook may still adjust upward owing in part to possible adjustment in

A RANKING Bangko Sentral ng Pilipinas (BSP) official remains optimistic of a “modest” shortfall in the country’s balance of payment (BOP) position this 2017.

This even as the country’s BOP position in the first nine months of the year stood at a deficit of $1.37 billion, which is way lower than the central bank’s $500 million deficit assumption for the year.

Last September alone, BOP posted a $24 million surplus, ending the deficits in the previous four months.

BOP is the sum of a country’s total transactions with the rest of the world.

BSP Deputy Governor DiwaGuinigundo, in an SMS message, attributed the surplus last September to the gains of central bank’s investment overseas.

He, however, said the impact of central bank’s income from investments abroad is offset by the national government’s debt servicing requirements.

He said “fundamentals are very encouraging”, citing the recovery of

exports and deceleration of growth of imports, with the latter being the main factor for the drop in the country’s current account and strong demand for the US currency.

“Cash remittances continue to be robust while BPO (business process outsourcing) revenues have been reported to be resilient at around 10 percent growth,” he said.

“We hope we can keep the BOP shortfall at modest volume given the good outturn in portfolio investment in August and small overhang in September,” he added.

Central bank data showed that registered foreign portfolio investments, otherwise known as hot money due to the speed it comes in and out of an economy, as of the week ending October 6, 2017, amounted to a net outflow of $629.77 million, a reversal from the $1.31 billion net inflow same period last year.

Monetary officials have attributed the outflows to investors’ risk-off attitude given the negative

developments overseas and its impact on the domestic economy.

Last September, hot money posted a net inflow of $112.63 million, a turnaround from the $807.15 million for same month in 2016.

Total inflows for the month reached $1.296 billion while total outflows amounted to $1.184 billion.

Total remittances as of August expanded by 6.4 percent to $20.72 billion, higher than central bank’s remittance growth assumption of four percent for the year. (PNA)

BSP exec sees ‘modest’ BOP shortfall for ‘17

electricity rates as well as the potential shortterm impact of the government’s planned tax reform,” Espenilla said.

The BSP chief, on the other hand, pointed out that these developments “are not expected to breach the inflation target.”

“Moreover, lingering uncertainty in global economic conditions

may still temper further the inflationar y pressures,” he said.

As of end-September this year, inflation averaged at 3.1 percent, even with the increase last September to 3.4 percent from monthago’s 3.1 percent due to faster increases in the heavily-weighted food and non-alcoholic beverage index as well as the alcoholic

beverages and tobacco; clothing and footwear; housing, water, electricity gas and other fuels; transport; and restaurant and miscellaneous goods and ser vices.

In the third quarter alone, inflation averaged at 3.1 percent, same as the previous quarter but higher than year-ago’s two percent average rate. (PNA)

Children take part in the Parents Chess Club tournament last Saturday at Limketkai Center. photo by mark francisco

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IBP Misor holds legal outreach in Hong Kong Story by MARK FRANCISCO Photo Supplied

CAGAYAN DE ORO CITY – A total of 100 Filipino domestic helpers in Hong Kong took advantage of a legal outreach that was offered by nine lawyers representing the Integrated Bar of the Philippines (IBP) Misamis Oriental chapter.

The group itself is part of the larger outreach called Idulog Mo Kay Atorni Year 5 generally organized by IBP Central Luzon.

It was already the fifth year for the lawyers from Central Luzon to hold such an outreach. This year, they were joined by their counterparts from Eastern Mindanao as represented by the IBP Misamis Oriental chapter headed by their president Atty. Eddie Cuaresma.

The rest of the lawyers who composed the nineperson group were Attys.

Janeth Nuñez, Cancio

Nicanor “Pogi” Guibone, Jun Lucman, Rey Raagas, Robert Raypon, Teresa Blanco, Katrina Mordeno

and Anna Caroz.

Cuaresma said the legal problems of the domestic helpers

range from marriage annulment to real property disputes back here in the Philippines.

There were also a few who encountered legal problems in Hong Kong.

The outreach was held at the Philippine Consulate in Hong Kong from October 7 to 8.

Cuaresma said they timed it during the rest days of the domestic helpers which are Saturdays and Sundays.

He said that legal problems of the beneficiaries were forwarded to the IBP chapters where their Philippine residency belongs.

In January, the IBP Misamis Oriental chapter will hold another legal outreach for overseas Filipino workers (OFWs) in Singapore.

Other activities to be conducted by the chapter will be a fun run for a cause and a movie block screening for a cause.

Senior Citizen, PWD discount now available on all Cebu Pacific booking systems

Chairman Francisco Duque III awards the milestone benefit facsimile check of Php30,000 to pensioner Salome Buendia who will turn 95 years old on October 21.

Chairman Duque is joined by Officer in Charge – Senior Vice President for Luzon Group Salvacion Mate, Ms. Buendia’s relative Ericson, Bulacan Branch Office Manager Ma Leon Fajardo, and Vice President for North Luzon Office Eduardo Fernandez.

GSIS in 2022: One of top 3 defined-benefit pension fund institutions in ASEAN The declaration of a nationwide work suspension in government offices today did not deter more than 200 GSIS active members and pensioners from attending the stakeholders’ dialogue convened by Chairman Francisco Duque III in the city of Malolos.

“This is part of our continuing effort to be transparent and consultative to our stakeholders and we hold the consultation ‘rain or shine’,” Duque said.

The dialogue, which is the third since Duque’s appointment as Chairman

in February this year, aims to update GSIS members and pensioners on the thrusts of the new Board of Trustees, as well as to hear the concerns and suggestions of GSIS stakeholders to improve service.

“I take note of the inputs gathered from the forum, which I then discuss with the Board, to determine whether we need to amend or formulate certain policies that will further make our service delivery more responsive”, Duque said.

He recognized that the

pension fund has made remarkable strides in the last six years owing to the reforms that it has implemented, such as the non-suspension policy for members working in suspended agencies, restoration of survivorship benefit, increased minimum basic pension of Php5,000, and renewed partnership with the Land Bank of the Philippines.

Duque stressed however that GSIS will “never be complacent and is poised to rise even higher as it gsis/PAGE 9

The Philippines’ leading airline, Cebu Pacific (PSE: CEB), has implemented the 20% discount, on top of the exemption from the 12% Value-Added Tax (VAT), on airfare for Senior Citizens and Persons With Disabilities (PWDs) across all its booking systems. That means that bookings of Cebu Pacific flights by eligible Senior Citizens and PWDs, whether done via ticket office, online via the CEB website, or through the CEB mobile app, now reflect the applicable discounts on the base fare for flights within the Philippines.

The 20% airfare discount and 12% VAT can be availed by all Filipino Senior Citizens and PWDs. For bookings made through the website or mobile app, the passengers need to input their details, including their date of birth or the number stated on their identification cards (Senior Citizen Card or PWD card). The total amount discounted can be found both on the ‘booking summary’ portion of the website, as well as the ‘fare breakdown’ or ‘payment details’ portion of the itinerary receipt.

The discount extended to Senior Citizens and

PWDs only covers airfare, and does not cover ancillary services such as food, baggage allowance and seat selection.

Upon check-in, passengers who availed of the discount are required to present their Senior Citizen ID issued by the Office of Senior Citizen Affairs (OSCA); or PWD ID issued by the National Council on Disability Affairs (NCDA). In lieu

of these, they may show other valid governmentissued IDs that reflect their nationality and birthdate such as Passport, Driver’s License, Voter’s ID, SSS/ GSIS ID, PRC Card, Postal ID, PWD ID issued by the Office of Persons with Disability Affairs (PDAO) or the City/ Municipal Social Welfare and Development Office (CSWDO/MSWDO) booking/PAGE 9

Northern Mindanao's prince of haute couture Gil Macaibay III (left) receives a special award for his outstanding contribution to the local fashion scene during the 6th Mindanao Business Leaders and Entrepreneurs Awards held last Friday at Centrio in Cagayan de Oro City. Smiling with him is BusinessWeek Mindanao president Dante Sudaria (center) and event executive director Allan Mediante (right). photo by mark francisco

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monday|october 23, 2017

GSIS... from page 8

competes in the global arena” in the next six years.

“O ur ne w vision benchmarks GSIS as one of the top three defined-benefit pension fund institutions in the ASEAN region by pursuing service quality and sound financial management.”

Duque also informed the stakeholders that beginning this year, GSIS commits a shorter processing period for retirement and life Insurance, motor vehicle and service loans.

“The processing period for all retirement and life insurance claims is further reduced from 90 days to 30 days, motor vehicle claims from 45 days to 40 days, and service loan to three days from five days, after approval of your agency authorized officer or AAO.” He also said that the pension fund will conduct financial literacy lectures in 2017, to help new government entrants and retiring members, make informed and effective financial decisions. The lectures will be held in partnership with the Civil Service Institute, the Philippine Deposit Insurance Corporation and other known financial literacy experts.

During the program, Chairman Duque awarded a check of Php30,000 to 95year old pensioner Salome Buendia representing her milestone benefit that is given to pensioners upon reaching the ages 90, 95 and 100 years, amounting to Php20,000, Php30,000 and Php50,000 respectively.

Pensioner Rose Guillen also delivered a message of thanks to GSIS for the conduct of the annual pensioners’ day where they are updated on new programs and treated to a day of wellness, games and fun.

“The pensioners’ day is very important to all of us because we are told about the news and updates about our benefits,” Guillen said.

In closing, Chairman Duque assured the stakeholders that GSIS will continue to keep the interest and welfare of its members and pensioners primordial, and will continue to find ways to provide responsive service “to those who serve” in government.

Booking... from page 8

of the place where the PWD resides, or t heir Transportation Discount Fare Identification Card issued by the National Council for the Welfare of Disabled Persons (NCWDP).

“Through this system upgrade, we hope to be able to better serve the travelling public and make it easier for our Senior Citizens and PWDs to avail of the discounts. We also recognize the efforts of the House Committee on Transp or tation, the Department of Transportation and the Civil Aeronautics Board in drafting these guidelines that would govern the granting of discounts for senior citizens and PWDs on on line t rans ac t ions

as these have been seen growing exponentially over the past years,” said Atty. JR Mantaring, Vice President for Corporate Affairs of Cebu Pacific.

CEB flies to 37 domestic destinations, with over 80 routes—the most extensive among Philippine carriers. Its 60-strong fleet is comprised of two Airbus A319, 36 Airbus A320, eight Airbus A330, eight ATR 72-500, and six ATR 72-600 aircraft. Between 2017 and 2022, CEB expects delivery of 7 Airbus A321ceo, 32 Airbus A321neo, and 10 ATR 72-600 aircraft.

Thankful... from page 4

I’d never had a problem, I’d never know that He could solve them. I’d never know what faith in God could do.”

So won’t you give your life to Jesus Christ today, and start trusting Him to take care of you no matter what happens?

He’ll help you to see all the good things He’s given you— including answers to prayers you never even prayed. Just Think a Minute…

Aftermath... from page 4

positively identified. As of this writing, that of Mahmud Ahmad, a Malaysian national suspected of financing the attack on Marawi, still has to be confirmed via DNA testing.

Some observers called the President’s announcement “premature” since a pocket of twenty to thirty terrorists were still fighting. Nevertheless, the outcome is more or less clear. The end for the holdouts is near.

Flashback again to 1945.

General McArthur made a similar “premature” move which signalled the end of the Battle of Manila. The Battle of Manila lasted 29 days.

On Day 25, even while guns rumbled in the distance, McArthur turned over the reigns of government to President Sergio Osmena in a simple, brief but impressive ceremony inside Malacanan Palace.

This took place 4 days before the actual end of hostilities.

On Day 26, Allied troops pounded the Agriculture Building, headquarters of the Japanese troop commander, with artillery and tank fire. So heavy was the shelling that the building pancaked on its own first floor. The remains of the Japanese commander, said to have committed suicide earlier, was 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.

As in most conflicts, the most battle-scarred are the children.

In Marawi, a soldier found the distressed cries of a rescued child heartrending. The former child hostage was crying “Papa, Papa” trying to look for his father from whom he was separated during the rescue.

In his autobiography, the late Ambassador Antonio Cabangon Chua recalled his own traumatic experience during the Battle of Manila.

As the fighting raged, civilians who could still escape from the city tried to cross the Pasig River. Amba Cabangon Chua (then 9 years old) and his mother, Dominga, joined a stream of refugees trying to make it to safety across the Pasig.

Behind them was South Manila going up in flames.

“The bombs were bursting all over, but I was a child and it wasn’t the explosions of war that scared me but the sights and smells of war.

What especially horrified me was the smell of death.

The dead lay everywhere, blocking our path. We had to make our way to the crossing over dead bodies, bloated bodies, rotting bodies. I was crying with terror and I told my mother I didn’t want to pass that way – but there was no other way. I didn’t know rotting corpses had so strong a smell!”

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

Lessons... from page 4

leaders died in Marawi; he allegedly condemned the manner of killing these two terrorists and used the term EJK (extra-judicial killing).

That should give a rough awakening, though: that a bishop’s undue interference, together with other leaders, the Liberal Party and the human rights groups, can stymie society’s well-being.

The person behind that circulating bogus news could have given a parallelism about how the bishop had unwittingly given a negative publicity on the war on drugs, though the state forces just did what is best for everyone.

The people felt the need to stop drug traders from sowing fear in society. As Duterte attempts to cleanse the Augean stables to satisfy the majority of the Filipinos, church leaders gave them the opposite: they condemn the drug war. Since these church leaders blocked what the people badly need, the netizens’ trust to these leaders deteriorates.There are matters

that can be answered by simple reason; if common sense is ignored, the people, then, decide whom to respect more.

So remember an important insight after the war: do not compromise the safety of everyone in the country by listening to unsolicited advice, from those who know nothing about war or are driven by political motives every step of the way.

And I cannot avoid beholding the Liberal Party members making all the noise to make themselves look good. Undoubtedly, they could also be busy plotting for a destabilization of the government in times of crisis in the south. They once blocked the implementation of Martial Law in Mindanao.

Had they succeeded, society would become more chaotic.

Thanks to their hypocrisy claiming that they are fighting for a noble cause—the rule of law and human rights—but they really want to bring back their gang of oligarchs. Watch out for their duplicity. What they are after: they want to get back the lost scepter.

When asked about attempts to topple t he government, Liberal Party memb ers retor te d t hat Duterte is paranoid to think that there is destabilization.

But no other party would benefit if Kian De Los Santos’ death was “staged” that way; the mastermind wants to convince everybody that policemen and the government are villains.

Then the real villains laugh.

So, who could have killed Kian? The public has sharp senses: behold the 80 percent of Filipinos who still trusts Duterte in the Pulse Asia survey despite many issues hurled by the vile. This high trust rating is true, albeit 73 percent believe that EJKs happen. People are obviously tired of academic tacks to solve what afflicts them.

Moreover, we analyze: what did senator Trillanes do in his recent trip to the US as he tried to persuade US senators to stop president Trump’s visit to the country this November? Is this not rebellion and a clear sign of other hidden attempts to weaken the government?

Should the government just leave depraved Trillanes and the Liberal Party as they work

NEW LIGHT PAWNSHOP Main: Gen. Capistrano Neri St., Cagayan de Oro City Branch: Don. S. Osmeña St., Fronting Public Market, Cagayan de Oro City NOTICE OF AUCTION Starting Nov. 3 & 4, 2017 (Friday & Saturday) at 10:00 A.M. to 12:00 noon, this establishment located at Gen. Capistrano Neri St., Cagayan de Oro City will set an Auction Sale on all pledges since June 2017. Patrons are enjoined to verify their receipts.

MANAGEMENT PAHIBALO Sa Nob. 3 & 4, 2017 (Bernes ug Sabado) sa may 10:00 sa buntag paingon sa alas 12:00 sa udto, ang tanan nga penirenda nga wala malukat sa Gen. Capistrano Neri St., Cagayan de Oro City sugod sa bulan sa Hunyo 2017 maapil sa subasta. Giawhag ang tanan suki sa pagsusi sa ilang resibo.

ANG TAGDUMALA BWM: oct. 23, 2017 GREAT VALUE PAWNSHOP V. Castro St., Carmen, Cagayan de Oro City NOTICE OF AUCTION Starting Nov. 3 & 4, 2017 (Friday & Saturday) at 10:00 A.M. to 12:00 noon, this establishment located at V. Castro St., Carmen, Cagayan de Oro City will set an Auction Sale on all pledges since June 2017. Patrons are enjoined to verify their receipts.

MANAGEMENT PAHIBALO Sa Nob. 3 & 4, 2017 (Bernes ug Sabado) sa may 10:00 sa buntag paingon sa alas 12:00 sa udto, ang tanan nga penirenda nga wala malukat sa V. Castro St., Carmen, Cagayan de Oro City sugod sa bulan sa Hunyo 2016 maapil sa subasta. Giawhag ang tanan suki sa pagsusi sa ilang resibo.

ANG TAGDUMALA BWM: oct. 23, 2017

en masse for their selfish ends? Dissent is allowed, but rebellion is not. Not

stopping the rebellion before it is full-blown costs billions like Marawi.

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Monday | October 23, 2017

Winner of Caltex-Transformers promo takes home brand-new Chevrolet Camaro

Caltex, marketed by Chevron Philippines Inc. (CPI), recently awarded the grand winner of “True Power from Within” with a brand new 2017 Chevrolet Camaro RS A/T and Php100,000 worth of Caltex Starcash to go with it. The nationwide promotion for Caltex customers was in conjunction with Michael Bay’s latest Transformer’s installation, Transformers: The Last Knight.

The lucky winner, Christine Joy Favor, shared that she is a regular Caltex customer as it offered convenience through the many Caltex stations near her home in San Pedro, Laguna. Christine shared how she could not contain her excitement when she got the news during office

hours.

“I never win in promos so I was a bit hesitant to believe and the first person I called was my mom.

When things settled in, I was jumping for joy. Caltex is amazing for this, and I am all the more excited to make use of their topquality fuels and the good service they are known for,” shared Favor.

“We always make it a point to reward our loyal customers through a variety of promos. Our tie-up with the latest Transformers movie gave them an added experience to their regular top-ups.

We are just as elated as the winner and we hope to make more people happy through more promotions,” said CPI Country Chairman Louie Zhang.

Pilipinas Shell and Subaru seals new partnership Pilipinas Shell and Motor Image Pilipinas, Inc., the local distributor of Subaru, formally sealed a newfound partnership.

Represented by Pilipinas Shell Vice President for Retail Anthony Lawrence Yam and Motor Image Pilipinas, Inc. General Manager Gerry Hernandez, the two motoring giants exchanged tokens to symbolize their alliance.

Under the partnership, Pilipinas Shell and Subaru will be working together for future marketing collaborations to bring the best out of each other and delight Filipino motorists.

“We believe that not all fuels are created equal, and the same goes for cars.

The fuel you use can make a big difference in your car’s performance, which is why we take pride in being Subaru’s preferred fuels brand in the Philippines,” shared Yam, further emphasizing what cemented their alliance with the automotive manufacturer.

Subaru’s impressive line of vehicles is complemented with Shell’s lineup of quality fuels, such as Shell’s premium performance fuel, Shell V-Power with DYNAFLEX

Technology. Shell V-Power’s DYNAFLEX Technology is designed to help restore your engine’s performance by actively removing and preventing the build-up of fuel system deposits and reducing wasted energy, delivering Shell’s best-ever performance and efficiency. All Shell quality fuels are developed

by Shell’s formidable team of scientists around the world.

Aside from being the recommended fuel by the well-known Japanese brand, all brand new Subaru cars will include

Shell Welcome Kits as part of their partnership.

The Shell Welcome Kit contains Shell Fuel Vouchers, to give Subaru car owners and their newly rolled out car a head start.

Also included in the kit is a Shell Car Charger, to ensure that their valued customers’ gadgets are fully charged whilst on the go.

Lastly, an SM Advantage Card is also provided for the car owners to earn points while refueling, making their trip to Shell a rewarding experience.

With their new alliance, Pilipinas Shell and Subaru will be working together to further push the boundaries of energy and innovation both in laboratory testing centers and on the road.

By providing quality fuel products and services to motorists around the world, Shell gained its foothold as a global leader in power and energy that pioneers next generation technology in developing new energy sources for a reliable energy mix, producing smarter partnership/PAGE 11

MDPPA gives rainy day reminders to motorcycle riders Rainy days present many challenges to motorists.

Besides the trouble of getting drenched by the downpour, heavy rains cause floods in many areas in and around the metro, worsening the already daunting traffic situation.

Long lines at train and bus stations snaking through the street further compress packed roads and contribute to the slow flow of traffic.

In line with its road safety campaign, MDPPA Road Safety Committee Chairman Jacinto Cadugo shares some tips about how to stay safe and enjoy the ride during these rainy days.

1. Wear proper rain

gear. Avoid getting soaked as this can distract from driving. Soaked clothes can also cause illness. Wear proper helmet, with the visor protecting the face. Also wear bright-colored rain gear with reflectors to increase visibility on the road.

2. Check the motorcycle before leaving. Make sure the motorcycle is in good condition. In particular, inspect the tires to ensure they are not worn out and can tackle the wet roads reminders/PAGE 11

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Hub... from page 1

“Starting today, the entire Cebu Pacific network will have nine direct connections to and from Cagayan. Manila, Bacolod, Davao, Zamboanga, Cebu, Iloilo, Tagbilaran, and starting today, Caticlan and Dumaguete,” Cui said.

“As the leading airline, C ebu Pacif ic has b e en operating here since 1996 and needs to further expand by pushing for inter-island connectivity around the Philippines, and in connecting more islands from Mindanao to Visayas, and to the rest of the archipelago, “he added.

“Laguindingan is the gateway to Northern Mindanao. When we started in 1996, actually Cagayan de Oro was our 4th destination, and today it’s still our 4th largest destination,” said Lance Gokongwei, President and Chief Executive Officer of Cebu Pacific. “We now have 146 weekly flights out of Laguindingan to nine destinations in the Philippines and we want to promote tourism and business in a region that deserves more attention and access.”

“That’s our mission to create access for all Filipinos not only to Metro Manila but to all other cities. With the help of Cebu Pacific many destinations are being discovered and we hope such destinations in Northern Mindanao will be discovered and we’ll do our own little part of make that possible,” he added.

In for the Long Term “It’s actually quite timely if we need to develop the hub and location wise, geographically it’s also a good central location to connect to the other islands in the Visayas and Mindanao,” said Candice Iyog, CEB Vice President, Marketing and Distribution, in the sidelines of the event.

“When we enter a market the intention is always to do long-term. Because the time, the effort to actually set up a hub operationally, resource wise, is the same whether it’s a short term or a long term. So when we come into a market it’s really with the full intention of developing it and growing it,” she added.

Public-Private Partnership “We always view the government as our partners.

We work closely with the Dept. of Transportation (DOTr) and its associate agencies the Civil Aviation Board (CAB) in making sure that all processes and infrastructure are in place, and we work closely with the Department of Tourism (DOT) in promoting destinations in our place,” Gokongwei noted. “ We a r e a l s o v e r y supportive of the government’s moves to really Build, Build, Build program because that’s what we really need, more infrastructure if the aviation industry’s gonna grow, certainly we need more and better airports,” he added.

Engr. Jose G. Budiongan, airport/area manager

for CAAP Area X, said Laguindingan airport is now gearing for the increased passenger traffic by opening another gate in addition to the existing two. An additional passenger lounge capable of seating 100 additional departing passengers is also in the works.

Besides Pres. Duterte, among the national government luminaries who graced the event were DOTr Sec. Arthur Tugade, DOTr Usec. for Aviation Capt. Skee Tamayo, DOT Asec. Ricky Alegre; DTI Asec.

Art Boncato, and Capt Jim Sydiongco, CAAP DirectorGeneral.

Regional officials were led by Presidential Adviser o n t h e Pe a c e P r o c e s s Jesus Dureza, Mindanao Development Authority Sec. Abul Khayr Alonto, Phividec Industrial Authority CEO and Administrator Franklin Quijano, and Rep. Juliette Uy, 2nd District, Misamis Oriental.

Local chief executives were led by Host Laguindingan Municipal Mayor Diosdado Obsioma.

Cagayan de Oro City Mayor Oscar M. Moreno and Misamis Oriental Gov. Yevgeny Vincente Emano.

B e s i d e s G okong we i, Iyog and Cui, other top CEB Executives present included Alexander G. Lao, President & CEO of Cebgo; Alex B. Reyes, Vice President, Cargo Division; Michael Ivan Shau, Vice President, Airport Services; and Atty JR Mantaring, Vice President, Corporate Affairs.

International flights Asked about the proximity of international f lights landing in Laguindingan Airport, Gokongwei replied: “I think international flights are something we should look at in the next two years because generally if a hub already has many domestic connections, that means there’s enough support as possibly an international de st i nat i on, and t hat’s something we’ll seriously consider.”

“We are considering opening flights to the Brunei D ar uss a l am - Ind one s i a Malaysia-Philippines East ASEAN Growth Area (BIMPEaga) maybe in the future, as preparations improve for airports and all that, we will probably start flights of our international airports from Davao and Cagayan de Oro and the like from Mindanao to the Indonesian islands, like Sandakan, like Malaysia,” he added.

Cebu Pacific Mission In his brief talk during the launching program, Gokongwei disclosed how a letter addressed to him epitomized the mission of Cebu Pacific to serve EveryJuan.

He said Apple Uy of Cagayan de Oro wrote him a letter asking him as a parent to another parent, if Cebu Pacific would consider opening a direct flight to Dumaguete from Laguindingan so she and her daughter could see each other more frequently.

“I thanked her for the

letter and told her we would look into it. Four months later, we announced the direct Cagayan de Oro to Dumaguete service, the main flight of which was being sent off this afternoon,” Gokongwei said.

“It’s circumstances like the Uy family’s that give meaning to what Cebu Pacific does.

It adds them to the islands we connect, and the low fares we offer. Today, with direct flights to Dumaguete and Caticlan, Cagayan de Oro has become one of our hubs in the Philippines,” he explained. “From this hub, passengers in Cebu Pacific flights can now fly direct to nine Philippine destinations and beyond.”

“With this as a hub, a tourist from Boracay can now easily explore this region’s diverse natural attractions.

Small businesses can flourish with additional cargo options, and seat sales enable families and couples to visit their loved ones more,” Gokongwei noted.

“What was originally the fourth destination of Cebu Pacific in 1996 is now a hub.

It follows the path of Manila, Cebu, Iloilo, Davao, also as hubs,” he explained. “Today is a testament to our long standing commitment to contribute to nation-building, and make air travel more accessible to all Filipinos.

We look forward to the effect our low fares and direct flights will have on Northern Mindanao.”

Rebuild... from page 1

owns a range of Toyota dealerships from Butuan to Zamboanga, and scions of shopping mall magnate Stephen Gais ano. B ot h families were among those recognized for their immense contributions to Mindanao

development.

Those who graced the event were bank executives led by Philippine Veterans Bank vice president Miguel Angelo Villareal and Elmer Monsale, local division chief of Eastwest Bank. B oth financial institutions are sponsors of the awards.

Eight companies were recipients of the 6th Mindanao Business Leaders and Entrepreneurs Awards.

They were Malunggay Pastel Bread (micro-entrepeneurs), Brigada Group of Companies (s o ci a l ent repreneurs), Philippine Ostrich and Crocodile Farms (agriculture industry leaders), Hemeni Land Corporation (real estate and housing development leaders), Limketkai Luxe Hotel (hotel industry leaders), Lola Abon’s Durian Candy Factory (food manufacturing entrepreneurs), Sophie Red Hotel and Onshore Restaurant (restaurant/resort leaders) and the Lim Lo Suy family (mega entrepeneurs).

Special awards were also given to Medina, Misamis Oriental (outstanding LGU in tourism promotion), Island Garden City of Samal (outstanding LGU in tourism development) and Cagayan de Oro City’s own Gil Macaibay III (outstanding leader in fashion industry).

The awards gives honor to various Mindanao business leaders and entrepreneurs, serving as catalyst for their continued and concerted effort to seek greater heights and strive for success in the noble mission of propelling Mindanao and its people towards full economic growth and sustainable development.

It was a creation of BusinessWeek Mindanao president Dante Sudaria and Mindanao Daily News editorin-chief Allan Mediante for six years in a row since 2012.

Reminders...

Partnership...

a head.

3. Be mindf u l of t he road conditions and other vehicles.

When it rains, avoid t he p a i nt e d l i ne s on the road as these become more slippery. Also avoid ra i nbow-colored sections of the road, which contain oil, and are, t herefore, e x t r a s l i p p e r y.

A lways watch out for manholes, pudd les and ot her road obs t r uc t ion s t hat m ay i nc re a s e t h e r i sk of ac c ident s .

I n add it ion, keep a safe distance from other vehicles t o e n s u re a go o d enough bra k ing distance.

4. Stay protected from outside forces.

A lways keep t he head lights and t he tail lights on to be easily seen by other vehicles. As helmets do not have wipers, spray i ng waterrepel lent solut ion on t he v isor ca n help guard visibility aga i nst t he heav y rain.

5. Know when to stop.

W hen light ning strikes, stop riding.

Head for the nearest c ove r bu t d o n o t stop under a tree.

6. S t a y a l e r t . M a k e sure to have enough sleep before driving, especially if it is a long ride.

I f s le e p y, s t op at a ne a rby store or coffee place to rest and power up before resuming t he ride.

products and promoting its smarter use, building smarter infrastructure and providing energy efficient engineering solutions that ultimately promote clean and ef f icient transpor t, sustainable mobility, energy efficiency and a new energy future to address the energy challenge.

from page 10

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF NOTICE OF EXTRA- JUDICIAL SALE EJF No.: 208-07-2017 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.

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

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Symposium... from page 2

business venture.

The symposium aimed to inspire students and aspiring entrepreneurs to look at business in a different way and possibly encourage them to start their own business ventures by featuring young successful and inspiring entrepreneurs. (SMRN/ PIAMisocc)

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 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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monday|october 23, 2017