BusinessWeek Mindanao (October 31, 2014)

BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 63

Market Indicators

As of 5:54 pm Oct. 30, 2014 (THURSDAY)

FOREX

PHISIX

US$1 = P44.90

7170.99 points

cents

X

77.68 points

X

X

19

Briefly Valuing ecosystem STEWARDSHIP for Mother Nature requires a multisectoral cooperation, thereby Xavier University frontlines an environmental movement designed to propel communities to engage in a sustainable mechanism ensuring the recuperation of our forest resources in northern Mindanao.

XU sets to launch the region-wide environmental platform dubbed as Valuing Ecosystem Services Together (VEST) on November 4-7 at the Activity Center of Centrio Mall.

“The grand launch is only the tip of the iceberg,” said Evans I Yonson, a Development Communication professor and head of the social marketing team.

VEST is grounded upon the philosophy that what happens at the top trickles down to the lowlands. Evidently, during the lash of Typhoon Sendong in December 2011, most water which came down and ravaged CDO originated from the headwater tributaries in Bukidnon.

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Alsons gets $73.5-M loan for M’nao power projects T

By MYRNA VELASCO, Contributor

he power generation group of Alsons Consolidated Resources, Inc. (ACR) will be funneled with new funding of $73.5 million to partly bankroll its power projects in Mindanao as well as for the repayment of maturing debts.

The publicly-listed firm, in a statement to the media, has noted that the longterm loan was raised from a syndicate of foreign and local banks. It was leadarranged by UBS (AG )of Singapore.

“ACR will utilize the loan to partially fund its power development projects in Mindanao and repay debts,” the company stressed.

The credit facility, it was emphasized, will partly fi-

nance its two power plant projects – its 105-megawatt proposed San Ramon Power facility in Zamboanga and the 210-MW Sarangani power project.

For the Zamboanga project, the company noted that it has yet to move to financial closing, while the first 105-MW phase of the Sarangani plant is targeted for commercial commissioning by third quarter next year.

ALSONS/PAGE 11

FLOWERS FOR THE DEAD. Flowers of various kinds and colors flood the sidewalks of Lt. Guillermo St. near the Cogon public market in Cagayan de Oro City, few days before the “Kalag-kalag” celebration in the weekend. Vendors expect brisk sales as Filipinos troop to the cemeteries to pay respects for MindaNews photo by Froilan Gallardo their dead relatives.

Flower vendors see brisk sales during ‘Kalag-kalag’

MRDP project DAVAO del Norte -- Officials o f t h e M i n d a n a o Ru r a l Development Project (MRDP) hailed the Cateel Irrigation Dam as a model project for the implementation of the Philippine Rural Development Project.

Dir. Lealyn Ramos, MRDP program director, stressed yesterday (October 28) during the inauguration ceremony of the Cateel Irrigation Dam that the project showed the dedication of the people of Davao Oriental and the strong partnership of the local government unit (LGU) and the Department of Agriculture (DA) in pursuing the project despite all odds.

“The legacy of the project, which withstands surmountable challenges, will leave as an imprint as we go further and into the implementation of the PRDP,” Director Ramos said.

P15.00

By FROILAN GALLARDO, MindaNews

VENDORS along Lt. Guillermo St. near the Cogon public market here are expecting brisk sales in the coming days as families buy flowers to decorate the graves of departed relatives during the weekend, when Catholics observe All Saints’ Day and All Souls’ STRANDED COMMUTERS. Commuters who missed the last trips to the provinces opt to stay over- Day, a two-day celebration night in Davao City’s Overland Terminal and pay P25 for folding bed rental. MindaNews photo collectively called locally as

“Kalag-kalag.”

“Come back tomorrow.

The flowers will arrive from all over Mindanao and all of them are very beautiful to see,” flower vendor Marilyn Buay said Tuesday.

Buay said they are expecting a huge shipment of Malaysian Mums from General Santos City FLOWERS/PAGE 11

AirAsia Zest evaluating more BIMP-EAGA flights

By CARMELITO Q. FRANCISCO, Correspondent

DAVAO City -- Low-cost carrier AirAsia Zest is keen on serving routes within the Brunei-IndonesiaMalaysia-Philippines-East

“We are excited about ASEAN (Association of Southeast Asian Nations) opening up the Davao-KoGrowth Area (BIMP-EA- ta Kinabalu route and are GA) by 2016, starting with planning more routes in the AIR Asia/PAGE 11 Davao-Kota Kinabalu.

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E conomy 2 Jobs, livelihood fair caps coop month celebration Best in Business and Economic Reporting

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OROQUIETA City – A twoday jobs and livelihood fair will cap the celebration of the Cooperative Month, here, on

Oct. 30-31.

Jointly sponsored by t h e C it y D e ve l opm e nt Cooperative Council

(CDCC), Public Services Employment Office (PESO), Department of Labor and Employment (DOLE) and the Philippine Overseas Employment Administration (POEA), the activity will be done at the Town Center, participated by more than 20 recruitment agencies for domestic and overseas employment.

Meanwhile, Mark Anthony D. Artigas, concurrent PESO and CDCC Officer said winners of the 2014 Co-op Educational Contests, as part of the information, education and communication (IEC) campaign on the significance of October, as the Cooperative Mont h , we re aw ard e d, yesterday, Oct. 28.

He said the contests fo c us ed on t he t heme: “Kooperatiba : Maaasahan

sa Pagsulong ng Kabuhayan at Kapayapaan ng Bayan (Cooperatives: Dependable in March Towards Livelihood and Peace in the Community).”

The awards, which included medals for the winners, trophies for the s cho ols, cer t if icates of recognition for both Coach and winners and cash prizes for the latter were given to the following: Quiz Show -- Kenjie C. Balucan, 1st place, Coach Lovemae B. Bandala, Misamis University (MU), Hannah Jane J. Kilag, 2nd place, Coach Dionesio L. Liwagon, Jr., Misamis Occidental National High School (MONHS), Marjorie B. Apdua, 3rd place, Coach Hietje V. Delos Reyes, Senote NHS. JOBS / PAGE 10

MNLF beneficiaries awarded Philhealth cards, study grants BACOLOD, Lanao del Norte -- Some 79 beneficiaries who are now in the folds of the law were awarded PhilHealth cards in a ceremony at the civic auditorium in Bacolod town, Lanao del Norte.

Mayor Joselito E. Miquiabas of the host town said being a cardholder of this health card insurance, when presented at the hospital for admission would serve a privilege for discount as compared to those noncardholders.

“We’re grateful that the national government has looked into this privilege/ assistance to our brothers from the Moro National Liberation Front (MNLF) who now feel that they belong or part of the community,” said mayor Miquiabas.

Also, some 17 students/ children of MNLFreturnees received their certificates on the study grant from the Commission on Higher Education (CHED), as per guidelines on the course offered to them.

While Allan S. Almoite, PAMANA area manager, said students qualified for this study grant are children of our MNLF beneficiaries as recommendation attached from the MNLF commander border command.

Almoite added, this is part of the assistance availed from

the PAyapa at MAsaganang PamayaNAn (PAMANA) projects to MNLFreturnees and communities in Bacolod, and other areas in the six municipalities of Lanao del Norte.

For his part, Abidin Sanguila, MNLF commander border command, expressed his gratitude to the PNoy administration in its quest to conquer poverty. According to Sanguila, poverty is the root cause of being into uprising rebel groups.

PAMANA is the national government’s framework and program for peace and development in conflictaffected areas (CAAs), as well as communities covered by existing Kapit-Bisig Laban sa Kahirapan – Comprehensive and Integrated Delivery of Social Services (KALAHI CIDSS) Region X. Meanwhile, Musa Mohamad Sanguila, as senior consultant of the Office of the Presidential Adviser on Peace Process (OPAPP), who is also the director of the Pakigdait, Inc., said that with the creation of Bantay Kalilintad, a third party organization composed of civil society organization, is PAMANA Project’s partner, which takes charge to monitor what has the Armed Forces MNLF / PAGE 10

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Jan-Sep Power, banking businesses Philex’s earnings Boost Aboitiz’s net income drop by a third THE holding firm of the Aboitiz family saw third-quarter profit rise in the low single digit, but nine-month earnings were still behind last year’s because of the weakness of its power and banking units.

In a disclosure to the Philippine Stock Exchange, Aboitiz Equity Ventures Inc (AEV) said its consolidated net income rose 3 percent year-on-year to P4.8 billion in the July to September period.

Excluding non-recurring items, AEV closed the quarter with a core net income of P5.2 billion, 9 percent higher from year ago levels.

Year-to-date, the conglomerate’s consolidated net income declined 14 percent to P14.3 billion from P16.6 billion in 2013. Adjusting for extraordinary items,

AEV’s core net income amounted to P13.9 billion, 16 percent lower than last year.

Power accounted for majority of the earnings at 72 percent.

The share of banking was at 17 percent, while food and property contributed 7 percent and 4 percent, respectively.

Contribution of Aboitiz Power Corp dropped 8 percent to P10.1 billion in the January to September period from the prior year’s P11 billion because of the fullyear impact of the implementation of the Geothermal Resource Supply Contract of the TiwiMakban plants, limited operations of Magat plant due to low water levels, and the expiration of the Pagbilao plant’s income tax holiday starting January 2014.

The earnings share of the banking business, mainly

through Union Bank of the Philippines, went down 28 percent to P2.4 billion in the nine-month period from P3.3 billion a year due to hefty trading gains earned in 2013.

Food unit Pilmico Foods Corp’s income contribution was flat at P942.2 million at endSeptember as the strength of the farms and flour division offset the weakness in the feeds segment, which was weighed down by lower margins and the expiration of the income tax holiday of the Iligan feed mill.

Real estate arm Aboitiz Land Inc’s consolidated net income contribution surged 247 percent to P565.40 million from P162.80 million last year on higher sales and the consolidation of recently acquired industrial estate operator Lima Land Inc.

A Brown sells Brown Resources unit A BROWN Company, Inc. will be divesting its hospitality business in a P24.5-million deal, a move intended to increase liquidity and focus the company on its core businesses.

In a disclosure on Tuesday, the listed holding firm announced that it will be selling its entire equity in Brown Resources Corp. (BRC) to spouses Walter W. Brown and Anabelle P. Brown or to an entity they will designate.

Mr. Brown and Mrs. Brown sit as A Brown’s executive chairman and director, respectively.

“The corporate entity that the spouses will use is still to be determined by them,” A Brown said.

The sale will involve 50 million shares at P0.49 apiece or a total of P24.5 million.

BRC serves as A Brown Group of Companies’ arm for the operation of its chalets and hotel business.

“The sale of BRC shares will realign the business focus on the core businesses of the company and the proceeds of the sale will increase liquidity,” A Brown said.

As part of this divestment decision, the company will also sell several parcels of land collectively worth P8 million to Mr. and Mrs. Brown.

These assets are located within

Xavier Estate in Cagayan de Oro City, A Brown said.

“With the sale of the company’s interest in… BRC to the spouses/entity, they opted to also purchase the land where the chalets of [BRC] stand instead of leasing it,” the company added.

A Brown, which serves as public holding firm of the Brown Group of Companies, is primarily engaged in the business of real estate development.

Through its subsidiaries, A Brown has also ventured into oil palm nurseries and seedling distribution, palm oil milling, and real estate brokerage.

CLASSROOMS. Therma South, Inc. (TSI), a subsidiary of AboitizPower Corp., turns over an AGAPP kindergarten school building at Coronon Elementary School in Sta. Cruz, Davao del Sur. Even before it starts operations for its 300-MW thermal power plant, Therma South has turned over four AGAPP classroom buildings (a total of eight classrooms) in Davao City and Sta. Cruz. The Aboitiz group, as a whole, has donated a total of 88 school buildings (176 "silid panagarap" classrooms) under the Aklat, Gabay, Aruga tungo sa Pag-angat at Pag-asa (AGAPP) Foundation. Seventy two of these classrooms were built in Mindanao. (Photo provided)

LOWER ore grades and weak international metal prices pulled down the nine-month earnings of the country’s biggest listed mining company.

In a disclosure to the Philippine Stock Exchange, Philex Mining Corp said it earned P950.6 million in the January to September period, a 34.27 percent drop from the P1.44 billion in the same nine months of last year.

Excluding nonrecurring items, the company’s core profit reached P901.2 million, or 39 percent lower than the P1.47 billion in 2013.

The decline in profit was in spite an 8 percent increase in consolidated revenue to P8.378 billion from P7.73 billion last year. The higher revenue stemmed from more operating days this year, which mitigated the lower ore grades and weak prices.

As the mine ages, output from the Padcal copper-gold mine increasingly has become of lower grade, thus prompting Philex to raise the daily production to 27,000 metric tons from 25,000 previously.

Gold production in the third quarter alone climbed 2 percent to 26,458 ounces from 25,844 ounces in the previous quarter, as ore grades hit a record at 0.440 grams per ton.

“This was a result of operational adjustments aimed at bringing in better ore grade sources and maximizing metal recoveries,” Philex said.

In contrast, copper production declined to 8,642,509 pounds in the third quarter from 8,728,904 pounds in the second quarter, adding to a lower average price of $2.95 per

pound.

“Our cost streamlining measures across the entire organization thus far are delivering the desired results.

However, we believe that more needs to be done moving forward to curtail the impact of low grades and weak metal prices on our bottom line. In addition, we are extensively exploring areas within and outside Padcal to extend the mine’s life beyond 2020,” Eulalio Austin, Philex president, said.

He said the company is drilling in three sites adjacent to the Padcal mine as part of a five-year plan to tap beyond the 5 percent of its 14,000-hectare tenement in Benguet.

Beyond Padcal, the company has completed pre-feasibility at the Silangan mine.

“We are on-track with completing the bankable or definitive feasibility study for Silangan to de-risk the project and further increase our confidence level. We expect the [study] to be completed by mid-next year and are also looking forward to secure the remaining regulatory approvals to commence production,” Austin said.

The company plans to employ the open-pit mining method, which involves the excavation of the surface of the ground to extract minerals.

Located in Surigao del Norte, the Silangan mine combines the Boyongan and Bayugo deposits.

Philex has set aside P4 billion for capital expenditures this year, with P3.4 billion earmarked for exploration work at the Silangan project and the remaining amount for Padcal.

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Bank & Finances

BDO profit surges 41% to P5.7 billion BDO Unibank, Inc. (BDO) headed by Chairperson Teresita T. Sy-Coson and President Nestor V. Tan, posted solid results in the third quarter of the year with net income surging 41 percent to P5.7 billion, dr iven by sust ainable quality earnings from its commercial banking businesses.

In a disclosure to the Philippine Stock Exchange, the bank said this brought the year-to-date net income to P16.8 billion and puts it on track to achieving its full year target of P22.8 billion.

BDO breached the onetrillion peso mark in gross customer loans on sustained growth across all segments, to end at P1.03 trillion, up by 22 percent from year ago levels.

Total deposits were up 19 percent to P1.4 trillion, supported by faster-growing low cost deposits. These

contributed to the 21 percent increase in yearto-date net interest income to P37.5 billion.

Non-interest income was at P21.8 billion for the 9-month period, on steady results from feebased services and Treasury op erations. Op erating expenses ended the period at P36.9 billion.

B D O’s g r o s s n o n performing loan ratio continued to improve at 1.4 percent, down from 1.6 percent as of end 2013. With continued provisioning, the NPL coverage stood at 184 percent, one of the highest in the industry.

The Bank said it continues to be well capitalized with a consolidated capital adequac y ratio (CAR) of 14.1 percent and a common equity tier 1 (CET 1) ratio of 12.7 percent under the current Basel III environment.

These ratios are well above the minimum of 10 percent and 8.5 percent, respectively.

BDO emerged as the Philippines’ strongest bank based on The Asian Banker (AB) 500 Strongest Bank

by Balance Sheet Ranking 2014.

The bank said it led the ranking on the back of its strong performance across the six parameters the Singapore-based company used in the evaluation — scale of operations, balance sheet growth, risk management, profitability, asset quality and liquidity.

“BD O Unibank d e m on s t r at e d ov e r a l l strength and growth of its balance sheet with improvements to its profitability, while keeping NPL in control and overall capital strength,” said The Asian Banker managing editor Foo Boon Ping.

In a re l ate d s tor y, conglomerate SM Investments Corporation (SM) and its subsidiaries were recognized for excellence in good corporate governance by Hong Kong publication C or porate Governance Asia (CG Asia).

The 10th Corporate Governance Asia R e c o g n i t i o n Aw a r d s acknowledges the companies who have taken serious steps to institutionalize Corporate Governance into their businesses.

SM Vice Chairperson and BDO Chairperson Teresita T. Sy-Coson and SM Prime Holdings, Inc. President Hans T. Sy were both cited for the Asian Corporate Director award.

SM Investments Corporation, BDO Unibank, Inc. and SM Prime Holdings, Inc.were awarded with Asia’s Icon on Corporate BDO/PAGE 10

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Auto financing, credit cards lift consumer loans by 18% in Q2 THE Bangko Sentral ng Pilipinas (BSP) said that consumer loans in the second quarter increased 18 percent on year to P803.3 billion thanks to steadily expanding home and vehicle purchases and credit-card use.

T h e B SP s ai d t h at consumer lending in the April-to-June quarter was 9.3 percent higher than the P735.1 billion posted in the first quarter of 2014.

Photo by US Navy Mass Communication Specialist 2nd Class LaTunya Howard via Wikimedia Commons Photo by US Navy Mass Communication Specialist 2nd Class LaTunya Howard via Wikimedia Commons Even with the increase in consumer loans, the ratio of banks’ non-performing consumer loans declined to 5.0 percent at the end of June from 5.2 percent at the end of March.

Consumer spending is the major engine that drives

the Philippine economy, accounting for more than half of gross domestic product.

The BSP said the Philippines has the lowest consumer lending share vis-à-vis banks’ entire credit exposure in the region.

B as e d on its latest consumer loans report, the BSP said at only 16.5 percent of total lending, it is too low compared to its peers in Southeast Asia.

Malaysia’s consumer credit is about 62.2 percent of the total bank lending, Indonesia’s share is 28.4 percent, Thailand has 27.5 percent while Singapore’s consumer loans account for 25.5 percent.

The BSP said consumer loans rose on account of continued increase in investments of households in residential real estate and auto loans. Credit card loans also rose, although at a slower pace during the period, the report added.

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Death and beyond THE month of November begins with the celebration of the Solemnity of All Saints and the Commemoration of All Souls. These are celebrations that remind us of the wonderful reality that our life is not just limited by our earthly spaceand-time existence, but has other dimensions that we often take for granted.

We have to be wary of our tendency to get stuck to the here and now, and to be so immersed in the drama and game of our earthly life that we fail to realize there is a lot more beyond what we have here, what we do and say now, what we are at present.

We may create all sorts of problems and chaos in this life, all kinds of ugliness. But, hey, there is hope! Christ has redeemed us with his death!

Sin and death have their sting removed. Let us learn to see beauty in all the chaos and ugliness of our present, and attain redemption in our seemingly hopeless predicament.

Let’s remember that Christ’s all-powerful and never-fading work of redemption that culminated on the cross, can take on anything that we say, do or are, whether it is something good or something bad.

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Fairytale or Fact?

THINK

A Minute

By Jhan Tiafau Hurst

for all our sins. God the Son came to save us from suffering in hell forever, even though it cost Him His own divine life. You see, we can’t say we believe Jesus Christ spoke the truth about some things, but that He lied about other things like hell. He can’t be God and be a liar too.

Remember, since God is perfectly good and pure, it’s simply not possible for Him to live together with any kind of wrong or evil.

Other wise, He wouldn’t be God! Just like light and darkness cannot be in the same place together. But if we want God to leave us alone, He will. After all, He’s the One Who gave us our freedom to choose in the first place. He will never force us to love Him and live the way He created us to enjoy.

Je s u s s ai d t h at e ve n though our body dies, our

What is simply needed at the very least is our openness to the merits of Christ’s redemptive work by not putting obstacles to them or resisting his will and commandments. We may still commit errors, but if done in good faith, there is still hope.

Christ will repeat what he said just before he died: “Forgive them, Father, for they know not what they do.”

These celebrations on November 1 and 2 should expand our awareness that we belong to the family of God whose image and likeness we are and whose children we also are. As such, we are not meant to live in time alone, but also in eternity, not here on earth alone, but also in heaven.

We need to be more aware of our duty to seek sanctity in the middle of our earthly concerns. Even more, we need to be skilful in carrying it out.

This duty, in so many words, is combining our earthly concerns with our eternal goal.

To be sure, this duty is doable, and not a fantastic job that exists only in our dreams and intentions. God himself guarantees that it be practicable and attainable. It is his will and he has given us all the means to achieve it, including giving himself to us in Christ, in the

Holy Spirit, in the Church and the many instrumentalities the Church provides us.

There is nothing in our life that cannot be sanctifiable.

What matters is that we relate everything to God, whether it is something good, for which we ought to be thankful, or something bad, for which we have to be sorry.

Even our sins, if repented, can be a tremendous trigger for grace to be showered on us. We, of course, should try to avoid sin which is actually a matter of increasing our love for God and for others.

That’s because where there is true love, temptations and sin would find it hard to get into our mind and heart. We therefore have to learn to love with the love of God which is the true source of love. We have to try our best to keep it alive all the time.

But to be realistic, we know that given our human condition, even our best efforts at loving cannot keep us from not sinning. We always fail somewhere along the way, and end up having to say sorry. And so, let’s just be humble enough to make it a habit to make acts of contrition, atonement and reparation.

As to the reality of death,

HINTS

and

Traces

By Fr. Roy Cimagala

let’s not be afraid of it. Let’s remember that in the beginning, we were not meant to die. Death came as a consequence of sin.

But with Christ’s redemptive work, death now becomes a transition to our eternal life with God. Humanly speaking, it causes grief. But if seen from the point of view of our Christian faith, it is a great moment of joy, since it is our time of deliverance, our entry into true and lasting freedom.

The pains and suffering associated with death, in whatever form they take, are meant for our purification.

They are meant to unite us to the redemptive passion, death and resurrection of Christ.

We need to be more aware of this truth of our faith about death, so that we can more actively correspond to its divine, redemptive dynamics.

Are Europe’s Banks Save?

Member:

hink a minute…

T he re w as a man who thought he was going crazy, s o he went to the doctor for an expert opinion. The doctor examined the man and told him: “I have to agree with you. You’re crazy.” But the man got angry and said: “I want a second opinion!” So the doctor said, “OK, you’re ugly too.” Sometimes we don’t want to hear the facts.

A sur vey in America showed that 90% of Americans say they believe heaven is real, but only 25% of those same people say the y b elie ve hell is a real place. That’s like saying you believe there is light but no darkness, that there is right but no wrong. Common sense tells you that doesn’t make any sense! Just saying a place is not real doesn’t make it true. It’s like saying the North Pole is not real just because we don’t think so.

The fact is Jesus Christ talked about hell much more than he did heaven.

He said hell is a real place that’s full of the worst pain and endless suffering for everyone who rejects His good life by choosing to live their own way instead of the true way He created us to enjoy. Jesus repeatedly explained that the reason He came to give His innocent life was to pay the penalty

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Tw e n t y - f i v e E u r o p e a n banks have failed an indepth review of their balance sheets but most have already taken remedial action. Italian, Cypriot and Greek banks were found to have the biggest shortfalls.

Sigh ... !

Thirteen banks in the eurozone still do not have enough capital on hand to withstand another financial crisis, the European Central Bank (ECB) said Sunday as it announced the results of an unprecedented check into the financial health of 130 banks in the eurozone.

Another sigh!

The ECB said 25 banks had actually failed its twopart review as of Dec. 31 last year, but that 12 had reinforced their capital buffers since then.

The remaining 13 mu st c ome up w it h an additional 10 billion euros ($12.6 billion) to protect themselves against potential losses, and they have two weeks to submit a plan to the ECB on how they intend to do so.

Is another European financial crisis just around the corner?

T h e te s t prov i d e d a rosier-than-expected snapshot of the eurozone economy seven years a f t e r t h e C o n t i n e n t ’s sovereign debt crisis

crippled a number of countries’ economies and nearly plunged some into bankruptcy.

Are Europe’s banks safe?

Some countries fared better than others. The bi g ge st shor t f a l l s we re found in Italy, Cyprus and Greece, and the bank with the largest capital hole to fill was Italy’s Monte dei Pas ch i d i Si e na , w h i ch came up 2.11 billion euros short.

Of the 24 German lenders that were examined, only one - MünchenerHyp - did not meet all of the ECB’s requirements but has since rectified that.

There were also three Greek banks that missed the mark, plus three from Cypr us, two e ach f rom Belgium and Slovenia, and on e e a ch f rom Fr an c e, Au s t r i a , Ire l an d an d Portugal.

The ECB’s audit was meant to revive confidence in the strength of the bloc’s flagging economy before t he b an k t a ke s ove r as the euro currency bloc’s b an k i ng s up e r v i s or on Nov. 4.

The central bank hoped the assessment would help it fores ee any hidden problems in the system and preempt another financial meltdown in which national governments had to step in and bailout major banks.

It a l s o i n t e n d e d t o loosen the flow of credit to companies, especially small and medium-sized ones that turn to banks when they need money.

“The results guarantee t hat going for ward t he economic recover y will not be hampered by credit supply restrictions,” said ECB Vice President Vitor Constancio.

But one issue that remains is ensuring that t h e re i s a d e m a n d f or credit in the first place as the eurozone economy grinds to a virtual halt. The 18-member bloc showed no growth in the second quarter, after four quarters of only modest recovery.

“I consider the stress test as an important partial success, which will help r e d u c e u n c e r t a i n t y,” said Marcel Fratzscher, president of Germany’s DIW economic institute.

“However, important challenges remain unsolved. The stress test a lone w i l l not end the credit crunch for small and mid-sized companies in S outher n Europe,” Fratzscher added, underscoring dependence by many banks on cheap credit from the ECB. T h e t e s t s p ut m a ny banks in an uncomfortable situation when it revised the amount of their risky

s ou l wi l l live fore ver— e it h e r i n h e av e n or i n hell. S o it’s up to us to choose whether we want Jesus’ gift of forgiveness

and way of living, or our own way. Heaven or hell.

But you’re the only one w h o c an s e n d you r s e l f t o h e l l , b e c au s e G o d’s

already done ever ything He possibly can so you don’t go there. The choice an d r i s k i s y ou r s . Ju s t Think a Minute…

H ave M y Say

By Klaus Doring

l o ans f rom 1 3 6 bi l l i on euros to 879 billion euros.

This accounted for nearly half of the 25 billion euros banks were short of at the end of last year.

Par t one of t he test, the Asset-Quality Review, looked at the asset side of banks’ balance sheets a s of D e c . 3 1 , 2 0 1 3 . A p a s s i n g g r a d e m e ant a bank’s common equity Tier 1 capital equaled at least 8 percent of risk-weighted assets. For part two, the adverse stress test, that capital had to equal at least 5 percent.

The ECB staked a great deal on the audit, as two previous reviews of European banks cleared some institutions that later failed.

Another stress test carried out by the European Banking Authority (EBA) for European banks outside the eurozone revealed that no banks in Britain, Denmark, Sweden, Norway, Hungary or Poland had insufficient capital.

Who will be the next global economical crisis leader?

BusinessWeek MINDANAO

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friday|OCTOBER 31, 2014 Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region BRANCH 07 Tubod, Lanao del Norte

ANNA KRISTINE O. GALLA, Petitioner,

- versus –

ROMELL RAYMUNDO GALLA, Respondent. x - - - - - - - - - - - - - - - - - - - - - - /

CIVIL CASE NO. 07-767 - for – Declaration of Nullity of Void Marriage

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SUMMONS BY PUBLICATION TO:

ROMELL RAYMUNDO GALLA Block 7, Lot 27, Phase 3, Adelina Street, Biñan, Laguna

WHEREAS, on October 13, 2014, the Court issued an order granting the petitioner’s Motion to Issue Summons by Publication, the dispositive portion of which reads as follows:

“WHEREFORE, finding the motion to be well taken and in order, the Petitioner is directed to publish this petition in a newspaper of general circulation within three consecutive weeks.”

WHEREAS, Petition reads:

G R E E T I N G S!

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Comes now, PETITIONER, through the undersigned Counsel, unto this Honorable Court, most respectfully states: That Petitioner is of legal age, Filipino and a resident of Purok 4, Austin Heights, Kolambugan, Lanao del Norte. Proof of residency is heretofore attached as Annexes “C” to ‘C- 4; That Respondent is a seaman by profession, likewise of legal age, Filipino and with last known address at Block 7, Lot 27, phase 3, Adelina Street, Biῆan, Laguna where he can be served with summons and other processes of this Honorable Court; That petitioner and respondent were married on January 13, 1999 in the City of Makati solemnized before Judge CESAR D. SANTAMARIA of Metropolitan Trial Court – Branch 62. Proof of said union is a Marriage Certificate hereto attached as Annex “A” and the same forms as an integral part of this Petition; That petitioner and respondent bore one child after their marriage namely, ARON OPEÑA GALLA, who was born on October 21, 1999. His Certificate of Live Birth is hereto attached as Annexes “B” and it forms as an integral part of this present Petition; GROUND/S FOR THE PETITION That Petitioner met her husband sometime in 1997 while they were working in the same place at Mediterranean Restaurant, Malate, Manila. Respondent worked therein as chef while Petitioner as Pastry Assistant. Petitioner was Nineteen (19) years old at the time, fresh from school and so innocent while respondent was 25 years. It was the first time for Petitioner to be far from her family. The nature of work of Petitioner compelled her to go home late in the evening or during the wee hours of the morning. For security reasons, the workers of said restaurant would go home by groups. After duty, the workers would go out together to unwind by eating and drinking. With said kind of circumstances, petitioner and respondent’s relationship found an opportune time to bloom; That petitioner and respondent every after duty would go together with other workers until they became closed to each other. Later, they isolated themselves from the group. The outings became exclusive to petitioner and respondent. Until such time that it would be respondent alone who would dine out with petitioner and who would escort petitioner to her dwelling. Respondent appeared to be responsible and attentive to the needs of the Petitioner which in turn made the latter fall in love with the former. At that time, Petitioner also had the feeling that she was always safe with respondent because the latter appeared to have a strong character; That after two months of courtship, petitioner and respondent became lovers. When petitioner’s passion for respondent grew strong, the latter confessed to the former all his perfect imperfections. Respondent opened up about his previous relationships as well as the fact of raising at the time a child from his ex-girlfriend. According to respondent said child was abandoned by the mother. Respondent also opened up about his addiction to drugs but said he already stopped it right at the moment that petitioner and respondent became lovers. No matter how ominous the revelations were, at the time, the feelings of Petitioner were already of such degree as could disregard all the odds. So what petitioner did was to still accept respondent with an erroneous belief that love conquers all; That respondent as a boyfriend was extremely protective to the point that he warned petitioner not to mingle with her friends. If Petitioner could chance to bond with her friends, respondent would get furious and threatened petitioner that he would do drugs again. On Petitioner’s end, she felt obliged at the time to help respondent change. So she avoided things that could irate respondent or things that were disappointing for him; That people around at the time also observed and commented that petitioner isolated herself to her boyfriend. Petitioner was all by herself and away from her family. All she got back then was her boyfriend. She was with no one whom petitioner could turn to and asked for advice. Things went worst between petitioner and respondent and the former even thought of ending the relationship with respondent. However, petitioner was apprehensive of cutting the relationship. She feared that respondent might do harmful actions towards himself and to petitioner; That later on, there came a time that petitioner could no longer get out of the relationship anymore. Respondent impregnated her. Petitioner was eaten up by fear at the time.So she kept this predicament from her family especially her mother, who was so strict. Petitioner had no one at the time to share things with and so she was forced to stay at the house of respondent’s parents. The father of respondent was the one who was responsible in making petitioner married to respondent. The father strongly suggested that marriage must be had for petitioner was already pregnant.

Petitioner was besotted with varied predicaments, such as: the fear of being dejected because she was pregnant but unmarried, the shame of ridicule from the society and the fear of her family who might be incensed for what happened to her. With the kind of predicament that petitioner was in, she was left with no choice but to concede to the decision of the respondent’s father to get wed; That the marriage was celebrated without the knowledge of petitioner’s family. During said celebration, petitioner did not feel anything other than being coerced by circumstances. She did not feel excited nor considered said day as something especial. All that happened at the time were merely mechanical, signing before the judge and then the marriage was concluded. There was no ring, no reception or anything which could have made said day special or meaningful. Few months after the marriage, petitioner’s parents learned of what transpired. The discovery infuriated the father of petitioner.

But said infuriation could not anymore undo the absolutely erroneous decision made by petitioner; That prior to the marriage, respondent already displayed behaviors that were manipulative and anomalous. But petitioner ignored those signs. As what was correctly predicted by petitioner, the marriage was a disaster. Respondent lied about the fact that he quitted in the use of drugs. In fact, he would use almost all his salary to buy drugs .Respondent also shunned from his responsibility as the husband of Petitioner. Petitioner had seen respondent’s true colors, his real behavior and his true self when petitioner stayed at the house of respondent. Few were the moments wherein petitioner and respondent were in good terms. In most of the times, they were arguing and fighting. When petitioner’s pregnancy was fully blown, respondent would usually return home at wee hours of the morning or when the sun rose already. In these instances when respondent would be late, petitioner despite the pregnancy would look for and fetch respondent.

This is for the reason that petitioner was of the thought that her husband was her responsibility. She should not allow that her husband would be totally derailed by his drug addiction. At times respondent would have the temerity to hide himself from petitioner. Respondent would ask his friends to tell petitioner that he was not around and to shoo away his wife. Despite such treatment, petitioner still took good care of respondent and made all efforts to help respondent overcome his drug addiction and from his friends. Petitioner already made up her mind that when she married her life was already different and that she must help her husband; That when the child was born, respondent’s drug addiction lessened. he appeared to have acquired a better perspective in life. However, as his addiction was slowly averted, respondent develop anger issues. He became angry most of the time especially when he had no money. There were countless times wherein his loud voice would wake up petitioner, cursing and cussing, uttering words like “putanginamo!!”. His voice was so loud that it would usually alarm the neighbours.

He also broke things when he was angry. Petitioner could not understand the causes of this anger and could not fathom its roots. The whole time that the marriage existed, it was like petitioner was on tip-toe, afraid to anger respondent. He could make a mountain out of little mistakes that petitioner would commit; That six (6) months after the delivery of their baby, respondent was terminated from work for he turned out positive during the drug testing conducted by the company. The marriage went downhill. Petitioner was dependent on the financial help that her dad would give her in order to buy milk for the baby. The expenses for the christening was also shouldered by her dad for the reason that the money saved by petitioner for the christening was bet by respondent and he lost the game; That one time, petitioner’s mother was able to visit her in Manila and therein the mother discovered how hard the situation of the Petitioner was. Petitioner was emotionally drained and stressed and she could not look for a job because none would baby sit her child. Petitioner’s mother asked her to return to Mindanao so that petitioner would not have a problem with how to meet the family’s daily need, while my husband had no work yet. So petitioner and her baby returned to Mindanao while her husband was left in Manila to look for work. Petitioner’s life got slightly better when she was far with her husband. She was able to land on a job. However, from time to time petitioner was also worried for every time she will call respondent, he was not around. For two years respondent had no job and it was petitioner alone who was working until an opportunity came wherein respondent was able to work in a cruise ship as a cook; That Petitioner’s father helped respondent obtain his passport and other documents for him to be able to work overseas.

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By reason of the new work of respondent, petitioner and her baby returned to Manila few months before respondent sailed. When in Manila, petitioner discovered depressing stories. She was informed by respondent’s niece that petitioner’s husband and his ex-girlfriend had reconnected. The ex-girlfriend referred to by the niece was the one whom respondent had a baby with. At the time, said ex-girlfriend resided just across the street where petitioner and respondent lived. Said discovery depressed herein petitioner for the reason that those time that she was in Mindanao and her husband and the ex-girlfriend were living close to each other, it would be impossible that nothing happened between them physically, or sexually. Petitioner was also informed that other than reuniting with an ex-girlfriend, respondent was also involved with a relationship to one of his previous workers in Mediterranean Restaurant. Petitioner confronted respondent of those stories and to the great dismay of petitioner, respondent admitted the truthfulness of those affairs. Despite everything, Petitioner agreed to give respondent a chance and revived their relationship; That when respondent sailed off, petitioner decided to return to Mindanao for they had no place of their own as yet.

Moreover petitioner was not comfortable to stay at the place of respondent for the same was surrounded with addicts.

For ten (10) months, petitioner stayed with her mother and petitioner at the same was working in Cagayan de Oro City until respondent completed his contract. Unfortunately, when respondent returned, he did not go straight to petitioner and their baby. He rather stayed a little while at his place in Manila. He was not fond or excited of seeing his baby with whom he barely spent time. But he was instead excited to spend time with his friends and his own family. One time, respondent decided to establish a family home in Laguna and so he fetched petitioner and their baby in Mindanao and settled them in in Laguna where respondent rented a house. With the new place, they started to live together as a family and for the first time they were able to buy things of their own. Respondent also brought his child with his ex-girlfriend in their new place in Laguna. He asked petitioner to also take good care of said child to which petitioner did. Petitioner took good care the two children equally and treated them with the same affection. Petitioner and the other child of respondent had a smooth relationship for the latter considered petitioner as her step mother; That by and by, petitioner could feel that respondent was not fair in treating the two children. Obviously, respondent favoured more his daughter with his ex – girlfriend rather than his son with petitioner. Respondent created a wall between him and his daughter from his son and petitioner. The latter could see that respondent loved his daughter more than petitioner and her son. Such actuations impressed upon petitioner the feeling of being less and unimportant. And she was hurt deeply for her son. By these reasons, the marriage went further south and flatlined; That around this time, petitioner learned that respondent helped his ex-girlfriend to work in the company where respondent was working and the same was duly supported by petitioner’s parents-in-law. Said fact was hidden to her by respondent’s family. Petitioner did not expect it for respondent’s family appeared nice to her. During family gathering, her parents-in-law were so caring and accommodating. But then petitioner would find out that they were involved and even supported the actions of respondent in taking good care of the ex-girlfriend. Petitioner felt gravely betrayed and this created another big fight between the parties in the instant case. However, petitioner despite of being so fed up stayed in the marriage for respondent profusely asked her forgiveness; That petitioner was led to believe that when they became financially stable, respondent would turn out to be a good husband as well as a better person. Petitioner thought that respondents anger issues would be gone but as it turned out, things and marriage had gotten worst. While in bed and sleeping, petitioner was fearful of moving and lie flat and still because if respondent would be awaken, he would blow his top and curse herein petitioner. She was subjected to verbal abuses until there came a time that petitioner felt so low of herself already.

That another peculiar incident also happen which almost made petitioner to commit suicide. Their three year old son was nabbed by respondent by the collar at the heat of anger. It was then that petitioner realized that there was something wrong in respondent and if she would stay in the marriage she might become unwell and insane. Petitioner improves as a person without respondent. Petitioner is comfortable without respondent. Petitioner feels more human without respondent. And petitioner could truly live if away from the respondent; That sometime in September 2004, Petitioner together with her son returned to Mindanao and lived with her mother. From then on, she never heard any more from respondent. The latter also did not make an effort of connecting or reuniting again with Petitioner. The latter also was traumatized with the marriage and did not run after respondent for financial support or anything. As of the moment, she was not yet fully recovered with how her marriage turned out; That from the beginning of the marriage, respondent failed to fulfill his obligations as a husband to petitioner. Respondent is absolutely incapable of loving and respecting herein petitioner. Respondent is incapable of observing fidelity by reason of lack of respect and love to petitioner. He also barely helped petitioner in taking good care the marriage and the family under it. He does not even support petitioner be it financially, morally and psychologically. All he did was to scowl at and scathe on the person of the petitioner; That the existing relationship is destructive as the same is blighted with deep-seated and unprocessed emotions. The marriage goes down the craggy hill and beyond salvage. The marriage could not cure the disorder of respondent. Instead it can worsen said mental illness. The parties need to deal with their imperfections apart from each other for the marriage, if remain unsevered, will only destroy the parties and engulf them with untold misery. Petitioner now is exhausted and downtrodden. Too lost to be reverberated by her dream, too distraught to wait for another year, too exhausted to put up a fight, too oppressed and beyond healing. Petitioner’s ill fate caused by her feckless husband can be compensated only by the severance of her union with respondent. She is already too sick already to face another day sharing one roof with respondent. Every day in the marriage is now a torment for petitioner. It is of no use and more of a punishment if the law will coerce them to stay together and serve the sentence of marriage. If the bond of marriage persists, then petitioner and respondent will end up destroying each other, sucking each other until dried up of their remaining hope of becoming better and useful persons to the society; That through all these years, it was petitioner who suffered the most. Unable to bear respondent’s downright incapacity or inability to take cognizance of and to assume the basic marital obligations. Petitioner fought back to regain their marriage but all were just futile as respondent always prioritized what he wanted even at the expense of the marriage.

Even as he was growing physically, he has remained immature---- morally and psychologically; That based on these facts, petitioner maintains that these manifestations of psychological immaturity existed on the part of respondent, even before they got married. Respondent brought them into the marriage. The marriage of the parties for more than 10 years now did not show the essence of the real meaning of consortium, as shown in the attitude of respondent by maltreating petitioner. Accordingly, he failed to observe mutual love, respect, and tender support to petitioner being a wife, as required of him by law when he entered into the marriage contract with petitioner; That from the time of their marriage until today, it negated a semblance, not even an iota, of true consummation and adherence to the vows and obligations between petitioner and respondent. In the same manner, respect for each other’s feelings was not there even prior to marriage. They just jumped into it by reason of sudden pregnancy. They had been insensitive even prior to the marriage to the real essence of marriage as well as its accompanying obligations. The affection they thought that they had the first time they met was never there actually; That Respondent never treated nor looked upon petitioner as a wife, and this treatment is permanent. But all the agonies, mental misfortunes and sufferings of Petitioner during her union with respondent cannot be scribbled in this petition, and it appears that the continuance of their relationship is an utter exercise of futility; That Article 36 of the Family Code governs psychological incapacity as aground for declaration of nullity of marriage. It provides that “[a] marriage contracted by any party who, at the time of the celebration, was psychologically incapacitated to comply with the essential marital obligations of marriage, shall likewise be void even if such incapacity becomes manifest only after its solemnization.” By virtue of this provision, the petitioner humbly posits that she is entitled to this remedy. The circumstances elucidated above shows facts of psychological disorder suffered by herein respondent. The sufferings endured by petitioner were caused by the psychological incapacity of respondent to fulfil the marital obligations and the same is of such incurable gravity, traceable from his upbringing, and incredibly serious that to force petitioner to stay in the marriage would be to do away her sanity; That in totality, since at the start of their marriage, Respondent failed to fulfill his marital obligations to petitioner by observing mutual love, respect, fidelity, rendering mutual support and/or providing support, advice, counsel, companionship and understanding with petitioner, including moral and spiritual guidance. These failures was due to the fact that respondent is somehow suffering rooted psychological incapacity; That given the gravity of the present case there is now the urgent necessity to have the marriage between parties declared null and void; That Petitioner will prove all foregoing circumstances and related events of her unfortunate episode in her marital life to establish conclusively the psychological incapacity of Respondent when the instant case is tried; That there are no real properties involved in this petition; That both Petitioner and Respondent have closed all possible avenues for the reconciliation and preservation of their marriage, and the root cause of Respondent’s psychological incapacity could be traced to his upbringing in life.

PRAYER

WHEREFORE, premises considered, it is respectfully prayed that after due notice and hearing, this Honorable Court shall issue an order declaring respondent as psychologically incapacitated to perform his marital obligations with Petitioner and thus their marriage be declared an absolute nullity. Other reliefs, just and equitable under the circumstances are likewise prayed for.

This 27th day of June, 2014, at Tubod, Lanao del Norte, Philippines.

ATTY. JONATHAN M. PUNO Counsel for the Petitioner PTR NO. 1575748 – 2/03/2012

IBP NO. 871349 – 1/04/2012

Roll No. 48031

MCLE Cert. of Compliance No. III-0020162 Dated February 23, 2011”

NOW THEREFORE, the above-mentioned Respondent is hereby summoned and required to file with the Clerk of Court, Regional Trial Court, Branch 07, Tubod, Lanao del Norte, Philippines, his ANSWER to the above-quoted petition within sixty (60) days from publication of the summons and to serve copy of the said answer upon petitioner’s counsel at his given address indicated in the petition. Respondent is further reminded of the provision in the IBP-OCA Memorandum on Policy Guidelines dated March 12, 2002 to observe restraint in filing a Motion to Dismiss and instead allege the grounds thereof as defenses in the Answer.

Tubod, Lanao del Norte, October 21, 2014.

ATTY. MARIA PTV ZALSOS-UYCHIAT, CPA Clerk of Court VI

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Liceo U VP joins German PASCH Conference in Singapore Dr. T. Tumapon addressing the 2012 PASCH audience composed of Directors and Principals of PASCH schools from thirteen countries which include India, Sri Lanka and Afghanistan, New Zealand and Australia and nine countries of Southeast Asia. The subject of her talk was distinguishing features of schools from thirteen countries which include India, Sri Lanka and Afghanistan, New Zealand and Liceo de Cagayan University as one of few schools in the country granted autonomy by the Philippine Commission on Higher Education.

L

iceo’s VP for External Relations and Internationalization and immediate past Dean, School of Graduate Studies Dr. Teresita T. Tumapon was invited to participate in the 3 rd PASCH conference for the 127 FIT schools from 15 countries. This was held at the RELC International Hotel in Singapore last October 16 to 19, 2013.

Last year, in the second FIT PASCH Conference held in Bangkok, she was invited and was one of seven symposium speakers where she talked about Liceo de Cagayan University and its “fitness” to be one of the 1,500 world-wide network of schools all over the world. Likewise, in the first FIT PASCH conference also held in Bangkok in January 2012, she was also invited to address the PASCH Schools directors and principals from thirteen countries about why and how Liceo de Cagayan University chose German language for the FOLA elective of Technology and Livelihood Education.

The teaching of Ger-

man in Liceo U from Grades 9 and 10 was initiated by Dr. Tumapon in response to DepEd’s Order integrating the teaching of a foreign language in Technology and Livelihood Education (TLE).

As the then of Dean of Graduate Studies and VP for Academics, and having been twice a fellow of the German Academic Exchange for postgraduate studies in Germany and observing the increasing academic and career opportunities for students with knowledge of German, she made German as an elective course in graduate and undergraduate programs.

To date, Liceo de Cagayan University is

the only Philippine private school in the country integrating German language in Grades 9 & 10. The other school is an international school --- the German-European School in Parañaque, MetroManila, particularly the European Section headed by a British national, Mr. Nicolas Sean Lea. The third FIT PASCH school in the Philippines is a public high school --- the New Era High School headed by its principal, Mr. Joseph Palisoc. Three other public high schools piloting the German language in TLE but are not PASCH schools are the public high schools in Bangkal, Novaliches and

in Rizal.

Last year, Goethe Institut sponsored an intensive language course in

Goethe Institut in Bonn Germany for two of its teachers while this year, one of Liceo’s teachers

will likewise be sponsored for an intensive language course in Germany.

The 2012 Philippine Contingent in the 4th PASCH Schools conference held in Bangkok consisting of the officials of the Goethe Institut Philippinen, the principals of 9 public high schools piloting the German language, several officials of the Department of Education and of the Commission of Higher Education, and Dr. T. T. Tumapon of Liceo de Cagayan University

With Principals of PASCH schools in Sri Lanka and Calcutta, PASCH 2012

Dr. T. Tumapon, one of six symposium speakers from various SEA, South Asia, and New Zealand and Australia in PASCH 2013.

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University to launch region-wide environmental campaign CAGAYAN DE ORO CITY -- Stewardship for Mother Nature requires a multi-sectoral cooperation, thereby Xavier University frontlines an environmental movement designed to propel communities to engage in a sustainable mechanism ensuring the recuperation of our forest resources in northern Mindanao.

XU sets to launch the region-wide environmental platform dubbed as Valuing Ecosystem Services Together (VEST) on November 4-7 at the Activity Center of Centrio Mall.

"The grand launch is only the tip of the iceberg,” said Evans I Yonson, a Development Communication professor and head of the social marketing team.

“Our main objective is to reach everyone in Cagayan de Oro City that they become our partners, our VESTfriends.”

VEST is grounded upon the philosophy that what happens at the top trickles down to the lowlands. Evidently, during the lash of Typhoon Sendong in December 2011, most water which came down and ravaged CDO originated from the headwater tributaries in Bukidnon.

However, the highlands of Bukidnon have been facing environmental decay over the years due to illegal logging, hunting of endangered species and socio-economic pressures which resulted to low water infiltration capacity for our watersheds.

“This rehabilitation will provide the ecological service of preventing further flooding in the city that is why it is important that we bring in the communities from the downstream and upland to this landscape restoration,” said Dr Hilly Ann Roa-Quiaoit, XU vice-president for Research and Social Outreach (RSO), the office spearheading this green project under the McKeough Marine Center (MMC).

VEST targets five sectors to take part in this ecological undertaking, namely, the corporations, cooperatives, the academe, religious groups and the households.

“We wanted the cooperatives to join us because they have a budget which they call as the Community Development Fund (CDF) that they can allocate for the rehabilitation of the environment. We have also targeted the religious groups because this is a spiritual engagement in a way… to reconcile with God’s creation,” Dr Quiaoit said.

The households in northern Mindanao are also encouraged to join the movement because they are “the primary beneficiaries of these rehabilitation efforts.”

Dr. Quiaoit added, “We have also targeted schools because we wanted to promote the awareness of the interconnectivity of the whole landscape, and lastly, we have targeted the corporations because they have this corporate social responsibility and we hope that they will support our cause.”

Ecological Services (PES), a “payment scheme” designed to protect our forest in the highlands of Mindanao so that when it rains, the water will not be devastating by the time it reaches urbanized areas.

In NorMin, the project is piloted within the ancestral domain of the Miarayon-Lapok-Lirongan-Tinaytayan Tribal Association (MILALITTRA), one of the 12 lumad communities in the protected area of Talakag, Bukidnon where Mt Kalatungan imposes.

The 5-year community development master plan of MILALITTRA aims to reforest 832 hectares, while 816 hectares will be allotted for agroforestry.

The mountain is among the 18 protected areas to be provided with PES technical and management assistance by both the public and private sectors to achieve balanced

Rolando Pagara of Pawikan Conservation in Magsaysay town, Misamis Oriental releases 112 Hawksbill turtles along the coastline of barangay Candiis on October 25, 2014. MindaNews photo by Erwin Mascarinas

The VEST activities Part of this green endeavor is to mainstream the principles of VEST. With this idea, the XU core team has organized a slew of activities to raise awareness and encourage Kagay-anons to participate in the fund drive to reforest Mt Kalatungan and reward the efforts of the indigenous people community as the forest managers.

“In this project, we have lined up several activities until March 2015. We want a paradigm shift to a responsible and environment-conscious citizenry," Yonson said.

Social media interventions were also used by the core team to reach wider audience especially the youth.

A photo exhibit will kick off the grand launch on Nov 4. The exhibit showcases stills and stories of the connection between the giants of Bukidnon and the CDO river basin as well as the environmental efforts of the people of northern Mindanao.

Leaders of various sectors are going to speak during the opening ceremony to express their support and stance on various environmental issues we are dealing at the present.

High school and college students will also compete in an essay writing contest with the theme “Sustainable synergy sparks from valuing ecosystem services together” also on November 4 and in a poster making contest on Nov 5.

On November 6, a trivia night dubbed as “50 Shades of Green” will draw together 50 teams (composed of three members per team) from CDO to test their mental acumen on how well they know the facts and tales about the environment.

Lastly, the grand launch culminates with a concert on November 7 featuring “lively and inspiring performances from various local artists, stirring the audience to step up and do their share in VEST.” Balancing economic growth and eco-preservation VEST is the offshoot campaign of the Payment for

and inclusive growth.

“We can balance economic growth and environmental protection by operationalizing sustainability in any development. The principles of sustainable development can guide us in achieving this balance,” said Anne B Mejares, technical officer of the project.

The guiding principles of sustainable development which Mejares enumerated were the integration of environmental and economic decisions, the shared responsibility and understanding, and ecological conservation, among others.

“Let us always remember that economic development must go hand in hand with environmental protection.

It is interdependent and indivisible; you can’t have one without the other,” Mejares added. (Stephen J Pedroza, Xavier University Communications Office)

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao del Norte

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao del Norte

NOTICE OF EXTRA - JUDICIAL SALE EJF No. 183-07-2014

Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended , filed by the 1st VALLEY BANK, A DEVELOPMENT BANK, Baroy, Lanao del Norte against ANTONINO V. MIRAFUENTES, Maranding lala, Lanao Norte , to satisfy the indebtedness which as of July 8, 2014 amounting to ONE MILLION PESOS ( Php 1,000,000.00) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at Public Auction on 4th day of December 2014 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07,Poblacion,Tubod,Lanao del Norte, to the highest bidder for cash or manager’s clerk and in Philippine Currency, the following property with all its improvements, to wit:

NOTICE OF EXTRA - JUDICIAL SALE EJF No.: 183-07-2014

Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended, filed by the 1st VALLEY BANK, A DEVELOPMENT BANK, Baroy, Lanao del Norte against ELSA C. GUMAPAC, Pinuyak, Lala, Lanao del Norte , to satisfy the indebtedness which as of July 8, 2014 amounting to ONE MILLION FIVE HUNDRED THOUSAND ( Php 1,500,000.00) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at Public Auction on 4th day of December 2014 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07,Poblacion,Tubod,Lanao del Norte, to the highest bidder for cash or manager’s clerk and in Philippine Currency, the following property with all its improvements, to wit:

LIST OF MORTGAGED PROPERTIES Lot 3-C-3, Psd-12-012324

A parcel of land (Lot 3-C-3 of the subdivision plan Psd-12012324, being a portion of the Lot 3-C, Psd-12-004242, situated in the Barrio of Maranding, Municipalityof Lala, province of Lanao del Norte, Island of Mindanao with an area of 230 square meter more or less. Bounded on the W., along line 1-2 by Lot 7 (LRC) Pcs-23715 (Road); on the N., along line 2-3 by lot -3-C-2 of the subdivision plan; on the E., along line3-4 by Lot 7-P-9, Psd-12-003206 (road) and on the S., along line 4-1 by Lot 2-C-4 of the subdivision plan.

Beginning at a point marked “I” on the plan (over) together with all the improvements with found thereon. Registered the name of Spouses Antonino, Mira Fuentes and Carolina Cenas.

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

Tubod, Lanao del Norte, Philippines, this October 7, 2014.

For the Clerk of Court and Ex-Officio Sheriff

(Sgd.) CONRADO V. HINGCO, JR. Sheriff IV

BWM: Oct 24, 31 & Nov 7, 2014

LIST OF MORTGAGED PROPERTIES Lot 22-B-9-H, PSD – 10-062882

A parcel of land Lot 22-B-9-H, of the subdivision plan PSD-10062882, being a portion of Lot 22-B-9, PSD-10-060959, situated in the Barrio of Maranding, Municipality of Lala, province of Lanao del Norte, Island of Mindanao with an area of 847 square meter more or less. Bounded on the W., along line 1-2-3 by Lot 22-B-7, PSD-10-060959; on the N., along line 3-4 (over) together with all the improvements with found thereon. Registered in the name ELSA C. GUMAPAC in the Register of Deeds of Lanao del Norte under TCT No. 28391.

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

Tubod, Lanao del Norte, Philippines, this October 7, 2014.

For the Clerk of Court and Ex-Officio Sheriff

(Sgd.) CONRADO V. HINGCO, JR. Sheriff IV

BWM: Oct 24, 31 & Nov 7, 2014

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FRIday|OCTOBER 31, 2014

Richard Yap: Careful with his family’s future Actor/singer Richard Yap is very careful when it comes to securing his family’s future.

He carefully selects the savings and investment vehicles where he puts his hard-earned money.

“The future is uncertain,” said Richard, a father of two children. “You need to grow your savings and invest to maximize your money’s earnings.”

He stressed that there is no better time than today to plan for the future, so that Filipinos not only save more but also ensure that they can build up their savings to provide for their loved ones’ needs.

For his financial planning, Richard cited Manulife Philippines as a partner to help him invest and secure his family’s future. He has been a long-standing client before showbiz beckoned over two years ago.

Off-cam, Richard is an astute businessman. He co-owns a pet grooming and wellness salon in Paranaque City. He and his associates own a Chinese restaurant in Quezon City and are planning to add a new

Jobs... from page 2

Oration -- Dicel Lyn D. Aboga-a, 1st place, Coach Emie E. Valesco, Misamis Occidental Science & Technology High School (MOSTHS), Edden Gay S. Richa, 2nd place, Coach Evangeline R. Maghinay, Talairon NHS and Maria Lorabelle S. Cagas, 3rd place, Coach Loreto D. Cabural, MOSTHS and Best COOP Oration Writer, Emie E. Valesco, also of MOSTHS. Extemporaneous Speech -- Rochie S. Butron, 1st place, Coach Almera R. Enomar, MOSTHS, Kenjie C. Balucan, 2nd place , Coach Lovemae B. Bandala, MU and AC Agot Dagohoy, 3rd place, Coach Christine Luz Boniao, MONHS. On-the-spot Poster-Making -- Nathaniel V. Arevalo, 1st place, Coach Noranna Mariz V. Arevalo, Talairon NHS, George T. Palisbo, 2nd plaze, Coach David Rey M. Catane, MOSTHS, and Gay S. Richa, 3rd place, Coach Evangeline

Robert Dy of Buffalo Events

branch soon. Besides this, Richard is preparing to open a showroom for engineered and hardwood flooring and wooden products for residential and commercial needs. He is hoping to accomplish these goals before the year ends.

As a loyal Manulife Philippines policyholder for two decades now, the multifaceted Richard Yap disclosed that he is very satisfied with his financial services provider of choice.

“Through the years, the Manulife advisers I have dealt with are professional and accommodating. My insurance adviser has been highly knowledgeable about the policies I have with Manulife,” Richard said. “It is important to me that my insurance adviser can effectively explain how I can make my investments grow. It also helps that my insurance adviser is very accessible, so she can help make things easy and convenient for me in dealing with Manulife.”

R. Maghinay, Talairon NHS. A Cooperative Livelihood Development Division (CLDD) Special Award for the Most Number of Facebook Likes also went to Melvin Bolaron of MU, who received a certificate and cash.

Also held was the Mass, followed by a motorcade/ parade around the main thoroughfares of the city, Search for Miss Coop 2014, “Ko-op” Got Talent Year, parlor games and indoor raffle draw, Artigas said.

BDO... from page 5

Governance. China Banking Corporation was cited as one of among Asia’s Outstanding Companies on Corporate Governance.

Ms. Sy-Coson said, “We would like to thank Corporate Governance Asia for these awards and for acknowledging the many initiatives we have taken over the years to further

strengthen corporate governance across the SM group of companies. While good corporate governance is deeply engrained in the SM culture, we are committed to continue improving our standards because we believe that it can only serve to ensure long-term sustainability of all our businesses.”

The awarding ceremony was held on October 24, 2014 at the Renaissance Harbour View Hotel in Hong Kong.

C G As i a i s t h e m o s t aut hor it at ive j our na l on Corporate Governance in the region. Published quarterly, it provides news and analysis on corporate governance issues, boardroom practices and shareholder activism since seeing print in 2002.

CG Asia is read by 9,000 executives from Asia’s major public companies, regulators, institutional investors, f und managers, law yers, a c c ou nt ant s , a c a d e m i c s , government financial institutions.

MNLF... from page 2

of the Philippines (AFP) done in the province in the implementation of the IPSPBayanihan (Internal Peace and Security Plan).

The Bantay Kalilintad coordinates with the 2nd Mechanized Infantry Brigade as to security issues and concerns and to different national line agencies that provide assistance to the local government units in the province and in the municipalities concerned.

Nixon Baban, Former Chaiman of the Boy Scout of the Philippines - Cagayan de Oro City Council

The Organizers & Media Partners of the PBA AllFilipino Cup game between Globalport Batang Pier & Alaska Aces held a press conference, October 28 for their scheduled game next month, November 22 at XU gym in Cagayan de Oro City.

The organizers promise that this event will be smooth flowing compared the last time. Proceeds will go to Boy Scout of the Philippines - Cagayan de Oro City Council. Photos by Glenn Palacio

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FRIday|OCTOBER 31, 2014

ALSONS... from page 1

“The first 105-MW section of the SEC (Sarangani Energy Corporation) plant is currently under construction and is already 76-percent complete,” the company said.

The next phase for the project, it was noted, will be “the process of commissioning in May of 2015 and will commence operations

by October, 2015.”

The Sarangani plant will be among the medium-term supply solutions for Mindanao grid. It was conceptualized at a time when consumers in the area were still struggling to understand why a technology diversification must be pursued in the grid.

Past its coal plant developments, the Alcantara group noted that it would tread next on renewable energy projects, primarily for its planned run-of-river hydropower facility – also in Mindanao grid.

“The first of these projects is a 16-MW hydroelectric facility at the Siguil River in Maasin, Sarangani,” the company said, adding that “the Siguil project is currently in the advanced stages of development and is expected to commence construction in 2015.”

FLOWERS.. from page 1

Wednesday. She said other flower shipments from Cotabato, Bukidnon, Misamis Oriental and Lanao del

Norte will also start arriving today.

“The flowers will be delivered by container vans, trucks and jeeps. Expect this street will be filled with vendors selling flowers tomorrow afternoon,” Buay added.

Another flower vendor, Herminia Sarita, said vendors like her are expecting a three-day fiesta selling flowers for the dead starting on Thursday until Saturday, a day before All Souls’ Day. “This is our most awaited part of the year. This is the time we can make big profits,” Sarita said.

Lt. Guillermo St. near Cogon public market is Cagayan de Oro’s little flower district. Everyday vendors like Sarita and Buay sell flowers to the adventurous buyers who come here to buy at cheaper prices, as compared to buyers who prefer the upscale flower shops.

Sarita, who did not return to her work in Singapore preferring to sell flowers, has a small stall in front of a department store in Lt. Guillermo St. She said she is selling the colorful Malaysian Mums – grown from Dahilayan, Manolo Fortich in Bukidnon – for P160 a bundle of 10 pieces. Her Anthurium flowers that are also grown in Dahilayan sell between P100 to P150 a dozen.

“Expect these prices to go up during the threeday fiesta as buyers start to come here,” Sarita said.

A little farther away,

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City OFFICE OF THE CLERK OF COURT AND EX-OFFICIO SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF File No. 2014 - 233

“Upon extrajudicial petition for sale under Act No. 3135 as amended filed by Act No. 4118, filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG), against ADELAIDA B. SUMILLANO single of Saint Nicolas St., Kauswagan, Cagayan de Oro City to satisfy the mortgage indebtedness which as of August, 14, 2014 amounts to THREE HUNDRED TWENTY EIGHT THOUSAND SIX HUNDRED TWENTY PESOS AND 41/100 ( PHP. 328,640.41), including interest and penalty, charges , attorney’s fees and expenses of foreclosure, the undersigned will sell at public auction on November 21, 2014, at 10:00 A.M. to 4:00 P.M. AT THE REGIONAL TRIAL COURT, OFFICE OF THE CLERK OF COURT, HALL OF JUSTICE, Hayes- Mortola Streets, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency ,the following property described below including all existing improvements found thereon, to wit: “TCT NO. T - 27603” A parcel of land ( Lot 13, Block 46, Psd – 10 – 020903, being a portion of Lot 5237, Cad – 237, Cagayan Cadastre) situated in the Barrio of Barra, Municipality of Opol, Province of Misamis Oriental, Island of Mindanao, Containing an area of One Hundred (100) Square Meters more or less and registered in the name of Adelaida B. Sumillano

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

In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon, if any there be.

Cagayan de Oro City, October 7, 2014.

(Sgd.) AL PONCIANO R. DATU

Sheriff IV BWM: Oct 31, Nov. 7 & 14,2014

Buay sells red roses grown from Claveria, Misamis Oriental; red torts and orange Gladiola flowers.

Buay said she expects the prices to go up by as much as 30 percent even if suppliers try to fill the demand.

“We cannot just raise our prices because we know there is an ongoing economic crisis. Buyers are stingy of the prices,” she said.

Buay said they felt the economic slowdown after Tropical Sendong struck Cagayan de Oro December 2011.

“After Sendong we knew we are in a crisis when people became picky of the prices. The situation has not recovered since,” Buay said.

AIR ASIA.. from page 1

future because of the incentives offered by the government,” Joy Cañeba, AirAsia Zest chief executive officer, said on Oct. 24 during the launch of the airline’s newest routes from Cebu to the cities of Davao in southern Mindanao and Cagayan de Oro in the north of the island.

Arturo P. Boncato, assistant secretary of the Department of Tourism, said the government is encouraging private sector investments that will improve the connectivity of the EAGA member countries through discounts on landing fees.

Ms. Cañeba also said the

airline is considering making the Francisco Bangoy International Airport in Davao the airline’s hub with the planned EAGA expansion.

“We are looking at an 80% load factor,” she said, referring to possible flights between Davao and the rest of the subregion, particularly Kota Kinabalu in Malaysia.

The company is also evaluating Davao-Kalibo, the Aklan gateway to the island destination of Boracay.

Mr. Boncato assured the airline executives of government assistance in ensuring that the planned services will be sustained.

“We can discuss the steps that we need to take so that the traffic becomes sustainable,” he said.

On the two new twicedaily domestic routes, Ms. Cañeba said: “When you talk of traffic, it’s crazy not to be in Cebu. It’s also the same case with Davao.”

Flights to the new destinations will commence on Dec. 12 but the airline started promotional ticket sales last week.

The Cebu-Davao flights give Davao passengers the potential to connect to Singapore when the airline’s CebuSingapore service launches in February.

“AirAsia is committed in connecting communities in the Philippines, in the region and beyond… This is just the start since we are cautious about opening new routes but we certainly do have plans,” Ms. Cañeba said.

AirAsia used to operate Manila-Davao flights but dis-

continued the service “as it was not feasible during that time,” according to the AirAsia official.

“We were not able to provide the service we would have wanted to provide to our customers in the said route so we closed it down, but we are now ready to do that and see this as a sustainable route now,” said Ms. Cañeba, adding that the merger process between AirAsia and Zest Air at that time affected operations.

The two companies announced their merger in March 2013, with AirAsia headed by Malaysia’s Tony Fernandes acquiring 49% of Zest.

AirAsia also used to operate Kalibo-Shanghai flights but pulled out due to low passenger traffic following a travel warning by the Chinese Embassy on the Philippines.

Aside from domestic routes, AirAsia currently has international flights to Incheon and Seoul in South Korea, and Kuala Lumpur and Kota Kinabalu in Malaysia.

Publication Notice R.A. 10172

EXTRA-JUDICIAL SETTLEMENT WITH SALE Notice is hereby given that the intestate estate of the late MARCIANA B. ANAMPA ( hereafter Decedent), died on January 10, 2007 at Cagayan de Oro City, Philippines; WHEREAS, the DECEDENT, died without any will and testament; WHEREAS, the sole surviving heirs of the decedents are as follows: JUAN G. ANAMPA, EMELDA ANAMPA-BALANSE, TANIARI ANAMPA, SUSAN ANAMPA-LABAON, CARMENCITA ANAMPA-SINDANG, GANZON B. ANAMPA, all being surviving spouse/legitimate children and siblings of the DECEDENTS, respectively [ hereafter “HEIRS”]; Left a parcel of land ( LOT 3217) KATIBAYAN NG ORIGINAL NA TITULO BLG., P-22196 “ A parcel of land, lot No. 3217, Cad -63-D, Talakag, Bukidnon, situated in the Barrio of Indulang, Municipality of Talakag, Province of Bukidnon, Island of Mindanao.” Containing an area of FORTY FOUR THOUSAND FIFTY (44,050) SQUARE METERS, all points referred to are marked on the ground by G.S. Coc. Mons. 15x40 cms. Bearing Grid; Date of Survey September 21, 1979, executed by W. Lanzaderas, Geodetic Engineer and was approved on Novemebr 15, 1980. This lot is covered by F.P.A. No. 101320-154 , is the subject of EXTRA-JUDICIAL SETTLEMENT WITH SALE under the notary public of Atty. EDDIE C. CUARESMA, As per Doc. No. 443;Page No.56;Book No. VII; Series of 2014.

BWM: Oct. 31, Nov. 7 & 14, 2014

Republic of the Philippines Province of Misamis Oriental Municipality of Initao -oOoNOTICE TO THE PUBLIC

CFN- 0004-2014

Date : October 14, 2014

In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A. 10172), Notice is hereby served to the public that MARY ARMIE MENCHIE N. LUNA has filed with this Office, a petition for change of first name from “MENCHE ARMI” to “MARY ARMIE MENCHIE” and correction of entry in sex from “____” to “___” or correction of entry in the date of birth from “ “ to “ “ in the certificate of live birth of MENCHE ARMI C. NERI at Initao, Misamis Oriental and whose parents are POMPEO V. NERI and AURORA P. CLARIN.

Any person adversely affected by said petition may file his written opposition with this Office not later than November 7, 2014.

(Sgd.) ISAIAS A. JARALES

Municipal Civil Registrar BWM: Oct. 24 & 31,2014

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 41 Cagayan de Oro City

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City

PETITION FOR EXTRA JUDICIAL EJF NO. 2014-229 FORECLOSURE OF REAL ESTATE MORTGAGE UNDER4 ACT 3135 AS AMENDED BY ACT 4118 FOR: HOME DEVELOPMENT MUTUAL FUND (Pag-Ibig), Petitioner, EXTRA-JUDICIAL FORECLOSURE

REAL ESTATE MORTGAGE ARTHUR A. TABARANZA, Respondent. x-----------------------------------------/

OFFICE OF THE PROVINCIAL SHERIFF

NOTICE OF EXTRA-JUDICIAL SALE

Upon extra-judicial petition for sale under Act No. 3135/4118 filed

by HOME DEVELOPMENT MUTUAL FUND( Pag-Ibig ) ,against ARTHUR A. TABARANZA married to YOLANDA P. TABARANZA, both of legal age, Filipino citizens with postal address at SANTAN ST., PHASE 111, REGENCY PLAIN SUBD., IPONAN, CAGAYAN DE ORO CITY, to satisfy the mortgage indebtedness which as of August 14, 2014 amounts to TWO HUNDRED SIXTY-ONE THOUSAND FOUR HUNDRED SIXTY PESOS & 53/100 (P 261,460.53), Philippine Currency, inclusive of interest, penalties, charges, attorney’s fees and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on December 1, 2014,at 10:00 A.M. at the main entrance of this Court, Regional Trial Court, Branch 41, Capitol Compound, A. Luna St., Cagayan de Oro City, to the highest bidder for cash or manager’s check and in Philippine Currency, the following personal properties, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-157451

A PARCEL OF LAND Lot 19, Block 27, of the Cons. Subd. Plan, Pcs-10-001788, being a portion ofLot 3637, Cad-237, Cagayan Cadastre & Lot 363D, Psd-10-009550). Situated in the barangay of Iponan, City of Cagayan de Oro, Island of Mindanao, Containing an area of FIFTY SEVEN (57). Sq. m. more or less. And all improvement existing and to be constructed/erected thereon.

All sealed bids must be submitted to the undersigned on the abovestated date, time and place.

In the event the public auction should not take place on the said date for whatever reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective buyers may investigate for themselves the property herein- above described and encumbrances thereon, if any there be.

Cagayan de Oro City, October 1, 2014.

(Sgd.) ALDEN V. SAMBAAN

Sheriff IV

BWM: October 17, 24 & 31,2014

11

NOTICE OF EXTRA-JUDICIAL SALE EJF File No. 2014-254

Upon extra-judicial petition for sale under Act No. 3135 as amended

by Act No. 4118 filed by PAG-IBIG FUND with branch Office at Pag-ibig Fund Bldg., J.R. Borja St., Cagayan de Oro City against JOSE MARTIAL B. TUAZON IV married to SUSAN V. TUAZON, with postal address at Quedan & Rural Credit, Guarantee Corp., T. Neri St., Cagayan de Oro City, Misamis Oriental, Region X to satisfy the mortgage indebtedness which as of September 8, 2014 amounts to FOUR HUNDRED SEVENTEEN THOUSAND THREE HUNDRED SIXTY THREE & 06/100 PESOS (P 417,363,06), inclusive of interests, and penalty charges, the undersigned will sell at public auction on November 26, 2014, at 10:00 A.M. to 4:00 P.M. at the Regional Trial Court, Office of the Clerk of Court, Hall of Justice, Hayes-Mortola Streets,Cagayan de Oro City to the highest bidder , for cash or manager check and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-209279 A PARCEL OF LAND Lot 44, Block 15, Pcd-10-053603, being a portion of Lot 4177, Cad-237, Cagayan Cadastre) including all improvements existing thereon, situated in the Barangay of Iponan, City of Cagayan de Oro, Island of Mindanao. Containing an area of FIFTY (50) SQUARE METERS, more or less. x x x

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

In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective buyers may investigate for themselves the title hereinaboved described and encumbrances thereon, if any there be.

Cagayan de Oro City, October 7, 2014.

(Sgd.) ANTONIO A. CAGULANG, JR.

Sheriff IV

BWM: October 17, 24 & 31,2014

BusinessWeek MINDANAO

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FRIday|OCTOBER 31, 2014

Rodelsa Hall Events this November Liceo de Cagayan University’s Rodelsa Hall proudly brings you two events top look forward to this November.

On November 13 up to 16, the longest running European Film Festival returns! Cine Europa 17 is coming to Cagayan de Oro for another round of quality and memorable films from Europe. 21 films from 17 participating countries are set to enthrall film buffs in the city. Cine Europa is free to the public. Complete list of movies and their screening times are available at www.liceo.edu.ph After the film screenings, Classical Filipina pianist Mariel Ilusorio graces the stage for an evening of Beethoven, Schubert and Chopin this coming November 22, 8pm. Ilusorio earned her Pre-College Diploma from the famed Juilliard School of New York and her Bachelor of Music Diploma in Oberlin Conservatory of Music in Ohio. The benefit concert is for the scholarship program of Rodolfo N. Pelaez Foundation, Inc. Cash donations of any amount are gladly accepted upon entrance.

For details on these two events, call (088) 8584093 to 95 local 109 or 09989612102. See you at Rodelsa Hall!

CINEMAEUROPA 17 SCHEDULES NOVEMBER 13 (THURSDAY)

NOVEMBER 15 (SATURDAY)

9AM SWEDEN | THE ICE DRAGON

73 min. (Adventure) PG

9AM AUSTRIA | TWO SEATER ROCKET

88 min. R-13

11AM

11AM

THE NETHERLANDS | MISTER TWISTER CLASS OF FUN 77 min. (Family) PG

1PM DENMARK | THE HUNT

111 min. (Drama) R-13 3:30PM ROMANIA | THE GODMOTHER

(Comedy) 7PM

BULGARIA | JOURNEY TO JERUSALEM 112 min. (War/Drama) PG

NOVEMBER 14 (FRIDAY) 9AM

SWITZERLAND |PLANET OCEAN 97 min. (Documentary) PG

11AM

BELGIUM | EVERYBODY FAMOUS 97 min. (Comedy) R-13

1PM ITALY | SCIALLA

95 min. (Comedy) R-13 3PM

SPAIN | EL LINCE PERDIDO 100 min. (Animation / Comedy) PG

7PM

GERMANY | SCHERBENPARK 91 min. Drama

9PM ROMANIA | CHILD’S POSE

112 min. (Drama) R-13

SPAIN | UNA PISTOLA EN CADA MANO 91 min. (Comedy) R-13

1PM UNITED KINGDOM | METRO MANILA R-13 4PM

THE NETHERLANDS | BON VOYAGE 82 min. (Family) R-13

6PM

CZECH REPUBLIC | IDENTITY CARD (Comedy) R-13

8PM

NORWAY | VEGAS 118 min. (Drama) R-13

NOVEMBER 16 (SUNDAY) 9AM

GERMANY | DIE ANDERE HEIMAT

2PM

HUNGARY | THORN CASTLE (Family) PG

4PM SLOVAKIA | LOVE

87 min. (Drama) R-13

6PM ITALY | A SECOND CHILDHOOD

98 min. (Drama) R-13