BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 043
Market Indicators
As of 6:10 pm september 9, 2016 (friday)
FOREX
PHISIX
US$1 = P47.098
7,581.79
26.1 cents
X
85.28
X
points
Briefly Vibrant labor WITH faster and improved quality of economic growth, the Philippine labor market continues to show vibrancy as unemployment and underemployment rates fell in July 2016, according to the National Economic and Development Authority (NEDA). According to the Philippine Statistics Authority’s Labor Force Survey (LFS) for July 2016, the employment rate rose to 94.6 percent to reach 41.0 million employed. This rate is higher than the results in all of the previous July rounds of the LFS since 2011. “Our growing economy, which is largely driven by output expansion in the services and industry sectors, has created more and better jobs,” said Socioeconomic Planning Secretary Ernesto M. Pernia.
Consumer confidence CONSUMER outlook improved for Q3 2016, as the overall confidence index (CI) turned positive and registered its highest reading at 2.5 percent from -6.4 percent for Q2 2016. This indicates that the optimists outnumbered the pessimists for the first time since the nationwide survey started in Q1 2007. The CI is computed as the percentage of households that answered in the affirmative less the percentage of households that answered in the negative with respect to their views on a given indicator. A positive CI indicates a favorable view, except for the inflation rate, the peso-borrowing rate, unemployment and change in prices, where a positive CI indicates the opposite. The overall consumer CI measures the average direction of change in three indicators - overall condition of the economy, family financial situation and family income.
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IN-DEPTH
Mon-Tue | September 12-13, 2016
NGCP to cut off Buseco from grid
P15.00
Blackout to grip B’dnon
By JIGGER J. JERUSALEM, PNA with GERRY L. GORIT, Reporter
T
HE Province of Bukidnon faces a widespread blackout star ting this week due to the unsettled power bills by power distributor Bukidnon Se cond Electric Cooperatives (BUSECO), report said Friday. Elizabeth Ladaga, the spokesperson of the National Grid Corporation of the Philippines (NGCP), has confirmed the notice of disconnection Thursday. The affected areas are the city of Malaybalay and part of Valencia and the municipal towns of Lantapan, Cabanglasan, Impasug-ong, Sumilao, Manolo Fortich, Malitbog, Libona, Baungon and Talakag. blackout/PAGE 11
CALM LAKE. A boy on a canoe makes way among the numerous fish cages in Lake Sebu, one of the major tourist attractions in South Cotabato province. The provincial government is planning to regulate the fish cages in the scenic lake. MindaNews photo by Keith Bacongco
ERC defers approval of 8 power supply deals By MYRNA VELASCO, Contributor
AT l e a s t e i g h t p o w e r supply agreements (PSAs) will not be approved by t he Energ y R egu l ator y Commission (ERC) for lack of environmental compliance certificates (ECCs) for their power projects. The ERC has announced to the media that it resolved “to hold in abeyance the processing of applications for approval of PSAs which
have not secured the required ECCs from the Department of Environment and Natural Resources (DENR).” ECC is a requirement for power projects in the country seen posing risks to the environment with their carbon footprints. The supply contracts to be affected include that of t he Ast ronerg y and deals/PAGE 11
DOE orders tighter security for power lines THE Department of Energy has directed generation companies, the National Grid Corporation of the Philippines, and distribution companies across the country to tighten security around energy assets following another bombing incident, this time, of NGCP’s Tower 103 in North Cotabato Saturday. According to DOE spokesperson Wimpy Fuentebella, Energy Secretary Alfonso Cusi wrote the energy stakeholders, asking them security/PAGE 11
Security concerns has added to the power problem in Mindanao.
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Economy 2 First TECH-nnovation Mindanao businessmen push for Fair in IIT launched enactment of new land use policy S Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
mon-tue|september 12-13, 2016
U R I G AO C i t y - Re cognizing some inconsistent laws and conflicting land uses, Philippine Chamber of Commerce and Industry (PCCI) officials and d el e g ate s of t h e 2 5 t h Mindanao Business Conference (MinBizCon) had proposed for the passage of the Land Administration Reform Act (LARA) and National Land Use Policy (NLUPA) Act. At present a number of bureaus and of f ices under the Department of Environment and Natural Resources, Department of Agrarian Reform, the National Mapping Resources and Information Authority (NAMRIA) and National
Commission on Indigenous People (NCIP) were among the government agencies involved in land surveying, mapping classification, titling and registration functions leading to the issuance of different land tenurial instruments in the country. It is hoped that the Duterte administration and the 17th congress will favorably act on aforesaid resolutions that will streamline land surveying, mapping, classification, titling and registration processes to be placed in one responsible agency. Wit h s ome e x ist i ng i n c on s i s t e nt l aw s , t h e resolution also proposed for the enactment of a National Land Use Policy Act and recommend updating of
comprehensive land use plans that will provide broader framework on land allocations objectively considering vital land requirements for settlements, production, commercial and industrial uses, environmental management of protected and key biodiversity areas among others. One of the concerns i s t h at v a s t p o t e nt i a l agricultural lands remain unproductive due to absence of appropriate land tenurial instruments. While some environmentally critical, key biodiversity conservation and watershed areas are within mining exploration and mineral production sharing agreement (MPSA) areas. It has to be noted that
in the last meeting of the Economic Development Committee of the Surigao City Development Council, Uriel Correos Assistant City Planning and Development Officer proposed for endorsement of the passage of the LARA Bill be considered in the MinBizCon resolutions of which the Surigao Chamber of Commerce and Industry has duly supported. DTI Provincial Director Celestino L. Negapatan, vice chairperson of the City Economic Development Committee appreciated that the PCCI leadership had gave priority for the pushing of the land administration act that will hopefully paved the way for settlements of policy/PAGE 11
ILIGAN City -- There was a time when we used to emphasize on instruction as our sole role in the landscape of educational institution in our country. But today we inaugurate the fact that we also emphasize not only in instruction but of the other mandates of a higher educational institution which is research and extension. Thus, said Chancellor Sukarno D. Tanggol in his welcome address during the Opening Program of the 2016 TECH-nnovation Fair at the College of Engineering Amphitheatre. This was the first TECHn n ov at i on Fai r of t h e Mindanao State UniversityIligan Institute of Technology (MSU-IIT) held on August 30-31, 2016. The TECH-nnovation Fair, with its theme “Advancing
Technopreneurship and Innovation in Mindanao,” is the highlight in celebrating Au g u s t a s I n n o v a t i o n Convergence Month in Iligan. The Te ch-nnovat ion Fair includes activities such as exhibits, Techn ov at i on l e c t u re s a n d workshops, cluster closed door presentations, and a university-industry linkage meeting between MSU-IIT and Fluor, Philippines. The op e ni ng of t he program on August 30 kicked off with a ceremonial cutting of the ribbon at the Exhibit Area situated at the Institute Gymnasium, witnessed by some MSU-IIT faculty, staff, students, Tech Fair exhibitors and viewers. Chancellor Tanggol, Vice Chancellor for Research and Extension Jinky Bornales, fair/PAGE 11
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Level III water supply system turn-over. Mayor Oscar Moreno (3rd from right) leads the turn-over ceremony of the Level III Water Supply System to the residents of Pagatpat relocation site on September 2 at Pagatpat covered court.(Jay Arancon/ PIA10)
CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011
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wednesday|september 13, 2016
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Opinion
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mon-tue|september 12-13, 2016
Let the Message Speak to Filipinos More Than Anything Else
Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO
ALLAN mario MEDIANTE
Vice President for Corporate Affairs
Joe felicilda
Vice President for Administration
joe palabao
Vice President for Marketing
NELSON CONSTANTINO Editor-in-Chief
Cheng ordoñez
gilbert y. chao
Executive Editor
Motoring Editor JOEL ESCOL
BONG FABE
Feature Editor
Associate Editor
CLIFFORD SANTILLAN Layout Artist
JUN AYENSA
mel-rose codilla
Regional Editor Caraga
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ATTY. MARIO T. JUNI
Cris diaz mike baños Uriel quilinguing Contributing Editors
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Hard Habit to Break Think a minute…Are you in the habit of putting salt on your food? Maybe you have a habit of thinking you’re not smart and that you’ll never succeed in life. Don’t forget, your habits control your life. What we keep doing every day becomes our life! As the saying goes: “Plant your thought and you’ll reap your action. Plant your action and you’ll reap your habit. Plant your habit and you’ll reap your life.” After awhile, our habits become such a part of us that we don’t even notice when we’re doing anything wrong. So we end up doing wrong things naturally, whether it’s lying, cheating and stealing, gossiping about others, getting drunk, being lazy, or whatever our bad habits are. But the great news is that you can break your bad habits and change your life! You see, just like you learned your old bad habits, you can learn new ones—if you really want to. And, if you get the help and power you need. Did you know that to get to the moon it takes more power for that rocket to lift off and break away from the earth’s pull of gravity than all the power it needs to travel to the moon and back to earth—half a million miles! That’s how strong the earth’s
THINK
A Minute
Jhan Tiafau Hurst pull of gravity is. You see, our bad habits pull us down like gravity. So breaking and changing those bad habits is not always easy. But Jesus Christ has the power you need so you finally can lift off and start breaking away from those wrong habits. It’s only then you’ll be free to learn new, good habits, such as always being honest, speaking positively about others, enjoying more time getting close to your family members, always doing your best work on the job, reading the Bible and talking to Jesus every day, and getting involved in a church that teaches the truth from the Bible about Jesus, God the Son. These good habits and many others will enable you to live a happy, successful life. hurst/PAGE 11
That President “Ro dy” Duterte scathingly remarked about US President Obama’s plan to talk about human rights issues in a meeting has spawned various reactions. But do not overlook Duterte’s unwonted candidness that earned him high respect from locals and foreigners alike based on social media feedbacks. He earned respect because speaking from the heart is far more respectable than using “diplomacy” tact as a blandishment of dishonesty in trying to get allegiances no matter how pretentious. Who really like sweet-talking enemies? As for Duterte, however, he regretted some remarks because he really did not mean to ruffle feathers with Obama. Yet his honesty is what bears real weight: the intimation is really for his countrymen. I then remember how it
supports a quote that says no great tree grows under the shades of another great tree. The essence is no nonsense: do not expect a superpower from a puppet mindset a c c u s t om e d t o s e r v i l e philosophies. If all our efforts should mean a difference in our well-being, we must correct faulty philosophies— that is a priority. It seems we must first think about our true independence from the powers-that-be after the era of colonization ended a long time ago. If we analyze our tastes and preferences, we are still unfortunate lackeys— first to alien ideas, second to ourselves. Look at our movies sidelined in favor of Hollywood: legislators did not correct the plight of our ingenuity to satisfy mere commercial values. Look at our gatherings: did I notice “inglesero” culture to impress albeit we all speak Filipino
or our dialects? Many fellow netizens lack vision and self-awareness. Duterte, when he aired his controversial remarks, was understandably exasperated with this prevailing purblindness bumping into senseless self-contempt dubbed as Doña Victorina Syndrome. Little do my countrymen know that if they continue what they seem to enjoy doing—being shamed of their own culture as Doña Victorina did in Rizal’s Noli—they lose their self-confidence and a healthy sense of pride as a people. They destroy their core assets necessary for take-off in a knowledge-based economy. In so doing, they convince themselves repeatedly that they do not deserve a higher notch in achievement as other nations do. Is this so albeit we also flaunt of Manny Pacquiao and Lea Salonga
lucell larawan in our midst? We really need allies from other nations, but let us build partnerships on honesty, integrity and trust. If there is a sense of inequality in partnerships, we better hear the eloquence of wisdom from what some call “regrettable opportunity” of a meeting with Obama. When did we realize we have been lackeys of our own seeming dislike for self-awareness?
Printing money, minting coins, refining gold If t h e re i s on e s i ng l e Philippine institution that affects all Filipinos , directly or indirectly, across all classes, ages, genders, occupations, every single day of our lives, I would say it is the Bangko Sentral’s Security Plant Complex (SPC). Why? Because the SPC is the Philippine institution that exclusively prints our money and mints our coins, which we use for our daily activities and transactions. Also, the SPC refines our gold for sale to the international market. Over the years, SPC has taken on additional fumctions. The SPC now also produces state decorations and presidential medals, judicial forms for the Land Registration Authority, passports for the Department of Foreign Affairs and commemorative coins and medals for government and private institutions. 38 years ago - September 7, 1978 to be exact - what was then called Security Printing
Plant or SPP was inaugurated in a Fort Knox-like complex located along East Avenue, Quezon City. The name has since evolved to Security Plant Complex or SPC to reflect the additional functions that the institution has assumed. During SPC’s anniversary celebration last week, Bangko Sentral Governor Amando M. Tetangco, Jr. was all praises for the SPC officers and staff led by Assistant Governor Dahlia Luna for SPC’s “continous drive to innovate and to integrate.” Tetangco noted that SPC has “delivered consistently high quality banknotes, coins and refined gold.” Tetangco noted that “in the case of gold, the Philippines has proven that we can meet the exacting standards of the London bullion Market Association’s (LBMA) requirements for assaying and bar quality.” Tetangco also proudly noted that the entire SPC complex is ISO-certified for operations (ISO 9001). Tetangco announced
that under the SPC TenYear Plan, “construction of a new state-of-the-art Mint Plant is underway and its completion early next year … will also allow further expansion and enhancements in our banknote printing operations.” Later in the morning, Tetangco inaugurated, among others, a new power substation designed to ensure sufficient supply even in case of total power outages. For most of our history except during the time when the Bank of the Philippine Isl ands pr inte d “p es os fuertes” for the Spanish insular government starting 1852 - our country’s coins and banknotes were produced abroad. However, the shortages in bills and coins in the early 1960s prompted the government to seriously consider the idea of producing currency in the country instead of importing all our requirements. While part of our printed money requirements (and
SPEAKING
O ut
Ignacio Bunye all coin blanks) is still outsourced, local production now insures that we are able to maintain a comfortable buffer and contingency supply at all times. Printed money has to be replaced regularly. Printed money has an average shelf life of one to three years, depending on frequency of use. Expectedly, lower denominated bills have a shorter life span than higher denominated bills. In 2008, on my first week as then newly-appointed member of the Monetary bunye/PAGE 11
Manila Rotarians push peace projects LIFE’S INSPIRATIONS: “… `Peace I leave with you; my peace I give you. I do not give to you as the world gives. Do not let your hearts be troubled and do not be afraid’…” (Jesus Christ, our God and Savior, in John 14:27, the Holy Bible). -ooo SO, POTUS OBAMA, WHAT IS THE “RIGHT WAY” VS. DRUGS? US President Barack Obama’s urg ings t hat President Duterte should conduct the Philippine anti-drug campaign in the “right way”, without even pretending to specify what, indeed, is the “right way” in the campaign to eliminate or at least minimize the scourge
of illegal drugs, smacks of a useless peroration coming from a leader who himself failed to combat drugs in his own country. I mean, Obama’s tirade against the violent and deadly war against drugs in the Philippines could have been more meaningful and relevant if he, at the same time, offered specific solutions to combatting the menace that, in the course of several generations, either killed or disabled many Filipinos. That there was no solution at all from Obama showed that he, as the US leader, merely wanted to portray himself as a leader whose sole desire was to free-ride on a higher moral ground
at the expense of Duterte, and make the Philippine leader look like a monster of a leader. To me, it would have been a lot better for Obama to have remained silent on the issue. -ooo HERE’S A WORTHY R O TA RY P R O J E C T : RECOGNIZING GOV’ T EMPLOYEES ANNUALLY: There is a need to institutionalize a system of regularly recognizing and giving awards to teachers and other employees of the government, separate, distinct, and independent from current award-giving activities being undertaken by private foundations like the Metrobank Foundation.
K akampi
Mo A ng Batas
Atty. Batas Mauricio Unknown to many, many teachers and government employees discharge their duties and responsibilities with the highest degree of professionalism and efficiency, and yet they are batas/PAGE 11
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mon-tue|september 12-13, 2016
RAFTHON / HIGALAAY STREET FESTIVAL # WE ARE ONE (2nd of several parts)
Why come up with RAFTHON you might be wondering…? Ok, let me ask you this, when people ask you where you’re from and you answer Cagayan de Oro, their reaction would likely be (if they know their geography) “Mindanao?? Di ba nakakatakot sa inyo? Hindi ba magulo sa inyo?”. So, the concept is really an advocacy to alleviate the negative impression on Mindanao by capitalizing on what CDO has that other Philippine cities don’t have? You guessed it right! White Water Rafting. Just like Dubai has its vast desert, Siargao has world class surfing waves, Benguet has the Rice Terraces, we have White Water Rafting. RAFTHON or Rafting with Marathon, originally conceptualized to be a competitive event but later on adjusted to make it more of a “Fun Team Activity”. RAFTHON has two categories, RAFTHON CHALLENGE (Raft-BikeRun) for the adrenaline junkies & the ADVENTURE FUN RUN (Raft & Run) for individuals who want to cross the finish line still having a selfie-ready smile intact. Then when all the paddling, pedaling, running is done, the day culminates
with the Higalaay Street Festival where in everyone is invited to the biggest bonding activity closing the festivities! It just makes sense, we promote Rafting and at the same time we celebrate Friendship. We hope that this event will tear down the walls that divide us: race, color, religion, gender, ideology. Easily said than done. During the early planning stage, this is what happened. The production team listened, slowly absorbing, learning to understand the concept of RAFTHON. Then delegations and subcommittees were formed for coordination with the Oro Association of Rafters, CDO TRI Team, & Circle Productions, all veterans of each individual events within RAFTHON. That’s not it, we also have to consider participant’s water safety, road safety, and security. We anticipated that being the fiesta season everybody will be busy doing their own assignments. I was tasked to do Audio-Imaging & Media Coordinator during the preparation/planning stage, then shifted to photographer during the race proper, then s t re am i ng c o ord i n at or during the street party. Not
to mention during the start of the promotion period there were pocket events at the malls, bartending contests for the Official Higalaay Drink to be served during the street party, and the preparations for the street party were also handled by the Core Group. Imagine trying to fit a whirlwind in a can of sardines. But we’re not going to dwell much on that, let’s jump right in the middle of the revelry! The Higalaay Street Party set-up was at the Limketkai parking lot D, around 7pm after the awarding of the RAFTHON winners at the Ayala Centrio Mall, I headed to the venue to check out developments. All seems to be ready for the big night. The stars of the night were the best of the best local CDO Club DJs to dish out the music, the one that earned my respect was THE RAINMAN, the one to handle the hard part, to gather the crowd and get them dancing. Not an easy job. I have heard crickets at a dancefloor once when the DJ over tried to pump-up the crowd to get up to “get down”. Not the Rainman, he did it smoothly, like butter sliding down the kernels of a hot corn cob bought from the ambulant manong vendor.
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CorporateWorld
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mon-tue|september 12-13, 2016
Del Monte narrows losses
D
EL MONTE Pacific Ltd. narrowed its losses during the three months ended July on seasonal weakness in sales along with one-time expenses.
In a disclosure to the Philippine Stock Exchange on Friday, the company reported a net loss of $8.7 million during the first quarter of its fiscal year (FY) 2017 that began in April. The result was down 18% from the $10.7-million loss booked in the previous year. Del Monte, which also trades on the Singapore Mainboard, historically incurs losses during the first quarter, with sales accounting for only 1921% of the full-year result. The company saw its sales decline 3% to $465.5 million. Accounting for 75% of sales, its subsidiary in the United States -- Del Monte Foods, Inc. -- generated 6% lower revenue in the amount of $350.9 million. Del Monte attributed its weaker performance in the US to the “continued impact of unbranded sales, i.e.
unsuccessful low-margin US Department of Agriculture bids from the second half of FY2016 plus reduced sales in private label and foodservice business lines.” The company, however, managed to increase its market share across branded canned vegetable and fruit along with the College Inn broth, which expanded 17% 32% in terms of volumes, amid an indust r y-wide contraction. In the Philippines, Del Monte logged a 14% increase in sales on the back of expanded penetration and increased consumption of its packaged pineapple, c u l i n ar y pro du c t s an d beverages brought about by new advertising campaigns. The foodservice segment continued to outperform the market after growing 28% in the Philippines during the quarter. Sales from the S&W
branded business in Asia and the Middle East, meanwhile, improved 12% mainly due to strong sales of canned fruit in North Asia supported by improved distribution. In C h i n a , t h e S & W tie-up with Burger King to supply pineapple slices for its burgers boosted the brand’s performance. The business also benefited from its co-branding of fresh pineapple products in partnership with a leading distributor. The company’s share of loss in the FieldFresh joint venture in India declined to about $300,000 from $400,000. Hig her s a les and production efficiency allowed the partnership to sustain positive earnings before interest, taxes, depreciation and amortization (EBITDA). Still, the company realized a 20% increase in EBITDA to $23.7 million due to lower operating expenses as a result of initial savings from a restructuring that started in FY 2016. The first-quarter results, however, suffered from one-
off restructuring expenses amounting to $4.9 million before tax, including costs arising from the closure of the North Carolina plant. Del Monte also completed an organizational realignment. Wit h out t h e n on recurring expenses, the company achieved a recurring EBITDA of $28.6 m i l l i on or 2 5 % h i g her than the year-ago level. The recurring net loss, accordingly, dropped to $5.9 million from $9 million. “We continue to drive improvements in our cost structure and this is reflected i n t he h i g he r E BI T DA performance of the group in the first quarter,” Del Monte Managing Director and Group Chief Executive Officer Joselito D. Campos, Jr. said in a statement. “With the first quarter being seasonally the weakest quarter in the US, we expect improved profitability in the coming quarters. We continue to align operations with our strategic direction to strengthen the Group’s core business, gain market share, increase margins
P
CINEMA 1 WEDNESDAY TO TUESDAY AUGUST 31 TO SEPTEMBER 06, 2016
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to return to profitability before FY 2017 ends, as sales usually peak in the second and third quarters around Thanksgiving and Christmas.
Villar group allots P1.3B for All Day expansion THE VILLAR GROUP is further expanding its retail business with seven more All Day Supermarket branches requiring around P1.3 billion in investments until next year. In a me dia br ief ing in Laguna on Thursday, bi l li onai re and for me r Senator Manuel B. Villar outlined plans of having five supermarkets in operation before yearend and opening another five next year under the All Day Supermarket brand. The group, which invests in the retail space through All Value Holdings Corp., opened its third All Day Supermarket in Sta. Rosa, Laguna on Thursday. This follows the supermarkets launched at Starmall EdsaShaw in Mandaluyong City and Vista Mall Taguig within the last two years. “We will open our fourth in three to four weeks’ time
in Bataan and then we will open our fifth in Daang Hari, likely in December,” said Mr. Villar, chairman of All Value Holdings, with each branch costing less than P180 million. The group is looking to open five more All Day Supermarket branches in 2017 to grow the network to 10 branches spanning about 20,000 square meters. The All Day Supermarket in Sta. Rosa, Laguna is the largest opened by All Value Holdings to date. Mr. Villar said subsequent branches will be even bigger than the 4,500-square meter store, with the Bataan outlet spanning about 500 square meters more. All Day Supermarket intends to redefine grocery shopping experience by offering a wide assortment of goods, bigger floor areas, villar/PAGE 11
Globe intensifies campaign against broadband fraudsters
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and expand into adjacent categories as part of a longrange plan to grow our sales and profits in the years ahead.” D e l Mo n t e e x p e c t s
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GLOBE Telecom’s intensified campaign against fraudsters led to the arrest of 7 fraudsters involved in the illegal sale of the company’s LTE modems. The campaign is intended to protect its customers from illegal activities involving its products and services. “We strongly discourage our customers from purchasing internet connectivity devices from unauthorized dealers and instead entertain offers of various Globe products and services only from legitimate agents,” said Ronald Uychutin, Globe Vice President for Security and Anti-Fraud and Investigation Division. He added that Globe will
continue to coordinate closely with police authorities in pursuing its campaign against fraudsters. A series of entrapment operations jointed conducted by police and a Globe security team resulted in the arrest of 7 suspects involved in the illegal sale of Globe modems. Arrested were David King Esguerra, 33 years old, a resident of No. 79 Guimba, Nueva Ecija; John John Mamuyac, 28 years old, a resident of 19-C Camilo Osias St., Brgy. Kaligayahan, Quezon City; Marc Searle Arboleda, 25 years old and Ma. Joanna Garcia; 25 years globe/PAGE 10
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mon-tue|september 12-13, 2016
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Banking&Finance
Landbank-DBP BOI-approved investments merger shelved T H E G OV E R NA NC E Commission for Governmentowned or -controlled corporations (GCG) has formally dropped the plan of the Aquino administration to merge the state-run lenders Land Bank of the Philippines (Landbank) and the Development Bank of the Philippines (DBP). In a st ate me nt , t he Finance department said the GCG en banc canceled Executive Order 198 signed by former President Benigno S.C. Aquino III, with the new government keen on keeping the two governmentowned banks as they cater to different markets. “Both were created for different purposes. I don’t see any rational reason to put t hem together,” Finance Secretary Carlos G. Dominguez III was quoted as saying in the statement. Mr. Dominguez said the DBP provides long-term financing for borrowers, while the Landbank serves as an avenue for shortterm credit to farmers and agricultural workers. Apart from Mr. Dominguez, Budget Secretary Benjamin E. Diokno, GCG Chairman Jaime Ma. F. Flores II and Commissioners Michael P. Cloribel and Samuel G. Dagpin, Jr. signed the order.
PROPOSALS JUNKED Efforts to merge the two state-run banks started during the 16th Congress, with Landbank chosen as the surviving entity given bigger assets and a wider branch network. The proposal sought to “rationalize government operations” as it is deemed redundant to have two stateowned banks. The House of Representatives approved the proposal, but it failed to clear the Senate. The merger is also seen to float the fused entity to be among the top 25 banks in Southeast Asia upon economic integration. However, Mr. Dominguez said the focus in keeping the banks was public service rather than combining assets to end up with a bigger entity. The Cabinet official added that the planned merger needs a law from Congress before being carried out, contrary to the previous government’s attempt to implement using an Executive issuance as basis. Landbank was the third biggest bank in terms of assets as of the first quarter with P1.285 trillion, while DBP came in seventh with its P483.083-billion asset base, according to central bank data.
up by 98% in Jan-July 2016
I
NVESTMENTS approved by the Philippine Board of Investments (BOI) in the first seven months of the year reached P210.37 billion, remarkably up by 98% from the P106.08 billion posted in the same period of 2015. The investment pledges were generated from 192 projects with total estimated job generation of 37,487 expected at full operations. The increase in investments from January to July 2016 was attributed mainly to the approval of notable big ticket power and infrastructure projects such as the Limay Premier Power Corp., GMR Megawide Cebu Airport Corporation, Light Rail Manila Corporation (LRMC), and two renewable energy projects - Bayog Wind Power Corp. and Cordillera Hy d ro E l e c t r i c Pow e r Corporation, with generating capacity of 150MW and 60MW, respectively. Compared with the same period last year, energy projects surged 325% this year, accounting for 51% of total approvals. For the month of July, among the top approved projects are El Elyon Power
Plan Phils. Inc. (P11.64 million), with a generating capacity of 160MW in Sarangani Province, and Luzon Clean Water Development Corp. (P8.38 million), a PPP project for the Bulacan Bulk Water Supply Project (Stages 1 and 2 –under the concession agreement with the MWSS). The other sectors topping investment approvals are construction, followed by mass housing, manufacturing and the transportation and storage sector. Major manufacturing sub-sectors include food products; motor vehicles, trailers and semi-trailers; fabricated metal products; leather and other related products; wearing apparel; and other manufacturing products. Singapore top investor Singapore topped the list among the foreign country investors in the first seven months with investments worth P9.83 billion or 27% share to total approved foreign investments during the period. Netherlands came in second with investments of P7.12 billion, followed by South Korea with P6.42 billion, Japan with P5.69
billion and British Virgin Islands with P2.02 billion. Region 3 got the highest investments approvals worth P44.32 billion or 21% share to total approved investments. The National Capital Region (NCR) came in second with committed investments worth P37.05 billion. Significant investments were also directed to Region IVA; Region VII; Region XII; Region I; Negros Island Region; and CAR. “Investments coming in are in sectors that will elevate our competitiveness such as in power and infrastructure,” said Trade Undersecretary and BOI Managing Head Ceferino Rodolfo. “Dispersion of investments in the region had also changed. NCR usually receives the highest amount of investments, but now, investments are dispersed as other regions take the lead in attracting more investments,” he said. Trade S ecretar y and B OI C hai r man R amon Lopez said that the agency expects approved investment pledges to further grow on the back of sound economic fundamentals and sustained investor confidence.
“While confidence in the economy remains with investments continuing to pour in, the government is pursuing a number of strategic investment policy and promotion initiatives in a bid to further strengthen its efforts in attracting a massive flow of domestic and foreign investments in the country particularly those that would bring in new technology,” said Lopez. To achieve these, Lopez said the government will synchronize the investment promotion efforts of all the investments promotion agencies (IPAs) to support Philippine branding. “We will be more focused on promoting strategic investments to position the country as a world class investments destination,” Lopez said. The agency is looking at modernizing the current investment incentives regime by proposing amendments to the 1987 Omnibus Inve st me nt s C o d e. “In granting incentives, we will focus on creating decent jobs in the Philippines. As such, bias against foreign investors and bias against boi/PAGE 10
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mon-tue|september 12-13, 2016
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CorporateEvents
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SM group reaches out to local investors mon-tue|september 12-13, 2016
S
M Investments Corporation (SM) reached out to more local investors as it underscored Philippine corporate growth. SM, with subsidiaries SM Prime Holdings and BDO Unibank, recently concluded retail investor seminar in partnership with CitisecOnline.com in Cebu, Cagayan de Oro, Davao and Manila which drew thousands. “Investor education is very important to SM and we do our part by going around the country to share the long-term growth plans of the group. Historically, foreign investors dominated
our minority investor base who gained immensely from the strong share price performance of SM and its listed subsidiaries. We want to encourage more local investors to likewise gain from the business acumen of the Sy family,” Cora Guidote, SM Senior Vice President for Investor Relations said. Since listing in the stock market in 2005, SM’s share price grew by a compounded annual growth rate of 17.4%. As a result, market capitalization grew to PHP819.1 billion as of end-August from PHP127.2 billion in 2005, reflecting the support of investors,
particularly those of foreign institutional funds over the last 11 years. A PHP10,000 investment, bought during IPO would be PHP46,920.82 if sold as of December 2015, notwithstanding cash dividends declared during those years. SM has earmarked between PHP70 to PHP80 billion every year in an aggressive expansion bid in the Philippines, fueled by the local economy’s strong momentum. Supporting this capital commitment, SM posted an 11% growth in consolidated net income of PHP15 billion in the first six months of the year.
From left: Marvin Fausto, Consultant at COL Financial; April Lee Tan, Head of Research at COL Financial; Richard Tan, FVP of Investor Relations and Corporate Planning at BDO Unibank; Teresa Cecilia Reyes-Agsalud, VP for Finance at SM Prime Holdings; Cora Guidote, SVP for Investor Relations at SM; Tim Daniels, Consultant for Investor Relations at SM during the SM COL Financial Seminar held in Cagayan de Oro.
PLDT, Smart provide text service, connectivity for PNP hotline ‘Text-Bato’ allows citizenry direct access to the Chief PNP
LEADING telecom and digital ser vices provider PLDT and its mobile subsidiary Smart C om mu n i c at i ons are providing a text platform and internet connectivity for the PNP’s ‘Text Bato’ hotline ser vice of the Phi lippine Nat iona l Police (PNP). Te x t B a t o i s t h e 24/7 hotline project of the PNP’s Community Relations Group that allows ordinary citizens to report crime incidents and law enforcement c on c e r n s d i re c t l y t o the police chief director Ronald “Bato” Dela Rosa. Smart subscribers can text relevant police concerns by typing BATO (space) their message then sending to 74442286.
Once these reports reach the hotline, the Text Bato platform will shoot a conf irmation to the sender with ‘PNPBATO’ as the unique sender name. The PNP will then verify these reports to determine the appropriate course of action. Smart also assigned a dedicated wireless device for Dela Rosa himself to personally access all incoming messages and even have the option to directly reply to every message sender. In designing the platform, the PNP took into consideration citizens with access to “ordinary” mobile phones with mere call and text functionalities. To support this, PLDT
and Smart Spokesman and Public Affairs He a d R amon Isb e r to said that the telco will be committed to help the PNP in making its services widely accessible to the general public. “Aside from enabling this service, we also pledge to support the PNP in protecting the privacy of participating subscribers and in ensuring the confidentiality of each message transmitted to the text hotline,” relays Isberto. PLDT is also backing up the hotline system by providing internet connectivity at the Text Bato Operations Center. This will provide round-
the-clock support for Dela Rosa in verifying the text reports and mobilizing speedy response. To complement the 911 emergency hotline, Text Bato will focus on getting citizen-generated reports about law enforcement and police concerns such as leads on criminal activities, erring cops and traffic management issues, just to name a few. Text B ato mess age syntax for Smart subscribers: - B AT O ( s p a c e ) message then send to 7444-2286<tel:74442286>. - P1 fee applies for every SMS.
10 Bonbon celebrates Tambanipa Festival
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mon-tue|september 12-13, 2016
Story by MARK FRANCISCO
BARANGAY Bonbon led by the indefatigable barangay chair Jacky Biongcog-Merto once again celebrated the Tambanipa Festival in honor of the feast of its patron saint Señor San Nicolas de Tolentino. Tambanipa is a portmanteau of the abundance of tamban and nipa in the barangay. Tambanipa Festival 2016 kicked off with Araw ng Bonbon last September 1 via a mass at the covered court and a motorcade after. By evening was the Barangay Night in Hawaiian theme where Zone 4 grabbed first
Batas... from page 4
not only unrecognized and therefore are unappreciated in their gallant and heroic efforts, but are even subjected to so much abuse by their own superior officers sometimes.
HD Crew became the champions. place. September 6 was The next day, the skim boarding there was a field competition which awed demonstration by residents and visitors Bonbon Elementary alike. The evening School and a special was marked with the presentation by its arnis Tambanipa Festival team followed by the Attire and Fashion Show. Teachers Night a few There was also a boat hours later. race, billiard tournament On September 3, and boxing on the there was a ballroom seventh day of the weekdancing followed long festival. by Bingo Sosyal on In the float parade September 4 as well as and street dancing Mr. PYAP 2016 in the competition on evening on that day September 7, Zone 4 where Carl John Betaizar was awarded the most was the declared winner. beautiful float, Zone There was a Laro ng 6 became the Best in Lahi on September 5 Street Dancing and followed by a hiphop Jasmine Nicole Jadap of dance contest in the Zone 3 became Festival evening in which Queen.
Perhaps, Rotarians from all over the Philippines can pool their resources together and launch this kind of a project, similar to the journalism awards handed out annually by the Rotary Club of Manila, the oldest Rotary Club in the Philippines which was
established here in 1919. With 30,000 or so Rotarians from Aparri to Jolo, they can monitor who is serving well and deserving of recognition. -ooo MANILA ROTARIANS PUSH PEACE PROJECTS: Rotary International, with its 32,000 clubs and about 1.2 million members around the world, had been embarking EXTRAJUDICIAL DEED OF PARTITION KNOWN ALL MEN BY THESE PRESENTS: this AGREEMENT OF PARTITION, entered into by and among the heirs of Sosimo V. Sabo and Monica Abalde, Sosiso V. Sabo was the sole heir of Tomas Sabo and Basilia Villarus, the title holder of a parcel of land located at Pagatpat, Cagayan de Oro City covered by Original Certificate of Title (OCT) No. P-23, who died intestate in Cagayan de Oro City, without any debts or obligation of whatever nature, Sosimo V. Saba and Monica Abalde left Eight (8) daughter heirs as their sole heirs, namely: ADELFA S. YAÑEZ, of legal age, married and a resident of Pagatpat, Cagayan de Oro City. PAULITA S. CAAGBAY, of legal age, widow and a resident of Zone 8, Carmen, Cagayan de Oro City. MYRNA S. YANEZ, of legal age, married and a resident of San Simon/ Pagatpat, Cagayan de Oro City. EMMA S. MALACAT, of legal age, married and a resident of Pagatpat, Cagayan de Oro City. ANGELITA SALVANA, of legal age, widow and a resident Nazareth, Cagayan de Oro City. MARIA LOURDES A. SABO, of legal age, single and a resident of Carmen, Cagayan de Oro City. LEONILA S. LEGASPI, of legal age, married and a resident of Matangad, Gitagum, Misamis Oriental. ARTEZA S. GALARPE, of legal age, married and a resident pf Pagatpat, Cagayan de Oro City; WITNESSETH: That the parties herein are the sole heirs and co-owners in equal share of a parcel of land described in Original Certificate of Title No. P-23 ( FP No. 42711) of the Registry of Deeds of Cagayan de Oro City, more particularly described Lot 3176, Cad-237 containing an area of FIFTY THREE THOUSAND FIVE HUNDRED AND TWENTY THREE (53, 523) SQUARE METERS, more or less; Under the Notary Public of LEANDRICIA M. MONSANTO per Doc. No. 184; Page No. 35; Book No. V; Series of 2004. BWM: September 5, 12 & 19, 2016
Jasmine Nicole Jadap
on “peace and conf lict initiatives” in the four corners of the globe, in the hope of ending age-old disputes or, at least, preventing them from erupting into major wars waged by nations against nations, kingdoms against kingdoms. This is a greatly laudable direction for Rotar y International (RI), which is now famous the world over as the international organization of choice when it comes to responding to the needs of the truly poor and marginalized. But as far as District 3810 of RI and the Rotary Club of Intramuros are concerned, however, peace and conflict initiatives are geared towards solving conflicts at the local level. Under the leadership of District 3810 Gov. Ernest EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH WAIVER OF RIGHTS KNOWN ALL MEN BY THESE PRESENTS: This Extra-judicial Settlement of Estate with Waiver of Rights is made and entered into by and between: GERARDA A. ALABA, of legal age, widow, Filipino citizen and a resident of No. 187, Zone 2, Bayabas, Cagayan de Oro City, hereinafter referred to as the HEIR-WAIVOR; and WYNELOVE A. ALABA, of legal age, single, Filipino citizen and a resident of No. 187, Zone 2, Bayabas, Cagayan de Oro City, hereinafter referred to as the HEIR-WAIVEE. WITNESSETH: WHEREAS, the above named HEIRS are the surviving spouse and legitimate child, respectively, of the late, CARLITO M. ALABA, who died intestate on August 04, 2009 at Zone 2, Bayabas, Cagayan de Oro City, WHEREAS, the decedent at the time of his death, left a parcel of land which is more particularly Lot 5873I-2, Psd-10-005880, situated in the Barrio of Bayabas, City of Cagayan de Oro, Island of Mindanao. Containing an area of THREE HUNDRED SIXTEEN (316) SQUARE METERS, more or less. Under Notary Public ATTY. MARISSE GAY G. LICO-ABALDE. Per Doc No. 454; Page No. 91; Book No. 30; Series of 2016. BWM: Aug.29, Sept. 5 & 12, 2016
Yuyek and RC Intramuros All Star President Judge Angelina Mauricio (my wife), lectures and seminars are now conducted to teach barangay officials, teachers and school administrators, parents, and workers, to look for solutions to disputes arising in their work and family environments, using the most basic legal concepts. Mabuhay!!! -ooo PLEASE WATCH OR L I S T E N : “ Ta m b a l a n g 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.
Globe... from page 6
old, both residing at No.119 Tabing Ilog St. Brgy. Aniban II, Bacoor City, Cavite; Michael Pascua, 29 years old, a resident of Block 2 Lot 2 Sunny Crest Royale Brgy. Salitran 2, Dasmariñas City; Thomas Jefferson, 33 years old, a resident of Block 3 Lot 1 Masalud Vill Brgy. Salinas 1, Bacoor City, Cavite; and Angeline Manlapao, 20 years old, a resident of Block 5 Lot 1 Nueve de Pebrero St., Brgy. Mauway, Mandaluyong City. The entrapment operations conducted against the suspects were based on a list of online
sellers of Globe LTE modems, either through OLX.com.ph or Facebook. With police personnel posing as online buyers, suspects agreed to meet them which led to their eventual arrests. The suspects are believed to be engaged in a modus operandi that involves retrieval of LTE modems from legitimate customers on pretext of an upgrade or repair. The modems are then reconfigured and sold at a one-time cost payment in popular social online buyand-sell sites such as OLX and even networking sites such as Facebook. Police recovered from the suspects numerous Globe LTE modems. Uychutin emphasized the company will continue to work closely with police authorities in pursuing fraudsters.
BOI... from page 7
those serving the domestic market will be removed. Further, if the economic provisions of the Constitution will be amended, greater foreign equity in sectors that are crucial to improving the competitiveness of industries such as infrastructure and utilities like telecommunications, roads, ports, and airports, may be allowed,” said Lopez. Apart from this, the Trade Secretary said the agency is also looking at linking the Philippine Economic Zone Authority and other ecozone locators with the domestic MSMEs as suppliers of raw materials, intermediate parts and components.
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mon-tue|september 12-13, 2016
Blackout... from page 1
Ladaga said Bukidnon S u b - Tr a n s m i s s i o n Corporation (BSTC) has requested the NGCP to shut down the MalaybalayMaramag 69-kilovolt power line on Sept. 15, 2016. According to Ladaga, the NGCP would carr y out the request because all other matters concerning the BUSECO and the BSTC would only be between the two entities. “The NGCP would cut the power lines on the requested d at e u n l e s s t h e B S T C withdraws its request, which would mean that BUSECO has settled its power bills,” Ladaga said. BSTC is operating the 69-kilovolt sub-transmission system in the province of Bukidnon serving BUSECO and the First Bukidnon Electric Cooperative, Inc. (FIBECO). T he B STC bi l l s t he BUSECO and FIBECO as customer distribution utilities for the connection charge and residual sub-transmission charge and applicable Value Added Tax (VAT). Nikki Tortola, the chief operating officer of BSTC, said they would release the total amount of BUSECO liability after the culmination of the hearing conducted by the Energy and Regulatory Commission (ERC) Friday. In a st ate me nt , t he BUSECO management said that “the BSTC’s notice has caused confusion and anxiety to BUSEC O’s memb erconsumer-owners.” “The notice of disconnection was a kind of economic sabotage and was a harassment without legal basis,” the BUSECO statement said. Provincial Governor Jose Zubiri, of Bukidnon, said that he has received the BSTC letter about the impending power shut down in most parts of Bukidnon. He said if the disconnection pushes through, the power consumers should stage a rally in order to bring the problem to the attention of President Rodrigo Duterte. “It is time to replace the BUSECO Board of Directors for failure to serve the interest of the people of Bukidnon,” Zubiri said. (PNA)
Deals... from page 1
Misamis Oriental Electric Cooperative II; Delta P and Palawan Electric Cooperative; Cebu Electric Cooperative a n d M a r i v e l e s Po w e r Generation Corporation (MPGC); Tarlac Electric Cooperative I and MPGC; CEBECO II and MPGC; Aurora Electric Cooperative and M P G C ; Pamp ang a Electric Cooperative II and MPGC; and Tarlac Electric Cooperative I and MPGC. ERC C hair man Jos e Vicente B. Salazar noted that they had initially concurred to the request of DENR Secretary Gina Lopez to hold off for now the approval of supply contracts of those power projects without yet
the necessary environmental clearances. He stressed “the ERC fully shares DENR’s concern to ensure the protection of the environment and i s d e t e r m i n e d t o h e lp safeguard the people’s right to a balanced and healthful ecology in accordance with the Constitution.” While the environment dep ar t ment s oug ht for deferment of approval of power supply contracts, ERC qualified that it only deferred those that do not have their ECCs yet.
Security...
from page 1 to come up with extra security measures to guard their facilities to prevent disruptions in power supply. Fuentebella said the agency is also closely coordinating with investigators to see whether this is related to the explosion that killed 14 people at the Roxas night market in Davao Friday night. Tower 103 is the 7th transmission tower bombed in Mindanao so far this year. The other transmission towers bombed earlier this year: • Tower #63 of KabacanSultan Kudarat, a 138kv line in Aleosan, North Cotabato • Tower #50 of Agus2Kibawe, a 138-kv line in Dimayon Bubong, Lanao del Sur • Tower #63 of KabacanSultan Kudarat, a 138kv line in Brgy. Pagangan, Aleosan, Cotabato • Towers 95 and 96 of NGCP’s Kibawe-Kabacan, a 138-kv line in Brgy. Kitulaan and Brgy. Aroman, Carmen, North Cotabato • Tower #25 of KibaweAgus 2, a 138kv line in Brgy. Linamon, Ramain, Lanao del Sur The NGCP said the company hopes to finish repairs of the bombed tower by Wednesday. Besides internal contingency measures, NGCP is als seeking help from local residents in reporting suspicious activities around these facilities. The bombing, said Fuentebella, “triggered the move in DOE to call on all owners of energy assets to come up with extra security measures to ensure safety.” Gil Listano, head operations and maintenance at NGCP, said for his part that “we need the help of communities to report untoward incidents or any suspect activity for us to be active in our response.”
Policy... from page 2
land use conflicting issues among various interest groups and the eventual issuance of appropriate land tenurial instruments that can ultimately lead to improved land valuation, increase production and sustained economic growth. (DTI-Surigao del Norte/PIASurigao del Norte)
Fair...
from page 2
and Chief Executive Officer and President of Hybridigm Consulting Ma. Antonia Odelia Arroyo led the cutting of the ribbon. With them were Chief Operating Officer at Hybridigm Consulting John Christopher Orlina and Intellectual Property UnitInnovation and Technology Support Office (IPU-ITSO) General Manager Marietta Esperanza Cruz. A s er ies of le c tures on Innovation, Technopreneurship and Commercialization followed. In his opening remarks, Chancellor Tanggol said that the Institute is now into the mode of doing research, innovating products and finally commercializing them. “The bottom line is to improve the goods and services to our people. One of those means is helping our businesses innovate their products so that they will offer good services to the public,” Tanggol said. (Michelle Jeanne C. Caracut, OPI/MSU-IIT/PIA-10 LDN)
Hurst... from page 4
It’s up to you. Remember, if you don’t start to change the wrong habits in your life today, your life will likely never change. So when you die, you’ll still be living the way you are right now. Today, why not ask Jesus to forgive you for your old wrong habits and way of living? Then ask Him to give you His power to start living His right, successful way with your new good habits. You have nothing to lose and everything to gain. Just Think a Minute…
Bunye... from page 4
Board, I had the unique opportunity to observe how paper money, coins and gold bullions were produced. Then Director Nestor Salanio of the Banknotes and Securities Printing Department walked me
Republic of the Philippines Province of Misamis Oriental Municipality of Initao -oOoCCE -0032-2016 R.A 10172
Date: August 31, 2016
In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A. 10172), Notice is hereby served to the public that CRIS P. CARTILLA has filed with this Office a petition for change of first name from “ “ to “ “ and correction of entry in sex from “MALE” to “FEMALE” or correction of entry in the date of birth from “ “ to “ “ in the certificate of live birth of CRIS P. CARTILLA at Initao, Misamis Oriental and whose parents are GAUDIOSO C. CARTILLA and LUZMINDA P. PAGULONG. Any person adversely affected by said petition may file his written opposition with this Office not later than September 23, 2016. BWM: September 5 & 12, 2016
(Sgd.) ISAIAS A. JARALES Municipal Civil Registrar
through the various stages of currency, coin and gold bullion production. Director Salanio explained that our banknotes are printed on security paper, made of special paper and abaca fibers, using intaglio and offset printing techniques. Coins, on the other hand, are produced by stamping the impression on imported coin blanks. I also had the chance of touching a huge pile of uncut 1,000 peso bills. Stacked almost shoulder high, the uncut bills, I was told, had a total face value of P3.2 billion. I e ven had the rare opportunity of holding a 12.5-kilo bullion made up of almost 100 percent gold. Salanio said it was worth P15 to P16 million depending on the current price of gold in the world market. The bullion was minted from gold purchased from local miners. The bullions are kept in the vault but this particular piece, I was told, was “reserved” as a prize for SPC’s lucky
visitor. “And who might that lucky visitor be?” I asked. “Sir, anyone who can lift the 12.5 kg bullion using only two fingers.” Note: You may email us at totingbunye2000@gmail. com. You may also “like” us in Facebook at “Speaking Out”.
Villar... from page 6
beautiful store interiors and unique services, Mr. Villar said. The supermarket, which opens as early as 8 a.m., features an organic or allnatural section, a “Paluto” section where customers can have their choice dishes cooked and a “Quick Fix” section for hardware and repair needs, among others. “All of our supermarkets are successful. The response from consumers is very good. They have an upscale look but the prices are low so they cater to the masses,” Mr. Villar said. All Day Supermarket is riding on the growing middle class in the Philippines, Mr.
Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region BRANCH 42 Medina, Misamis Oriental -o0oHDMF (Pag-IBIG Fund) as rep. EJF FILE NO. 358-M(2016) by its Branch Manager, Mortgagee, FOR: EXTRAJUDICIAL FORECLOSURE OF REAL ESTATE MORTGAGE -versus- UNDER ACT 3135. AS AMENDED BY ACT 4118 ELYNN V. MOLINA Mortgagor. x---------------------------------------/ SHERIFF’S NOTICE OF EXTRAJUDICIAL SALE Upon extrajudicial petition for sale under Act 3135. As amended by Act 4118 filed by the HDMF (Pag-IBIG Fund) as rep. by its Branch Manager, against ELYNN V. MOLINA, mortgagor, with residence and postal address at Maanas, Medina, Misamis Oriental, to satisfy the indebtedness of the mortgagor to the former in the amount of NINE HUNDRED SEVENTY EIGHT THOUSAND EIGHT HUNDRED FIFTY ONE PESOS & 73/100 (P978,851.73), Philippine Currency, including interest due, penalties and other charges as of April 25, 2016 plus all other expenses incurred in connection with this petition and sale, the undersigned RTC-Branch 42 Sheriff’s sell at Public Auction on September 29, 2016 at 10:00 o’clock in the morning or soon thereafter at the Hall of Justice, RTC-Branch 42, Medina, Misamis Oriental to the highest bidder for cash and in the Philippine Currency, the following property with all improvements thereof, to wit: TRANSFER CERTIFICATE OF TITLE NO. 136-2014001727 A PARCEL OF LAND (LOT 19, BLOCK 7, PCS-10-001586, BEING A PORTION OF LOTS 16-G-3-A AND LOT 16-G-3-B PSD-10-019173), SITUATED IN THE POBLACION, MUNICIPALITY OF MEDINA, PROVINCE OF MISAMIS ORIENTAL, ISLAND OF MINDANAO, BOUNDED ON THE NW, ALONG LINE 1-2 BY LOT 16-G-4, PSD-10-005419; ON THE NE., ALONG LINE 2-3 BY LOT 18; ON THE SE., ALONG LINE 3-4 BY RAOD LOT 7; ON THE SW., ALONG LINE 4-1 BY LOT 20, ALL OF THE SAME BLOCK OF THE CONS. SUBD., PLAN PCS-10001586, BEGINNING AT A POINT MARKED “1” ON PLAN BEING N., 59 DEG. 00’ W., 773.59 M. FROM BLBM. NO. 1, CAD-347, MEDINA CADASTRE THENCE; 1-2 N., 77 DEG. 04’ E., 7.60 M. TO POINT 4; 4-1 N., 12 DEG. 56’ E., 9.60 M. TO POINT 3; 3-4 S., 77 DEG. 04’W., 7.60 M. TO POINT 4; 4-1 N., 12 DEG. 56’ W., 9.60 M. TO POINT OF; BEGINNING, CONTAINING AN AREA OF SEVENTY THREE (73 SQUARE METERS MORE OR LESS. ALL POINTS REFERRED TO ARE INDICATED ON THE PLAN AND MARKED ON THE GROUND BY PS CYL CONC. MONS 15 X 40 CM. BEARINGS TRUE, DATE OF ORIGINAL SURVEY NOV. 6 – DEC. 15, 1931 AND THAT OF THE SUBDIVISION MARCH 2, TO APRIL 11, 1995 EXECUTED BY CALVIN C. FERNANDEZ., GEODETIC ENGINEER AND APPROVED ON JULY 13, 1995. In the event of failure of bidding of auction sale cannot take place for whatever reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective bidders/buyers may investigate for themselves the title and tax declaration herein above described and encumbrances thereon, if any there be.
Medina, Misamis Oriental, July 19, 2016.
BWM: Aug. 29, Sept. 5 & 12, 2016
(Sgd.) ALFRAN R. MABELIN RTC- Branch 42 Sheriff IV
Villar noted. “And I think in the last six years, we’ve seen a leveling up and I see this happening going forward. In the next six years, people will continue leveling up.” The Villar Group also invests in a full-service home furnishing business under the AllHome brand. In an earlier interview, Mr. Villar said All Value will invest around P1.2 billion to add seven more branches to the network of 13 stores. All Value Holdings opened its 13th AllHome outlet at the Vista Mall in Antipolo City in mid-July. The next seven stores are planned within the National Capital Region and nearby provinces and slated to open by mid-2017.
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EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE DECEASED EDNA EBRALE PEREZ KNOWN ALL MEN BY THESE PRESENTS: This EXTRAJUDICIAL SETTLEMENT made and executed by and among the HEIRS OF EDNA EBARLE PEREZ, namely: JUSTINO A. PEREZ, of legal age, Filipino, widower and a resident of #72 VDR Compound, Zone 2 Tablon, Cagayan de Oro City, and the surviving husband of the deceased; DANIEL RAMON EBARLE PEREZ, the surviving son of the deceased and herein represented by his aunt/attorneyin-fact, AURORA FABRESISMALAYAS, per special Power of Attorney dated January 13, 2016 and notarized as Doc. No. 176, Page No. 36, Book No. 190, Series of 2016 of the notarial registry of Atty. Mario T. Juni of Cagayan de Oro City; CLARISSE PEREZ-RANTANEN, the surviving daughter of the deceased and herein represented by her aunt/attorney-in-fact, AURORA FABRESIS-MALAYAS, per special Power of Attorney dated January 13, 2016 and notarized as Doc. No. 176, Page No. 36, Book No. 190, Series of 2016 of the notarial registry of Atty. Mario T. Juni of Cagayan de Oro City; HEIRS OF JAYPEE JAMES PEREZ, deceased son and herein represented by his surviving wife, MICHELLE . PEREZ, of legal age, Filipino, widow and a resident of #72 VDR Compound, Zone 2 Tablon, Cagayan de Oro City; WINESSETH: That the abovenamed parties, all of legal age, are the legitimate husband/children and the sole/compulsory/surviving heirs of the deceased EDNA EBARLE PEREZ who died on August 24, 2013 in Cagayan de Oro City; that the deceased, EDNA EBARLE PEREZ, at the time of her death, left four (4) parcels of land and one (1) motor vehicle which particularly described as: Lot 3338-B, Psd-10-043878 containing an area of THREE HUNDRED SEVENTY TWO (372) square meters more or less., Lot 330-A, Psd-10-043880 containing an area of ONE THOUSAND ONE HUNDRED THREE (1,103) sq. m. more or less., Lot 3297-A, Psd-10-043877 containing an area of FOUR HUNDRED FORTY SIX (446) sq. m. more or less., Lot 3390-F, Psd-10-043879 containing an area of THREE HUNDRED TWENTY EIGHT (328) sq. m. more or less, both situated in Brgy. Tupsan, Pequeño, Mun. of Mahinog, Prov. of Camiguin, Island of Camiguin. Under the Notary Public of ATTY. MARIO T. JUNI. Per Doc. No. 264; Page No. 53; Book No. 195; Series of 2016. BWM: September 5, 12 & 19, 2016
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mon-tue|september 12-13, 2016
ORO CHAMBER
and
Participating Organizations:
Present the Business Seminar :
EMPOWERING the
PERSONAL FINANCIAL PLANNING for SMEs
at Rosario Pavillon, Limketkai, Cagayan de Oro City - September 24, 2016 - 1:30 PM PRESENTOR :- VETERANS BANK
HOST : BUSINESSWEEK MINDANAO & ORO CHAMBER PARTICIPANTS: - EAGLES Members Oro Chamber Members PERSONAL FINANCIAL PLANNING for SMEs TOPICS: Part 1- Setting up Financial Goals •Money Personality Test •Overcoming obstacles to Financial Security •Steps in creating effective financial goals Part 2- Measuring your Personal Financial Health •Steps in preparing your Personal Cash Flow Statement •Steps in preparing your Personal Cash Flow Statement •Formula of the Rich
Lions Members
SOPI Members
Rotary Club
Guests
o How much should you pay yourself? o How much is your business worth? o How Business Insurance can protect your business o Symptoms of a failing business o How to raise funds for expansion •Investrepreneurship o How Stock Market works o Common Misconceptions about Stock Market Investing o How to Profit from the Stock Market o Rules in Investing o Investment Strategies
Part 3- Effective Budgeting and Debt Management •How to create an effective budget/spending plan that works •Leveraging Debt: Good Debt vs. Bad Debt •How Manage Personal Debt
Part 7- Philippine Economic Outlook Q and A
Part 4- Building your Personal Financial Safety Nets •How to compute for Emergency Fund •Reasons why Life and Health insurances are a MUST •Computing for the right insurance coverage
Jesijohn “Jesi” Bondoc, RFP® is a current Director of My Wealth MD and Partners, Inc., an investment consultancy firm. He is a Registered Financial Planner and Certified Investment Solicitor. Has more than 10 years experience in the financial services industry
Part 5- Building your own nest egg for Retirement •Current situation of Filipino retirees •Retirement mistakes to avoid •How to compute and save for retirement needs Part 6- Growing your money wisely •Where to invest? o Business o Real Estate o Paper Assets/Stocks •Must Knows for Entrepreneurs o Accounting 101 and Useful Financial Ratios o How to manage cash flow
SPEAKER PROFILE - MR. JESI BONDOC
Jesi writes in MoneySense Magazine and Business Mirror on topics covering personal finance and investments. He has conducted multiple personal finance and investment seminars to various companies and associations in the Philippines that includes Prulife UK, AXA, Smart Communications, PLDT, Aspac International, Instone Philippines Inc, Ateneo Graduate School, De La Salle University, DHL and more. Jesi regularly appears as a financial expert on ANC channel’s TV show “On the Money.” He is a BS Accountancy graduate with more than 10 years experience in the financial services industry.