BusinessWeek Mindanao (October 6, 2017)

BusinessWeek MINDANAO CREDIBLE

Volume VIII, No. 52

Market Indicators

As of 6:00 pm October 5, 2017 (thursday)

FOREX

PHISIX

US$1 = P51.01

8,294.01

6.7 cents

X

50.04

X

points

Briefly

Trade expo DAVAO City -- The ongoing Mindanao Trade Expo (MTE) at Glorietta Mall in Makati City earned P1 million in sales when it opened on October 2.

This was disclosed by MTE Foundation, Inc. (MTEFI), which brought MTE to the nation’s capital.

MTE is one of Mindanao’s most thriving market encounters, promoting Mindanao products to new local and foreign markets.

A total of 32 exhibitors, including some of Mindanao’s best products and services, are part of the trade exposition.

The Glorietta event, which will run until October 5, signifies another major step for MTE, which is a result of a strengthened partnership between MTEFI and Ayala Malls. The latter offered a wider market for Mindanao products and services.

Consumer Welfare ILIGAN City — At least for this city and the rest of Lanao del Norte, this year’s consumer welfare month celebration will focus on keeping prices stable through consistent monitoring.

This was the message of Department of Trade and Industry (DTI) Provincial Director Ruel Paclipan, as he opened the month-long celebration, highlighting the importance of consumerism on Monday (Oct. 2).

Paclipan noted that despite high demand brought by the influx of evacuees from nearby Marawi City, prices of goods have remained stable in Lanao del Norte.

Still, Paclipan acknowledged that the increased demand for basic goods arising from the ongoing Marawi conflict has also brought in unsafe products from unscrupulous traders.

YOUR Mindanao-wide BUSINESS paper

RELIABLE

IN-DEPTH

Pipelines rehab eyed by end of this month www.businessweekmindanao.com

P15.00

Friday | October 6, 2017

But new crisis looms with terminated bulk water contract

T

By MIKE BAÑOS, Editor-at-Large

HE company supplying bulk water to the Cagayan de Oro City Water District expects to complete repairs on the damaged main transmission line by mid-October and completion of its new back-up main line by end October.

“We expect to complete repairs on our damaged 650mm main transmission line by mid-October and complete construction and

BRIGADA MARAWI. Marawi City Mayor Majul Usman Gamdamra (second from right holding tire) leads the cleanup drive Brigada Marawi on Wednesday to clean the city of debris to pave the way for the eventual return of the residents. mindanews photo by froilan gallardo

Volunteers help clean Marawi

By FROILAN GALLARDO, MindaNews

MARAWI City -- Hundreds of volunteers turned up on Wednesday to clean Barangay Matampay of debris, ISIS

graffiti, and filth from the four months of fighting that devastated this city Marawi Mayor Majul

Usman Gandamra said they are doing this so when almost 200,000 residents who fled will eventually come home, they will find the city already clean. volunteers/PAGE 9

commissioning of our new back-up 650mm transmission line by the end of the month,” said Engr. Joffrey Hapitan, rehab/PAGE 11

Women, children pushed into prostitution due to lack of opportunities

By ANTONIO L COLINA IV, MindaNews

DAVAO City -- Failure to address lack of better economic opportunities has brought up the number of women and children engaged in prostitution in Davao City, the non-government

organization Talikala Inc. said Thursday.

F r o m Ja nu a r y 1 t o October 4, 2017, Talikala Inc. executive director Jeanette Ampog told reporters during lack/PAGE 11

Business as usual for mining firms in Caraga

By ROEL CATOTO, MindaNews

SURIGAO City – It’s been business as usual for all mining companies in the Caraga Region.

This after all of them have exhausted all legal remedies to counter the suspension and closure orders, according to Engr. Roger A. de Dios, the regional director of Mines and Geosciences Bureau (MGB)-Caraga.

Former Environment Secretar y Regina Lopez had suspended 15 mining companies in Caraga mainly for siltation of river and coastal waters and destroying watersheds.

Aside from the suspension order, closure orders were sent to these mining companies, who are extracting nickel ore, shipped mostly to Japan and

China. “ They have f iled an app eal and motion for reconsideration so all of them were not affected,” De Dios said noon Thursday during a press conference held at Philippine Gateway Hotel on the occasion of 4th Caraga Mining Symposium and Safety Competition.

Seven of the Caraga mining firms ordered closed mining/PAGE 9

Hinatuan Island in Surigao del Norte ravaged by mining. The robust mining industry in Caraga region gets reprieve after filing appeals and motions for reconsideration in the suspension and closure orders by then Environment Secretary Gina Lopez. file photo by mindanews

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776

2

DTI Mentor Me Program helps eradicate poverty, says Bambi MISAMIS Oriental -- The Department of Trade and Industry’s Mentor Me Project is one of the best tools to ultimately uproot, if not, trim down poverty as it brings good opportunities to ambitious but hardworking individuals.

Misamis Oriental Governor Bambi Emano said this in his speech during the launching of the program on September 28, 2017, at the Cove Garden Resort in Cugman, Cagayan de Oro. “If we don’t believe in this program, I should not have invited reliable and good speakers in Mentor Me Program, or waste our time and effort just for the sake of the resemblance

that we were able to do it in Misamis Oriental,” the governor added.

According to DTIMisOr Provincial Director Eliza Pabillore, the project is for the smallscale entrepreneurs who may want to enhance or develop their businesses for better income.

“That is the point. We called you to take 12 weeks of developing more of your business. That is why it has always been an honor when I joined projects with DTI especially provincial director Ma. Eliza A. Pabillore, and also to all the staff who made it possible,” Gov. Emano told crowd of businessmenparticipants.

POVERTY/PAGE 11

Economy

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

friday|october 6, 2017

ARMM calls for applications to EU, British Council-funded social enterprise camp

M

ARAWI City -The Department of Trade and Industry of the Autonomous Region in Muslim Mindanao (DTIARMM) in partnership with Strengthening Civil Society Participation in Social Enterprise Education Development (CSO-SEED) is calling for applications for this year’s ‘Local Changes: A Social Enterprise Ideation Camp.’

The camp is open to youth organizations, civil society organizations, cooperatives, community,

or people’s organizations seeking to deepen their social impact in a more sustainable manner through entrepreneurship.

To be held in Davao City on November 5-11, the camp aims at gathering diverse individuals who would like to explore their creative side while offering space to exchange, foster, think, and collaborate about social innovations through social enterprise.

DTI-ARMM Secretary Atty. Anwar Malang said the camp is open to the youth and even to the elderly who

are willing to learn through the project. They must submit a two-minute video, which will explain the impact of their social enterprise idea to the community.

A seed funding of P100,000 and a one-year mentoring support will be given to each generated idea that best fit the contest’s criteria.

Interested applicants may log on to www.britishcouncil. ph.

Completed application forms should be emailed to changemaker@ britishcouncil.org.ph, or can

be submitted through the DTI-ARMM’s office at the ORG Compound, Cotabato City.

Deadline for applications will be on October 21, 2017 and the announcement of the participants will be on October 26, 2017.

CSO-SEED is a project financed by the European Union and co-financed and implemented by the British Council. It encourages individuals to use social enterprise to create visions for a better, secure and more prosperous future. (Bureau of Public Information-ARMM)

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

BreadTalk holds an outreach at the BusinessWeek Mindanao office in Cagayan de Oro City last Wednesday evening as dozens of underprivileged residents flock to taste the delicious bread variants of BreadTalk. photo by mark francisco

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

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

friday|october 6, 2017

3

Motoring

A Century of truck heritage O

Filipino rider qualifies for BMW Motorrad GS Trophy International 2018 For the first time in the BMW Motorrad GS Trophy International history, a Filipino rider will be joining as one of the official members of the Southeast Asian team. Aris Cuevas clinched the top spot in the 2017 GS Trophy Southeast Asia qualifying round, held last September 2, 2017 in Thailand. Along with two other champions rider/PAGE 9

cmyk

BMW Motorrad Southeast Asia Regional Marketing Manager Aline Lorch (left) and BMW Motorrad GS Trophy Southeast Asia Qualifying Round Champion Aris Cuevas (right).

ver the years, Ford trucks have been used by farmers, soldiers, construction workers, racing drivers, and even crocodile catchers. It is this versatility, capability and reliability that has propelled the company to so many decades of sales leadership, as shared in this look back through history.

But these achievements didn’t happen overnight.

What follows is a tale of time, vision, innovation, and the constant quest to deliver trucks that meet and exceed even the greatest expectations.

It was the best of times The year was 1917, and nine years on from the release of the Model T, customer demand was for a vehicle that was tougher and more capable than anything that had gone before. Up stepped the Model TT. Able to haul a payload of one ton, the TT helped change the way the world did work. Originally sold as a chassis only, with buyers supplying their own body, Ford went on to sell almost 1.3 million TTs until it was replaced in

1928 by the Model A and AA pickup, the latter one of the earliest members of the Ford dynasty of pickup trucks.

A few years later, the Ford Motor Company of Australia received a letter from a farmer’s wife asking for a vehicle that she and her husband could take to church on Sundays, but which could also carry a load of pigs to market on Monday. And so came the Ford coupeutility – the ute – in 1934, a vehicle synonymous with Australia, and representative of another key element of the company’s heritage; listening and responding to the needs of the people.

“With vehicles such as the early utes and pickups, Ford began changing the perception of trucks,” says Robert Kreipke, Ford’s Corporate Historian.

“Whereas at one time trucks were considered purely work tools, Ford began to evolve them into a much more balanced vehicle for both work and recreational use.”

“These trucks provided inspiration for the later development of vehicles such as the F-Series and

Ranger, which have been hugely successful across diverse markets all over the world,” said Kreipke.

Around the world in 40 years In the aftermath of World War II, Ford refocused its attention on North American truck design, and 1948 saw the introduction of the company’s first purposebuilt truck platform, and with it the opportunity to greatly increase the capability of Ford vehicles.

The first of this versatile new style of trucks was available in eight sizes, from the halfton capacity F-1 to the three-ton capacity F-8; the birth of the famous F-Series, which has been the best-selling pickup in the United States every year since 1977, and the country’s best-selling vehicle outright for 35 consecutive years.

With each successive generation, Ford has continued to create and add features based on customer needs, with continuous innovation always key to its success.

The Tough that Ford Built In 1976, a copywriter for a Ford truck magazine heritage/PAGE 9

4

Opinion

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

friday|october 6, 2017

Climate Change: Myth vs. Science HOTLINE

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for Corporate Affairs

RUFINO T. MAGBANUA

Vice President for Business Development

Joe felicilda

Vice President for Administration

joe palabao

Vice President for Marketing

NELSON CONSTANTINO Editor-in-Chief

gilbert y. chao Motoring Editor

JUN AYENSA

Regional Editor - Caraga

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

Contributing Editors Legal Counsel CLIFFORD SANTILLAN Layout Artist

ATTY. MARIO T. JUNI

ABEGAIL BAYNOSA Sandra encoY

Juni Law Office Cruz Taal St., CDO Legal Counsel

Cell No: 09352379999

Advertising

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

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

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

Member: Philippine Press Institute Oro Chamber

Battling Boredom think a minute

jhan tiafau hurst Think a minute…Did you ever really want something, like a promotion or new job, a good education, or a new house?

But then after you got it, it got old and didn’t give you the satisfaction you expected.

It wasn’t what you thought it would be, so you’re left still wanting something more.

You’re bored and restless. And you wonder: “Is this really all there is to look forward to? Is this all I can expect in life?”

When you’re bored and unsatisfied there’s nothing in life that’s really worth your full energy and time. No challenge.

No real purpose or passion for living. Nothing really excites you or turns you on anymore.

“It takes more and more to get less and less.”

Well, guess what? You’re normal! We human beings were made for such a high level of living and productivity that

it’s easy for us to get bored.

And no one knows it better than our Maker Himself. That’s why He gives us expectations and challenges that will push us to reach our full potential.

Animals can be satisfied just to eat, sleep, run around a little, and call that successful living. But we humans can’t do that. We were made for much more.

This is why Jesus Christ says we can only find a full life when we give it away—by loving Him and others. We were created to give and make a difference in the world with our own unique abilities and personality. That’s the only way we can ever be truly happy and satisfied. So it’s only logical that your Maker is the One Who can show you how to find and fill your special place in this world. He’s the One Who can give you something to do in life that’s worth your time and abilities. Something that will make a difference in the lives of people around you.

Are you fully satisfied with your life? Do you really love how you’re living? Today, why not ask Jesus to take full control of your life every day?

He can give you a purpose and passion for living that will enable you to win your battle with boredom. Just Think a Minute…

Ruffy magbanua PREPARATORY to the conduct of Climate Change Reality Training Corps in Pittsburgh on October17-22, 2017, I have done a thorough research on Climate Change worth sharing. It yielded these revealing summary of global warming and climate change myths versus what science says.

Myth: Climate changed before. Science: Climate reacts to whatever forces it to change at the time, humans are now the dominant forces.

It’s the sun. In the last 35

years of global warming, sun and climate have been going in opposite directions.

It’s not bad. Negative impacts of global warming on agriculture, health and environment far outweigh any positives.

There is no consensus.

97 percent of climate experts agree humans are causing global warming.

Temp erature re cord is unreliable. The warming trend is the same in rural and urban areas, measured by thermometers and satellites.

Animals and plants can adapt. Global warming will cause mass extinctions of species that cannot adapt on short time scales.

Hurricanes are not linked to global warming. There is increasing evidence that hurricanes are getting stronger due to global warming.

Al Gore got it wrong. Al Gore’s book is quite accurate, and far more accurate than

contrarian books.

Glaciers are growing. Most glaciers are retreating, posing a serious problem for millions who rely on glaciers for water.

Scientists cannot even predict weather. Weather and climate are different, climate predictions do not need weather detail.

Clouds provide negative feedback. Evidence is building that net cloud feedback is likely positive and unlikely to be strongly negative.

Sea level rise predictions are exaggerated. Sea level rise is now increasing faster than predicted due to unexpectedly rapid ice melting.

It is the ocean. Oceans are warming and moreover are becoming more acidic, threatening the food chain.

Corals are resilient to bleaching. Globally about one percent of corals is dying each year.

Volcanoes emit more CO2 than humans. Humans emit 100

times more CO2 than volcanoes.

500 Scientists refute the consensus. Around 97 percent of climate experts agree that humans are causing global warming.

CO2 is not the only driver of climate. Theory, models and direct measurement confirm CO2 is currently the main driver of climate change.

Renewable energy is too expensive. When we account for the costs associated with burning coal and other fossil fuels, like air pollution and health effects, in reality they are significantly more expensive than most renewable energy sources.

Extreme weather is not caused by global warming.

Extreme weather events are being made more frequent and worse by global warming.

Sea level rise is exaggerated. A variety of different measurements find steadily rising sea levels over the past century. (ruffy44_ ph2000@yahoo.com)

Collatilla in the law postponing barangay, SK, polls Kakampi mo ang batas

Batas Mauricio LIFE’S INSPIRATIONS: “…`and the planets and the heavenly bodies will be shaken’…” (Jesus, our God and Savior, in Matthew 24:29, the Holy Bible).

-ooo WHY DID THE LAS VEGAS SHOOTER SEND D OLLARS TO RP? For us Filipinos, suspense is tightening on the massacre

of concert-goers in Las Vegas, Nevada, USA, as a result of reports that have been coming out from newspapers and online Internet media.

Based on these reports, Stephen Paddock, 64, the person who is being pointed to as the gunman who killed 58 people and wounded about 500 0thers during an openair concert at the grounds of the Mandala Bay Hotel in Las Vegas, was reported to have remitted thousands of dollars to the Philippines days before the shooting.

Here are some questions about this: to whom in the Philippines did Paddock send the dollars? What was the reason why he sent such a huge sum of money to the Philippines? And where did he get that money? Why was the woman reputed to

be his roommate, Marilou Danley, in the Philippines when Paddock staged the shooting?

-ooo COLLATILLA IN THE L AW P O S T P O N I N G BARANGAY, SK, POLLS: Now that President Duterte s i g n e d t h e l aw w h i c h postponed the barangay and sangguniang kabataan (SK) elections from October 23, 2017 to the second Monday of May 2018, it should be made clear to the incumbents that the law gave them the right to continue staying in their positions, in a hold-over capacity, until the elections in May 2018.

But then, the incumbents must also realize that under Republic Act 10952, the law that postponed the polls, lawmakers put in some sort

of a collatilla which provides that current barangay and SK officials can remain in their posts except when they are suspended or removed from office in the meantime, pursuant to existing processes.

What are the existing processes regarding suspension or dismissal from the service of barangay and SK officials? These are provided for under Sections 60-68 of the Local Government Code of 1991, or Republic Act 70671, as amended. It would be beneficial for all if these parts of the law are fully understood by them, so they uphold their rights.

-ooo T H E SHA K I N G O F PLANETS AND OTHER BODIES IN THE SKY, AS PREDICTED IN THE BIBLE, batas/PAGE 9

From self-denial to self-fulfillment hints and traces

roy cimagala The s ecret is to follow Christ. He himself said so.

“If you want to follow me, deny yourself, carr y the cross and follow me.” (Mt 16,24) We need to be most familiar with this very useful formula in our life and try our best to live by it.

The self-denial asked

by Christ is not of the kind that leads us to our selfannihilation. Far from it.

It will rather lead us to our self-fulfillment. It is asking that instead of our own selves, we should have Christ as the center of our attention always, the very

core and substance of our consciousness. We need, of course, to exercise our faith to live by this divine indication.

And the reason is simple.

Christ is the very pattern of our humanity in its original state and the redeemer of our damaged humanity. It’s him in whom we can have our ultimate fulfillment, our true and lasting joy and peace. That’s why Christ said he is “the way, the truth and the life” for us.

We cannot go to God, our Father and creator, except through him.

We have to be wary of certain ideologies, cultures and lifestyles that tend to replace Christ as the cause of our self-fulfillment. Sad to say, these appear to be proliferating these days. We have to learn to do battle with them.

The self-denial asked

by Christ will obviously require a lot of effort and sacrifice. That’s because we have to contend with

our tremendous tendency to stick to our own selvesour own ideas, desires, ambitions, etc. B esides, this tendency is constantly reinforced now by the many allurements of the world, not to mention, the tricks and wiles of the devil himself.

But again, we can be sure that all this effort and sacrifice is all worth it. We need to do everything to wean ourselves from our own selves and start to rely on Christ completely. That absolute reliance on Christ does not annihilate us. It will simply bring us to our most perfect and ideal state.

We should have no doubts or qualms in pursuing that ideal.

With Christ, we would know how to use our powers and faculties properly. We would have a clear idea of the real and ultimate purpose of our life here on earth. With him, we somehow would know how to cope with all the possible situations we can have here,

including our problems, mistakes, and failures.

The self-denial asked

by Christ does not remove our involvement and engagement in our earthly and temporal affairs. It simply puts them in the right context and the right direction. We cannot deny that especially these days, we are exposed to many and complicated distracting elements which we have to learn to handle.

The self-denial asked

by Christ frees us from unnecessar y baggage. It improves our vision and understanding of things, and predisposes our heart to the real love which can only be a sharing in God’s love and, therefore, our true fulfillment.

We therefore should not have superfluous things, creating needs that are really not needs, and thereby generating attachments that can be a hindrance in one’s relation with God and with others. roycimagala@gmail.com

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

friday|october 6, 2017

CorporateWorld

SSS to increase monthly contributions by 1.5%

T

HE Social Security System aims to start raising by 2018 the monthly contribution rate of its members by at least 1.5% a month.

The rate increase translates to about P150 for those earning P10,000 a month, to as much as P740 for those earning double.

Here’s the computation for the additional monthly contribution per salary level: • P10,000 = P150 • P16,000 = P240 • P17,000 = P365 • P18,000 = P490 • P19,000 = P615 • P20,000 = P740 The pension fund initially planned to implement the rate increase in May 2017 but deferred the move in order to wait for the passage of the tax reform bill to cushion the impact.

The rate increase came in the wake of President Duterte’s order raising the monthly pension

by P2,000 — for which the SSS already started disbursing the additional

P1,000 last March, with the balance to follow before Duterte’s term ends by 2022.

SSS President and CEO Emmanuel Dooc said the pension agency’s goal in increasing the contributions is to bulk up the funds from which members can draw larger pensions when they retire.

“Ito ay isasabay namin pagkatapos na maipasa ang tax teform bil na magbibigay ng tax relief sa mga empleyado [We will time this rate hike move with the passage of the tax reform bill, that is expected to give workers some tax relief ],” Dooc said.

SSS said they aim to increase the contribution rate from 11% to 17% in at least five years through annual increases.

“Sa kabuuan, ang hinahabol namin ay madagdagan ang kontribusyon ng anim na bahagdan o 6% sa kabuuan. ‘Yan ay maaring umabot sa lima o anim na taon na pagpapatupad [Overall, we’re aiming to hike contributions by 6%.

That will take some five or six years to attain].”

SSS is also expecting to increase its revenues once the Senate bill amending its charter is passed.

Among the key provisions of this is mandatory membership for all OFWs. But at Tuesday’s Senate hearing, concerns were raised that mandating SSS membership for migrant workers may force some of their employers to cancel their existing social security plan in their country of work.

Sen. Richard Gordon, who chairs the committee on government corporations and public enterprises, said, “We need to research on other countries that have these provisions, which countries are getting SSS

from our people. We need to know how far we can go and what authority they will have in the law that they can now negotiate.”

The amended charter will also enable SSS to diversify its investments, which right now are largely restricted to government securities.

“This law amending our charter will give us expanded powers to put funds into more investments, such as overseas investments which we’re not into at the moment,” according to Dooc.

“It may provide us diversification, it may also provide us better returns.

[We have the] option to improve the yield from our investments,” he added. increase/PAGE 9

5

Cebu-based AMTC eyes more ASEAN connections CEBU-BASED shipping firm Asian Marine Transport Corp. (AMTC) is looking to take advantage of the optimism on the logistics sector by establishing more connections between the Philippines and countries in the Association of Southeast Asian Nations (ASEAN) region.

AMTC Chief Executive Officer Paul Rodriguez said they are eyeing to introduce routes to Vietnam and Thailand in the coming years.

“We’re looking at connecting Vietnam and Thailand in the coming years. In about a year or two, it depends now on how the ASEAN would also welcome us to connect. But we are very bullish that they are also equally excited to have a direct connection with ASEAN countries,” Mr. Rodriguez told BusinessWorld last month at the sidelines of the

ASEAN Business Awards where the company won the Priority Integration Logistics Sector Award.

So far, Mr. Rodriguez said they have already started negotiations with Vietnam, noting talks have been “very promising.”

“It’s really sustainable because there’s really a big traffic. It’s just a matter of connecting this, we’re quite optimistic that this will happen very soon,” the executive said.

Incorporated in 1999, AMTC owns and operates the Super Shuttle Ferry, Super Shuttle Roro, and Shuttle Fast Ferry vessels.

According to its Web site, the company has an estimated nationwide market share of 35% for containerized cargoes and 80% for rolling cargo.

The company was the first to use the Batangas port as its hub in 2010. Todate, the company employs a total of 1,080 people, amtc/PAGE 9

Concert for indie cinema THE National Commission for Culture and the Arts (NCCA), 9000 and Imoortals Production will hold an alternative concert for a cause at 99 Ranch along

Tomas Saco St. today.

Well known alternative groups from Cagayan de Oro will headline the show such as Mouthy, KRNA, Annalogue, Calypso, Past Time

Activity, Queen Atia, S.3x, Potbelly, Honesty Island and Year of the McNeroy. At only P50, the audience will help fund the post-production of Cagayan de Oro’s first

full-length feature film Markado: Bakunawa sa Duha ka Managlahing Takna as directed by indie filmmaker Joe Bacus.

Gate opens at 9:00 p.m.

MARK FRANCISCO

94.3 WILD ZEE ANNIVERSARY

DANCE SHOWDOWN & RAVE PARTY

OCTOBER 7, 2017 | ROTUNDA CIRCLE

MEDIA PARTNERS:

Feature 6 Exploring Misamis Oriental on the 10th Scott Kelby Worldwide Photowalk N Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

friday|october 6, 2017

ow on its 10th year which was started by the American Photographer, Designer, and Author himself Scott Kelby, the Scott Kelby Worldwide Photo Walk has grown immensely in size and popularity since the inaugural walk in 2007. Last year, over 196 countries, and 4,416 cities with a total of approximately 25,000 photographers

participated the 9th Scott Kelby Worldwide Photowalk exploring the corners of the world through photography and social community.

In Cagayan de OroNorthern Mindanao Leg, there were 58 hobbyists, students, and professionals who converged the annual event.

This year, Cagayan de Oro located in the Northern part of

Mindanao, Philippines will once again join the world’s most anticipated global and social photography event, the 10th Scott Kelby Worldwide Photo Walk happening on October 07, 2017 together with thousands of cities all over the world. The Cagayan de Oro-Northern Mindanao Leg will be led by Clement Dampal II, a CDO-based Diversified Lensman, who also happened to be the Official Photo Walk

Leader last 2015, and 2016 editions. Additionally, the Cagayan de Oro Northern Mindanao Leg is in cooperation with the Camera Club of Cagayan de Oro. In this Leg, the Photo Walk aims to promote Cagayan de Oro City and explore some parts of the Province of Misamis Oriental from heritage to tourism, the people’s daily activity, infrastructure to growth, culture and the arts, wherein the viewers will have a bigger view of the endless possibilities of fun to experience. This will also give the participants an opportunity to actively engage in social events promoting the quality of life. Assembly time will be at the Provincial Capitol Grounds from 06:00 in the morning. The group then will be welcomed by the Governor himself Yevgeny “Bambi” Emano before the photowalk officially starts at 7 in the morning on the said date.

By 3 in the afternoon, the photowalkers will be joining the exclusive Photography Lecture and Seminar at the Apple Tree Resort and Hotel (The Premier Resort Hotel in Metro Cagayan de Oro) conducted by renowned Photographers in the Region. Then, a special photo session will follow after the talks with the special participation of Cagayan de Oro Talent Center (CDOTC) by Mr Gabby Bacarro. * STREET PHOTOGRAPHY (Life on Street) - SPEAKER: Gian James Maagad

- Street Photographer

- Member: Litratista sa DAAN

- Influencer: Fujifilm Philippines

- Member: Cagayan de Oro Camera Club

* UNDERWATER PHOTOGRAPHY (Beneath the Waves) - SPEAKER: Fra-and Quimpo

- Marine Biologist

- PADI Dive Instructor

- 3x Dive Resort and Travel Expo Philippines 100 Best Underwater Photographers of the

Philippines.

- Sea Turtle Specialist * BIRD WATCHING/ PHOTOGRAPHY (Above the Sky) - SPEAKER: Marlon Lapuz

- 28 Years as Photohobbyist, started 1989 using SLR-analog Nikon system.

- Member: Oro Photographic Society (OPS) 1990-1998.

- Founding Member: Kagayhaan Kamera Klub (K3) 2000-2005.

- Org Member: Wild Bird Photographers of the Philippines, Inc. (WBPP) 2016- present.

- Founding Member and President (Incumbent): Mindanao Avian Photographic Society (MAPS)

2016-present.

- Photo Walker Leader: 5th and 6th Scott Kelby Worldwide Photowalk 2012-2013.

Aside of the Photowalk, registered participants of the Cagayan de OroNorthern Mindanao Leg led by Mr Dampal, will automatically join the Local Photography competition which was introduced by himself last 2015, and have the chance to win exciting prizes from the sponsors. Additionally, each participants will have the opportunity to showcase there submitted photos to a photo exhibit at the Centrio Mall- Ayala, and Gaisano City Mall.

Registered photographers joining

the CDO-Northern Mindanao Leg photowalk are requested to bring the following: -Digital Single Lens Reflex/Translucent cameras, and/or Mirrorless Interchangeable Lens cameras -Point-and-Shoot camera owners are also welcome to join -A good tripod -Extra shirt -Bottled water -Pocket money In addition to the event, photo walkers will be able to upload their favorite picture to the popular Global Photo Walk contest for a chance to win a 1-year membership to www. kelbyone.com, a DSLR, gift cards, apps, camera bags and more. We will also name a Grand Prize winner and 10 finalists to be selected by Scott Kelby himself !

The event is free, but pre-registration is required and is limited to 50 participants only. Register at: http:// worldwidephotowalk.com/ walk/cagayan-de-oronorthern-mindanao-leg/ Additionally, participants can connect socially before, during and after the event using the hashtag #WWPW2017 hash tag on Twitter, Facebook and Instagram.

About KelbyOne: Formerly The National Association of Photoshop Professionals (NAPP) and KelbyTraining.com, KelbyOne is the leading resource for online creative education worldwide. For more information, please visit www.kelbyone.com.

About Clement Dampal II: A Self-taught Diversified Lensman based in Cagayan de Oro, Northern Mindanao, Philippines who owns photowalk/PAGE 9

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

friday|october 6, 2017

WB lowers PH growth forecast

T

HE World Bank has lowered its economic growth forecast for the Philippines, owing to lower public spending by the national government.

Based on World Bank’s East Asia and Pacific Economic Update report released on Wednesday, the Washington-based institution projected that the country’s gross domestic product (GDP) may grow by 6.6 percent this year, slower than its earlier forecast of 6.8 percent.

Along with this year’s slower economic

7

Banking&Finance

expansion estimate, the World Bank also revised downwards its 2018 GDP projection from 6.9 percent to 6.7 percent.

This is the second time the Philippines’ economic growth forecasts were revised by the World Bank this year.

Last April, the bank had originally projected that the country’s economy may grow by 6.9 percent in 2017.

Nevertheless, World Bank’s latest economic growth projection is within the government’s target range of 6.5 percent to 7.5 percent. For next

year and 2019, the Duterte administration set a GDP assumption of 7 percent to 8 percent.

“The delay in the anticipated push of the planned government infrastructure program has been contributing to the moderation of fixed capital formation growth, softening the growth prospect for the year,” the World Bank report stated.

“However, the medium-term growth outlook remains positive, and is expected to be anchored in growth in the Philippines’ main trading partners which would

lead to higher external demand,” the bank noted.

The country’s imports are also seen to remain elevated in the medium-term due to necessary imports of intermediate and capital goods, including for the infrastructure program, the World Bank said, noting the Philippine GDP may grow by 6.7 percent in 2019.

“As the public infrastructure program gains traction, capital outlays and construction activities are expected to rise,” World Bank said. forecast/PAGE 9

OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274

METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057

ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893

METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162

BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075

METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721

BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637

METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924

BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796

METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731

BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405

METRO BANK- GAISANO 8561720

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518

Cagayan de Oro Disaster Risk Reduction and Management department (CDRRMD) rescuers carry trapped student to safety and for treatment during an earthquake drill at the Sacred Heart of Jesus Montessori School (SHJMS) in Cagayan de Oro City. (rodolfo d. mendoza / pia 10)

BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641

PH to issue Panda bonds

by November NATIONAL Treasurer Rosalia de Leon said Tuesday the government is focused on issuing its first renminbi-denominated Panda bond this year and is discounting any plan to issue other debt instruments overseas.

“For now, we’re really working on the Panda market. We’re not coupling it with any Dimsum issuance,” she said.

Panda bond is a renminbi-denominated debt paper issued by a non-Chinese issuer in China.

Finance officials said the Philippine government is just awaiting regulatory approval from Chinese authorities for the planned Panda bond issuance around November.

The government is considering the issuance of bonds/PAGE 9

BSP: Tax reforms won’t require policy response THE Philippines’ plan to overhaul its tax system will only have a modest inflationary impact and will not need a monetary policy response, said the central bank governor, who also brushed off a sharp decline in the peso currency in an upbeat message on the economy.

“Any moderate, shortlived inflationary impact of (the tax reform) need not be responded to by monetary policy,” Bangko Sentral ng Pilipinas Nestor Espenilla told Reuters in an interview on Wednesday for the Global Markets Forum.

The tax reforms are crucial to President Rodrigo Duterte’s ambitious plans to foster higher, sustainable growth through his $180 billion “Build, Build, Build”

infrastructure campaign.

The measures were approved by the lower house of Congress in May, but have yet to be endorsed by the Senate.

If implemented next year, the tax reforms should only lift consumer prices by less than half a percentage point and the impact will diminish from 2019 onwards, Espenilla said.

The Philippines has kept its key interest rates unchanged since raising them by 25 basis points in September 2014 as inflation remained tame despite robust growth making it one of Asia’s strongest performing economies this year.

Espenilla, who took the helm at the central bank in July, also said any cuts in the banks’

reserve requirement will be “measured” and “calculated” and that authorities are looking at developing the debt market by creating “longer-dated instruments to support infrastructure programs.”

“It can also absorb liquidity that will be released with the lowering of the reserve requirement,” he said.

The central bank has flagged a plan to eventually reduce the amount that banks need to park with the central bank, currently at 20 percent and one of the highest in the region, as it reduces its reliance on this tool to manage liquidity.

Commenting on the peso, which has sunk to 11-year lows making it reforms/PAGE 9

CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 PLANTERS DEVELOPMENT BANK

Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081

SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632

EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331

STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168

ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO

Capistrano Corner CruzTaal St. CDO 8524099/722695

UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242

8

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

friday|october 6, 2017

When you’re in Davao City, Read:

Cebu Pacific invests in DPLs for Persons with Reduced Mobility

HOTELS & RESORTS DIRECTORIES

VILLA MARGARITA HOTEL J. P Laurel Avenue, Bajada, Davao City, Philippines Tel. No.: (082) 221-5674 / Fax No. (082) 226-2968 MICROTEL

By Wyndham Davao Damosa Gateway Complex Angliongto Rd., Lanang Davao City 8000, Philippines Tel +63 82 233 2333 / Mobile +63 917 795 3548 www.microtelphilippines.com PINNACLE HOTEL Sta. Ana Avenue, Davao City.

No. (082) 300-5885 Telefax: 300-1881/ 221-3025 Website: www.thepinnaclehotel.com ALU HOTEL M. Roxas Avenue corner Padre Faura Street, Davao City.

Tel No (63 82) 221-5232 / Mobile (O943) 652 3927 Email: aluhoteldavao@yahoo.com info@alu-hotel.com / www.alu-hotel.com GRAND REGAL Km 7 Lanang, Davao City, Philippines Tel. 235-0888 / Fax 235-2335 email: grandregalhotelegmail.com

VIAJEROS ECONOMY HOTEL Patnubay St., Sandawa, Matina, D.C Tel. No. 297-5710 / Telefax (6382) 298-5134 Mobile: 0922.-8268425 Website: www.viajeroseconomyinn.com

ROYAL MANDAYA HOTEL J.Palma Gil St., Davao City 8000 Phils.

Tel. No. (082) 225-8888 / fax No. (082) 225-1885 info@theroyalrmandayahotel.com www.theroyalmandayahotel.com HOMITORI Bangoy Street corner Santa Ana Avenue, Davao City Tel. No. (082) 295-2969 & 295-2471 / Mobile: (0922) 8994646 Email: homitoridvo@gmail.com or Like us on www.facebook.com/pages/Homitori-Davao BIG APPLE HOTEL Brgy. Angliongto, Lanang, D.C. Hotline Nos.: (082) 234-8459 Facebook account: bigapplehotel@ymail.com Email: bigapple_hotel@ymail.com

THE PERIDOT SUITES Carmelite Drive, Lanang, Davao City Tel. no.: (082) 305-6530 / Fax no.: (082) 305-38I2 Email: theperidotsuiles@gmail.com AZIENDA MEO APARTELLE 11 Corner Pioneer and Doña Vicenta Village, Phase 1, Davao City Telefax. No: (082) 227-4119 & 284-6689 Cell Phone No. 09256652626 Website: www.aziendameo.com Email Add: aziendameo@yahoo.com.ph Big 8 Corporate Hotel Visayan Village, National Highway, Tagum City Mobile nos. 09173029063 & 09328539372 Tel. No.: (084)216-0888 Email: info@big8corporatehotel.com www.facebook.com/big8corporatehotel.com www.big8corporatehotel.com HOTEL ELENA Avenida Santos Ave., Nova Tierra Vill, Lanang, D.C Tel. Nos. (082) 233-1941 & 305.8799 / fax No. (082) 233-1887 PARADISE ISLAND Tel. No. (082) 233-0251 & 300-2343 / CP No.: 09209546780 E-mail: paradiseislanddavao@gmail.com MARCO POLO DAVAO C.M Recto St., Davao City davao@marcopolohotels.com www.marcopolohotels.com (63 82) 221-0888 HOTEL ESSE Brgy. 9-A F Torres Street, Davao City Hotline: No: 227-37-73 / Fax: 295-34-85 Website: www.hotelessedavao.com.ph Email Add: hotel_esse_davao@yahoo.com RUEMANGO APARTELLE & SUITES 516 Mangga St., Juna Subd., Matina, Davao City ruemangoapartelleandsuites@gmail.com www.ruemango.com Tel. Nos.: (082) 295-7175/ 295-7180

Cebu Pacific is the first airline to provide persons with reduced mobility a dignified way to board and deplane its aircraft with free use of disabled person lift. photo supplied

T

he Philippines’ leading carrier, Cebu Pacific (PSE: CEB), is set to rollout Disabled Passenger Lifts (DPLs) in key airports nationwide.

The DPLs would allow Persons with Reduced Mobility (PRMs) an easier and more comfortable boarding experience on Cebu Pacific flights.

CEB is the first airline to invest in its own DPLs, in line with its thrust to improve passenger experience.

Although CEB has invested over PHP100 Million for the procurement and installation of 35 brand-new DPLs, they are available free of charge for Cebu Pacific passengers with reduced mobility. Aside from PWDs, these include pregnant and elderly passengers who may have difficulty climbing stairs to board their flights.

The first DPL was installed at the Ninoy Aquino International Airport Terminal 3 in March 2017 for testing and evaluation. Since July 2017, the DPL has been used to lift PWDs, pregnant and elderly passengers on a limited number of CEB flights.

Michael Ivan Shau, Vice President for Airport Services of Cebu Pacific, said the rest of the DPL units would be deployed starting 2018. Six more units would be placed at the NAIA Terminal 3, with the rest to other CEB hubs across the country: Clark, Kalibo, Iloilo, Cebu and Davao; as well as high-traffic airports across the country where CEB operates flight using Airbus aircraft. Target completion is by June 2018.

“We are looking at initiatives to improve the passenger experience for every Juan. For our PWD passengers and those with reduced mobility, we recognize that the experience of being lifted manually can be uncomfortable. Investing in the DPLs will allow us to board and deplane passengers with reduced mobility safely, with minimal discomfort,” said Shau.

In 2016 alone, over 43,000 passengers availed of wheelchair assistance from the check-in counter. Of this number, more than 14,000 were wheeled from the check-in counter and carried

to their seats in the aircraft.

The DPL was introduced in 1998 by international aircraft service provider Airport Maintenance Services– Ground Service Equipment to give airports a safe, comfortable and dignified way to get PRMs on and off aircraft. The DPL allows PRMs, as well as their companions or service agents to board the aircraft or deplane via the aircraft door designated by the airlines. To date, at least 500 DPLs are being used worldwide.

For PWDs and other PRMs who need wheelchair assistance, they simply need to tick the box indicating this requirement upon booking their flights.

Cebu Pacific has also implemented recently the 20% discount on base fares and 12% value-added tax (VAT) exemption for all domestic flights for PWDs and senior citizens across all its booking channels.

CEB has also integrated the domestic terminal fees into CEB ticket costs—all aimed at providing guests with a more convenient and hassle-free flight experience.

5th National Letter Writing Day at SM In celebration of World Post Day, the Philippine Postal Corporation (Phlpost) in partnership with SM Supermalls will hold the 5th National Letter Writing Day across selected SM malls nationwide on October 9, 2017.

Venues of the simultaneous activity include SM North Edsa, SM City Cabanatuan, SM City Tarlac, SM City San Pablo, SM Seaside, SM City Iloilo, SM City Davao and SM City Cagayan de Oro.

The event encourages young people to speak their minds, using their imagination and views on the world to envision a positive change through letter writing. The activity will also be a perfect venue for students to sharpen their skills in composition and find the perfect participant to represent the country in the international letter writing competition in Switzerland.

This year’s theme for the 46th Universal Postal

Union International Letter Writing Contest is “Imagine you are an advisor to the new UN Secretary-General which world issue would you help him tackle first and how would you advise him to solve it?”

The topic was chosen to celebrate the election of the new UN Secretary-General, António Guterres, who took his oath of office recently. He is a Portuguese politician and diplomat who is serving as the ninth

Secretary-General of the United Nations.

About 150 countries will commemorate World Post Day (WPD) on October 9 with activities promoting letter writing as well as stamp collecting to students.

Philippine Postal Corporation has come up with an innovative idea to bring letter writing in shopping malls where students can converge and express their thoughts and ideas through the art of letter writing.

9

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

friday|october 6, 2017

Volunteers... from page 1

“We want to erase any traces of the fighting. We want the residents to come home to a city that is clean,” Gandamra said.

He said the Brigada Marawi they initiated will also clean six other barangays in the western portion of the city that is already considered cleared by the military and police.

The volunteers swarmed on the streets of Barangay Matampay clearing the streets of old tires, blocks of wood and other debris.

Army officers warned them not to touch boxes and not to enter houses and buildings.

A day before, Col. Romeo Brawner, deputy commander of Task Force Ranao, said a total of nine improvised explosive devices (IEDs) and 18 blasting caps were found in one of the houses in Barangay Matampay.

“It was ready to go. We had to destroy it immediately,” Brawner said.

School teacher Casema Sone was elated that she finally was able to see her house in Barangay Matampay after more than four months.

He r h a p p i n e s s w a s however cut short when military soldiers told her she cannot go inside or approach her two-storey wooden house because they have yet to clear it.

“I do not know if my refrigerator, sala set and the clothes of children are still there,” Sone said as she looked into her house from the roadside.

Another school teacher, Cairon Bula, led her fellow teachers in cleaning up the entrance of their school Hadji Saripa Elementary School.

They too cannot enter their school because the military forbids them for fear there are still IEDs left behind by the ISIS-Maute gunmen.

Brawner said the soldiers have cl e are d B ar ang ay Matampay of ISIS-Maute gunmen in June but have yet to clear the school and houses of hidden explosives.

Mining... from page 1

are operating in Dinagat Islands, four in Surigao del Norte, and three in Surigao del Sur. The seven companies ordered closed in Dinagat Islands, which has been a mineral reservation area since 1939, are AAMPhil Natural Resources Exploration, Kromico Inc., Libjo Mining Corporation, Oriental Synergy Mining Corporation, Oriental Vision Mining Philippines Corp., SinoSteel Philippines H.Y. Mining Corporation, and Wellex Mining Corporation.

Five of seven mining companies operating in Surigao del Norte are up for closure – ADNAMA Mining Resources Corp., Claver Mineral Development Corp., Platinum Group Metals Corp, Hinatuan Mining Corp., and Claver Mineral Development

Corporation.

The three mining companies in Surigao del Sur in the list are CTP Construction and Mining Corp., Carrascal Nickel Corp., and Marcventures Mining and Development Corp.

Last February 22, De Dios suspended Century Peak Corporation (CPC), a “recidivist” mining company in Dinagat for s e vera l violations, bringing the total to 16 mining companies. CPC engaged in extracting nickel ore in the town of Loreto.

Lopez, who was rejected by the C ommission on Appointment (CA) last May 3, was replaced by former Armed Forces of the Philippines chief Roy Cimatu, who got the confirmation before the CA on Wednesday.

The anti-mining group Caraga Watch is upset on this development.

“The way MGB and the mining [companies] respond to the government sanctions only proves how inutile and bankrupt our mining laws and policies are,” Rev. Pio Mercado, chairperson of the Caraga Watch, told MindaNews via text message Thursday.

“We are happy but this is not enough,” said former Surigao City Councilor Edgar Canda, who is among those organizing anti-mining protests here.

“They should stop operating immediately and start to do genuine rehabilitation of the environment,” he stressed.

“While the sanctions were in effect under Sec. Gina Lopez, the mining [companies] had openly defied such orders. [They] had mocked the secretary t h e n a n d s o w it h t h e appointing authority which is the President,” Mercado added.

Early this year, several anti-mining protesters were happy on the stance of the former secretary.

Canda said the mining companies should attend to the massive siltation in the rivers and seas and pay the people affected by the damage on the environment.

“Despite this sad development, we should continue to fight against the wanton destructive activities wrought by mining companies in the region and protect the people’s interest, especially the marginalized,” he said. (Roel N. Catoto / MindaNews)

and capable vehicle quickly caught on, leading it to thrive in a number of diverse markets around the world.

It is now the most bought midsize pickup in Europe, South Africa, New Zealand, and a number of ASEAN markets such as Vietnam, Cambodia and Myanmar.

Over the years, Ford has continued to innovate and explore the performance and specialty truck segments, and the introduction of the Raptor name with the F-150 SVT Raptor in 2009 took this to even greater heights.

Inspired by desert racing trucks, Raptor has always been the ultimate highperformance off-roader, and its advances in areas such as engine efficiency, suspension, smart technology and raw power embody not just the Build Ford Tough spirit, but also the way Ford has influenced, revolutionized and reshaped how the world looks at trucks.

This includes the latest announcement to introduce its best-selling Built Ford Tough truck franchise to China with the launch of the F-150 Raptor in early 2017.

Ford also confirmed that the popular Ford Ranger midsize pick-up will be launched in the world’s largest auto market starting in 2018.

So while the styling, power and capability of Ford trucks have all changed since the first Model TT rolled off the assembly line a hundred years ago, the company’s core mission to provide vehicles that address and surpass c ustomer demands has remained the same, surviving even the greatest test of all time.

from Thailand and Malaysia, the Southeast Asian team will be competing against riders from various countries at the BMW Motorrad GS Trophy International 2018 in Mongolia.

The BMW Motorrad GS Trophy International is the most adventurous competition for riders from across the globe. Teams will battle it out in intensive daily stages and numerous special challenges that will not only push riding skills, agility, fitness, and team spirit to the limit, but also help build a stronger community committed to making life a ride.

In addition, the amendment also provides SSS with the authority to issue distraints, levy or garnishment orders, enabling the agency to seize properties of delinquent members, similar to what BIR can now do.

SSS said that at present, 8.3 million delinquent members now owe SSS some P42.7 billion.

Dooc admitted the problem is also largely administrative. “I would be the first to admit that basically a major portion of this problem will be solved administratively by improving our collection efficiency, enhancing the processes with support of technology to monitor performance of borrowers and employers,” said the SSS chief.

Gordon weighed in: “Ang problema nasa inyo, tama yung sabi ni Senator [Nancy] Binay, it is systemic.”

Gordon has scheduled another hearing in November b e f o re s u b m i t t i n g t h e committee report to the plenary before the end of the year.

from page 3

from page 4

from page 5

Heritage...

advertisement wrote three simple words: Built Ford Tough, the phrase that would come to epitomize Ford’s commitment to creating strong, capable, safe and powerful trucks. It now defines what customers across the world have come to expect from the blue oval brand.

One of the first massproduced Built Ford Tough vehicles was the Ford Ranger, the company’s first compact pickup truck introduced in North America in 1982.

Originally designed and built in the U.S., Ranger’s reputation as a tough, smart

Rider... from page 3

Batas...

NOW HAPPENING: I wish to clarify something about what I wrote here earlier relative to the “gravitational waves” that scientists detected on August 14, 2017---“gravitational waves” being magnetic forces that run through the cosmos and disprupt time and space, coming from two black holes (or dead stars) colliding at a great impact.

It was only in Febrtuary 2016 that scientists acquired the ability to detect or “see” these “gravitational waves” which equal the force of 10 or so stars or suns the size of our sun colliding,

through newly-invented telescopes. According to the article written by Dr. Don Lee for cnn.com, these new telescopes detected or “saw” the “gravitational waves” that reached the earth on August 14.

Dr. Lincoln stressed that the “gravitational waves” on August 14 were detected by the new telescopes as coming from the explosion of 30 or so stars or suns. Wow. The question is, what would happen if the explosion would come from the collision of 100 or more starts or suns? I am sure that what was predicted to happen in Matthew 24:29 of the Bible would happen.

That is, planets and other bodies in the sky would be shaken, during the end of time.

-ooo WATCH “ANG TANGING DAAN” AT FACEBOOK: “Ang Tanging Daan” is a Bible exposition and prayer session for everyone, in English and Filipino, 24/7, worldwide, that can be viewed at w w w. f a c e b o o k . c om / angtangingdaan. Please see the video section. Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

Increase... from page 5

AMTC...

both land- and sea-based.

Mr. Rodriguez further noted the company took the lead in connecting Davao-General Santos-Bitung trade route this year.

AMTC’s expansion plans come amid a bullish outlook for the logistics sector as well as the sustained growth of the Philippine economy.

“We are venturing into new areas to connect. We feel that the economy is very good…

This will really hasten the progress to the countryside as well as connecting the islands which used to be cut away from the main market,

so it’s part of farm-to-market road. So it brings prosperity throughout the country, not just Manila or the big cities but the entire country,” Mr. Rodriguez said.

Several conglomerates in the country have started venturing into the logistics sector, which businesses see as integral to their development given the archipelagic nature of the Philippines.

Metro Pacific Investments C or p. earlier this year acquired Ace Logistics, while SM Investments Corp. bought an indirect stake in integrated transport solutions provider 2GO Group, Inc. through its parent Negros Navigation Co.

Photowalk... from page 6

t h e t r a v e l s i t e : w w w. bestspotsph.com. Founder of the Camera Club of Cagayan de Oro, and Cofounded the Mindanao Avian Photographic Society.

Clement is a 3rd-time Photo Walk Leader of the Scott Kelby Worldwide Photo Walk and also the City Ambassador for the 24 Hour ProjectA worldwide documentary project for 2 years consecutive.

Clement was featured at Manila Bulletin’s Picture Perfect Photographer of the Week, Finalist of Urbanlife’s Photographer of the Year (2016), and ACADEO’s (About Cagayan de Oro) Photographer of the Year (2016).

The Cagayan de Oro Northern Mindanao Leg is brought to you by: In Cooperation with: Province of Misamis Oriental, Explore MisOr, Camera Club of Cagayan de Oro. Event partner: Apple Tree Resort and Hotel, Centrio Mall- Ayala.

Major Sponsors: Project Lupad, Clement Dampal Photography, Modtrade, Gaisano City Mall.

Minor Sponsors: Jeep See Tours and Events, Colours Digital Foto, Carl’s Buy and Sell, E-Shop Camera Accessories and Equipment, Canon Digital Hub. Also brought to you by the following: Tanduay, Dunkin Donuts, Pizzarella CDO, Trio AwardHaus and Printing Services, Photoline, Pagasa Pawnshop, Sovereign Skatepark.

In partnership with these following media: Business Week Mindanao, Mindanao Daily News, Best Spots PH, Mimai Scribbles CDO, CDO Dev, Around CDO, Eats Good To Be in CDO, Easy Rock 96.9 FM Station, The Explorer’s Channel, and Cagayan de Oro Times.

Forecast... from page 7

“Consumption growth is expected to remain firm contingent on sustained remittances and expanding c r e d i t c o nt r i b u t i n g t o improving income levels.”

“Local elections in 2019 will likely boost domestic activities as early as the latter half of 2018,” the bank added.

Meanwhile, the World Bank f lagged risks and

challenges to the country’s growth potentials, which include the question on whether the government could sustain its investment in physical infrastructure and human capital development.

If sustained, the World Bank said it could create quality employment needed to safeguard the country’s pro g re ss on d el ive r i ng inclusive growth. “ To t h i s e n d , t h e government has continued to expand its proposed 2018 budget, prioritizing such investments. More inclusive growth also requires government’s commitment to structural reforms that promote competition in key sectors, secure property rights, and improve the investment climate,” the bank said.

The D uter te administration is planning to spend between P8 trillion and P9 trillion on its “Build, Build, Build” program over the next five years.

The government a l s o pl ans t o r ai s e it s infrastructure spending to 5.32 percent of GDP this year, equivalent to P847 billion.

The D uter te administration plans to gradually increase the public infrastructure budget to P1.2 trillion next year; P1.4 trillion the following year; P1.5 trillion in 2020; P1.7 trillion in 2021; and P1.9 trillion in 2022.

Finance Secretary Carlos G. Dominguez III s aid t he “Bui ld, Bui ld, Build” program will be funded by a combination of resources from its proposed comprehensive tax reform program (CTRP), foreign development aid and commercial loans.

Bonds... from page 7

three- to five-year Panda bonds with a minimum amount of USD200 million.

The government has an 80-20 borrowing mix in favor of domestic fund sources and de Leon said this is the reason why they are not looking at issuing more debt instruments overseas this year aside from the Panda bond.

“Besides, we’re ending the fiscal year already, so what we will be focusing on will be next year’s borrowing program,” she said.

Asked about the government’s options for its foreign borrowing in 2018, de Leon said they are open to the possibility of issuing US dollar-denominated bond and the yen-denominated Samurai bond.

The Samurai bond is issued in Tokyo by a nonJapanese issuer. (PNA)

Reforms... from page 7

the worst performing Asian currency this year, Espenilla said there was no need for foreign exchange controls.

“Why do we need to operate foreign exchange controls as if it is a crisis economy, as if it needs to be rationed?” he said.

10

cmyk

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

friday|october 6, 2017

11

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

friday|october 6, 2017

Rehab... from page 1

vice president of bulk water supplier Rio Verde Water Consortium Inc. During the public c on s u lt at i on h e l d l a s t Tuesday, 03 October 2017 by the Cagayan de Oro City C ouncil C ommittee on Public Utilities headed by Kag. Teodulfo Lao, Jr. on the ongoing water shortage in COWD’s West Service Area, Hapitan said the August 5 and Sept. 24 earthquakes badly damaged its main transmission line supplying bulk water to COWD. However, it was only after river debris driven by floods brought by torrential rains pounded the pipeline’s concrete casing following the latter temblor did Rio Verde discovered it was losing up to 50% of its daily delivery of 40,000 cubic meters (cu.m.) of treated bulk water to COWD did they shut down the transmission line to isolate the leaks and move for repairs.

The Philippine Institute of Volcanology and Seismology (Phivolcs) said a strong 5.9-magnitude earthquake struck 22 kilometers southeast of Malapatan town, Sarangani at 8:30 a.m., 05 August 2017, and was followed by a series of temblors at 4:47 a.m. on 24 September jolting Magpet, Cotabato (magnitude 4.4); Kadingilan, Bukidnon (magnitude 5.7); Kalilangan, Bukidnon ( mag n itu d e 5 . 3 ) , Wa o, Lanao del Sur (magnitude 5.4), and Osias, Kabacan, Cotabato (magnitude 4.4) with aftershocks.

Meantime, Rio Verde resumed deliveries to COWD

by October 1st through its back-up 400mm HDPE pipeline albeit on a reduced basis. Hapitan committed to ramp up the flow rate to 40,000 cu.m. by Friday, 06 October with the pressure requested by COWD through the same pipeline pending completion of repairs on the main 650mm transmission line by mid-October.

In addition to its two existing pipelines, Hapitan disclosed that Rio Verde is constructing another 650mm redundant main transmission line to ensure bulk water deliveries to COWD would not suffer a similar interruption in the future.

He said the P50-million project would also further reinforce the concrete casings of both submarine pipelines to also ensure both can withstand up to magnitude 8.0 earthquakes and river debris from the Cagayan River driven by flash floods caused by torrential rains.

Despite these d e vel opme nt s , anot he r crisis appears imminent as the 40,000 cu.m. of bulk water contracted by COWD from Rio Verde is no longer adequate to service consumers in COWD’s West Service area which officials say already has a daily demand of 60,00080,000 cu.m. daily.

Thus, even if Rio Verde already delivered the 40,000

cu.m. daily as stipulated in its present Bulk Water Supply Agreement with COWD, this would only address 63% of the West Service Area’s present requirements, since the 95% as committed by Hapitan was the demand level 10 years ago (2007) when Rio Verde started delivering bulk water to COWD. To address the water shortage in the interim, COWD has employed p a l l i at i ve m e a s u re s t o mit igate ef fe c ts of t he 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.

Althoug h Rio Verde previously served COWD’s purchase orders for an additional 20,000 cu.m. for the past 3 months, Hapitan disclosed during the public consultation that both COWD and Rio Verde have already agreed to pre-terminate the existing bulk water supply contract.

In a series of letters dated January 4, 2017; April 5, 2017 and August 8, 2017, both COWD and Rio Verde agreed to pre-terminate their Bulk Water Supply Agreement and enter into a “Compromise Agreement” whereby Rio Verde would continue to supply bulk water to COWD under prevailing prices and new negotiated terms.

COWD General Manager Rachel Beja disclosed during the latest public consultation that COWD is entering into a joint venture agreement with Metropac Water Investments Corp, (MWIC) which would supply up to 100,000 cu.m. of treated bulk water daily to COWD to address the increased demand.

The ne w JV f irm is exploring three options by which the requirement could be addressed: purchasing bulk water from Rio Verde; outright purchase of the Rio

Verde treatment plant or constructing a new treatment plant, which in the case of Rio Verde took 3 years to complete.

This development indicates that the first option could be the quickest fix to the present crisis given the long-term nature of the other options (outright purchase and construction of a new plant). However, even that would be imperative upon the soonest signing of the Compromise Agreement by the two parties which remains pending until now.

The water supply situation in other COWD Service Areas have been further aggravated by ongoing repair works and upgrading being implemented by the water district under its Non-Revenue Water (NRW) reduction program and regular maintenance and repair works.

Lack... from page 1

the “No Prostitution Day” commemoration Thursday at the Cinematheque Davao that her office rescued a total of 255 women in prostitution, including 75 children, compared to 217 women for the entire 2016.

The youngest was 12 years old while the oldest was 68, she said.

Amp og a ls o bl ame d unfair access to employment opportunities and access to basic social services as among the reasons why the women would resort to prostitution to earn a living.

She said the rescued women would receive counseling, undergo seminar on prostitution, and educate them on their rights in order to demand the government to provide the basic social services.

Proclamation No. 7 signed by then City Mayor Rodrigo R. Duterte on October 2, 2005 declared October 5 of every year as a day of “No Prostitution” in the city, citing the policy of the city government to uphold the rights of women and children and the belief of their worth

Republic of the Philippines MUNICIPAL TRIAL COURT IN CITIES 10th Judicial Region BRANCH 1 Cagayan de Oro City IN THE MATTER OF CIVIL CASE NO. LRC-C16-MAY 004 APPLICATION FOR LAND REGISTRATION UNDER For: P.D. NO. 1529, LOT 119 CAD-237 CAGAYAN CADASTRE ROGER G. TAN, PLAN AP-10-003272 Applicant.

X-----------------/

NOTICE OF INITIAL HEARING

Finding the verified petition/applicant for registration of Parcel of Land filed by Roger G. Tan of Lot 119 Cad-237 Cagayan Cadastre Plan AP-10-003272 situated at Vamenta Boulevard, Ilaya Barangay Carmen, Cagayan de Oro City, Island of Mindanao to be sufficient in form and substance, the same is set for Hearing on May 29, 2018 at 8:30 o’clock in the morning at the session hall of this court, and hereby requiring all those who may have interest over the said parcel of land to appear on such date, time and place and show cause why the petition should not be granted.

Let copy of this court be published at the expense of the applicant in two (2) successive issues of the Official Gazette and three (3) successive issues of a newspaper of general circulation in the Province of Misamis Oriental and City of Cagayan de Oro, and in a conspicuous place on the land subject of this petition at least thirty (30) days prior to the date of hearing.

So Ordered.

Cagayan de Oro City, August 22, 2017.

(SGD.) CESAR A. MERLAS

Presiding Judge BWM: Sept. 22, 29 & Oct. 6, 2017

and dignity as human beings.

Participants from different barangays, barangay councils for women, academic institutions, religious organizations, and victims joined the commemoration where “Gagmay’ng Tunob sa Kadalanan” (Little Footsteps on the Street), a documentary

by Mark Henry, was screened.

T h e d o c u m e n t a r y, produced by Talikala Inc. and The Breakaway Media, was about three minors – aged 12, 13, and 17 – who were forced into prostitution because of “extreme poverty, abuse and unwanted situations”.

“The three are just few of the 40% children from total number of 4,000 prostituted women and children in Davao City, one of Philippines’ top cities. While prostitution is illegal in the country, Philippines has an enormous sex-tourist industry,” said the synopsis on the film.

Janice Pinky Moreno, social section head of the Integrated G ender and D e v e l o pm e nt D i v i s i on (IGDD), acknowledged that the in-migration contributed to the increase of number of women in prostitution, with the city now becoming attractive to those looking for better economic opportunities.

She said they are relentless in educating and advocating for women empowerment, most esp e ci a l ly in t he barangays, to put a dent on the growing number of victims venturing into prostitution.

Moreno said City Mayor Sara Duterte-Carpio has allocated P25 million to f und a program called “Magnegosyo ta, Dai” in

order to address the economic needs of the victims through social entrepreneurship.

She said the local program was previously supporting the “women in difficult circumstances”, or those women abused by their partners, but they are expanding it to cover the victims of prostitution this year with support from City Agriculturist Office (CAO), City Veterinarian’s Office (CVO), City Social Services and Development Office (CSSDO), and C i t y C o o p e r at i v e a n d Development Office (CCDO).

Moreno said CSSDO provides loan worth P10,000 while additional loan worth P20,000 to P50,000 from the CCDO.

province.

“This will be a big help to all the micro entrepreneurs in the province to have bigger profits in running their businesses, and have the best opportunity in promoting their products throughout the country and the world through the different types of modules,” Pabillore said.

Representatives from the Philippine Center for Entrepreneurs headed by Armand Q. Bengco and Wilfredo E. Arcilla were the resource speakers who shared their knowledge and expertise on effective entrepreneurship, values formation and marketing.

(PIO)

Poverty... from page 2

The Capitol, according to Emano, has partnered with the DTI in a bid to achieve one of the present administration’s goals—eradicate poverty in Misamis Oriental.

“It has been the dream of this present administration, the main advocacy of the Provincial Government of Misamis Oriental to eradicate poverty in 424 barangays, 23 towns and two cities in the

EXTRAJUDICIAL SETTLEMENT WITH DEED OF ABSOLUTE SALE

Notice is hereby given the intestate of late Spouses EXEQUIEL S. GAMALO and EXUPERIA M. GAMALO, who died on 17 May 2014 and January 30, 1982, respectively, both at Cagayan de Oro City, without leaving any will; That the deceased, at the time of their death, left a specific real property, situated in Barrio Kauswagan, Cagayan de Oro City and covered by Transfer Certificate of Title No. T-30065 of the Registry of Deeds of Cagayan de Oro City; A parcel of land Lot 1422-A, Psd-10-001477, being a portion of Lot 1422, Cad-237 Cagayan Cadastre; containing an area of Two hundred twenty (220) square meters, more or less. EXEQUIEL S. GAMALO and EXUPERIA M. GAMALO, is the subject of EXTRAJUDICIAL SETTLEMENT OF REAL PROPERTY WITH WAIVER OF RIGHTS; is made and entered among MAVELIA G. JUMALON, of legal age, married, Filipino and a resident of Valencia, Bohol; EULOGIO M. GAMALO, of legal age, married, Filipino and a resident of kauswagan, Cagayan de Oro City; MARIMAE M. GAMALO, of legal age, single, Filipino and a resident of Cebu City; MILA LUZ M. GAMALO, of legal age, single, Filipino and a resident of Valencia, Bohol; EMERSON M. GAMALO, of legal age, married, Filipino and a resident of Kauswagan, Cagayan de Oro City; Under Notary Public of RENE ARTEMIO T. PACANA; Per Doc. No. 113; Page No. 25; Book No. 77; Series of 2017.

Notice is hereby given the intestate of late NELSON BORRES LEMOSTERO who died sometime last MAY 26, 2016 at DOA-SABAL HOSPITAL, Puerto, Cagayan de Oro City. That he died intestate, without any LAST WILL AND TESTAMENT and without any known debts in favor of any firm, person or entity; That during his lifetime he left a MOTOR VEHICLE: SUZUKI, Serial No. DC51T-516155; Motor No. F6A6596887; JITNEY, Plate No. KVW 792; Color ORANGE, File No. 0907-00000025774; The late NELSON BORRES LEMOSNERO; is the subject of EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A MOTOR VEHICLE INCLUDING FRANCHISE UNDER CASE NO.: 2009-551; is made and entered into this 17th day of August 2017 in the City of Cagayan de Oro City; KENNETH TABOR LEMOSNERO all of legal age, Filipino Citizens, with residence and postal address at Greenville Bugo, Cagayan de Oro City, hereinafter referred to as the Heirs/Sellers; AND RENANTE E. VILLACURA, likewise of legal age, Filipino citizen, married to MARICRIS S. VILLACURA, with residence and postal address Binitinan, Balingasag, Misamis Oriental, hereinafter referred to as the BUYER/VENDEE; That for and in consideration of the sum of ONE HUNDRED THOUSAND PESOS ONLY (Php 100,000.00) Philippine Currency, to us in hand paid to our full satisfaction paid the herein VENDEE/BUYER the HEIRS/VENDORS/SELLERS do hereby SELL, CEDE, TRANSFER and CONVEY the above-described MOTOR VEHICLE in favor of the VENDEE/BUYER his/her heirs, assigns or successors-in-interest,

by WAY OF DEED OF ABSOLUTE SALE of the above-described MOTOR VCEHICLE free from any liens and encumbrances, free from any third-party claimant whomsoever. Under Notary Public of ATTY. EMELITO J. MARQUINO; Doc. No. 161; Page No. 32; Book No. XIV; Series of 2017.

Notice is hereby given that the intestate estate of late SALVADOR M. GALAGNARA, who died on May 08, 1942 died intestate without any last will or testament, and without any outstanding debts; Parcel of Land located at Molugan, EL SALVADOR, MISAMIS ORIENTAL, covered

by ORIGINAL CERTIFICATE OF TITLE No. P-1346, transfer certificate of title No. T-1345 LOT NO. 7688, Cad-237; SALVADOR M. GALAGNARA is the subject of EXTRAJUDICIAL SETTLEMENT WITH DEED OF ABSOLUTE SALE; is made and entered among; RUBEN V. GALAGNARA, of legal age, Filipino citizen, married and a resident of El Salvador City, Misamis Oriental, hereinafter to as the VENDOR; LUCIO V. GALAGNARA, of legal age, Filipino citizen, married and a resident of El Salvador City, Misamis Oriental, hereinafter referred to as the VENDOR; HEIRS OF SALVADOR GALAGNARA, represented by SUSAN PAIRAT and EMMA GALAGNARA ACERA of legal ages, Filipino citizens, married and residents of El Salvador City, Misamis Oriental, hereinafter referred to as the VENDOR; LUIS GALAGNARA, of legal age, Filipino citizen, married and a resident of El Salvador City, Misamis Oriental, ALL collectively referred to as the VENDOR; and RENREN TRADING & CONSTRUCTION SERVICES, rep. by: AYOBKHAN L. SUMANDAR, of legal age, Filipino citizen, married and a resident of RTCS Comp., Purok 1 Emerald, Hinaplanon, Iligan City. That for and in consideration of the sum of TWO HUNDRED THIRTY THOUSAND (230,000.00) PESOS. Philippine Currency, the receipt whereof is hereby acknowledged by the VENDORS from AYOBKHAN L. SUMANDAR, of legal age, Filipino citizen, married and a resident of RTCS Comp., Purok 1, Zone Emerald, Hinaplanon, Iligan City, VENDEE to the entire satisfaction of the VENDORS, and said VENDORS does by these presents sell, transfer and convey, in a manner absolute and irrevocable, unto said VENDEE, their heirs and assigns, free from all liens and encumbrances the aforesaid parcel of land. Containing an area of SEVEN THOUSAND FOUR HUNDRED AND NINETY ONE (7,491) SQUARE METERS. Under Notary Public of ATTY. MELANIE D. ORTIZ-ROSETE; Doc No. 03; Page No. 01; Book No. 17; Series of 2017.

BWM: Oct. 6, 13 & 20, 2017

BWM: Oct. 6, 13 & 20, 2017

BWM: Sept. 22, 29 & Oct. 6, 2017

EXTRAJUDICIAL SETTLEMENT OF REAL PROPERTY WITH WAIVER OF RIGHTS

EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A MOTOR VEHICLE INCLUDING FRANCHISE UNDER CASE NO.: 2009-551

BusinessWeek Billboard

MINDANAO CREDIBLE

RELIABLE

www.businessweekmindanao.com

Glo Barredo Avon Representative Since 1991

Rosalie Baltazar Avon Representative Since 1999

IN-DEPTH

12

Friday | October 6, 2017

Angie Nogales Avon Representative Since 2011

Gloria Celemen Avon Representative Since 1993

Franz Tolentino Avon Representative Since 2006

Marina Villacorza Avon Representative Since 1990

What Empowered Women Represent

W

hen one comes across the brand name “Avon”, the association is easy and immediate: women, direct selling, beauty, and cosmetics. Still, there’s so much more to Avon than what we know. Through the years, the company has been empowering women through the earning opportunities it offers and each Avon Representative’s success story is a testament to how Avon has been making a beautiful difference in the lives of countless families. It is no wonder that each Avon lady will tell you, without batting a fabulously mascara-ed eyelash, that it’s “Nakaka-proud!” to be an Avon Representative.

Avon celebrates this triumph of instilling the pride of being an Avon Representative, cascading it to company Associates, and eventually is being felt by customers, through its pride-filled campaign

#NAKAKAPROUD. The campaign has revealed inspiring stories about how empowered Avon Reps developed virtues of courage, strength, confidence, determination, and passion, with the company providing moral and financial inspiration.

Check out their amazing stories: The purpose of enriching lives. Rosalie was a registered nurse when it dawned on her that a bigger purpose is in store for her. On the path to finding that purpose, she discovered that being an Avon Rep can give her the financial capacity to share her successes. Not only is she now able to provide her own family with a comfortable life, but she has also given scholarship grants to deserving students in her community.

The house that determination built. That one stormy day rainwater started gushing through the roof of Marina’s bahay kubo (nipa hut) was the last straw. Determined

to build a better home for her kids, she grabbed the opportunity at Avon, working her way up to become a sales leader. Today, not only does she live in her dream house, but she is also a proud owner of several properties and luxury cars. But the sweetest fruit of her determination is that she was able to send her three kids to college, which helped them build their own careers and raise their respective families with comfortable lives.

Confidence turns lugaw vendor into a “star”. With her lugaw (rice porridge) business barely earning profit, then young mother Angie decided to take the invitation to become an Avon Representative. Confident by nature, she performed like a star and immediately became a sales leader. This confidence even shines through whenever she speaks in public to share her success story.

Finding strength among family. Gloria may have lost

her husband to a fatal accident years before, but she managed to pull her strength from her three kids. It also helps that she has a second family in Avon, which has been helping her not only financially, but emotionally as well. Because she is earning sufficiently from selling Avon products, she still manages to spend time with her family – that alone is more than enough source of strength for one strong-willed woman.

Fighting adversity through burning passion. Glo was already an Avon Representative when her daughter was diagnosed with heart disease.

Her earnings went mostly to operation procedures, and this only drove Glo to work even harder until she raised enough funds. This experience for her daughter gave her the reason to pass on her burning passion to aspiring representatives so that they, too, can find the light that will guide them toward a better life.

Surviving breast cancer with courage. Franz found hope through Avon’s advocacy for breast cancer awareness. She realized that her being a breast cancer survivor has given her a second chance at realizing her dreams of a better future.

Now, she is proudly selling Avon products and sharing her inspiring survival story at the same time – an opportunity that not everyone is blessed enough to have.

These stories are so inspiring that one will most probably end up thinking, “maybe I should try being an Avon Rep myself !” And why not?

Avon is the no. 1 direct selling company in the country; it has an exclusive range of awardwinning products; the products are so easy to sell because of its affordability and high quality; the earning opportunities are remarkable; and the company represents Beauty for a Purpose. Now, that’s truly #NAKAKAPROUD!

Playing for Change 2017

Again this year, Dodu Abrio a Cagay-anon Peace Advocate lead the PFC Day in Cagayan de Oro City last September 23, 2017 gathered fellow musicians at Sonrisa Vista Resort promoting Peace, Love & Unity through Music. photo supplied

cmyk

PLAYING FOR CHANGE DAY was created in 2011 to unite the global community through the power of music. On Playing For Change Day, communities will gather as musicians and music lovers from all over the world to perform on stages, street corners, schools, yoga studios, and cafes all with the goal of bringing music into the lives of young people.Last year Playing For Change Day resulted in over 200+ events in 48 countries on 6 continents, raising funds to provide instruments, music instruction, and

inspiration for kids and youth. Your PFC Day fundraising efforts will help provide free classes in dance, instruments, languages, and music theory for children, instructed by qualified local teachers across 11 countries.This day of music, peace, and change keeps instruments, music instruction, and inspiration flowing to children around the world. Your donation and/or participation contributes to a positive vibration that connects and inspires us all.One World, One Voice, One Day. PR