BusinessWeek Mindanao (September 1-2, 2016)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 039

Market Indicators

As of 6:20 pm september 1, 2016 (thursday)

FOREX

PHISIX

US$1 = P46.627

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X

7.5 cents

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points

Briefly Davao venture CEBU-based real estate developer Cebu Landmasters, Inc. (CLI), announced that it will start working on its first venture in Davao with three real estate projects starting in 2017 in partnership with the Davao-based YusonComm Investments, Inc. On September 1, 2016 Cebu Landmasters will sign a Memorandum of Agreement (MOA) with YusonComm Investments of the prominent Villa-Abrille clan in Davao City. The three projects will include a mid-market condo conveniently located on E. Jacinto that will be pre-selling already by January, 2017, as well as a Riverside Mixed-Use project along the McArthur Highway and a Times Beach Lifestyle Mixed-Use project in Matina, that are both in the pipeline.

Backbone MINDANAO’S 230-kilovolt (kV) transmission backbone project will enable the entry of an additional 2,400 megawatt (MW) of power capacity in the northern and southern part of the island as new plants go online, the Energy Regulatory Commission (ERC) said on Tuesday. “The approval of the 230kV transmission backbone project will ensure sufficiency of supply, the reliability of power system and the power transfer in the Mindanao grid,” said Jose Vicente B. Salazar, ERC chairman and chief executive officer, in a statement.

Container terminal PRESIDENT Rodrigo Roa Duterte is set to lead the inauguration of the P5billion state-of-the-art Davao International Container Terminal (DICT) Inc. on Friday in Davao del Norte. Located at the 63-hectare Anflo Industrial Estate in Panabo City, DICT offers world-class container terminal facilities and services. It also offers help in ensuring the global competitiveness of Mindanao’s export-grade products such as cavendish banana, pineapple, and rubber.

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By MARK D. FRANCISCO Staff Writer

F

ILINVEST’S Misamis Power Plant has started putting online its second generating unit supplying an additional 135-megawatt (MW) of coal-fired power to the Mindanao grid.

NEW CAPACITY. Misamis Power Plant, FDC’s coal power generating plant at the Phividec Industrial Estate, has fired up its second unit, providing additional capacity to the Mindanao grid.

Barely a month after inaugurating the first of its three 135-MW generating units, the Misamis Power Plant, located at the Phividec Industrial Estate in Villanueva, Misamis Oriental, now provides a maximum of 270-MW of electricity to the power-starved Mindanao grid. The plant is operated capacity/PAGE 11

New substation power transmission CDA to oppose attempt to strengthens Mindanao power grid repeal coops tax exemption By CRIS DIAZ, Contributing Editor

THE energization of the newly installed, 75-megavolt ampere (MVA) in Misamis Oriental would strengthen power grid supply in Mindanao, the National Grip Corporation of the Philippines announced Thursday. Beth Ladaga, the NGCP spokesperson, said the newly upgraded and

energized MVA, located at Opol Substation in Misamis Oriental, was energized last August 20. She said the new facility would cater to the power needs of grid-users, specifically in the load centers in Northern Mindanao like in the cities of Iligan and Cagayan De Oro.

M i s a m i s O r i e nt a l I Electric Cooperative, Inc. (MORESCO I) and Cagayan Electric Power and Light Company (CEPALCO) are the main benefactors of the completed substation, Ladaga said. The facility would also address load growth in the area, which increased since the opening of the power/PAGE 11

By MARK D. FRANCISCO, Staff Writer

THE Cooperative Development Authority (CDA) will rally all 24,000 cooperatives nationwide against two refiled bills in C ongress seeking to

repeal the tax exemption of cooperatives. CDA chair Orlando R. Ravanera sounded alarm b el ls on Tues d ay af ter repeal/PAGE 9

Balay Mindanaw turns over health centers to partner barangays By BONG D. FABE, Contributing Editor

AFTER almost a year, the peace and development nongovernment organization Balay Mindanaw Foundation, Inc. (BMFI) finally turned over the newly-constructed health centers to at least three

of its partner barangays “He a lt h h a s a v e r y great impact on disaster preparedness and resiliencybuilding, that is why we need to take care of it,” stressed Sabrina “Sabcee” Garcia

Balais, leader of BMFI’s Team CDO during the simple turn-over ceremonies in the barangays of Mambuaya, Lumbia and Patag. The construction of the health centers is the core of BMFI’s C ommunitycenters/PAGE 11

Patag Barangay Chairman Marycor Calizo shakes hands with Eileen Ipulan Bautista, Balay Mindanaw’s DR3AM Program coordinator, during the turn-over ceremony of the new health center. photo by bong d. fabe

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Economy DA pushes brown rice use ARMM holds ports mgmt authority summit MARAWI City -- To increase t he ef f icienc y and t he capacity of port terminals in the Autonomous Region i n Mu s l i m M i n d a n a o (ARMM), the Regional Ports Management Authority (RPMA) recently conducted a one-day ports management summit in Zamboanga City. With the theme ‘C ollaboration and Information Sharing as Key Factors to Promote Development Initiatives in ARMM Ports,’ this year’s summit is a maiden flagship initiative of the RPMAARMM. Ersan Imban Warad, general manager of RPMAARMM, said the conduct of the summit was aimed at

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soliciting diverse regional platforms from various investors, port operators, stakeholders and port users to explore potential business o pp or t u n it i e s , d i s c u s s management strategies and development initiatives in the ports sect ARMM Governor Mujiv Hataman said the years before were challenging times for the ports authority as it only earned P9.4 million in 2013. “But in the years that followed, our good governance agenda paved the way for reforms. We sought out the problems and we worked hard to find solutions,” he said. The authority was restructured and made sure

that its roadmap is aligned with the region’s reform agenda. “As we move forward, we will continue our efforts on information sharing and collaboration with our clients. The reforms we implement in our ports are only as good as their continued engagement,” Gov. Hataman added. Arthur Nogas, harbor master of the Philippine Ports Authority-Zamboanga City and one of the presenters during the summit, discussed the best practices on ports management and operation that may be applied in the region. Engr. Jun Macalawan, super vising investment specialist of the Regional

B o ard of Inve st me nt s ARMM, meanwhile, tackled the investment opportunities in the region. As of August this year, the authority generated P5.7 million income from its seaport operations. D ur ing t he summit, the authority distributed equipment for the various base and sub-ports in Jolo and Siasi in Sulu; Bongao, Mapun, Sitangkai and Sibutu in Tawi-Tawi; and Lamitan City and Maluso in Basilan. summit/PAGE 9

HIGHLIGHTING to its nutritional benefits, the Department of Agriculture (DA) is pushing the use of brown or unpolished rice. Au d y M a a g a d , DA Supervising Agriculturist for

Northern Mindanao stressed during the press conference held in Cagayan de Oro City on 30 August, the need for public to reconsider healthier alternatives to white rice. DA/PAGE 11

‘Outstanding Partner’ award bestowed to RBOI-ARMM MARAWI City -- The Regional Board of Investments in the Autonomous Region i n Mu s l i m M i n d a n a o (RBOI-ARMM) was again recognized by the Bangko Sentral ng Pilipinas (BSP) as an outstanding partner for its report on regional economic development.

Lawyer Ishak Mastura, RBOI-ARMM chairman, re ceive d t he ‘D y namic Balance, Philippine Eagle’ trophy crafted by visual artist and multi-awarded sculptor Ferdinand Cacnio. RBOI is the first agency from ARMM to receive such award/PAGE 9

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Carmella Quirog waits for her question during the Lakan at Paraluman 2016 of Xavier University’s celebration of Buwan ng Wika last Tuesday. Quirog would later win the female title. Assisting her in the pageant are makeup artist Rena Cuerbo, talent handler/mentor LJ Montecarlo and Filipiniana gown designer Boogie Musni-Rivera. PHOTO BY MARK FRANCISCO

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Opinion

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Doubts cast on Ombudsman’s award

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LIFE’S INSPIRATIONS: “… It is time for you to act, LORD; your law is being broken…” (Psalms 119:126, the Holy Bible). -ooo D OU BT S C A ST ON OMBUDSMAN’S AWARD: Lawyer Levi Baligod, wittingly or unwittingly, may have cast a shadow of doubt over the award given the other day by the Ramon Magsaysay Awards Foundation to Ombudsman Conchita Carpio Morales, the only Filipino among the foundation’s five awardees for this year. Baligod spoke to media hours after Morales received the award Wednes day, August 31, 2016 at the Cultural Center of the Philippines, virtually cha l leng ing her choice as an awardee, with his disclosure that, for P100 million that was given to the Liberal Party, the Aquino g ov e r n m e nt s a b o t a g e d the investigation of the P10 billion pork barrel scam which caused the i n c a rc e r at i o n o f t h re e incumbent senators in 2015. Morales, of course, was appointed chief graft buster shor t ly af te r Pre s id e nt B e n i g no Aqu i no I I I , a Liberal Party (LP) stalwart, was installed president. She controlled the preliminary investigation of the graft and plunder cas es t hat the Department of Justice,

Oro Chamber

Nobel Peace Prize---that the Ramon Magsaysay Awards Foundation bestowed on Morales on Wednesday. Baligod, or perhaps even Morales, must clarify this issue, to avoid smearing the names of innocent parties. -ooo DOUBLE STANDARD IN PLUNDER RAPS: But, truth to tell, there have been rumblings earlier about the selective prosecution of those involved in the scam. In 2014, I wrote: “With due respect, I am sorry I can’t agree with the euphoria being contrived by the Aquino government and its minions over the filing of the plunder charges against nine people, including Senators Juan Po n c e E n r i l e , Ji n g g o y Estrada and Ramon Revilla Jr. and Janet Napoles, in connection with the P10 billion pork barrel scam. “This is not democracy at work, really. It is double standard at its prime. It is a shameless political persecution against political enemies, to favor political allies. It is a nauseating reality that in the Philippines, the drive for power for one’s self and for the anointed protégés is all consuming, and ever more important than the welfare and well-being of the citizenry. “Why am I saying this? For a number of reasons.

K akampi

Mo A ng Batas

Atty. Batas Mauricio The f irst is t hat, w hen Enrile, Estrada, and Revilla were subjected to purported investigation by the Aquino government for the scam, the very evidence that was used against them already indicated the participation of Aquino allies. Yet, these allies miraculously escaped investigation and, now, p r o s e c u t i o n …” T h e s e things must be explained now, under the Duterte government. -ooo PLEASE WATCH OR LISTEN: “Tambalang Batas at Somintac”, a newscommentary radio program, aired at DZEC 1062 kHz and other Radyo Agila provincial stations nationwide, and is aired live by Facebook at https://www.facebook.com/ RadyoAgila1062/?fref=ts, 6 to 7 in the morning, Philippine time. Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

EJK and human rights

An Empty Egg Think a minute…This is a true story about a boy named Philip. Philip was 9 years old in a class of 8-year-olds. The kids in his class were mean and unkind to Philip. They would not talk to him or let him play with them. Philip suffered from a disease called Downs Syndrome, so his face looked a little different and his thinking and talking were slower than the other children’s. During the week of Easter the teacher gave each child a plastic egg that they could open. Then she sent them outside to find a symbol of new life, such as a seed or leaf, to put inside the plastic egg. Sometime later all the children gathered around their basket of eggs and watched as the teacher began to open them. One child had put a flower inside her egg. All the children thought it was a great symbol of new life. In another egg was a butterfly that all the girls said was beautiful. Finally, the teacher opened the last plastic egg and there was nothing inside it. One child said, “That’s dumb!” Another kid said, “That’s not fair!” Then the teacher felt someone pulling her hand. It was Philip. He looked up at her and said: “It’s my egg. I left it empty because Jesus’ grave is empty. That’s why I have new life.” The whole class was silent. From that day on, Philip was accepted as part of the class. Whatever had made

then under Secretary (now senator) Leila De Lima, filed with her office, controlling who should be charged---or not to be charged---in connection with the P10 billion scam. -ooo MORALES MUST SEEK CLARIFICATION: If I were Morales, I will press Baligod to clarify his expose (see http://www.bomboradyo. com/…/164664-aquinogov-t-sinabotahe-…), w he re he cl ai me d t hat P100 million was given to LP as campaign funds by Janet Lim Napoles, the businesswoman w ho is being accused of having reaped billions of pesos from non-existent projects using pork barrel funds of lawmakers. Another claim made by the lawyer is that Napoles also gave campaign funds to a candidate for a national position during the 2016 elections. The candidate won, Baligod said in his i nt e r v i e w, c appi n g h i s disclosures with a serious charge: that the Aquino government sabotaged the pork barrel investigation initially pursued by De Lima, and then handled by Morales, the Magsaysay awardee. This is of course a very serious accusation that casts grave doubts about the prestigious award---said to be Asia’s version of Europe’s

THINK

A Minute

Jhan Tiafau Hurst him different was not important or mentioned again. Just a few months later, Philip died from an infection. On the day of Philip’s funeral his whole class of 8-year-old boys and girls came to say goodbye to their special friend. And each child walked up to Philip’s casket to place beside it their gift: an empty egg. Friend, if God the Son can make His love so real and understood to a child like Philip, then none of us has an excuse for not understanding how much Jesus loves us. God humiliated Himself by becoming a human being, not only to die for all our wrongs and forgive us, but then to come back to life to show us that He is God Himself Who wants to give us new life. So won’t you ask Him today to forgive you and take full charge of your new life? Just Think a Minute…

The Cebu clergy had their monthly recollection the other day. The invited guest speaker, both a lawyer and journalist, among other things, was one known for her advocacy in human rights. We were given a drill on human rights, rule of law, due process and other related topics, all of them as some kind of reaction to the rise of extra-judicial killings that we are hearing about these days. From w here I s at, I noticed that the priests were especially attentive, except of course for a few. There will always be exceptions, but this time, I noticed more rapt attention. The archbishop was around, t o ge t h e r w it h t h e t wo auxiliary bishops. There were also all ears. I was happy to note that the talk presented the nuances of human rights as articulated by institutions like the UN and, of course, our constitution, and other personalities of some standing. Since the speaker was a lawyer and not a theologian, there was hardly any theological explanation beyond the fact that human rights spring from man’s being the image and likeness

of God. T he re ac t ion of t he priests in general was mainly that of grave concern, since it cannot be denied that the drug problem we have is a first-class crisis. Recent developments have lifted the lid on this crisis whose scary dimensions are getting far worse than what are generally suspected. Somehow priests get to know more details about this crisis because they preside over funerals of d r u g - rel ate d d e at hs i n their parishes, they get to receive information from their parishioners, they hear confessions and they also are sought for some pieces of advice from people. They are near the frontline. They have mixed feelings about this issue. While they are somehow happy with the current campaign against people involved in drugs, they are also alarmed at the rise of these extrajudicia l ki l lings w hos e perpetrators we cannot be sure of-whether they are done by some vigilantes, or the police, or drug people themselves in their own internecine conflicts. What comes to my mind is that this development

we are having at this time, provoked by the ascendance of our new president, has good aspects as well as poses new challenges that we have to tackle. D ef initely, t he dr ug problem has to be tackled head-on before it gets any worse. As it is now, it is really ugly. But we need to f ur ther de velop our systems-police, judicial, penal, medical, political, e conomic, s o ci a l, etc.to cope with this highly complex problem. L e t’s h op e t h at ou r lawmakers can craft better laws that are more effective in blending our need to get the culprits as well as our need for respect of human rights, rule of law and due process. We obviously cannot remain at the current state of our laws that are now found to be ineffective or lacking in something necessary. We have to understand that our human laws need to evolve without abandoning their essential purpose. They need to be updated to adapt to current situations. A more appropr i ate system of checks and balances among the different branches and agencies of our

HINTS

and

Traces

Fr. Roy Cimagala government should be put in place. This should be a serious affair that should not be trivialized by too much politicking and grandstanding. Let’s hope that we can choose lawmakers and public officials who are competent to carry out their responsibility. As to the clergy, a great challenge befalls us. But before we start thinking of building rehab centers and the like, we should intensify our spiritual and pastoral ministry. We have to keep the priority of Mary over Martha. While the state and civil society aim at making people responsible citizens, we in the Church have to focus on encouraging people to be saints.

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CorporateWorld

Property Awards launched; more entries from Vis-min regions seen ORGANIZERS of the 5th Philippines Property Awards 2017 are s eeing ac tive participation from developers coming from Davao and Cebu as they launched Tuesday the search for the best property developers in the country. Terry Blackburn, founder and managing director of the Asia Pacific Awards, said during the launch in Fairmont Hotel in Makati City that there is an increasing number of major and up and coming developers each year as they understand the impact of the awards in industry development.

“In the last five years we’ve seen the awards program expand to include categories specifically created for regional developments in key markets such as Cebu and Davao,” he said. “It is a reflection of a strong Philippine real state sector that is focused on improv ing qu a lit y and sustainability.” Renewed interest from the property sector has increased its focus on the Visayas and Mindanao regions with the election of President Rodrigo Duterte, who comes from Davao City, according

to Cyndy Tan Jarabata, president of Tajara Leisure and Hospitality Inc. “The interesting with the current administration is because it has opened more interest in Visayas and Mindanao,” said Jarabata, the award’s representative of the judging panel.

“The President shuttles between Manila and Davao and it’s really encouraging a lot of people to look at the Visayas and Mindanao.” But it’s not new however, she said, noting that in the last three years there has been a lot of interest in the property/PAGE 9

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Belgian investors eye renewable energy BELGIAN investors are interested in the country’s nascent renewable energy sector, presidential adviser on the peace process Jesus Dureza said. In between peace negotiations with leaders of the Left in Norway, Dureza made a side trip to Belgium, where he was briefed on the interest of Belgian investors in the Philippines.

Speaking after his trip to Oslo, Dureza said Princess Astrid of Belgium will be visiting the country in May 2017 to head a high-level economic team. The Belgian government is primarily concerned over the extra-judicial killings that have made the government’s war against illegal drugs so controversial, with nearly energy/PAGE 9

PHL posts highest Manufacturing PMI in ASEAN THE Nikkei ASEAN Manufacturing Purchasing Managers’ Index (PMI) of IHS Markit, a global provider of critical information, analytics, and solutions, reported Thursday that the Philippines has posted the highest Manufacturing PMI in Southeast Asia for the month of August. T h e s u r v e y s h ow e d

that the Philippines posted Manufacturing PMI at 55.3 last month. PMI is an indicator of manufacturing sector’s health based on sub-components such as new orders, output, employment, suppliers’ delivery times, and stocks and purchases. Indices above 50 signal pmi/PAGE 9

ANTI-POVERTY WATCH: Local government officials of Villanueva, Misamis Oriental led by Mayor Jennie Uy undergo a three-day Community Based Monitoring System (CBMS) workshop at the LKKS Luxe Hotel to mapout strategies and programs designed to curb incidence of poverty in the area. CBMS is a monitoring tool designed to aid local development planners in formulating information-based social development policies and interventions. The activity is sponsored by energy-firm STEAG State Power Inc. (SPI) as part of its EGoLD (Enhancing Governance in Local Development) Program. (Photo Provided)

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Banking&Finance

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Money supply, lending growth pick up in July

MONEY SUPPLY growth picked up in July to hit its fastest pace in two months on strong credit demand, the Bangko Sentral ng Pilipinas (BSP) said yesterday. Domestic liquidity or M3, which stands as the broadest measure of money in an economy, reached P8.8 trillion for the month to rise by 13.1% from a year ago.

This pace is quicker than the 12.4% growth clocked in for June, and is the fastest since the 13.5% climb recorded last May. Month on month, money supply rose by 1%, the central bank said in a statement on Wednesday. “Money supply continued to expand on account of sustained demand for credit,” the BSP said, noting that

demand remained growing across all sectors. Domestic claims expanded by 16.5% in July, slightly slower than June’s 16.9% even as private sector loans rose further. Still, the funds mainly went to key production sectors such as real estate activities; electricity, gas, steam and air-conditioning supply; and for wholesale and retail trade, and the repair of motor vehicles and motorcycles. Liquidity also got a boost as the national government withdrew funds from its c e nt r a l b an k d e p o s it s , pushing net claims slightly higher to 25.4% from 25.3% previously, the BSP said. Posting the biggest growth was the rise in the BSP’s net foreign assets that went up by 12.5%, faster than the 11.1% increase seen the prior month. Steady inbound remittances, revenues from the business processing outsourcing sector, and foreign portfolio inflows

buoyed the figure higher. In contrast, banks incurred bigger foreign holdings for the value of their offshore assets grew, mainly due to investments in government debt papers and interbank loans, partly offset by lower deposits made by foreign banks with their local branches. T h e c ont i nu e d r i s e in money supply showed that overall liquidity stood “a d e q u a t e t o s u p p o r t economic growth,” the central bank said. BANK LENDING UP Loan growth also sustained a rapid doubledigit pace in July, which funded more production activities during the period, according to BSP data. Bank lending increased by 17.7% for the month, a tad higher than June’s 17.6% when computed minus money placements with the BSP. Month on month, the figure rose by 1.2%. Including reverse

repurchase deposits with the BSP, lending growth stood at 16%, down from 16.1% the previous month. At least 80% of the bank credit were used by the productive sectors in July, which rose by 17.4%. In p ar t i c u l ar, l o ans given to the information and communication sector saw the biggest jump at 35.4%, while credit for electricity, gas, steam and air-conditioning supply came second with 26.4%, the BSP said. Lending for financial

and insurance activities (20.7 %) and real estate activities (18.8%) followed to sustain double-digit increases. Me anw h i l e , l e n d i ng for public administration, defense, and compulsory social security went down by 5.4%. In contrast, consumer lending picked up in July to grow by 20.6% coming from 18.7% in June, as households took on bigger car, salary, and credit card loans, that offset a drop in other household loans, the BSP noted.

2017 budget designed to redistribute incomes FINANCE Secretary Carlos Dominguez III on Wednesday told senators that the P3.35trillion national expenditure program (NEP) is an alternative model, designed to redistribute incomes by investing heavily in human capital and accelerating

spending in infrastructure. In h i s pre s e nt at i on during the second briefing by the Development Budget C o o r d i n at i n g C o u n c i l (DBCC), Dominguez said the 2017 budget is an alternative model to globalization that the new government will

harness to reduce poverty from 26 percent of the population in 2015 to 17 percent by the time President Rodrigo Duterte’s term ends in 2022. “It’s what we are proposing in the budget, and the elements to i mprove i nclus iv it y

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are heavy investments in education, health care, the implementation of the RH (Reproductive Health) law and finally, the last one, the needed infrastructure outside the Mega Manila area,” Dominguez said during the two-day presentation of Malacanang’s 2017 budget proposal before the Senate Committee on Finance. “So those are the tools we are developing to reduce poverty and improve inclusivity in our growth,” he added. Dominguez’s statement was in response to a query by Senator Risa Hontiveros regarding an “alternative model” to globalization after the finance chief pointed out that “globalization is a good tool to increase wealth, but not a good tool to share it.” B esides D omingue z, Budget Secretary Benjamin Diokno, Bangko Sentral Governor Amado Tetangco and Socioeconomic Planning Secretary Ernesto Pernia incomes/PAGE 8

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thu-fri|september 1-2, 2016

109 SSS branches to accept LRP applications on all Saturdays of September As part of its 59th Anniversary celebration, the Social Security System (SSS) shall open 109 branches on all Saturdays of September to accept Loan Restructuring Program applications from 8:00 am to 5:00 pm starting on September 3. “We understand that most of our members cannot visit the SSS offices during weekdays given their working schedule so in celebration of our anniversary month, 109 branches will be open on all Saturdays of September to accept LRP applications,” SSS Assistant Vice President for Member Loans Department Boobie Angela A. Ocay said. LRP is open to members with past due loans for at least six months as of April 28, 2016 when the program was launched. Qualified applicants are those who reside or work in a calamity area as declared by the National Disaster Risk Reduction and Management Council (NDRRMC) or the national government. Under the LRP, penalties are condoned as soon as the outstanding principal and interest of the loan is paid. A total of 54 small, 36 medium, and 19 large SSS branches nationwide were selected to facilitate LRP applications based on their transaction volume. In NCR Operations Group for instance, have designated 43 branches to render services for LRP availment namely Cubao, Deparo, Diliman, Fairview, Kalookan, Malabon, Navotas, Novaliches, Paso de Blas, San Francisco del Monte, Valenzuela, Antipolo, Cainta, Mandaluyong, MandaluyongShaw, Marikina, MarikinaMalanday, Pasig Pioneer, Pasig Rosario, Pasig-Rotunda, San Juan, San Mateo, Tanay, Binondo, Legarda, Manila, Pasay-Roxas Boulevard, Pasay-Taft, Recto, Sta. Mesa, Tondo, Welcome, Alabang, Alabang-Zapote, Las Piñas, Makati-Ayala, Makati-Gil Puyat, Makati-Guadalupe, Makati-J.P. Rizal, Parañaque, Parañaque-Tambo, Taguig and Taguig-Gate 3. Meanwhile, 31 branches in Luzon namely La Union, Cauayan- Isabela, Tuguegarao, Balanga, Dagupan, Tarlac, Angeles, Baliuag, Malolos, Meycauayan, Olongapo, Pampanga, San Jose del Monte, Sta. Maria, Bacoor, Biñan, Calamba, Dasmariñas, Lucena, Rosario (EPZA), San Pablo, Batangas, Boac, Calapan, Lemery, Lipa, Odiongan, Puerto Princessa, San Jose Occidental Mindoro, Iriga and Legaspi will also provide special services in four Saturdays of the Anniversary month. Branches located in Central and Western Visayas namely SSS Cebu, Lapu-Lapu, Mandaue, Tagbilaran, Talisay, Ormoc, Tacloban, Bacolod, Dumaguete, Kabankalan, Victorias, Kalibo, IloiloCentral, and Roxas are also assigned to process LRP

applications in all Saturdays of September. SSS Butuan, Cagayan de Oro, CDO-Lapasan, Gingoog, Iligan, Ozamis, Valencia, Bislig, Davao, Davao-Ilustre, Digos, Panabo, Tagum, Toril, General Santos City, Kidapawan, Koronadal, Dipolog, Ipil, Pagadian and Zamboanga branches located in Mindanao region will also participate in extending servicing hours for LRP availment. Members who are residing or working overseas can also visit the nearest SSS foreign offices for LRP availment. “Foreign offices shall put up a special lane to accept and process members’ applications as well as to answer their inquiries related to posting of LRP repayments,” Ocay added. The 21 SSS foreign offices are located in Brunei Darrusalam, Hongkong, Kaoshiung, Macau, Malaysia, Singapore, Taipei, Taiwan, London, UK, Milan and Rome in Italy, Abu Dhabi and Dubai in UAE, Al Khobar, Jeddah, and Riyadh in Kingdom of Saudi Arabia (KSA), Bahrain, Kuwait, Oman, Qatar, San Francisco, California and Toronto, Canada. “Members should bring all the requirements such as identification cards, duly accomplished application form, and affidavit of residency to ensure the smooth processing of applications. These forms are downloadable from our website,” Ocay said. Meanwhile, Ocay also reminded those who already availed their LRP to be diligent in their payments whether they are in full or instalment. “LRP has a conditional waiver of penalties. Penalties shall only be condoned after full payment of LRP balance. If borrower becomes past due again under restructuring, the penalty will not be condoned. ” Ocay pointed out. In related news, SSS is celebrating its 59th founding anniversary with the theme “SSS at 59: Kaagapay at Kabalikat sa Pagbabago”. The pension fund emphasizes its continuing reforms to further improve its operations and service delivery to all members and beneficiaries. SSS Senior Vice President for Luzon Operations Group Josie G. Magana said that all SSS branches will simultaneously conduct the Members’ Day on September 1 from 8:00 to 5:00 pm. Free medical services will be provided in selected branches such as monitoring of blood pressure, fasting blood sugar (FBS) and bone scanning. Exciting freebies and raffle prizes shall also be given to lucky visitors. “Members are very much welcome to celebrate with us our 59 years of providing meaningful social security protection to Filipinos through our wide array of benefits and privileges,” Magana concluded.

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colors with unparalleled detail, as well as appealing black and white images. Its camera quality is as powerful as a DSLR yet portable and packed with dual 12MP rear cameras and an 8MP front camera that produces images in stunning high-resolution. It is also equipped with creative shooting modes that inspire one to produce great photos with the use of IMAGEsmart 5.0 technolog y, Hybrid Focus, and Picture Quality algorithm. This allows users to shoot crisp, clear, and optimized photos in any condition. Various shooting modes are also available such as film, professional, time lapse, and wide aperture among others. Rounding up its powerful features is its premium and elegant design from diamond-cut edges, rounded cur ves, and beautiful aluminum body—all coated in a stunning gold shade. Huawei P9 specs the latest Kirin 955 ultra-fast octa core processor, a massive 3GB RAM, long-lasting 3,000mAh battery, and a reliable triple antenna—all working like clockwork for a fast and seamless performance.

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PH scores high among Starters category of Global Connectivity Index Aspires to be in Adopters, Frontrunners Despite the absence of public investments in enhancing broadband access and speed, the Philippines scored high among Starters category of the Global Connectivity Index (GCI), published by Huawei Technologies, which measures how 50 nations are progressing with digital transformation using infor mat ion and communications technology. St a r t e r s a re c o u nt r i e s in the early stage of ICT infrastructure build-out. The Philippines garnered a score of 33, the highest score given among countries classified as Starters, which are economies with an average GDP of US$3,000 and have GCI range of 20-34. The country advanced two notches from its previous

score in 2015 at 31. According to GCI, countries classified as Starters focus on increasing ICT supply to give more people access to the digital world. According to the GCI report, economies classified as Starters show the following characteristics: ICT investment is less than 2 percent of GDP; E-commerce is low at US$5,000 per capita per year; and about 40% of the population uses the Internet. “Starters are not fully benefiting from the digital economy and its potential to raise incomes and overall quality of life. Policy makers need to ensure ICT maturity enters the second stage, Internet Innovation, so e-commerce can create economic growth. Faster

broadband expansion is necessary to increase supply scores so that most businesses and citizens have affordable broadband access,” the report said. To enter the next category called Adopters, Starters should adopt several strategies that include increase in ICT investment as a percentage of GDP to accelerate nationwide broadband coverage; reduce tariffs and provide subsidies for smartphones to get more smart devices into homes; start planning for high-speed broadband with 4G and fiberto-the-home rollout. Globe has been at the forefront of providing the digital lifestyle for Filipinos. The company persistently called on the government to help develop broadband

a c c e ss by i nve st i ng i n internet infrastructure in rural and far-flung areas. Globe President & CEO Ernest Cu has emphasized that broadband development is particularly relevant in communities where even basic infrastructure services such as roads and bridges are lacking, pointing out that broadband access creates significant impact on the development of marginal areas as this allows the community to conduct business with people all over the world, get information on education, health and government s e r v i ce s. Accord i ng to Cu, mobile operators like Globe are unable to deploy infrastructure in rural areas due to business viability global/PAGE 8

ABCCA - Asian Business Cabletow Cooperative Academy students tensely wait for the announcement of winners during the Lakandula at Lakambini 2016 pageant in connection with Buwan ng Wika celebrations of the school last Tuesday. PHOTO BY Mark Francisco

8

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RAFTHON / HIGALAAY STREET FESTIVAL The Birth: Re-Defining FUN, It’s Not Just Your Typical Rave Party

Before I begin, I have a confession to make. I can't believe I let myself be talked into becoming a core member of a movement that involves two things I managed to elude through the decades; Sports and Dancing. Sports because I’m too lazy to exercise, dancing because I can’t even dance to save my own life. I am the last person to invite if the situation involves you being "invited" by the tribal chief, tied to a tree, bathed in sweet aromas in a foreign jungle just to find out you're being marinated & prepped as exotic tribal dinner. to make my intro short, I don’t like to feel sticky and sweaty and I don't dance... but I CAN DEFINITELY ROCK YOUR SOCKS OFF! Ok, I think that came out a little too strong, my apologies. Well that's me in a nutshell, Drue. But to my close

friends it's Dr. Drue, Drue Dahongpalay, Eurd (Drue read backwards) or my favorite psst/oist bord" Yes, I am what most people would categorize as a "ROCKER DUDE" and Yes, I’m not kidding I really don’t dance. Wait, wait, wait, please.... before you move your eyes to a different section of the page, I know what you're thinking, I can hear your brain saying "Where is this moron leading to??" Very well then, I will tell you my dear reader.... This leads to the day that marks your legacy as Kagayan-ons, the day that the phrase "Higalaay Festival" is not just seen and read in every kind of print media, hung in posts around the city or a fancy colorful segment in an AVP. It leads to the day people from all walks of life come from different places come over to CDO, gather and

Celebrate Friendship. I don't go to Fiestas, I’m kind of claustrophobic, I’m going to have A panic attack in crowd. It feels like out of nowhere someone will grab my arm and force me to dance with the crowd. Thus I stay in the safety of my hosts fortress and indulge in adult beverages and greasy food! I’m quite

confident, while I’m in there no one can grab me and make me dance... but fate has its way of throwing a monkey wrench into my perfectly planned escape. I meet a frat brother in one of our regular gatherings, and we listened to his presentation & after his talk, amazingly, the words that flashed in my head repeatedly are "THIS BROD IS OUT

OF HIS MIND!!!" It's the craziest thing I have heard of, but not to show emotions, and too proud to admit to myself I have no idea what Bro Sean presented, I said "OK YAN TOL AH, SO TELL ME MORE..." and with the enthusiasm of a little boy showing off his new fire truck toy, he told me about his experience in a then recent trip to Dubai and the details

of the potential event. Apparently that night, I have learned a new word, one single word that could make a significant difference between being an “event title on street tarps” and a word which could lay down the concrete foundation to our legacy, not to mention “The Word” that I will be hearing and saying perpetually… RAFTHON.

Incomes...

he said. On investing in human capital, Dominguez said t he gove r n me nt wou l d significantly increase the budgets for health and education, and come up with a program that would provide targeted subsidies for the poor. “At the end of its term, this administration envisions a country at peace with its neighbors and free from the threat of armed rebels and organized crime. We envision a country where the poverty rate is brought down from 26% to 17% through investments that create meaningful jobs, along with an economic strategy that lifts lagging regions into the mainstream,” Dominguez said during the DBCC presentation. Dominguez pointed out that the Philippines has among the highest tax rates in the region and among the narrowest tax bases, a condition that the DOF tax reform program aims to reverse. This tax reform plan, he noted, “aims to lower tax rates and broaden the tax base to align with the systems prevailing in neighboring economies.” Dominguez said that, “as a general rule, the rich will have to pay more in taxes while the vulnerable sectors of society will be protected through highly targeted subsidies and the conditional cash transfer program. We will ensure that ordinary workers and the bottom 50 percent of households will be fully protected through social protection programs.” The tax plan, he said, “will be more transparent, performance-based, highly targeted and, time-bound” to improve the equity of the whole system. D omingue z s aid t he c o u nt r y ’s s t a b l e f i s c a l situation allows the Duterte administration to carry out these reforms. He cited the country’s double-digit revenue growth, which outpaced nominal GDP growth; higher tax collections as a result of tax administration reforms and the implementation of the Sin Tax Law; and the improving debt-to-GDP ratio, which has reduced the outstanding national debt to 44.7% of the GDP by the end of 2015.

Global...

These nations are mainly developed economies and they continually boost user experience, and use big data analytics and IoT to develop a smarter, more efficient society. United States lead the Frontrunners with a GCI score of 74, followed by Singapore with a GCI score 72 and Sweden at 70. To improve their GCI scores, all governments should lead by example in digital transformation for enterprises and citizens, and increase spending on ICT infrastructure to benefit the public. Also, countries need to introduce and train a skilled ICT workforce to unleash the full potential of a digital economy and should partner with more stakeholders to lay a solid digital foundation, encourage cross-domain cooperation, and collaborate with the private sector and financial institutions like the World Bank to create an ecosystem for digital transformation. “Starters need to worry about broadening access. Adopters need to raise the quality of that access, and Frontrunners need to increase the business value created by access,” the report said. According to the GCI report, the global digital economy has emerged as an unstoppable giant that’s growing at 10% or more than triple the rate of overall global economic growth. The worldwide digital economy generated US$24 trillion in e-commerce in 2015 and accounted for 30 percent of all global transactions. Such transactions were on 2.5 billion smart devices spread among the world’s 7.4 billion people. (To view complete report, please see http://www. huawei.com/minisite/gci/en/ index.html).

from page 6

also briefed senators on the proposed General Appropriations Act (GAA) of P3.35 trillion for next year. In his pre s e nt at ion , Dominguez said a proposed tax reform package that the Department of Finance (DOF) is now studying aims to raise enough revenues for programs meant to bridge the chronic income gap between Metro Manila and the other regions. The additional funds to be raised by the government would not only offset the revenue erosion from the planned personal and corporate income tax cuts, but would also fund the gove r n me nt - s e t h i g he r spending on infrastructure like roads and bridges; on human capital such as education and health care; and on social protection like subsidies for the poorest of the poor. Dominguez told members of t h e S e n at e F i n an c e Committee that to realize President Duterte’s vision of inclusive growth—as spelled out in the 10-point socioeconomic agenda— the government must implement a comprehensive tax reform package that includes lowering personal a n d c or p or at e i n c om e taxes and simplifying tax processes, while accelerating spending on infrastructure and investments in human capital. “Obviously, we need to put together a truly transformative tax reform program,” said Dominguez. The country, Dominguez pointed out, “is at a critical junc ture. The next six years can either continue along the path of high economic growth but high socioeconomic inequality, or chart a different path towards shared prosperity that will uplift all. This is why it is so important to fund the 10-Point Socioeconomic Agenda.” “The 10-Point S o cio economic Agenda revolves around the need to maintain sound macroeconomic and fiscal policies, invest in the people, and address the binding constraints to investment and job creation. This is why we need tax reform,”

from page 7

issues. He said the government should build infrastructure, such as submarine cables, and then rent these facilities out to telco operators instead. He stressed the entire country would not be able to optimize the benefits of broadband connectivity unless the government is willing to invest in developing internet infrastructure in “missionary routes”. Globe itself launched early this year a nationwide infrastructure program that would enhance t h e c ou nt r y ’s i nt e r n e t experience within homes and across businesses. The company has already invested $2.2 billion since 2011 to build a modern network and IT infrastructure. For 2016, bulk of its $750 million capital expenditure will be devoted in expanding network capacities with the additional frequencies that it gained access to from the sellout of San Miguel’s telco assets. The company is also aggressively investing in the deployment of a nationwide fiber optic cable system. In t h e G C I re p or t , Adopters are rated higher. These are economies with average GDP of US$15,000 and with GCI score ranging between35-55. Countries in this group see the biggest GDP growth from GCI. Their focus is on increasing ICT demand to facilitate industry digitization and high-quality economic growth. Asian countries under the Adopters category include China and Malaysia both with a GCI score of 44 and Thailand with 37. Meanwhile, Frontrunners are countries with average GDP of US$50,000 and GCI score ranging from 56-85.

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thu-fri|september 1-2, 2016

Repeal... from page 1

learning that Sen. Franklin M. Drilon and Ilocos Sur Rep. Eric D. Singson have respectively refiled bills that failed to pass in the previous congress redirecting the grant of incentives from entities such as cooperatives to other industries that both legislators consider as contributing more to the economy. In his explanatory note, Mr. Singson noted that “redundant incentives must be minimized, if not totally removed, to give way to more productive ones.” Among the redundancies the legislators noted was the tax exemptions granted to cooperatives through Articles 60 and 61 of the Philippine Cooperative Code. Both solons seek the repeal of these two provisions. In the Senate, the measure was refiled last July 4 as Senate Bill 229; it docketed as House Bill 231 at the Lower House. Mr. Ravanera said there are four million individuals nationwide who are all members of cooperatives and these will be utilized to put pressure on the two legislators who filed the Fiscal Incentives Bills. Ravanera is also confident that they have the support of Senators Juan Miguel F. Zubiri and Richard J. Gordon who rode their victories through the cooperatives vote bloc early this year, banking on their positions to oppose any repeal of the tax exemption. “Our roadshows nationwide are ongoing. We will inform all cooperatives that there are existing two bills that have been calendared in Congress that will have serious repercussions against cooperatives,” he said. Mr. Ravanera rallied more than a hundred agriculturalbased cooperatives all over Mindanao in a two-day gathering that started last Tuesday here to discuss the matter, among other pressing concerns.

Award... from page 2

award. With the theme ‘Sustained Par t n e rs h ip, Su s t ai n e d Economic Growth,’ the awards ceremony and appreciation lunch on August 23 was held to acknowledge the agency’s successful partnership with stakeholders and to honor its exemplary support to BSP’s statistical undertakings, information needs, and advocacy programs.

“Due to the value, comprehensiveness, and timeliness of the information/ reports, the agency has provided BSP an annual publication of the report on R eg iona l E conomic Development in the Philippines,” Atty. Mastura said. The agency also has a high track record of cooperation, which is another criterion for the said award category. Atty. Mastura said the age nc y has b e e n op e n to the public through its official website and has been intensifying its information dissemination through the help of media networks. “This is part of our active participation in upholding transparenc y and op en governance by the Hataman administration and in support t o P re s i d e nt D ut e r t e’s executive order on freedom of information that we in the government are mandated to full public disclosure,” said Atty. Mastura. “We make sure that relevant information is being shared with its stakeholders and partners who need ARMM’s investment-related data like the BSP. This is also our way of providing useful knowledge that will further contribute to the advancement of an informed government and society as a whole,” he added. BSP has been giving recognition to its outstanding partners annually as a way of expressing gratitude for the strong support it receives from its partner institutions. (BPI-ARMM/APB/PIA-10)

Summit... from page 2

The participants confirmed their solid commitment in achieving the vision of the regional government based on safe, reliable ports facilities and secure sea transportation, protection of the maritime e nv i ron m e nt s a n d t h e promotion of the rules of national and international maritime law. “We are continuously working to develop safe, integrated and sustained seaports network in the ARMM,” Warad said. (BPIARMM/APB/PIA-10)

Property... from page 5

Mindanao and Visayas region from the country’s major property developers as these areas continue to develop. Organizers have added

Republic of the Philippines Province of Misamis Oriental Municipality of Naawan OFFICE OF THE MUNICIPAL CIVIL REGISTRAR Publication Notice RA 10172 NOTICE TO THE PUBLIC In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-01, Guidelines in the implementation of the Administrative Order No. 1, Series of 2013 (IRR of RA 10172), Notice is hereby served to the PUBLIC that BENGIE B. DUMALAGAN-CHUA has filed with this Office a petition for correction in the entry of sex from ‘’MALE’’ to ‘’FEMALE’’ in the Certificate of Live Birth of BENGIE B. DUMALAGAN-CHUA who was born on May 24, 1972 at Maputi, Naawan, Misamis Oriental and whose parents are ANASTACIO B. DUMALAGAN and LINDA S. BASLOT. Any person adversely affected by said petition may file his written opposition within this office not later than September, 2016. BWM: September 2 & 9, 2016

(Sgd.) MARLON S. DACOCO Municipal Civil Registrar

new categories for the 2017 property awards to include Sp ecial Recognition in Sustainable Development and for Best Mixed Use Development and Best BPO Office Development. The 2017 awards has 28 categories. L a s t y e a r’s w i n n e r s include Megaworld Corp., SM Group and Vista Land Group, garnering multiple accolades. Vista Land Chair Manuel Villar was also chosen Real Estate Personality of the Year. The Philippines Property Awards, organized by the Prop er t yGur u Group, promotes the country’s best current development and latest innovations to wider international audience across Southeast Asia. The winners from the Philippines will compete in the the regional grand finals at the South East Asia Property Awards held annually in Singapore. The Philippines’ Ayala Land Inc. was named Best Developer (South East Asia) in 2014. (PNA)

Energy... from page 5

2,000 having been shot dead so far. On Tuesday the National Police said nearly 900 of the deaths in the twomonth period July-August were attributable to official, or police anti-drug operations. Dureza said the extrajudicial killings have implications on the country’s free-trade agreements with

the rest of Europe. Dureza, however, assured the Belgian government that President Rodrigo Duterte is working within the bounds of human rights. “The Belgian government, who hosts the EU headquarters in Brussels, was very interested to know about the peace process and because of th planned visit of Princess Astrid - sister of King Philippe. [She] is scheduled to come here in May 2017 to head a high-level economic team for investments. So, they’re very interested in informing us of this plan and we’re waiting for that schedule to be finalized.” Dureza said he assured the Belgians, “we share values on the protection of human rights and due process. President Duterte as a prosecutor and lawyer adheres to shared values on the protection of human rights.”

PMI... from page 5

improvement in business conditions while readings below 50 show deterioration. Although the report noted that the figure for the Philippines was in its five-month low, the country’s Manu f a c tu r i ng P M I i s stronger than Vietnam’s index at 55.2, Indonesia with 50.4, Singapore with 50, Thailand with 49.8, Malaysia with 47.4, and Myanmar with 47.2. “C o n d i t i o n s i n t h e Filipino manufacturing

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 44 Initao, Misamis Oriental

EXTRAJUDICIAL SETTLEMENT OF ESTATE KNOWN ALL MEN BY THESE PRESENTS: This EXTRAJUDICIAL SETTLEMENT, made and entered into by and among: RAFAEL ELEAZAR R. LAGO, RESURRECION L. PADERO, NOEMI L. CHING, EMMANUEL R. LAGO and ANTONIO R. LAGO, both of legal age, Filipino Citizens, married and a resident of North Poblacion, Medina, Misamis Oriental, and DANITA R. LAGO and MYLA R. LAGO, both of legal age, single and a resident of North Poblacion, Medina, Misamis Oriental; WITNESSETTH: That the above-named parties, all of legal ages are the surviving heirs of the late RAFAEL T. LAGO, SR., who died without any will on September 2, 2015; That the said deceased, before his death, left a parcel of land and all the improvements thereon, situated at North Poblacion, Medina, Misamis Oriental, more particularly Lot 17-C-3-B-5, Psd104319020222. Containing an area of FOUR HUNDRED THIRTY (430) square meters, more or less. Declared in the heirs of the late RAFAEL T. LAGO, SR. Under Notary Public of DALE BRYAN D. MORDENO. Per Doc. No. 445; Page No. 89; Book No. LXXXVII; Series of 2016. BWM: Sept. 2, 9 & 16, 2016

sector continued to improve in August, again driven by sharp expansions in both new orders and output,” said IHS Markit Economist Alex Gill. IHS Markit survey also noted “sharp expansion” of new businesses in the Philippine manufacturing sector with growth rate in August recording the second highest since the January. “With employment rising overall and buying activity increasing, it is likely that companies will remain in expansion mode in coming months,” Gill added. “ The st rong Au g ust Manufacturing PMI for the Philippines continues to reinforce the strong growth outlook for the Philippines economy in the second half of 2016,” IHS Markit Asia Pacific Chief Economist Rajiv Biswas told the Philippines News Agency in an e-mail. IHS Markit has forecasted that the Philippine economy will expand 6.5 percent for 2016, becoming one of the fastest growing emerging markets in the world. “A key role for government policy will be to improve the business landscape and improve the ease of doing business, in order to drive foreign direct investments (FDIs) into the Philippines’ manufacturing sector,” said Biswas. “G over nment p olic y efforts could catalyze stronger FDI into other sectors of manufacturing including

IN THE MATTER OF PETITION SPEC. PROC. NO. 2016-1371 FOR ADOPTION OF MINORS BREANNE CAMILE GALARPE YABO AND ARIANNE NICOLE LACNO YABO FOR: ADOPTION SPOUSES GARY LEE YOUNG AND ERMA YABO YOUNG Petitioners. X---------------------------------------------, ORDER This petition seeks for the adoption of minors Breanne Camile Galarpe Yabo and Arianne Nicole Lacno Yabo, by the petitioner Spouses Gary Lee Young and Erma Yabo Young. Finding the petition sufficient in form and substance, the same is hereby given due course. Let the hearing be set on OCTOBER 24, 2016 at 8:30 o’clock in the morning, at this Court sitting at the Hall of Justice, Poblacion, Initao, Misamis Oriental. At the expense of the petitioner, let a copy of this Order be published once a week, for three consecutive weeks in a newspaper of general circulation in the Province of Misamis Oriental. The office of the Department of Social Welfare and Development, Regional Field Office X, Cagayan de oro City is hereby directed to conduct a home and child study on the adopting parents, the natural parents and the child to be adopted. He or She is also directed to conduct couseling session with the biological parents of the child to be adopted. The reports thereof shall be submitted to this Court within sixty (60) days from the receipt of this order. Petitioner is directed to make arrangement with the Court Social Worker for the scheduling and incidental expenses in conducting the case study. Let copy of the Order and the Petition be furnished the Office of the Solicitor General, the Office of the Provincial Prosecutor, the Office of the Local Civil Registrar of Initao, Misamis Oriental and the Department of Social Welfare and Development, Regional Field Office X, Cagayan de oro City.

SO ORDERED,

July 14, 2016, Initao, Misamis Oriental.

(Sgd.) MARISSA P. ESTABAYA Presiding Judge

BWM: September 2, 9 & 16, 2016

9

electronics and food processing, which could help to stimulate manufacturing jobs growth,” he added. Moreover, the Nikkei Philippine Manufacturing PMI reported that the Philippine-based manufacturing companies continued to hire additional p e rs on n e l to r amp up operating capacity, however, in a slower rate. Input costs in August also increased with some companies passing higher input costs to clients, making output prices to rise. Firms likewise raised their purchasing activity resulting to higher pre-production inventories. It is the first time for I H S Mar k it to re l e a s e Manufacturing PMI for the Philippines. (PNA)

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

EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND KNOWN ALL MEN BY THESE PRESENTS: This EXTRA-JUDICIAL SETTLEMENT WITH DEED OF ABSOLUTE SALE is made and entered into this 18th day of August 2016 in the City of Cagayan de Oro, Philippines, by and between: HEIRS OF SPOUSES PONCIANO V. FLORES & LUZMINDA G. FLORES, represented by their legitimate children, namely: JOCELYN FLORES BONJE, RENATO G. FLORES, MA. SUSAN G. FLORES, VEVENCIO G. FLORES (deceased) represented by his daughter: MARY JANE G. FLORES, MARIVIC G. FLORES, CHRISTINE G. FLORES, AND ALLAN G. FLORES, AND ALLAN G. FLORES, all of legal age, Filipino citizen, with residence and postal address at District 6, Calaanan, Cagayan de Oro City, hereinafter referred to as the HERS/SELLERS; AND INGRID S. MINOZA AND JOEY T. MINOZA (spouses), of legal age, Filipino citizen, spouses with residence and postal address at Mabas, Balulang, Cagayan de Oro City hereinafter referred to as the BUYER/VENDEE; That the abovenamed parties, are all of legal age, are the legitimate children and sole heirs of the deceased PONCIANO V. FLORES, who died on September 05, 2008 and LUZMINDA G. FLORES, who died on August 16, 2010, all died in Dist. 6 Calaanan, Canitoan, Cagayan de Oro City. That the said deceased, at the time of their death, left a parcel of land situated in DIST. 6, CANITOAN, CAGAYAN DE ORO CITY and more particularly described as follows: LOT 3923-D containing an area of 211 square more or less is the subject “EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND” Under Notary Public of EMELITO J. MARQUIÑO, per Doc. No. 158; Page No. 31; Book No. XI; Series of 2016;. BWM: Aug. 19, 26 & Sept. 2, 2016

BusinessWeek MINDANAO www.businessweekmindanao.com

Lifestyle

Thu-Fri | September 1-2, 2016

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Favorite Homemade Goodies “I love and appreciate good food, especially if they're homemade. Homemade always means, they're made with love. I have a list of my favorite goodies for "merienda" here in Cagayan de Oro City. I usually order them whenever I have guests at home. Here are just some of them.”

Raypon’s Puto is an all-time favorite. They come in 2 flavors, ube and cheese. They’re always made fresh so when you order, you can really taste the flavor. Just the right amount of fluffiness and softness. Always a perfect snack for me. Whenever there’s a party at home, I order these. I save some for myself and I store them in Ziploc bags to be placed in the freezer. They last for a long time when stored properly. You can reheat by steaming or microwave. To make it more delicious, while the puto is still hot, top with a slice of butter to melt on top. For orders, you can call them at +63 915 8455129. It’s P7.50 per piece and they offer free delivery within the city. My mom orders these yummy Caramel Tarts and Yemas for me whenever I have guests. I just tell her, I want the ones from Mrs. Dayrit. Honestly, it was just today while writing this article that I got their number. So, starting now, I can finally do the ordering myself. These tarts and yemas are classics! It’s been a childhood favorite of mine up until now. So good! The tarts’ crust are tender and topped with icing. Those yemas are Filipino candies that’s made with custard and covered with caramel. Soft in the inside and crunchy on the outside. To order, you can call them at +63 917 7071650 and look for Angela Dayrit-Kho.

For more “FOOD” photos, visit my blog at www.EmpressMichelleFrancisco.com

Lolit’s Special Cakes & Pastries. This dessert is called “Mango Cathedral”. A jelly dessert with mangoes in it. This is the favorite of my son, Dominic, as well. He can actually finish the whole box. It’s best when it’s chilled. Super yummy! Must try! Their Blueberry Cheesecake is also a favorite of mine. To order, you can call them at +63 918 4092105.

NCCA calls for proposals, readies grants DO you have a film you want to make? Do you want your local government unit to undertake cultural development projects? Do you have an exhibit in mind that will uplift the cultural consciousness of your community? Do you want to do an arts and cultural festival for your community or school? Do you want to conduct research on a certain aspect of Filipino culture? It is possible for that planned workshop, that painting session, that training on traditional weaving to become reality. The National Commission for Culture and the Arts (NCCA), led by its chairman Felipe M. de Leon Jr., OICExecutive Director Adelina M. Suemith and Deputy Executive Director Marichu G. Tellano, continues to fulfil its mandate of

preserving, developing and promoting of Philippine arts and culture by giving financial and technical assistance to arts and cultural projects. Encouraging artistic creation and empowering the artists and cultural workers, the NCCA is now accepting proposals for projects to be implemented in 2017. It is also looking for implementing partners of projects which have been conceptualized by the agency. For 2017, the NCCA is providing venues for the different regions to articulate their local culture and development concerns which the different programs and projects shall address. In line with this, the priority programs and projects identified are grouped into island cluster—

National Capital Region (NCR), Luzon, Visayas and Mindanao. The NCCA has set two categories of proposals. Category A includes projects which have been conceptualized during the various levels of planning workshops by its various national committees following the identified needs of the locality and where specific outputs and deliverables had been defined. Projects in this category will have three or more component activities. Proponents interested to implement projects under this category may submit a letter of intent. On the other hand, Category B calls for project proposals conceptualized by proponents with due consideration to the important concerns cited in

the project brief and aligned to the identified NCCA priorities and outcomes. Interested proponents may submit a project proposal. Project briefs as well as guidelines and requirements can be viewed and downloaded at the NCCA Web site. Filipino individuals as well as civil society organizations, indigenous peoples’ organizations/ groups, local government units, government agencies, state universities/colleges and public schools are all encouraged to apply. Deadline of submissions of letters of intent and proposals is on September 30, 2016. It must be submitted to the Planning, Policy Formulation and Programming Division (PPFPD) led by its division chief, Bernan Corpuz, at

Room 5-A, fifth floor, NCCA Building, 633 General Luna Street, Intramuros, Manila. Electronic mail submissions are also accepted. Project proposals per identified island clusters may be sent to the following email addresses: ncca. luzon@gmail.com for Luzon; ncca.visayas@gmail.com for Visayas;ncca.mindanao@ gmail.com for Mindanao and ncca.ncr@gmail.com for NCR island cluster projects. Note that all electronic submission must be sent to the abovementioned email addresses for them to be considered official. For more information, please contact Mr. Rene Napeñas, head of the Public Affairs and Information Office, through 09285081057, 527-2192 loc 208 or through email address ncca.paio@gmail.com.

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Capacity... from page 1

by FDC Misamis Power Corporation (FDC Misamis), a subsidiary of the Gotianumled FDC Utilities, Inc. The third unit, also with a capacity of 135-MW, is scheduled for synchronization by the first half of September, making FDC Misamis’ total output to 405-MW. If fully completed, it would make the company as the biggest producer of coal power in Mindanao and significantly l e s s e n t h e bu rge on i ng supply deficit on the island. “To date, FDC Misamis has a generating capacity of 270 MW and is currently supplying over 200-MW into the Mindanao grid. So far, the commissioning test has been running smoothly and we expect to attain the full capacity of 405 MW by this month,” said Mario Pangilinan, president and chief operating officer of FDC Utilities, Inc. The coal-fired power plant, the second in the province after the Steag State Power, Inc. which is also located nearby, is a multibillion peso investment that uses the latest in clean coal technology: the circulating fluidized bed (CFB) boiler technology. Considered as the cleanest process to burning coal, the technology is also known for having higher steam generator efficiency thus lowering carbon emissions. “The operation of the FDC Misamis power project will greatly boost the supply security in the Mindanao region. And this is not only because of its large capacity but also due to its strategic connection to the grid. With this development, our system will be more reliable and the quality of service will be higher,” said Ambrocio R o s a l e s , OIC He a d of Mindanao System Operations Department of NGCP. “Mindanao has been suffering from perennial power crisis for decades, given its high dependence on hydro power compounded by the increasing frequency of the El Niño phenomenon. Our project will finally put an end to this recurring power crisis that has plagued the region and hopefully drive the much needed economic development in Mindanao,”Pangilinan added. Upon commissioning of its third unit, FDC Misamis will be supplying a total of about 500 MW with the inclusion of its 100 MW Apo Geothermal IPPA contract. Long term contractual commitments have been secured for more than 85% of the project’s net capacity with various distribution utilities and large industrial customers in Mindanao. “The entire Filinvest group is committed to Mindanao’s development. This is the biggest investment we have made among the numerous ventures we have undertaken in the region,” Jonathan Gotianun, Chairman of F i l i nve s t D e ve l opm e nt

Corp. (FDC) commented. Filinvest also has significant investments in real estate, banking and sugar in Mindanao. FDC, the holding company of the Gotianunled Filinvest Group, is one of the Philippines’ l e a d i n g c on g l om e r at e s with interests in property development, banking and financial ser vices, hotel and resort management, power generation and the sugar industry. As of June 30, 2016, FDC had assets valued at P448.56 billion with stockholders’ equity at Php100.54 billion.

Power... from page 1

Laguindingan Airport in Misamis Oriental in 2013, she said. The ne w ly inst a l le d 75-MVA transformer was compliant with the N-1 requirement of the Philippine Grid Code, which means that the grid could withstand a major system disturbance through a back-up equipment to prevent outage when other facilities were not available or on scheduled shutdown. Ladaga said that the 75-MVA would ensure an improved power quality by addressing p ossible low voltage that may be experienced by customers in the area. Apart from the Opol Substation, NGCP is also currently working on other projects such as the Mindanao 2 3 0 - k V Tr a n s m i s s i o n Backbone Project, which ser ves to provide an additional and stronger power corridor for the current and upcoming power plants in the northern and southern parts of Mindanao. “We are committed to effect positive change in Mindanao, and the completion of the upgrades on the Opol Substation is a step closer to our goal of providing not only sufficient, but high quality power transmission services for the region,” the NGCP statement said. The NGCP is a privately owned corporation in charge of operating, maintaining, and developing the country’s power grid with a 25-year concession cont rac t to operate the country’s power transmission network. NGCP transmits highvoltage electricity through “power superhighways” that include the interconnected system of transmission lines, towers, substations, and related assets. (PNA)

Centers... from page 1

based Disaster and Health Preparedness to Strengthen the Resilience of 18 DisasterProne Barangays in Cagayan de Oro City project. Construction cost was s h o u l d e r e d b y B M F I ’s generous foreign partners G e r m a n Hu m a n it a r i a n Assistance and Johanniter International Assistance in partnership with the City Government of Cagayan de Oro, Department of Health through the City Health Office, and Disaster Risk

Mambuaya is the “catchbasin” of neighboring hinterland barangays Besigan, Dansolihon, Bayanga and Tignapoloan, expressed gratefulness to BMFI and Johanniter International Assistance for “this great help to our barangay.” “We are forever grateful to you for prioritizing our barangay, especially our health center. It has been our dream to have a hospital here which is why we have reserve this space (referring to the health center site) for that very purpose,” he said. “We humbly accept,” Chairman Wilhelm Valencia simply said when BMFI personnel, led by Executive Director Rochelle Mordeno, and Johanniter’s Athena “Nenen” Banza. Valencia was, of course, referring to the health center building and to every Barangay Lumbia resident’s responsibility of taking care of the center. Barangay Patag’s Marycor Calizo, on the other hand, expressed her thanks to Balay Mindanaw for finally making the barangay one of its partners. She also thanked the Moreno administration

for re cog nizing Pat ag’s potential as one of the city’s “catchbasin” to help take care of patients, even those from neighboring barangays that cannot be accommodated at the city’s JR Borja Memorial Hospital during health emergencies. “This health center is a symbol of our partnership,” she said.

EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF PARCEL OF LAND

EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF PARCEL OF LAND

(Sgd.) CELESTIAL VENUS G. GELBOLINGO Sheriff IV

KNOWN BY ALL MEN BY THESE PRESENTS: this EXTRAJUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE is made and executed this 3rd day of November 2015 in the City of Cagayan de Oro, Philippines, by and between: the HEIRS OF FELISA A. ISRAEL, represented herein by surviving spouse NORBERTO P. ISRAEL, SR. AND THEIR LEGITIMATE CHILDREN NAMELY: ALAN APARTE ISRAEL. of legal age, Filipino citizen, residence address at Aluba Village Subd., Cagayan de Oro City, JOY SILVA ISRAEL CUBILLAN, of legal age, Filipino citizen, residence at Zone 1, Bulua, Cagayan de Oro City, NORBERTO APARTE ISRAEL, JR., MA. FELISA ISRAEL UY AND VERNON APARTE ISRAEL, all of legal age, Filipino Citizen, all married, all residence and postal address at Ebarle St., Corrales Avenue, Cagayan de Oro City, hereinafter referred to as the VENDORS/HEIRS; AND JANE ISRAEL CUBILLAN, of legal age, Filipino citizen, single, with residence and postal address at Zone 1, Bulua, Cagayan de Oro City, hereinafter referred to as the BUYER/VENDEE; that the abovenamed parties, are all of legal age, are the legitimate children and sole heirs of the deceased FELISA A. ISRAEL, who died on October 06, 2014 in Ebarle St., Corrales Ave., C.D.O. without leaving behind any LAST WILL AND TESTAMENT and without any outstanding debts in favor of any person or entity. That the said deceased, at the time of their death, they left a Parcel of Land situated in CAMAMAN-AN, CAGAYAN DE ORO CITY and more particularly A PARCEL OF LAND, known as Lot 41277-D situated in the Barrio of Camaman-an, City of Cagayan de Oro and Island of Mindanao, containing an area of TWO HUNDRED (200) SQUARE METERS, more or less, declared in the HEIRS of FELISA A. ISRAEL is the subject of “EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF PARCEL OF LAND”. Under the Notary Public of EMELITO J. MARQUIÑO, per Doc. No. 369; Page No. 73; Book No. XI; Series of 2015.

KNOWN BY ALL MEN BY THESE PRESENTS: this EXTRAJUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE is made and executed this 3rd day of November 2015 in the City of Cagayan de Oro, Philippines, by and between: the HEIRS OF FELISA A. ISRAEL, represented herein by surviving spouse NORBERTO P. ISRAEL, SR. AND THEIR LEGITIMATE CHILDREN NAMELY: ALAN APARTE ISRAEL. of legal age, Filipino citizen, residence address at Aluba Village Subd., Cagayan de Oro City, JOY SILVA ISRAEL CUBILLAN, of legal age, Filipino citizen, residence at Zone 1, Bulua, Cagayan de Oro City, NORBERTO APARTE ISRAEL, JR., MA. FELISA ISRAEL UY AND VERNON APARTE ISRAEL, all of legal age, Filipino Citizen, all married, all residence and postal address at Ebarle St., Corrales Avenue, Cagayan de Oro City, hereinafter referred to as the VENDORS/HEIRS; AND JEZEBEL ISRAEL CUBILLAN, of legal age, Filipino citizen, single, with residence and postal address at Zone 1, Bulua, Cagayan de Oro City, hereinafter referred to as the BUYER/VENDEE; that the above-named parties, are all of legal age, are the legitimate children and sole heirs of the deceased FELISA A. ISRAEL, who died on October 06, 2014 in Ebarle St., Corrales Ave., C.D.O. without leaving behind any LAST WILL AND TESTAMENT and without any outstanding debts in favor of any person or entity. That the said deceased, at the time of their death, they left a Parcel of Land situated in CAMAMAN-AN, CAGAYAN DE ORO CITY and more particularly A PARCEL OF LAND, known as Lot 41277-D situated in the Barrio of Camaman-an, City of Cagayan de Oro and Island of Mindanao, containing an area of TWO HUNDRED (200) SQUARE METERS, more or less, declared in the HEIRS of FELISA A. ISRAEL is the subject of “EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF PARCEL OF LAND”. Under the Notary Public of EMELITO J. MARQUIÑO, per Doc. No. 368; Page No. 73; Book No. XI; Series of 2015.

BWM: Aug. 19, 26 & Sept. 2, 2016

BWM: Aug. 26, Sept. 2 & 9, 2016

BWM: Aug. 26, Sept. 2 & 9, 2016

Reduction Management Council. “ W h at h ap p e n e d t o the city during Sendong was big eye-op ener for all, especially us in public s er v ice,” expl aine d Dr. Rachel Dilla, City Health Of f icer II, referring to Tropical Storm Washi that devastated Cagayan de Oro and neighboring Iligan City on December 16, 2011. S e n d o n g ’s k i l l e r flashflood wiped out an entire community, save a two-storey concrete house, that sprouted in Sitio CalaCala, Barangay Macasandig. “Thus, Mayor Moreno began thinking of setting up infirmaries in strategic barangays that will serve as catchbasin to cover all of the city’s 80 urban and rural barangays,” Dilla said. However, due to financial constraints, the mayor’s plan only began to be realized four years after taking over the reins of City Hall. Among these barangays are Tablon, Patag, Lumbia and Mambuaya. “ These b arangays were chos en because of their strategic locations,” said Dr. William Bernardo, program coordinator for the project. “ We ’ l l s t a r t w i t h

health centers that can respond to emergencies and disasters,” Dilla said as expressed gratefulness to B alay Mindanaw for its “great contribution to making Cagayan de Oro resilient to disaster and health emergencies.” The newly-constructed health centers have ample provisions for their eventual expansion to become infirmaries in the very near future, Bernardo explained. “We are constructing these infirmaries slowly but surely based on available resources. If you noticed, the design of this health c e nt e r i s a t w o - s t ore y building although at present we only have one storey. This is so that we will no longer demolish any part of the structure if resources become available for the expansion of the building; we will only add another floor and rooms,” he added. The respective barangay chair me n of b arang ays Mambuaya, Lumbia, and Patag each pledged to take care of the health centers for the good of their respective constituents and residents of neighboring barangays. C h ai r m an Fe r n an d o D au g , w ho s e B ar ang ay

Republic of the Philippines Regional Trial Court of Misamis Oriental 10th Judicial Region Branch-20 Cagayan de Oro City HOME DEVELOPMENT MUTUAL FUND ( PAG-IBIG ), Petitioner/Mortgagee, - versus – ROBERTO A. NAVALES married to EMILY JANE L. NAVALES. Respondent/Mortgagor. x---------------------------------------------------/

EJF FILE NO. 2016-353

OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL FORECLOSURE EJF-FILE NO. 2016-353 Upon extra-judicial petition for sale under Act No. 3135 as amended by Act No. 4118, filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG), a corporation duly organized and existing under Philippine Laws, with principal office address at The Atrium of Makati, Makati Ave., Makati City. Against ROBERTO A. NAVALES married to EMILY JANE L. NAVALES, both of legal age, married, Filipino, with postal address at Lot 16, Blk. 17 Bloomingdale Subd., Iponan, Cagayan de Oro City, to satisfy mortgage indebtedness which as of July 4, 2016, amounted to FOUR HUNDRED SEVENTY SEVEN THOUSAND FIVE HUNDRED THIRTY ONE & 55/100 PESOS (Php477,531.55), Philippine Currency, inclusive of interest and penalty charges, attorney’s fees and expenses of foreclosure, the undersigned or duly authorized deputy will sell at Public Auction on October 25, 2016, at 10:00 a.m. or soon thereafter at the main entrance of the Tourism Hall Building, at City Hall of Cagayan de Oro City to the highest bidder, for CASH or manager’s Check in Philippine Currency, the following property/ ies described below with all the improvements included thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-196528 “ A PARCEL OF LAND with all IMPROVEMENTS THEREON (LOT 16, Block 17, Pcs-10-003948, Portion of: Lots 3615-B, Psd-10-04675, 24178-A, Psd-10-009444, 3614-A-1-B, Psd-10-009566, 24178-B-1, Psd-10-010320, 24178-B-2-A, Psd-10-052968, 24178-B2-B1, Psd-10054199, 24178-B-2-B-6, Psd-10-054199, 4178-C-1, Psd-10-054997, 3605, Cad. 237, Cagayan Cadastre. As Surveyed for: Liberty Land Corp., Land Use: Residential. Location: Iponan, Cagayan de Oro City. Island of Mindanao Xxx Containing an area of FIFTY (50) sq.m. Registered in the name of ROBERTO A. NAVALES married to EMILY JANE L. NAVALES. All sealed bids must be submitted to the undersigned on the above-stated time and date. In the event Auction Sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title herein above-describe encumbrances thereon, if any there be. Done this 9th day of August, 2016, at Cagayan de Oro City, Philippines.

DA...

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He said other than root crops, brown rice offers nutrient and fiber-rich bran and germ, while white rice holds only the residual tasty white bit that makes up the bulk of a grain and gives only pure carbohydrates. Brown rice is rich of B vitamins, selenium, manganese, fibers, antioxidants and good fats. Meanwhile, in support t o t h i s a d v o c a c y, DA r e c e nt l y l au n c h e d t h e “brown for good” social media campaign, urging the public to participate by posting photos with hashtag #BROWN4good(your region) and tagging friends to do the same. (JCV/PIA-10)

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thu-fri|september 1-2, 2016