Issuu

BusinessWeek MINDANAO CREDIBLE

Volume VIII, No. 51

Market Indicators

As of 6:00 pm October 3, 2017 (tuesday)

FOREX

PHISIX

US$1 = P51.03

8,312.93

20.6 cents

56.65 points

Briefly

Migratory birds GENERAL Santos City -Over the last two weeks, around 86,000 migratory birds were documented to have converged at an emerging sanctuary area in the coastal town of Glan in Sarangani Province. The volume of birds broke last year’s 78,817 record. Lawyer Emma Nebran, former executive director of the Sarangani capitol-based Environmental Conservation and Protection Center (ECPC), said the number was based on the results of an ongoing migratory raptor study being conducted by the agency. She said the annual study at the Raptor Hill of Barangay Rio del Pilar in Glan, Sarangani started last Sept. 18 and will end on Oct. 31.

Bangsamoro road IN the Third Philippines-Japan Joint Committee Meeting on Infrastructure Development and Economic Cooperation, Department of Public Works and Highways Secretary Mark Villar presented the Bangasmoro Road Network Development Project, an infrastructure project involving the improvement and construction of a 200 km road network covering 11 access roads and bridges connecting ARMM and other regions in Mindanao. “Japan International Cooperation Agency has already funded the feasibility study of the Bangsamoro Road Network Development Project. We have already formed a multi-sectoral steering committee, which will be chaired by Undersecretary Emil Sadain,” Villar noted. “We are confident that by 2022, the road network in Bangsamoro will be fully completed,” he added.

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Rio Verde vows water supply back in 3 days www.businessweekmindanao.com

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Wednesday | October 4, 2017

Earthquake-damaged pipeline caused water shortage

H CDO’S WATER CRISIS. Rio Verde Vice President Joffrey Hapitan speaks before the City Council. (CIO)

By MIKE BAÑOS, Editor-at-Large

ERE’S good news and bad news for Kagay-anon water consumers. R i o Ve r d e Wa t e r Consortium Inc. has committed to the Cagayan de Oro Water District it would normalize its delivery of bulk water in the next three days. However, the COWD s ays pres ent consumer

demand in its West Service Area already exceeds the contracted volume Rio Verde has committed to deliver so there’s a good chance the low pressure to no-water situation facing water consumers could continue indefinitely until repairs to the main water line of Rio Verde are completed. During the City Council’s Utilities Committee public consultation headed by

BOC-10 tariffs increase but tax collections down By MARK FRANCISCO Staff Writer

THE regional district of the Bureau of Customs in Cagayan de Oro posted a P3.6 billion collection from April to June this year or up by 47 percent as compared to the same period in 2016. The Bureau of Internal Revenue (BIR) in the same region did not fare well though. Its tax collections for the second quarter of 2017 was pulled down from P3.42 billion in 2016 Q1 to only P2.9 billion this quarter. Regional economic specialist Clark Cañete explained that many companies in the cities of Cagayan de Oro and Iligan were reclassified recently as tariffs/PAGE 11

BUSY TAWI-TAWI PORT. Unloading goods at the port of Bongao in Tawi-tawi on a late afternoon. mindanews photo by ferdinandh b. cabrera

DTI provides stores for Marawi bizmen By KRIS CRISMUNDO, PNA

THE Department of Trade and Indust r y (DTI) is providing stores to Maranao entrepreneurs who are among

the internally displaced persons (IDPs) in Marawi brought by clashes between government troops and

Maute group.    DTI Secretary Ramon Lopez said his agency is working on four commissaries for Maranao businesses in provides/PAGE 11

Kag. Teodulfo Lao Jr. held yesterday at the city session hall, COWD Information Manager Ladele Sagrados said the ongoing water crisis has adversely affected water consumers in their West Service Area. “ We h a v e b e e n experiencing water shortage in our West Service Area due to repairs being conducted to the Rio Verde pipeline that has affected several barangays including Lumbia, Calaanan, Pagatpat, Opol, Bulua, Iponan, Patag, especially in the elevated portions and low pressure in the rest of the West Service Area,” Sagrado said. Quakes damaged pipeline Rio Verde Vice President Joffrey Hapitan said they have been unable to supply the C OWD bulk water requirements after Rio Verde’s main submarine transmission line across the Cagayan River was damaged by the series of earthquakes which rocked Mindanao last month. Records show that Mindanao was rocked by a series of earthquakes nine days ago with a 4.4 magnitude temblor first hitting Magpet Soccskargen, followed a few hours later by a magnitude 5.7 quake at Kadingilan, Bukidnon; then another 4.4 magnitude quake in Osias, Soccskargen and Wao, Lanao del Sur. supply/PAGE 11

Agus, Pulangi rehab to proceed with or without privatization By ANTONIO L. COLINA IV, MindaNews

D AVA O C i t y - - T h e rehabilitation of the Agus and Pulangi hydropower complexes will push through with or without privatization, Energy Undersecretary Felix William B. Fuentebella said.

In a press conference during the Energy Investment Forum and Stakeholders Conference at the Grand R e g a l H o t e l Tu e s d a y, Fuentebella said the two hydropower plants de-rated

capacity is 686 megawatts. Their installed capacity is 982 MW. He said Finance Secretary Carlos G. Dominguez III, chair of the Power Assets Liabilities and Management Corporation (PSALM), has rehab/PAGE 9

AGUS-PULANGUI REHAB. An aerial view of a hydropower plant along Agus River, near scenic Maria Cristina Falls in Iligan City in this photo taken on March 4, 2014. mindanews file photo

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Economy 2 DA-Caraga teaches farmers to become agripreneurs B Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

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UTUAN City -The Department of Agriculture (DA) Caraga’s assistance does not only stop with production support for the farmers. The agency also lingers to promote agricultural development by providing the policy framework, public investment, and support needed for domestic and export-oriented business enterprises. To heap on the promotion of agriculture enterprise, DA in partnership with the Philippine Center for Entrepreneurship Foundation, Inc.-Go Negosyo (PCE-Go Negosyo) gears up farmers to become agripreneurs through the Kapatid

Agri-Mentor Me Program (KAMMP) in Butuan City. KAMMP is a coaching and mentoring program for agriculture enterprise, designed to sustain and scale up the farming business of farmers. In the region, a total of 53 mentees will participate in KAMMP. They will be mentored by agribusiness practitioners, who have an extensive knowledge in their field. The program is designed to equip agripreneurs with proper production techniques, mindset and values, practical knowledge and strategies, and consultation services to foster successful and sustainable agrienterprises. Agripreneurs is a term

used for the new breed of entrepreneurs combining their love of farming and agriculture with business. Since 2008 up to present, the department continues to assist and monitor 31 operational Barangay Food Terminals (BFT), 11 Municipal Food Terminals (MFT), 2 Organic Agriculture Trading Post (OATP), 1 Agri-Pinoy Trading Center (APTC), and 4 Rice Processing Centers (RPC) throughout the region. These 49 business hubs have been operated by farmer associations and cooperatives supported by the office. DA supports the advocacy of PCE-Go Negosyo in popularizing teaches/PAGE 11

RPN Radyo Ronda Stations Nationwide

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

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

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

NFA Bukidnon urges farmers to sell palay produce to govt. National Food Authority (NFA) Bukidnon public information officer Maria Socorro Mellomida during Sunday radio program is encouraging farmers in the province to sell their “Palay (unhusked rice)” to NFA either dried or freshly threshed. She said they have teams deployed in selected areas to pick up Palay produce of farmers who cannot afford to transport their produce to NFA buying stations. (RLRBalistoy/PIA 10-Bukidnon)

Culinary event hopes to highlight regional cuisine DAVAO City -- A culinary competition, which aims to find a unique regional cuisine, was held on Sept. 26 at the Activity Center of Abreeza Mall of this

city. The Davao Tourism Association (DATA) organized the Kusina and Serbisyo Competition of the South, to be known as

KusdelSur, to feature the skills of culinary students and professionals. Said competition will run for three days. cuisine/PAGE 11

New turtle hatchlings released from sanctuary DAVAO City – About 158 turtle hatchlings were released on September 21 at the Cleanergy Park in Matina Aplaya, this city. The Hawksbill sea turtle hatchlings belong to Nest 5 which was found last July 29, 2017. There were about 179 eggs found of which 158 were living hatchlings. This year, there is a

total of 785 Hawksbill turtle hatchlings released to the sea, at the same park. Formerly known as the Pawikan Sanctuary, the eight-hectare area enclosed by a 37-hectare marine protected area was developed by the Aboitiz Foundation to become a venue for habitat conservation and

biodiversity management in an urban setting. The property was once used by the Davao Light and Power Company, which is part of the Aboitiz Group of Companies. The Nest 5 is the 8th nest found this 2017. The most recent nest was found on September 23. (PIA/RG Alama)

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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CAMPUS JOURN MENTORS. The newly-elected officers of the School Paper Advisers Association in Cagayan de Oro, both secondary and elementary, taking their oath of office during the awarding ceremony. photo courtesy of princess jamaica co

Eight schools in Oro top journalism tilts

By URIEL QUILINGUING, Contributing Editor

IVE secondary and three elementary public and private schools in Cagayan de Oro dominated this year’s Division Schools Press Conference contests which ended Saturday, Sept. 30, 2017. Campus journalism coordinator Lorebina Carrasco of the Department of Education’s Division of Schools in Cagayan de Oro City said Gusa Regional Science High School kept the secondary level overall championship title, both in English and Filipino. Overall championship title in the elementary level, however, was shared between Cagayan de Oro City Central School and East City Central School in English and Filipino, respectively, Carrasco said. Cagayan de Oro College-Phinma and Saint Mary’s Academy of Carmen took the first and second runner-up overall rankings in English while Lumbia National School and Xavier University High School grabbed the first and second runnerup spots in Filipino.

In the elementary level, East CCS was first runner-up in English, Cagayan de Oro City CS also took the same ranking in Filipino, while host Bulua Central School was second runner-up for both English and Filipino. Meanwhile, School Paper Advisers Association president for secondary schools Estormeo Serena, who is also one of the coaches of Gusa RSHS, said they won the overall championship title for the seventh. “We’re lucky to be the overall champion again, “ Serena said, admitting they retained the title because of their school’s performance in group contests, winning all except radio broadcasting in Filipino. Aside from radio broadcasting, contested upon during the two-day DSPC (Sept. 29 and 30)

were group contests on collaborative publishing, school publications, and TV newscasting and individual sports writing, photojournalism and copyreading and headline writing. Earlier, district level contests were held separately in 10 schools for writing editorial, feature, news and science as well as in editorial cartooning. “The top seven performers per district were brought for judging again in the division level,” Carrasco said, adding that by doing so the best outputs could emerge aside from trimming down the participants in the DSPC. Champions in group contest events and the top three in individual contest events will represent the division in the Regional Schools Press Conference at Liceo de Cagayan University, Cagayan de Oro on Oct. 23-25, this year. Cagayan de Oro City Schools Division, one of Northern Mindanao’s biggest divisions, has 109 elementary and secondary public schools, aside from about 30 privately-owned ones.

FUTURE JOURNALISTS. Campus journalists of Gusa Regional Science High School with their coaches pose for posterity after having been declared overall champion in the Division Schools Press Conference, Sept. 30, 2017. photo courtesy of storm serena

IDC Joins Real Estate and Investment Conference

Italpinas Development Corporation’s leaders, Architect Romolo Nati and Atty. Jojo Leviste, who are known for their passion in developing sustainable projects across emerging cities, joined the prestigious Real Estate and Investment Conference hosted by Italian Chamber of Commerce in the Philippines, Inc., held last September 21, 2017, Thursday at SMX

Convention Center, Metro Manila. The conference was participated in by public and private sectors, such as the National Competitiveness Council, Department of Public Works and Highways (DPWH), Securities and Exchange Commission, Department of Tourism– Tourism Regulation, Coordination & Resource Generation, A Tourism Infrastructure and Enterprise Authority, Housing and Land Use Regulatory Board (HLURB), Havitas Developments Corporation, Lamudi Philippines, and ESCA Incorporated. The event is a project under the EU-

Philippines Business Network, aimed to bring government officials, local stakeholders, foreign investors to discuss issues and complexity in Philippine real estate such as foreign ownership, investments, tourism, and others. It also highlighted topics concerning the status of the Philippine property landscape, such as the risks in investing in the country’s real estate, and its role in the tourism and sustainable development. Participating in this business conference together with other notable companies from the Philippines, Italpinas is Cagayan de Oro’s first condominium conference/PAGE 10

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The freedom to fail

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Shopping Spree think a minute

jhan tiafau hurst Think a minute…On a TV game show, I saw a woman who won a shopping spree in a supermarket. She had 10 minutes to fill her cart with anything she wanted in the store. In those few minutes, she had to be smart and find the most valuable things she could to fill her cart with. ` Do you realize that your life is like a shopping spree? In this short life, we have only a limited amount of time to get the most valuable things we can. To get the most for our time. One successful man said it this way: “The time of your life is the one dollar you’re given. It’s the only dollar you have, so be very careful how you choose to spend it. Don’t ever let other people spend it for you. Counting time is not nearly as important as

making time count.” If you don’t use it, you’ll lose it. Time never stops for any of us, no matter who we are. “You may be able to take the day off, but you can’t put it back.” Since we can’t keep it or save it, we have to spend it. A wise man said: “The only smart use of your time and life is to spend it on something that will last longer than your life and keep benefiting you even after you die.” This short, simple poem tells us the secret to spending our life for that one thing that will secure and always take care of us. It says: “Only one life, will soon be past. Only what’s done for Christ will last.” You see, Jesus Christ is the only One Who lasts, since He is the Creator of life itself. So if you have Him, you never run out of life. That’s what He came to show us by giving His own perfect life for our sins and then bringing Himself back to life. So what will you do with the time you have left? Why not start spending your life wisely: by living your Maker’s way for the only things that will keep taking care of you for the rest of your life, and even after you die. Just Think a Minute…

Ruffy magbanua ‘The greatest successes come from having the freedom to fail’ – Mark Zuckerberg THIS column is giving way to Mark Zuckerberg, co-founder of Facebook, and currently its chairman and chief executive officer with the hope to spread further his sense of purpose. Zuckerberg, a Harvard dropout, delivered re c e nt ly t h e fol l ow i ng address at Harvard’s 366th Commencement Exercises: I’m honored to be with

you today because, let’s face it, you accomplished something I never could. If I get through this speech, it’ll be the first time I actually finish something at Harvard. Class of 2017, congratulations! Today I want to talk about purpose. But I’m not here to give you the standard commencement about finding your purpose. We’re millennials. We’ll try to do that instinctively. Instead, I’m here to tell you finding your purpose isn’t enough. The challenge for our generation is creating a world where everyone has a sense of purpose. One of my favorite stories is when John F Kennedy visited the NASA space center, he saw a janitor carrying a broom and he walked over and asked what he was doing. The janitor responded: “Mr. President, I’m helping put a man on the moon”.

The thing is, it never even occurred to me that someone might be us. We were just college kids. We didn’t know anything about that. There were all these big technology companies with resources. I just assumed one of them would do it. But this idea was so clear to us - that all people want to connect. So we just kept moving forward, day by day. I know a lot of you will have your own stories just like this. A change in the world that seems so clear you’re sure someone else will do it. But they won’t. You will. But it’s not enough to have purpose yourself. You have to create a sense of purpose for others. I found that out the hard way. You see, my hope was never to build a company, but to make an impact. And as all these people started joining us, I just assumed that’s what they cared about

too, so I never explained what I hoped we’d build. Today I want to talk about three ways to create a world where everyone has a sense of purpose: by taking on big meaningful projects together, by redefining equality so everyone has the freedom to pursue purpose, and by building community across the world. First, let’s take on big meaningful projects. Every generation has its defining works. More than 300,000 people worked to put a man on the moon - including that janitor. Millions of volunteers immunized children around the world against polio. Millions of more people built the Hoover dam and other great projects. These projects didn’t just provide purpose for the people doing those jobs, they gave our whole country a sense of pride that we could freedom/PAGE 8

DON’T WORRY - BE HAPPY? have my say

klaus doring Almost on the way to the airport for a longer stay in Manila, I get this in mind: we hardly count our blessings. We enjoy counting our crosses. Instead of gains, we count our

losses. We don’t have to do all that counting - computers do it for us. Information is easily had. Just rememb er t his: Opportunity doesn’t just knock - it jiglles the doorknob, and “your friend” - the worrier, is with you day and night, at every corner, following your every step. Complaining and grumbling are good excuses, aren’t they? We have time and opportuntities to do almst anything. So why haven’t we done it? We have the freedom of bondage or restraint, every one of us in his or her very special way - but, we’re still our old inferior selves.

The w hole world is an awful place filled with d re a d f u l a n d h or r i b l e negativsm. Yes, I confess, I am also surrounded by many worriers who put their fears into me! Politicians, i.e., many times love to search for some grave alarm that will cause individuals to abondon their separate concerns and act in concert, so that politicians can wield the baton. Calls to fatal struggles and fights are forever being surrounded. But at this moment, I am counting my blessings and thank our Almighty God for everything. Well, when will we start

counting our courage and not our fears, or enjoy instead our woes? Worrying itself is pointless. Of course, no society has achieved perfectly rules of law, neverending education or unique responsible governments. Let’s seek out the worries but avoid the worriers, because they try to avoid liberty. See you in Manila! +++ Email: doringklaus@gmail. com or follow me in Facebook, LinkedIn or Twitter or visit www.germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com .

Accusations that CJ Sereno must answer right away Kakampi mo ang batas

Batas Mauricio L I F E’ SI N SP I R AT IO N S : “… `Immediately after the distress of those days the sun will be darkened, and the moon will not give its light; the stars will fall from the sky, and the heavenly bodies will be shaken’…” (Jesus, our God and Savior, in Matthew 24:29, the Holy Bible). -ooo ACCUSATIONS THAT CJ SERENO MUST ANSWER RIGHT AWAY: In the controversy surrounding Supreme Court Chief Justice Ma. Lourdes Sereno today on account of the impeachment complaint against her before the House of Representatives, what I would like to urgently hear real soon is the answer of her camp on what a

lawyer-columnist of a major newspaper wrote about her the other day. Lawyer Oscar Franklin Tan charged that Sereno fully admitted, through the answer she and her lawyers filed to refute the impeachment complaint against her before the lower house of Congress, that she in fact blatantly violated the 1987 Constitution by her maneuvers to stop then Solicitor General Francis Jardeleza from becoming a member of the high tribunal. The actions of Sereno in the case of now Supreme Court Associate Justice Jardeleza, as admitted by her in her answer, Tan argued, violated the Constitutional due process clause becaue she acted as the complainant, prosecutor, judge, and jury in the case of Jardeleza. From where I sit, this is a serious accusation, and Sereno should endeavor to answer Tan right away to dispel any misconceptions his column may have created. -ooo IN THE FACE OF A DEADLY WORLD, THE ONLY REFUGE IS GOD: Indeed, the world nowadays

is living dangerously, with deadly incidents occurring almost ever ywhere, one after the other. The latest of these incidents was the mass shooting in Las Vegas, Nevada, USA, last Monday (Sunday in the US), October 02, 2017, where, as of press time, some 20 people have been confirmed to have died, and scores wounded. As well, a shooting incident occurred in a church in Antioch, Tennessee, USA where one churchgoer was killed. Let us no longer consider the exact reasons behind these violent incidents. What is important for us to consider is the truth that a great number of other places are unmistakably e x p e r i e nc i ng t he s ame mayhem. Whether these were caused by terrorism or by personal motivations, we should realize that man shou ld ende avor to b e careful all the time. But, how can man truly take care of himself or of his loved ones? The truth is, nobody has the power to isolate himself or his family from violent incidents. The only One who can give us care and

safety is God, so that we all need to understand how we can ask Him to protect us all the time. -ooo CNN.COM REPORTED “SHAKING” IN THE SKY: Again, many will simply shrug their shoulders about the news written by Don Lincoln for cnn.com on October 01, 2017. This is regarding the discover y, on August 14, 2017, by experts and scientists of “gravitational waves” that came from two dead stars, otherwise known as black holes, which collided with one another with great impact. According to Lincoln, gravitational waves are waves of magnetic energy flowing through space (including the space here on our earth) arising from the collision of dead stars or black holes, which shook planets and other celestial bodies. While experts hastened to explain that the waves did not pose any serious threat as of now, the possibility cannot be discounted that they could cause great calamities in the near future. If the truth be told, it has batas/PAGE 11

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CorporateWorld

Philippines AirAsia pushes IPO back to mid-2018

HILIPPINES AirAsia, Inc. is looking to conduct its initial public offering (IPO) by mid-2018. “BDO’s working on it, hopefully by the middle of next year, we’ll be able to get it,” Philippines AirAsia Chief Executive Officer Dexter M. Comendador told reporters on Sunday, referring to BDO Capital

and Investments Corp. which has been tapped as underwriter for the deal. Mr. Comendador said the company expects to raise up to $250 million from the public offering, which will be used mainly to expand its facilities. “We need hangars, we need a new office building,” he said, adding the new office of

Philippines AirAsia would be located most likely in Clark, Pampanga. AirAsia Group Chief Executive Officer Tony Fernandes earlier said the planned IPO of the Philippine and Indonesian units is part of a plan to consolidate its Southeast Asian units under one listed holding company. “Our first step is

to list Philippines and Indonesia for my One AirAsia plan, where we have all the AirAsia units go public. Malaysia and Thailand are public. Not sure which one will come first, Philippines or Indonesia, but both are going to go public very soon,” Mr. Fernandes said at the sidelines of the International Paris Air

Show in June. Under the One AirAsia plan, Mr. Fernandes said he wants to form an ASEAN (Association of Southeast Asian Nations) community airline by combining its units in Malaysia, Thailand, Philippines and Indonesia under a single holding company. The move is expected to

PLDT to provide Wi-Fi to more than 2,300 buses MORE than 2,300 public transport buses will be provided with Wi-Fi Internet connection by the end of the year to comply with the public utility vehicle (PUV) modernization program of the government. This comes as telecom firm PLDT has partnered with the Provincial Bus Operators Association of the Philippines (PBOA) to provide their members with Wi-Fi connectivity, closed circuit television (CCTV) monitoring, and vehicle tracking through the ‘SmartBus’ suite of services from the Smart Biz LTE

bundle. The Smart Bus suite will help bus operators comply with the government’s plan to modernize the public bus transportation system by installing a GPS monitoring device in their buses for commuter safety. “Giving the commuting public easy and fast access to the internet through our Smart Biz LTE can help take their mind away from this daily grind, and enable them to be more productive by doing more tasks while in transit. Apart from the Wifi service that is well appreciated by their

customers, we’ve received positive feedback from our partner bus operators that the Smart Bus suite of services gives them peace of mind regarding the security of their bus units, their personnel and their riding patrons,” PLDT senior vice president and head of enterprise Jovy Hernandez said in a statement. The package comes with an industrial-grade robust modern router which is resistant to heat and vibration that reboots automatically to refresh its connection. “It can accommodate up to 25 users

simultaneously and has a bandwidth shaper feature which allows more users to connect, delivering LTE speeds,” according to PLDT first vice president and head of SME business Mitch Locsin. The telco is eyeing to partner with more bus operators within the year to equip their bus units with high speed connectivity. “By the end of the year, over 2,300 buses nationwide will be fitted with the SmartBus solution benefiting millions of our commuting public,” Locsin added. The DOTr will require

public transport vehicles to install CCTV cameras, a GPS navigation system, speed limiters, dashboard cameras, and Wi-Fi to comply with the Omnibus Franchising Guidelines (OFG). Under the OFG, public transport routes will be planned by LGUs based on the current and projected travel patterns in their respective areas. These routes will be contained in the Local Public Transport Route Plan of LGUs which will serve as basis for franchise issuance by the LTFRB. (PNA)

yield economies of scale and help AirAsia establish a dominant position in markets where it operates. NEW FLIGHTS On Sunday, AirAsia launched the maiden flight of its Manila-Iloilo route. The low-cost carrier will service the route with three flights daily using its fleet of Airbus A320s that can accommodate up to 180 passengers. At the same time, AirAsia is also planning to launch new flights from Manila to Indonesia in the first quarter of 2018. Mr. Comendador told reporters AirAsia will launch direct flights from Manila to Bali and Jakarta by January and February. The budget carrier will also mount direct flights from Manila to Ho Chi Minh City in Vietnam starting November. In May, the AirAsia Group reported that the Philippine unit posted an operating profit of P400 million in the first quarter of 2017, attributed to a rise in passenger count by 19% and surge in revenues by 41%.

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Bank economist predicts ‘over heating’ of economy

N economist of ING Bank Manila is eyeing a hike in the Bangko Sentral ng Pilipinas’ (BSP) key rates in the last quarter of 2017 on account of possible over heating of the economy, citing rising inflation and rise in trade deficit among others. In a research note, ING Bank senior economist Joey Cuyegkeng said a rate tightening in the last month of this year is possible to address risks from the strong growth of loans and of domestic liquidity.

“We continue to expect a pre-emptive tightening at this year’s last BSPMB (Bangko Sentral ng Pilipinas-Monetary Board) monetary policy meeting (in December),” he said. The economist noted that growth of domestic liquidity, or M3, registered a faster rise of 15.4 percent last August from the previous month’s 13.5 percent. “We had anticipated only a marginal acceleration to around 14 percent, within the sweet spot of non-inflationary M3 growth of 10 percent

-15 percent,” he said. During the same month, growth of outstanding loans of commercial banks went up from last July’s 19.7 percent to 20.4 percent, excluding placements in the central bank’s reverse repurchase (RRP) facility. Cuyegkeng said bank lending’s latest growth is faster than his 18.5 percent growth projection. “The acceleration we saw may partly reflect some frontloading of purchases ahead of the implementation of the tax reform package that

not only includes lower individual income tax and higher excise taxes for fuel and sweetened beverages but also higher excise taxes on automobiles,” he added. BSP Deputy Governor Diwa Guinigundo, told PNA in a phone message, that “it’s easy to observe that M3, loans and inflation are showing consistent uptrends.” “But that does not establish in a conclusive way there would be overheating in the economy,” he pointed out. The central bank

Residential Real Estate prices moderate in Q2 2017 Condominium unit and townhouse prices up but single detached house prices down in Q2 2017 Year-on-year, prices of condominium units and townhouses grew faster at 5.1 percent and 2.9 percent compared to the previous quarter, respectively.1 However, prices of single detached housing units declined by 9.9 percent. This drove the decline in the Residential Real Estate Price Index (RREPI) for Q2 2017 by 4.6 percent to 116.6 from 122.2 for the same quarter a year ago.2 Quarter-on-quarter, RREPI remained broadly steady. RREPI measures the average change in prices of various types of housing units comprising of single detached/attached house, duplex, townhouse, and condominium unit based on data from housing loans granted by universal, commercial, and thrift banks. RREPI increases in the National Capital Region (NCR) but declines in Areas Outside NCR The average residential property prices in NCR increased by 2.5 percent while those of AONCR declined by 8.2 percent in Q2 2017 compared to year-ago prices. In NCR, the higher growth in prices of condominium units

offset the decline in prices of single detached houses and townhouses. Meanwhile, in AONCR the drop in prices of single detached houses outweighed the increases in prices of condominium units and townhouses. Profile of residential real estate loans for Q2 2017 For Q2 2017, about eight in ten real estate loans were for the purchase of new housing units (75.3 percent). By type of housing unit, 45.3 percent of residential property loans were for the acquisition of single detached units, followed by condominium units (44.8 percent) and townhouses (9.6 percent). By area, condominium units were the most common house purchases in NCR while single detached houses were prevalent in AONCR. By region, NCR accounted for 44.9 percent of the total number of residential real estate loans granted during the quarter, followed by CALABARZON (28.9 percent), Central Luzon (6.7 percent), Central Visayas (5.7 percent), Western Visayas (5.7 percent), Davao Region (3.1 percent) and Northern Mindanao (1.3 percent). Together, these seven regions accounted for 96.3 percent of total housing loans granted by banks.

About the report Under BSP Circular No. 892 dated 16 November 2015, the BSP requires all universal/commercial banks (UBs/KBs) and thrift banks (TBs) in the Philippines to submit a quarterly report on all Residential Real Estate Loans (RRELs) granted for the generation of RREPI. Out of the 100 banks covered, 99 banks or 99 percent (consisting of 46 U/KBs and 53 TBs) submitted their reports to the BSP which cover the second quarter of 2017. The residential real estate price index (RREPI), which is estimated every quarter based on housing loans granted by banks, is a first in the Philippines and is expected to provide a. valuable tool in assessing the real estate and credit market conditions in the country. The RREPI measures the average changes in prices of different types of housing units (single detached/attached house, duplex, condominium, and townhouse) over a period of time across geographical areas (NCR and AONCR) where the growth rate of the index measures house price inflation. The RREPI is computed as weighted chain-linked index based on the average appraised value per square meter weighted by the share of floor area of new housing units.

official explained that for one “while inflation is rising, our forecasts indicate within target for the next three years.’ The central bank’s policy-making Monetary Board (MB) forecasts inflation to average at 3.2 percent from 2017 to 2019, within the government’s two to four percent target range for the period. “Inflation is also modest and within target,” Guinigundo said. In the first eight months this year, inflation averaged at 3.1 percent. Last August alone,

inflation posted a faster pace of 3.1 percent from month-ago’s 2.8 percent. Guinigundo also said that “loan growth is also substantial because the economy is growing” but noted that “loans to GDP ratio remains modest by regional standard.” Thus, he stressed that “we need to be more rigorous in our analysis lest we spook the market with no solid basis.” “BSP nonetheless continues to monitor the situation for any potential for generating systemic risks,” he added. (PNA)

Visa launches interactive financial literacy-themed play INTERNATIONAL digital payments provider Visa launched on Monday its financial literacy program Lukot-lukot, Bilog-bilog (Crumpled, rounded), a theatrical play targeted to teach students the importance of informed financial decisions. Dan Wolbert, Visa Philippines Head of Sales, in a briefing, said the program targets to reach at least 3,500 students nationwide within a year. “This is in line to support the BSP’s (Bangko Sentral ng Pilipinas’) initiatives to educate consumers on financial literacy here in the Philippines,” he said. Wolbert said that to effectively teach their target audience on the concepts of money matters, VISA tapped Tanghalang Pilipino, the resident drama company of the Cultural Center of

the Philippines (CCP), for an interactive play which was initially shown at CCP Monday. The interactive play will be shown in various schools in Metro Manila starting with San Francisco High School in Quezon City and the University of Makati. BSP Inclusive Finance Advocacy head Pia Roman-Tayag, in an interview by journalists after the play, said the performancebased teaching mode is an effective way to encourage more youth in understanding the importance of financial literacy. She said the median age in the country is 23 and noted that the workforce is comprised of 48 percent millennials. “They are really what we need to teach. We start visa/PAGE 8

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Billboard

Globe Business helps Philippine logistics companies maximize reach via digital marketing and big data

Globe Business Sales Cluster Head Tisha Sadorra welcomes the attendees to the first of a series of industry roadshows.

ith the various challenges in the Philippine logistics industr y’s shift to being fully digital, Globe Business, the information and communications technology (ICT) arm of Globe Telecom, recently held the Logistics Industr y Roadshow, an event that aims to educate logistics companies through industr y insights, and showcase how digital marketing can help maximize their reach and leverage on specific audience targeting which will lead to savings and costefficienc y. Over 25 marketing

Seaweeds project turned over to MisOcc fisher folks By Shaine Mae R. Nagtalon

OZAMIZ CITY, Misamis Occidental --Department of Agriculture (DA) - Bureau of Fisheries and Aquatic Resources (BFAR) and the Local Government Unit of Ozamiz City led the turn over of Seaweeds Projects through distribution of fiber glass boats and farm implements early this month at Cotta Park, El Triunfo, Ozamiz City. Gilda N. Abao, provincial fishery officer (PFO) - Misamis Occidental said that these livelihood programs for the fisher folks and seaweed growers beneficiaries are an immense help for the province. Equipment include 82 units of fiberglass boats for Ozamiz city, seven units for Tangub, two units for Tudela, one unit for Jimenez and Panaon, two units for Lopez Jaena and five units for Sapang Dalaga. Meanwhile, farm implements or seaweeds seedlings were given to farm families and individuals in various cities and municipalities in the province.

“We are very grateful to BFAR for providing assistance to our fisher folks and seaweed growers. I will take this assistance by BFAR and our government to begin with the development of each family here. We will enjoy the impact of the benefits that all households will be able to achieve,” says April Rose D. Mecaros, Ozamiz City councilor and chairman of Committee on Agriculture and Fisheries. On the other hand, Arturo B. Maghinay, chairman of Ozamiz City Federation of Goso Growers and Fisher Folk Association said that they are happy and grateful for the fiberglass boat they received, along with other fishing implements. He added that, they will take good care of this so that their plans will be pushed through and that they will help the association because they believe that this will be one of the keys in improving the lives of the people. (Shaine Mae R. Nagtalon/ PIA Misamis Occidental)

Misocc fiber glass. Department of Agriculture (DA) Bureau of Fisheries and Aquatic Resources (BFAR) and the Local Government Unit of Ozamiz City led the turn over of Seaweeds Projects through distribution of fiber glass boats and farm implements on 18 September 2017 at Cotta Park, El Triunfo, Ozamiz City. (Shaine Mae R. Nagtalon/PIA Misamis Occidental)

professionals from various logistics organizations such as Grab, LBC Express, Federal Express, ACM Landholdings and UBE Express attended the forum held at the Globe Tower in Bonifacio Global City, Taguig. Globe Business Cluster Sales Head Tisha Sadorra emphasized the importance of the forum to the logistics industr y. "There's so much to do with the logistics and transportation industr y in the Philippines, and Globe Business looks at the long-term perspective of providing products and solutions that will best enable our clients and partners to adapt to the radical shift of technologies and innovations” Sadorra said. “We believe that through digital marketing and big data, we can help enterprises personalize

their marketing campaigns and build stronger connections with their customers resulting to enhanced engagement and loyalty” she added. Topics such as “Instant is the new normal” - discussed what is digital and mobile marketing, its importance, and components; “How to attract new leads and boost sales conversion” - which showcased the various offerings of AdSpark such as Mobile, Media, Content, and Analytics solutions; “How to generate a strong loyal customer base” - which featured Globe Digital Ventures ser vices that can improve workplace productivity and efficiency ; and “Leveraging on big data to drive contextual offers” through Globe Telecom’s Enterprise Data Office, covered

the vast opportunities companies can tap from big data. "Through the forum, we were able to add value to our enterprise customers by sharing with them the trends in their industr y, and how Globe Business can be their business advisor and partner as they drive competitive advantage through digital solutions," said Globe Business Senior Vice President Peter Maquera. Globe Telecom’s enterprise ICT arm has since led the way in initiating industr yspecific forums to showcase its portfolio of ICT solutions that can help speed up the adoption of data-driven solutions across the countr y's enterprise segment. Last year, Globe Business organized a similar forum for the healthcare industr y.

Globe Business redefines how businesses work— which go beyond functions, numbers, and performance. The enterprise ICT arm of Globe Telecom helps turn businesses passion and purpose into reality through the right technology, infrastructure, and know-how to create meaningful experiences for its clients, their customers, and ultimately, the nation. For more information about Globe Business and its set of business solutions, get in touch with a Globe Business Account Manager or call the Globe Business Premium Support Center at +63 2.917.2888 toll-free using a Globe mobile and landline. You can also visit www.globe. com.ph/business for more information.

Christian Cezar Manabat, the Rotary youth mayor from Liceo de Cagayan University, pays a courtesy call on Mayor Oscar Moreno. The Rotary youth officials had their one-week governance immersion at the city government. CIO

Miss Consolacion 2017 Niña Kirstine Saarenas (third from left) and her court wave the Korean heart sign after being crowned last week as part of the fiesta activities of barangay Consolacion, Cagayan de Oro City. Saarenas’ court consist of (from left) fourth runner-up Zelden Faye Celestial, second runner-up Ma. Pamela Martha Bagares, first runner-up Melissa Cubero and third runner-up Rochelle Mae Arda. photo by sluj reyes

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Freedom... from page 4

CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947

DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491

LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

CARMEN BRANCH Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011

do great things. Now it’s our turn to do great things. I know, you’re probably thinking: I don’t know how to build a dam, or get a million people involved in anything. But let me tell you a secret: no one does when they begin. Ideas don’t come out fully formed. They only become clear as you work on them. You just have to get started. If I had to understand everything about connecting people before I began, I never would have started Facebook. It’s good to be idealistic. But be prepared to be misunderstood. Anyone working on a big vision will get called crazy, even if you end up right. Anyone working on a complex problem will get blamed for not fully understanding the challenge, even though it’s impossible to know everything upfront. Anyone taking initiative will get criticized for moving too fast, because there’s always someone who wants to slow you down. So taking on big meaningful projects is the first thing we can do to create a world where everyone has a sense of purpose. The second is redefining equality to give everyone the freedom they need to pursue purpose. Now, an entrepreneurial culture thrives when it’s easy to try lots of new ideas. Facebook wasn’t the first thing I built. I also built games, chat systems, study tools and music players. I’m not alone. JK Rowling got rejected 12 times before publishing Harry Potter. Even Beyonce had to make hundreds of songs to get Halo. The greatest successes come

from having the freedom to fail. But today, we have a level of wealth inequality that hurts everyone. When you don’t have the freedom to take your idea and turn it into a historic enterprise, we all lose. Right now our society is way overindexed on rewarding success and we don’t do nearly enough to make it easy for everyone to take lots of shots. Let’s face it. There is something wrong with our system when I can leave here and make billions of dollars in 10 years while millions of students can’t afford to pay off their loans, let alone start a business. We all know we don’t succeed just by having a good idea or working hard. We succeed by being lucky too. If I had to support my family growing up instead of having time to code, if I didn’t know I’d be fine if Facebook didn’t work out, I wouldn’t be standing here today. If we’re honest, we all know how much luck we’ve had. Purpose doesn’t only come from work. The third way we can create a sense of purpose for everyone is by building community. And when our generation says “everyone”, we mean everyone in the world. We get that our greatest opportunities are now global - we can be the generation that ends poverty, that ends disease. We get that our greatest cha l lenges ne e d g lob al responses too - no country can fight climate change alone or prevent pandemics. Progress now requires coming together not just as cities or nations, but also as a global

community. But we live in an unstable time. There are people left behind by globalization across the world. It’s hard to care about people in other places if we don’t feel good about our lives here at home. There’s pressure to turn inwards. We all get meaning from our communities. Whether our communities are houses or sports teams, churches or music groups, they give us that sense we are part of something bigger, that we are not alone; they give us the strength to expand our horizons. This is my story too. A student in a dorm room, connecting one community at a time, and keeping at it until one day we connect the whole world. Change starts local. Even global changes start small with people like us. In our generation, the struggle of whether we connect more, whether we achieve our biggest opportunities, comes down to this - your ability to build communities and create a world where every single person has a sense of purpose. Class of 2017, you are graduating into a world that needs purpose. It’s up to you to create it. (ruffy44_ ph2000@yahoo.com)

Visa... from page 6

from the youth to make everyone literate,” she said. Tayag explained that classroom trainings are ef fec tive in hitting the government’s goals to make each Filipino financially l ite r ate but note d t hat delivering these teachings through exciting and interactive modes is a plus.

“Theater is one way to reach them effectively and hopefully they remember the lessons so when the time comes that they need to make financial decisions they are able to evaluate and make the proper decisions,” she said. Tayag said one of the pi l l ars of t h e n at i on a l strateg y on financial inclusion is financial education and consumer protection, which is aimed to create a platform for private sector’s participation in this nationwide program. “I would say the strategy is successful because since the launch in 2015 there have been many private sector initiatives supporting the strategy. It allowed them to find an anchor upon which they can build programs that support inclusion, that support increased financial literacy,” she said, noting that the strategy’s target is for a universal access on formal financial services. The BSP launched the national strategy for financial inclusion with other national government agencies in 2015. In August l ast ye ar, the Act declaring ever y second week of November as Economic and Financial Literacy Week lapsed into law. Republic Act (RA) No. 10922, otherwise known as Economic and Financial Literacy Act” states that “the State recognizes the growth potential of the country through a financially literate people who make sound financial decisions, mobilize savings, and contribute ideas on improving economic and financial policies and programs.” (PNA)

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 16, Tangub City

OFFICE OF THE CLERK OF COURT AND EX-OFFICIO SHERIFF

NOTICE OF EXTRA-JUDICIAL SALE EJF – 2017 – 003

NOTICE OF EXTRA-JUDICIAL SALE EJF – 2017 – 005

Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118 filed by Rural Bank of Tangub City Inc. Tangub City against Mrs. Caridad Peñaflor to satisfy the mortgage indebtedness which as of August 10, 2017 amounts to One Hundred Three Thousand Four Hundred Thirty Two Pesos and 82/100 only (Php 103,432.82) excluding interest, attorneys fees, and other lawful fees for the service of foreclosure, the undersigned Sheriff will sell at public auction on October 18, 2017 at 10:00 o’clock in the morning or soon thereafter at the office of the Clerk of Court, Regional Trial Court, Br. 16, Tangub City, to the highest bidder in cash, Philippine Currency the herein mortgage property to wit:

Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118 filed by Rural Bank of Tangub City Inc. Tangub City against Sps. Letecia and Antonio Tano to satisfy the mortgage indebtedness which as of August 10, 2017 amounts to One Hundred Nine Thousand Four Hundred Nine Pesos and 05/100 only (Php 109,409.05) excluding interest, attorneys fees, and other lawful fees for the service of foreclosure, the undersigned Sheriff will sell at public auction on October 18, 2017 at 10:00 o’clock in the morning or soon thereafter at the office of the Clerk of Court, Regional Trial Court, Br. 16, Tangub City, to the highest bidder in cash, Philippine Currency the herein mortgage property to wit:

TRANSFER CERTIFICATE OF TITLE No. T-3937

TAX DECLARATION No. 29097

“A parcel of land (Lot No. 2718 of the Cadastral Survey of Tangub), with theimprovements thereon, situated in the barrio of Bolinsong, Municipality of Bonifacio. Bounded on the N. by lot Nos. 2728 and 2729; on the SE. by Lot 2711; and on the NW., by Lot Nos. 2714 and 2717. Containing an area of Fifty Five Thousand and Seventy Three (55,073) Square meters or 5.5073 has more or less. Assessed at P18,990.00 as per Tax Declaration No. 5576.”

“A parcel of land and all improvements thereon; situated in the barrio of, City of Tangub, Province of Misamis Occidental. Bounded on the North by 060; on the East by 02,026; on the South by 026, and on the West by 060 and barangay road. Containing an area of Two Thousand Three Hundred Seventy Eight (2,378 sq.m.) more or less. Assessed at P19,020.00 per Tax Declaration No. 49008.”

All sealed bids must be submitted to the undersigned on the above stated time, date and place of auction sale. In the event that public auction should not take place on said date or there is only one bidder, it shall be held on October 20, 2017 at the same time & place without further notice. Bidders are enjoined to investigate for themselves any encumbrance on the herein property if any there be. August 22, 2017, at Tangub City, Philippines.

FOR THE EX-OFFICIO SHERIFF:

BY: BWM: Sept. 27, Oct. 4 & 11, 2017

FOR THE EX-OFFICIO SHERIFF:

BY: (Sgd.) WILLIAM C. ARANIEGO Sheriff IV

BWM: Sept. 27, Oct. 4 & 11, 2017

(Sgd.) WILLIAM C. ARANIEGO Sheriff IV

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Rehab... from page 1

directed to push through with the rehabilitation. He s a i d D om i n g u e z pointed out that now is the best time carry it out as Mindanao is experiencing an excess in power supply. “The best time for the rehabi lit at ion of AgusPulangi Power System is when you have a scenario wherein you are not so much dependent on them. Whether you privatize it or not, it’s good to conduct the rehabilitation,” he said. No definite schedule has been given, but the International Financing C orporation, a member o f t h e Wo r l d B a n k G roup, an d c omp an i e s from Japan and Nor way have express ed interest to assist government in rehabilitating the plants, he said. Fuentebella added that the Mindanao Power Corporation bill authored by Zamboanga City Rep. Celso Lobregat has been approved by the Hous e Committee on government enterprise and privatization chaired by North Cotabato Rep Jesus Nonato Sacdalan. But the undersecretary said he doesn’t know when the bill will be brought to the plenary. If it b e c ome s a l aw, the proposed governmentowned power corporation will manage and operate all state-owned power assets of the government. The bill was the response of Mindanao lawmakers to the plan to privatize EXTRA-JUDICIAL PARTITION WITH DEED OF ABSOLUTE SALE Notice is hereby given that the intestate estate of the late JULIA B. GOMEZ, that the said deceased left no debts and no will or testament, but left a property; A PARCEL OF LAND, known as Lot No. 3748-P located in Tawantawan, Initao, Misamis Oriental; containing an area of SIX THOUSAND TWO HUNDRED (6,200) square meters, more or less, and covered by Tax Declaration No. 21-0010-05215 in the name of Julia B. Gomez; The late JULIA B. GOMEZ is the subject of EXTRA-JUDICIAL PARTITION WITH DEED OF ABSOLUTE SALE; is made and entered by and among; NIÑO B. GOMEZ, APOLLO B. GOMEZ, MARIA LOURDES G. SANCHO and SHEILOU G. SANCHO, all of legal ages, Filipino citizens, and residents of Tawantawan, Initao, Misamis Oriental, hereinafter referred to as the VENDORS, and ELVIS D. GALARROZA, also of legal age, Filipino citizen, marries to VIRGIE M. GALARROZA, and a resident of San Pedro, Initao, Misamis Oriental, hereinafter referred to as the VENDEE; That for and in consideration of the sum of Seventy-five Thousand Pesos (Php 75,000.00) to the vendors in hand paid by the vendee, receipt whereof is hereby acknowledged to the full satisfaction of the vendors, the vendors do hereby SELL, TRANSFER and CONVEY and by these presents, have SOLD. TRANSFERRED and CONVEYED unto the said vendee, his heirs and assigns, the above-described parcel of land; Under Notary Public of ATTY. IKE L. ROA; Doc. No. 176; Page 36; Book No. 13; Series of 2017. BWM: October 4, 11 & 18, 2017

the Agus and Pulangi hyd rop owe r c ompl e xe s under the previous administration but it was not passed during the 16th Congress. The Agus and Pulangi hyd rop owe r c ompl e xe s have seven plants – Agus 1, Agus 2, Agus 4, Agus 5, Agus 6, Agus 7, and Pulangi 4. T h e E l e c t r i c Po w e r Industr y Reform Act exclude d Agus-Pu l ang i f ro m pr i v at i z at i o n f o r 10 years from the time it was enacted in 2001. The PSALM then scheduled their privatization to 2017. WESM-Mindanao full operation next year Energy Assistant Secretary Redentor Delola said the Wholesale Electricity Spot MarketMindanao (WESM) has a “ver y high reception” among the electric cooperatives participating in the ongoing trial operations since June 26, 2017. He s ai d t he y ex p e c t full market operation for WESM-Mindanao by second quarter of 2018. “ We d o n o t h a v e problems in the implementation side,” he said. He said they need to complete the tests and finish the price determination methodology that has yet to be approved by the Energy Regulator y Commission by February 2018. The methodology sets

t h e g u i d e l i n e s on h ow prices in the market will be computed, he said. He said Mindanao has an installed capacity of 3,141 MW, but only 2,097 MW is available at present, which is still higher compared to the average demand of 1,707 MW. The Philippine Electricity Market Corporation handled t h e Int e r i m M i n d a n a o Electricity Market before it was suspended in February 2014 due to “system collapse in Mindanao” and the need to “res olve op erat iona l and commercial issues and concerns.” Fuentebella said WESMMindanao is a much faster way to trade power because there is a bidding every five minutes that allows for the trading of electricity, which prioritizes the cheapest mix of renewable and nonrenewable energy. He said WESMMindanao is also necessary to address the oversupply of power in Mindanao since it can be dispatched to areas where there is power lack. He said they hope the National Grid Corporation of the Philippines (NGCP) will complete the VisayasMindanao Interconnection Project by December 2020. According to NGCP’s hydrographic sur vey conducted from September to November 2016, a found the route along the country’s western seaboard – from Cebu to Dipolog – viable

for the implementation of the plans of interconnecting the Visayas and Mindanao grids. The Luzon and Visayas grids have long been c on n e c t e d v i a N G C P ’s Naga–Ormoc High Voltage Direct Current line. New power plants Delola said there is an ongoing construction of more power projects in Mindanao with a combined capacity of 1,289 megawatts. He said they need to continue encouraging power investors to consider coming to Mindanao despite the excess in power supply, as the demand in the island is growing at a rate faster than Luzon’s and Visayas’. Aside from these ongoing power projects, he said DOE reported some 2,500 MW of indicative investments that they hope to see taking shape within 10 years. He said the new power projects entering Mindanao are 50% renewable energy, 48% coal and 2% oil. He acknowledged that making renewable energy as the “baseload”, the power plants that can run 24/7, would come with numerous challenges because of its vulnerability to weather changes. He said the renewable energ y p ower plants in Mindanao are op erated a s “m i d - m e r i t p l a n t s” deployed in supp or t to the baseload power plants during daytime. (Antonio L. Colina IV/MindaNews)

REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT 10th Judicial Region BRANCH 24 Cagayan de Oro City IN THE MATTER OF THE CORRECTION SPEC. OF ENTRIES IN THE CERTIFICATE OF LIVE BIRTH OF LUCKY SALINAY ANOR,

PROC. CASE NO. SP-ORD-2017-176

LUCKY SALINAY ANOR Petitioner, -VersusTHE LOCAL CIVIL REGISTRAR OF CAGAYAN DE ORO CITY, Respondent. ORDER This is an Amended Petition for Correction of Entry in the Certificate of Live Birth of Lucky Salinay Anor, alleging, among others, that petitioner was born in Cagayan de Oro City, on September 08,1997, from parent-spouses Ruel I. Anor and Elenita S. Salinay; that there errors in the entries of her Certificate of Live Birth, to wit: b. First name of Father c. Age of Father d. Date and Place of Marriage of Parents

: Alfredo : 23 : MAY 12, 1997 Camaman-an, Cagayan de Oro City

instead of the following which are true and correct entries:

a. b. c.

First Name of the Father Age of Father Date and Place of Marriage

: Ruel : 19 : No Entry Of Parents

Thus, this petition. This Amended Petition will be called for initial hearing on October 25, 2017, at 8:30 o’clock in the morning, during which the jurisdictional requirements of publication, posting and notice to all persons who have interests which would be affected by this petition, will be proved. At the expense of the Petitioner, let this Order be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the City of Cagayan de Oro, and in the province Of Misamis Oriental. Further, let this order, together with copies of the petition and its annexes; be posted before the initial hearing at the Bulletin Boards of this Court, City Hall of Cagayan de Oro City, Province Capitol of Misamis Oriental, and the Barangay Hall of the barangay where the Petitioner is residing. Any interested person may, within fifteen (15) days from notice hereof, file an Opposition to the Amended Petition. Let a copy each of this Order be furnished to the Petitioner, Atty. Francisco T. Del Castillo, Office of the Solicitor General, and the Local Civil Registrar of Cagayan de Oro City. SO ORDERED. ISSUED this 4th day of August, 2017, at Cagayan de Oro City, Philippines. (SGD.) HENRY B. DAMASING Presiding Judge BWM: Sept. 27, Oct. 4 & 11, 2017

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7Ms to bring prosperity to MSMEs—DTI Filipino micro, small and medium enterprises (MSMEs) can compete locally and globally with the help of the 7Ms strategy of the Department of Trade and Industry (DTI), especially with the country experiencing economic growth. DTI-Regional Operations Group (DTIROG) Assistant Secretary Blesila Lantayona said the 7Ms strategy for Philippine MSME Development, which are mindset, mastery, mentoring, market, money, machines, models, will propel MSMEs to make headway in increasing the competitive market. “The 7Ms strategy of DTI for MSME Development holistically

equips the small business sector to make headway in increasing the competitive market while contributing to the larger cause of sustaining the entrepreneurial revolution,” Lantayona said during the 3rd CALABARZON Regional MSME Development Conference in Antipolo, Rizal. The DTI currently sits as chair of ASEAN 2017 and has hosted a series of high-level meetings among economic ministers of the 10 Member States of ASEAN and the region’s trade partners—the recent of which is the 49th ASEAN Economic Ministers’ (AEM) Meeting and Related Meetings last September 6 to 11. Explaining the 7Ms

strategy, Lantayona said that the strategy will equip even the smallest entrepreneurs to be success and innovation driven as well as proactive in developing their businesses and become better entrepreneurs. “Through the framework of 7Ms, we will empower empower those at the bottom of the pyramid and marginalized sectors with the right mindset and knowhow to be able to move up in life,” Lantayona explained. She also underscored the importance of placing the interest of MSMEs at the center of the ASEAN Economic Community through “sharing of knowledge and experience of how MSMEs can benefits from ASEAN

integration.” MSMEs are integral to the economic development and growth of the ASEAN region as they outnumber large enterprises in both quantity of establishments and share of the labor force they employ. The ASEAN MSMEs comprise the 95-99% of all business establishments, generating between 51% and 97% of employment. Lantayona said that the ASEAN Economic Community is expected to bring benefits to MSMEs as the region’s “integration and its openness to the global economy through the free trade agreements will attract investments from large corporations in ASEAN which provide MSMEs with opportunities DTI/PAGE 11

LEDAC lists SSS Reform Act of 2017 as priority State-run Social Security System (SSS) welcomed the move of the LegislativeExecutive Development Advisory Council (LEDAC) to include the proposal to amend the Social Security Law of 1997 as one of the priority measures for the 17th Congress. “We are thankful to the council for including the SS charter amendment as one of the priority bills for the 17th Congress as we believe here in SSS that the bright future of the pension fund lies in the successful reform of the 20-year old law,” SSS President and Chief Executive Officer Emmanuel F. Dooc said.

In a statement, National Economic and Development Authority (NEDA) said t h e L E DAC E x e c u t i v e Committee recently approved the Common Legislative Agenda (CLA) for the 17th Congress which consisted of 28 priority measures, including the Social Security Act amendments. Of the 28 priority measures, 14 were recommended by the LedacExeCom as urgent to stress the need to pass the law within the year, and 10 were already filed in both houses of Congress and in advanced stages of legislation. The LEDAC is the highest consultative and advisory

body to the President on economic and development matters to integrate the legislative agenda with the national development plan. “We are pleased that the approved CLA responds to what the Philippine Development Plan 20172022 has laid out. In fact, 21 out of the 28 measures are identified as priority legislations in the PDP. This development only shows that the whole of government is moving forward in the same direction,” Socioeconomic Planning Secretary Ernesto M. Pernia said. Pe r n i a a d d e d t hat the Common Legislative Pr i or it i e s of C ong re ss

(consisting of 39 common priorities of both Houses of Congress) and the President’s Legislative Agenda (consisting of 55 proposed legislations) were the bases of the prioritization. The SS Reform Act of 2017 is among the bills that are already in the advanced stage of legislation. The lower house version was passed on third reading and submitted to the Senate for concurrence last January 18. The proposed charter amendments are currently being discussed in several committee hearings of the Government Corporations and Public Enter pris es SSS/PAGE 11

Panitikang Pilipino, Gamit ang malaking Libro By: IRENE L. OMPOC

Ang pagtuturo ay isang uri ng Human language kung saan nagagamit ang pakikipag - usap sa ating kapwa nilalang ay paraan upang magkaunawaan at magkaintindihan( Galilio Galili).Bilang isang guro mahalaga ang pakikipag -usap sa ating mga mag-aaral upang lubos na maintindihan at maunawaan ang ating leksyon,kadalasan hindi ito madaling gawin lalo na kung kulang sa kakayahan at karanasan ang isang guro. Maraming paraan ang ginagamit at ginagawa ng mga guro upang lubos na maunawaan ang bawat leksyon g tatalakayin at maintindihan nang mga mag-aaral sa makabagong henerasyon. Isa sa mga paraan ay ang paggamit ng Instructional Matrials gaya halimbawa ng Malaking Libro ( Big Book).Isa ito sa mga Teaching innovation Practices na ginagamit ng mga guro sa departamento ng Filipinosa Laguindingan National High School para sa taong 2017 -2018. Base sa mga nagawang pagsusuri,ang paggamit ng Malaking libro sa mga mag-aaral ay nakakakuha ng kanilang interest sa pagbabasa ng mga kwento.Mas madali nilang maiintindihan at nauunawan ang mga leksyon kapag nakikita nila ang kanilang binabasa at bago sa kanilang paningin.Hindi karaniwan sa mataas na paaralan ang paggamit ng malaking libro lalo na sa pagbabasa, dahil sa mga makabagong kagamitan na ginagamit ngayon, Ang

ating mga mag-aaral ay naghahanap ng bago sa kanilang nakagawiang pagaaral, kaya naman lubos itong nakatulong at naging makabuluhan dahil sa paggamit ng Malaking libro. Ang Instructional Materials ay ang mga gamitan o resources na ginagamit nang guro upang siya ay tulungan na maihatid nang may kabuluhan at masayang leksyon sa klase. Ito ang mga dahilan kung bakit laging naghahanap nang bagong pamamaraan ang mga guro upang makuha ang interest ng kanyang mag-aaral.Ang mga kagamitan na pagtulong sa pagtuturo ay mabisang paraan upang maihatid ng maayos ang bawat aralin.Ito rin ang nagiging katuwang ng mga guro upang lalo pang maging makabuluhan at kaayaayaang bawat leksyon.Dahil dito naiinganyo nang pumasok ang mga mag-aaral dahil sa excitement sa bawat leksyon na kanilang natutuhan. Ang paggamit ng mga guro sa Malaking Libro sa Laguindingan National High School bilang isa sa mga Instructional materials ay may positibong resulta sa performance ng bawat magaaral nito. Ang bawat magaaral ay may iba’t ibang pangangailangan sa kanilang pag -aaral dapat lang malaman nang guro kung anong dapat na gagawin para makamit ang bawat pangangailangan nang kanyang mga magaaral na may kasiya-siya at makabuluhang leksyon.

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 16, Tangub City

OFFICE OF THE CLERK OF COURT AND EX-OFFICIO SHERIFF

NOTICE OF EXTRA-JUDICIAL SALE EJF – 2017 – 004

NOTICE OF EXTRA-JUDICIAL SALE EJF – 2017 – 008

Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118 filed by Rural Bank of Tangub City Inc. Tangub City against Sps. Tito B. Decina and Eulalia C. Decina to satisfy the mortgage indebtedness which as of August 10, 2017 amounts to Six Hundred Ninety Seven Thousand One Hundred Eleven Pesos and 11/100 only (Php 697,111.11) excluding interest, attorneys fees, and other lawful fees for the service of foreclosure, the undersigned Sheriff will sell at public auction on October 18, 2017 at 10:00 o’clock in the morning or soon thereafter at the office of the Clerk of Court, Regional Trial Court, Br. 16, Tangub City, to the highest bidder in cash, Philippine Currency the herein mortgage property to wit:

Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118 filed by Rural Bank of Tangub City Inc. Tangub City against Ms. Leonida B. Tantan to satisfy the mortgage indebtedness which as of August 10, 2017 amounts to One Hundred Thirty Six Thousand Four Hundred Sixty Two Pesos and 23/100 only (Php 136,462.23) excluding interest, attorneys fees, and other lawful fees for the service of foreclosure, the undersigned Sheriff will sell at public auction on October 18, 2017 at 10:00 o’clock in the morning or soon thereafter at the office of the Clerk of Court, Regional Trial Court, Br. 16, Tangub City, to the highest bidder in cash, Philippine Currency the herein mortgage property to wit:

TAX DECLARATION No. 110286 “A parcel of land (Lot No. 733-Part) and all improvements thereon; situated at Barangay Sta. Cruz, City of Tangub, Province of Misamis Occidental. Bounded on the North by 023, on the South by 023, on the East by 023, and on the West by 023. Containing an area of Two Thousand Four Hundred Fifty (2,450) square meter more or less. Assessed at P70,560.00 per Tax Declaration No. 110286).” All sealed bids must be submitted to the undersigned on the above stated time, date and place of auction sale. In the event that public auction should not take place on said date or there is only one bidder, it shall be held on October 20, 2017 at the same time & place without further notice. Bidders are enjoined to investigate for themselves any encumbrance on the herein property if any there be. August 22, 2017, at Tangub City, Philippines. FOR THE EX-OFFICIO SHERIFF: BY: BWM: Sept. 27, Oct. 4 & 11, 2017

(Sgd.) WILLIAM C. ARANIEGO Sheriff IV

ORIGINAL CERTIFICATE OF TITLE No. P-25224 “A parcel of land Lot No. 1861-D Csd-10-000352 and all improvements t h e r e o n ; situated in the barrio of Silangit, City of Tangub, Province of Misamis Occidental, Island of Mindanao. Bounded on the NW., along line 1-2 by Lot 1861-C, Csd-10-000352; on the NE., along line 2-3 by creek; on the SE., along line 3-4 by Lot 1861-E Csd-10-000352; and on the SW., along line 4-5-1 by Lot 1862, Cad 271. Containing an area of FORTY FIVE THOUSAND and TWO (45,002) Square meter or 4.5002 hectares more or less. Assessed at 19,300 per Tax Declaration No. 43152.” All sealed bids must be submitted to the undersigned on the above stated time, date and place of auction sale. In the event that public auction should not take place on said date or there is only one bidder, it shall be held on October 20, 2017 at the same time & place without further notice. Bidders are enjoined to investigate for themselves any encumbrance on the herein property if any there be. August 22, 2017, at Tangub City, Philippines. FOR THE EX-OFFICIO SHERIFF: BY: BWM: Sept. 27, Oct. 4 & 11, 2017

(Sgd.) WILLIAM C. ARANIEGO Sheriff IV

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

wednesday|october 4, 2017

DTI... from page 8

through the value chain integration.” With the competitive environment of the AEC, MSMEs are prompted to strategically enhance their productivity and address the current issues and challenges that ASEAN MSMEs would face in the next decade, adding that DTI will continue to empower and help MSMEs reap the fruits of the ongoing economic growth by engaging in vibrant entrepreneurial activities.

SSS...

from page 8

(GCPE) committee joint with Labor, Employment and Hu man R e s ou rc e s Development in the Senate. SSS eyes the charter amendment proposal as one of the long-term solutions that will make the pension fund viable and sustainable in the future to further serve its members and pensioners. One of the major provisions of the proposal is the rationalization of the powers, duties and account abi lit ies of t he Social Security Commission (SSC). With the rationalized powers, it will make it easier for the SSC to diversify SSS investments to generate and boost earnings of the pension fund, and to further improve the benefits being disbursed to its members. The bill, when enacted into law, will also allow the Commission to condone penalties on delinquent contributions by employers and employee-members, and to determine appropriate monthly salary credit and contribution tables based on actuarial studies for the stability and viability of the pension fund.

Supply... from page 1

The earthquakes cracked the concrete casings of the underwater pipeline of Rio Verde resulting in leaks and diminished supply to COWD’s take off point. “On Sept 26 1PM we decided to shut down water delivery to COWD to isolate the problem and commission the back-up HDPE pipeline to resume deliveries to COWD. Isolation works on the submarine pipeline completed Sept 27 9AM, and we resumed delivery of bulk water to COWD but only 72% of contracted volume of 40,000 cu.m. daily through the HDPE back-up pipeline,” Hapitan said. “Starting October 1st, flow was increased to 95 percent of contracted volume (38,000 cu.m. daily of the 40,000 cu.m. contracted). In about 3 days from now, we are doing our best to restore the volume to 40,000 cu.m. including the pressure required by COWD,” he added. Hapitan cited how this is only the second time that Rio Verde has had to curtail deliveries of bulk water to COWD due to force majeure, the first being on December 17, 2011 after its pipeline

bridge was swept away by rampaging flood waters brought by Tropical Storm Sendong. “The original design for the pipeline was over the river but our pipe bridge was destroyed by Sendong, so what I did was covert that to a submarine pipe. However, perhaps I failed to foresee there would be two magnitude 5 earthquakes in the area, so today I am trying to design an upgraded submarine pipe capable of resisting up to an Magnitude 8 earthquake. We are budgeting P50-M for this rehabilitation work and it has already started and you can visit the area to inspect,” Hapitan said to the committee members present. “While repairing we are already restoring the full volume with pressure required by COWD using the HPDE back-up line in another 3 days,” he added. Demand already exceeds contracted supply While welcoming Rio Verde’s commitment to resume deliveries of its contracted supply of 40,000 cu.m. at the pressure needed by the water district, COWD GM Rachel Beja qualified that COWD requires both volume and pressure. “Even if we get the volume required but if there is insufficient pressure at the delivery point we will still have problems delivering that water to our furthest service area,” Beja declared. “The pipeline directly below the take-off point is a transmission line which goes directly to our reservoir before it is distributed to our concessionaires. Reservoirs in Bulua and Carmen are at high elevation and if we cannot fill up these reservoirs we cannot attain the necessary pressure to push the water up to furthest end and up to the elevated areas.” “While 40,000 cu.m. is contracted capacity we have issued additional purchase orders to Rio Verde in the last three months of up to 60,000 cu.m. daily because in our current assessment, we need additional volume in our service area. So the 38,000 cu.m. is truly 95% of the contracted volume but not adequate for the our present needs,” she added. Beja clarified that the present consumer demand in the West Service area already requires a daily flow rate of 2,500 cu.m. per hour compared to the 1,500 cu.m. stipulated in its bulk water contract with Rio Verde. Thus, even if Rio Verde already delivered the 40,000 cu.m. daily as stipulated in its present contract with COWD, this would only address 63% of the West Service Area’s present requirements, and not 95% as declared by Hapitan, which was the demand level 10 years ago when Rio Verde started delivering bulk water to COWD. To address the water shortage in the interim, COWD has employed interim measures to mitigate effects of the water supply curtailment like valve adjustments and facilitating water delivery to

affected areas utilizing water tankers from the Bureau of Fire Protection (BFP), Filipino-Chinese Volunteer fire brigades to augment COWD and Rio Verde tankers to deliver water directly to consumers since last week.

Tariffs... from page 1

large taxpayers. “They paid directly to the BIR Large Taxpayers Service which is in the central office,” he said. Meanwhile, Cañete said that the Customs’ increase in collections was due to Ayala Corporation’s import of equipment for its power plant’s ongoing construction in Lanao del Norte. “ T he re w as a l s o an increase in the importation of petroleum products entering the Iligan port,” he added. In its 2017 second quarter report that was released re c e nt l y, t h e Nat i on a l Economic and Development Aut h or it y ( Ne d a ) a l s o reported that 478,314 TEUs of imports that went through the ports in Cagayan de Oro, Iligan and Ozamiz for the same period. There were also 81,720 TEUs for exports from Northern Mindanao that passed through these ports for the same timeline.

Provides... from page 1

nearby cities and provinces of Marawi as livelihood assistance under the Bangon Marawi initiative of the Duterte administration.    These commissaries are on top of the retail spaces that the big malls will offer to Maranao MSMEs.    DTI is partnering with big mall operators to provide spaces in malls for Maranao entrepreneurs.    Lopez also asked mall operators to waive the six months advance payment for Maranao traders and let them pay their rental on a monthly basis. The DTI also launched the Bangon Marawi Product Store at the DTI Building along Gil Puyat Ave., Makati City last Friday.    The B angon Marawi Pro du c t Store fe atu re s Maranao products such as brasswares, wooden furniture, wearables, Maranao woven products, jewelry, fashion accessories, and Maranao native delicacies.    The DTI has partnered with Bangsa Moro Federal Business Council, the Tugaya Local Government, t h e Mu nt i n l u p a L o c a l Government, and Magsaysay Shipping and Logistics for the Bangon Marawi Product Store.    “While our government is working tirelessly to give them respite in the wake of the tragedy afflicting their city, DTI has come up with its own way to help our Mindanao countrymen,” Lopez said.    “Given that the Maranaos are inherently traders, we thought it appropriate to find a way to help them showcase their products and bring them to the mainstream market,”

he added. DTI is part of Bangon Marawi, an inter-agency task force for the recovery, reconstruction, and rehabilitation of Marawi City and other affected localities, following the damages to public infrastructure and private properties due to clashes in the area. (PNA)

Teaches... from page 2

ent repreneurship as an alternative to unemployment and job-seeking. B oth parties aim to develop a business-minded culture t h at w ou l d l e a d t o a n entrepreneurial nation, which will eventually improve the economy. “DA throug h the Agribusiness and Marketing Assistance Division (AMAD) has been providing marketing assistance and linkages to our partners – the farmers. Our partnership with PCE-Go Negosyo thru KAMMP is another outlet to encourage our farmers to engage in entrepreneurial activities, which could help increase their income. It is also our way to promote ag r i c u ltu re as a v i abl e economic activity,” said Lynn A. Pareñas, AMAD Chief. Farming and its related activities make up the basic fabric of rural life, making it a significant contributor to the employment and business opportunities in the region. (Rhea Abao, DA-Caraga/PIA-Caraga)

Cuisine... from page 2

Ten culinary schools and 13 hotels and restaurants participated in this activity. “Our purpose is to gather and showcase the talent, creativity and resourcefulness of our students studying culinary and those working in hotels and restaurants,” DATA President Gatchi Gatchalian said. KusdelSur is the first culinary event of its kind to be held here. G atch a l i an s ai d t he students and professionals compete in a very friendly competition where they can learn. He added that the ultimate objective of the event is to find a unique regional cuisine, which the region can showcase to its visitors. Gatchalian said that cuisine in the region is less popular as compared to other regions, and that he was hoping for the help and support of different stakeholders in addressing this. (PIA/RG Alama)

Conference... from page 3

and green builder. In less than a decade of experience, the company has garnered national and international recognitions including two Best Mixed-use Development in the Philippines at the Inte r n at i on a l Prop e r t y Awards, the Excellence i n D e s i g n for Gre at e r Efficiencies, a global green

certification awarded by the IFC World Bank, to name a few. Do you want to know more about IDC and its advocacies? Please visit us at www.italpinas.com.

Batas... from page 4

been written in the Bible, based on what Jesus said, that the time will come when, as He is returning to earth for the second time, planets and other heavenly bodies will be shaken, with “stars” being hurled to earth in abandon. The Bible did not say it with such definiteness why the planets would be shaken, but what Lincoln wrote for cnn.com could very well provide the explanation. -ooo WAT C H “A N G TA NG I NG DA A N” AT FACEBOOK: “Ang Tanging Daan” is a Bible exposition and pr aye r s e ss i on for everyone, in English and Filipino, 24/7, worldwide, t h at c a n b e v i e w e d at w w w. f a c e b o o k . c o m / angtangingdaan. Please see the video section. Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 16, Tangub City OFFICE OF THE CLERK OF COURT AND EX-OFFICIO SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF – 2017 – 002 Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118 filed by Rural Bank of Tangub City Inc. Tangub City against Sps. Esterlita Arnoza Arroylo and Eduardo Arroylo to satisfy the mortgage indebtedness which as of August 10, 2017 amounts to One Hundred Thirty Three Thousand Seven Hundred Pesos only (Php 133,700.00) excluding interest, attorneys fees, and other lawful fees for the service of foreclosure, the undersigned Sheriff will sell at public auction on October 18, 2017 at 10:00 o’clock in the morning or soon thereafter at the office of the Clerk of Court, Regional Trial Court, Br. 16, Tangub City, to the highest bidder in cash, Philippine Currency the herein mortgage property to wit: TAX DECLARATION No. 8304 “A parcel of land and all improvements thereon; situated in the Poblacion, Municipality of Bonifacio, Province of Misamis Occidental. Bounded on the North by 033, on the East by road, on the South by 031 and on the West by sec. 02. Containing an area of Two Hundred (200) square meter more or less. Assessed at P3,000.00 per Tax Declaration No. 8304.” TRANSFER CERTIFICATE OF TITLE No. T-14231 “A parcel of land Lot 2825 of the cadastral survey of Tangub and all improvements; situated in the barrio of Calolot, Municipality of Bonifacio, Province of Misamis Occidental. Bounded on the NE., by Lot No. 2824; on the E., by Lot 2826; on the SW., by Lot Nos. 2829 & 2830; and on the NW., by Lot 2822. Containing an area of Twelve Thousand Nine Hundred Seventy Six (12,976) Square meters or 1.2976 hectares more or less. Assessed at P11,390.00 per Tax Declaration No. 14479.” All sealed bids must be submitted to the undersigned on the above stated time, date and place of auction sale. In the event that public auction should not take place on said date or there is only one bidder, it shall be held on October 20, 2017 at the same time & place without further notice. Bidders are enjoined to investigate for themselves any encumbrance on the herein property if any there be. August 22, 2017, at Tangub City, Philippines.

FOR THE EX-OFFICIO SHERIFF:

BY: BWM: Sept. 27, Oct. 4 & 11, 2017

(Sgd.) WILLIAM C. ARANIEGO Sheriff IV

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

wednesday|october 4, 2017