BusinessWeek Mindanao (September 13, 2017)

BusinessWeek MINDANAO CREDIBLE

Volume VIII, No. 42

Market Indicators

As of 6:00 pm September 12, 2017 (tuesday)

FOREX

PHISIX

US$1 = P50.89

8,049.31

12.7 cents

X

26.56 points

Briefly

X

Psychosocial services ILIGAN City -- Fifty-five health workers of evacuation centers in Iligan City underwent Mental Health and Psychosocial Services Training on Resilience and Coaching, at the National Emergency Operations Center, Pala-o, Iligan City.

This training was initiated by the National Youth Commission (NYC) in partnership with TrainStation Philippines (TP), a company that provides learning tracks for organizational development and personal enhancement.

Through the health workers assigned in evacuation centers, NYC and TrainStation aim to aid internally displaced persons (IDPs) in their mental health and psychosocial needs.

“We will help them have more resilience para mas mabuo ang kanilang isip at damdamin lalo na pag may mga kalamidad o disaster,” said Carelle Mangaliag, president and CEO of TrainStation.

Contractualization bill THE Employers Confederation of the Philippines (ECOP) has expressed anew concerns over certain provisions in 25 pending House of Representatives bills tackling the issues of contractualization and workers’ security of tenure.

The ECOP Technical Working Committee met August 17 to further firm up the association’s position over “questionable or objectionable prescriptions” in some of these House bills pending deliberation before the House Committee on Labor and Employment.

ECOP said it is currently drafting an “employer’s version” of the bill on contractualization and security of tenure to be submitted to the committee upon the request earlier of committee chair Rep. Randolph Ting.

The organi zati on has listed at least 10 provisions contained in these bills that it claimed contradict “fundamental legal principles governing these two issues.”

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Wednesday | September 13, 2017

Aboitiz ramps up offer of RE capacity under RCOA phase

By MARK FRANCISCO Staff Writer

T

O U R I S M stakeholders in Mindanao are still scrambling to sell Mindanao as a safe investment and tourist haven d espite the continuing atrocities in Marawi City which is now entering its fourth month.

At the 28th Philippine Travel Mart held earlier this month in Pasay City, the regional office of the Department of Tourism (DOT) in Northern Mindanao tried its best to win the expo goers through glamorous decorations in every booth representing each capital city and province from the region.

As a result, DOT 10 d i re c t o r Ma r i e E l a i n e Unchuan was beaming with pride that Region 10’s booths were queued with reservations from both domestic and foreign travelers throughout the duration of the event from September 1 to 3.

In fact, the booth of the regional capital Cagayan de Oro bested hundreds of tourism/PAGE 11

By MYRNA M. VELASCO, Contributor

TRAVEL MART. Cagayan de Oro City officials ride on the popularity of the city’s booth during the recently held 28th Philippine Travel Mart in Pasay City. Inside the raft replica are Councilors Jay Pascual and Suzette Daba and city tourism consultant Dorothy Jean Pabayo. CIO

Climate change slows down Davao’s shrimp production

By ANTONIO L. COLINA IV, MindaNews

DAVAO City -- Unpredictable weather patterns attributed to climate change threaten shrimp production, a co-owner of the largest

homegrown shrimp grower in Davao Region said Friday.

Anders Haagen, a coowner of Anderlude Seafoods Corp., said changes in weather

patterns weather concern them as these would affect the growing and production of shrimps in their three locations in the region – Dumoy in Davao City, and shrimp/PAGE 11

OFFERS of capacities from renewable energy (RE) sources would be the space that Aboitiz Power Corporation will be stepping up on in the retail competition and open access (RCOA) phase of the electricity sector.

As indicated by Luis Miguel O. Aboitiz, the company’s executive vice president, “demand for renewable energy has been growing with more and more companies seeing the value of sustainability.”

Already in their portfolio of c ustomers v i a t heir retail electricity supplier (RES) segments are array of establishments that had chosen their electricity supply to be of “clean technology” source.

These include The Net Group, one of the pioneers in green buildings in the country based in Fort Bonifacio; Eton Properties of the Tan Group, Nestlé Philippines, Union Bank of the Philippines and aboitiz/PAGE 11

A Brown introduces food radiation technology in PH

By MARK FRANCISCO, Staff Writer

SEALED AGREEMENT. A Brown Company president Roel Castro (3rd from L) and Rusatom Healthcare deputy director general for commerce Rustam Rakhmatulin (2nd) pose for pictures after signing a framework agreement on behalf of their respective companies. Looking on are Russian ambassador to the Philippines Igor Khovaev (left) and Philippine Chamber of Commerce and Industries (PCCI) president George Barcelon. photo by mark francisco

HOMEGROWN conglomerate A Brown Company is expanding its agricultural business and will be engaging in agricultural irradiation this time.

This, after the company has partnered with Russia’s Rusatom Healthcare in investing in the construction of irradiation centers nationwide.

The framework agreement between the two companies was signed last Saturday here in the presence of Russian ambassador to the Philippines Igor Khovaev and Philippine Chamber of Commerce and Industries (PCCI)

president George Barcelon. A Brown Company was represented by its president Roel Castro while Rusatom Healthcare was represented by its deputy director general for commerce Rustan Rakhmatulin.

Agricultural irradiation involves treating produce with a low dosage of ionizing radiation to eliminate bacteria and germs, prevent the spread of pests and delay or prevent ripening or spoiling during transit and storage. The process reduces the risk of foodborne illnesses and increases longevity and shelf life. a brown/PAGE 11

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2

Davao City starts clampdown on jaywalkers DAVAO City -- Jaywalkers in Davao City will face stiffer sanctions if caught by traffic enforcers.

Those caught jaywalking will be given a City Traffic Citation Ticket (CTCT), requiring them to pay a fine of P100 or undergo a 4-hour compulsory service.

Previously, jaywalkers were mandated to undergo a seminar.

Aside from jaywalking, the CTCT also includes several traffic offenses such as illegal parking and obstruction of traffic.

There are also fines for other offenses such as reckless and dangerous driving, P1,500; not wearing of seatbelts, P300;

speed limit violation, P500; no safety helmets, P500; no registration, P500; modification of mufflers on motorcycle, P500; no driver’s license, P500; excess passenger, P500; illegal parking, P500; failure to switch headlights, P1,000; obstruction, P500; truck ban violation, P1,000; disregarding traffic signs, P500; no PUV driver’s ID, P1,000; loading and unloading of passengers in undesignated areas, P1,000 and driving under the influence of alcohol/drugs, P5,000.

The Land Transportation Office will not renew the offender’s clampdown/PAGE 11

Economy

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wednesday|September 13, 2017

BOI sets incentives for agri, tourism firms with MSEs in value chain

By APIPA P. BAGUMBARAN, Contributor

THE Board of Investments (BOI) will give fiscal incentives to medium and large agribusiness and tourism firms that provide business opportunities to micro and small enterprises (MSEs) as part of their value chains.

This was disclosed by Atty. Raul Angeles, BOI Investment Assistance Service Executive Director, in a press conference following the 2017 Investment Priorities Plan (IPP) Roadshow held in Cagayan de Oro yesterday.

To avail of the incentives, qualified agribusinesses

should met the following requirements within three years of operation: at least 25 percent of total cost of goods sold are sourced from registered MSEs; at least 300 farmers/fisherfolks/suppliers/ individual beneficiaries should be engaged in the business, of which at least 30 percent are women; and these beneficiaries should have at least 20 percent increase in average income from the baseline

year to third year of actual operation.

Tourism enterprises should also met the following requirements within three years of operation: at least 25 percent of total cost of goods/ services sold are sourced from MSEs; at least 25 direct jobs (regular employment) generated for individuals in the identified databases of which at least 30 percent are women; and at least 20 percent increase in average income of individuals engaged from MSEs from the

baseline year to third year of actual operation.

In addition, the enterprise should provide any of the following: facilitate access to finance and provide technical assistance or inputs and/ or technology to MSEs to increase productivity and/or improve product quality.

Angeles said the inclusion of these business activities in the 2017 IPP will scale-up small enterprises, generate more employment, and achieve inclusive growth.

(APB/PIA-10)

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

The staff of Goodmorning International Corporation pose with their booth at the recently held 26th Mindanao Business Conference in Cagayan de Oro City. Goodmorning International Corporation is a dealer in heavy equipment. photo supplied

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, 2017

3

CorporateWorld

VECO advances net SM opens mall in Puerto Princesa City on September 15 metering offer to customers

T K

nown as the Philippines’ last ecological frontier, the province of Palawan is a natural wonder with its vast tracts of tropical rainforests and a huge expanse of marine wilderness.

The province is composed of the long and narrow Palawan Island, which is surrounded by about 1,780 smaller islands and islets. Rocky coves and sandy beaches lie in primordial splendor along Palawan’s almost 2,000-kilometer coast. Renowned underwater explorer Jacques Costeau has described Palawan as having one of the most beautiful seascapes in the world. Sprawled beneath its seas are nearly 11,000 square kilometers of coral reefs; while myriads of fish swim in these underwater gardens.

Palawan has probably more protected areas than any other province – the Calauit Game Reserve and Wildlife Sanctuary with its exotic and endemic species of animals roaming freely; the El Nido–Taytay Managed Resource Protected Area with its edible bird’s nests and limestone cliffs; and the Tubbataha Reefs, a pair of coral atolls that was named a world heritage site in 1993.

In the heart of Palawan lies the City of Puerto Princesa, a tropical paradise with a bustling urban center perfect for business with leisure trips. Lush rainforests and white sand beaches are simply hours away from the city proper, where a banking, commercial, IT, and BPO boom have made it one of the country’s fastest developing cities.

And then, of course, there is the Puerto Princesa River National Park, another world Heritage Site that has one of the longest underground rivers in the world with its old growth forests, cathedral caves, limestone cliffs, and unique flora and fauna.

It is said that every island is an adventure in Palawan, and there will be so much for both residents and the many tourists to discover when SM City Puerto Princesa opens its doors to the public on September 15, 2017.

Envisioned as Palawan’s premier mall, SM City Puerto Princesa is a resort style complex that reflects the province’s tropical feel while integrating SM’s innovative design approach. SM Prime Holding’s 64th mall will serve shoppers in Puerto Princesa and Palawan, as well as residents of the nearby provinces of Mindoro, Marinduque, and Romblon in the MIMAROPA region.

Strategically located in a 47,000-square meter site along Malvar corner Lacao Streets in Puerto Princesa, the three-level 54,000 square meter mall will create a unique identity along the island’s most popular thoroughfare and within a short walk to the well-known Baywalk Park and nearby pier. Striking glass walls at the main entrances and a dramatic linear overhang stretching along Malvar Street create an impressive and inviting appearance for the mall as

approached in every direction.

But what makes SM City Puerto Princesa an exciting new lifestyle destination? · It is a Resort Style Complex in an Urban Paradise. Lush landscaping and reflecting pools integrate the mall into its setting while providing sheltered walkways for pedestrians along the street.

The mall’s interiors are distinctly crisp and modern with textures and relaxing colors that give one the sense of being on a tropical holiday. At each opening to the floor above, walls clad in a unique plaster give a texture of continuous and soft waves. An elaborate ceiling displaying hundreds of delicate handcrafted wooden lanterns not only ample natural light, but add to the Palawan feel. · Great Shopping + Leisure + Entertainment. With The SM Store and SM Supermarket as its major anchors SM City Puerto Princesa brings to Palawan a mix of SM mainstays like SM Appliance Center, ACE Hardware, Watsons, Surplus, Miniso, and Sports Central; as well as national and global brands in its 180 food and retail shops.

Eating out options include specialty restaurants, and international and local food chains. Dining in the mall is experiential, not only because of the exciting food choices, but also because its two levels of restaurants give diners amazing views of the Puerto Princesa Bay and Thumb Peak.

The mall will also bring great entertainment to Palawan with its three state of the art cinemas and two Director’s Club theaters. · First in Palawan Brands.

SM City Puerto Princesa adds a lot of lifestyle excitement when it gives residents wide array of dining choices with the opening of the first Mesa restaurant, Kuya J, Cabalen, RibShack, Turk’s Shawarma, BreadTalk, Coffee Bean and Tea Leaf. Techies will love Palawan’s first Powermac and Rulls stores in the mall’s Cyberzone, while DermCare, Belle La Peau, and Dent XP give new concepts in looking good and feeling great in the wellness area. Global apparel brands will further increase Palaweños’ excitement with Hush Puppies, Macbeth, Memo, Regatta, and Toby’s. · Homegrown Brands. Shoppers in SM City Puerto Princesa will also enjoy the best of Palawan brands like McCoys Brickoven Pizza, Isla Casoy De Palawan, Vogere by Bong Villanueva, Divine Sweets, Puerto Electronico, Banh Pho Chao Long, and more. · A Travelers’ Lounge. With Puerto Princesa City and Palawan as a tourist haven, the mall complements the tourism-related offerings available by providing an alternative relaxation hub for visitors where they could rest, bathe, book flights, and seek assistance on other concerns. sm/PAGE 11

By MYRNA M. VELASCO, Contributor

HE net metering program is giving customers the upper hand in their energy supply sourcing preference and prospectively cost savings, and the Visayan Electric Company (VECO) is reinforcing its offer of this service to customers.

The Visayan utility firm apprised subscriber-targets that “residential or commercial customers who have existing solar facilities that have a capacity of 100 kW (kilowatts) and below are eligible for enrollment in the net metering program.”

According to VECO Chief Operating Officer Anton Mari G. Perdices, the utility firm has been enticing “those who already have solar technology in their homes to enroll in the VECO net

metering program.”

By availing of this service-offer, he noted that the utility firm would be able to “install the correct metering system and (customers) get to earn more from selling the excess power generated from their system.”

One major net metering customer of VECO is Cebu-based Sunpride Foods, Inc., a meat-processing company. It has an installed capacity of 96 kilowatts, and Sunpride Marketing Manager Don Haley T. Wong, indicated that their solar installation is “basically used to power their slaughterhouse facility.”

To date, the Aboitizled power distribution firm already has 53 net metering customers for a total capacity of 413 kilowatts; seven of which are commercial end-users.

With net metering, end-users utilizing solar and other qualified technologies as their energy source can draw and inject capacity to the grid depending on the generation of their installed systems. In other power markets, customers that have taken advantage of the service had logged cost savings in their overall electricity bills.

The country’s net metering program allows customers of distribution utilities (DUs) “to install an on-grid renewable energy facility not exceeding 100 kW in capacity so they can generate electricity for their own use.”

Under that setup, it was explained that “any electricity generated that is not consumed by the customer is automatically exported to the DUs’ distribution system.”

4

Opinion

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wednesday|September 13, 2017

Was it worth the wait

HOTLINE Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

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Men Are From Mars think a minute

jhan tiafau hurst Think a minute…Many marriages are not happy simply because the husband and wife don’t understand each other’s needs. Men and women are very different creatures! Remember the best-selling book, Men Are From Mars, Women Are From Venus? Last time we talked about women’s needs.

So today, we’ll look at your husband’s needs.

Number 1: A man needs passion—physical passion.

But also a passionate wife who is fun and a good sport.

Frankly, some wives are just plain boring. Other wives are so grouchy and always serious, that all they seem to do is nag and complain.

Some of us could learn to laugh and lighten up! Not only will it cure our grouchiness and moodiness, but the atmosphere in many homes

would definitely improve.

Number 2: A man needs help in the home. And some men more than others. Just a neat house and tasty food.

But we need to care enough to notice and give attention to our husband’s likes and dislikes. Remember the wellknown saying, “The tunnel to a man’s heart runs through his stomach!” And some tunnels are bigger than others.

Number 3: A man needs to feel respected by his wife.

It doesn’t matter what his job is, our husband needs to know that we are proud of him in his own special strengths and abilities. So nagging him, criticizing him, and comparing him to other men not only hurts him, but it also hurts your marriage and life together.

Friend, only Jesus Christ can help you change to become the wife your husband needs.

Remember, your husband will never be perfect; he’ll still fail you sometimes. But Jesus will never fail you! He will always love, forgive and accept you.

He will also give you His strength you need each day to love and respect your husband without conditions. And that’s when your husband will want to start changing and become the husband you need.

Just Think a Minute…

Ruffy magbanua FOR over three hours, we were physically locked in a Malacanang look-alike convention hall waiting for the very important person of the land – President Duterte.

The occasion was the closing ceremony of the 26th Mindanao Business Conference whose attendance, I was told, swelled to more than 1,000 despite the ongoing war in nearby Marawi City.

His coming over was an instant relief to the well-dressed crowd whom earlier had started to feel the uneasiness and well, boredom, of waiting the special guest of honor and keynote speaker.

But with an apologetic opening statement, the Duterte aura systematically engulfed the convention hall, setting the tone of ecstatic excitement to hear the President’s speech albeit his trademark adlibs done in between a panoply of expletives direct from his foul mouth.

So heartwarming was when he confessed to the crowd: me and my pilots had to turn back and to find another route, an opening in the clouds, so that we could enter Cagayan de Oro. The clouds were very low and we

had to negotiate the terrain.

But still, I made it on time because I noticed that the crowd is quite in their proper places.

Well said for a self-styled President who has a bleeding heart for the poor.

Earlier, publicly listed A Brown Company Inc. (ABCI) and RUSATOM Healthcare, a division of Russian State Atomic Energy Corporation ROSATOM, has entered into a framework agreement on the construction of network of agro irradiation centers in the country.

AB CI President and CEO Roel Z. Castro signed the document along with Deputy General Director of RUSATOM Healthcare Rustam Rakhmatulin.

The framework agreement was signed in the presence of Russian Ambassador Igor

A. Khovaev and Philippine Chamber of Commerce and Industry President George T. Barcelon.

The trade deal is pursuant to the Memorandum of Cooperation signed by ABCI and ROSATOM subsidiary RUSATOM International Network on June 20 in Moscow.

The agreement aims to affirm the commitment of both parties to move towards project execution.

It outlines the stages of project implementation: feasibility studies, design and engineering surveys, construction and commissioning, and the prospect of expansions.

Up on completion of the necessary procedures, feasibility studies are expected to begin by end of worth/PAGE 11

During calamities, who is “wise”, who is “fool”?

Kakampi mo ang batas

Batas Mauricio LIFE’S INSPIRATIONS: “…`Therefore everyone who hears these words of mine and puts them into practice is like a wise man who built his house on the rock. The rain came down, the streams rose, and the winds blew and beat against that house; yet it did not fall, because it had its foundation on the rock’…”

(Jesus Christ, our God and Savior, in Matthew 7:24-25, Holy Bible).

-ooo INSTEAD OF BEING AMAZED BY RAINS,

FLO ODS, WINDS, WE SHOULD PREPARE: In a message going the rounds of social networking sites lately which allegedly came from one Joel Rosenberg, it is being made to appear that the strong rains, rampaging floods, and howling winds that are punishing many places in the world, particularly the Americas today, as shown by Hurricane Harvey, Hurricane Irma and Hurricane Jose, are truly amazing.

With due respect, however, the truth is that mankind should not be amazed by these calamities, considering that they were foretold to happen long ago. What man should be doing at this point instead is relentless preparations to enable them to escape the damage, destruction, and death arising from rains, floods, and strong winds.

The only problem is that, because not many people are possessed with the requisite awareness of the prophecies

or predictions, if you may, concerning the death and destruction caused by coming rains, floods, and strong winds, many will fall victim to these calamities. Many will suffer destruction, and many will die, which should not be the case if only they cared to listen to the predictions.

-ooo LET’S REPEAT: THE RAINS, FLOODS, AND WINDS WERE PREDICTED TO HAPPEN: Where were these predictions written? I know many will raise their eyebrows and smirk once again if I disclose the source of the predictions that rains, floods, and strong winds will come, but I have no other recourse to repeat and repeat the source of these predictions. I say, once again, the Bible predicted or prophesied the coming of rains, floods, and winds.

We can read the warnings about rains, floods, and winds in Matthew 7:24-27, where

Jesus, our God and Savior and who is God the Father, Son, and Holy Spirit, is the One speaking. He said, from these verses, that indeed rains, floods, and winds will come.

According to Jesus, only two kinds of people will face the destruction and death brought about by rains, floods, and winds. The first is the one who is considered “wise”, while the second is he who is considered a “fool”.

Who is “wise”? Who is the “fool”? For those who are interested to know, I say get your Bible, now, and read what Matthew 7:24-27 is saying.

-ooo WHO IS WISE AND WHO IS A FOOL DURING CALAMITIES? According to the warnings aired by Jesus, the “wise” man wouldn’t be endangered nor killed even if strong rains, high floods, and howling winds will come. calamities/PAGE 11

The self-righteous bully hints and traces

roy cimagala This can happen to anyone of us. Self-righteousness is a common disease, since all of us have our share of pride and arrogance. We may not acknowledge it-a more insidious situation to be in, since pride has a tremendous blinding power-but we can fall into it from time to time, especially when we make rash judgments, easily jump to conclusions, stereotype people, making a habit of finding fault at others, etc.

What is worse is when it is not only quiet and secretive,

but rather open and loud, and can get even physical, or when it defines the very character of a person. It is shown in the way he carries himself, he looks at others, he speaks and reacts to things. He oozes with over-self-confidence, with a tone of voice that cannot be other than bossy and strident.

That’s when we can speak of the self-righteous bully. He gives the impression that he knows everything, that he is superior to others, etc. He is usually one who is gifted in some way-physically, intellectually or, worse, spiritually.

The source of their problem is the gifts given to them, which they do not know how to handle properly. Instead of being humbled by them and always aware that the gifts are meant for God’s glory and the good of others, they make these endowments a source of their pride. They are highly opinionated. They like to dominate any discussion.

They want always to have the last word.

The prototype of this creature was the religious leaders during Christ’s time. Despite all the signs of the divine and redemptive character of Christ, they were always suspicious of him, until finally they managed to put him to death.

We have to be most careful of this spiritual virus. The moment we see the slightest signs of its onset on us, we have to react immediately and strongly, deepening our humility and strengthening our desire to always glorify God and to be at the service of others.

We should reflect the attitude of Christ who said that “the Son of Man did not come to be served, but to serve, and to give his life as a ransom for many.” (Mt 20,28) We have to learn how to pass unnoticed even as we are determined in carrying out our tasks and duties in

life.

The awareness of our gifts or special charisms should also intensify the awareness of the great responsibility we have to fulfill because of them. Because of this, we should always feel the need to go to God, convinced that it can only be with him that we can do things properly.

We should never think we can simply rely on our own powers.

And then let’s start to figure out how to reach out to others and serve them the way God wants them served through those God-given gifts.

When see a self-righteous bully, let’s pray for him and offer sacrifices for him, and do everything to help him discover his proper place and use his gifts rightly.

But let’s start with our own selves. Whatever changes we want in make the world a better place to live in should start with our own selves! roycimagala@gmail.com

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wednesday|September 13, 2017

Banking&Finance

5 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

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

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

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

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

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

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

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

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

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

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

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

METRO BANK- GAISANO 8561720

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727

South Bank’s Officers and staff (L-R: Sylvia C. Tala-o, Compliance Officer; Allan L. Florig, Asst. Vice President/ Bank Operation Officer; Wihelmino R. Mendoza, President and CEO; Gerna Kristel T. Pineda, Administrative Services Unit Head) during the unveiling of its new product, the South Bank AccessCard, powered by Globe’s GCash. The Access Card can be transacted to buy phone loads, phone to phone money transfer, pay bills, and withdraw money from any ATM machine. It is acceptable nationwide by any merchants who has POS honoring MasterCard logo. For more information, visit South Bank, Inc Main Office - Rodolfo N. Pelaez Boulevard, Kauswagan, Cagayan de Oro City or any South Bank branches.

Banks’ property exposures still manageable, says BSP B ANKS and trust units’ real estate exposures increased by 18.55 percent year-on-year to P1.92 trillion in the first half of the year, based on latest data from the Bangko Sentral ng Pilipinas (BSP).

BSP Deputy Governor Diwa C. Guinigundo, assessing both 2016 and end-March results, said the quality of bank credit to the real estate and construction sectors are considered reasonable or controlled.

“Banks’ real estate loan exposures remain at a manageable level,” said Guinigundo.

A large portion of real estate exposures of banks,

including their trust departments, are loans to property developers or commercial real estate loans as a category under BSP data.

In end-June, this amounted to P1.08 trillion out of total real estate loans during the period of P1.64 trillion, up 19 percent year-on-year.

Home buyers accounted for P561.31 billion, up from the previous year’s P481.31 billion.

Real estate investment, such as in debt and equity securities, rose to P279.83 billion from last year’s P233.32 billion.

In June of 2016, total real estate exposures amounted to P1.62 trillion, of which P1.38 trillion

were real estate loans.

The ratio of nonperforming commercial real estate loans to total commercial real estate loans went up to 1.54 percent as of end-June from 1.20 percent the same period last year.

The ratio of nonperforming residential real estate loans to total residential real estate loans however improved to 2.90 percent from 3.15 percent year-on-year.

Overall, the nonperforming real estate loan ratio stood at 1.8 percent as of end-June, an improvement from 2.13 percent last year.

In the BSP’s last survey (second quarter) of banks’ lending standards, 95.5

percent of banks did not change credit standards for commercial real estate loans during the period.

For the third quarter, the BSP said a majority of the surveyed banks expect to maintain their credit standards for commercial real estate loans.

While demand for commercial real estate loans remained steady in the second quarter, the BSP said a number banks expect increased demand in the months of July to September because of higher accounts receivable financing needs, improvement in customers’ economic outlook, banks’ more attractive financing terms and lower interest rates.

Bangko Sentral tightens watch of money service operators The central bank is going after the daily flows – cash and portfolio – of money ser vice business (MSB) operators, such as remittance companies, to monitor intraday liquidity in the non-bank market.

Bangko S entral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said they are targeting the reported data and how to improve monitoring after issuing Circular No. 942 earlier this year, which amended regulations on nonbank financial institutions.

Espenilla said there is no data capture prior to the

circular that would release detailed liquidity on the daily flows of MSBs. “The most important innovation (of the circular), aside from AML (anti-money laundering) enhancements, is the reporting obligation.

Now, we want to capture the daily flow in the non-bank market,” he said.

He called the MSBs’ environment as the gray m ar ke t , not t h e bl a ck market or the illegal and parallel market since the non-banks are currently regulated as MSBs. “We’re trying to equalize at least on the reporting side (between

banks and non-banks),” said Espenilla.

The size of undetected MSB daily volume is “significant based on indicators,” he added. An example is the parallel market’s apparent capacity to absorb $20 million or about P1 billion in a day when the Bangladesh Bank money laundering crime swept across the local market in 2016.

Espenilla has said that they plan to streamline foreign exchange r ules with additional incentives to banks and non-banks to improve data capture on all three markets – interbank

wholesale, retail, and the parallel market of non-banks.

Non-banks have reporting obligations but Espenilla said it is more challenging to police the parallel market, which is now “liquid and deep enough” that it is preferred by corporates rather than banks.

The BSP has already issued follow-up guidelines after Circular No. 942, giving MSBs enough time to submit the required documents to register with the BSP. The deadline for registration was last month but now extended until January 31, 2018. operators/PAGE 11

BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

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

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

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

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

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

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

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

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

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

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

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

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

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

6

AggieNews

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BizCon highlights Mindanao’s role as Philippine’s food basket C

Recognizing Mindanao’s vast potential, President Rodrigo Roa Duterte underscores that with the island-region’s abundant resources, hardworking and dynamic people, it has the capacity to contribute even more to the country’s growth and development.

Accordingly, he says, the government is aggressively pursuing initiatives to facilitate the transfer of goods and services, as well as enhance mobility and connectivity. (Photo Credits: CTB)

agayan de Oro City - “I have always been a firm believer of Mindanao’s great potential,” remarked President Rodrigo Roa Duterte, in his message, as he keynoted the closing rites of the three-day 26th Mindanao Business Conference (MinBizCon), yesterday, September 9, 2017, in this city.

Given the right infrastructure and a sound business environment, the President added, that the island-region will be a heavy partaker in propelling the growth and development of the country, thus, aggressively pursuing infrastructure projects in Mindanao.

“We have allocated funds to build structures to facilitate the transfer of goods and services, as well as enhance mobility and connectivity,” he said.

Citing key projects,

Duterte revealed, that the Mindanao Railway System, the Panguil Bay Bridge and the Laguindingan Airport are in various stages of implementation.

To ensure that Mindanao can fulfill its role of being the food basket of the Philippines, he said, that the government lends a hand to agriculture.

“It is actively providing assistance in the production of high valued crops and the development of agri-products and marketing of its goods, among others,” the president noted.

Duterte also brought attention to the availability of the color-coded agrifishery maps that will help farmers identify the most suitable crops for their farms, saying that this will be continuously improved with new data and tools to provide more information

Ruben A. Vegafria (R), chairman, 26th MinBizCon and George T. Barcelon (L), PCCI president, presents a plaque of appreciation and token to Bernadette Romulo-Puyat (center), DA undersecretary, as she tackled the Role of Agribiz Industry in Mindanao in the ASEAN and Emerging Markets, emphasizing that with a larger demand for high value commodities and its expected market value coupled with the agency’s production and product development support, and marketing initiatives, the island-region of Mindanao should be encouraged to innovate and invest in the production and processing of agri-fishery products, in one of the breakout sessions staged during the 26th MinBiz Con held in the city of CDO. (Photo credits: JLOlson)

to farmers.

Meanwhile, the president’s statements were early on supported by the presentation of Bernadette Romulo-Puyat, undersecretary of the Department of Agriculture, in one of the breakout sessions lined-up during the conference, where she tackled the Role of the Agribusiness Industry in Mindanao in the ASEAN and Emerging Markets.

“According to the Food and Agriculture Organization (FAO), Mindanao supplies over 40% of the country’s food requirements and that it contributes about 30% of the national food security,” the undersecretary reported.

The DA official also said that there are already existing and potential markets for Mindanao, particularly for cacao beans, pomelo, durian, organic rice, coconut and its by-products while target for export includes cacao, muscovado, sugar, turmeric and mangosteen.

Puyat also highlighted Mindanao’s logistics as a potent tool in the attainment of the abovesaid, comprising the international shipment port in Davao and its proximity to export markets such as the ASEAN market and other countries, namely: China, Korea and Japan.

Further, the undersecretary has stressed that the DA has also undertaken opportunities for enriching the agribiz sector through extending production support and product development, and marketing initiatives, under the tutelage of DA Secretary Emmanuel F. Piñol.

With the mentioned systems in place, President

Duterte, nonetheless emphasized, that it will entail more to promote business, trade and investment in Mindanao.

“Our efforts will be in vain if we cannot ensure stability and order, as well as secure just and lasting peace in the island, hence the government is intensifying the fight against illegal drugs, crime and corruption, as it creates a more enabling and nurturing environment in the island-region.

With your cooperation and our people’s support, I am confident that we will create a more prosperous and progressive Mindanao,” the president concluded.

With the theme “Emerging Opportunities, One Mindanao”, the threeday affair was undertaken through the synergistic efforts of the CDO Chamber of Commerce and Industry Foundation, Inc., Philippine Chamber of Commerce and Industry (PCCI), Mindanao Development Authority, the city and provincial local government units of CDO and Misamis Oriental, Department of Science and Technology, Department of Trade and Industry, among other groups.

With focus on the agribiz industry, the Department of Agriculture-Regional Field Office 10 (DA-RFO 10) under the leadership of OIC-Regional Director Carlene C. Collado, CPA, served as one of the coconvenors. Heading the delegation on behalf of the regional director is Director III and Regional Technical Director Carmelita T. Bajarla, and Chedy V. Ansale, agribusiness and marketing assistance division chief. # (JLOlson, DA-RFO 10)

BusinessWeek MINDANAO CREDIBLE

Editor: GILBERT Y. CHAO

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Wednesday | September 13, 2017

Jack of all trades

7

Suzuki Super Carry Utility Van

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uilt to endure the toughest of conditions, the alllnew Suzuki Super Carry is equipped with strength, high quality performance, superior loading capacity and a Euro-4 certified Diesel engine, Super Carry is really meant to serve as a perfect fit for any kind of business’ requirements in a manner that truly cares for the environment.

Super Carry is equipped with a light steering wheel and a low turning radius of 4.3M which allows effortless driving no matter how heavy the cargo is and ensures easy maneuverability even in tight areas.

It features latest automotive technologies – the 793cc, 2-cylinder and DDis Euro-4 diesel engine with 5 speed manual transmission, and a peak power of 32 HP @ 3,500 RPM and torque of 75 NM @ 2,000 RPM – making the vehicle more cost efficient and eco-friendly than others of the same caliber. It consumes a mere liter of diesel for an average distance of 22.07 km which makes going around for errands less costly and more practical.

The new engine is also equipped with an Engine Control Module or ECM that monitors its condition during servicing and ensures continuous peak performance.

It complies to the latest regulations on emissions standards and exhibits lower emissions than Euro-2 engines at 68 percent less particulate matter emissions, 57 percent less nitrogen oxides emissions, and 50 percent less carbon monoxide emissions, for a more environment-friendly driving.

The designers of the Super Carry gave careful thought to the comfort and convenience of the driver and passengers and enhanced both via the vehicle’s spacious interior and cabin features.

With the driver seat adjustable up to 90mm coupled with the extended portion of the passenger seat, there is enough legroom and space for the driver to lie down and combat fatigue in between long drives.

The cabin also features numerous cubbyholes, trays, pockets and storage spaces for documents, food items and other necessities.

Underneath the seats are thick glass fiber heat shields for better insulation. The bulb/ balloon type weather strip in the Super Carry also lessens noise, vibration and

harshness (NVH).

To add to the driving comfort, its pedals, gear shift knob and instrument panels are all ergonomically positioned. The vehicle’s rear window is also bigger and can readily be opened with an ergonomically placed locking mechanism.

This allows a large amount of air to f low inside the cabin when needed.

Fitted with theft prevention measures, Super Carry features a lock-on fuel tank cap, a secured spare tire mounting bracket, and battery with provision of

lock. Inside the cabin, the seats are equipped with a 3-point Emergency Locking Retractor (ELR) seatbelt.

The Super Carry ensures superior braking performance via a front ventilated disk brake for better heat dissipation, plus drum brakes on the rear featuring Load Sensing Proportioning Valves (LSPV) for stabilized braking in different load conditions.

Sealing the deal are the high tensile and galvanized chassis materials used in the Super Carry.

The galvanized materials provide

more resistance to rust while high tensile materials limit intrusion inside the cabin.

Its integrated sheet metal body front panel enhances body quality and rigidity, as well as, ensures the driver’s safety. This is complemented up front with a bigger windscreen for better driver visibility.

The Super Carry has a 1 Din Audio Unit with Built-In speaker featuring AM/FM Tuning, USB/SD Interface, Auxiliary input and LCD display will make driving the Super Carry more enjoyable.

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Billboard

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Wilcon Depot opens CDO branch

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ILCON Depot, the country’s leading home improvement and construction supply retailer launched its 39th store in Cagayan De Oro last September 8, 2017. Being their third branch in the Mindanao region, the recent opening is in line with the company’s plans of expansion in key cities of the country.

The retail giant, Wilcon Depot, increased their store footprints in Mindanao as they started the launch with a motorcade along the nearby barangays of their new operating store. It was joined by Wilcon valued suppliers and industry partners. The opening event continued at the store with a ribbon-cutting rite and store blessing to officially declare that the store is open for business. Wilcon Founder and Chairman Emeritus William Belo, SEVP-Chief Operating Officer Rosemarie BoschOng, and SEVP-Chief

Product Officer Careen Belo were joined by local government officials of Cagayan de Oro during the ceremony.

“Wilcon commits itself into helping its customers materialize ideas for their homes,” said Wilcon SEVPChief Operating Officer Rosemarie Ong. Cagayan de Oro will surely get the satisfaction in experiencing the best shopping service. With numerous brands to offer, Wilcon maintains uniformity for the interior of their depot store that is organized, clutter-free, and comfortable that leads to efficiency in their operations and at the same time helps the customer to shop with ease.

Wilcon Depot CDO has a total sales area of over 12,000 square meters accommodating the extensive and quality home building materials ranging from tiles, sanitary wares, appliances, plumbing,

Wilcon Home Depot founder and chairman emeritus William Belo.

tools, and hardware. It also provides DIY (doit-yourself ) items such as electrical, building materials, automotive, doors and mouldings, outdoor living, paints and sundries.

Driven by its goals of providing customer satisfaction and unparalleled services, the company offers a wide array selection of strong

and reliable local and international brands in the market, arranged in an organized and clutterfree manner inside an air-conditioned big box format store.

Wilcon continuously gives assurance to their clients that the brands they carry are those with superior quality. They present various product showrooms and display

Wilcon’s exclusive brands like Grohe and Kohler Sanitarywares, Franke Kitchen Systems, Pozzi Bathroom Solutions, Koller Bathtubs and Shower Accessories, Direct Hardware; while Rocersa and Grespania Tiles are showcases in their Tile Studio. Heim home interior and Heritage home furniture are featured at the

Living, Kitchen, and Bath (LKB) showroom. And adding to their extensive product lineup is the newly launched Alphalux lighting solutions.

Wilcon offers multitude of services that gives customers convenient shopping experience. Every Wilcon store has free parking spaces, reliable delivery service, and tile cutting service. They also provide a service that allows customers in creating their desired 3D layout through a computer software with cost estimate and product list made possible in Design Hub section inside the store. Valued customers can also avail their Wilcon Loyalty Card for free and enjoy promo exclusives and offerings.

Wilcon Founder and Chairman Emeritus William Belo stated that Wilcon is on its 40th year, and assures that they will take another milestone hand-on-hand with Cagayan de Oro wilcon/PAGE 11

Cebu Pacific 1st Phl carrier to fly out of new Changi Airport Terminal 4 First flight from Manila scheduled to land in Singapore’s brand-new passenger terminal on 2 November The Philippines’ leading carrier Cebu Pacific (PSE: CEB) announced details

of its first flights from Manila to Singapore’s new Terminal 4 (T4) at Changi Airport, as well as its last flights to its current base in Terminal 2. Come November, Cebu Pacific will be the

first airline from the Philippines to operate to and from T4.

The opening of T4 in late-October is highlyanticipated and will add a capacity of 16 million passengers per annum to Changi

Airport, bringing the airport’s total annual handling capacity to 82 million passenger movements. More than 200,000 Singaporeans had registered to tour the new terminal over

two weeks in August, which showcased T4’s innovations in enhancing operational efficiencies and productivity, in addition to the terminal’s many unique features and booth displays by the eight airlines moving into T4, including Cebu Pacific.

“We are proud to be the first airline from the Philippines to operate from this world-class passenger terminal, enabling everyone traveling with CEB through Singapore to experience a

new level of comfort and efficiency. We will bring with us a treasure trove of memories from our previous home in T2, and look forward to re-connecting with old friends – and making new ones,” said Atty JR Mantaring, Vice President for Corporate Affairs of Cebu Pacific.

Cebu Pacific flies three times daily between Manila and Singapore; 12 times weekly to and from Cebu and Clark, Pampanga; twice a week from Davao and Iloilo.

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wednesday|September 13, 2017

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wednesday|September 13, 2017

Third round of nationwide water mgmt policy consultations held in CDO CAGAYAN DE ORO CITY -- Cagayan de Oro city served as the host of the third of a series of key local govenment unit (LGU) and local stakeholder consultations and round table discussions (RTDs) aimed at better understanding the role of local governments in water resource management and satisfying increasing demands for safe, affordable water in provincial and rural areas.

The consultations, dubbed “"Local Development means Local Involvement: The Role of LGUs in Water and Wastewater Management," is held at city's N Hotel on September 12, after previously being conducted in Legazapi City last August 15 and in Mactan, Cebu last September 5.

Project convenors include the Philippine Water Partnership (PWP), the National Water Resources Board (NWRB), the League of Cities of the Philippines (LCP), the League of Municipalities of the Philippines (LMP) and ISTRATEHIYA. PWP Chairperson Atty. Nathaniel Santos said that the consultations are part

of efforts to better understand and define the roles of LGUs in local water resources management and development.

"The first two RTDs in Bicol and Cebu confirmed the Philippine Water Partnership’s initial assessment about LGUs’ institutionally weak linkages and coordination with national agencies based in Metro Manila.

Local governments often complain about a disconnect based on both geographical distance and the apparent failure of national agencies to fully appreciate and address local conditions and demands.”

Santos also explained that when an area is faced with local water resources management issues, LGU execs complain, oftentimes justifiably so, that they have to travel all the way to Manila to work with agencies like the NWRB for their local problems.

The LGUs want a policy and implementation mechanism that’s faster and more responsive to their conditions because their own water resources projects are targeted towards local residents anyway. LGUs

obviously don’t serve a nationwide constituency.

"It thus appears that the 'local development means local involvement' solution is possibly the most viable and appropriate response to the problems that come with the current centralization of water supply and wastewater management protocols," the PWP Chair explained.

Santos added that at the end of the discussions, they hope that the insights gathered from LGUs during the series of RTDs in Luzon, Visayas and Mindanao will provide national government policy makers and development planners with an understanding of the current situation at the local level, so that they can formulate appropriate measures to address identified gaps, issues, and challenges.

PWP is a nongovernment organization affiliated with the Global Water Partnership, which assists the Philippine government and provides a neutral venue for discussions on integrated water resources management.

According to NWRB data, the total

freshwater resources in the Philippines totals around 149.5 billion cubic meters per year.

On the other hand, Philippine consumption, according to available data from the World Bank, is estimated at 81.6 billion cubic meters annually.

Water distribution in majority of the country relies mainly on independent local water districts, each with their own plans, regulations and policies. Private investors who want to partner with these LWDs have to work with LWDs and LGUs to develop water supply projects to serve local communities.

The present setup for possible partnership and investment requires coordination with around 30 government agencies.

“Our key objective is to bridge the gaps between stakeholders.

Water is a vital resource which Filipinos, wherever they are in the country, need everyday.

We should make water management efficient.

Our consultations show that local solutions and more LGU leadership are the keys to success in this endeavor,” Santos stressed.(Philippine Water Partnership/RTP/ PIA10)

Igniting Passion for teaching

(A reflection on Massive Open Online Course_Knowledge Education and Exchange Platform organized through partnership of SEAMEO INNOTECH and Chinese University of Hong Kong) RICHARD M. OCO, T-III (MOOC_KEEP Student) Lourdes Alubijid National High School (LANHS) Division of Misamis Oriental

Passion for Teaching is about being able to do teaching tasks like teaching the lessons, doing remedial activities and paper works and most importantly acting as second parent to your students with tender loving care and doing it all with excitement and dedication wholeheartedly. With so many factors to consider as a teacher, undoubtedly teaching is now one of the most challenging professions.

That is why some claim it not as a job but more of a calling.

Teaching is not just about passing the torch of knowledge and skills to the next generations but empowering them to become passionate in all the things that they will do.

Knowledge, skills and even intellectual capacity might be very important for an individual to survive tight competition but passion and attitude towards what they are doing will help them sustain the valuing of their job in the long run.

Passion for Teaching definitely needs reflection.

Reflection will guide us if the things that we are doing are still aligned with the core values and objectives of the organization and clientele that we are serving. When we reflect, we look back at the things we do for the day and ask ourselves if what we did were for the betterment of our society and country as a whole.

Like our education curriculum that needs constant evaluation and study to abreast the current demands of the world, we teachers should also evaluate our passion for teaching if we are doing well and keeping up with the current demands. Reflection will give us ideas on what to do and what things to avoid in keeping our calling which is teaching at a remarkable and fruitful phase.

A passionate teacher is like those typical ones that we see and meet every day.

However, when we look at the things they do we will learn a lot from them and get the inspiration to do the things that they do in order

to be like them. Passionate teachers are those who make their moves to the talking about themselves and their passions.

We all have our reasons why we become teachers but for me I become one of them because I was once inspired by one of my teachers that in order to become a better person I must look into ways in order to make my weaknesses turn into strengths. That is why aside from developing my passion for teaching I also learn to develop my passion for research for in this way I will be able to reflect my teaching capacity and strategies, make innovations suited to the needs of my students and contribute to the solutions and changes that our curriculum needs to meet the demands of the current and future generations.

Passion has definitely made a great impact in our teaching practice. At present teaching is no longer about teaching our students and checking their progress through summative and

formative assessments but more of making them better individuals and citizens of our community. We are also bombarded with paper works that sometimes takes a lot of our time for our family because of so many deadlines to meet and to keep up with the demands of our teaching profession.

Passion ser ves as rejuvenating fuel in order to make our outputs and the things that we do more effective and efficient despite of those vast challenges we encounter daily. It will continue to inspire us to do our duties and responsibilities not just for the sake of compliance but in aiming for excellence, effectiveness and efficiency.

Truly teaching is a calling not a profession and passion to what we are doing will provide us excitement and inspiration to continue on facing and surviving the challenge of constant change that is present in our work and from our students.

SOAR HIGH PASSIONATE TEACHERS!

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wednesday|September 13, 2017

Tourism... from page 1

cities and municipalities nationwide, emerging as first runner-up in the booths competition.

The celebrat ions by the Northern Mindanao delegation at the Philippine Travel Mart did not reflect realities back home though.

Unchuan said that in Iligan City, all hotels have been booked since June to the present. But the catch–they are all filled with humanitarian workers coming from both domestic and abroad intending to help the evacuees in the ongoing Marawi crisis.

The rest of the tourist sites in Iligan City and Lanao del Norte have largely been shunned by visitors because of their geographical proximity to the battle-torn area, according to Unchuan.

Add to that the travel advisories being issued by foreign embassies such as the United States, United Kingdom and Australia urging their respective citizens to avoid Mindanao.

“There are really some foreigners who want to go here but they just won’t risk it because they are not covered by insurance once a travel advisory is in place. So even though you accidentally slip your foot, you won’t be covered by insurance if the incident occurred here in Mindanao,” Unchuan explained.

To pre ve nt t ou r i s m drought from trickling down to the neighboring provinces of Marawi City, the Provincial Tourism Office of Misamis Oriental has embarked on institutionalizing tour packages for all tourist sites in the province.

That means there is a separate tour package for each of the municipalities of Naawan, Initao, Manticao, Lugait and Laguindingan with affordable day-long rates.

Next month, the municipality of Opol will open its worldclass theme park Seven Seas Waterpark.

In Cagayan de Oro, the so-called Go Mindanao tour buses were launched over the weekend during the 26th Mindanao Business Conference.

But tourists will have to wait because they will only be operational in March 2018, according to Ciara Isabelle Salazar, executive vice president of Davao Metro Shuttle, which will operate the tour buses.

Shrimp... from page 1

Sta. Cruz and Hagonoy in Davao del Sur. “There is climate change.

If we are only a farmer, then you can’t control the climate and we have experienced a lot more rain lately, we experienced a lot of things.

It makes it more risky and more dangerous to be the farmer alone,” he told reporters during the opening of their processing plant at the state-owned Davao Fish Port Complex in the fishing barangay of Daliao, Toril in

Davao City.

He said they had invested in this new undertaking, the only one of its kind in the region, to “spread out our risk a little bit” by participating in processing that would add value to the products.

“But when you process, your risk profile is much lower.

If it rains for two months, we don’t care. We don’t lose the whole harvest, so it’s a much more predictable business, and more predictable means more manageable,” he said.

Haagen said their company produced about 1,000 tons of shrimps that were sold directly to markets around the region and Manila and they are expecting to produce 800 to 1,000 tons of shrimp within the year.

His partner, Ludevito S. Batilong, president of Anderlude, said no plans for export are being considered at present because they want to satisfy the domestic demand first.

He said Davao City’s demand alone ranges from 5 to 10 tons a day and their company is shipping about 10 containers, or 140 to 180 tons every month to Manila.

He said they have 127 hectares of shrimp farms — 45 hectares in Dumoy, 14 hectares in Sta. Cruz and 68 hectares in Hagonoy.

The two started with only two hectares of shrimp nursery.

Haagen said the outbreak of avian flu in San Luis, Pampanga will increase the demand for seafood.

The Danish businessman said he and Batilong engage i n s u s t a i n a b l e s h r i mp production, meaning they use neither chemicals nor antibiotics to control the bacteria in the shrimp pens.

“I like it because it’s very sustainable. They way we do this is to use effective microorganisms. What we do is we drop them in the pond, and they eat the sludge, so the good bacteria when they eat the sludge, they clean the pond. But because [the] nature of bacteria [is] if they populate the sludge, then no other bacteria can move in,” he said.

He said “when these good bacteria have populated, there is no risk of invasion by bad bacteria” and it becomes good bio-protection from pests and diseases.

“These bacteria when they multiply, they float up and get eaten by the shrimp,” he said.

He said any good bacteria can be used because it’s not pathogenic and will not harm humans.

Haagen also bared plans to expand to Rizal town in Palawan, a move that will increase by two-fold their shrimp production.

He said a sister company there operates a coconut plantation, and the throwaway coconut husks can be a great source of electricity to operate the “paddle wheels that aerate the shrimp ponds.”

“So in order to have a sustainable coconut business, we can take all the wastes from our coconut business, use it to generate electricity

and the electricity runs a shrimp farm. No waste, no pollution,” he said.

Aboitiz... from page 1

Asian Development Bank.

Aboitiz said “there has been tremendous increase in the demand for RE in the last few years,” noting that the conglomerate has been beefing up presence in the sector with RES offers under its “Cleanergy” brand.

T h e Ab o i t i z G r o u p vouches of total net sellable RE capacity of 1,263 megawatts, which would be ramped soon via the commercial commissioning of its 68MW Manolo Fortich hyd rop owe r proj e c t in Bukidnon; and 8.0MW Maris Canal hydropower venture in Isabela.

Adding to its RE capacity, as targeted by next year, would be its 8.8MW biomass power venture in Lian, Batangas. In April this year, the company also brought on commercial its 6.0MW Binary 1 Makiling-Banahaw geothermal facility following its successful rehabilitation phase.

Aboitiz said their company “will continue to invest in RE technologies that are viable to provide reliable, ample and competitively priced power to the country’s growing demand for energy.”

For the TNG Group, company president Ramon D. Rufino noted that “when we did open access, it was very challenging in the beginning.”

Nevertheless, he emphasized that having a helpful partner like Aboitiz Power helped them wade through the process of directly contracting for their elec tricity needs, primarily in complying with the requirements, technical procedures and even documentation processes.”

A Brown... from page 1

Since there is no direct contact with the radiation source, irradiated food does not become radioactive. “ Thes e te chnolog ies unlock exciting opportunities for various industries,” Castro said. “They help to save foods and modify materials for industrial solutions. A Brown’s experience in infrastructure project development and agribusiness combined with Rusatom’s experience in nuclear technology will help to further drive innovations in the country.”

Ru s atom i s Ru s s i a’s national nuclear corporation bringing with it more than 70 years of experience in the field of nuclear technology and expanding its clout worldwide through partnerships with various private companies elsewhere.

A B r o w n C o m p a ny has been in the Philippine business scene since 1966.

In 1992, its W Brown line of footwear competed head-on with international brands.

After a decade, the company divested it and developed Xavier Estates and Teakwood Hills in Cagayan de Oro City, currently expanding into

another real estate business near the Laguindingan airport in Misamis Oriental.

Under the steerage of founder Walter Brown, the company bought all stakes of the National Grid Corporation of the Philippines (NGCP) in 2009 and managed it for one year before selling it to mall magnate Henry Sy’s heir and namesake Henry Jr. It s f o r a y i n t o t h e agriculture sector is the export of palm oil from its vast plantation in Opol, Misamis Oriental. Food radiation will be its newest venture once all facilities are in place.

Clampdown... from page 2

driver’s license if the citation ticket is not yet paid.

Jaywalkers may have the option to render community service as supervised by the City Social Services Development Office (CSSDO) if they cannot pay the P100 fine. These community services may include cleaning the city’s parks or preparing meals in the city’s six residential facilities.

SM...

from page 3

· A Commitment to Sustainability. The mall is designed to achieve a sustainable future. Natural lighting, 6” CHB walls with a n E x t e r i or In s u l at i n g System, and Solar Panels make it a cost-efficient and energy saving building in l ine w it h SM Pr ime Hol d i ng s’ c om m it m e nt on d i s a s t e r m it i g at i on measures and carbon footprint reduction.

A S e wage Treatment P l ant t re at s re s t au r ant and toilet wastes with a Treated Water Recycling Tank System. toilet flushing, plants irrigation, cleaning/ maintenance and ot her non-potable purposes that help in the conservation of freshwater. Recycled Water will also be used on the Air-conditioning System’s chilled water and cooling towers to reduce fresh water consumption. Paver Blocks will be strategically used on the parking areas to allow rainwater penetration in the grounds to replenish underground water table.

S olid wastes w i l l b e managed in accordance to local and national standards of segregation, recycling, reusing, and sending to the sanitary landfill. This is even elevated to a more inclusive advocacy in SM’s Trash to Cash initiative.

For customer c o nv e n i e n c e , S M C i t y Puerto Princesa will have a two-level parking area with 398 car slots, as well as a tricycle and jeepney terminal.

SM City Puerto Pr inces a’s proj e c t te am includes Robert Meckfessel – DSGN Associates, D e s i g n A rc h it e c t ; Jo s e Siao Ling & Associates, Architect of Record; D. A. Abcede, Project Manager; KHMAYA Builders, General Contractor.

Worth... from page 4

2017, design, engineering surveys and construction of the center in 2018.

The center will provide commercial ser vices of product treatment with ionizing radiation. It will also serve as a research platform for radiation technology and its impact on various product properties. (ruffy44_ ph2000@yahoo.com)

Calamities... from page 4

The reason: he is considered to have put up his house on top of stone, and he will not be shaken by any tragedy.

On the other hand, the “fool” will “perish and will fall with a great crash”. The reason: he is considered to have put up his house on the sands, so it was easy for him to fall with a great crash when the rains, floods, and strong winds will come.

On account of many reasons, the worsening rains, floods, and winds on earth are expected to happen. All of these will happen, and chiefly because Jesus said they will happen. Whatever, there will be those who will perish and fall with a great crash, and there will be those who will be saved from them. How about you who’s reading this column now, are you wise or are you fool?

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

Operators... from page 5

BSP Circular No. 942 was approved last January which tightened the oversight operations of MSBs such

as remittance and transfer companies, money changers/ foreign exchange dealers.

The BSP has repeatedly reminded banks to deal only with registered MSBs and to employ a system to detect anomalies in their transactions with these MSBs. As such, the central b an k st r ic t ly prohibits banks from transacting with unregistered MSBs. The BSP also monitors other forms of MSBs such as electronic money or e-mone y business es. It regulates all remittance and transfer companies including remittance platform providers and e-money issuers.

The BSP already has an e n hanc e d ove rs i g ht monitoring of MSBs and recently revised the registration rules. All banks have also been directed to implement a monitoring system that could sp ot anomalies relating to MSB activities.

The BSP revised the registration and supervision of MSBs for tighter coverage under the AML Law. Last month, it released a memo containing guidelines for MSB internal controls and record-keeping rules.

There are 18,000 MSBs closely being monitored by BSP.

Wilcon... from page 8

in providing innovative s olut i ons to a ch i e ve a more sustainable and comfortable life to Kagayanons. The company’s goal is to accommodate more Filipino and help them build, refine, and improve their homes. Wilcon will keep on building bigger ideas and greater opportunities for they are set to open five more stores outside Metro Manila this year.

Visit Wilcon Depot’s newest branch in Zone 5, Cugman, Cagayan de Oro, Misamis Oriental. (photos by mark francisco/pr)

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wednesday|September 13, 2017