BusinessWeek Mindanao (October 30, 2017)

BusinessWeek MINDANAO CREDIBLE

Volume VIII, No. 62

Market Indicators

As of 6:00 pm October 27, 2017 (friday)

FOREX

X

US$1 = P51.799

5.8 cents

PHISIX 8,295.95

28.03 points

Briefly

X

PAF to Laguindingan THE board of Oro Chamber, Cagayan de Oro City’s biggest group of MSMEs, has passed a resolution asking the Philippine Air Force (PAF) to relocate its 5th Fighter Wing and Tactical Operations Group (TOG) 10 currently stationed at the old Lumbia airport to the newer Laguindingan airport in Misamis Oriental.

In an interview over the weekend, Oro Chamber president Robertino Pizarro said that the resolution was passed during one of their board meetings earlier this month.

Pizarro said that members of the Oro Chamber board unanimously agreed that Laguindingan airport still has plenty of hectarage to accommodate the 5th Fighter Wing. (M. FRANCISCO)

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RE standards set for off-grid areas www.businessweekmindanao.com

• Mindanao Consultation scheduled November 6 in Cagayan de Oro • MinDA pushing for more RE in Mindanao Energy Mix • Off-Grid Areas more at Risk from Fossil Fuel Power Plants

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HE National Renewable Energy Board (NREB) will conduct a public consultation in Cagayan de Oro City next week (Nov. 6) in the continuing effort to increase consumer access to clean and sustainable energy.

P15.00

Monday | October 30, 2017

The series of public c o n s u l t at i o n s a i m s t o promulgate a new policy on renewable energy (RE) utilization for off-grid areas, and for consumers in remote areas like islands, mountains and far-away villages.

The Mindanao Development Authority (MinDA) has repeatedly expressed alarm over how fossil fuel power plants now account for over half of Mindanao’s power mix, compared to previous decades when hydro-based renewable energy was the main source of power in the island.

R ome o Monteneg ro, director for Investment standards/PAGE 11

‘Biyaheng Ayos’ in place for Undas 2017

By ELAINE O. RATUNIL Contributor

NORTHERN Mindanao Land Transportation Office (LTO) in coordination with the Roads and Traffic Administration (RTA), L a n d Tr a n s p o r t at i o n Franchising and Regulatory B o a r d ( LT F R B ) a n d Philippine National PoliceTraffic Management Unit has activateed this year’s ‘Oplan Biyaheng Ayos’ starting October 27 until November 2.

LT O - X R e g i o n a l Director Oscar S. Salcedo said this is in preparation for the influx of passengers undas/PAGE 11

Sustainable mining SURIGAO City – “The province of Surigao del Norte is positioning the terrain as we prepare to replicate some of Australia’s best mining practices following the benchmarking of the team Capitol, to gather ideas, learnings and impressions respecting the extractive industry,” mentioned Surigao del Norte Vice Governor Arturo Carlos Egay, Jr., who ably represented Governor Sol Matugas during the 4th Caraga Mining Symposium and Safety Competition. Said competition was anchored on the theme, “Resilience Amidst Challenges Besetting the Caraga Mining Industry.”

Egay further said that this avant-garde program was impelled by the solid commitment, unflinching passion and firm devotion of the provincial government to make sure that the five largescale mining companies and one processing plant operating in the province strictly and religiously observe and abide by responsible and sustainable mining standards, set by no less than the Department of Environment and Natural Resources (DENR), now under the auspices of Secretary Roy Cimatu.

FOOD FAIR. Misamis Oriental Rep. Peter Unabia (right) confers with a participant of the recently concluded exhibit of Food Processors in Northern Mindanao (FOPANORMIN) held at the Limketkai Mall in Cagayan de Oro City. photo by ercel maandig

Chinese giant shipbuilder eyes Misor for new plant

By MARK FRANCISCO, Staff Writer

CHINESE shipbuilding giant Ansteel is selecting between Subic and Phividec Industrial Estates in Misamis Oriental as possible sites for their new plant in the Philippines.

Gov. Yevgeny Vincente

Emano broke the news over the weekend even as he said that the company is expected to take in almost 50,000 jobs once the plan pushes through.

Ansteel executives had a separate meeting with

the governor last week and Phivide c administ rator Franklin Quijano on the matter.

If plans don’t miscarry, this would be the second time in less than a decade that big shipbuilders eyed plant/PAGE 11

ORGANIC MUSHROOM. A woman shops in giant organic mushrooms that were displayed in the Jesuits-owned Manresa Farm in Cagayan de Oro City during the weeklong Agricultural Technology Transfer Days. photo by mark francisco

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Prices of flower in Zambo up by 35% ZAMBOANGA City -Prices of flower in this city are expected to increase by as much as 35 percent due to scarcity of supply as the All Saints and All Souls Days near.

Roberto Apelo, Zamboanga Latin Flowers Retailers Association president, on Friday said there is no sufficient supply as the country’s farmlands planted with flowers were affected by inclement weather condition.

Last week, several parts of the country, including this city experienced inclement weather condition spawned by intertropical convergence zone (ITCZ) and with the

entry of typhoon Paolo in to the country.

Apelo said supply of flowers comes from the cities of Cotabato, General Santos, Davao, Cagayan de Oro, Cebu, and Baguio, and Los Baños, Laguna aside from Barangay La Paz, this city.

The locally produced flowers come from La Paz, an upland barangay in this city’s west coast, which was affected by inclement weather.

Among the flowers grown in La Paz are chrysanthemum, mums and anthurium aside from the native species.

Apelo said the current prices of flowers range flower/PAGE 11

Economy

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Farmers learning the ropes in producing specialty coffee

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AVAO City – For good agricultural practices, the Philippines Coffee Board Inc. (PCBI) has cited Filipino small farmers for slowly and intricately learning the process of producing specialty coffee.

PCBI president and co-chair Pacita Juan also attributed this to the continuing awareness of producing quality coffee where farmers grow his coffee and taste his produce.

“And it is only when you taste your own coffee that you will know how good is your coffee

produce,” she said.

Following the right steps of production, she said the farmers now label their products by indicating its moisture level.

“Nagkaroon na sila ng (They have the) information on what is being asked of the specialty coffee market,” she said. Moisture level of coffee must be maintained between 11 to 12, but ordinary farmers could not afford to buy a P20,000 moisture meter.

This is where coffee farmers are asking the support of government to help them acquire

postharvest facility.

Juan said the IPs, most especially, need help to improve their production and access the market.

She recalled that in 2016, there were 80 entries of the Kape Pilipino and the two winners from Bukidnon, the Arabica and Robusta scored in the 80s.

The winning entries were sent to Seattle, Washington to see how coffee is “cupped” and judged by the international buying community.

Juan said the American roasters and other buyers during that exposition were looking for them as they were surprised and

amazed of the aroma and the taste of the Philippine coffee.

The farmers, Juan said were a hit among those who joined the competition and they were called by coffee roasters to buy the coffee.

“That is why our market for specialty coffee are the roasters because they pay three-folds of what ordinary peoplepay.

In the US they will look for the top quality coffee for their own style of roasting,” Juan said.

The buying price of Robusta as a commodity is at P80 to P90 while the learning/PAGE 11

Danao, the place where I started my school

By CLINT JOB S. BANGUIS Ocboloc Elementary School

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LONG before the Sp aniards re ache d our shore here in Danao City, Cebu, there were already existing structures of societies with their respective education.

Danao Elementary School, which started op eration in 1902, can b e considered the f irst public elementary school in Danao. The American occupiers forced children of s cho ol age to attend class es.

After the war, Danao Provincial High S chool was established by the

authority of a municipal resolution. (Danao was yet to b e a city t hen.)

By 1957, the curriculum shifted to secondar y trade curriculum. When Danao b ecame a city in 1962, the Division of Danao was created under the then Department of Education, Culture and Sp or ts (DECS).

In 1973, the Division was dissolved to jointly attached it to the C ebu Province Division due to a new DECS polic y that each Division must have a total of 500 teachers.

Th i r t y ye ars l ate r, t he Division of Danao City was again restored.

At the ter tiar y level, the first college in Danao City was established in 1964. This was the Sto. Tomas School. Ten years later in 1974, the f irst barangay high school was established. Today, Danao City has a total of 44 public elementar y schools, 14 private elementar y schools, more than 20 public s econdar y s cho ols and eight private secondar y s cho ols.

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

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cmyk

Tips In Having Improved Energy and Focus

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uggling work and personal life can be too draining especially if you can’t even balance your life anymore. In order to avoid break downs and burn outs that may be a cause of too much strain in chasing “work-life balance”, you need to have improved energy and focus.

Here’s what you can do to have improved energy and focus that may actually lead to wellness!

1. Practice meditation at least 10 minutes daily. This will improve your focus and you wouldn’t even notice it!

Meditating trains your brain to focus and resist the urge to be distracted. It

also trains you in being present in a task that could help get things done.

2. Eating a well-balanced diet meal on a daily basis aids in giving fuel to the body for an improved energy.

Fast food or unhealthy food can have a high glycemic index which makes your sugar go up and your energy too low.

3. Get better sleep as much as you can in order to have increased energy on the following day! Being fully and well-rested makes you more energetic and present on tasks you need to do.

Another thing that may help for your daily energy, get it from food supplements with combinations of Taurine, Ginseng, Sodium Ascorbate, Vitamin B1, B6 and B12 can also help in providing daily energy boost as these components may have the ability to provide extra energy while improving alertness and focus.

Taurine and Ginseng promotes alertness, reduces stress and provides energy boost, Sodium Ascorbate helps in tiredness prevention and muscle weakness, Vitamin B1 aids in converting food into energy, Vitamin B6 enhances metabolism speed and Vitamin B12 aids in energy production.

Now if you think it’s hard to find a product that has benefits like this and caffeine free, I am sure you’d like the new Robust Energy which is available at Mercury Drug.

Source: http://www.willpowered. co/learn/increase-energy-focusproductivity

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Opinion

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Shortcuts to paradise think a minute

jhan tiafau hurst Think a minute…A man walked into a bar for a drink and said: “Bartender, I’m in trouble, so make it a double!”

Many of us struggle with painful, real problems: no money, no job, unwanted pregnancies, family violence, unhappy marriages. Many of us are truly desperate, looking for shortcuts to our own paradise! And there are plenty of shortcuts to paradise out there: alcohol, drugs, sex outside of marriage.

So we get drunk or “high” and numb our brains with drugs, or find cheap sex to try to forget our problems for a couple of hours. And even though we know that these quick escapes destroy our own body and family, or cause us to lose our job, we keep doing them.

The simple fact of life is

that there are no shortcuts to paradise. So when you take that cheap substitute for paradise in that bottle or drug, or have sex with that someone who’s not your wife or husband, you’re walking into a dangerous trap from which you may never get free. It may feel good for a short time, but it will eventually drain and rob you of everything you have, little by little, day by day.

Until you finally realize that your paradise has actually turned your life into the worst nightmare.

So do you want a “high” or “buzz” that never runs out?

A “fix” that doesn’t steal your life, but instead gives you the satisfying one you’ve always wanted. It’s the right and only cure for your marriage and money problems, and best of all it’s free! If right now you’ll sincerely ask Jesus Christ to forgive you for your wrong living, and to take complete charge of your heart and life, Jesus will give you the strength and willpower to quit those bad habits and stop taking cheap substitutes and shortcuts to paradise. It simply makes sense that only your Maker can give you the paradise life you were created to enjoy. Just Think a Minute…

Ruffy magbanua THEY are not square pegs in round holes, but were frontally identified

by President Duterte as misfits (read: corrupt) in the bureaucracy.

The President’s continuing call to rid the bureaucracy with scalawags and the corrupt is aimed at dissecting the social and economic malfunction called corruption in almost, if not all, instrumentalities of government.

The feisty President has a direct and harsh definition of

corruption: it is a social evil with immediate economic effect with long-term damage on the moral fabric of the nation.

In fact, Advocates of Good Governance Convenor Lawyer Tony Soriano, had been very vocal in espousing decent and efficient government service in all levels of the bureaucracy – both local and national.

Like drugs, President Duterte sees corruption in government as pandemic and needs surgical operation with a sense of urgency. From his own words, the purging continues even from the very seat of power -– Malacanang.

And so he really did. Recently, he fired two, followed by a high ranking official from the budget department. And more will follow.

His call for resignations of all ‘questionable’ presidential appointees has been in effect up to this very day. The most

recent official sacked was ERC chair Jose Salazar.

Indeed, the words of the President are very clear: “they have to go”.

This brings us to the question: how do we curb corruption in government?

Advocates in Good Governance have laid down several options in curbing corruption.

According to the group’s assessment, Singapore and Hong Kong are two of the least corrupt countries which have exceptional records of getting rid of massive corruption in the public sector.

These Asian countries have draconian laws on corruption such that they pay their bureaucrats and employees exceptionally well.

The level of political competition on these countries is extremely low allowing exception level of pay in the bureaucracy

without too much political pressure.

Further, the need to put up a whistle blowing agency whose sole mandate to educate the citizenry on corruption is likewise suggested by the group.

Make corruption a subject or topic in basic education, carry out national wide HIVlike campaign on the evils of corruption and set an alternative form of social justice system dedicated to corruption.

Training our children in sound morals and a sense of civic duty and service to humanity is at the root of addressing a whole range of social ills, many of which go beyond corruption.

Having looked at some of the ways in which corruption damages the social and institutional fabric of this nation, the Advocacy Group further suggested that a twocleanser/PAGE 11

Rising from the ashes Speaking out

ignacio bunye Now that the shooting war is over, government resources are now being marshalled to help Marawi get back on its feet.

Upwards of P20 billion are reportedly being earmarked by the national government for reconstruction. To be added to the Marawi fund are numerous pledges of support from overseas.

Despite President Duterte’s rants against his favorite whipping boy, the

EU is set to contribute P6 Billion.

Everything is well and good. But wait a minute.

Do we have a master plan for Marawi’s rehabilitation?

C or re c t me if I am wrong but as far as I know, government plans are limited to providing the immediate needs of folks who were displaced by the fighting.

No doubt, the temporary shelters for the the “bakwits” are very important and they should be done immediately.

No doubt, the repairs of schools, hospitals and other public facilities are important and they should be done immediately.

But without a master design, we will rebuild Marawi same as before, as observed by noted Architect Felino Palafox, Jr. with “houses and establishments encroaching on the streets and, in some areas,

disappearing sidewalks, with improper drainage and sewerage systems, unsightly overhead and crisscrossing wires.”

To many, Palafox needs no introduction. After a stint with the Ayala group in the 70s, he later made his mark internationally as Senior Architect and Planner of the government of Dubai.

Hi s proj e c t s i n t he Philippines and abroad reflect the cumulative results of observing more than 2,000 cities in 74 countries, and being able to work and help 39 countries.

From an article published a few days ago, let me quote some of Palafox’s key recommendations not just for Marawi, but for the entire Lanao.

General recommendations: “ U p d a t e t he comprehensive land use and zoning ordinance of

the province, as well as the comprehensive development plan.

The key to sustainable and smarter development, according to Palafox, “is aligning the land use, zoning, and development plans of the adjacent cities and municipalities.”

“It is through these plans that world-class architecture and planning principles will be institutionalized by drafting local ordinances.

“It will also serve as the guide and unifier of the vision of the people of the city.

Palafox adds that there must be public consultations and local participation in the process.

“The locals should be involved in the planning and development. Those who can immediately help Marawi are the local architecture and engineering students, ashes/PAGE 9

All Saints’ Day 2017: can sinners still be saved?

Kakampi mo ang batas

Batas Mauricio LIFE’S INSPIRATIONS: “…`Very truly I tell you, the one who believes has eternal life. I am the bread of life…

I am the living bread that came down from heaven.

Whoever eats this bread will live forever. This bread is my flesh, which I will give for the life of the world’…”

(Jesus Christ, our God and Savior, in John 6:47-51, the

Holy Bible).

-ooo ALL SAINTS’ DAY 2017: CAN SINNERS STILL BE SAVED? So, what, really, is the truth---there is no more salvation from hell for those who died as sinners, or, there is still hope for them for salvation in heaven?

Apparently, there are two conflicting teachings about this issue in the Bible. According to the first teaching, when a person dies, whether he or she is a sinner or not, or whether he lived a righteous life or not, there is no more that could be done to assure his or her salvation in heaven.

On t he ot her hand, according to another teaching (which is espoused by the Simbahang Anak ng Diyos Kadugo Ni Kristo, or AND

KNK or the Children of God Blood Kin of the Christ Church), salvation is still possible for those who died in sin, but only according to what the Bible teaches. What is this Biblical teaching? It is through the preaching of the Bible to the dead.

-ooo TEACHINGS ABOUT THE DEAD THAT THE LIVING SHOULD PAY AT T E N T ION TO : T he first teaching is taken from Ecclesiastes 9:5-6, which says: “… the dead know nothing; they have no further reward, and even their name is forgotten…”

The Bible also proclaims “(T)heir love, their hate and their jealousy have long since vanished; never again will they have a part in anything that happens under the sun…”

T h e s e c on d l i n e of teaching on this matter comes from 1 Peter 4:6 which says: “… For this is the reason the gospel was preached even to those who are now dead, so that they might be judged according to human standards in regard to the body, but live according to God in regard to the spirit…”

-ooo SKELETONS WILL BE GIVEN NEW FLESH AND BREATH: On the other hand, if we look at Ezekiel 37, we are shown the power of God to bring back to life those who have died and whose remains now constitute merely of dried bones and dust. Here is what is stated in that chapter: “The hand of the LORD was on me, and he brought me out by the Spirit of the LORD saved/PAGE 9

DISCLAIMER: All articles and commentaries published in this section are construed to be the sole responsibility of the writers and do not in any manner reflect the stand of the newspaper, its publisher and editors -- The Editor in Chief

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Nippon Paint Philippines, Inc. Opens Marine Paint Satellite Office in General Santos City

Nippon Paint Philippines, Inc., the country’s leading trade and industrial paint manufacturer, formally opened on Oct. 26, 2017 its Marine Paint Sales and Marketing Office and Warehouse on EMS Commercial Complex in New Bohol National Highway, Calumpang, General Santos City.The ribbon-cutting ceremony and office blessing were attended by the company’s staff and premier executives led by its President Mark Owen Webb, as well as some local officials, business partners and guests from the media.

Nippon Paint makes it a policy to be in closer proximity with its customer base for ease of transactions. The GenSan Marine Office, which also functions as a warehouse, is the third office satellite launched for the purpose. Earlier this year, two separate marine offices were inaugurated in Navotas,

Manila and Subic, Zambales.

Nippon Paint is the primary paint supplier for car manufacturers like Toyota Motor Philippines, Honda, Mitsubishi, Isuzu and others. Its coating technology was further enhanced to include marine paints and offer the shipping industry the same kind of quality and protection that only Nippon Paint can provide.

Major customers in the maritime industry include Frabelle Shipyard, E.B Aznar Shipping Corp., Asia Marine Transport, Seatech Transport Inc., Chelsea Ship Management, Frabelle Fishing Corporation, RBL Fishing Corporation, Irma Fishing Coporation, Tao Shipping Corporation, Philwinner Marine Services Corp, Philspan Shipping Corporation, Malayan Towage and Salvage Corp, Masuda Marine Corp, and Blastmaster Inc. Sea-bound vehicles are all too

often plagued with inadequate and poor-quality coating, resulting in premature metal oxidation and other afflictions that can exact heavy losses. Nippon Paint Marine products are especially designed to effectively reduce and combat these hazards.

Nippon Marine AC Primer, Nippon Marine ACII Tie Coat, Ecoflex SPC 200 Z and Bioflex 800 D, to name a few, are some of Nippon Paint Marine’s certified environmentally friendly paint products that are also equipped with anti-corrosive and anti-fouling properties.While catering largely to newly-built ships and other sea-bound vehicles, the paints, too, can be used for maintenance and safeguarding purposes, giving life to Nippon Paint Marine’s credo: “In high seas and open water, be protected with Nippon Paint Coating Technologies.”

For inquiries you can reach

Nippon Paint Philippines thru the following contact info: Navotas Office and Warehouse: #940 M. Naval St. Corner Aling Nueva St. San Jose Navotas, Manila; (02) 373 5533 Subic Office and Warehouse: No. 65 National Highway, Matain Subic Zambales; (0917) 1526884; General Santos City Office and Warehouse: EMS Commercial Complex New Bohol National Highway, Calumpang General Santos City (0927) 6178878 / (0917) 5426763 Nippon Paint Philippines Main Office No. 4 Hologram St. Light Industry & Science Park 1 Cabuyao Laguna; (02) 845-1176; (049) 543-0763, www.facebook.com/nipponpaintph1976; http://nipponpaintphilippines. com

NPP President Mr. Mark Owen Web, NPP AGM Mr. Gerry Sebastian

UCPB, UCPB Savings Bank ATM cards network now 100% EMV-ready

UCPB and its savings bank arm, UCPB Savings Bank, have officially completed the transition of all its Automated Teller Machines (ATMs) and the replacement of all its ATM cards to the EMV technology, the global standard in card payment security. This makes the Bank fully compliant with Bangko Sentral ng Pilipinas (BSP) Circular 859 which mandates all banks to make the big shift to the new technology to provide increased security against card fraud.

“We reinforce our

commitment of personal and proactive service to our clients by being 100% EMV-ready. This will now provide our clients with a greater sense of security and peace of mind, knowing that the UCPB ATM network totalling 300 in strategic locations nationwide - has a higher degree of protection against card or online fraud,” says UCPB President and CEO Higinio O. Macadaeg, Jr. On the other hand, UCPB Savings Bank has replaced its e-Cash cards to EMV-ready cards. The transition to EMV

began in 2016 by urging all clients to replace their magnetic stripe ATM cards with the EMVenabled cards. The non-EMV, magstripe-based UCPB ATM cards were deactivated on August 1, 2017. Clients who have not yet claimed their new EMV-enabled UCPB ATM Debit Card may visit their maintaining branch to have their cards replaced free of charge.

For inquiries, please call UCPB Customer Relations Center (632) 811-9111, Toll-free: 1-8001- 888-9777 or email us at crc@ ucpb.com.

BSP Excludes Loans Guaranteed by Multilateral Financial Institutions from the Ceiling on Bank Loans to Subsidiaries and Affiliates

The Monetary Board (MB) approved the exclusion of all loans guaranteed by multilateral financial institutions (MFIs) where the Philippine Government is a member or shareholder, from the regulatory limits on banks’ loans to their subsidiaries and affiliates. For the purpose of determining compliance with this policy, the Bangko Sentral ng Pilipinas (BSP) considers the International Finance Corporation, the Asian Development Bank, and the Credit Guarantee and

Investment Facility as MFIs. This policy amendment aims to promote level-playing field for bank borrowers through consistent application of regulatory limits on credit.

Under existing regulations, loans guaranteed by MFIs are excluded from the Single Borrower’s Limit (SBL) and ceilings on a Director, Officer, Stockholder and their Related Interests (DOSRI). The amended regulations extend this exclusion to banks’ loans to subsidiaries and affiliates.

This is to recognize that the

mitigation of credit risk similarly applies to all MFI-guaranteed loans regardless of whether the borrower is a third party, DOSRI, or a subsidiary or affiliate of the bank.

The rationalization of prudential measures is expected to result in greater flexibilities in financing the country’s largescale projects for developmental purposes. In addition, the credit risk mitigant offered by MFIs will provide added cushion for the credit risk exposures of the banking system.

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CorporateWorld

Holcim nets P2.3B in Jan-Sept B

Misamis Oriental Department of Education officials, Opol local government and National Grid Corporation of the Philippines cut a ribbon signifying the opening of the NGCP Computer Laboratory Utilities on Oct. 23, 2017 at the Patag Elementary School. The computer laboratory building is equipped with 25 sets of laptop, 2 units if aircon, 2 printers and a wifi router. (Rodolfo D. Mendoza/PIA10)

Nickel Asia sees ‘okay’ profit for 3rd quarter THE COUNTRY’S top nickel miner on Thursday said its third quarter profit is “okay,” after seeing improved ore prices.

Nickel Asia Corp.

President and CEO Gerard H. Brimo, described the company’s net income for the July to September period as “okay,” as nickel prices improved “a little bit better” than a year ago.

“We are expecting slightly lower volume but bigger revenues (this year),” Mr. Brimo told reporters on the sidelines of the 38th board meeting of the Philippine Extractive Industries Transparency Initiative

in Pasay City Wednesday night.

Nickel Asia’s net income for the first six months of the year reached P2.197 billion, a massive jump from the P251.2 million logged in the same period last year.

In 2016, the firm’s net profit fell 11% to P2.711 billion from the P3.044 billion in the prior year.

Revenues last year stood at P14.122 billion, 8% lower than 2015’s P15.431 billion.

Nickel-extracting companies reeled last year from depressed world ore prices on the back of the economic slowdown

PLDT to spend P11B to upgrade broadband service PLDT, INC. on Thursday said it will spend P11 billion in the next two years to upgrade its fiber optic network.

In statement, the telecommunications company said it will upgrade the connection of around 1.3 million subscribers of its fixed line home broadband service by rolling out over one million ports nationwide.

This means DSL customers will be upgraded to fiberfast connectivity.

“We have roughly 1.2, 1.3 million who are on our copper DSL. The program is to [upgrade into fiber] the subscribers in the next two years,” PLDT First Vice-President and Head of Home Business Marco Alejandro T. Borlongan said on the sidelines of the PLDT and Smart Consumer Group event on Wednesday.

This year, PLDT Home has been rolling out fiber-

to-the-home (FTTH) network nationwide, in a bid to deliver faster Internet speeds to its subscribers.

“In the past four years, all our new rollouts are already fiber,” Mr. Borlongan said.

PLDT is targeting to expand its FTTH coverage to about four million homes passed by the end of 2017. It recently completed its P1-billion fiber optic network expansion project in Mindanao, as well as rollouts of fiber connections in the residential and commercial areas of the Rockwell Center in Makati and Bonifacio Global City in Taguig.

“Our vision is to make high-speed internet connectivity the standard of every Filipino whether they are at home or on the go. With reliable and pldt/PAGE 9

in China which has the biggest appetite for nickel, the raw material for stainless steel and other corrosion-resistant alloys.

This year, miners saw last year’s losses turn into gains with the rebound in prices. The industry faced a tough policy environment when staunch environmentalist Regina Paz L. Lopez became Environment secretary and implemented

a crackdown on erring miners. She was rejected by the Commission on Appointments (CA) last May, and replaced by Roy A. Cimatu.

Widely perceived by miners as backing investor-friendly policies, Mr. Cimatu secured the nod of the CA last month.

“We are all looking forward to meet him as a group. We want to nickel/PAGE 9

UILDING solutions provider Holcim Philippines has posted a 57.6-percent decline in its profit in the first three quarters of the year on lower volumes and prices.

Holcim told the local bourse its net income reached P2.3 billion in January to September from P5.42 billion during the same period last year.

The company’s profit in the third quarter alone reached P337.2 million compared with PHP1.8 billion in the previous year on cost pressures from rising energy expenses and the declining peso.

Holcim said tighter competition and higher production expenses challenged its performance in the third quarter, but the company continues to sustain its investment and expansion plans in the country.

“We remain steadfast in our support for Philippine growth and in the many opportunities in the market. We note the government’s recent report that infrastructure spending has started to pick up,” said Holcim Philippines President and Chief Executive Officer Sapna Sood.

“To this end, the

transformation of our company continues in order to better serve our customers and support the development of the country,” said Sood.

Holcim continues to ramp up its support for Mindanao with its P2.7-billion expansion project in Davao and the groundbreaking of its upgraded facilities this month in rites to be attended by key government and top company officials.

This will bring its cement production capacity in the city to 2.2 million metric tons, as part of raising its total cement capacity by 2019 to 12 million metric tons from the current 10 million metric tons.

The company is also continually pursuing and co-developing solutions and technical services, together with its clients and partners, that result in effective time and cost efficiencies, a key focus of the government’s infrastructure program.

Given the business conditions, it is further strengthening its cost management efforts through logistics excellence, renegotiation of energy and procurement contracts to improve variable costs, and fixed cost management. (PNA)

8

cmyk

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BSP readies banks’ cybersecurity upgrades

C

YBER criminals continue to look for ways on how to hit information technology (IT) systems of companies and various institutions.

In the case of Philippine banks, these institutions have upped their system especially since the Bangko Sentral ng Pilipinas (BSP) now rate these financial institutions in terms of their IT security strength and their risk management framework among others.

“There is an established process wherein we deploy enforcement action all the way from corrective action for the worst cases to no action,” BSP Governor

Nestor A. Espenilla Jr. said.

The central bank chief declined to give figures on banks’ cybersecurity ratings but stressed that these are “getting better.”

He explained that regulators “are also adjusting to the environment” since “cybercriminals are becoming more and more aggressive.”

“And it’s a full time operation. It’s their business (that) they do nothing but attack so what we are doing is elevated standards as well.

These standards cover, among others, electronic banking (e-banking) transactions.

Among these circulars is Circular No. 808 issued in August 22, 2013,

which classify bank’s IT risk profile as either “complex” or “simple’ and is based primarily on banks’ degree of adoption of technology.

Espenilla said since the standards were put in place in 2013 enhancements have been introduced and will continue to be improved to ensure that these prevent the rising number of risks.

“But now it’s a major overhaul of the standards to bring it to the next level…

So those who were doing well in the old standard will probably have some running to do in the new standard,” he said.

The BSP chief said a plus towards this measure is top

executives’ and not just IT personnel’s understanding on the need to put the necessary measures to thwart risks.

He said that if the banks’ Board of Directors does not realize the need to enhance cybersecurity then “they will not invest enough resources in this, which is the one that makes a bank or financial institution fundamentally vulnerable to cybercrime.”

“And then there are some prescriptive measures there in terms of what are the expectations and we just basically adopted international, prevailing international standards on this,” he added. (PNA)

Ashes...

the horrors of a nuclear war.

This has become an iconic landmark for Hiroshima which attracts droves of tourists yearly.

This also recalls the way the Americans preserved the USS Arizona in Pearl Harbor. Quite a number of the ships sunked during the bombing were refloated, made combat-ready and deployed in the Battle of Leyte Gulf. Two of USS Arizona’s still serviceable guns were salvaged and reinstalled in another battleship which later fought off Okinawa.

But the bulk of USS Arizona was left where it lay .

Now straddling the ship’s hull is the USS Arizona Memorial which was erected to honor the 1,177 servicemen who died during the attack.

The structure cum museum provides tens of thousands of tourists yearly a convenient

viewing access to the sunken ship which has been declared a national shrine.

With proper planning, born out of public consultation and active participation of the locals, Palafox believes that Marawi can be re-designed to be “better, safer, smarter and more sustainable”.

I can not but agree 101 per cent.

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

I said, `Sovereign LORD, you alone know.’ Then he said to me, `Prophesy to these bones and say to them, ‘Dry bones, hear the word of the LORD! “ `This is what the Sovereign LORD says to these bones: I will make breath enter you, and you will come to life. I will attach tendons to you and make flesh come upon you and cover you with skin; I will put breath in you, and you will come to life.

Then you will know that I am the LORD.’ -ooo WATCH ANG TANGING DAAN” AT FACEBOOK: “Ang Tanging Daan” is a Bible exposition and prayer session for everyone, in English and Filipino, 24/7, worldwide, that can be viewed at www. facebook.com/angtangingdaan.

Please see the video section.

Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058.

Email: batasmauricio@yahoo. com.

associations from other countries that have adopted it. We will do the same.

Hopefully we can sign this in November because it will take us about a year or more to implement it,” Mr. Brimo added.

The TSM is a set of tools and indicators to drive performance and ensure that key mining risks are managed responsibly at t he faci lit ies of miners that adopt this method.

Mr. Brimo added the CoMP may modify some of the parameters to align with local policy settings while noting that workshops will be conducted before the initiative is implemented.

PLDT...

from page 4

as well as those who are in other fields or disciplines.

Also, there should be a balance between socially acceptable recommendations and world standards.

Specific recommendations: Portions of the city can be re-designed to be “bikeable” and “walkable”.

The schools, hospitals and other public institutions should be rebuilt. But Palafox suggests that a portion of the ruins be preserved.

The preserved ruins will be designed as a monument to peace and as a constant reminder of what an extremist ideology can wreak.

The recommendation is based on the Hiroshima city model, where remnants of a building which ‘survived” the atomic bomb blast was preserved as a reminder of

Nickel... from page 7

present to him a number of i n it i at ive s t hat have b e en u nd e r t a ke n ,” s ai d Mr. Br i mo w h o i s a l s o chairman of the Chamber of Mines of the Philippines (CoMP).

One of the initiatives that miners are planning to implement soon is the adoption of the so-called Tow a rd s Su s t ai n a bi l it y Mining (TSM) initiative, w h i c h w i l l i nvo l ve t h e initiative between CoMP and the Mining Association of Canada.

“It is global now. There have been a lot of mining

Saved... from page 4

and set me in the middle of a valley; it was full of bones.

“He led me back and forth among them, and I saw a great many bones on the floor of the valley, bones that were very dry. He asked me, `Son of man, can these bones live?’

from page 7

fast connectivity, PLDT is fully committed to r e v o l u t i o n i z e t h e w ay Filipinos experience and enjoy world-class digital ser vices and content on their various screens – the television, personal computers, tablets, and mobi l e phone s ,” PL DT and Smart Executive VicePresident and Chief Revenue Officer Eric R. Alberto was quoted as saying in a statement.

“By end-2018, over 90% of the country’s population will have Smart LTE coverage.

We are complementing

this LTE rollout with our deployment of ultra-fast Smart Wi-Fi, which registers over 100Mbps download and upload speed, and is now available at key airports, o t h e r t r a n s p o r t hu b s , popular food parks, bars and restaurants as part of our SMART Spots Program all over the country,” PLDT an d S m ar t F i r s t Vi c e President and He ad of C onsumer Business for Market Development Oscar A. Reyes, Jr. was quoted as saying in a statement.

For this year, PLDT set aside P38 billion for capital expenditures, mainly for network modernization and expansion program.

9

BusinessWeek Lifestyle

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www.businessweekmindanao.com

IN-DEPTH

Monday | October 30, 2017

Jan & Maggie Uy with Manager Joe Jake Almonobar and local lifestyle writers and bloggers at the recent taste taste of Cucina Higala’s expanded menu (photo courtesy of Explorer’s Channel)

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Enjoy your favorite movies and videos with the Vivo V7+ All-screen display

The Night Stalker:

More dishes & time to enjoy them at Cucina Higala Very soon Kagay-anons and their guests can enjoy more of their favorite Filipino dishes at what my kasimanwa Ruffy Magbuana calls “the friendliest kitchen in town,” and have more time to enjoy it!

Besides expanding their offerings in response to the requests of their sukis, Cucina Higala will also be expanding its operating hours by next month from 10am-10pm daily.

“Many of our patrons asked us why we were not open from 2-5pm because they also believe they can enjoy merienda better with the ambience of Cucina Higala,” said Maggie J. Uy, the better

half of the dynamic duo along with hubby Jan, who are behind the drive to constantly improve the innovative resto.

“So we shall be open from 2-5pm starting next month, and we have also expanded our menu to include favorite Filipino meriendas,” she added.

Not only that, your favorite meriendas can also be ordered in smaller portions in deference to guests who come alone or as couples.

“For instance, you can now order one of our best seller fresh lumpia for merienda, instead of the two we had before,” Maggie said.

Other menu items will also be similarly available

Cucina Higala is readily accessible along Gen. N. Capistrano-Kalambagohan Streets

cmyk

in smaller and more affordably priced portions.

Among the Filipino favorite meriendas to be rolled our next month are Pinoy Style Spaghetti, Pancit Palabok, and Salpicao.

The new menu was launched last October 17 at a taste test in Cucina Higala’s trademark mezzanine floor with local lifestyle writers and bloggers.

Cucina Higala was originally conceived as a showcase of the region’s heritage Filipino dishes and you’ll still find them all in the menu, such as the Marawi-inspired Wagyu Beef Brisket Rendang, Camiguin’s Surol chicken stew, and

of course, Cagayan de Oro’s signature dishes, the famous Sinuglaw and Kinilaw na Isda.

However, when guests kept asking for more traditional Filipino dishes and soups, Jan and Maggie decided it was time to expand the menu.

Among the new and more familiar Filipino favorites introduced during the taste test was Adobong Kanding, Adobong Kangkong, Beef Caldereta, Beef Fried Rice, Fish Escabeche, Monggo Guisado, Sinigang na Ulang, Tinolang Isda, and Tinolang Manok.

There’s just one more week to go, so we all don’t have too long to wait.

Andam na mo!

Inigo Pascual, the top 1 Filipino singer on the first ever Billboard Philippines while watching his favorite kpop bands

L

egendary American filmmaker David Lynch was once famously quoted years ago that even at this age, one can never have a fulfilling experience watching a film on a mobile phone as compared to watching it on the big screen.

But with the dawn of high technology, revolutionary features in most smartphones, the once impossible are now possible.

Vivo V7+ is no exception and any movie buff would just die to have this newest offering from the 5th in the 20162017 Leading Global Smartphone Brands.

The V7+’s enlarged allscreen display makes for a perfect screen for watching movies and videos, mimicking the experience of watching one’s favorite flick on the big screen. The user is at liberty to adjust the dimension of the picture when playing a video from the original aspect ratio or to the largest version, filling up the entire screen to appreciate the colors and texture of the picture. Moreover, the V7+’s AK4376A Hi-Fi audio chip levels up the mobile audio technology notches higher than its counterparts, allowing

movie fanatics to better appreciate the sound effects as if in an actual cinema; the V7+’s phone speakers reach up to 3-6dB of external volume.

With the Vivo V7+, anyone can now enjoy the beauty and magic of cinema through their smartphone that fit right in their pocket.

The V7+, is also an ingenious selfiecentric smartphone and stands by Vivo’s mission of empowering selfexpression of the next generation. This oneof-a-kind smartphone packs the most advanced technologies from its champion display to the rest of its impressive, thumbprint features.

From the quality of its photos to its superb screen quality, the V7+ is on top of its game in leading-edge selfie experience. The V7+ comes in Matte Black color and Crown Gold at only Php Php17,990 and is available at Lazada, Argomall, and all Vivo concept stores and kiosks.

For inquiries about Vivo, visit the Vivo website at www.vivo.com/ph or check out their Facebook (https://www.facebook. com/VivoPhil), Instagram (https://www.instagram. com/vivophil/), and Twitter (https://twitter.com/ vivo_phil) accounts

11

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Standards... from page 1

Promotion, International Relations and Public Affairs of Mindanao Development Aut hor it y ( Mi n DA ) , noted how non-renewable energy now accounts for 1,898 megawatts (MW) of Mindanao’s total installed capacity of 3,162 or 60 percent of the energy mix, while the renewable sources account only for about 40 percent with a contribution of 1,264 mw (108 mw geo-thermal, 1,061 mw hydro, 36 mw biomass, and 59 mw solar).

“A diversified mix of fossil and renewable energy sources is integral to our overall strategy of pursuing balanced and holistic economic growth in Mindanao,” Montenegro stressed.

Pursuing RE development is also dovetails with the MinDA’s Mindanao 2020 Peace and Development Framework Plan, which recognizes power as a major enabling factor for socioeconomic development.

Mindanao-based nongovernment organizations have also expressed alarm over the continuing rise in the power mix of nonrenewable fossil energ y sources, especially in offgrid areas like isolated island which would be especially at risk from pollution.

Chinkie Pelino-Golle, executive director of the Environmental group Inte r f a c e D e vel opme nt Interventions (IDIS) also decried government policy in encouraging private investments in non-RE fossilfueled power plants.

“Instead of maintaining or enhancing it, the government opened the market for more non-RE sources that pose threat to people’s health and the environment. We don’t have the capacity and competence to conduct our own safety tests of these coal fired power plants,” she said.

She decried how DOE failed to faithfully implement Republic Act 9513, or the “Renewable Energy Act”, w h i c h p r o m o t e s “t h e development, utilization and commercialization of renewable energy resources,” because “it if does, the non-renewable energ y (RE) sources may have not outnumbered the RE sources in Mindanao.”

“We challenge DOE to present their RE plan and concrete steps on how this will be implemented. They have to allocate funds for RE sources because this will help us gradually wean from hazardous energy sources such as CFPP (coal-fired power plant),” she said.

While admitting local industrialization and development was not bad per se, these should be implemented in ways that “will ensure protection and sustainable utilization of our resources and ensure that the future generation will also have safe and healthy environment.”

NREB RPS Of f-g r id Committee Chair Urbano Mendiola and NREB

Chairman Atty. Jose Layug Jr., are facilitating the public consultations as a venue to present the latest draft of the RPS Off-grid guidelines and to gather comments and suggestions from stakeholders before its implementation.

The consultations focus on the rules and guidelines for the Renewable Portfolio Standards (RPS) for Off-grid areas, a policy mechanism requiring electric power industry stakeholders such as generators, distribution utilities, and suppliers to source or produce a specified fraction of the electricity they generate from eligible RE resources. “ T h e prop o s e d R P S rules for off-grid areas w i l l c ont r i but e t o t h e growth of the renewable energy industry through increased development and utilization of RE resources in the countryside where significant percentage are using expensive fuels. Thus we will be able to diversify energ y supply,” Energ y Secretary Alfonso G. Cusi said.

“Ultimately, we see this to spur socio-economic development and help address environmental concerns,” he added.

The consultations are being held with the support of the Department of Energy and the United States Agency for International Development (USAID) through its Building Low Emission Alternatives to Develop Economic Resilience and Sustainability Project.

The DOE also welcomes additional recommendations on the NREB proposed policy from the public, especially from the primar y RE stakeholders. All interested st a keholders may s end comments until 10 November 2017 at email: techsec.nreb@ gmail.com. An electronic copy of the NREB proposed policy is downloadable at the DOE official website: www. doe.gov.ph.

The issuance of the RPS guidelines is based on Republic Act No. 9513 or the Renewable Energy Act of 2008, which aims to increase the utilization of RE by enhancing national and local capabilities.

The Luzon leg of the public consultations for RPS was conducted on 5 October in Puerto Princesa City and on 12 October in Pastor Village, Batangas City. The public consultation for the Visayas was held on October 26 in Lahug, Cebu City. (DOE and various wires)

Undas...

from page 1 during the observance of the All Saints’ and All Souls’ Day. The concerned offices are directed to be on heightened alert to ensure the safety and security of passengers in airports, seaports, and other transportation hubs during the season.

All frontline agencies are to implement round the clock operations for their action and operations centers and ensure direct communication lines with the action center.

All booths, counters and

centers serving passengers are to be properly manned during operating hours to prevent long lines.

LTFRB will also conduct a thorough inspection of buses to ensure road worthiness of vehicles and safety of passengers.

The Philippines Ports Authority (PPA) would also ensure maximum security, safety, and convenience of passengers. Passengers will be strictly screened while ship agents are required to regularly update ship arrival and departure schedules.

First aid services will be made available in the ports on a 24/7 schedule.

In anticipation of the occurrence of emergencies, the Regional Disaster Risk Reduction and Management C ouncil (RDRRMC) in Northern Mindanao will likewise undertake measures to ensure the safety of the general public and activate Oplan Ghost Buster from 28 October to 5 November 2017.

Office of Civil Defense (OCD) Director and RDRRMC Chair Liza R. Mazo said that Filipino families use this season to bond and reconnect with relatives. With this, a great deal of people will be compelled to go home to their respective hometowns.

L o c a l D i s aste r R i sk Reduction and Management (DRRM) offices will also establish their command posts and deploy personnel to different cemeteries in their area of responsibility (AOR).

Radio groups will also be present and provide help in giving situational reports to the LDRRMCs operation centers. (EOR/PIA10)

Plant... from page 1

Misamis Oriental as their plant site.

In 2008, Korea’s Hanjin Heavy Industries had already set the construction of its $2 billion shipyard facility at Phividec only to be pulled out due to hitches in bureaucratic processes.

Quijano, who assumed as Phividec administrator only two months ago, assured his full support to the project shou l d Anste el pushe s through with their planned investment here.

Tw o o t h e r C h i n e s e steelmaking firms – Huili Investment Fund Management Co., Ltd. and Yi Ding Tai International Corp.

– also expressed interest to put up projects in the country.

A n s t e e l i s a m aj o r manufacturer of shipbuilding plates, bulb steel and a great batch of imperative steel products. It has the capacity to produce four million tons of ship hull and ocean engineering steel per year.

Learning... from page 2

ro asters p ay P150. The Arabica before was priced at P140 to P150, now the selling farm price of coffee from Balutakay Farmers Association of Davao del Sur is at P250.

“I think that is how we

will empower the farmers by producing quality coffee that could command higher market price,” she said.

“We have a grading sheet for our coffee,” she said, “and in fact the quality of Philippine coffee is one of the top where some scored at 86,” she added.

The PCBI have graders that were trained by the Coffee Quality Institute and they are called Professional Q Graders and Certified Q Graders.

She said the new wave of coffee shops that are s prout i ng any w h e re i n the Philippines sell coffee before at P40 to P50. Now, specialty coffee ranges from P120 to P140 and even up to P180 if the preparation is done openly.

She said this development would encourage to produce more specialty coffee.

“We hope to double our entries from 80 in 2016 to 160 in the next Kape Pilipino 2018,” she said.

According to Manny To r r e j o n o f P C B I , t h e secrets are not secrets after all. “Clean your farms. Taste and cup your coffees. And be serious about quality.

The other secret is in the processing,” he said.

To r r e j o n h a s b e e n cupping coffee for over 20 years now. (Digna D. Banzon/PNA)

Flower... from page 2

from P50 to P200 or higher depending on the flower variety. Flower arrangement ranges from P1,500 and above.

But he said it is expected to increase as fresh supply from other areas is set to arrive in time for the All Saints and All Souls Day observance.

(PNA)

Cleanser...

is seen to effect transparency in the areas of tax collection and public procurement.

Perhaps one of the most fertile sources of corruption is associated with the purchasing a c t iv it i e s of t he st ate.

Adequate levels of openness, competition, a level playing field for suppliers and fairly clear bidding procedures are procedures that will guarantee transparency and accountability.

In many of the measures aimed at combating corruption, the underlying philos ophy is one of eliminating the opportunity for corruption by changing incentives, by closing off loopholes and eliminating misconceived rules that encourage corrupt behavior.

But an approach that will focus solely on changing the rules and the incentives, accompanied by appropriately h a r s h p u n i s h m e nt f o r violating the rules, is likely to be far more effective if it is also supported by efforts to buttress the moral and ethical foundation of human behavior.

Indeed, the bureaucracy needs ‘cleansing’ more than ever. (ruffy44_ph2000@ yahoo.com)

from page 4

pronged strategy aimed at increasing the benefits of being honest and the costs of being corrupt must be put in place into the very fabric of the working force.

A sensible combination of reward and punishment system must be put in place to serve as the driving force of reforms. The Advocacy Group would also want to discuss two more complementary approaches in addressing corruption in government.

First, the government must create transparency and openness in public spending. The more open and transparent the process, the less opportunity it will provide for malfeasance and abuse.

In this respect, press f re e d om and l e vel s of literacy will, likewise, shape in important ways in the context for reforms. With an active civil society, the culture of participation is an important ingredient to support various strategies aimed at reducing corruption.

Second, the government must apply smart technology.

Just as government-induced distortions provide many opportunities for corruption, it is also the case that frequent, direct contact b etween government officials and citizens can open the way for illicit transactions.

One way to address this problem is to use readily available technologies to encourage more of an armslength relationship between officials and civil society.

Internet has been proved to be an effective tool to reduce corruption.

The use of online platforms to facilitate the government’s interactions with civil society and the business community

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

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF NOTICE OF EXTRA- JUDICIAL SALE EJF No.: 208-07-2017 Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended, filed by the 1st Valley Bank Inc., Baroy, Lanao del Norte against ELPIDIA DEMALUAN PALCONITE, Malingao, Tubod, Lanao del Norte to satisfy the indebtedness which as of September 11, 2017 amounting to ONE HUNDRED NINETY THOUSAND (Php 190,000.00) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on 20TH day of November, 2017 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Provincial Capitol of Lanao del Norte, Pigcarangan, Tubod, Lanao del Norte, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements. To wit: LIST OF MORTGAGED PROPERTIES A parcel of COCOLAND situated at MALINGAO, TUBOD, Lanao del Norte. Containing an area of Two Hundred Sixty Six (266) sqm. More or less including all the improvements found thereon more particularly described and bounded as follows: LOT NO. 3199-B-3 PSD-12-024723 Bounded on the NE., & SE., along lines 1-2-3 by Lot 3199-B-9; SW., & NW along lines 3-41 by Lot 3199-B-2 both of the Subdivision Plan Psd-12-024723.

All points referred to are indicated on the plan and are marked on the ground by ‘’PS’’ Cyl. Conc. Mons.

15 x 60 cms. The same is covered by the Transfer Certificate of Title No. T-26471 name Elpedia Palconite resided at Malingao, TUBOD Lanao del Norte. Declared for taxation purposes assessed at =P= 11,540.00 as evidence of tax declaration No. G-1301092 for the Province of Lanao del Norte. The same is in the actual possession and occupation of herein mortgagor.

All sealed bids must be submitted to the undersigned on the above stated time and date.

Tubod, Lanao del Norte, Philippines, this 10th day of October, 2017.

BWM: October 16, 23 & 30, 2017

For the Clerk of Court and Ex-Officio Sheriff (SGD.) CONRADO V. HINGCO, JR. Sheriff IV

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