BusinessWeek M I N DA N A O CREDIBLE
Volume XI, No. 51
Market Indicators AS OF 6:00 PM OCT. 1, 2020 (THURSDAY)
FOREX US$1 = P 48.43
PHISIX 5,944.87
X X Briefly
6.50
80.64
cents
points
Fake biocon DAVAO City – A farmerscientist in Davao del Norte has warned banana growers on the proliferation of fake biological control agents used as a solution to combat Fusarium wilt or Panama disease. In an interview on Monday, Roni Manching, who formulated the KWR Permaculture concoctions, said certain individuals from Kapalong, Davao del Norte, have been selling fake organic products to banana growers. Manching's KWR Permaculture has already served 50 sites with about 600 hectares in various provinces of the Davao Region.
Dinagat tourism BUTUAN City – The province of Dinagat Islands launched Sunday a new brand of tourism that is grounded on community conservation. Under the new direction, tourism on the island will not only promote its stunning beaches and picturesque tourist spots but also focus on the involvement of communities in conserving nature, Jeff Crisostomo, Dinagat Islands provincial information officer, told the Philippine News Agency Monday in an interview. “Involving the communities in tourism means people in localities enforce the rules, policies, and guidelines in nature conservation,” Crisostomo said, adding that communities would also be involved in other tourismrelated business opportunities such as food and transportation services.
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Friday|October 2, 2020
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By BONG S. SARMIENTO, MindaNews
G
ENERAL Santos City – Traders and producers of fresh mature tuna species, which are caught using the traditional handline fishing method, are gradually getting back on their feet with orders from abroad, mainly the United States, making a comeback, industry players said.
John Heitz, an American expatriate who is engaged in international tuna trading for three decades here, said Wednesday he resumed the foreign shipment of fresh large tuna after six months of shutdown due to the coronavirus disease (COVID-19) pandemic. “I’m back on business even if the tuna market in the United States is EXPORT/PAGE 7
BLUE LAGOON. This fresh water blue lagoon, owned by the Usman-Gani Farm in barangay Margues, Datu Odin Sinsuat municipality in Maguindanao, offers cool respite to local residents amid the warm climate. The downstream provides irrigation to farms. mindanews photo by jules benitez
27 CDO cops contract COVID-19 By FROILAN GALLARDO, MindaNews
AN entire force of 27 policemen in Cagayan de Oro City have contracted the coronavirus disease (COVID-19), prompting officials to temporarily close the precinct for several hours
for disinfection. Dr. Joselito Retuya, City Health Office epidemiologist, said 27 members of the police precinct in Cogon public CONTRACT/PAGE 7
Mindanao records 14 ASF outbreaks TUNA EXPORT. Traders haggle for the prices of fresh tuna stocks unloaded at the fish port complex in General Santos City. mindanews file photo by bong s . sarmiento
THE PHILIPPINES has logged 14 new African Swine Fever (ASF) outbreaks, according to the latest report by the Bureau of Animal Industry (BAI). In the latest report to the World Organization for Animal Health, BAI Director Ronnie D. Domingo said that
an additional 7,518 pigs were culled due to the new outbreaks. A m o n g A S F- a f f e c t e d a r e a s , Magsaysay, Davao del Sur accounted for 1,536 of the culled animals, followed by Magpet, North Cotabato with 1,345 OUTBREAKS/PAGE 7
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FRIDAY|OCTOBER 2, 2020
Lands within ancestral domain cannot be sold, NCIP declares
D
AVAO City -The National Commission on Indigenous Peoples has reiterated that lands within ancestral domain cannot be subject to commerce. The NCIP has issued advisory number NA-2020-08-001 Series of 2020 which cites Section 5 of the Indigenous Peoples Rights Act which states that “Indigenous concept of ownership sustains the view that ancestral domains and all resources found therein shall serve as the material bases of their cultural integrity. The indigenous concept of ownership generally holds that ancestral domains are the ICC’s/IP’s private but community property which belongs to all generations and therefore cannot be sold, disposed or destroyed. It likewise covers sustainable traditional resource rights.” The advisory was issued as it has come to the attention of the Commission that selling of portions of ancestral domains is still continuing despite the effort of the NCIP in educating and
inculcating the nature of ownership of the indigenous peoples to their ancestral domain. All NCUP regional and provincial offices, Community Service Centers, Indigenous Political Structures, Council of Elders, Indigenous Peoples Organizations, Indigenous Peoples Mandatory Representatives and Tribal councils are hereby enjoined to stop prohibit and report any transaction dealing in, and/or negotiating the transfer and selling of portions or parcels of ancestral domains. These pertains to any form such as Deed of Sale, Transfer of Rights
and the like. The NCIP has warned that full sanctions will be imposed on those who are part to any transactions pertaining to the selling of these lands. An exhaustive investigation will be conducted on any complaints involving the sale of these lands. This efforts will include the preparation of complaint-affidavits and the filing of cases in court against these erring individuals. The heads of Local Government units, the barangay, barangay legislative councils and realtors are advised to refrain from facilitating, dealing and negotiating
transactions involving the transfer and sale of portions of the ancestral domain or any illegal intrusion into the ancestral domains. These acts include the signing of documents of transfer or sale as witness as this will create a wrongful
perceptions of the legality of the sale or transfer to the willing of unknowing buyer. These illegal acts are punishable by imprisonment of not less than nine months but not more than 12 years or a fine of not less than P100,000 nor
more than P5000,000. In addition the guilty party shall be obliged to pay the indigenous cultural community/IP concerned of whatever damage may have been suffered by the latter as a consequence of the unlawful act. (PIA XI/ RG Alama)
ONE DAY, SOMEDAY MA. ROSALIE M. SACAL Teacher I South City Central School
There was a time when the world welcomed a new year full of hope, love, and wonder. Vacations were booked ahead, family celebrations prepared beforehand, weddings RSVP-ed, and work hours scheduled strategically to acquire year-end bonuses. Things were going well according to plan until COVID-19 hit the world; vacations are now cancelled, family celebrations became limited, weddings postponed, businesses closed, and work opportunities scaled down. When everything else seemed on hold, life and bills continued on. Remembering the biblical saying "Trust in the Lord with all your heart and lean not on your own understanding; in all your ways submit to Him and He shall direct your path," got most people through the first months of quarantine. But when problems double, payables triple, and losses quadruple, trusting the Lord seemed quite difficult and submission to Him does not seem to be one of the options. It is all or nothing now. One of the greatest loss some people had to deal with this season is losing the one close to home --COVID or no COVID. It may seem like one morning ago the one we love was happily cheering for our success, the next thing we know they are breathing limitedly in front of our eyes. The thing about losing life is not that we are unprepared for it but that we are reduced to helpless beings that no longer give value to our bank accounts, our tomorrows, and our struggles. We weakly kneel in prayer before God, pleading Him to hear our causes. The feeling of helplessness and inadequacy make us realize that no matter how much we have acquired and achieved, we are willing to trade it all just to see the one we love breathe again. Just as when we have said our most heartfelt prayer, pleaded the most intimate cause, and prepared the most pleasing sacrifice, we lose our battle of faith to a loss. Our prayers go unheard of, our requests unanswered, and our sacrifices denied. Heartbreak fills our soul as our heart magnifies our loss each and every passing day. We undergo grief 's multiple stages, from denial to acceptance, until we finally understand the gravity of trusting God and submitting to Him.
One must understand that trusting Him meant acknowledging He does not fit inside a box of our ideals. He that sees the deepest and darkest room of our hearts reminds us to grant Him access to the key. He that generously gives and lovingly takes away has seen what has been, is, and is to come, and tells us to never rely on our imperfection. Submission meant knowing the life we have been given is to be given back to Him in full surrender. In everything that we do, we do it all for Him who gave it all for us. Fully trusting and submitting to His love meant the paths where He directs us is never for our destruction but always for our prosperity --even in the midst of our losses. The pain of losing someone we love is excruciating. But trusting God and fully submitting to Him means we now understand that it is only the physical that we lose: the body that gets sick, that rots, that is left without life. When our perspective gets so earthbound because of our losses, God stretches out His hand to wipe our tears away and hold us as He takes us into a walk filled with divine wisdom. Trusting God and submitting to Him meant we are allowed to feel pain, to feel lost, to feel desperate, to feel defeated, and to feel angry of our loss but with humble rejoicing. We rejoice with the fact that our pains make us human. We rejoice with the fact that even if we feel lost, the earth is just His footstool and we realize that we are just at His feet after all. We rejoice with the fact that in our desperation for answers, He has already known the very words we are about to utter. We rejoice in the fact that in our defeat, Jesus Christ has won it all for us. We rejoice in the fact that godly anger sets the line to the righteousness that God has called us to. Trusting and submitting meant less about what we can give but more about what we heartily surrender. One day when all of 2020 is passed and new revelations come, we will see the beauty of the losses we have cried for. We do not look forward for the celebration of that One Day, but rather pray that as we face it, we have finally known what it truly meant to trust & submit to Him.
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
3 PH manufacturing reaches stable condition in Sept. T Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
FRIDAY|OCTOBER 2, 2020
HE IHS Markit reported on Thursday that the Philippines’ manufacturing purchasing managers’ index (PMI) for September breached the 50-mark, signaling stability in the sector.
CorporateWorld
The country’s PMI last month was at 50.1 after recording below 50-level since the start of lockdown measures in March. This improved from the manufacturing score in August at 47.3. The 50-mark means a stable manufacturing
sector; below 50 reflects contraction, while above 50 signals increased production activity. In the Asean, only the Philippines and Vietnam registered stable manufacturing conditions while countries like Malaysia, Myanmar,
SEC grants Jocals688 motion to resume operations By MARK FRANCISCO
THE Securities and Exchange Commission (SEC) has granted Jocals688 Beauty and Wellness Products Trading, Inc. motion to resume operations. In a ruling issued August 19, the SEC granted the motion to resume pending the resolution of the motion to lift the cease and desist order issued against it. The ruling was signed by SEC chairperson Emilio Aquino, Ephyro Luis Amatong, Javey Paul Francisco, Kevin Lester Lee and Karlo Bello. According to the SEC ruling, the motion to resume was granted because it found merit in the petition of Jocals 688 Beauty and Wellness Products Trading, Inc. because the company was able to explain the matter relating to the alleged invalid TINs of two of its incorporators. “Moreover, Jocals688 was also able to show and submit proof, in addition to its existing licenses, that the products that they are marketing and selling are
duly registered with the FDA,” read part of the ruling. Along this line, SEC required Jocals688 Beauty and Wellness Products Trading, Inc. to submit a manifestation and compliance with an affidavit of undertaking to limit its operation to the sale of its registered products and desist from implementing the buy and earn program which constitutes offering, soliciting and selling of securities in the nature of investment contracts until a registration statement has been filed and approved by SEC. In a separate phone interview, Jocals688 Beauty and Wellness Products Trading, Inc. chief executive officer Joshua Calderon assured the public that they will abide by all the conditions set forth by the SEC. “Kabalo ko mobangon ra ang Jocals pagbalik sama sa una. Kita tanan mabulahan basta mo-back to normal ang company,” Calderon said. WITH REPORT FROM GERRY LEE GORIT
Thailand, and Singapore recorded contractions. “The latest Philippines manufacturing data showed that operating conditions stabilized at the end of the third quarter. New business expanded for the first time since February, albeit tentatively, while production levels dropped only slightly,” IHS Markit economist Shreeya Patel commented. IHS Markit said new orders increased for the
first time since February. Businesses linked the higher sales to the reopening of the economy and firmer client demand. Export sales likewise improved last month. IHS Markit added that clients were buying in advance as they prepare for more stable market conditions in the coming months. Meanwhile, the Department of Industry welcomed this
development. “Glad to hear that recovery for manufacturing has continued as we reopened more sectors of the economy. PMI is now back to over the benchmark 50. We have to continue to reopen the other sectors that remained partially closed to bring back more jobs and income opportunities that will re-stimulate demand and STABLE/PAGE 6
Cebu Pacific expects to weather pandemic
CEBU PACIFIC remains hopeful that it will survive the crisis despite the expected long period of recovery. The budget carrier, operated by Cebu Air, Inc., said it anticipates its recovery to “take longer than expected,” similar to Fitch Ratings’s recent forecast that local airlines will not bounce back to their pre-pandemic passenger volume next year, as the pandemic situation in the Philippines remains a “high risk.” “However, we continue being hopeful as we see there is still an inherent
and latent demand for travel,” Candice A. Iyog, Cebu Pacific vice president for marketing and customer service, said. She said the Gokongwei-led carrier is “still well-placed” to weather the crisis. “To note, our net debt to equity ratio as of end of 1H (first half of ) 2020 is only 1.9x, still very low in the industry, thus allowing us to raise more capital. While we are in the process of doing this, we cannot disclose further details as the transactions are not done and it is breach of confidentiality to
name the counterparties,” Ms. Iyog explained. To recall, the listed operator of Cebu Pacific swung to a net loss in the second quarter, hit by the ongoing pandemic. The company reported a net loss of P7.96 billion for the quarter, reversing a profit of P3.79 billion in the same period last year. The governmentimposed travel restrictions during the period resulted in a nearly 93% decline in the company’s gross revenues to P1.42 billion from P23.53 billion in the year-earlier period. EXPECT/PAGE 6
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Opinion
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Read the signs Think a minute...Years ago on the night of 14 April, the ship named Californian had come within 1500 miles of its destination of Boston Harbor in the U.S. It was midnight and Second Officer Herbert Stone reported for his watch. He found his apprentice looking through binoculars at another ship in the dark distance. He could see some lights, so Stone told the apprentice to try to communicate using the Morse Code light. But the other ship did not answer. Then five more white flashes came from the other ship, followed by another four white flashes, so Stone called his captain. The captain ordered more light signals to be sent, but still no answer came. They noticed the other ship’s cabin lights were disappearing, so it appeared to be sailing away. At 1:40 AM Stone saw the eighth and last white flash in the night sky. It was not until 4 AM that they learned the truth about the other ship. Second Officer Stone and his captain had not understood that the lights and flashes from the other ship were alarm signals. That night
THINK A MINUTE
JHAN TIAFAU HURST of 14 April, the Californian had stopped in the middle of the ocean since there was a dangerous field of ice in the water. It was while they were stopped and waiting that they saw the lights from the other ship in the distance. The other ship had sent those light flares as distress signals, and the Californian that was only nine miles away would have rushed to help save it except for one thing. The other ship had been sending distress signals both by lights and radio, but the Californian’s new young radio operator was sleeping. So that night, Second Officer Stone and his captain did not know the light flashes were SIGNS/PAGE 7
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FRIDAY|OCTOBER 2, 2020
We still hang by a thread
BY and large, we are in a highly precarious state as far as leveling off the spread of Covid-19 pandemic. The monthly declaration of quarantines is indicative of the government’s effort to contain the dreaded virus. And sadly, a see-saw thing with the pandemic continues to creep in every inch of our dear lives. Never before we have had this kind of health crisis on a global scale. Covid-19 has turned our way of life completely upside down — from the economic side of it to the adjustment disorder we are now facing on a global scale.
In fact, an unprecedented level of anxiety has been spreading like wildf ire worldwide with no exemption in sight — rich or poor, the healthy and the weak, young and old alike are all probable victims of the pandemic. Having said that, there is now a surge of the pandemic even among our local police force. Like it or not, we are now unconsciously suffering from heightened anxiety, more so of depression and mental trouble in the work place, at home ; and elsewhere. On the economic side, just how big an impact can a Covid-19 have on the global
economy? According to financial experts, the effect is dramatic and devastating, especially with potential vaccines are still several months away, at best. Indeed, the pandemic has now incited the worst economic slump since the Great Depression. And here is the takeaway and why: the economic impact of the pandemic may last longlasting even if the underlying cause is contained quickly. The vast spread of Covid19 means we are likely in for a more protracted economic downturn. That biting words of Joe
UNRUFFLED
RUFFY MAGBANUA Biden against Trump were an excellent fit to call off the attention of Mr. Covid: will you shut up, man? Man, we still hang by a thread. (ruffy44_ph2000@ yahoo.com)
What has BFAR done? The Silent Killer of Macajalar Bay The onset of the rains that is battering Mindanao saw dead fish floating in Macajalar Bay particularly near the mouth of Agusan River. The culprit is believed to be the toxic chemicals coming from the surrounding vast plantations that are heavily using pesticides, herbicides and chemical fertilizers. These non-biodegradable petroleum-based agricultural inputs are washed from the soil into the rivers and into Macajala Pity the fish but pity more Macajalar Bay. Every time I see Macajalar Bay, I remember the lines of the beautiful poem which begins with “Rage, rage, rage against the dying of the light . . .” Deep inside I feel the pain and the anger not because of the “dying of the light” but in the impending death of an ecosystem, the natural world of Macajalar Bay whose beauty is both awesome and humbling. The grandeur that is Macajalar Bay from Sulawan Point in Laguindingan to Punta Gorda
in Balingasag, speaks well for itself. But the same grandeur is now fast disappearing as it undergoes progressive state of impairment and with it, the marginalization of the coastal populace. In the opening lines of the poem, Charge of the Light Brigade, “there are cannons at the left of them, cannons at the right of them, cannons facing them.” Such is also true in Macajalar Bay, not cannons but vast plantations. Every day, these plantations are applying chemicals at every stage: applying Nematicide during land preparation, Phosphoric Acid (fungicide), Actara (Insecticide) and Duiron and Promacil (herbicide) during pre-planting. Immediately after planning, they apply Duiron and Ametryne. Tons and tons of chemical fertilizers are applied as basal then bombarding the growing crops with foliar fertilizer at 1,500 kgs. per hectare. There are about 48,000 hectares of plantations surrounding
Macajalar Bay, multiply these by 1,500 kgs. you imagine 100 trucks dumping chemicals every day in Macajalar Bay as ultimately, these chemicals find their way into the bay and of course, into our water table as these toxic chemicals are non-biodegradable. These toxic chemicals are ingested by fish that cause their sudden death, and if the fish survive with carcinogenic elements in them, these are bio-magnified that find their way into our bodies when we eat fish. Are you still wondering why many are dying of cancer in Cagayan de Oro? Indeed, these poisonous chemicals poison sea life and even entered food chains. Many of our fisherfolk can attest to the fact that when it rains, many fish float dead in the rivers and in the sea. Worse, we strongly suspect that the water table may already be contaminated by these toxic chemicals. In fact, no less than the former Regional Executive Director of the
KIM'S DREAM
ORLAN R. RAVANERA DENR, my best friend, Dir. Raoul Geollegue claims that our drinking water may have been contaminated already. If that be so, then, we can aptly say, “drink now, die later.” Following the precautionary principle, we in Sulog have been clamoring that our water table be examined as the Cagay-anons may be drinking or bathing or using water for cooking which are already contaminated with these toxic chemicals. But until now, such plea falls on deaf ears. One day, the people of Cagayan de Oro will wakeSILENT/PAGE 7
UNWTO launches Tourism Recovery Tracker As growing numbers of countries around the world e as e rest r ic t ions o n t r a v e l , t h e Wo r l d Tou r i s m O r g an i s at i on , UNW TO, has launched a new Tourism Recovery Tracker to support global tourism. This represents the latest concrete action undertaken by the United Nations specialised agency as it leads the response of global tourism and guides recovery. The most comprehensive tourism dashboard to date, the Tracker is the result of a partnership between international organisations and t he pr ivate s e c tor. Available for free, it covers
key tourism performance indicators by month, regions and sub-regions allowing for a real time comparison of the sector recovery across the world and industries. The UNWTO Tourism Recovery Tracker compiles all the relevant data in one place, giving governments and the private businesses the ability to track the re cover y of tour ism at global and regional level, alongside information on the top destinations for international tourism The tracker includes data on: international tourist arrivals, seat capacity in international and domestic air routes, air travel bookings, hotel
searches and bo okings, occupancy rates and demand for short term rentals. According to UNWTO l a t e s t Wo r l d To u r i s m Barometer, the massive drop in international travel demand over the period January-June 2020 translates into a loss of 440 million international arrivals and about US$ 460 billion in export revenues from international tourism. This is around five times the loss in international tourism receipts recorded in 2009 amid the global economic and financial crisis. The Tracker was announced on the back of the 112th Session of the
NUTS & BOLTS
JEROME DE LA FUENTE
UNWTO Executive Council, which met in person and virtually in Tbilisi, Georgia, to work together to guide the sustainable and responsible recovery of tourism from the impacts of the COVID-19 pandemic.
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Banking&Finance 5 Bank economist forecasts September Gov’t requests BSP for inflation at 2.3% P540-B funding support
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FRIDAY|OCTOBER 2, 2020
THE country’s inflation rate was projected at around 2.3 percent in September due to lower demand, drop in energy prices, and stronger peso, an ING Bank Manila economist said Thursday. “Price gains will dip from the previous month despite base effects as the economy remains in recession while crude oil prices reflect a global downturn, helping cap utility prices and the recent pickup in transport costs,” ING Bank Manila senior economist Nicholas Mapa said in a report. The inflation rate last August slowed to 2.4 percent after two consecutive months of upticks, with the July figure at 2.7 percent. The average inflation in the first eight months this year stood at 2.5 percent, at the lower half of the government’s 2 to 4-percent target band until 2022. Amidst expectations for a sustained slowdown of the domestic inflation rate, Mapa discounted a cut in the Bangko Sentral ng Pilipinas’ (BSP) key policy rates during the rate-setting meeting
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of the policy-making Monetary Board (MB) Thursday after noting that BSP Governor Benjamin Diokno “continues to monitor the impact of his more than PHP1.5 trillion (and counting) infusion into the financial system.” He was referring to the impact of several measures that monetary authorities have implemented since the start of the year that includes a total of 175 basis points reduction in the BSP’s policy rates, the up to 200 basis points cut in banks’ reserve requirement ratio (RRR), and the PHP300 billion extended to the national government through a repurchase agreement for the purchase of government securities. “Additional bouts of RRR reduction will also likely be shelved for now given the liquidity situation,” Mapa said. Meanwhile, Mapa said the focus now is the MB’s decision on the request of the national government for another budget support from the central bank amounting to PHP540 billion. On Wednesday, Diokno INFLATION/PAGE 6
DANICA SUDARIA
T
HE national government has requested the Bangko Sentral ng Pilipinas (BSP) for a budget support amounting to P540 billion. In a Viber message to journalists Wednesday, BSP Governor Benjamin Diokno said the financing will be “settled on or before 29 December 2020, at zero interest.”
Proceeds of the provisional advance will be used for “deficit financing as a result of the coronavirus pandemic,” he said. Diokno said the request will be submitted to the central bank’s policy-making Monetary Board (MB) “soon.” Asked if the request will be presented to the Board during its meeting Thursday, Diokno said he
“can’t confirm.” “Will fill you in on the terms when finally approved by the MB,” he added. The BSP Charter authorizes the central bank to lend to the national government an amount that is equivalent to 20 percent of the latter’s average revenues in the past three years, which to date is about P540 billion.
Last March, the BSP extended P300-billion financing to the national government through a repurchase agreement. The fund was used to purchase government securities from the Bureau of the Treasury and proceeds were used to boost the government’s budget for programs aimed to address the impact of the pandemic. (PNA)
Bank exec bullish on lending activities recovery this year OFFICIALS of BPI Family Savings Bank are optimistic of their first variable amortization loan program called Step Up PayPlan after noting that lending activities have improved after the lockdown period. In a virtual launch Wednesday, BPI Family Bank president Ma. Cristina Go said lending activities were affected
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by the government’s implementation of the enhanced community quarantine (ECQ) in Luzon from middle of March until end of April, which was extended until end of May for the National Capital Region (NCR). She, however, said that “right after the ECQ, we saw a rise in lending activities as much as five
times”. “We are not yet back to pre-ECQ level. We are at around 60 percent of pre-ECQ levels in terms of loan releases on regular housing and regular auto loans but we definitely have seen a very promising trajectory and we hope that we can continue on that growth trajectory such that by year end, we will not be as low during ECQ,”
she added. Go said this makes them confident for the strong uptake for their latest loan program, adding their partner brokers, car dealers, and property developers are looking forward to some form of support from the banking industry to provide the needed assistance for people to LENDING/PAGE 6
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Expect... from page 3
The company saw a 60.1% decline in passenger traffic from 11.2 million to 4.5 million in the first semester, as the number of flights was lower by 55.6%. The budget carrier ferried a total of 22.5 million passengers last year. Ai rl i ne t r a d e g roup International Air Transport Association (IATA) has said airlines expect a 55% decline in 2020 air traffic. While aviation faces a long-haul recovery, continued aid and assistance for the sector is desperately needed, IATA s aid i n a re cent statement. EXTRA JUDICIAL SETTLEMENT OF ESTATE KNOW ALL MEN BY THESE PRESENTS: That the late JOSE SENO CINCO, who died on June 28, 1988 at Cagayan de Oro City, that the decedents at the time of his left certain personal properties with Tax Dec No. 181500708629 situated in Igpit, Opol, containing an area of 6,078 square meters and TCT No. T-4515 situated in Lapasan, CdeO, containing an area of 641 square meters and has been the subject of an EXTRA JUDICIAL SETTLEMENT OF ESTATE, filed by the heirs of JOSE SENO CINCO, per DOC #100; PAGE #20; BOOK #211; Series of 2020, under the Notarial Registry of ATTY. EMMANUEL A. GAABUCAYAN. BWM: Sept. 18, 25 & Oct. 2, 2020
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FRIDAY|OCTOBER 2, 2020
According to the Air Carriers Association of the Philippines, about P700 million had been allocated for local airlines in the Republic Act No. 11494, or the Bayanihan to Recover as One Act (Bayanihan II). The group also expects state financial institutions to lend or invest P10 billion in the industry.
Stable... from page 3
consumer confidence,” Trade Secretary Ramon Lopez told the Philippine News Agency in a text message. Lopez added that it is crucial to keep the aggressive programs to enforce health protocols in workplaces for the country to continue the reopening of the economy. On t he ot her hand, HIS Markit reported that employment was still down in September, extending the trend of declining workforce numbers to seven months. It attributed this to voluntar y resignations, sufficient capacity levels, and cost-saving measures. Higher production cost was also registered in September due to higher transportation costs, material shortages, and Covid-19related surcharges from suppliers. “Manufacturers had some difficulty passing on higher costs to clients due to tough
EXTRA-JUDICIAL SETTLEMENT OF ESTATE
EXTRA-JUDICIAL PARTITION OF ESTATE
KNOW ALL MEN BY THESE PRESENTS: That the late RENATO T. RIVERA who died on August 13, 2017, in Cagayan de Oro City; the said decedent died intestate, and without leaving any debts whatsoever other than the obligations with Landbank of the Philippines (LBP) which has been totally assumed by RENIE RAM B. RIVERA, The said decedent left a real properties with TRANSFER CERTIFICATE OF TITLE NO. T-40339 situated in the Barrio of Lapasan, City of Cagayan de Oro, Island of Mindanao, containing an area of TWO HUNDRED THIRTY SIX (236) SQAURE METERS, more or less, TRANSFER CERTIFICATE OF TITLE NO. T-134290 situated in the Barrio of Alae, City of Cagayan de Oro City, Island of Mindanao, containing an area of FIVE HUNDRED (500) SQUARE METERS, more or less, TRANSFER CERTIFICATE OF Title No. T-52524, situated in the Barrio of Alae, city of Cagayan de Oro City, Island of Mindanao, containing an area of FORTY FIVE THOUSAND TWO HUNDRED SEVENTEEN (45,217), TAX DECLARATION NO. G-023966, North: NE: NATIONAL HIGHWAY, SOUTH: LOT 19889-A, SOUTH: SW: LOT 21310, CAD-369-D, WEST: NW: LOT 21310, CAD-369-D, the said decedent at the time of his death left personal property in the form of bank deposits at Landbank of the Philippines, Puerto (CDO) Branch with Savings Account No. 3531-0009-77, Checking Account No. 3532-0007-33 and Savings Account No. 3536-014526; the said decedent, at the time of his death, is the registered owner of motor vehicles with Make: FUSO FIGHTER, Chassis No.: FK417K-524860, Motor No.: 6D16-564491, Plate No.: GLE977, Make: Isuzu Pick-up, Chassis No.: KB21POF-200181, Motor No.: 208916, Plate No.: KAF939, Make: FUSO Dropside, Chassis No.: FE214E-564542, Motor No.: 469108, Plate No.: GEA332, Make: Isuzu Dump Truck, Chassis No.: OKZ19J1967602, Motor No.: 10PC1931111, Plate No.: TGA291 and has been the subject of an EXTRA-JUDICIAL SETTLEMENT OF ESTATE, filed by the heirs of RENATO T. RIVERA, per DOC #357; PAGE #72; BOOK #III; Series of 2017, under the Notarial Registry of ATTY. MOSHI ARIEL S. CAHOY.
Notice is hereby given that the intestate estate of the Late CLODUALDO L. MONTES and LEONORA H. MONTES who both died intestate without leaving a will on August 1, 1986 and December 4, 2013 at Cagayan de Oro City. That said decedents at the time of their deaths, are the registered owners of parcels of land which are more particularly described as follows; 1. TRANSFER CERTIFICATE OF TITLE NO. T-31655 “A parcel of land (Lot 628-F-2-D-2-B-2-B-2-A, Psd-10-002430, being a portion of Lot 628-F-2-D-2-B-2-B-2, Psd-10001281) situated in the Poblacion, City of Cagayan de Oro, Island of Mindanao. Containing an area of FIVE HUNDRED NINETY FOUR (594) SQUARE METERS more or less. 2. Tax Declaration No. 210014-07165, containing an area of FIVE THOUSAND ONE HUNDRED (5,100) SQUARE METERS, more or less. 3. Tax Declaration No. 22-0001-00506, containing an area of FIVE HUNDRED NINETY SIX (596) SQUARE METERS, more or less. 4. Tax Declaration No. 22-0001-00397, containing an area of THREE HUNDRED FIFTY FOUR (354) SQUARE METERS, more or less. 5. Tax Declaration No. 22-0001-00082, containing an area of THREE THOUSAND FIVE HUNDRED TWENTY FIVE (3,525) SQUARE METERS, more or less. Are the subject of EXTRA-JUDICIAL PARTITION OF ESTATE, made by and between: ROSALINDA M. NERI, of legal age, married to Jose R. Neri, Filipino and a resident of 5715 Harold Way Apt 308 Hollywood, Los Angeles, California, United States of America; ROSANNA LEONORA M. DUMAGAT, of legal age, widow, Filipino and a resident of 47-C M.H. Del Pilar Street, Cagayan de Oro City, Philippines; RAUL CLODUALDO H. MONTES, of legal age, married, Filipino and a resident of 47-C M.H. Del Pilar Street, Cagayan de Oro City, Philippines; RHONORA M. VELEZ, of legal age, married to Jose V. Velez, Filipino and a resident of 47-C M.H. Del Pilar Street, Cagayan de Oro City, Philippines; that the above-named parties are the heirs. As per Doc. No. 208; Page No. 42; Book No. X; Series of 2018; Under Notary Public of ATTY. MOSHI ARIEL S. CAHOY.
BWM: Sept. 18, 25 & Oct. 2, 2020
BWM: Sept. 18, 25 & Oct. 2, 2020
market competition, however, with factory gate charges rising only marginally,” IHS Markit said. Manufacturers’ outlook for the next 12 months was the highest since February. “On a more hopeful note, stronger business sentiment and efforts to rebuild stocks suggest panelists are preparing for improvement in demand over the coming months, although optimism continues to rest on the development of the pandemic,” Patel said. (PNA)
Lending... from page 5
still buy properties and vehicles. “And so we are ver y confident that this product will help our developers, brokers, and dealers get needed clients so that these clients can afford their dreams,” she said. The Step Up PayPlan allows borrowers for varied payments annually, starting with the smallest value in the first year and increases as the loan matures. For an auto loan, the minimum amount is P500,000 with a five-year term and payable via auto-debit. Borrowers are required to cover at least 15 percent of their unit cost as down payment to qualify for the loan. For housing loans, the minimum amount is P1 million, payable in 10 years or more through auto-debit arrangement. Borrowers can choose a lock-in period in their interest rate in three, five, or 10-year increments and they need to cover at least 10 percent of the property’s total cost. (PNA) EXTRAJUDICIAL SETTLEMENT/ PARTITION BETWEEN HEIRS KNOW ALL MEN BY THESE PRESENTS: That the late ARTURO FUENTES who died on March 24, 2007 at Poblacion Sagay Camiguin and PRAXEDES FUENTES who died on March 25, 2017 at Camiguin General Hospital, without any will; that the said deceased at the time of their death left a parcel of land with Transfer Certificate of Title No. T-28375 situated in the District of Macasandig, City of Cagayan de Oro, Island of Mindanao, containing an area of FOUR HUNDRED THIRTY EIGHT (438) Square Meters more or less, WHEREAS, the Parties hereby AFFIRM, CONFIRM AND AGREE as they actually AFFIRMED, CONFIRMED AND AGREED the subdivision and/or Partition of the above-described parcel of land, as APPROVED SUBDIVISION under PSD-10-078868 with their respective Lot Assignments, to wit: A. Lot 1-A, PSD-10-078868 with an area of ONE HUNDRED NINE (109) Square Meters, more or less, assigned in the name of ANTONIO E. FUENTES; B. Lot 1-B, PSD-10-078868 with an area of ONE HUNDRED TEN (110) Square Meters, more or less, assigned in the name of FLORENCE F. AMOR; C. Lot 1-C, PSD-10-078868 with an area of ONE HUNDRED TEN (110) Square Meters, more or less, assigned in the name of GLADYS E. FUENTES; D. Lot 1-D, PSD-10-078868 with an area of ONE HUNDRED NINE (109) Square Meters, more or less, assigned in the name of ARTURO E. FUENTES JR., and has been the subject of an EXTRAJUDICIAL SETTLEMENT/ PARTITION BETWEEN HEIRS, filed by the heirs of ARTURO FUENTES and PRAXEDES FUENTES, per DOC #194;PAGE #39;BOOK #CXII; Series of 2020 under the Notarial Registry of ATTY. JORGE S. MAGDAONG,JR. BWM: Sept. 25, Oct. 2 & 9, 2020
Inflation... from page 5
said the government made a request for a provisional advance from the central bank that will be settled on or before Dec. 29, 2020. He said the request will be forwarded to the MB “soon” but declined to elaborate pending the Board’s decision. Mapa said the national government’s request for cash advance will “likely be
approved at today’s (MB) meeting.” He said “although not technically debt monetization, these cash advances carried out via repurchase agreements can be considered as de facto debt monetization, which has become more mainstream in light of the ongoing pandemic.” “However, we believe that the national government has enough options for financing given the amount of excess
liquidity in the system (+PHP1.5 trillion) coupled with the recovery of revenue collections with the need for the cash advance with BSP not as urgent as the situation in March. Furthermore, f is c a l aut hor it i e s have signaled that spending would remain modest in 4Q (fourth quarter) and the risk to BSP’s credibility likely outweighing the need to carry out such unconventional agreements,” he added. (PNA)
CDO opens 60-bed Bahay Pag-asa for child offenders CAGAYAN DE ORO CITY--The city government together with the Regional Juvenile Justice and Welfare Committee (RJJWC)-10 held the blessing of the city's new Bahay Pag-asa, a shelter to rehabilitate and transform child offenders, at Barangay Maitum, Upper Puerto, here, October 1. The 60-bed capacity two-storey building shelter for kids stands on the 10-hectare land in Maitum, which was donated by the Cagayan Capitol College in 1990. "This will shelter children in conflict with the law, abused women, elderly, and the less privileged so they can soon reintegrate to the community and become productive citizens of the city. The pandemic we are experienciencing now only tests the consistency of the LGU's advocacy to nurture these people," said Oliver Egypto of CDO Office of Community Affairs. Expressing gratitude for continued government projects amid political interests, EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH WAIVER OF RIGHTS AND SPECIAL POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS:
CDO Councilor Suzette Daba said the establishment of Bahay Pag-asa and Oro Care Village has surpassed her expectations since they only sought support for Mother Theresa Foundation. "Murag bulak nga nag-sprout ang mga building. Ing-ani kapaspas ang pagtukod sa mga buildings (The buildings sprouted like flowers. This is how fast the buildings were made)," she said as she noted how the city government provides continuous service to help the community. For his part, Ronnie Barros of the RJJWC-10 said the national government allocated P5 million for the said project and the city has augmented the fund to complete the construction of the building. "Bisan pa nakasala sa balaod kinahanglan gihapon protektahan ang ilang katungod (Though they have violated laws, there is still a need to protect the rights of the children)," Barros said as he cited the significance of establishing the Bahay EXTRA JUDICIAL SETTLEMENT OF ESTATE KNOW ALL MEN BY THESE PRESENTS:
That the late FLORA D. TIDOR, who died intestate on March 20, 2010 at Purok 3, Poblacion, Claveria, Misamis Oriental, that the deceased at the time of his death left Three (3) Residential lands, with TCT No. T-178759 situated at Carmen, Cagayan de Oro City containing an area of ONE HUNDRED TWELVE (112) Sq. Meters, more or less, and TCT No. T-61034 situated at Carmen, Cagayan de Oro City containing an area of ONE HUNDRED SIXTEEN (116) Sq. Meters, more or less, and TCT No. T-177811 situated in Carmen, Cagayan de Oro City containing an area of FOUR HUNDRED (400) Sq. Meters, more or less and has been the subject of an EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH WAIVER OF RIGHTS AND SPECIAL POWER OF ATTORNEY, filed by the heirs of FLORA D. TIDOR, per DOC #295;PAGE #59; BOOK #124; Series of 2020 under the Notarial Registry of ATTY. BUENAVENTURA E. SAGRADO.
That the late JOSE SENO CINCO, who died on June 28, 1988 at Cagayan de Oro City, EMMANUEL H. CINCO, who died on May 26, 2019 at Cagayan de Oro City and MODESTO H. CINCO, who died on February 21, 2016 aty Iligan City, that the decedents at the time of their death left certain personal properties with TCT NO: T-26977 situated in Barinaut, iligan City, containing an area of 1,339 square meters, TCT NO: T-12834 sitauted in Acmac, Iligan City, containing an area of 34, 717 square meters and TCT NO: T-26978 situated in Barinaut, Iligan, containing an area of 2,317 square meters, and has been the subject of an EXTRA JUDICIAL SETTLEMENT OF ESTATE, filed by the heirs of JOSE SENO CINCO, EMMANUEL H. CINCO and MODESTO H. CINCO, per DOC #102; PAGE #21; BOOK #211; Series of 2020 under the Notarial Registry of ATTY. EMMANUEL A. GAABUCAYAN.
BWM: Sept. 25, Oct. 2 & 9, 2020
BWM: Sept. 18, 25 & Oct. 2, 2020
Pag-asa. He also added that the city in coordination with Xavier University is tasked to create the Alternative Learning System (ALS) module for Bahay Pag-asa for the entire country. Bahay Pag-asa forms part of the city's Oro Care Village, which will house a COVID-19 isolation facility, Boystown, mental hospital for the abandoned and neglected, administrative building, family kiosks for visiting families, livelihood technical school, automotive skills training center, chapel, infirmary, and covered court. (RTP/PIA10) EXTRA-JUDICIAL PARTITION WITH DEED OF ABSOLUTE SALE KNOW ALL MEN BY THESE PRESENTS: That the late VICENTE CO, married to Macaria R. Co are the registered owners of parcel of land covered by ORIGINAL CERTIFICATE OF TITLE No. P-13541 situated the Barrio of Agusan, City of Cagayan de Oro, Island of Mindanao, containing an area of TWENTY THREE THOUSAND FOUR HUNDRED EIGHT (23,408) SQUARE METERS, and has been the subject of an EXTRAJUDICIAL PARTITION WITH DEED OF ABSOLUTE SALE, filed by the heirs of VICENTE CO, in favor of PRYCE CORPORATION by RHODA A. MARSHBURN, per DOC #290;PAGE #58;BOOK #207;Series of 2019 under the Notarial Registry of ATTY. EMMANUEL A. GAAHUCAYAN. BWM: Sept. 18, 25 & Oct. 2, 2020
EXTRA JUDICIAL SETTLEMENT OF ESTATE KNOW ALL MEN BY THESE PRESENTS: That the late EMMANUEL H. CINCO, who died on May 26, 2019 at Cagayan de Oro City and MODESTO H. CINCO, who died on February 21, 2016 at Iligan City, that the decedents at the time of their death left a certain personal properties with TCT NO: T-99730 situated in Pabayo St., CdeO, containing an area of 121 square meters, TCT NO: 137-2013002542 situated in Camaman-an, CdeO, containing an area of 323 square meters, and TCT NO: T-31792 situated in Igpit, Opol, containing an area of 3,000 square meters, and has been the subject of an EXTRA JUDICIAL SETTLEMENT OF ESTATE, filed by the heirs of EMMANUEL H. CINCO and MODESTO H. CINCO, per DOC #101; PAGE #21; BOOK #211; Series of 2020 under the Notarial Registry of ATTY. EMMANUEL A. GAABUCAYAN. BWM: Sept. 18, 25 & Oct. 2, 2020
7
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FRIDAY|OCTOBER 2, 2020
Signs... from page 4
desperate calls for help from the sinking Titanic. Jesus Himself said that by far the greatest tragedy is to watch yourself and the people you love sink into eternity, separated from God and lost forever in the worst pain, evil and agony there is. Jesus’ words! The question is: Will you read and follow the signs to safety? He has made them so clear and easy to understand that we have no excuse. Once and for all, you can ask Him to forgive you for your wrong heart and sinful living? Then ask Him to take full charge and start changing your daily way of life. Jesus said it is the one and only way you can have total security that if your ship goes down tonight, you are fully ready to face your Maker, Judge and Savior. Just think a minute…
Silent... from page 4
up and only then that such horrible reality be promptly check or face the collective anger of the deceived people. As if these chemicals are not yet enough to kill the bay, there are other death blows such as the massive intrusion of c om m e rc i a l f i s h i ng boats. As reported to me by fisherfolk leaders who are my environmental colleagues in Task Force Maacajalar, almost every night they see these commercial fishing boats intruding in the municipal water which is glaringly illegal. We have reported this to BFAR but until now nothing is being done Again, Dir. Jun Bacolod, may I repeat: what I have texted you: one of the commercial fishing boats that is doing illegal fishing in the municipal water is MARIA ANGELICA owned by an influential person from Kimaya, Jasaan. Kada gabii na lang walay ulaw nga gahakopon sa maong MARIA ANGELICA COMMERCIAL FISHING BOAT ang mga isda sa municipal water? This is a blatant violation of existing fishery laws!! Pity our poor fishers who are going hungry because of these illegal fishing activities which must be stopped with sense of urgency! Our fisherfolk and their families have been painfully witnessing the fading away of the bay’s fisher y and aquatic resources. They are vehemently condemning t he massive e col og ic a l degradation as it deprives them of their legitimate livelihood. Let us not sacrifice the Bay to the altar of greed and profit! As my Tribute to Macajalar Bay, I composed this poem: Will the bay which reigns to give life Be now devoid of breath? It has always been like a mother to us, As we bountifully reaped its blessings. Fishing lies at the heart of our culture, The fisherfolk its careful guardians. The bay is now facing a
crisis, Representing a danger to coastal communities. Soon we will see a time when the unavoidable Reality of hunger will stalk the earth again. Then how heavily will the meaning of a single fish Weigh in our human heart! Pray sons and daughters of the Earth That the Bay be restored to health!
Export... from page 1
still on its knees wit h many restaurants forced to close for bankruptcy due to the pandemic,” he told MindaNews on the phone. The decision to supply again his clients with fresh tuna, a highly migratory species rich in Omega 3 fatty acid, comes with the availability of commercial flights from here to Manila, and on to international destinations, Heitz said. On Wednesday, September 30, Heitz shipped 11 pieces of fresh tuna weighing less than a ton (1,000 kilos) to the US via a commercial airline. Some fresh tuna traders resumed shipping internationally about two months ago, he said. Due to the lack of access to foreign and other domestic markets at the height of the pandemic, prices of good quality tuna went down to as low P100 per kilo in June, Heitz recalled. Some tuna were just sprawled along the road to be butchered and sold that cheap due to lack of buyers from other areas and abroad, according to Heitz. But nowadays, Heitz said the fresh tuna business is getting back on its feet, with prices currently fetching at P200 to P300 per kilo for first-class stocks. E arly in S eptemb er, the fish port complex was partially shut down for a few days for decontamination and to prevent the spread of COVID-19 as the facility has been traced as the source of local transmission of the virus infecting fish traders from various parts of Soccsksargen. Raul Gonzales, spokesperson of the Alliance of Tuna Handliners, said the buying price of tuna is getting good because of the resumption of domestic and international shipment. “The main driver of the price of tuna is the Class A catches, or those for the foreign markets,” he told
MindaNews in a separate interview. Gonzales said he expects tuna trading to return to normal operations or profits once the battle against the COVID-19 becomes triumphant and sustained by governments across the globe. Wi t h d o m e s t i c a n d international flights becoming available, Gonzales said that about five tuna exporters have so far resumed business operations at the fish port complex here. But, he added, they are just half of the number of exporters that operated before the pandemic that almost paralyzed the local economy. Before the pandemic, the exporters shipped fresh tuna abroad almost every day, but now that is no longer the case due to the limited international flights in Manila, Gonzales said. Aside from chilled shipment, fresh tuna stocks are also bought by manufacturers for processing into frozen loins for the foreign and domestic markets. The value of fresh, chilled and frozen tuna was pegged at $57.89 million annually prior to the COVID-19 outbreak, data from the Soccsksargen Federation of Fishing and Allied Industries, Inc. showed. The tuna industry employs at least 120,000 people in General Santos, touted as the “Tuna Capital of the Philippines,” and neighboring areas. Of this number, some 7 1 , 0 0 0 are e ng age d i n handline fishing, usually catching yellowfin tuna, according to the handline sector’s earlier estimates. Handline fishing employs the traditional hook and line method to catch tuna. Canned tuna production is the other major sector of the local tuna industry. (Bong S. Sarmiento / MindaNews)
Contract...
from page 1 market have been found p o s it ive of C OV I D - 1 9 using the real-time reverse transcription polymerase chain reaction (rRT-PCR) test. Just as the news of the policemen in Cogon getting infected spread like wildfire, medical personnel rushed to the precinct in Barangay Puntod to swab test 41 more policemen, according to Major Ivan Viñas, Cagayan de Oro Police Office spokesperson.
“The 27 policemen found positive will be quarantined for 14 days while the 41 policemen are under observation waiting for the test results,” he added All the infected policemen, however, were asymptomatic, said Viñas. He said the 27 policemen were replaced by a new set of police officers from the Cagayan de Oro Police Office Mobile Force. But the Cogon precinct had to be closed for several h o u r s We d n e s d a y f o r disinfection, Viñas noted. He pointed out that the health protocol of the city police force is under review following the infection of so many policemen in Cogon, the busiest market in Cagayan de Oro. At the start of the pandemic last March, Viñas said plastic acetates were installed in every police precinct in the city as health safeguard. “We have issued bottles of alcohol, facemasks and face shields to protect our policemen,” he said. Lt. Col. Mardy Hortillosa, spokesperson of the Philippine National Police in Region 10, said they would deploy more policemen to augment the 900-strong city police force if necessary. Hortillosa said the PNP Regional Mobile Group can be deployed to Cagayan de Oro from Iligan City where they have been deployed to replace policemen infected with the virus. (Froilan Gallardo / MindaNews)
Outbreaks... from page 1
and Sta. Cruz, Davao del Sur at 1,198. At the low end of the cull totals were Makilala, North Cotabato (45), followed by Davao City (59), and Glan, Sarangani (81). Other areas where ASF was also detected were Sta. Maria, Jose Abad Santos, Bansalan, and Matanao, Davao del Sur; Panabo City, Davao del Norte; and President Roxas, Arakan, and Kidapawan City, North Cotabato. In a virtual briefing Tuesday, Mr. Domingo said that as of Sept. 18, around 344,888 hogs have been culled as a precautionary measure since the disease first surfaced in the Philippines in 2019. He added that backyard raisers that surrender their hogs will receive P5,000 per head as indemnification. Separately, Mr. Domingo s aid t he national p ork
inventory in cold storage was estimated at 46,249 metric tons (MT) as of Sept. 21, including about 37,848 MT worth of imports. M r. D o m i n g o s a i d inventories were higher than the year-earlier total of 39,120 MT. “The country has enough pork,” Mr. Domingo said. Mr. Domingo said the dressed chicken inventory in cold storage was 73,127 MT on Sept. 21, with imported chicken accounting for 39,484 MT.
Awards... from page 8
solicitation from bondholders of San Miguel Corporation; and trusted advisor for the 10-year fixed rate bonds due 2024 of PLDT. ABF also recognized BDO Capital with the Green Deal of the Year-Philippines Award for its role as sole transaction manager, lead arranger, and book runner in funding the country’s largest solar power plant in Cadiz City, Negros and helping advocate sustainable and renewable power development. Deepening client relationships At the end of 2019, BDO Private Bank recorded profits at Php878 million from Php301 million the year before; total assets under management (AUM) at Php451.69 billion; and EXTRA-JUDICIAL PARTITION OF ESTATE AMONG THE HEIRS OF BIENVENIDO A. RIVAS KNOW ALL MEN BY THESE PRESENTS: That we, HEIRS OF BIENVENIDO A. RIVAS, namely; LUZ G. RIVAS, of legal age, widow, Filipino; ANNE LLORAINE R. GOLEZ, of legal age, married, Filipino, and RICHARD G. RIVAS, of legal age, single/married, Filipino and residents of Patag, Cagayan de Oro City, after being duly sworn, hereby declare and, MANIFEST: That the late BIENVENIDO A. RIVAS, who died intestate on May 14, 2020 at Bulua, Cagayan de Oro City, Misamis Oriental, that to the best of our knowledge and information the deceased left no will and no known debts which remain unpaid whatsoever; that the deceased at the time of his death left a Residential Land, located at Bulua, (Zone 1) Cagayan de Oro City, and covered by TCT No. T-176511, containing an area of TWO HUNDRED (200) Square Meters, more or less, and has been the subject of an EXTRA-JUDICIAL PARTITION OF ESTATE AMONG THE HEIRS OF BIENVENIDO A. RIVAS, filed by the heirs of BIENVENIDO A. RIVAS, per DOC #437; PAGE #87; BOOK #XVIII; Series of 2020 under the Notarial Registry of ATTY. EMELITO J. MARQUIÑO. BWM: Oct. 2, 9 & 16, 2020
Republic of the Philippines Bangsamoro Autonomous Region in Muslim Mindanao Local Civil Registry Office Province of Lanao del Sur MUNICIPALITY OF BINIDAYAN NOTICE FOR POSTING September 23, 2020 CCE-0003-2020 (R.A. 10172) In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-01, Guidelines in the Implementation of the Administrative Order No. 1 series of 2012 (IRR of R.A 10172), notice is hereby served to the public that JASSANIE OLAMA JAMAL has filed with this office, a petition for correction clerical error of SEX form “FEMALE” to “MALE” and RELATIONSHIP TO THE CHILD from “DAUGHTER/MOTHER” TO “MOTHER” in the certificate of live birth of JASSANIE OLAMA JAMAL at Municipality of Binidayan, Lanao del Sur and whose parents JAMAL PANGANDAMUN MANGOTARA and ANISAH MARUHOM OLAMA. Any person claiming interest or may be adversely affected by said petition may within ten (10) calendar days file his/her opposition with this office. BWM: Sept. 25 & Oct. 2, 2020
(SGD) HARON AL-RASHID L. YAHYA Municipality Civil Registrar
MISSING BONGGO Pls contact Ms Veni
09151961483
trusteed accounts at Php70 billion, which grew by 11%. The bank attributes its success to the strength of its relationship with its clients and their continued trust. BDO Private Bank recently introduced physical gold to its suite of investment offerings. Clients who availed of it gained a balanced portfolio, benefited from its hedge characteristic, and enjoyed returns in 2019. For ABF, the bank’s success translates to being “the preferred wealth management platform amongst high net worth and emerging wealthy clients in the Philippines.” Its Wealth Management Platform of the Year-Philippines Award recognizes BDO Private Bank’s impressive growth, commitment to enhancing bank-client relationship, and “notable market sense in introducing alternative investments against future economic uncertainties.”
EXTRAJUDICIAL SETTLEMENT/ ADJUDICATION WITH WAIVER OF RIGHTS KNOW ALL MEN BY THESE PRESENTS: That the late SPOUSES EDUARDO UGSOD BAGUIO and JUANITA MUGOT BAGUIO, who both died intestate and without leaving a will on December 2, 1958 and October 12, 1972 at Lugait, Manticao, Misamis Oriental, that to the best knowledge of the herein PARTIES, the decedent left to known debts whatsoever; that at the time of his death of the above decedents they were declared owner and possessor of a parcel of land with Tax Declaration No. 08.24.0001.00075 situated at Jampasan, Poblacion, Lugait, Misamis Oriental, containing an area of FOUR THOUSAND SEVENTY SIX (4,076) Square Meters, more or less and has been the subject of an EXTRAJUDICIAL SETTLEMENT/ ADJUDICATIONWITH WAIVER OF RIGHTS, filed by the heirs of SPOUSES EDUARDO UGSOD BAGUIO and JUANITA MUGOT BAGUIO, per DOC #175; PAGE #36; BOOK #57; Series of 2019 under the Notarial Registry of ATTY. AUDIE G. PADUGANAN. BWM: Oct. 2, 9 & 16, 2020
EXTRAJUDICIAL PARTITION/ SETTLEMENT OVER A PARCEL OF LAND KNOW ALL MEN BY THESE PRESENTS: That the late PONCIANO DAAYATA who died on ___________ at ___________, Philippines and died without issues; that the said deceased above-mentioned died intestate without leaving any known debt which has remained unpaid or unsettled up to the present, and all the obligations incurred during his death were all paid and/or settled, that the deceased at the time of his death left a parcel of land with ORIGINAL CERTIFICATE OF TITLE NO. E-3928, situated in the Barangay of Malanang, Municipality of Opol, Province of Misamis Oriental, Island of Mindanao, containing an area of NINE HUNDRED EIGHTY SIX THOUSAND THREE HUNDRED NINETY SEVEN (986,397) SQUARE METERS, more or less and has been the subject of an EXTRAJUDICIAL PARTITION/SETTLEMENT OVER A PARCEL OF LAND, filed by the heirs of PONCIANO DAAYATA, per DOC #160; PAGE #32; BOOK #50; Series of 2020 under the Notarial Registry of ATTY. EDGARDO Y. RAAGAS. BWM: Oct. 2, 9 & 16, 2020
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ZRewards, Partners Turn over Care Packages to Jeepney Drivers
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Rewards by Zeal, in partnership with Lalamove and Minimart.ph, has turned over care packages composed of food, toiletries, laundry supplies, and protective equipment, to jeepney drivers and their families who were displaced by the current pandemic. The move was part of the HELPJEEP campaign launched by the three parties last July wherein the public was encouraged to take part by simply becoming a member of ZRewards for free. ZRewards, in turn, committed to provide care packages upon reaching its target membership milestone. “We are proud to have gone through this initiative to help our jeepney drivers and their families together with Lalamove and Minimart. It is important for us to proactively serve the community, and practice our commitment to make sure that no Filipino is left behind,” shared
Zeal Entrepreneur in Residence, Glenn Estrella. ZRewards is the country’s newest one-stop shop for premium and solid deals, discounts, and vouchers ranging from food, beauty, health and fitness, entertainment, among other offers, redeemable at online shops and physical stores. For the HELPJEEP campaign, ZRewards partnered with ondemand delivery company Lalamove to access the Lalajeep drivers who were among the hardest hit by community quarantine restrictions. The jeepney drivers who lost their livelihoods were taken in by Lalamove in agreement with the Quezon City local government unit. Instead of carrying passengers, Lalajeeps carry goods for businesses which need a more affordable means to deliver their products. Minimart.ph, on the other hand, provided a generous discount
A Lalajeep driver receives a care package from ZRewards by Zeal
for the items as well as free packaging and free delivery to the QC distribution site designated by Lalamove. "The partnership with Zeal and Minimart is aligned with our goal to empower our Lalajeep community to continuously reach out to them. The jeepney community was among the most heavily affected by the pandemic, and
we are very happy to continue to provide them a means to earn, and moreover, deliver possibilities of having a care package for them to provide essential goods." shares Lalamove Philippines managing director Dannah Majarocon. ZRewards continues to support the stricken communities and anyone can help by signing up
for free at https://zeal. ph/signup. ZRewards members will also benefit from the different discounted offers from a wide array of merchants such as Flowerstore. ph, Minimart.ph, Melo's Steakhouse, Beauty Scout, ZALORA Philippines, The Naturale Market, Audio-Video Solutions Corporation, Avignon Clinic, Digits Trading Corp, Harem
Inc, AJ Wellness Corporation, IAJ Wellness Corporation, papemelroti, Malongo Atelier Barista, The Smile Bar, Chris Sports, Toby Sports and Trident Food Holdings, Inc. ZRewards by Zeal is a brand of 917Ventures, the largest corporate incubator in the Philippines and a wholly-owned subsidiary of Globe.
Asian Banking and Finance awards BDO, subsidiaries BDO Unibank, Inc. and its two subsidiaries brought home major accolades from Asian Banking and Finance (ABF) for exemplifying banking excellence. BDO Unibank won the Domestic Cash Management Bank of the Year-Philippines Award for ABF Wholesale Banking
Awards while BDO Capital & Investment Corporation received the Corporate and Investment Bank of the Year-Philippines Award and Green Deal of the Year Award under the ABF Corporate & Investment Banking Awards. Meanwhile, BDO Private Bank was recognized with Wealth Management
Platform of the YearPhilippines Award in the ABF Retail Banking Awards. The Singapore-based publication recognized more than a hundred banks from 30 countries. “As we have seen in this year’s winners, banks were still able to navigate and up their game even during
the pandemic. We are looking forward to seeing how they will continue to provide the best service to clients in spite of these very difficult times,” ABF Publisher Tim Charlton said. Promoting cash accessibility For the third straight year, ABF awarded
Banking Excellence. Tim Charlton, editor-in-chief of Asian Banking & Finance, hosted a virtual awarding and Q&A with BDO executives: Mario Deriquito (top center), president of BDO Foundation; Albert Yeo (top right), president of BDO Private Bank; Edwin Reyes (bottom left), executive vice president and transaction banking head of BDO Unibank; and Eduardo Francisco (bottom right), president of BDO Capital.
BDO Unibank with the Domestic Cash Management Bank of the Year-Philippines for its “ingenuity in applying digital and practical solutions to provide a suite of convenient cash management solutions” for their clients. The publication underscored the bank’s efforts in giving clients greater access to cash through its expansive network of branches and ATMs. In 2019, BDO enabled over Php7 trillion worth of transactions from Php5.8 trillion in the previous year. It also launched the Corporate Cash Deposit Machine (CCDM) where clients can deposit cash and update their accounts in real-time. To help manage their accounts more conveniently, the bank encouraged its clients to take advantage of its electronic channels such as Auto Debit Arrangement, Auto Credit Arrangement, and Fund Transfer. As
a result, its transaction volume for these services increased by almost 40%. Driving national progress “BDO Capital continues to prove why it is the top investment house in the Philippines,” said ABF for awarding BDO Capital with the Corporate and Investment Bank of the Year-Philippines for the third consecutive year. It noted the bank’s efforts as “advisor and deal arranger of several merger and acquisition (M&A) deals across several industries that include fast-moving consumer goods, healthcare, real estate, insurance, amongst others.” The financial publication highlighted BDO Capital’s role as issue manager, underwriter, and book runner for the preferred shares issuances of Petron Corporation and Arthaland Corporation; one of joint solicitation agents for the consent AWARDS/PAGE 7