BusinessWeek Mindanao (October 28, 2016) by Mindanao Daily News

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 065

Market Indicators

As of 6:12 pm october 27, 2016 (thursday)

FOREX

PHISIX

US$1 = P48.515

7,445.14

21.3 cents

49.2

points

Briefly Consumer rights MALAYBALAY City — Department of Trade and Industry (DTI) urged the buying public to be more assertive of their rights against unfair sellers and traders who want to take advantage especially that the yuletide season has started. DTI Bukidnon Provincial Director Ermedio J. Abang said the data monitored from business establishments’ log showed common complaints such as shoddy goods and defective products. He encouraged buyers to ask official receipts or any proof of payment to help both buyers and sellers to speed up grievance redress process in case disagreement crops up. “When buying, even from the sidewalks, always demand a receipt to protect you in case you bought defective or substandard goods and products,” Abang said.

Oct. 31 a special holiday TO answer the queries of the public, October 31, 2016 which falls on a Monday is a Special Non-Working Day. The declaration is contained in Proclamation No. 1105 signed by then President Benigno Aquino III which specifies the list of regular and special holidays for the year 2016. October 31 along with the days of January 2, December 24 and December 31 have been declared additional special non-working days throughout the country in the aim of strengthening family ties by providing longer New Year, All Saints’ Day, Christmas weekends and will help promote domestic tourism

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Friday | October 28, 2016

By H. MARCOS C. MORDENO MindaNews

Wage Board conducts productivity seminar to livelihood beneficiaries

ALAYBALAY City -- At least three Chinese companies that have bagged bigticket infrastructure projects in the country during President Duterte’s recent state visit to China have “shady track records” in dealing with the Philippines, a partylist lawmaker said Wednesday. In a statement, Kabayan Rep. Harry Roque mentioned the China Road and Bridge Corp. (CRBC) that built the Catanduanes Circumferential Road, which “I questioned on behalf of my client, former Congressman Abaya.” “This is the famous case of Abaya v. Executive Secretary, projects/PAGE 11

By PAT SAMONTE Caraga Bureau Chief

ALL SAINTS DAY: A boy painted part of a tomb in an ‘apartment style’ public cemetery The majority of Filipinos are Catholic and observe All Saint’s Day on Nov. 1, with visits to the cemetery to offer prayers for the dead. (Photo courtesy of Romeo Ranoco)

PH eyes ME, Brunei as possible export markets for halal meat THE Philippines can start exporting next year halalaccredited meat to selected

markets abroad, including the Middle East and Brunei Darussalam. Beata Humilda Obsioma, officer-in-charge of Department of Agriculture’s National Meat Inspection Service (NMIS), said the

countr y already has its first halal slaughterhouse accredited as an “AA” abattoir located in Cotabato City. “By next year, we will upgrade the accreditation from double A to triple A, export/PAGE 11

TANDAG CITY, Surigao del Sur – In coordination with the Department of Labor and Employment (DOLE)Surigao del Sur Provincial Office, the Regional Tripartite Wages and Productivity Board (RTWPB) in Caraga conducted on October 18, 2016 a Productivity Enhancement Seminar for DOLE Integrated Livelihood and Emergency Employment Program (DILEEP) beneficiaries. Held at Villa Maria Luisa Hotel in Tandag City here, some 32 DILEEP beneficiaries associations from different municipalities participated in the activity. DOLE-Caraga said the DOLE Integrated Livelihood and Emergency Employment Program (DILEEP) is the department’s contribution to the government agenda of inclusive growth through massive job generation and poverty reduction. seminar/PAGE 11

SPMC coal plant’s second 150-MW in Malita operational next month By ANTONIO L. COLINA IV, MindaNews

PRICES UP. A woman harvests lilies in a farm in Davao City. Prices of flowers have gone up almost three-folds as the All Soul’s Day approaches. File Photo by Mindanews

Main Store: Prawn House Suites and Restaurant Regatta Square, Pueblo de Oro, Cagayan de Oro City Contact Numbers: 0915-959-4837 (Mobile) & 851-9014 (Landline)

First Branch: Prawn House Seafood’s and Restaurant Opol, Misamis Oriental Contact Number at 0975-381-4929 (Mobile)

DAVAO City -- The second unit of the 300-MW coalfired power plant of the San Miguel Power Corporation in

Malita, Davao Occidental will start operation next month, an official of the Mindanao Development Authority

Second Branch: Prawn House Seafood’s and Restaurant Centrio - Ayala Mall, CM Recto Avenue, Cagayan de Oro City Contact Numbers at 0917-367-0337 (Mobile) & (088) 323-6225 (Landline)

(MinDA) said. Eng r. Glen Resston, OIC progam of f icer of MinDA’s Mindanao Power Development Program told SPMC/PAGE 11

Third Branch: Prawn House Seafood’s and Restaurant Sayre Highway, Hagkol, Valencia City, Bukidon Contact Number at 0995-672-0181

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Economy

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DTI urges entrepreneurs Duterte to help ARMM strengthen its anti-poverty drive to invest in franchise MARAWI City -- President Rodrigo Roa Duterte will visit the Autonomous Region in Muslim Mindanao’s (ARMM) seat in Cotabato City on October 29, as the region’s top official sees stronger anti-poverty programs under the current administration. ARMM Governor Mujiv Hataman said President Duterte has previously expressed his desire to help the region’s drive against poverty and hunger. Based on latest data from the Philippine Statistics Authority, ARMM is the poorest region in the country with poverty incidence of 53.4 percent. Lanao del Sur and Sulu, two of the five provinces that comprise ARMM, are

considered the poorest and second poorest provinces with 70.2 percent and 61.8 percent poverty incidence, respectively. High on the list of ARMM re g i o n a l g ov e r n m e nt’s concerns – aside from peace and order – are food security and poverty. These issues are the focus of President Duterte’s first executive order that puts to task 12 government agencies. The 12 agencies on the forefront of the fight against poverty are Cooperative Development Authority; Hou s i n g an d Ur b an Development Coordinating Council; National AntiPo v e r t y C o m m i s s i o n ; National Commission on Indigenous Peoples; National

Commission on Muslim Filipinos; National Food Authority; National Youth Commission; Office of the PresidentPresidential Action Center; Philippine Commission on Women; Philippine Coconut Authority ; Presidential Commission on the Urban P o o r ; a n d Te c h n i c a l Education and Skills Development Authority. T he s e age nc i e s w i l l evaluate existing poverty reduction programs and, if deemed necessary, formulate a more responsive set of programs complementing existing ones, and channeling resources as necessary to reduce both the incidence and magnitude of poverty. Representatives of most

if not all the agencies listed above are expected to be part of the presidential party and would assess the region’s situation with the objective of determining if new programs and projects are necessary, or existing ones should be strengthened, based on local needs and availability of resources. It s h o u l d b e n o t e d that ARMM is currently undertaking several programs to combat poverty and these include the ‘Apat na Dapat’ initiative at the household level, and the ARMM-Health, Education, Livelihood, Peace and Security, and Synergy, poverty/PAGE 10

A TOTAL of 100 attendees including 30 OFWs p ar t icip ate in t he oneday awareness cum forum on Franchising entitled “Franchising Negosyo para sa Cagayan de Oro” was conducted last October 21, 2016 at the Mallberry Hotel, Cagayan de Oro City. The forum was conducted to provide aspi r i ng e nt re pre ne u rs with options in putting up t heir own business. On the other hand, the ac t iv it y a ls o s oug ht to help existing business that can be franchised, with pointers and tips on how to franchise. The activity was

organized by the D e p a r t m e n t o f Tr a d e and Industr y Provincial Office in partnership with the Philippine Franchise Association. Simultaneous with the activity is the Franchising Expo to be held at Centrio Mall, Cagayan de Oro from October 21-22, 2016. The expo featured businesses that could be franchised such as Minute Burger, 7-Eleven, Seaoil, Phoenix and Mount Alba. BPI also had a booth during t he e x p o as t he y of fe r credit windows for those who are interested to go into franchise. (Loraine Brillantes/DTI-MOR)

RPN Radyo Ronda Stations Nationwide

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

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

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

Undas 2016- To ensure a peaceful and orderly celebration of All Saints and All Soul’s Day, the city government of Cagayan de Oro will activate the Incident Management Team (IMT) starting October 30 until November 3. A coordination meeting with different concern agencies for the implementation of Operation Oplan Undas 2016 is then held on October 26. photo provided

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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CorporateWorld

Holcim earnings up in Q3 as construction boom continues

OLCIM Philippines, Inc. posted a 15% increase in third quarter earnings, as construction activity in the country boosted its sales during a period historically marked by a slowdown in cement demand. In a quarterly report released on Wednesday, the listed construction solutions provider said its net income climbed to P1.76 billion from the P1.53 billion booked for the same three months of 2015. “The improvements were

driven by sustained gains in operational efficiencies implemented at the start of the year and higher cement sales that led to revenues of P9.99 billion for the period,” Holcim said in a separate statement. The demand for cement expanded 11% year on year across the industry during the three months to September, according to internal estimates cited in the quarterly report. “ The overall cement demand was fuelled by the government’s increased

infrastructure investments and the private sector’s rollout of projects amid a healthy economy,” the company said. Holcim, however, booked flattish net sales -- P9.99 billion versus the P10 billion -- during the third quarter. The decline was arrested by a 4% decrease in the cost of sale to P6.64 billion from P6.93 billion. “Like any other company in the construction industry, the operations of HPI are affected by seasonality. Normally, during the months

starting December to May, demand for cement is greater than the rainy months from June to November,” Holcim said in the quarterly report. The company’s President and Chief Executive Officer Eduardo A. Sahagun, h a d a l re a d y f l a g ge d a “challenging” quarter in late July because of the effects of the seasonality of cement demand, among others. Still, the company kept its cumulative net sales at P30.81 billion or 10% above the P27.99 billion registered for the same nine months

in 2015. This translated to a 19% surge in net income to P5.43 billion from P4.56 billion. “C ost of goods sold grew at same pace with volume growth supported by higher local production, implemented operational efficiencies and margin optimization initiatives,” Holcim said. Earnings per share accordingly stood at 84.1 centavos compared with the 70.6 centavos recorded a year earlier. Holcim remains positive

that demand for cement will continue to increase amid the government’s thrust to accelerate spending on public infrastructure and develop the countryside. “To support the country’s development and focus on i nf r ast r uc ture, Holci m Philippines has implemented projects to increase its annual cement production capacity to 10 million metric tons up from 8 million, and has introduced a range of innovative construction solutions to the market,” its statement read.

G L O B E Te l e c o m , i n partnership with Molave Development Foundation, launches App Challenge Cebu 2016 to encourage the creation of educational Android apps that will teach K-3 pupils about reading and writing in Cebuano. “We want to advance Globe Telecom’s education initiatives by coming out

with top-quality content in learning areas that are underserved. The tri-lingual system is a key cause of lack of basic reading comprehension. With poor reading skills, students are ill-equipped to learn other key subjects such as Math and Science. Literacy in the mother tongue is an essential component in the foundation of early learning.

Thus, we didn’t hesitate to accept the request of Molave Development Foundation to mount an app challenge encouraging developers to create an educational app that can teach K-3 students about reading, writing, and comprehending Cebuano,” said Michelle Tapia, Head of Education and Digital Learning under Corporate

St r at e g y an d B u s i n e s s Development Group of Globe. At present, a lot of students have minimal-to-no usable material for in-classroom learning or for self-study especially for fundamental skills like mother tongue literacy in K-3, thus, while they are able to speak and to understand their main

language or dialect, their reading and writing abilities are limited. On the other hand, many teachers all over the country are saddled with additional work on content development to compensate for the lack of available good-quality materials instead of being able to focus on improving student outcomes.

Cebuano is among the pre-identified major Mother Tongues for instruction, according to the Department of Education. The language is the second most widely used language, after Tagalog, and is spoken by 21 million Filipinos. The apps are expected to help address the problem by globe/PAGE 10

Globe, Molave App Challenge Cebu 2016: Helping children read and write in Cebuano

Opinion

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Davao City driver: beauty of a humble heart

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

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Do You Have Connections? Think a minute…A cartoon showed a thief wearing a mask and pointing his gun at a frightened woman. He yelled at her: “Give me your valuables!” The woman in the cartoon grabbed her FRIENDS, and started putting them into the bag. Clearly, the person who drew that cartoon understands the value of friendships. For you and I to have success and happiness, we must have close connections with other people. Everybody needs somebody. There are few things as lonely and sad as going through a painful experience all alone. One wise man said: “Friendships are the food of life. To love and be loved is the greatest success and happiness there is.” Robert Louis Stevenson stated: “No person is a failure, if he has a friend.” And one guy said, “A major goal in my life is to end up with eight friends who are willing to carry my casket.” At the end of our life, it’s not how much money we have that shows our worth, but the number of close friends we still have. Not only should our friendships be close and caring connections, they should be constr uctive connections: friends who

THINK

A Minute

Jhan Tiafau Hurst build you up, instead of pull you down. We can’t choose our relatives, but we can choose our friends. So choose your friends carefully. They will either make you or break you! Make sure your good friends are good people—who make you a better person. And remember, friends are not just a way to get what we need, they ARE what we need! If all you need friends for is to use them to get something else, then that’s all you’ll end up with: something else and no friends. God gave us things to use, and people to love and enjoy. So do you have connections—true friends who care? It starts with the best friend you’ll ever have. He loves you so much He gave His life to share it with hurst/PAGE 11

LIFE’S INSPIRATIONS: “… `But the things that come out of a person’s mouth come from the heart, and these defile them’…” (Jesus Christ, our God and Savior, in Matthew 15:18, the Holy Bible). -ooo THE BEAUT Y (AND BENEFITS) OF A SINCERE AND HUMBLE HEART: D on’t lo ok now but it became quite clear to me, on Saturday, October 22, 2016, that President Duterte would not be the only source of rightful pride among residents of Davao City nowadays. Even a simple van-forhire driver like Manuel Toniacao is making Davao City truly proud, not with g randios e p osit ions or fabulous wealth, but with a delightfully humble and sincere heart that is willing to sacrifice just to keep the integrity of his work and his customers satisfied. You see, a friend of his arranged that Manuel would be acting as the driver of the van that would take us to a wedding and to the subsequent reception which was supposed to be

participated in by President Duterte, no less. We agreed with Manuel’s friend that I would be charged P1,100.00, for transporting me, my wife, Judge Angelina Mauricio, and our daughter, Atty. Luisa, from our hotel, to the church, to the reception, and then back to the hotel. -ooo DRIVER WILLING TO SACRIFICE FOR H I S PA S S E N G E R S : Unfortunately, the reception took all of four hours to complete, which, unknown to me, was way, way beyond the carbarn time for the van. When Manuel was taking us back to the hotel, his bosses called him, and told him that I should be made to add P1,400.00 more as our fare (or a total of P2,500.00) for the length of time he and the van waited. He asked me to talk to his bosses, and, of course, I insisted on paying only the amount that I agreed to pay, which is P1,100.00. The bosses refused to accept my payment, compelling me to say I am not paying the added amount. A few minutes later, Manuel received another call from his bosses, where I

heard him talking in Visayan. I did not fully understand what he was saying, but I got the drift: to avoid f u r t h e r c ompl i c at i ons , Manuel decided that he would be the one to shoulder the additional P1,400.00, certainly a big amount for him, which he would be able to pay by appropriate deductions from his 13th month pay in December. -ooo GOOD HEARTED AND DEDICATED WORKER: When I asked w hy, he said that although he was supposed to return the van at 5 pm, he did not do so because my family and I were still at the reception. He chose to simply wait for us. “It was my work at stake,” Manuel said. All the while that he was talking to us, he was calm, respectful, without raising his voice one bit. When I fully understood what he was trying to do, something snapped in my heart. I thought then that a good-hearted and dedicated worker like him should not be penalized for upholding the dignity of his work, and for looking after the comfort and welfare of his customers.

K akampi

Mo A ng Batas

Atty. Batas Mauricio -ooo THERE IS STILL MUCH GOOD AMONG FILIPINOS: Then and there, I handed him P3,000.00 to cover the transport fee, plus a little extra for his display of his beautiful character. When he tried to refuse the added money, I told him, it was my way of thanking God, because He showed me, by his example of humility and willingness to sacrifice, that there is still much good left in the heart of many Filipinos. If you are travelling to Davao City, it may be worth your while to call Manuel, so he can be your driver. His number is 0946 006 0299. Thank God in the Name of Jesus.

Abstracting and transcending We h a v e t o b e m o r e aware of these spiritual operations that are involved in our thinking, judging, reasoning and, of course, in our praying, desiring, wishing, and many more human acts. These spiritual operations have requirements that have to be met, and they can be tough, considering our human condition that is wounded and weakened by sin. The y a ls o ne e d appropriate dispositions that have to be developed, and they can be difficult to acquire, given a general atmosphere that is unfriendly and unhelpful to such dispositions. They have their proper source and end that obviously can only be God. And again, considering the way things are in the world at present, this prop e r s ou rc e and e nd may not be known and properly appreciated. In fact, there are signs that it is ridiculed. To a b s t r a c t i s t o d i s c e r n t h e e s s e n c e of things from their external incidentals or the sensible and tangible properties of t h e s e t h i n g s . T h at’s what we do whenever we say, for example, that something is a chair when w e s e e s om e t h i n g t h at looks like a chair and is

used as a chair. When we abstract, we get what is t he univers a l pr inciple behind things, removing it from the particularizing or singularizing properties and qualities of those things. In other words, we consider things as they are in their ultimate status and identity, without getting u n du ly e nt ang l e d w it h their properties, qualities, a n d o t h e r i n c i d e nt a l s . When we properly do the process of abstraction, we avoid what Christ warned us about with respect to judging things through appearance alone. “’o not j u d g e b y a p p e a r a n c e ,’ he said, ‘but judge with r i g h t e o u s j u d g m e n t ’” (John 7:24). To transcend is to go b e y on d a c e r t a i n l e v e l without necessarily leaving that level. In this article, I refer to going b e yond t he material to enter into the spiritual world without leaving the material or going beyond t h e n at u r a l t o g o i nt o the supernatural without leaving the natural. This power to transcend has something to do with what Christ once said, “Do not store for yourselves treasures on earth where moth and rust consume and where thieves break in and stead, but store up

for yourselves treasures in heaven” (Matthew 6:1920). These spiritual operations are crucial for us to get in touch with the ultimate dimensions and causes of what we consider to be reality, and of course, in the last analysis, to get in touch with God. I am af raid t hat t he younger generations today have practically lost these capacities to abstract and to transcend. Many people are mainly guided only by their senses, their feelings and primitive instincts. They do not seem to have b een weaned f rom that level. Nowadays, many are trapped by the allurements of the new technologies. Instead of liberating them f rom the limitations of the previous generations, these technological mar vels have made the current generation as their slaves. From time-savers, these technologies have become time-wasters. Thus, they easily fall into narrow-mindedness and bigotr y in their thinking, and rigidity in their ways. They are into a free-fall into selfindulgence. It goes without saying that they find no value in praying and in cultivating a life of piety. They are at the mercy of

HINTS

and

Traces

Fr. Roy Cimagala the worldly things. They have lost the sense of the sacred. It’s a b i g c h a l l e n g e to parents and teachers a n d t o a n y a u t h o r i t y, i n c l u d i n g t h e C hu r c h , to recover these crucial human abilities. I would say that nothing less than a miracle is needed here. Thus, we need to do a lot of prayer and sacrifices for this intention, begging God to intervene in a more dramatic way. In the meantime, it would be good for individuals to appreciate once again the value of abstracting and transcending, and for families and schools to create the proper environment and systems that would facilitate the l e ar n i ng of t he s e b as i c human skills. roycimagala@gmail. com.

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Kapihan sa Department of Education launched By Joe Palabao

With the presence of the Tri-Media, City School Division Heads and key personnel, Presidents of PTA and PTA Federation Officers of the City Schools Division in Cagayan de Oro-Department of Education 10 had successfully launched the “KAPIHAN SA DEPARTMENT OF EDUCATION last October 14, 2016. Spearheading the Kapihan was Dr. Reynaldo E. Manuel, Jr., the Assistant Schools Division Superintendent (ASDS), Rosalio R. Vitorillo, Chief of School Governance & Operation Division (CSGOD), and Chief of Curriculum Implementation (CID) Mary Ann M. Allera.

“Kapihan sa DepEd” of the City Schools Division in Cagayan deOro is a bi- monthly forum and venue to address the different issues, concerns and memoranda issued by the City Division to the schools such as the regulated and or banning of the usage of cell phones of the students in school premises, disciplinary measures to students that should be coupled with kindness, care, love and utmost attention. Kapihan also discussed the handling of the occurrence of infectious diseases that besieged to some schools of the city. The utmost security of the students and

City Schools Division Heads

teachers with regards to recent morbid incident which occurred and witnessed by students in a school in the city. Furthermore, Kapihan sa DepEd is also a venue to discuss positive and proactive measures to filter news and for the

reporters to pass to proper channels when reporting to protect, the institution, the community, the teachers, individuals and the students as well – and the sensitive issue on the menace of drugs that are a threat to the students, school personnel of the different schools of the city. Present also were Vice President Federated Parents Teachers Association (PTA) Ariel P. Mercado, PTA Association President-Eugene Maghuyop, Gesine C. Conales-Fed. PTA BM, Abrahan H. Slawan-Fed. PTA Board Member, Norman Prado FGPTA Board Member and Rey

Maglangit-FGPTA P.I.O. With the presence of the Tri-Media – DepEd CDO Press Corps was organized and elected its own set of officers. The newly elected officers will safeguard the issues and concerns and to continuously work with the City Schools Division and make worthwhile news relevant to the issues of the times. Furthermore, activities and events of the City School Division will be reported through trimedia. Elected President-Ms. Charmaigne Tamsi of Bombo Radio, Vice PresidentMenzie Montes of

Magnum Radio, Secretary-Rowena Fernandez of UNTV, Treasurer-John Paul Barsopia-Mindanao Entertainment Newspaper/COPC and AuditorJoe Palabao of BusinessWeek Mindanao and Mindanao Daily News. The newly elected officers of DepEd CDO Press Corps will be inducted by Mayor Oscar S. Moreno-October 28, 2016 during the City Division Management Committee Meeting. Facilitating the successful launch were Dr. Desvold Mark Awes, Dr. Rose Mary D. Sudaria, Eleanor H. Rollan and Jimboy S.Eugenio.

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Banking&Finance

Security Bank lines up 20 new branches By CARMELITO Q. FRANCISCO, Correspondent

sure we get that fair share of that growth,” Security Bank President Alfonso L. Salcedo, Jr. said at the same media briefing. Mr. Salcedo said the bank is targeting to have a network of about 500 branches nationwide within the next five years as part of its business plan “to accelerate the retail side.” In growing its retail lending sector, Mr. Salcedo said they are tapping the know-how of the Bank of Tokyo-Mitsubishi UFJ, which acquired in January this year 20% of Security Bank.

“It (Bank of TokyoMitsubishi) also specializes on this segment of the market,” Mr. Salcedo said. Among the factors considered by the bank in putting up a branch is the potential volume of deposits and growth of a certain area given real estate developments and the presence of small and medium enterprises (SME). “When we open a branch... we have to study the deposit level and the feasibility to meet our target market,” Mr. Cham said. “You see condominiums, a lot of office buildings for the SMEs.”

AVA O C i t y - Security Bank Corp. has programmed to open 20 new branches in different parts of Mindanao within the next two years, top company officials said. Leslie Y. Cham, executive vice- president and branch banking group head, told media here last week that Security Bank is eyeing major and secondary cities as well as growing municipalities in the southern island, including Davao, Cagayan de Oro, Kidapawan, Tagum,

Tacurong, Butuan, General Santos, Mati, Cotabato, Midsayap, and Zamboanga. “If you look at the number in terms of the branch expansions, 30% would be in Mindanao,” Mr. Cham said. There are currently 23 Security Bank branches in Mindanao, with two more set to be opened by the end of the year -- one each in the cities of Valencia and Ozamiz. “Businesses are looking at Mindanao. We want to make

Bangko Sentral revises rules on dormant accounts, bank fees

Yuan approved as BSP reserve currency

THE Bangko Sentral ng Pilipinas (BSP) has revised the rules on dormant deposits and bank fees to further protect the public. Currently, bank accounts that are considered dormant are those that have no deposits or withdrawals for about two years. Dormant fees range from about Php 200 and above per month. However, the BSP said its policy-making Monetary Board (MB) has revised the rules and now require banks and non-stock savings and loan associations (NSSLAs) to implement a monthly dormancy fee not higher than Php30. The fee can only be imposed “if there is no deposit or withdrawal from the account for five years, if the deposits is below the minimum monthly average daily balance, and if the rules/PAGE 10

THE BANGKO SENTRAL ng Pilipinas (BSP) has included the Chinese renminbi as a reserve currency, following the International Monetary Fu n d ( I M F ) ’s d e c i s i on earlier this month to accept the yuan in its basket of benchmark currencies. The decision also comes at a time of the Philippines’ “increasing economic l i n k a g e s w i t h C h i n a ,” BSP Governor Amando M. Tetangco, Jr. said in a statement. Mr. Tetangco said on Monday that the Monetary Board has approved the inclusion of the renminbi as one of the official currencies for the Philippines’ gross international reserves (GIR) effective Oct. 13. The IMF on Oct. 1 took the Chinese unit as part of its reser ve basket of currencies, which is used as the basis in measuring how much an economy can claim under the Special Drawing Rights (SDR). The central bank likewise

took note of the “rising economic and financial importance” of China in the global economy, along with expectations that there will be increased use of the renminbi in financial transactions. President Rodrigo R. Duterte has signalled warmer relations with China during his four-day visit to Beijing last week, and even went as far as announcing a “separation” from the United States’ military and economic hold. Members of the Cabinet -- and even the President himself -have since clarified that the statement did not mean severing ties with the world’s biggest economy, but merely called for greater focus in pursuing closer ties with China and other Asian economies. Citing data from the Philippine Statistics Authority, the BSP said C hina is c u r re nt ly t he fourth largest destination of Philippine exports at 10.2%

of the total, amounting to $3.2 billion as of end-July. In turn, Chinese imports stand at $8.4 billion as of end-July, or 18.5% of total inbound shipment thus far. China is also the country’s third biggest market for tourists as of end-August as it accounted for nearly 12% of total visitors so far, data from the Department of Tourism Web site showed. The People’s Bank of China moved to include t h e y u an i n t h e I M F ’s reserve basket following a series of reforms which the monetary authority took to boost the currency. The multilateral lender started formal discussions in 2015. With the approval, the Chinese unit joins the US dollar, the Japanese yen, the euro, and the British pound as among the global measures for a country’s potential claim to the “freely usable” currencies held by the IMF. In November last year, yuan/PAGE 10

7 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274

METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057

ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893

METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162

BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075

METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721

BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637

METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924

BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796

METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731

BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405

METRO BANK- GAISANO 8561720

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

PLANTERS DEVELOPMENT BANK

Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081

SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632

EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331

STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168

ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060

Groundwater level problem. To address the possible problem of groundwater level in the coming years due to future impacts of climate change, the National Water Resources Board (NWRB) along with Japan International Cooperation Agency (JICA) turns over nine groundwater monitoring wells to eight public schools through the local government of Cagayan de Oro on October 25 at Carmen National High School.The monitoring wells will be used for the collection of water level and water quality specially during the dry and wet season.(CIO/PIA10)

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558

METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO

Capistrano Corner CruzTaal St. CDO 8524099/722695

UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242

BusinessWeek

Lifestyle

MINDANAO www.businessweekmindanao.com

Friday | October 28, 2016

Zonta Celebrates United Nations Day Last Saturday, Zonta Club 1 of Cagayan de Oro celebrated United Nations Day at Limketkai Luxe Hotel. As an international organization, we support the United Nations. Zonta is partnering with some United Nations agencies for projects focusing on gender equality and empowering

women. Together with this event was the induction of our new members as well. Zonta is supporting the United Nations to eliminate fistula, to improve health in Liberia, to delay child marriage in Niger, to address human trafficking in Nepal and also to create

opportunities for girls so that they may have a good education and safe environment. Zontians came in beautiful costumes from the Philippines, Japan, India, Canada, China, Hawaii and Vietnam were just some of what the ladies wore. Everyone had a great time bonding.

Back from left to right: Zonta Club 1 of Cagayan de Oro. Chona Balanquit, Imee van der Born, Evelyn Chiu, Lina Faburada, Sharon Elizaga and Denvi Cabrera ; Middle from left to right: Roena Bince, Julie Ang, Sarah Borja, Sheryl Pacheco, Michelle Francisco, Bebotte Chu, Grace Go, Belen Elizaga, Lily Lim, Aleli Ramirez, Nenita tan, Carol Neri; Front: Telly Pacheco and my mother-in-law Rosalinda Francisco

From left to right: Sharon Elizaga, Carol Neri, Denvi Cabrera, Belen Elizaga and Michelle Francisco

Atty. Aleli Ramirez, Michelle Francisco and Sheryl Pacheco

From left to right: Sarah Borja, Sharon Elizaga, Imee van der Born, Sheryl Pacheco, Grace Go, Evelyn Chiu, Chona Balanquit, Bebotte Chu, Carol Neri

Wearing a Terno by Gil Macaibay; Hair and make-up by Pitimini Salazar; Clutch bag by Hindy WeberTantoco

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friday|october 28, 2016

Poverty... from page 2

or HELPS, at the barangay level. “These two programs are specifically designed to address the roots of poverty,”

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friday|october 28, 2016

Gov. Hataman noted. Apat na Dapat, which focuses on 600 of the region’s poorest families, was launched in January 2016. “We hope that the national government would help us bridge the gaps in the

programs we are currently implementing,” Átty. Laisa Alamia, ARMM Executive Secretary, said. The regional government, she noted, has earmarked P240 million for the i mpl e me nt at i on of t he program in 2015-2016. There will be 15 pilot municipalities – three in every province of the ARMM – with 40 of the poorest families as beneficiaries in each municipality. The program will follow t h e “fou r- for- t h e - p o or formula,” which zeroes in on the four basic needs, namely food, water, light, and shelter. “Any household that lacks even just one of these four is at great risk of being poor,” Gov. Hataman noted. The program is under the ARMM’s Bangsamoro Regional Inclusive D e v e l o pm e nt P ro g r a m for Sustainable Growth and Equity, which helps strengthen local governance and empower communities in the region. ARMM-HELPS, on the other hand, is a banner EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND KNOW ALL MEN BY THESE PRESENTS: Th i s EXTR A- JU D IC IAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE is made and entered into this ___day of______ in the City of Cagayan de Oro, Philippines, by and between: HEIRS OF THE LATE CRESENCIO A. CAINGLES, represented by his legal wife, NORMA CAINGLES, IMELDA P. CAINGLES, NORMANCRES P. CAINGLES, and PHILIP P. CAINGLES, all of legal age, Filipino citizen, with residence and postal address at Zone 1, Bulua, Cagayan de Oro City, hereinafter referred referred to as the HEIRS/SELLERS; and PHILIP P. CAINGLES, of legal age, Filipino citizen, married, with residence and postal address at Zone 1, Bulua Cagayan de Oro City hereinafter referred to as the BUYER/VENDEE; That the above-named parties are all of legal age, are legitimate children and legal Heirs or sole Heirs of the deceased, CRESENCIO A. CAINGLES, who died on MARCH 01, 2012 at Davao City, That the said deceased, at the time of his death, left a Parcel of Land situated in Kauswagan, Cagayan de Oro City and more particularly described as follows: A PARCEL OF LAND (Lot 1337-K-6-Q), Psd-10-013461, being a portion of Lot 13376-K-6, Psd-10-010353) situated in the Barrio of Kauswagan, Cagayan de Oro City, Island of Mindanao, Bounded on the E., along line 5-1 by Lot 1337-K-6-R., on the S. along line 1-2 by Lot 1337-K-6-F., along line 2-3 by Lot 1337-K-6-E., on the W., along line 3-4 by Lot 1337-K-6-P., all of the Subdivision plan Psd-10-013461., on the NE, along line 4-5 by Lot 1337-K-16, Psd-10-010353 (Road Lot 12.00 M. Wide). Containing an area of ONE HUNDRED EIGHTY (180) SQUARE METERS, more or Less, declared in the HEIRS of CRESENCIO A. CAINGLES is the subject of “EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF PARCEL OF LAND”. Under the Notary Public of EMELITO J. MARQUINO, per Doc. No. 238; Page No. 47; Book No. XIII; Series of 2016. BWM: Oct 28, Nov 4 & 11, 2016

program of the Office of the Regional Governor that aims at establishing a peaceful and secure environment in the region by providing basic social services especially in relation to health, education, livelihood, good governance and peace in barangays. ARMM-HELPS was l au n c h e d i n Fe b r u a r y 2013 and is designed as a convergence initiative of the regional government. The program’s different c omp on e nt s are b e i n g implemented by the line agencies. (Bureau of Public Information/PIA-10)

Globe... from page 3

teaching the half-a-million Cebuano children their native alphabet and helping them build their vocabulary, among other things, through various activities. Learning concepts will focus on colors, numbers, shapes, family members, and/ or body parts. To qualify for the App Challenge, interested parties need to form a group of 3-4 members with at least one member who is fluent in Cebuano. Teams may register at http://bit.ly/ AppChallengeCebu2016 and submit their proposal by November 10, 2016. Teams based outside Cebu are expected to travel to Cebu for the Pitch & Awarding at their own capacity. The project proposal, which has to be in PDF format of two pages or less, should explain the following: how the Android app will respond to the required functionality, how it will appeal to the target audience of K-3 children and their parents, any additional features or ideas to achieve the app’s learning objectives, and illustrations and graphics that depict the concept. The top five qualifiers will be announced on November 11 and will be invited to attend a one-day online workshop via Brightspace on November 14. Technology and learning experts from Globe Telecom, Molave Development Foundation, and IREX will also participate in the online workshop to mentor the qualifying teams. The qualifiers may use Globe Labs Application Program Interface (APIs) for SMS, Voice, Charging, Sp ons ored Access, and Location-Based Services to create their app. To access the API, they have to register with Globe Labs at http:// w w w.g lob elabs.com.ph/ community. Live Beta version of the

app must be 70% completed and will be presented during the face-to-face Pitch Day in December in Cebu. Winning Android apps are expected to be completed by March 31, 2017 and must be published to the Google App Store. It will also be disseminated to the network of libraries and schools in the country. The first prize winner will receive P100,000 for funding development, a special gadget for each team member, longterm advisory with Molave and Globe Labs, and an audience with Kickstart Ventures, Inc., a fully-owned venture capital firm of Globe. The rest of the participants will be given tokens and consolation prizes. The apps will be judged based on the following criteria: features – 30%, quality of design – 15%, feasibility/sustainability – 15%; appropriateness (content, learning outcomes) – 30%; and uniqueness – 10%.

Yuan... from page 7

BSP’s Mr. Tetangco said increasing the amount of renminbi reserves could be an option for the central bank in order to diversify the country’s portfolio, adding that the inclusion of the currency as a reserve unit could also benefit Chinese and Filipino traders. The BSP holds $1.18 billion in SDR as of endSeptember, which forms part of the country’s $85.9-billion gross international reserves.

Rules... from page 7

depository bank or NSSLA has complie d wit h t he notification requirements,” it said. Banks are now required to notify dormant accounts holders of the situation in three instances. First is before the start of the dormancy period; second, when the dormancy fee will be imposed; and third, when the account will be placed

under escheat or when it will reverted to the National Treasurer in line with the Unclaimed Balances Act. The BSP said a depositor must be informed through mai l, cour i e r d elive r y, electronic mail (e-mail) telephone call and other means 60 days before the account becomes dormant and 60 days before the imposition of dormancy fees. For escheat, banks are required to inform owners of soon-to-be dormant account of the process 60 days before the proceedings commence. B an ks are now a ls o required to post fees of their products and services on their web sites and in conspicuous places in banks. “Clients are granted the opportunity to manifest objection to amendments to fees’ terms and conditions and the right to exit the contract without penalty,” the BSP said. Meanwhile, the central bank said new regulations were also approved for domestic fund transfers or remittances. Under the enhanced rules, only the sender should be charged the service fee. “This enables determination of the exact amount to be received by the beneficiary and allows consumers to decide on the most cost-efficient means for remitting money,” the BSP said. The central bank said the new rules would take effect six months after the publication of these on a national daily but “the notification requirements and record retention of accounts subject to escheat shall be effective 15 days after public to cover the next round of escheat in January 2017.” “ T h e B SP f o s t e r s a robust consumer regulatory env ironment to enable citizens to make wiser financial decisions and to contribute actively to the promotion of Financial Stability,” it added.

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friday|october 28, 2016

Projects... from page 1

which was used by GMA (Gloria Macapagal-Arroyo) in justifying the NBN-ZTE deal. This was the decision that the Supreme Court ruled that foreign-funded projects in the form of treaties did not comply with public bidding,” he recalled. “It took me a long time but this ruling in Abaya has finally been reversed in the ruling involving Sinomach or North Rail. The Court finally correctly ruled that projects pursuant to treaties did not comply with government procurement law. And that the North Rail contract, because it is not a treaty, it is not between states and it is not governed by international law, should have complied with international law,” he added. CRBC signed a contract with the Bases Conversion and Development Authority to develop the Bonifacio Global City-Ninoy Aquino International Airport segment of the Metro Manila Bus Rapid Transit-Edsa project. Since 2009, the World Bank has banned CRBC from all its projects for alleged irregularities in the bidding for the first phase of the Philippine National Roads Improvement and Management Program (NRIMP 1). Roque also mentioned China CAMC Engineering, a subsidiary of Sinomach which he sued in invalidating the North Rail contract. Third on the lawmaker’s list is CCCC Dredging Company, the largest dredging company in the world and the same firm which reportedly built the artificial islands in the disputed West Philippine Sea. The company signed a memorandum of understanding with Mega Harbour Port for the Cebu International and Bulk Terminal project. “So we need to be on guard. We need foreign investments, but we need to make sure, too, that our laws, particularly our procurement law, are respected to the letter,” Roque, who joined Duterte’s state visit to China, said. “To reiterate, I support the President’s position on his independent foreign policy, and I believe this was the reason why I was invited to form part of the delegation. But that I would like to point out that, by pursuing an independent foreign policy, my interpretation is that we will also be independent from a country like China,” he said. The lawmaker further noted that the talks between the President and the Chinese president on t he West Philippine Sea went behind closed doors. “So we don’t really know what happened to the oneon-one meeting, although I understand it lasted for almost two hours. But with the Chinese premier, the President brought it up. He said that ‘we have our

disagreement over the West Philippine Sea, I come here not to quarrel about it but I’m saying that we need to resolve this soon’,” he said. Roque said that based on information he got from other members of the delegation, w h at e v e r c o m m i t m e nt Duterte obtained from China was not reduced into writing and not formally announced over disagreement on the use of words. “We do not want the word ‘allow’ and ‘permit’ to be used by China because the ruling of the Arbitral Tribunal is that Filipinos and Chinese and Vietnamese can look forward to the Scarborough Shoal as traditional fishing grounds. And I understand that is what has kept them from reducing into writing this agreement that would resume the fishing of our fishermen in Scarborough Shoal,” he explained. “My personal observation of the President’s trip is that the entire trip is really to facilitate resumption of fishing in Scarborough. Note that the two other decisions of the Arbitral Tribunal that the claim to historic waters is contrary to international law and that the artificial islands are within the Exclusive Economic Zone are matters really that need not be agreed upon. “What the Tribunal said is absolutely binding on both the Philippines and China. On the artificial islands, the Tribunal was very clear, since these artificial islands are built within our EEZ, only the Philippines can build these islands. The translation there is that we own the artificial islands. “But when China will actually cease to use these artificial islands as military bases, of course, is something that will have to be agreed upon. But make no doubts about this, we do not need to negotiate on the status of these islands,” he said.

Export... from page 1

meaning, that slaughterhouse can export (starting) next year,” she said. Obsioma stressed that meat of halal animals such as cattle, goats and sheep can be exported. She said the Philippine government shall conduct negotiations with gove r n m e nt s of t arge t markets. It is then up for local businesses to export. “These (markets) depend on business-to-business negot i at i ons . What we target are our neighboring countries like Brunei. We already exported before to Brunei; we can revive that. Then in the Middle East, there are many opportunities there so those are possible markets for halal,” she added in an interview. Apart from meat, Obsioma further said certified halal livestock products in Mindanao also offer huge potential for exports. “Mindanao is the center of corn production. For our livestock and poultry, the production and processing

should be there and then we export,” she said. (PNA)

Seminar...

from page 1 It a d d e d t h at t h e Productivity Enhancement program is a capacitybuilding intervention for DOLE livelihood beneficiaries on quality and productivity improvement to enable them to effectively manage and sustain viability and competitiveness of their businesses. Wage Board Secretart y VI Earl Dela Victoria and Atty. IV Mahinay led the productivity training. Topics taken up were: 1) Basic Productivity Concepts; 2) 5S of Good Housekeeping; 3) Stock C ontrol; 4) Bookkeeping; and 5) Basic Business Ethics. DOLESurigao del Sur Provincial Head gave inputs on DILEEP program and the process on how to avail of the program. Dela Victoria stressed that “Productivity Enhancement Program given to DOLE livelihood beneficiaries is one of the tools in sustaining business viability. We are providing concepts and ideas on productivity so that associations with livelihood projects will soon bloom and become full-blown business enterprises.” “ RT W P B - C a r a g a i s c o m m i t t e d t o p rov i d e different productivity tools to MSMEs in the region,” Dela Victoria added.

SPMC...

from page 1 reporters during the Energy Smart Mindanao 2016 at the Park Inn by Radisson Davao on Tuesday that the second unit with 150 MW capacity will further boost the Mindanao grid. The first 150 MW unit of the SMPC was commissioned in June 2016 and has since been generating power at P1.60 kilowatt per hour to “a very few electric cooperatives” and power utilities, he said. He added that SMPC is not fully contracted. Its combined capacity is 300 MW but can be expanded to 600 MW, according to Reston. He said the Aboitizowned Therma South Inc. (TSI) tapped the first unit of the SMPC when one of the units of its 300MW coalfired power plant in Brgy. Binugao in Toril, Davao City bogged down during summer months. Filinvest Development Corp.’s 405 MW coal plant, Cagayan Electric Power and Light Company Inc.’s embedded capacity of 155 MW, and Aboitiz Power’s Manolo Fortich Hydropower Project with 68 MW in Bu k idnon w i l l a ls o b e connected to the grid before yearend, according to Reston. By end of 2016, Reston said they foresee over 1,000 MW in power surplus. He said they hope to address this by putting in place an electricity market that will provide a mechanism to reallocate the excess power to underser ved areas of Mindanao. Filinvest Development

Corp.’s 405 MW coal plant, Cagayan Electric Power and Light Company Inc.’s embedded capacity of 155 MW, and Aboitiz Power’s Manolo Fortich Hydropower Project with 68 MW in Bu k idnon w i l l a ls o b e connected to the grid before yearend, according to Reston. Art Milan, senior vice president of Davao Light and Power Company (DLPC), said Tuesday that Mindanao will have a power surplus for the next five years “assuming that the demand will grow at an average of six percent a year.” He p u s h e d f o r t h e interconnection of Visayas and Mindanao grids and electricity market to supply the surplus to Visayas island that is currently tight on power. “(We need) to establish the Mindanao Wholesale Electricity Spot Market, so excess capacity can find a place where to sell the capacity. Without which, they have to shut it down,” he said. He added that opening the island to the electricity market will be attractive to investors since it will allow them to put

up plants anywhere in the Philippines and distribute power across the country. However, he said the only catch is that the AgusP u l a n g u i Hy d r o p o w e r Complex must be privatized first before the wholesale electricity market can take place under the Energy Power Industry Reform Act (EPIRA) of 2001. The Agus-Pulangui Hydropower Complexes comprises more than half of Mindanao’s source with an

installed capacity of 982 MW. The entire Agus-Pulangui Hydro Power Complexes comprises seven plants - Agus 1, Agus 2, Agus 4, Agus 5, Agus 6, Agus 7, and Pulangui 4. The EPIRA, which created the Power Sector Assets and Liabilities Management (PSALM), PSALM, excluded Agus-Pulangui from privatization for a period of 10 years beginning in 2001. The PSALM placed it for privatization by 2017.

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 November 4 & 5, 2016 (Friday & Saturday) at 9:00 A.M. to 5P.M., this establishment will set an Auction Sale on all pledges since June 2016. Patrons are enjoined to verify their receipts. MANAGEMENT PAHIBALO Sa Nobyembre 4 & 5, 2016 (Bernes ug Sabado) sa may 9:00 sa buntag paingon sa alas 5:00 sa hapon, ang tanan nga penirenda nga wala malukat sa bulan sa Hunyo 2016 maapil sa subasta. Giawhag ang tanan suki sa pagsusi sa ilang resibo. BWM OCT. 28, 2016 ANG TAGDUMALA GREAT VALUE PAWNSHOP V. Catro St., Carmen, Cagayan de Oro City NOTICE OF AUCTION Starting November 4 & 5, 2016 (Friday & Saturday) at 9:00 A.M. to 5P.M., this establishment will set an Auction Sale on all pledges since June 2016. Patrons are enjoined to verify their receipts. MANAGEMENT PAHIBALO Sa Nobyembre 4 & 5, 2016 (Bernes ug Sabado) sa may 9:00 sa buntag paingon sa alas 5;00 sa hapon, ang tanan nga penirenda nga wala malukat sa bulan sa Hunyo 2016 maapil sa subasta. Giawhag ang tanan suki sa pagsusi sa ilang resibo. ANG TAGDUMALA BWM OCT. 28, 2016

EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH ADJUDICATION OF OWNERSHIP BY HEREDITARY SUCCESSION KNOW ALL MEN BY THESE PRESENTS: This Extra-judicial Settlement of Estate with Adjudication of Ownership by succession is entered into by the undersigned children of ZOTICO CARILLO said father died without leaving a Will nor incurred indebtedness during his lifetime; That Zotico Carillo under the Last Will and Testament of his father Victor Carillo had been devised 18 parcels of land which are herein described: T.D. NO.: LOT NO.: AREA: LOCATION: 0011128 2175 1.0583 Alibujo, Tupsan-Pequeño, Mahinog; 0011134 .6023 Alibujo, Tupsan-Pequeño, Mahinog; 0011151 3345 .1880 Alibujo, Tupsan-Pequeño, Mahinog; 0011315 3306 .2109 Alibujo, Tupsan-Pequeño, Mahinog; 0011372 2025 .2025 Taoctoc, Tupsan-Pequeño, Mahinog; 0011506 1091 .0445 Tupsan-Pequeño, Mahinog; 0011581 .0480 Tupsan-Pequeño, Mahinog; 0011725 3256 .2172 Tupsan-Pequeño, Mahinog; 0011731 3372 .0198 Tupsan-Pequeño, Mahinog; 0011738 3415 .0137 Taoctoc, Tupsan-Pequeño, Mahinog; 0011861 2282 .3101 Taoctoc, Tupsan-Pequeño, Mahinog; 0011888 3468 .3867 Taoctoc, Tupsan-Pequeño, Mahinog; 0011935 3242 .8413 Tupsan-Pequeño, Mahinog; 0011943 3238 .4112 Tupsan-Pequeño, Mahinog; 0011948 3230 .0568 Tupsan-Pequeño, Mahinog; 0013107 3310 .0563 Tupsan-Pequeño, Mahinog; 0007414 371 .1818 Puntod, Mahinog, Camiguin 0010468 1234 .7653 Lutao, San Roque, Mahinog 0011174 3355 .4195 Tupsan-Pequeño, Mahinog; 0011474 2194 .1501 Tupsan-Pequeño, Mahinog; 0012772 .8865 Mapa, Tupsan-Pequeño, Mahinog That pursuant to the Rules of Court we hereby settle his properties and adjudicate unto our common ownership the above-mentioned real properties to be transferred in the names of the Heirs of Zotico Carillo; That this Extrajudicial Settlement is executed by us freely and voluntarily with full understanding of its import and consequences;

BWM: Oct. 21, 28 & Nov. 4, 2016

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friday|october 28, 2016