BusinessWeek Mindanao (October 2, 2017)

BusinessWeek MINDANAO

YOUR Mindanao-wide BUSINESS paper

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Volume VIII, No. 50

Market Indicators

As of 6:00 pm September 29, 2017 (friday)

FOREX

PHISIX

US$1 = P50.98

8,156.04

4

X Briefly

cents

65.88

X

points

Investment center DAVAO City – The Philippine Economic Zone Authority (PEZA) launched its first business and investment center in Davao City, to provide easy access to its investors and serve as 24/7 information hub. The PEZA Business and Investment Center is located at the Damosa I.T Park, the 1st PEZA-accredited I.T. Park in Southern Mindanao at the Damosa District.

PEZA Business and Investment Center’s first order of operation will be to assist its members and future investors in processing permits (both import and export), provide detailed services, such as document processing, and connecting them to other PEZA offices.

PEZA’s direction is geared towards promoting their mission of investment promotion, employment creation and export generation, making it a “One Stop Shop” branch in Mindanao.

Part of PEZA’s long term plans will be to develop the center by designating engineers, accreditors, examiners and an official from the Bureau of Customs, to guide locators throughout the entire process. With the Davao branch, transactions can now be made easy for economic zones in Davao, aiding them in the preassessment process interlinking with the Regional PEZA office for VisMin (Visayas and Mindanao) in Mactan, Cebu.

Renewable energy A STUDY on renewable energypowered mini-grid deployment in the Philippines was launched during the 35th ASEAN Ministers on Energy Meeting (AMEM35) and Associated Meetings on Thursday.

Energy Secretary and AMEM35 Chair, Alfonso Cusi, and Director General of the International Renewable Energy Agency (IRENA) Adnan Amin led the ceremonial turnover of the “Renewable Energy Outlook” during the media briefing held at the Conrad Hotel in Pasay City.

During the AMEM35, Cusi highlighted the importance and commitment of ASEAN member states to pursue renewable energy (RE) as a sustainable energy source to meet the region’s growing energy demands to spur industrial and economic growth.

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Marawi crisis ‘symptom’ of Mindanao conflict T Religious leaders say:

By JIGGER JERUSALEM, PNA

HE Marawi City crisis and the displacement of thousands of civilians that ensued is just one of the many symptoms of the longrunning conflict in Mindanao, Muslim and Christian religious leaders said.

PIGEONS. Pigeons waiting to be fed by visitors have become a daily sight outside Spanish-era Fort Pilar in Zamboanga City. mindanews photo by h. marcos c. mordeno

“Marawi dramatizes for us three interconnected challenges to peace in Mindanao: violent extremism and terrorism; the uncertainties of the i mple me nt at i on of t he political peace process; and the crucial role of religious leaders and communities i n t h e re bu i l d i ng an d development of Marawi,” said the joint statement signed by prominent religious figures in Mindanao that included Cagayan de Oro Archbishop

Antonio Ledesma, SJ. The group maintained that the Marawi crisis, which began on May 23 when authorities attempted to serve an arrest warrant for Isnilon Hapilon, a known leader of the terror group Abu Sayyaf, was not motivated by religious divisions but by terrorism and violent extremism.

“The many stories of mutual assistance between Muslims and Christians attest symptom/PAGE 11

Mindanao bikers run for peace

By GERRY LEE GORIT, Reporter

ONE of the biggest biking events in Mindanao was launched Saturday as more than 400 bikers converged in this city on Saturday to express their support for troops who are battling the Islamic State-inspired Maute Group in Marawi.

The bikers belong to various groups but they are all members of the Mindanao Confederation of Big Bike Clubs (MCBBC), and their purpose is one: to boost the morale of the soldiers who are engaging in urban warfare in the streets of Marawi.

The Cagayan de Oro event was

called the “Breakfast Ride” and was the continuation of the same activity held last August in Baguio City which was attended by the more than a thousand motorbike enthusiasts from across the country.

Each biker who joined the ride-for-a-cause paid P600 for the registration. Almost 2,000 riders had registered for the event.

Major General Ronnie Evangelista, chief of the Armed Forces of the Philippines (AFP) Civil Relations Services, said the ride was also aimed to raise the awareness of the bikers/PAGE 11

BIKERS FOR PEACE. More than 400 bikers from all over Mindanao converge at the Phil. Army’s 4th Infantry Division headquarters to show their support to the troops fighting in Marawi. photo by gerry lee gorit

US-SEA sub cable system MisOr eyes transfer to boost M’danao growth of capitol to Alubijid

By AEROL JOHN PATEÑA, PNA

THE submarine cable system connecting the Philippines to the United States through Davao City is expected to st reng t hen Inter ne t connection in the country.

The USD250-million facility which was deployed

by Globe Telecom will help further boost the growth of business in the Mindanao region.

The technolog y will pave the way for faster data transmission which will benefit business process outsourcing (BPO) and information and communication technology system/PAGE 11

By MARK FRANCISCO, Staff Writer

TWO committees have been created to set in motion the plan to move the seat of government of Misamis Oriental away from this city, Gov. Yevgeny Vincente Emano said Friday.

Since 1950, Cagayan de Oro has been the seat of government of the city when it became a chartered city through Republic Act (RA) 521. transfer/PAGE 11

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Economy

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DA to develop more agri-entreps in CenMin

G

ENERAL SANTOS CITY -- The Department of Agriculture (DA) is pushing for the development of more agri-entrepreneurs in parts of Central Mindanao or Soccsksargen region through the newlylaunched innovative agribusiness support program.

Carolyn Castro, acting national director of DA’s Agribusiness and Marketing Assistance Service, said Friday they are set to launch a series of capabilitybuilding trainings and support initiatives for farmers in the region in line with the rollout of its Agribusiness Support for

Promotion and Investment in Regional Expo (ASPIRE) program.

She said the initiative aims to help local farmers transition into entrepreneurs through support from the agency and its partners.

“Our goal is to capacitate our farmers to become entrepreneurs by assisting them in developing their products and eventually link them to potential markets,” she said in a press conference.

Castro said they have partnered with the Department of Trade and Industry (DTI)-Region 12 and the Philippine Chamber of Commerce and Industry Inc. (PCCI)-Southwestern

Mindanao for the program’s rollout.

She said they signed a memorandum of agreement with the two entities for the conduct of convergence activities in the region, which was chosen as one of the five pilot areas of the ASPIRE program.

The other pilot regions are the Cordillera Administrative Region, Central Luzon, Bicol Region and Western Visayas.

CenMin or Region 12 covers the provinces of South Cotabato, Sultan Kudarat, Sarangani and North Cotabato, and the cities of General Santos, Koronadal, Tacurong, Kidapawan and Cotabato.

DA formally launched

the program as part of the ongoing three-day Regional Agri-Aqua Fair 2017 at the Robinsons Mall here.

Milagros Casis, DA12 executive director, explained that ASPIRE is a DA agribusiness and marketing program aimed at integrating market development support services to farmers, fisherfolk, micro, small and medium enterprises and other stakeholders.

Aside from DTI-12 and PCCI-Southwestern Mindanao, she said the program’s implementation will involve the area’s private sector industry groups.

She said ASPIRE aims to uplift the agribusiness

sector in the region and open more opportunities to farmer and fisherfok entrepreneurs.

“The main dish for this program is the trade fair and exhibit, which is a venue to showcase various agrifishery commodities from all over the region,” Casis said.

As part of the trade fair, DA-12 spearheaded the conduct of technical sessions on international market trends, microfinancing programs, entrepreneurial mind setting and value chain process.

It also held an investment forum wherein various priority commodities of Region 12 were presented.

(PNA)

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The National Nutrition Council (NNC) Region 10 through the Regional Nutrition Evaluation Team (RNET) held an exit conference or feedback session on 29 September 2017 from a two-day Regional Monitoring and Evaluation of Local Level Plan Implementation (MELLPI) of Nutrition Programs in Ozamiz City. (Shaine Mae R. Nagtalon/PIA10 Misamis Occidental)

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

Alsons power unit investing P1-B in Sarangani river hydro project

A

LSONS Consolidated Resources, Inc. is investing P1 billion in a 15.1-megawatt (MW) runof-river hydropower project, the company said on Friday, marking its move towards developing renewable energy.

In a disclosure to the stock exchange, the publicly listed holding firm of the Alcantaras placed the project cost at P3.7 billion. The facility will be located at the Siguil River basin in Maasim, Sarangani province.

The project is under subsidiary Alsons Renewable Energy Corp., the direct owner of project company Siguil Hydro Power Corp.

“Construction of the Siguil Hydro plant will commence shortly within this year upon completion of all necessary permitting and formalities,” it said.

It said the power plant is expected to begin commercial operations within the first half of 2020. It will provide power

to Sarangani, General Santos City and municipalities of South Cotabato, it added.

Alsons also disclosed the approval of a performance undertaking to be issued to its long-time partner Toyota Tsusho Corp. in support of the sale to the Japanese government of half of the Siguil hydro project’s carbon credits.

“This was done under the auspices of the Japanese government’s Joint Credit Mechanism (JCM) for the

Isuzu eyes joining PUV modernization program

AEV’s Pilmico acquires Vietnam’s Eurofeed

ISUZU Philippines Corp.

(IPC) is eyeing to join the Public Utility Vehicle (PUV) Modernization Program of the government by assembling the next generation of jeepneys.

IPC president and Chief Executive Officer, Hajime Koso, told reporters that the car company has a prototype of the next generation jeepney that will be presented to the government next month.

Koso mentioned that IPC will be phasing out

PILMICO International Pte. Ltd., a subsidiary of Aboitiz Equity Ventures, Inc. (AEV), acquired 70% of the outstanding shares of Vietnam animal feeds company Europe Nutrition Joint Stock Co., also known as Eurofeed.

The transaction was for $3.2 million, and ownership was formally transferred on Sept 27 in Ho Chi Minh City.

Aboitiz also officially announced that the company has changed its isuzu/PAGE 11

its manufacturing here of Crosswind models by next year since the government requires cars to be Euro 4 compliant.

As IPC phases out Crosswind production it can accommodate the assembly of the jeepneys for the PUV Modernization Program, the IPC chief said.

Koso said IPC is waiting for the incentives that the government may provide to support the production of PUVs isuzu/PAGE 11

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reduction of world-wide carbon emissions. A JCM project is typically implemented by Japan and a host country through bilateral agreements,” it said.

Under the credit mechanism, in projects using advanced low-carbon technology – such as the Siguil project – the resulting greenhouse gas emission reductions may be credited to the project proponents of both participating countries.

It allows the project to receive

additional revenue through the sale of carbon credits.

Alsons said an international consortium agreement had been signed on Sept. 26, 2017 by it and its subsidiary Alsons Renewable, Toyota Tsusho and Siguil Hydro.

Toyota Tsusho is the company’s partner in Sarangani Energy Corp., which began construction of the second 105-MW section of its 210MW coal-fired plant in Sarangani.

SMC on track to achieve goal to reduce water use by 50% SAN Miguel Corporation (SMC) said yesterday it had made significant headway on its goal to cut water use across all its operations and has started investing and putting in place programs as part of its ambitious push to integrate sustainability into the conglomerate’s business strategy.

The company, which is celebrating its 127th anniversary today, said that its businesses have mapped out a plan to

reach an interim goal of 20% reduction by 2020. Investments in technologies have also been committed early this year to ensure it meets its 50% reduction goal by target year 2025.

The ambitious goal, enshrined in its “Water for All” initiative, was first announced in March this year. It involves reducing domestic and utility use of water across SMC’s beverage, food, packaging, power, infrastructure, and

fuels businesses.

Since then, SMC’s businesses have already determined baseline water consumption against which the 2020 target of 20% reduction and 2025 target of 50% reduction, will be measured.

Early this month, SMC announced it was exiting the plastic bottled water business to lessen its environmental footprint. It is the first time a business was discontinued to reduce/PAGE 11

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Opinion

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Flying taxi, anyone?

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

ALLAN mario MEDIANTE

Vice President for Corporate Affairs

RUFINO T. MAGBANUA

Vice President for Business Development

Joe felicilda

Vice President for Administration

joe palabao

Vice President for Marketing

NELSON CONSTANTINO Editor-in-Chief

gilbert y. chao

Motoring Editor

JUN AYENSA

Regional Editor - Caraga

Cris diaz ATTY. antonio s. soriano mike baños 2f, ICS Building BONG FABE Tel.No.: 881-0176 Uriel quilinguing cor. Montalvan sts.

Contributing Editors Tiano Legal Counsel CLIFFORD SANTILLAN

ATTY. MARIO T. JUNI

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ABEGAIL BAYNOSA Sandra encoY Advertising

Ruffy magbanua The best way to predict the future is to invent it --Volocopter IN a not so distant future, our urban skies will be teeming with flying taxis.

Thanks to Volocopter, a German start-up aviation company destined to make flying an option for everyone by re-inventing air mobility in style, convenience and comfort.

The company, which is based in the technology region of Karlsruhe, Bruchsal, in

manila office: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell No.: 0977-152-8860 lani vallido-Marketing Manager

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City.

It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2017-02942. Tel. Nos.: (088)856-3344, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

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A Tricky Problem think a minute

jhan tiafau hurst Think a minute.Have you ever stood by a fire when the smoke was so thick you almost thought you could grab it with your hands. But if you try, the smoke just disappears right through your fingers. It’s like that when we try to be humble.

We grab for humility, but as soon as we think we’ve got it, it disappears like smoke through our fingers. You see, we trick ourselves when we start to think that we’re humble, because in our mind and heart we actually start feeling proud of ourselves that we’re humble. So you see, we’re still very proud.

Our problem is the subtle, deceptive nature of pride.

It makes us self-conscious, thinking about ourselves and how we good we are or look in front of others.

Our pride competes and

compares ourselves with others. That’s why we get angry when someone treats us like we’re not important.

Our pride makes us want to act and impress others with how humble we are, when inside we still think we’re more important than some people. This is also why many people want to become rich millionaires.

You see, if everybody in the world had a million dollars, then not many people would really want to be a millionaire because they would not be richer than anyone else. If everyone in the world had a high political position of respect and power, then not many people would want that kind of position because they would not be more respected and powerful than anyone else.

Did you know that it is our pride which causes most of the problems in our life, whether it’s in our family, at work, school, or with friends and neighbors. Our hidden, tricky pride is the reason we get hurt and angry at others. It’s also the reason we will not forgive them, but instead even try to hurt them back. So is there any hope for us? Can we ever start becoming genuinely honest tricky/PAGE 11

Germany has established its place in the aviation history with the first manned flight of an electric multicopter called Volocopter 2X. Recently, Volocopter staged a maiden test flight in Dubai for one of its potential taxis: a two-seater, 18-rotor manned flying vehicle. With full support from fellow German company Daimler, the automated flying vehicle lifts and lands vertically like a helicopter.

The current model is capable of flying based on GPS tracks but the company plans to implement full sense capability in the future.

Volo copter is t he f irst manned, fully electric and safe VTOLs (Vertical Take Off and Landings) in the world. It makes humanity’s dream of flying come true and help cities resolve the increasing traffic woes.

Po w e r e d b y a 1 0 0 kilogram battery, the two-

passenger Volocopter can travel at least 70 kilometers per hour, making its first remote-controlled flight in a hanger in Karlsruhe, southwest Germany.

The flying machine weighs just 300 kilograms in total.

One limitation is that it currently only has enough power to fly for 20 minutes though designers are looking at ways of increasing this, or introducing a hybrid engine.

The flying machine also assures it can avoid obstacles and colliding with other flying taxis on the way. If everything goes well, one could catch a Volocopter ride within the next five years.

The introduction of its latest model, Volocopter 2X, has made the company a global leader when it comes to safety and autonomous flying.

The fully electric Volocopter is seen to transform the concept of urban mobility.

Not only does it relieve

the strain of traffic on the roads, Volocopter delivers people to their destination much faster -- completely free of direct emissions.

Aside from its customized 18 rotors, Volocopter has fully redundant power trains and an intelligent autonomous control system which offers maximum reliability that is proudly ‘Made in Germany’ Through the years, the company has developed not only the technology for quiet, safe and emission-free flying, but it also embarks on a pioneering effort when it comes to close cooperation with proper authorities by defining standards for infrastructure and reliable operation in the aviation industry.

With that, Volocopter had created a fantastic opportunity to work with Dubai’s Roads and Transport Authority (RTA) on the taxi/PAGE 10

The noblest profession Speaking out

ignacio bunye In 2008, Bro. Armin Luistro F.S.C., then President of De la Salle Philippines, together with the Metrobank Foundation President Aniceto Sobrepeña, spearheaded the Teachers Month Campaign.

Their efforts culminated in the signing of Presidential Proclamation 242 by then President Benigno S. Aquino III “declaring the period from September 5 to October 5 of every year as National

Teachers’ Month.

Subsequently, by virtue of RA 10743, October 5 was declared as National Teachers Day. It is only fitting that we publicly and consistently express our appreciation for the nobility and quiet heroism of our teachers.

A nation that honors its teachers is a noble nation.

After all, without teachers there would be no lawyers, doctors, engineers, soldiers, captains of industry, priests and public servants.

I have a strong fondness for teachers. My father, Alfredo, Sr., my mother Sofia, my sister Victoria (ABB}, and even my youngest, Frannie, were all former teachers.

I, too, consider myself as a teacher – having once taught catechism in public schools in Marikina as part of my college extra-curricular

activities.

Thus, w hene ver t he occasion presents itself, I never tire of speaking about my former teachers and professors: Consolacion Francisco…Simeon Bumanglag… Paz Ruivivar….

Concepcion Ofina….. Fidela Garcia….Carmelita Perez…

Pilar Leaño …… Marcela Ponce….Pilar Franco….

Teodora Sacco….Catalina Roque….Sofia Bunye (my mother)… Cesar Tiangco….

E r i c To r r e s … . D o r y Katigbak….James Culligan, S.J., Gabriel Singson….

Pompeyo Diaz… Ricardo Puno….

In one way or another, they all helped me become what I am.

On this occasion, allow me to write about one of my most remarkable teachers.

For more than 3 decades, Cesar Sioson Tiangco served as the first principal of my

Alma Mater, the Muntinlupa High School (now Muntinlupa National High School or MNHS). Established in 1945, MNHS was the very first post-war public high school established south of Manila.

Initially conceived as a school for the children of Bureau of Prison employees, the school soon found itself attracting students not only from the New Bilibid Prison reservation but even beyond the boundaries of Muntinlupa.

Outside students came from as far as the neighboring towns of San Pedro, Biñan, Las Piñas and Parañaque.

Its initial teaching staff of 4 (including the principal) had to perform multi-tasking to meet the needs of the schools growing population.

The other pioneer teachers of Muntinlupa National High School were Catalina Roque, noblest/PAGE 10

Society Needs Vindication

Lucell larawan My articles are not only upfront about the Philippine experience under President Rodrigo Duterte in his first fifteen months of office; they stand as an independent fighting voice amid a seemingly corrupted mainstream media which may aptly fit Danny Glover’s description: To d a y, t h e m e d i a dictatorship is becoming a substitute to militar y dictatorship. The big economic groups are using the media and decide who can speak, who the good guy is, and who the bad

guy is.

S om e p owe r- g re e dy oligarchs who wish to take back the reins of society in their playful hands are reportedly working behind the scenes.

They want a young willowy creature who walks down the stairs to hold on to the arm of some old dotterel who had been duped into imagined vigour. That fat dotterel is no other than the remnants of old systems and players that perpetuate countless miseries and the drugs pandemic in the country—all working for the well-heeled. Perhaps the pen can become a C-4 bomb to end them.

Some of my articles also recognize the role of the arts in the upward trek. I put them where they should be—at the main pedestal where everyone’s blurring identity needs icons that awaken. Personal issues are likewise penned as they potentially enrich and inform one’s encounters with the spiritual and the pragmatic.

Many want change, but unless writers limn society’s needed transmutations, the dream is stockpiled in a box guarded by swinging swords, lest they discover Paradise. *************************** ******** Lucio Tan is bound to pay in ten days his tax arrears of P7 billion. This is what president Duterte has recently demanded, or else the Philippine Airlines will stop its operations.

PAL asked for a settlement of P4 billion within seven years, but it was turned down: such offer blatantly disregards the Philippine laws in favor of one company.

After Mighty Corporation was put in a dilemma of not paying P15 billion tax liabilities, we now have another tycoon trying to assume that the government is for sale. Surviving previous administrations even with arrears, one understands that PAL and other big wigs in the business world gave millions

of campaign donations to presidentiables—the reason previous administrations gave them special treatment.

Unluckily, these big wigs should also understand that they do not always have the upper hand. As the Bible says, “When the righteous prosper, the city rejoices; when the wicked perish, there are shouts of joy (Proverbs 10: 11).”

The saying should also apply to drug pushers and peddlers who are now extremely nervous of Death preening his gray hairs.

But what can we see around?

Church leaders crying and urging others to cry for those who receive heaven’s blows.

Human rights advocates, with the Liberal Party, unwittingly protecting menace-makers, thus calling for the death of our society. These examples reveal how some want to behave if the righteous are vindicated.

Society, however, is not originally designed for the wicked. Don’t we have reason to rejoice?

5

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Team Fizz Drinks won as Best Display during the Product Development Expo conducted by the Business Administration Department of Xavier University last September 27. photos by mark francisco

notes gains PH to remain active in Fitch in real estate loans global capital markets T HE Philippines will remain active in the global capital markets and is eyeing not just a Panda bond issuance but also a Samurai bond issuance.

Finance Secretary Carlos Dominguez III said the country’s finance officials are working with the Bank of China for the internal and external approval of the yuan-

denominated Panda bond, a debt paper issued in China’s capital market by a non-Chinese issuer.

The Philippines could issue the debt paper in the latter part of this year.

Samurai bond, on the other hand, is a yen-denominated debt instrument issued in Tokyo by a non-Japanese issuer.

The Philippine government has an

P889.7 billion gross financing program for 2018. Domestic borrowing was set at P711.78 billion while foreign borrowing was set at P177.94 billion.

“Our plan of borrowing 80 percent from the domestic market and 20 percent in foreign currencies remains unchanged,” Dominguez said.

“We will therefore

remain active in the foreign markets,” he added.

The government has set a deficit ceiling of three percent to accommodate higher spending, particularly on its infrastructure program called “Build, Build, Build” with an infrastructure financing budget amounting to between P8-9 trillion until 2022. (PNA)

FITCH Ratings on Thursday cited the Bangko Sentral ng Pilipinas’ (BSP) new requirements for enhanced reporting from banks on property lending and project finance, saying this will help detect risks from sustained strong loans growth.

Last week, the central bank said its policymaking Monetary Board (MB) has approved the enhancements on the prudential reporting requirements to check banks’ exposures on real estate and project finance.

Banks are now required to report “granular information” on their midand hig-end housing units in addition to socialized and low-cost housing.

Also, banks must report commercial real estate loans in terms of underlying commercial project like residential units, office buildings, malls, and factory or plant facilities.

Universal and Commercial Banks (U/ KBs) are also required to heed the new Report on Project Finance Exposures that will detail type of infrastructure projects and project phase.

These new reporting requirements will start in the second quarter of 2018 although a pilot-run will be held in the first quarter of next year.

The BSP said “a deeper undertanding of these loans/PAGE 10

Congress mulls Repair of bulk water pipe may last up to ten days amendment of REIT law THE House of Representatives may push for the amendment of the Real Estate Investment Trust (REIT) Act, Representative Arthur Yap said Monday.

During the real estate market briefing of Leechiu Property Consultants (LPC), Yap said the lower house may opt to amend the REIT law and specify that the transfer of assets into REITs will be tax-free and be exempted from valueadded tax (VAT).

Yap, who is also the chair for House Committee on Economic Affairs, said the REIT law would have to undergo the same process and “will have to fall in line” along with other bills in the Congress if it would amend the law.

The Republic Act No. 9856 was enacted in 2009 to encourage the investing public to invest in property projects and to further develop the capital market.

However, REIT has yet to take off in the country due to uncertainties like whether the transfer of

asset should be subject to the 12-percent VAT. Under the term of former Bureau of Internal Revenue (BIR) Commissioner Kim Henares, her office issued a memorandum order that the transfer of asset under REIT will be slapped with VAT. Yap stressed that Congress would stick to imposing the law and giving a tax-free transfer of asset and also exempted from VAT as it recognized that there is no gain or loss on the initial transfer for the income purposes.

He said the House Committee on Economic Affairs is waiting for the recommendation and final position of the BIR. “The BIR is working right now very hard, with what the interpretation of the BIR would be; on whether the first transfers of the asset into the REIT will be VATable or not,” Yap said.

“I, on my part, I feel that I would have to issue a committee report by this October on the status of the REIT,” he added.

(PNA)

Rio Verde Water Consortium Incorporated, the bulk supplier of COWD, experienced a major damage in their system.

A part of their pipeline that crosses the Cagayan de Oro River has been damaged apparently by the debris propelled by strong river currents brought by heavy rains last weekend.

In order to ensure the quality of the volume delivered, isolation was carried out. On the afternoon of Monday, September 25, 2017, Rio Verde informed COWD that they would conduct the repairfrom 8:00AM to 5:00PMthe following day. A COWD advisory

to the public was then issued. The repair, however, was extended up to 7:30AM of Wednesday, September 27. Only then was operation in their facility resumed and so was the supply to COWD’s off take point. This move was an emergency maneuver to contain the leak in their pipeline and to continue service delivery. Final repairs have yet to be carried out by Rio Verde to avert further damage.

In the meantime, their 400mm diameter HDPE back-up line along Pelaez bridge has been utilized to deliver treated bulk water which has a limited flow of 1,200

cubic meters per day,half the flow rate before the damage happened.

This has caused the very low pressure to no water experienced by our customers in the west part of our service area since Tuesday, September 26. Valve adjustments have been carried out

by COWD to maximize the volume available.

Water delivery was also facilitated to Palalan, Lumbia.

COWD has conducted a site visit to the Rio Verde facility to check the status of the repairs and discuss remedial measures.

Due to the extent of the damage, repair works may last up to ten days.

Rio Verde also plans to install a redundant spare line for the portion crossing the river to prevent the recurrence of shutdown to facilitate leak repair should a similar incident happen in the future.

Until final repairs at Rio Verde will be completed, COWD shall continue to facilitate water delivery to the affected areas. It has also requested the assistance of the Bureau of Fire Protection for this purpose.

Billboard 6 The Xavier Stage respects the sanctity of marriage in “A Respectable Wedding” Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

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H

By Angelo Lorenzo

ours after they had tied the knot, a newlywed couple struggled to smoothen the strings of their juvenile marriage after an unanticipated turn of events had entangled their expectations with undesirable revelations.

Bertolt Brecht’s “A Respectable Wedding” is The Xavier Stage’s (TXS) most recent adaptation for the theater organization’s Aspects of Love series. But shredding the tenacious criticism off this adaptation about the German playwright’s original short play against the prevalent bourgeois lifestyle in his era, the 45-minute-run production had incorporated locally pressing issues in its dialogues and scenes – a relatable event that cordially invited the audience to constant laughter and occasional squeals.

During its gala performance on Friday (September 22, 2017), a night after its premiere, TXS’ front of house staff in Filipiñana fashion ushered the audience into the Little Theater. When the lights shone onstage, Burt Bacharach and Hal David’s “I’ll Never Fall in Love Again” resonated as the lights began to shine over the setting.

Appearing first was Greg, a waiter (played

by Senior Highschool STEM student Hian Lao) and Sonia, a waitress (Education major Queenie Roluma) as they set up a table in preparation for the wedding’s reception.

But before the guests arrived, Bea, the bride (International Studies student Kissie Fudolin) had repeatedly screamed after knowing that the

venue of their reception was changed by the unexpected directive of a former governor who happened to be a close acquaintance of her mother (portrayed by Xavier Ateneo formator Faith Silmonet). Despite the efforts of Justin, the groom (Paolo Zulueta), to soothe her, she remained apprehensive, fearing the ruin of their wedding by the unpleasant services and amenities of the hotel.

Within an old dilapidated suite, the play took place, revolving around the characters who argued about the value of marriage and its unavoidable misfortunes.

The pairs’ affairs Although the groom’s father (Xavier Ateneo alumnus Tat Soriano) was proud of the newlywed’s commitment to seal their relationship with their vows, the framed floral paintings hanging over the makeshift walls and potted plants that comprised the central backdrop and filled the corners of the stage had hinted the transience of feelings.

Flowers may bloom and plants may grow, but without perpetual nurture, they’d decay. As a confession in a dialogue with Bea’s mother, the marriage of Justin’s father did not end well after a legal separation from his wife. Resembling her singlehood, Bea’s mother had been a widow years before the matriarch met Justin’s father.

But feelings could be the foundation of a stable marriage just as Tetchie, the maid-ofhonor (Psychology major Camille Magnanao) and Tony, the groom’s man (Xavier Ateneo alumnus Andrew Begafria) excitedly announced their

engagement in the suite, with the hope to console with the bride’s frustration and anxiety and to remind Bea and Justin about what made them decide to tie the knot before the appearance of the venue had tangled their heartstrings.

The gradual crumbling of the suite’s furniture, Bea’s distaste of the menu, and the nuisance of her mother’s analytic recollection about her paternal parentage (doubting whether the governor had planted the seed instead), all amounted to the impossibility of a fairy tale ceremony just as Bea – more than Justin – had wholeheartedly wished for. But the symbolical representation of the characters grouped in

pairs, denoted a realistic and contemporary reflection of a married couple.

To put into context, Bea’s mother and Justin’s father depicted a spouse’s attraction towards another individual who takes no part in the bounds of marriage, thereby engaging in an adulterous affair. Despite his pot belly and silver hair, the vigorous speech and the masculine gaiety of Justin’s father had claimed the admiration and affections of Bea’s mother. But adultery can only be initiated when feelings of intimacy are enacted for another apart from the spouse, setting aside the commitment that sealed the relationship.

In the case of the newly engaged couple,

Tetchie and Tony, a pair’s feelings ought to anticipate marriage. Feelings are the foundation of a couple that desires a promising relationship.

But for the newlyweds, commitment had triumphed over trials.

Justin didn’t hesitate to constantly comfort Bea regardless of her swelling temper that began to set them apart and identified their differences. Justin was carefree, while Bea was obsessed with order and perfection. Despite a couple’s skirmishes, whether by deeds or by circumstances beyond control, a marriage persists by living the vows – for better or for worse.

The waiter and waitress, Greg and Sofia, who continually served the newlyweds

with complements and apologetically explained the deficiencies of the hotel, had observed how the couples handled the problem, and eventually developed a strong liking for each other. But as members of the working class, they set practicality before romanticizing a perfect wedding with the required expenses to fuel it.

An aisle for criticism Although the adaptation took liberties from its source material, it accorded with the same kind of criticism that Brecht had for the socialites. A depiction of a middle-class wedding presented a reflection of social inequality and political corruption.

TXS’ adaptation didn’t respects/PAGE 10

BreadTalk Assistant Manager, Ms Cherry Sepe and Jeferson Sambrano Centrio Store Officer, give some bread to the pupils of Balubal Elementary School where some 300 pupils have benefited during the feeding program of the Rotary Club of Cagayan de Oro. photo supplied

BusinessWeek MINDANAO CREDIBLE

RELIABLE

Editor: GILBERT Y. CHAO

mOTORING IN-DEPTH

Monday | October 2, 2017

7

Isuzu Philippines celebrates 20th anniversary with the unveiling of Blue Power Technology Last September 27, Isuzu Phillipines (IPC) executives led by President Hajime Koso, together with Isuzu Motors Ltd. Japan, President and CEO Masanori Katayama; Mitsubishi Corporation Japan Executive Vice President and Group CEO, Machinery Kazushi Okawa, MMDA General Manager & concurrent Usec. of Dept. of Transportation Thomas Orbos, Minister, Deputy Chief of Mission, Embassy of Japan Manila Takehiro Kano, along with dignitaries and members of the Philippine motoring media, spearheaded the anniversary rites.

Koso expressed his heartfelt gratitude to the Philippines, where the IPC broke ground some two decades ago. He also thanked their partners who helped them grow towards their current business standing.

“This country has become our second home and gave us

the wings to soar higher than what we were 20 years back.

We are looking forward to 20 years and more. To our loyal partners, may you continue to put your trust on us and we promise that we will be finding more ways to meet your expectations,” Koso said.

Shortly after the anniversary ceremonies, the IPC executives proudly announced the launching of their new product: Isuzu’s Blue Power Technology.

In an era where technology needs to benefit nature, Isuzu developed Blue Power: an eco-friendly diesel engine designed to promote green technology.

The Blue Technology on Isuzu engines—which will be present on all vehicles in the Isuzu lineup—is said to provide maximum engine output, cleaner emissions, superb fuel economy, as well as engine durability.

The 4JJ1-TCX engine found on the D-MAX and

mu-X is said to provide 177 PS and a maximum torque of 380 Nm. The engine is also designed to comply with EURO 4 standards.

The new facelifted mu-X model, is now mated to a six-speed transmission, for both manual and automatic variants. Aside from that, the mu-X now comes with Auto-Headlight Leveling, Hill Descent Control and 8-inch screen entertainment system with USB link and tex-tospeech navigation.

The latest D-MAX offering now comes with Hill Start Assist and Hill Descent Control. It is also fitted with multiple USB ports to suffice the passengers’ need on the continuous use of their mobile gadgets.

Undergoing a full-model change is the All-New Isuzu N-Series light-duty trucks which not only received a fresh face but the also Blue Power EURO 4 engines, namely: the 4JH1-TC

(NLR77 model), 4JJ1-TC (NLR85, NMR85 & NPR85 models) and 4HK1-TCN (NQR75 model).

Further, their mediumduty truck lineup, F-Series, also sports the new Blue Power Technology. The 4HK1-TC (FRR); 6HK1TCN (FSR and FVR) and the 6HK1-TCS (FVM) engines give these trucks more power and efficiency while complying with stringent

EURO IV standards making these trucks more effective workhorses.

Their C & E Series line-up has made the monumental leap towards cleaner emissions: the 6WG1-TGR is now EURO compliant, meaning the engine has higher torque at low speed area due to the modified turbocharger and increasing engine displacement.

Koso said that they

are confident that the new modifications to their full lineup will further affect sales positively across the board.

“We are hoping yet we are confident that the Philippines will continue to patronize the brand with these substantial changes that we have introduced,” Koso noted.

“We believe that these game changers are surely to hit it big in the local automotive industry,” he added.

Hino opens CDO dealership Hino Motors Philippines (HMP), the exclusive distributor of Hino trucks and buses in the Philippines formally, bolsters its footprint in Mindanao with a new dealership in Cagayan de Oro (CDO), the secondfastest growing city in the region next to Davao.

The inauguration of Hino CDO, HMP’s second dealership in Mindanao, is a testament to the company’s continuous efforts to expand its transport solutions in the island. Aside from being the regional capital of northern Mindanao, Cagayan de Oro is known as the logistics and transshipment hub of the region.

Banking on its continued economic growth, CDO is envisioned to become

the country’s fourth and newest metropolitan economic center joining Metro Manila, Metro Cebu and Metro Davao, according to the National Economic Development Authority’s Philippine Development Plan 2017-2022. This is based on CDO’s projected population growth and vital role as one of the major gateways of goods in southern Philippines.

The city’s accessibility by sea, air and land transport to and from the rest of Mindanao and the nation makes it a transport hub and a strategic location of choice for businesses to establish and grow.

Hino CDO, which will be managed by Big Trucks Corporation, is equipped to complement the city’s economic progress by providing

quality trucks and buses.

CDO’s economy, which emphasizes industry, commerce, trade, service and tourism, is reliant on an efficient business partner that will cater to the city’s needs for transshipment, especially as CDO strengthen its role as a transport hub.

“We are extremely

delighted to see Hino expanding further here in Mindanao. As we increase our visibility here in the region, we extend our commitment to bring total customer satisfaction as a one-stop shop for all trucking needs. HMP will work hand in hand with Hino Cagayan de Oro to ensure

smooth operations. Hino CDO will surely be a dependable business partner that will help people and goods safely and economically go where they need to go,” HMP President Mr. Hiroshi Aoki, said.

Hino’s expansion in Mindanao remains in full throttle this year.

Earlier this month, Hino General Santos officially started its construction with a ground-breaking ceremony. Hino Cagayan de Oro and Hino Davao are geared to provide total support to the region’s growing trucking needs– from sales, parts and maintenance–with their full-service dealerships.

8

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Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

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RNET monitors nutrition implementation of Ozamiz City

O

By Shaine Mae R. Nagtalon

ZAMIZ CITY -- The National Nutrition Council (NNC) Region 10 and the Regional Nutrition Evaluation Team (RNET) visited Ozamiz City for a two-day 2017 Regional Monitoring and Evaluation of Local Level Plan Implementation (MELLPI) of Nutrition Programs in the city.

Princess Christine Daliba Tababa, Nutrition Officer II of NNC 10 shared during the exit conference that the goal of the nutrition program of the government is to reduce the prevalence of lifestyle diseases.

She added that they are very happy because the local government of Ozamiz is improving and sustaining the gains in nutrition of the young people in Ozamiz City.

Barangays visited include Brgy. Pantaon which was awarded 2016 Outstanding Barangay Nutrition Scholar (BNS),

Brgy. Sangay Daku – Outstanding Barangay, Brgy. Trigos – High Operation Timbang Plus (OPT) prevalence group, Brgy. Diguan - Medium OPT prevalence, Brgy.

Baybay San Roque - Low OPT prevalence.

Among the recommendations of the RNET include to sustain city and barangay nutrition committee, expand partnership with nongovernment organisations for direct nutrition interventions, livelihood programs or assistance, continuing nutrition intervention and livelihood programs or assistance and scale up/expand proven effective and sustainable activities among others.

In 2013, Ozamiz City received the Nutrition Honor Award (NHA), Pabasa sa Nutrition (PSN) Diamond Awardee, Gawad Kalasag Awardee and Seal of Good Local Governance.

Linked to an incentive

and award system, top performers will receive: Green Banner Awards (at Regional level), National Awards CROWN (Consistent Regional Outstanding Winner in Nutrition– 3 yrs.

GB) - 500,000, CROWN Maintenance (Year 1 & 2) - 150,000, Nutrition Honor Award (NHA)- 1,000,000.

The National Nutrition Council, is mandated among others, to monitor and evaluate the implementation of the country’s food and nutrition program, the Philippine Plan of Action for Nutrition (PPAN).

Toward this mandate, the interagency NNC annually conducts the Monitoring and Evaluation of Local Level Plan Implementation.

It aims to assess the efficiency and effectiveness of local governments in planning and implementing local nutrition programs.

Likewise, in conjunction with the MELLPI, the NNC also evaluates

the performance of the Barangay Nutrition Scholars (BNS).

The BNSs are the barangay-based volunteers tasked to coordinate the delivery of basic nutrition and related services in their respective area of assignments.

Both the MELLPI and BNS evaluation are institutionalized activities since 1979 of the national and local nutrition committees.

The MELLPI and BNS Evaluation culminate with the recognition of LGUs and BNSs with exemplary performance in nutrition program management and delivery of nutrition services, respectively.

Recognition comes in the form of incentives/ awards such as the Green Banner Award (at Regional level), Consistent Regional Outstanding Winner in Nutrition (CROWN), Nutrition Honor Award (NHA) and the National Outstanding BNS. (Shaine Mae R. Nagtalon/PIA Misamis Occidental)

4Ps beneficiaries in Ozamiz City receive cash assistance from DSWD

O

By Shaine Mae R. Nagtalon

ZAMIZ CITY -- Over 1,200 families of the 51 barangays of Ozamiz City find relief after claiming their cash assistance and rice subsidy for the month of June to July from Pantawid Pamilyang Pilipino Program or 4Ps of the Department of Social Welfare and Development (DSWD) on 28 September 2017 at the Hilarion Ramiro Gym, Ozamiz City.

Pantawid Pamilya beneficiary Carmelita Aguilar, a 42 year old, housewife from Embargo, Ozamiz City said, “We accept whatever amount because it helps us, whatever comes, we are thankful for it.”

Due to 4Ps, life is easier because it helps in the expenses for

the kids’ education especially the additional grant release of rice subsidy, it was truly so hard when there was no 4Ps yet, shares Archel Requina, 38 years old from Tabid, Ozamiz City, who now works as a farmer.

DSWD Ozamiz City Action Team Leader Sanjeeve Tan said that a total of P600 per month is given to active and compliant beneficiaries of Pantawid Pamilya.

Aside from the P600 cash grant for rice subsidy, 4Ps beneficiaries also receive P500 every month for their health grant and the education grant of P300 for every child enrolled in elementary and P500 for every child enrolled in high school, where a household may register a maximum of

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As you b e g i n you r teaching journey, you’ll likely have all sorts of people offering you all sorts of advice. As a novice, there’s a tendency to accept advice at face value. After all, you’re

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Over 1,200 families of the 51 barangays of Ozamiz City find relief after claiming their cash assistance and rice subsidy for the month of June to July from Pantawid Pamilyang Pilipino Program or 4Ps of the Department of Social Welfare and Development (DSWD) on 28 September 2017 at Hilarion Ramiro Gym Ozamiz City. (Shaine Mae R. Nagtalon/PIA Misamis Occidental)

three children for the program.

He added, ”Grants claimed via offsite and over-the counter payments are all accepted in cash but not put in envelopes.

Paymasters count the money right in front of

the beneficiary before it is received.

Further, offsite payment is an option preferred by households living in far-flung areas.

Members claim their payment in cash from Rural Bank (RB) Rizal assistance/PAGE 9

Strategies for the first time teacher

By JOVER ACAO CABLINO DOLLAGA Teacher III Baliwagan National High School Baliwagan, Balingasag, Misamis Oriental

9

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Taxi... from page 4

development and testing of the entire future ecosystem for safe autonomous air transport.

In return, Dubai government was serious when it said it wants to be the first in the world to offer a flying taxi service.

Volocopter envisions a future where anyone could be able to hail a flying taxi like an Uber. Volocopter is offering something new for future passengers to feel safe by equipping each flying taxi with back-up batteries and rotors, as well as a couple of parachutes.

Dubai’s RTA has recently signed an agreement with Vo l o c o p t e r r e g a r d i n g the regular test mode of autonomous air taxis in the emirate.

The project is scheduled to run for five years. Dubai plans to handle 25per cent of all of its passenger travel using autonomous transportation by as early as 2030.

RTA’s primary reason for choosing Volocopter included the stringent German and international safety standards.

Soon, Volocopter lifts the world with ease and comfort albeit the monstrous traffic on the ground -- in congested cities like Tokyo, Bangkok, Kuala Lumpur, Bejing in China, Metro Manila and the rest of urban growth centers worlwide. Flying taxi, anyone? (ruffy44_ph2000@ yahoo.com)

Noblest... from page 4

Teodora Sacco and Lourdes Tibayan.

We found Mr. Tiangco awe-inspiring as he proved himself more than equal to the task of being principal, English teacher, adviser to the student publication, review teacher for one of the earliest national competitive examination. One of his key messages to his students: Read, read and read.

Day in and day out, he was first in school and last to leave. We, his students, could only wonder where he got all that energy.

But as busy as he was, he still found time to indulge in his two passions: collecting butterflies and writing.

Together with his five pretty daughters, he amassed a collection of hundreds of beautifully preser ved butterflies, which he proudly shared with his students and visitors.

He wrote short stories and poems which saw print in the pre-war Sun Tribune Mag a z i ne and l ate r i n Agricultural Commercial Industrial Life, Philippine Free Press, Mr. and Ms. and Women’s Magazine.

His short story “Father Damian’s Trial” placed 14th among 100 Best Short Stories submitted by Asian Authors in the 1987 Asia Week Story Competition. His play “Wild Flowers” topped a contest held by National Library Association of the Philippines for Stage Play Presentation.

He also authored two

books: Making Life Beautiful (a collection of inspirational essays and stories) and Message of the Apparition (a novel).

In 1976, after serving for 31 years as principal in Muntinlupa High School, Mr. Tiangco became principal of the Rizal High School, his alma mater.

He retired four years later upon reaching the mandatory age of 65. He died on February 1, 2006 at the ripe age of 91.

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

Loans... from page 5

exposures will improve the quality of BSP’s financial surveillance process as well as enable the BSP to adopt calibrated policy measures that shall be targeted only towards areas that warrant supervisory action.

Fitch, in a statement, said these new reporting requirements “may make banks more cautious in lending to these sectors, but it does not amount to regulatory tightening to curb growth.”

It pointed out that when the BSP placed motorvehicle loans to the same reporting requirements in 2015 growth of loans for this sector continued, with the June 2017 expansion at 24 percent.

“High system-wide loan growth could raise the risk of a credit bubble if it continues,” it said, but also noted that “credit growth does not so far appear to be fuelling asset bubbles.”

The credit rater said bank loans have risen double at around 18 percent on the average compared to the growth of nominal gross domestic product (GDP) in the last four years.

It said lending to the private sectors is still low at 45 percent of domestic output as of end-2016 but on sustained growth from 32 percent in end-2011. “(This) is likely to climb further in 2017,” it said.

It noted that majority of the banks “appear to have m a i nt a i n e d a c c e p t a b l e lending standards over this period and the NPL (nonperforming loan) ratio has remained benign at around 2 percent.”

“But in such a strong growth environment there is a risk that “blind spots” may develop, where downside risks may not be adequately priced into lending decision,” it said.

“Risks could crystallise into losses if, for example, the economy slows or interest rates rise significantly,” it added. (PNA)

Respects... from page 6

veer away from this purposive element.

The governor’s trickery by chang ing t he venue signified the false promises that politicians give towards their fanatics, cronies, and t he genera l public. An unpleasant venue provided

by an incompetent civil servant could only equate to an inefficient ser vice unworthy for the people.

As a localized adaptation intended for the audience’s appeal, some of the play’s dialogues mentioned athleteturned-politician Sen. Manny Pacquiao, and the current state of the Senate.

Bea’s mother commented that the issues concerning the country’s politics were lethal.

A firm critic against same-sex relations, Pacquiao came under fire in February last year for comparing homosexuals to animals, further stating t he homo s e x u a l it y d i d not exist among the latter.

His pronouncement had triggered LGBT communities that were lobbying for the legalization of a respectable same-sex marriage in the country.

The Senate, however, still had not legalized divorce, making the Philippines (ot her t han t he purely Roman Catholic-run Vatican City) as the only independent country that protected the traditional sanctity of marriage without considering its drawbacks.

But despite the cultural differences between Brecht’s view of a European marriage and T XS incor porating the Filipino tradition into the play, “A Respectable Wedding” deser ved the audience’s applause by the highlighted performance of its talented and skilful cast.

A union of experts Under the direction of Xavier Center for Culture and the Arts (XCCA) Director Hobart Savior, the play worked with well-utilized prop s , p e r fe c t l y - t i m e d effects, and stunning imagery of a silhouette during a scene that strummed the audience’s heartstrings.

Expertly executing the role of the bride’s mother was Silmonet who, at one point, almost tripped over the front hem of her gown, upon trudging towards the bride.

This elicited mild sniggers from the crowd before they burst in boisterous laughter with her comedic gestures.

Her adlib kept her character.

But this was due to her collective experience in theater. “I was onstage since 2013,” she recalled during an interview after the show. “It has always been a challenge to memorize the lines, and internalize the role.” She claimed to have overcome these.

Flaunting the charm of a leading man, Paolo Zulueta could have been a patient groom who tended an obsessive bride in his previous life. Upon his entrance in a silver suit and trousers onstage, his poised demeanor complemented his occasional gesticulated hilarity that ignited sighs – and suppressed squeals – from most of the females in the audience. If it weren’t for the paleness of his complexion – due in part to the lights and his thick foundation – Zulueta could have passed as Ejay Falcon

at a glance.

As a resu lt of t heir performance, smiles were displayed on the faces of the audience as they exited the theater after the fourth wall was lifted. Many praised the show for its constant comic relief – a different take from the trademark suspense that TXS adaptations are notable for. Some related its message in real-life situation.

“I believe in marriage,” declared Xavier Ateneo VP for Mission and Ministry Irene Guitarte. “The play reflected society, and it is true that it is usually the bride’s desire to experience a perfect wedding, but while watching [the play], I was telling myself that it is the agreement made between husb and and wife t hat matters most.”

It has always been the aim for TXS to promote theater as a venue for learning. In his closing remarks, Savior noted, “We hope that we will really continue to develop the culture of arts here. We hope to reach to a point where you will no longer be required to watch the shows; instead, you will watch them by your choice.”

In relation to reality, Savior challenged the audience with the question, “Which is really more important to you: the wedding or the marriage?”

“These choices in life will give you a better view of making yourself better individuals,” he added.

In Brecht’s short play, the right choices to make in unanticipated circumstances will earn the individual more respect than one sulking over the hindrances towards the fulfilment of a shallow desire. A wedding may occur only once in a couple’s lifetime, but the commitment to marriage is a lifetime decision. *** “A Respectable Wedding” premiered on September 21, 2017, and continues a weeklong run with matinee and gala shows until September 30, 2017. Directed by Hobart Savior, it alternately stars Paolo Zulueta, Tracy Dy, Tat Soriano, Mary Globien Capillan, Hian Lao, Moira Flores, Andrew Begafria, Aicy Soriano, Kissie Fudolin, Faith Silmonet, Neil Dumangas, Queenie Roluma, and Camille Magnanano. Based on Bertolt Brecht’s short play-of-thesame-name, it is adapted and translated in Filipino

by Bonifacio Ilagan.

Assistance... from page 9

Dipolog personnel stationed in specific venues on specific dates with the presence of DSWD workers called “municipal links” and local bookkeepers.

Meanwhile, Provincial of Public Service Company (PPSC) assisted the DSWD and Rural B ank for the security of releasing c a s h a s s i s t a n c e t o 4 Ps Beneficiaries.

D S W D ai ms to help 4Ps beneficiaries in their transition from poverty.

(Shiane Mae R. Nagtalon/ PIA Misamis Occidental)

11

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Symptom... from page 1

to the rejection of this evil.

These stories of solidarity likewise attest to the Filipinos’ sense of sharing a common humanity with anyone in need, regardless of creed or community,” the Sept. 28 statement reads.

Aside from Bishop Ledesma, other signatories included Most Reverend Edwin de la Peña, the bishop prelate of Marawi; Mona Liza Pangan, a Marawi resident; Dr. Said Zamahsari Salendab, secretar y general of the Hayatul Ulama; Dr. Ustadz Abdulmuhmin Maujahid, executive director of the Regional Darul Ifta in the Autonomous Region in Muslim Mindanao; Dr. Mauro Garofalo, head of international relations of the Community of Sant’Egidio’; and Prof. Alberto Quattruci, secretary general of Peoples and Religions, also of the Community of Sant’Egidio.

“We need to build a Culture of Peace based on personal integrity, respect for human rights, intercultural dialogue, care for the environment, peaceful coexistence and eradication of poverty,” the group added.

The group issued the st atement dur ing t heir visit to the Community of Sant’Egidio in Rome, Italy, for a dialogue on peace in Mindanao, recently.

They also upheld that Islam and Christianity are religions of peace as they call for the inclusion of “peace education at all levels in our schools, madaris and communities.”

Inter-faith and intrafaith dialogue, they said, should be promoted as a means of understanding and appreciating other cultures and religions and enhancing cooperation.

The group also welcomed the current efforts at writing a more inclusive history of Mindanao that explores the root causes of conflict and depicts significant events and personalities from Muslim and indigenous p eople communities.

“We commit ourselves to reach out to our youth, who will be the future leaders of our Mindanao communities. They have so much to contribute towards building our communities with a renewed vision of Mindanao as our shared homeland,” they said.

The Marawi conflict has already displaced more than half a million civilians, with close to a thousand people already killed. (PNA/Jigger J. Jerusalem)

Bikers... from page 1

public regarding the hardships the uniformed personnel have to go through to eliminate the insurgents in Marawi.

“Now more than ever, this is the right time to unite.

We have to convince the ‘silent majority’ to speak out,” Evangelista, himself a biker, told the riders and soldiers at the Phil. Army’s 4th Infantry Division (4ID)

headquarters on Saturday.

Through “Breakfast Ride,” he said other civilian sectors can initiate their own moraleboosting projects to raise the spirits of the armed forces in Marawi.

Major General Ronald Vi l l a nu e v a , t h e 4 I D commander, said the ride was no to just to show support to the troops but as an expression of love for one’s country.

Jondi Lacson, a motorcycle enthusiast and head of a motorcycle dealership in Mindanao, said the MCBBC is planning on producing an indie film that will document the stories of soldiers who are in Marawi.

Part of the proceeds of the Breakfast Ride will be used to finance the production of the film.

Lacson said the film will be about the war in Marawi and will focus on the troops.

System... from page 1

(ICT) companies, according to Davao City Mayor Sara Duterte.

“This is the first in our country and we are more than thrilled that the Cable Landing Station is installed in Talomo, Davao City. Stable connectivity has long been coveted by Filipinos and this breakthrough merits our approbation,” Duterte said in a statement.

The S outheast AsiaUnited States (SEA-US) submarine cable facility supports the efforts of the telecommunication company to improve its services in Mindanao t hroug h t he establishment of a data center in Davao to address the increasing ICT requirements of major industries in the region.

The 14,500-kilometer undersea cable uses the latest 100 gigabits per second transmission technology to deliver an additional 20 terabits per second capacity leading to the significant growth in bandwidth between the two continents.

Globe has invested USD 80 million on top of the USD750 million capital expenditure of the company this year to bolster data capacities. It will be utilized for the LTE deployment using the 700 megahertz (Mhz), 1800 Mhz, and 2600 Mhz frequencies.

“This will not be possible without the help of many agencies especially the local government unit in Davao.

This project was started about five years ago with a commitment to provide faster transmission, more efficient connectivity and greater network resiliency in Mindanao and the rest of the country. The LGU gladly accepted it, facilitated all our permits, ensured the security of the project and in a certain degree, validated the location of the cable landing station and the future data center.

Our business is growing very well in Davao and I’m sure that this added capacity will be put to good use,” said Globe president and CEO Ernest Cu. T h e S E A- U S C a b l e

system adds another layer of redundancy to the Globe network since it uses a different route to directly link Asia to the US for faster data transmission, more efficient connectivity and greater network resiliency bypassing disaster prone areas.

The system was built by a consortium of 7 international telecommunications companies and links five regions that include Manado (Indonesia), Davao (Philippines), Piti (Guam), Oahu (Hawaii, United States), and Los Angeles (California, United States). (PNA)

Transfer... from page 1

Emano said the time has come for the province to transfer its capitol nearer to its constituents. He expressed his gratitude to the University of Science and Technology of Southern Philippines (USTP) for donating a 50-hectare property in barangay Lourdes, Alubijid town, for the new capitol site.

Emano said the province has already created two committees to supervise the transfer process, namely the public private partnership (PPP) selection committee and the PPP regulator y committee.

To be chaired by the governor, the committees will composed of Sangguniang Panlalawigan memb er G e r ard o S ab a l I I I , SP member Wayne Militante, provincial administrator Jocelyn Mateo, provincial legal officer Neil Pacana, provincial development officer Stanley Uriarte, the Provincial Agriculture and Fisheries Council and Landcare Foundation of the Philippines as members.

Emano disclosed that at least three conglomerates— Ayala, SM and Filinvest—are interested to pursue the PPP scheme in developing the existing capitol compound situated in a one-hectare area along Velez Street.

In April, the Sangguniang Panlalawigan approved the PPP ordinance, signalling the start of talks among the interested parties.

The PPP is a contractual agreement between a government entity and a private f irm towards financing, designing, implementing and operating infrastructure facilities and s er vices that were traditionally provided by the public sector.

Emano said the winning party will build the new provincial capitol in Alubijid and a separate provincial jail campus in Initao municipality.

In exchange, the contractor will have commercial rights over the old capitol complex.

(PNA/Mark D. Francisco)

Mock... from page 12

Composing the members of the City Council are youth city councilors Sofia Allyson Sy (Xavier University), Clint Russel Dosal (Bugo Nat’l High School), Mary Joy Corpuz (Dansolihon Nat’l High School), Princess Khylaa

Racman (Balulang Nat’l High School), Shaina Cassandra Laid (Iponan Nat’l High School).

Julian Marie Tan (Lumbia Nat’l High School), Jackyloue Saberon (Bayabas Nat’l High S chool), Elda Marrizze Galacio (Little Me Academy), Christine Mae Madtahir (Puntod Nat’l High School), Xymon Rosales (Indahag Nat’l High School), Christ Israel Millare (Bulua Nat’l High School), Pauline Jhun Amper (Lourdes College).

E m m a nu e l l e Ni c o l e Sinayon (Cag. de Oro Nat’l Hi g h S cho ol ) , Jamai c a Alico (Noah’s Ark Christian School), Jayson Kilat (Carmen Nat’l High School), Rio Patricia Legaspi (Cag. de Oro College-Phinma), and Christine Alexie Adlaon (International School).

Wh i l e s itt i n g d ow n as department heads are Robert Roy Gallardo (city council secretary), Meryl Blenkelly Loquero (city administrator), Dionne Gemmajelle Sumanpan (city information officer), Jaylord Cris Borres (CSWD officer), Zeefril Saldivar (CHUDD officer), Liannah Danika Lambayao (city tourism officer), Matthew Sugang (CID head), Kenrick Jupe (CDRRMO officer), Allena Ma e L ibr and o ( C l e n ro officer), and Matt Johnnel Baylosis (PESO head).

From thence, they immediately assumed their duties for the whole week such as sitting side by side with their respective adult counterparts and formulating recommendations at the end of the week based from what they have learned.

The Rotary Youth Officials Week is one of the biggest annual projects of Rotary Club of Cagayan de Oro. It aims to cause leadership development among the youth in the city.

Isuzu... from page 3

under the modernization program.

He added that this can be similar to the Comprehensive Automotive Resurgence Strategy (CARS) Program of the Department of Trade and Industry (DTI), giving fixed investments incentives, incentives on tooling, and subsidizing certain portion of the production.

Under the PUV Modernization Program, the government wants to lift the standards of PUV, making it safe for commuters and lessen its pollution to the environment.

The modernization program eyes to phase out some 200,000 jeepneys which are over 15 years old and replace them with next generation PUVs. (PNA)

Pilmico... from page 3

name to Pilmico Animal Nutrition Joint Stock Co. Sabin M. Aboitiz, Pilmico President and Chief Executive Officer, said in a statement: “We are celebrating another milestone for the Aboitiz Group, particularly for Pilmico, as it embarks on

another international venture.

Despite foreseen market challenges, Vietnam remains a strategic country for Pilmico, given its strong economy, a promising livestock industry and access to potential export markets.”

In July 2014, Pilmico acquired a 70% stake in Vietnamese aqua feed firm, Vinh Hoan Feeds, based in Dong Thap.

Pilmico International is one of the three AEV food subsidiaries. The other two are Pilmico Foods Corp. and Pilmico Animal Nutrition Corp.

Reduce... from page 3

support the company’s sustainability goals.

SMC president and chief operating officer Ramon S. Ang said the two major initiatives are part of a larger push towards sustainability.

Ang, however, clarified that the discontinuation of the bottled water business will not count as part of the water use reduction efforts.

Culture of conservation Ang said the establishment of baseline water consumption figures will boost water reduction measures and encourage a culture of conservation throughout the San Miguel Group.

To meet its targets, SMC directed all its facilities to implement water recycling and rainwater harvesting, to minimize scarce water consumption and use non-scarce sources (rainwater, harvested, grey and sea water) over the long term.

Monitoring of water use will also play a key part in the effort. As such, the company has asked all facilities to update its meters and install sub-meters where needed.

“Right now, we’re looking at several ideas for us to meet our 2020 and 2025 goals, and the businesses are given leeway to think of other innovative

ways to reduce domestic and utility water consumption. This includes investment in water use technologies,” he added.

One of these programs includes a zero liquid waste program being considered by power subsidiary SMC Global Power for its new Limay, Bataan and Malita, Davao power plants.

“At the core of this effort is driving accountability into our corporate culture. And by that, we do not only mean to affect our businesses, but also our individual employees. We want to instill a culture of conservation among everybody,” Ang said.

Ang also emphasized the role of the company to educate its business partners and its communities regarding water stewardship.

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and humble in our hearts?

Yes, that’s the great news! God the Son humiliated Himself by becoming a human being to die and pay the penalty for our sinful pride which separates us from God. But He also will set us free from the power of our sinful pride.

Jesus Christ will forgive you right now-if you ask Him. Then He will also give you His power and love, so you can start changing to become the truly humble, honest, and successful person He created you to be. Just Think a Minute.

EXTRA-JUDICIAL SETTLEMENT WITH DEED OF ABSOLUTE SALE

Notice is hereby given that the intestate estate of the late spouses FRANCISCO P. ISRAEL and LEA P. ISRAEL who died on AUGUST 25, 2012 and on MARCH 28,2016; That the said deceased left no debts and no will or testament, but left two(2) parcels Lot No. 2173 located in Mapulog, Naawan, Misamis Oriental containing an area of seventeen thousand eight hundred forty (17,840) square meters, more or less, covered by Tax Declaration No. 22-0005-00243 and Lot No. 205 located in Poblacion, Naawan, Misamis Oriental containing an area of three thousand twenty-seven (3,027) squaremeters, more or less, covered by Original Certificate of Title No. P-12024 with Tax Declaration No. 22-0001-00834; the late spouses FRANCISCO P.ISRAEL and LEA P. ISRAEL is the subject of DEED OF EXTRAJUDICIAL SETTLEMENT OF HEIRS; is made and entered among WILFREDO P. ISRAEL, ALDEN P. ISRAEL, GRACE I. PRADO, all legal ages, Filipino citizens, and residents of Poblacion, Naawan, Misamis Oriental, by virtue of Special Power of Attorney executed before Notary Public/Atty. Ike L. Roa and entered as Doc. No. 410; Page No. 82; Book No. 07; Series of 2017.

Notice is hereby given that the intestate of the late JOVETA MERCADO MABULAY who died sometime on May 4, 1999; That the said deceased at the time of her death left a certain parcel of land; Lot No. 23086-B-B-1-A) being a portion of Lot 23086-B-3-B-1) situated in the Barrio of Bulua, City of Cagayan de Oro, containing an area of ONE HUNDRED (100) Square meters, more and embraced by Certificate of Title No. T-143394; the late JOVETA MERCADO MABULAY is the subject of EXTRA-JUDICIAL SETTLEMENT WITH DEED OF ABSOLUTE SALE; is made and executed among; ROBERTO Y. MABULAY, widower; ROBERTO M. MABULAY, married; LEO OMAR M. MABULAY, single; RICO ROMEO M. MABULAY, married; MARCO ANTONIO M. MABULAY, married; ROWENA AMOR MABULAY-JOHNROW, married; all residents of Upper Zone 5, Bulua, Cagayan de Oro City except ROWENA AMOR M. JOHNROW who is resident of Las Vegas, Nevada, U.S.A.; after referred to as Vendor and SPS. JOSELITO LUCERO and LIEZEL LUCERO, husband and wife respectively, Filipino citizens, a residents of Zone 5, Bulua, Cagayan de Oro City, hereafter referred to as Vendees; for and in consideration of the sum of ONE HUNDRED FIFTEEN THOUSAND (P115,000.00), Philippine Currency, and entire receipt of which is hereby acknowledged from SPS. JOSELITO LUCERO AND LIEZEL LUCERO, all oge legal age, Filipino citizens, husband and wife respectively, a residents of Zone 5, Bulua, Cagayan de Oro City, we hereby, by these presents SELL, CEDE, TRANSFER and ENCUMBER unto the herein Vendees, his Heirs, assigns and successors in interest, the herein above described parcel of land; Under Notary Public of Atty.

MACODI AGUS; Doc. No. 492; Page No. 95; Book No. 248; Series of 2001.

BWM: Sept. 25, Oct. 2 & 9, 2017

BWM: Sept. 25, Oct. 2 & 9, 2017

DEED OF EXTRA-JUDICIAL SETTLEMENT OF HEIRS

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29 junior high students act as Oro mock officials C

Story by MARK FRANCISCO Photos by CITY INFORMATION OFFICE

AGAYAN DE ORO CITY – The Rotary Club of Cagayan de Oro has once again shepherded 29 junior

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high students from various secondary schools here to act as mayor, vice mayor, councillors and department heads

with their real life counterparts.

For one week starting September 25, the junior high students busied themselves immersing in the various functions of the local government unit

Councilor Ian Mark Nacaya, himself a former representative of the youth, inducts the Rotary youth city officials last September 25.

(LGU).

Prior to the event, these students attended the New Generation forum at Philtown Hotel with the topic on human trafficking.

Panelists in the forum this year were Senior Insp.

Nerfe Daganato, chief of the Regional Women and Children Protection Desk; Chief Insp. Ignacio Gamba III, regional chief of the Anti-Cybercrime Group; Sis. Diana Madura of the Archdiocese of Cagayan de Oro Women Ministry; Eleony Monding of Tisaka; and Honey Tulang of the City Social Welfare and Development Office.

Rotary Club of Cagayan de Oro president Tonyboy Fernandez said they chose human trafficking as the topic for this year’s forum

Rotary youth councilor Rio Patricia Legaspi, guided here by Councilor Eric Dael Salcedo, participates in the discussion at the City Council session last September 25.

because of its relevance among the youth.

Two days later, the students were ready.

Christian Cezar Manabat of Liceo de Cagayan University took his oath as youth city

mayor before Majority Floor Leader City Councilor Ian Mark Nacaya, along with Anthony Francis Fornilos of Merry Child School as youth city vice mayor. mock/PAGE 11