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BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 044

Market Indicators

As of 6:21 pm september 13, 2016 (tuesday)

FOREX

PHISIX

US$1 = P47.437

7,550.27

33.9 cents

31.52

points

Briefly Pag-IBIG Puerto branch TO serve and reach more members, Pag-IBIG Fund will soon open at the 2nd Floor, Vincent Yap Building (beside Cepalco building), National Highway, Puerto, Cagayan de Oro City. The service office will offer various services such as the membership/ employer registration, acceptance of applications for multi-purpose and calamity loans, and provident claims, and facilitate queries on membership, transfer of records and loan documentary requirements. Currently, there are two member services branches in the city which are located in JR Borja-Mortola Street and Max Suniel Street Barangay Carmen.

World travel mart DAVAO City -- For the first time, Davao City will be hosting the World International Travel Mart (WITM) for a B2B (businessto-business) event. MICE-Davao secretary Marilou Ampuan said it will be a meeting between the operators and buyers in the travel industry on Oct. 26 in Davao City. She said this is an opportunity for tour operators to meet with international tour counterparts and prospective buyers in possibly forging business agreement through the MICE (Meetings, Incentives, Conventions, and Exhibit). Davao City, she said, has become a destination for MICE which has been worked on by the tourism industry sector here and the Department of Tourism (DOT).

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Wednesday | September 14, 2016

By H. MARCOS MORDENO, MindaNews

ALAYBALAY City -- The Bukidnon Sub-Transmission Company (BSTC) will proceed with the scheduled disconnection of Bukidnon Second Electric Cooperative (Buseco) from its system on Sept. 15 if the latter fails to pay its connection charge of over P7 million, BSTC chief operating officer Artis Nikki Tortola told dxDB-Malaybalay on Monday.

EID’L ADH. Hundreds of Muslims join the congregational prayer in celebration of Eid’l Adh at the football field in Davao City on Monday. (Mindanews Photo)

Regus forays into Mindanao with 1st branch in Davao City By CARMELITO Q. FRANCISCO, Correspondent

DAVAO City -- Global work station management company Regus launched its branch here last week, its first in Mindanao, and is looking to build more in other key cities in the southern island and in the Visayas. Regus Country Manager Lars Wittig said they are now considering putting up flexible work stations in the Mindanao cities of Cagayan

de Oro, General Santos and Zamboanga. In the Visayas, where the company already has two branches in Cebu City, Mr. Wittig said they are eyeing Mactan, Iloilo, Bacolod and Dumaguete. “The economy [in the country] is growing faster,” Mr. Wittig said at the inauguration of the branch at the Topaz

Tower owned by Damosa Land, Inc. (DLI). He said the Philippines is “among the brightest spots in terms of investment opportunities” within the Association of Southeast Asian Nations, and that growth should be brought outside the capital. “There is an exaggerated focus on Metro Manila,” he said. forays/PAGE 11

T h e a m o u nt c ov e r s connection charges from February to August this year, Tortola said. BSTC last week sent notice of the disconnection to local government units of areas that would be affected. Buseco’s franchise area covers Malaybalay City, the towns of Lantapan, Cabanglasan, Impasugong, Sumilao, Manolo Fortich,

Malitbog, Libona, Baungon and Talakag, and Barangay Lilingayon of Valencia City. Buseco said in an advisory on Thursday last week that BSTC has no legal basis to collect connection charges as there is no contract between them. The contract between Buseco and BSTC already expired on Jan. 25, 2016, the shutdown/PAGE 11

NO FISHING. A fisherman from Barangay Bonbon, Cagayan de Oro City anchors back his fishing boat as Typhoon Ferdie continues to batter some parts of Luzon and Visayas regions rendering Macajalar Bay rough and dangerous for small vessels. PHOTO BY GERRY LEE GORIT

Hoteliers shape up security plans to secure clients, tourists By MARK FRANCISCO, Staff Writer

HOTELS and restaurants here have banded together to shape up security measures in the wake of the deadly bombing in Davao City two weeks ago. The Cagayan De Oro Hotels and Restaurants Association (COHARA), had asked technical assistance from the Cagayan

De Oro City Police Office (Cocpo) on ways to increase the security of their premises, patrons, and employees. Pol i c e S e n i or Supt . Ronnie Francis M. Cariaga, the acting city police chief, told hoteliers and rest aurateurs t hat they should immediately

report to the police about suspicious persons and objects instead of spreading text messages. “When you spread these text messages, it will create panic to the recipients of t hes e mess ages, w hich would scare customers. We don’t want that to happen,” Cariaga said. Nelia B. Lee, the COHARA President, said

that for now, there has been no significant decrease in both hotel occupancies and dining patronages in the restaurants here. “We hope the situation would not change,” Lee said. Jerome F. De la Fuente, manager of the Limketkai Luxe Hotel, however, said t h at t h e y e x p e r i e n c e d cancellation of bookings days after the September

2 bombing in Davao City. “The hotel experienced c a n c e l l at i o n o f t i c k e t conventions and ro om reservations scheduled in the last quarter of the year and early next year by both the domestic and foreign guests,” De la Fuente said. De la Fuente said before the Davao City incident, L i m ke t k ai Lu xe Hot e l secure/PAGE 11

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Dads OK MOA with DA for corn production THE CAGAYAN de Oro City Council during its regular session enacted Ordinance No. 13120-2016, authorizing the city mayor to enter into and sign the Memorandum of Agreement (MOA) with the Department of Agriculture, Regional Office Field No. 10 (DA-10), covering the grant of One Unit Corn Mill (Mobile) in Cagayan de Oro City. Stipulated in the MOA is DA’s implementation of the Corn Program to enhance agricultural productivity and production and as a strategy of realizing the Agriculture and Fisheries Modernization Plan (AFMP). The DA is mandated to promote the agriculture sector through the provision of appropriate supp or t services under the Corn

Program. One component of the said Corn Program is the provision of corn mill to local government units for the corn farmers in their locality. This is to provide the needs of local governments of a corn mill to enhance the value-adding capacities of the local corn farmers to increase their competitiveness, livelihood opportunities and income. Under the MOA, the local government unit (LGU) will shoulder and provide for the maintenance and operations’ cost of the equipment as well as its storage. The ordinance was favorably endorsed by the committees on agriculture and fisheries and on laws and rules chaired by Councilors Annie Daba and Ian Mark Nacaya, respectively.

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wednesday|september 14, 2016

Investment on coco processing poised to open up 1,000 jobs

AVAO O r i e n t a l – Stakeholders on peace and order have beefed up the province’s security efforts fol l ow ing t h e bl ast in Davao City on September 2 that left 14 people dead and more than 60 injured. G ove r n or Ne l s on L . Dayanghirang, who has convene d t he memb ers of the Provincial Peace a n d O rd e r C o u n c i l i n an e m e rge n c y m e e t i ng recently, said it is of utmost importance that ‘we assure everyone of their safety’. He ordered the Philippine Army and the Philippine National Police to intensify the province’s s ec urity me asures. The Governor said he wants to

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tap the military reservists, the Barangay Peace Action Teams (BPATs), and the pu rok l e a d e rs as forc e multipliers in monitoring activities in the streets and the barangays. He told the members of the PPOC that people s h o u l d n o t t h i n k t h at attacks are limited to only one target area. “Any place can be a target that’s why it’s imp erat ive t hat we must prepare to protect our province against any threats,” said Governor Dayanghirang. Ensuring the province’s safety, the military and the police have strengthened their coordination. C o l . B i e nv e n i d o R . Datuin, Jr., Commander of the 701st Brigade of the Philippine Army, said the militar y has augmented the forces of the police, especially in the capital City of Mati. They have also deployed more military personnel to enhance police forces in intensif ying

checkpoints on key areas. He said that all available forces will be used to closely work with the PNP. For his part, PSSUPT Harry Espela, Provincial Director of the Provincial Police Office said that the police forces are focusing their efforts on prevention of attacks and other criminal activities. He said they have mobilized police forces along with the BPATs. While the province is surrounded by seas, Espela said that the police are also mobilizing troops along coastal areas as open waters are often exploited by criminals as a means to move in or escape. CONCERTED EFFORTS Governor Dayanghirang s ai d h e s t an d s b e h i n d President Rodrigo Duterte on his declaration of the ‘State of Lawless Violence’. He said he strongly supports the national government’s call to all local chief executives ‘to back security ef for ts of the PNP and the Armed Forces in the

establishment of necessary security mechanisms to protect the public from the threats of terrorists and lawless elements’. He said that while the national government is doing its best to assure the people of their safety, supporting it is the least that the local government can do. “This is everybody’s concern and it is our responsibility to help the national government in keeping the people safe,” he said. Encouraging unity and convergence, G over nor Dayanghirang stressed the importance of vigilance among the people. He urges the citizens must do their fair share in protecting the community by reporting suspicious activities to the authorities. “Ever ybody must become a watchdog,” he said. He added that terrorism is everybody’s concern, not just the government officials, the militar y and the police, jobs/PAGE 11

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Start Again Think a minute…How will you celebrate Christmas? With presents and Christmas songs? A big feast with your family? It’s funny how our birthday is such a big, important event to us when we’re children. We can hardly wait a whole year before our next birthday. But when we’re older, it’s the opposite. The years fly by and we seem to go “straight from pimples to wrinkles! So by the time our face clears up, our mind gets fuzzy!” They say the two greatest days of your life are the day you’re born and the day you discover why you were born. You know, Jesus Christ was born just so you and I could finally know why we were born. It’s sad that some people live their whole lives and die without ever even knowing why they were born. It’s like doing something the wrong way all your life without ever knowing there’s a right way to do it. So it’s only natural that the one Person Who knows the right way our life works is the One Who made us. Jesus Christ, who’s God the Son, said that for us to know why we were born we have to first be born again. What did He mean by that? Simply that we each must

THINK

A Minute

Jhan Tiafau Hurst start life all over again by asking Jesus to forgive us for our past wrongs and living our own way. Then we must let Him take full control of every area of our life every day. Jesus does not want us to have religion. He wants us to have a daily, personal relationship with Him. This is why Jesus died and came back to life: so you could be forgiven and free from your past, wrong life. He’ll show you how to start living His right, successful way everyday for the rest of your life. So why not make today the greatest day of your life? You can be born again right now, if you’ll just ask Jesus for His free gift of forgiveness and your new life. It’s the most important choice you’ll ever make, and the one you’ll never regret. Just Think a Minute…

... and the rise or fall (?) of global politicians! With an increasingly globalized world social m e d i a h a s b e c om e a n i nv a lu abl e t o ol of t h e international political trade, and it will continue to evolve. Just ask our good President Rodrigo Duterte and/or Canadian Prime Minister Justin Trudeau for example. We are living in a world where YouTube, Snapchat, Facebook, Instagram or Twitter can make you a star, keep you a star or help catapult you to the highest political offices in the world. Or we see the total opposite. I t ’s not just ‘e nte r t ai n me nt - it - g i rls’ (or boys!) using the tools of the social media trade. Politicians and heads of government are too, and now they are reaching beyond the traditional marketing avenues to address their constituents and reach an audience that sometimes transcends their own national borders. I came across Bhupesh Shah, a social media marketing expert and professor at Seneca College in Toronto, Canada, ranking as one of the Top 50 business professors to follow on Twitter. He says that it is

helping leaders connect with their citizens in an “efficient and ef fe c t ive manner.” If I meet other business people and ask them about their Facebook or Twitter accounts, I mostly receive a positive smile and answer. Of course, I have! Back to Shah, wo says: “It is absolutely critical for politicians to be accessible and to disseminate their message as wide as possible. Not fully leveraging the tools available nowadays, and sticking only with traditional methods would be fatal. And this is absolutely correct! Arguably the most successful by vir tue of followers and likes are India’s Prime Minister Nerendra Modi and US President Barak Obama. Modi now has over 20 million followers on Twitter, while President Obama has over 77 million and both continue to wrack up the likes on Facebook and have taken to YouTube, whether it’s to be interviewed or to post. Both have one thing in common when it comes to their social media presence: they get personal. Rather than just posting canned political messages they’ve stepped out of the traditional political box,

p o st i ng more i nt i mate glimpses into their lives, like Obama exercising with the Vice President or playing football with his dog. “Social media gets around the so-called gatekeepers and takes the message directly to the vir tual street!... You’re typically reaching the younger demographic, those that are keen to have their voices heard,” said Shah. But social media is also a rapidly changing arena and there are pitfalls that can trip anyone up - or d ow n ! Tr u d e au , Mo d i and Obama have largely managed to avoid these, although the Canadian PM has faced criticism within Canada over his use of social media, most notably after he answered a question about quantum computing from a journalist that went viral. Some criticized him for planting the question solely for social media purposes. “Leaders should recognize that anything they say or do can and will be used by the public (and media) for their own agenda. This means that they always have to be ‘on’ - knowing that what they say will be instantly captured and shared,” Shah explains. Correct! We just

H ave M y Say

Klaus Doring

experienced this with our president Rodrigo Duterte, didn’t we? With an increasingly globalized world social media has become an invaluable tool of the international political trade and it will continue to evolve. Modi, Obama and Trudeau are pioneers in this realm and their experiences online are shaping what’s to come both internationally and nationally for the next generation of politicians who aspire to the highest offices. +++ Email: dor ingklau s@ gmail.com or follow me in Facebook or Twitter or visit www.germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com .

Why are subordinates reprimanding Duterte? LIFE’S INSPIRATIONS: “… L e t e v e r y o n e b e subject to the governing authorities, for there is no authority except that which God has established. The authorities that exist have been established by God. C ons equently, who e ver rebels against the authority is rebelling against what God has instituted, and those who do so will bring judgment on themselves…” (Romans 13:1-2, the Holy Bible). -ooo I A M A N AV I D DUTERTE BELIEVER: I am an avid supporter of President Duterte ever since his barangay captains, led by Agdao District, Davao City Bg y. C apt ain Mar Masanguid, guested in a program I am co-hosting at DZEC 1062 kHz in mid2015, where they declared that the erstwhile Davao City mayor was indeed running for the presidency. Duterte at that time was still all denial that he was interested to become president, but Masanguid and the seven or so other Davao City barangay heads, when they came to my program entitled “Tambalang Batas at Somintac” where DZEC Malacanang reporter Vic Somintac is a co-host, were already positive he was running. Since then, I robustly

campaigned for him and ag re e d to b e t he lega l counsel of two organizations campaigning for him, and even pushed a struggling Christian church named Anak ng Diyos Kadugo Ni Kristo (Children of God Blood Kin of the Christ) to support him and then Sen. Ferdinand Marcos Jr. through block voting by its members nationwide. -ooo W H Y I S D U T E RT E BEING REPRIMANDED BY HIS SUBORDINATES, IN PUBLIC YET? Because of this, I am pained and saddened to see Duterte being mindlessly reprimanded by his own trusted men---those whom he had appointed to sensitive positions as his alter egos---on many policy statements he had been making, in the guise of explaining what he, as the President, truly said or meant. My concer n is t hat, would not these reprimand or c or re c t i ons a g ai ns t Duterte, even if supposedly laced with good intentions by his mere appointees, result in the erosion of his credibility? Indeed, as the Chief Executive, the Chief of State, and the undisputed head of the government and the country, Duterte should have the last say on anything---even if he is

wrong!

-ooo BUT WHY IS DUTERTE ALLOWING SUCH REPRIMAND? But what pains me and saddens me all the more is the silence of Duterte when his officials are rebuking or correcting him, in public yet! The image I am getting from all these is no longer that of a strong and no-nonsense President which is what Duterte really is, but that of a small child, unable to think and say things by himself, being sternly rebuked by his elders, with a pinch on one ear, to boot. The fact is, it is as if I could even hear the words, “you naughty child, what mischief are you blabbering about?” every time Duterte’s subordinates claim to clarify or correct or rebuke him. -ooo F I R E T HO SE W HO TRY TO CORRECT THE PRESIDENT IN PUBLIC: This is greatly humiliating, and a nauseating spectacle among the men and women, 16 million of them, including me, who voted for him. I say, Duterte should now tell his men to put a stop to this practice, because it not only degrades the presidency, but greatly insults and distorts likewise his own personality. If anyone in the Cabinet, or anyone else for that matter

K ak ampi

Mo A ng Batas

Atty. Batas Mauricio in the Duterte government, thinks or believes Duterte should b e corrected in whatever he had said or did as President, the correction, if any, must be done in private. Otherwise, anyone pu b l i c l y g oi n g a g ai n s t what the President said, whether in the form or a correction or otherwise, should immediately be fired from office. -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.

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Villar’s Vista Land to develop 4 hotels under Mella brand VISTA LAND & Lifescapes, Inc. is expanding its hotel portfolio with four developments under a new brand, as it transforms into a “complete” real estate company with recurring earnings comparable to industry leaders. In a media briefing in Laguna on Sept. 8, Vista Land founder and Chairman Manuel B. Villar revealed plans to develop four hotels under the brand Mella in Las Piñas City, Boracay, Tagaytay, Daang Hari and Bataan. The listed company has budgeted between P500 million and P600 million for the ongoing development of a Mella hotel in Las Piñas and about P1 billion for the planned branch in tourist destination Boracay island. “We’re trying to grow fast so that the ratio of the leasing income compared with the housing [sales] income will be comparable with the leaders of the industry,” Mr. Villar said, citing SM Prime Holdings, Inc., Ayala Land, Inc. and Megaworld Corp. The four hotels will have around 150 rooms each. The brand caters to the middle segment of the market, providing three- to four-star quality of accommodation and related services, Mr. Villar noted. The billionaire and former senator first ventured into the hotel business with the

CorporateWorld

acquisition of the Boracay Sands Hotel for P157 million toward the close of 2015. The 55-room property will be rebranded. Vista Land will develop its second hotel in Boracay near the upscale Shangri-La Resort Boracay. The property is bigger and includes a beachfront, Mr. Villar said. Aside from Boracay Sands, Vista Land operates a hotel within its upscale Crosswind estate in Tagaytay. The company plans to develop a Mella hotel beside the existing operation. “To be honest about it, we’re just feeling our way in the hotel business. Maybe by next year I could be more categorical in my plans but right now, our intention is to be a complete real estate company,” Mr. Villar noted. “Actually it already is, but our footprint is not significant in other segments, like hotel. Our mall developments are now increasing, but I feel that both in terms of presence and size, 2020 would be my target,” he added. In the first six months, Vista Land posted an 11% year-on-year increase in net income to P3.9 billion from P3.5 billion. This tracked a 9% improvement in revenues to P15.7 billion from P14.5 billion. The residential business continued to account for bulk develop/PAGE 11

Samsung shares plunge over smartphone explosion debacle

AMSUNG shares plunged Monday after the South Korean electronics giant urged global users to stop using its Galaxy Note 7 smartphone due to a spate of exploding batteries. Samsung Electronics -- the world’s largest smartphone maker -announced on September 2 a recall of its oversized “phablet” after faulty batteries caused some handsets to burst into flames during charging. Since then, airlines and air safety agencies around the world have warned passengers against using them on flights. The US Consumer Product Safety Commission Friday urged Note 7 owners to stop using the device. As concern grew over the battery catching fire, with more cases reported last week, Samsung on Su n d ay e s c a l at e d it s warning, telling Note 7 users around the world to immediately turn the device off. Samsung has told South

Korean consumers to use replacement phones which it would provide on a temp orar y loan until a new Galaxy Note 7 equipped with fault-free batteries is available. Shares in the firm -South Korea’s largest by value -- dived 7.11 percent on the Seoul stock market by late morning to 1.46 million won ($1,318). “The whole situation over Samsung is becoming more serious

and complicated as more state authorities around the world are advising nationals to stop using the Note 7,” said Hwang MinSung, analyst at Samsung Securities. The fallout from the recall -- which involves 2.5 million handsets sold so far in 10 countries -- may slash the firm’s profit later this year by more than one trillion won, he warned. The recall -- the first

i nv o l v i n g S a m s u n g’s flagship smartphone -dealt a major blow to the firm’s reputation at a time when it faces a growing challenge in all market segments. Samsung, increasingly s q u e e z e d by Ap p l e’s iPhone in the high-end market and Chinese rivals in the low-end segment, l aunche d t he Note 7 earlier than expected -ahead of the September 7 launch of the iPhone 7.

BSP warns discrimination against high-risk customers THE Bangko Sentral ng Pilipinas (BSP) has reminded financial institutions against discrimination when implementing the AntiMoney Laundering Council’s (AMLC) rules on high-risk individuals or entities. In a Circular Letter issued on Sept. 5, BSP Deputy Governor for Supervision and Examination Sector Nestor

A. Espenilla Jr. cited two AMLC Resolutions regarding the proper implementation of rules on enhanced due diligence, unusual or suspicious patterns of activity and on high-risk clients. The AMLC, in an advisory issued last Aug. 22, noted that the intergovernmental b o dy F i nanc i a l Ac t i on warns/PAGE 11

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PHL posts 94.9% annual hike in end-June ‘16 FDIs S OLID growth and sustained improvement of Philippines’ fundamentals continue to back investors’ confidence resulting to a 94.9 percent rise of foreign direct investments (FDIs) to the country in the first half of 2016. Data released by the Bangko Sentral ng Pilipinas (BSP) Tuesday showed that FDIs registered net inflow amounting to USD4.2 billion as of last June as against the USD2.2 billion of the same period in 2015. E qu it y i n f l ow s , n e t of reinvested earnings,

otherwise known as net equity capital grew by 112 percent to USD1.45 billion compared to end-June 2015’s USD682 million. Investments by foreign companies on debt i nst r u m e nt s i ssu e d by their affiliates during the six-month period rose 118 percent to USD2.36 billion from year-ago’s USD1.08 billion. The central bank said bulk of these investments came from Japan, Singapore, Hong Kong, United States and Taiwan and were placed in financial and insurance, real estate, manufacturing,

construction, and accommodation and food service-related businesses. “This reflected investors’ confidence in the Philippine economy on the back of s ou n d m a c ro e c on om i c fundamentals and robust growth,” the central bank said. However, volatilities and issues hounding the global economy in recent months resulted to lower fiigures for June 2016 alone, with net FDI inflow registering a 40.9 percent decline to USD238 million. Equity capital posted a net outflow of USD5 million after

the withdrawals of USD41 million surpassed the USD36 million inflows. On the other hand, debt instrument investments last June amounted to USD182 million, up from the USD22 million same period last year. Bulk of the investments for the month came from Ja p a n , Un i t e d S t a t e s , Singapore, Hong Kong and China and were placed in real estate, electricity, gas, steam and airconditioning supply; information and communication; wholesale and retail trade and manufacturing activities. (PNA)

Foreign debt servicing drops 22% THE Philippines’ external debt service burden declined anew to $2.447 billion as of end-May, or down by 21.77 compared to the same period in 2015 of $3.128 billion. Based on Bangko Sentral ng Pilipinas (BSP) data, the principal amount decreased by 36.27 percent to $1.351 billion from last year’s $2.12 billion.

Interest payments were up by 8.83 percent to $1.096 billion year-on-year from $1.007 billion. External debt refers to all types of borrowings by Philippine residents from non-residents, following the residency criterion for international statistics. As of end-March this year, the country’s outstanding

external debt rose 3.1 percent year-on-year to $77.64 billion. The external debt vis-à-vis gross domestic product was almost unchanged at 26.5 percent from 26.1 percent the same period in 2015. The external debt service burden is one of the key indicators used by the BSP to monitor both the public and private sector’s capacity

CDO receives olyset nets. Cagayan de Oro City Mayor Oscar Moreno (rightmost) and City Health Officer Dr.Fe Bongcas (center) receive some 319 rolls of olyset nets worth P2.3 million from Dr. Joy Torrecampo of the Department of Health-10. Olyset nets are intended for windows and doors of the classrooms to prevent mosquitoes, especially dengue-carrying mosquitoes from getting in, thus, protecting pre-school children, elementary pupils and high school students against bites.(CIO/PIA10)

to pay principals and interests on their foreign obligations. It excludes payments that do not involve actual outflows such as rescheduling or refinancing of existing debt and conversion of debt into equity. The Phi lippines has foreign exchange reserves of $85.895 billion as of endAugust, an all-time high. During the senate hearing on the 2016 national budget with the Development Budget Coordination Committee – which the BSP is part of — the central bank assured session members that the country has sufficient external buffers and foreign exchange liquidity to pay for its foreign loans. BSP Governor Amando M. Tetangco Jr. said foreign exchange indicators “compare favorably with our counterparts in the Asia Pacific region.” Te t a n g c o s a i d t h e Philippines continue to have “favorable” external payments position which has “mitigated the adverse effects of external shocks” particularly on the peso. “The flexibility of the peso has been our first line of defense against the uncertainty and volatility of servicing/PAGE 10

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Korean Film Festival 2016 at SM Cinema Lanang Premier and 5 more SM Cinemas The annual Korean Film Festival unreels to showcase five blockbuster and critically acclaimed films at selected SM Cinemas from September 8 to October 16. With Strong Hearts as this year’s theme, the festival will feature films with characters

with strong personalities and those who pursue their goals and desires with courage and determination, A joint partnership between the Korean Embassy’s Korean Cultural Center in the Philippines and SM Cinema, the film festival will begin its

The Suspect is about a North Korean agent who tries to uncover the volatile secrets hidden inside the eyeglasses of a dead man after he’s betrayed and has escaped.

run at SM City Clark in Pampanga from September 8 to 11. This will be followed by screenings at SM Lanang Premier in Davao from September 15 to 18, SM City Iloilo from September 22 to 25, SM City Cebu from September 29 to October 1, and at SM City Dasmariñas in Cavite on October 6 to 9. The film festival’s culminating event will be on October 8 to 11 at SM Megamall. Other partners include the Korean Film Council (KOFIC), the Film Development Council of the Philippines (FDCP), Film Cultural Exchange Program, the Korea Tourism Organization – Manila (KTO), and the Korea Copyright Commission. The featured films give us a glimpse of Korean history and culture. Ode to My Father is a South Korean drama that depicts modern Korean history from the 1950s to the present day. This is seen through the life of an ordinary man, as he experienced events such as the Hungnam evacuation

of 1950 during the Korean War, the government’s decision to dispatch nurses and miners to Germany in the 1960s, and the Vietnam War. Other films highlight different aspects of Korean everyday life. On the lighter side, there is The Beauty Inside, a story about a furniture designer who wakes up in a different body everyday, regardless of age, gender, and nationality and how he could reunite with his special someone; and How to Use Guys with Secret Tips, a part romantic comedy, part satire of the Korean film industry. This wacky and charming tale follows and overworked woman’s attempt to improve her relationship with men. There are also crime and action films such as Confession of Murder, which is about a man who confesses murders he committed by publishing a book and a detective who is searching for the author of the book; and The Suspect,

The Korean Embassy’s annual Korean Film Fest will unreel beginning September 8 at SM Cinemas at SM City Clark, Lanang Premier, SM City Iloilo, SM City Cebu, SM Dasmariñas, and SM Megamall. It will feature five critically acclaimed films.

which is about a North Korean agent who tries to uncover the volatile secrets hidden inside the eyeglasses of a dead man after he’s betrayed and has escaped. For more information and

queries, please contact the Korean Cultural Center at 555-1711 or email events@ koreanculture.ph. The 2016 Korean Film Festival is one of the many interesting cultural events of SM Cinema.

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wednesday|september 14, 2016

SP passes “Bote-Bote” ordinance

AGAYA N DE ORO CITY – The campaign against the illegal sale of petroleum products in Cagayan de Oro city gets a boost. The 18th City Council during its regular session Monday presided over by City Vice Mayor Raineir Joaquin V. Uy unanimously approved Ordinance No.13121-2016, prohibiting the selling and retailing of unsafe and sub-standard liquid petroleum products using soda or plastic bottle, ju gs a nd ot her si m i la r containers in the city and imposing penalties for any violation. The Illegal “Bote-Bote”

Retailing of Liquid Petroleum Products Ordinance of 2016, was authored by Councilor Teodulfo Lao, chair of the committee on energy. It m a y b e r e c a l l e d that the committee held a series of meetings with concerned agencies and pa r t ies rega rd ing t he proliferation and rampant selling of retailed-liquid petroleum products in the city. According to councilor L ao, t he s e a re h ig h lycombustible and flammable products that can cause fire and pose health risks to the public. T he i l lega l ly-sold products may be sourced

from illegal activities, which deprive the city government of revenues, he cited, among others. MINIMUM STANDARDS Section 3 of the ordinance requires person engaged or intending to engage in the retailing of liquid petroleum products to comply with minimum standards. It prov ide s t hat t he retailing of liquid petroleum products shall be conducted in duly approved premises with an initial minimum lot a re a of 10 0 s qu a re meters and where vehicles being serviced shall at all times be inside the duly approved business premises

and shall only be carried out t h rou g h f i xed a nd p e r m a n e nt d i s p e n s i n g pumps duly approved by the city government and De pa r t ment of E nerg y (DOE). T h e o w n e r a n d /o r operator of the retail outlet must possess valid permits, licenses and certification for the retailing, storage, hand ling, transfer and/ or d ispensing of liquid petroleum products from the City Mayor’s Office. The construction and operat ion of t he ret a i l outlet must also comply with all applicable laws, rules, regulations and city ordinances or face penalties.

Urban gardening. The City Inter-Agency Committee together with the City Social Welfare and Development launches the competition for Urban Container Household Gardening Phase III on September 7 at Barangay Consolacion covered court. This program aims to address food and nutrition security, and utilizing urban organic waste to promote a healthy and green environment.(CIO/PIA10)

Learning from Finland By MERCEL P. RODRIGUEZ, T-I Pangabuan Elementary School

FINLAND is an educational nirvana with high paid teachers delivering excellent outcomes despite short school hours, aversion to homework and absence of external assessments. It was named the world’s most literate nation early this year. For that, its legislature rewarded its citizens with having a broadband access as a legal right. It[‘s here

where Angry Birds was conceptualized. Specifically, Finland scored highly on tests conducted by the Program for International Student Assessment, widely known as PISA. For three years, PISA examines the academic s k i l l s o f 1 5 - y e a r- o l d students around the world. Because PISA tests are not tied to any particular

curriculum, they can be used to make international comparisons. The first PISA was published in 2001 and to everyone’s surprise, Finland achieved top positions in mathematics, reading and scientific literacy. But in reality, countries and cities have achieved high educational outcomes using ver y different practices. These evolved

to suit their particular circumstances. If we wish to excel in education, then continue the K-12 program. Nothing makes me happier than seeing these senior high students well under way in their eleventh grade. In other words, we must continue developing tactics, practices and models suitable for our country’s circumstances.

Is sex education necessary in public schools? By RACHEL P. MONDEJAR, MT-I Pangabuan Elementary School

SEX education in basic education schools worldwide is so out of touch with pupils’ experiences that they find it irrelevant, a new research shows. Many students f ind less ons ab out s ex and relationships negative, moralistic and too scientific to help them de a l wit h t he fe elings and situations they are encountering, according

to an analysis conducted by Bristol University. T h e s tu dy fou n d a surprising consistenc y in young people’s views on sex education regardless of whether they are in Britain, US, Iran, Japan, Australia or elsewhere. It is clear from the f i nd i ng s t h at s e x and relationships education provision in schools frequently fails to meet

the needs of young people. S cho ols s e e m to have difficulty accepting that some people are sexually active which leads to a s e x a n d re l at i on s h ip s education that is out of touch with many young people’s lives. Here in the Philippines, sex education is dubbed in the vernacular as Usapang Pangkabataan. Since there are only few 13-year-olds

who are sexually active here, the dialogue starts with one having crushes. It’s a bit childish but that is the way we are brought up as a society. Ye t t h e P h i l i p p i n e m o du l e a l s o i n c lu d e s discussions on teen pregnancy and HIV 1 0 1 . It re m ai ns to b e seen on whether sex and relationships education is effective in this country.

TASK FORCE T he ord i n a nc e a l s o creates Task Force BoteBote, composed of the city treasurer as the head, city police director as the vice head, cit y f ire marsha l, Association of Barangay Cou nci l president or representative, Roads and Tr a f f ic Ad m i n ist r at ion h e a d , C i t y E q u ipm e nt Depot manager, city legal officer, five personnel from the City Treasurer’s Office du ly desig nated by t he city treasurer, three police of f icers duly designated by the city police director, five RTA personnel, three Equipment Depot personnel and punong barangay of barangays where there are bote-bote operators as exofficio members. The duties of the task force is to recommend the issuance of executive order to the city mayor, if necessary, to intensify and strengthen the implementation of the ordinance or other related laws and may propose any amendments and inspect, plan and monitor the entire area of the city to determine t hat no i l lega l retai ling

of petroleum products is existing. T he t a sk force sha l l confiscate all stocks of liquid petroleum products found in the vicinity, which are subject of illegal retailing and vending. PENALTY Section 7 of the Bote-Bote ordinance prov ides that persons that peddle, vend, retail and sell in violation and those who do not comply with provisions, in addition to the confiscation of the liquid petroleum products, shall be penalized by a fine of P3,000 for the first offense, P4 , 0 0 0 for s e cond a nd third offense, and P5,000 or imprisonment of one year or both penalty and imprisonment upon t he discretion of the proper court. As reviewed by the City Legal Office, the provisions contained in the ordinance are similar or conforms to the rules and regulations issued by the Department of Energy (DOE) governing the business of retailing liquid petroleum products (DOE Department Circular No. DC 2003-11-010).(SP)

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DSWD continues to assess needs of families of soldiers killed, wounded in action MANILA -- In line with the directives of President R o dr igo R . D uter te to assist the families of soldiers killed in action/ wounded in action (KIA/ WIA), social workers from the Department of Social Welfare and Development (DSWD) continue to conduct home visits to the soldiers and their families for possible counselling, me d ic a l, f inanci a l and other appropriate services according to their needs. To date, social workers have already visited 53 out of the 95 families of KIA/ WIA soldiers. The families are f rom t he Nat i ona l Capital Region, Cordillera Administrative Region, Regions I, II, III, IV-B, V, VI, X, XII and the Negros Island Region. The social workers continue to locate the other families in their declared addresses. Most of the evaluated

soldiers were recommended for livelihood, extended financial and medical assistance and inclusion to DSWD’s programs such as the Social Pension Program for Indigent Senior Citizens for their parents. Currently, the DSWD’s Crisis Intervention Unit (CIU) has given initial financial assistance that covers for the educational, transportation, medical and food subsidy to the soldiers and their dependents. If deemed necessar y, the Department is ready to provide more resources for them as directed by DSWD Secretary Judy M. Taguiwalo. “Almost all of the soldiers ass e ss e d by ou r s o c i a l workers lack the resources for daily subsistence because their salaries are not enough to sustain the needs of their families. DSWD is ready to provide extended aid to them. However, what we

Increase monthly savings, win P1M, says Pag-IBIG Fund By Recthie T. Paculba

CAGAYAN DE ORO CITY – The Pag-IBIG Fund is pleased to inform its qualified members both local and overseas Filipinos that they still have a chance to win up to P1M until March 31, 2017 with the Pag-IBIG Fund Expanded Raffle Promo. To j o i n t h e r a f f l e promo, members should remit the required monthly membership savings of at least P600. They would also need to go to the Pag-IBIG website at www.pagibigfund. gov.ph and click the “PagI B IG E x p an d e d R af f l e Promo” icon. For every P600 membership savings remitted

per month, one electronic raffle number will be issued by the Pag-IBIG Fund to the qualified member through email. The qualified members can also obtain one bonus electronic raffle number once they join the raffle promo through the Pag-IBIG website. Lucky winners may bag Samsung S-7 Edge and MacBook Pro Retina in the monthly, preliminary and grand draw. Pag-IBIG Fund will also give away P250,000 and P500,000 in the preliminary and grand draw aside from the P1M grand prize.(RTP/PIA10)

Servicing...

the US dollar, moving in sync with other currencies in the region on account of sentiment change or developments outside our national borders. Nevertheless, the country’s firm macroeconomic fundamentals, investment grade status, ample GIR, and steady foreign exchange inflows (including from overseas Filipinos’ remittances and receipts from the BPO sector) could support a broadly stable real effective exchange rate,” he told the budget hearing.

from page 6

the global market,” he said. “Our high foreign exchange reserves have provided greater confidence to business and investors on the country’s liquidity position.” Tetangco said despite the stable gross international reserves (GIR) and firm peso, the country is “not completely insulated from the volatilities in the global market.” “The peso would occasionally weaken against

really want is a just and lasting peace to prevent any social injustice and

where people’s rights are protected and promoted,” Sec. Taguiwalo said. (DSWD)

Republic if the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 16, Tangub City

wednesday|september 14, 2016

REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT OF LANAO DEL SUR 12th JUDICIAL REGION BRANCH 10 Hall of Justice, Marawi City IN RE: CORRECTION OF ENTRIES IN THE CERTIFICATE OF MARRIAGE OF ABEDIN D. MAROHOM IN THE LOCAL CIVIL REGISTRY OF MARAWI CITY, LANAO DEL SUR and PHILIPPINE STATISTICS AUTHORITY (PSA) ABEDIN D. MAROHOM Petition,

IN THE MATTER OF THE CORRECTION ENTRIES IN TRANSFER CERTIFICATE OF TITLE NO. T-1812 OF THE REGISTRY OF DEEDS FOR TANGUB CITY AS TO NAME OF THE REGISTERED OWNER FROM “TELEPORA CHUA PAROAN” TO “TELESFORA CHUA PARO-AN” AND HER MARITAL STATUS FROM “MARRIED” TO “WIDOW”

MISCELLANEOUS CASE NO. TC-2016-004

SPL.PROC. NO. 2403-16

- versus –

LOCAL CIVIL REGISTRAR OF MARAWI CITY, LANAO DEL SUR and the ADMINISTRATOR And CIVIL REGISTRAR GENERAL of the PHILIPPINE STATISTICS AUTHORITY (PSA) Respondents. X---------------------------------------------------X ORDER

TELESFORA CUA PARO-AN THE REGISTER OF DEEDS Petitioner, FOR TANGUB CITY, Respondent

NOTICE OF HEARING In a verified petition filed on July 18, 2016, petitioner through counsel, alleged: 1. That petitioner TELESPORA CHUA PARO-AN, is of legal age, Filipino, widow and a resident of Brgy. Labuyo, Tangub City; 2. That petitioner is the registered owner of a parcel of land, known as lot No. 981 D. Psd-10-046139, situated in labuyo, Tangub City covered under transfer Certificate of title No. T-1812 of the Registry of Deeds for Tangub City and declared under Tax Declaration No. 114219 of the City Assessor’s Office of Tangub City. 3. That Petitioner acquired the aforementioned property form her mother, Eleuteria Rabina Chua through a Deed of Donation Inter-Vivos on September 9, 2002; 4. That only recently, Petitioner had discovered in TCT. T-1812 that her first name and family name were misspelled as “TELEPORA” and “PARO-AN”, respectively, instead of her correct first name of “TELESFORA” as appeared in her Certificate of Live Birth and her family name of “PARO-AN” which is the correct spelling of the family name of her husband. Petitioner had also found out that her civil status was inadvertently entered in said title as “married” instead of “widow” as her husband, Joventino Lim Paro-an and long been died on October 24, 1993 when the subject TCT-T-1812 was registered on October 8, 2013 at the Register of Deeds of Tangub City; 5. Since the death of Petitioner’s Husband, she never had contracted a subsequent married and remains a widow up to this date as evidenced by the Advisory on Marriages issued by the Philippine Statistics Authority; 6. That the erroneous entries as to the spelling of the first name and family name of the petitioner as well as her civil status that appears in TCT-T-1812 were inadvertently made that only necessitates correction to conform to the correct first name and family name of the Petitioner together with her actual marital status. 7. That under Section 108 of P.D. No. 1529, an order from this Honorable Court is necessary to effect the change in the registration book and the entry in a certificate of title; 8. Thus, petitioner prayed for this honorable Court, that an order be issued directing the Register of Deeds of Tangub City to effect the necessary corrections in the registration book and the entries in original owner’s copy as well as the original copy on file in said Registry Office which is the Transfer Certificate of Title No. T-1812 by correcting the spelling of its registered owner, from “TELESPORA CHUA PAROAN” to “TELESFORA CHUA PARO-AN” and by changing her civil status from “MARRIED” to “WIDOW”. WHEREFORE, finding the petition in due form and substance, the hearing of the same is hereby set on October 28, 2016 at 8:30 O’clock in the morning, at the Session Hall of this Honorable Court, at which date, time and place, any concerned and interested person may appear and show cause, if any, why said petition shall not be granted. Let a copy of this petition and notice be furnished to Register of Deeds of Tangub City, and the Petitioner. The Sheriff of this Honorable Court is hereby ordered to post copies hereof in three (3) conspicuous places, preferably in the Bulletin Boards of this Court, the city Hall of Tangub City, and the Barangay Hall of Labuyo, Tangub City at the expense of the petitioner, for the information and guidance of all concerned. WITNESS, the Honorable SYLVIA A. SINGIDAS-MACHACON, Presiding/Executive Judge, this 17th day of August 2016.

Before this court is verified petition for correction of entry in the certificate of marriage of ABEDIN D. MAROHOM dated 19 July 2016, and which reads in part: 1. Petitioner is of legal age, Filipino and presently living at Pangarungan Village, Marawi City, Lanao Del Sur, where he may be served with notices, orders and other processes of this Honorable Court; 2. Respondent Local Civil Registrar of Marawi City, Lanao Del Sur, is one of the custodians of records of marriage of persons solemnized in the City of Marawi, Lanao Del Sur and, may be served with notices, orders and other court processes at the City Hall Building, Bangon, Marawi City, Lanao Del Sur. Respondent Administrator and Civil Registrar General of the Philippines Statistics Authority (PSA), is likewise impleaded as the central custodian of all records of marriages in the country and, may be served with notices, orders and other court processes of the Honorable Court at the National Statistics Office now Philippine Statistics Authority (PSA), East Avenue, Diliman, Quezon City; 3. Petitioner was born on September 3, 1966 at Barangay Lilod Madaya, Marawi City, Lanao Del Sur and, was named Abedin Dipatuan Marohom in his Certificate of Live Birth. The fact of his birth was registered in the local Civil Registrar of Marawi City, Lanao Del Sur and recorded at the National Statistics Office (NSO), now Philippine Statistics Authority. A copy of her Certificate of Live Birth is attached hereto and made an integral part hereof, marked, ANNEX ‘’A’’ 4. However, petitioner’s Certificate of Marriage, as registered and recorded, contained an erroneous entries, more particularly described as follows: a. Date of Birth: September 3, 1963;and b. Family Name: Marorhomsalic A copy of his Certificate of Marriage is attached and made an integral part hereof, marked, ANNEX ‘’B’’, while the erroneous entries are marked. ANNEXES ‘’B-1’’ and ‘’B-2’’; 5. The foregoing erroneous entries were discovered when petitioner secured a security paper (SECPA) or authenticated copy of his certificate of marriage from National Statistics Office now Philippine Statistics Authority; 6. In support to this petition, the following documents are attached and formed an integral part hereof, viz: a. MSU Official Transcript of Records showing his correct and complete name, marked ANNEX ‘’D’’; b. Certificate issued by the Office of the Registrar, MSUMarawi City, marked ANNEX ‘’D’’; c. Service Record issued by the Lanao Del Sur Police Provincial Office (LDSPPO) showing petitioner’s correct name and date of birth, marked ANNEX ‘’E’’; d. Reserve Officer ID issued by the Armed Forces of the Philippines showing petitioner’s correct name and date of birth, marked ANNEX ‘’F’’; e. Acknowledgement Receipt of Equipment (ARE) issued by the Lanao Del Sur Police Provincial Office (LDSPPO) showing petitioner’s correct name and date of birth marked ANNEX ‘’G’’; 7. The correction of the erroneous entries in the Certificate of Marriage issued by the PSA and Local Civil Registrar of Marawi City, Lanao Del Sur, is in order, Petitioner has not deliberately caused the recording of the above-cited erroneous entries; and 8. Petitioner instituted this action to correct the foregoing erroneous entries in his Certificate of marriage and thus, put his records in proper perspective. Finding the aforesaid petition to be sufficient in form and substance, it is hereby ordered that the same be set for hearing before this court on SEPTEMBER 29, 2016 at 8:30 o’oclock in the morning. Let a copy of this Order be published at the expense of the petitioner in a newspaper of general circulation in Lanao Del Sur or Marawi City or Iligan City for three (3) consecutive weeks. The Local Civil Registrar of Marawi City, Lanao Del Sur and the Civil Registrar General, or any person or party who has an interest in the petition, may file his/her opposition thereto within fifteen (15) days from notice of this petition or form the last day of publication of this order. Further, let this Order be posted for fifteen (15) days prior to the date of hearing in the bulletin Board of the local Civil Registrar of Marawi City, Lanao Del Sur and the bulletin Board of this court, also at the expenses of the petitioner. The petitioner is directed to notify this Court of the publication of this order not later than three (3) days before SEPTEMBER 29, 2016.

(Sgd.) ATTY. MARCELINO D. NATIVIDAD, JR. Clerk of Court-IV

Copy Furnished: TELESPORA CHUA PARO-AN Brgy. Labuyo, Tangub City -285

ATTY. JOEL A. ALIMA Brgy. I, Tangub City – 286

CITY PROSECUTOR’S OFFICE REGISTRY OF DEEDS – TANGUB CITY Hall of Justice, Tangub City -8/19/16 Brgy. Maloro, Tangub City - 287 BWM: Sept. 7, 14 & 21, 2016

Furnish copies of this order; together with the copies of the petition to the Local Civil Registrar of Marawi City, Lanao Del Sur, the Hon. Solicitor General, Makati City; and the Hon. Civil Registrar General, Philippine Statistics Authority (PSA), Santa Mesa, Manila.

SO ORDERED.

Marawi City, Philippines. August 17, 2016.

BWM: Sept. 14, 21 & 28, 2016

(Sgd.) WENIDA B.M. PAPANDAYAN Presiding Judge

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wednesday|september 14, 2016

Shutdown... from page 1

advisory said. But Tortola said that despite the absence of a contract BSTC continued to provide service to Buseco. He said it was Buseco that refused to sign the renewal of contract with BSTC. He said if Buseco would cite the absence of a contract as basis for nonpayment, then there is more reason for it to be disconnected. Buseco argued it could not pay the amount being collected by BSTC without approval from the Energy Regulatory Commission. It added that BSTC has applied for a rate increase that will reportedly triple the rates currently paid by consumers. Tortola said Buseco can avail of the “pay under protest” option pending ERC action to avoid being disconnected from the subtransmission company. He admitted that BSTC has a pending rate increase application with ERC but emphasized that the outstanding P7 million connection charge is based on current rates. O n F r i d a y, To r t o l a said BSTC doesn’t want to inconvenience Buseco’s consumers. “All we want is for them (Buseco) to pay what’s due to us.” “If they pay us after the disconnection, we will try our best to restore power as soon as possible,” he said. BSTC is operating the 69-kilovolt KibaweMaramag-Aglayan subtransmission system in Bukidnon and bill Buseco and the First Bukidnon Electric Cooperative (Fibeco) for the connection charge and residual sub-transmission charge and applicable value added tax, he explained. BSTC is only servicing Bukidnon’s two electric cooperatives, he added. Fibeco services Valencia City and t he towns of San Fernando, Maramag, Quezon, Kitaotao, Don Carlos, Dangcagan, Kibawe, Damulog, Kadingilan, Kalilangan and Pangantucan.

In 2010, the ERC approved the sale of the 69-KV subtransmission line in Bukidnon from the Transmission Corporation to BSTC, a consortium formed by Buseco and Fibeco, in line with the Electric Power Industry Reform Act of 2001. Buseco and Fibeco established a 50-50 capital shar ing in t he cost of investment, profit sharing and cost of operations of BSTC. The consortium is registered with the Securities and Exchange Commission as a subtransmission corporation, which means it is neither a distribution utility nor an electric cooperative.

Forays... from page 1

The Davao branch, its 25th in the country and the largest at 1,600 square meters, is housed on the fourth floor of the five-storey Topaz Tower. M r. Wi t t i g s a i d 1 0 comp anies have s o far signed up. Several foreign companies, he added, have also made inquiries about possibly locating in the city “because they want to network with the local [market].” D L I Vi c e - P r e s i d e n t Ricardo F. Lagdameo said the entry of Regus in the city is expected to spur investments as it opens opportunities even for start-ups that could not afford high overhead costs. Mr. Lagdameo said DLI, a subsidiary of the Floirendoowned Anflo Management and Invest ment C or p., and Regus are considering expanding their partnership in other areas within the city and other parts of Mindanao where the former has properties. “We have not drawn [contracts], but we will start evaluating it now,” said Mr. Lagdameo said. DLI has mixed-use development properties in partnership with Ayala Corp. in Cagayan de Oro City and an investment strip in General Santos City. Mr. Lagdameo also told BusinessWeek Mindanao that the company’s confidence in Davao City’s growth has not been shaken by the Sept. 2 night market bombing that

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL SUR Marawi City Station OFFICE OF THE EXECUTIVE JUDGE Hall of Justice, Marawi City IN RE: PETITION FOR THE NOT. COM. 424-16 COMMISSIONAS NOTARY PUBLIC FOR LANAO DEL SUR AND MARAWI CITY ATTY. RINGCAR B. PINOTE Petitioner, X-----------------------------------------X NOTICE OF SUMMARY HEARING Notice is hereby given that a summary hearing on the Petition for Notarial Commission in the City of Marawi and Province of Lanao Del Sur of Atty. Ringcar B. Pinote, shall be held on OCTOBER 20, 2016 at 8:30 o’oclock in the morning at RTC-Branch 10, Marawi City. Any person who has cause or reason to object to the grant of the petition may file a verified written opposition thereto, received by the undersigned Executive Judge, before the scheduled date of the summary hearing.

Marawi City, Philippines. September 1, 2016.

(Sgd.) WENIDA B.M. PAPANDAYAN Executive Judge

BWM: Sept. 14, 21 & 28, 2016

killed 14 people and wounded 87 others. “We need to move on because we believe in the resiliency of the city,’’ he said. Mr. Wittig, for his part, said the possible economic setback from the bombing incident does not worry Regus, noting that the company opened its first branch in the country in 1999 when it was experiencing the brunt of the Asian financial crisis. He explained that during slow economic periods, their work stations actually become the go-to place of companies “because we provide them with [an] easy way in and easy way out” as they can just rent for a short term and leave when they do not see the potential.

corruption, the Masa Masid’s mass-based and multi-sectoral approach can also be tapped to help fight terrorism. (Karen Lou Deloso DavOr PIO)

Develop... from page 5

of the consolidated revenues at 80% during the first half. The leasing business, however, widened its contribution to the revenue pie to 13% from 9% previously. Aside from hotels, Vista Land intends to have d e v e l op e d 1 . 3 m i l l i on square meters of malls, retail stores and business process outsourcing (BPO) commercial centers by 2018 to build its recurring revenue stream. When asked for a target leasing income-to-residential sales ratio, Mr. Villar said: “It will be increasing going for ward until we reach levels [comparable to] those considered major players in the industry.” “By 2020, Vista Land will be completely different. It will be a complete real estate company. We will have horizontal and vertical residential projects, hotels, malls and BPO offices,” Mr. Villar added. Shares in Vista Land closed a centavo or 0.19% lower at P5.30 on the Philippine Stock Exchange on Friday.

Secure...

from page 1 won lots in Manila for big organizations to hold their conventions in Cagayan De Oro where there is relative peace and order. Cariaga vowed to assist in securing the 30-member C OHA R A org an i z at i on while encouraging all hotel and restaurant owners and workers to enhance the s e c ur it y pl ans in t heir establishments.

Jobs... from page 2

Warns...

but it involves the entire society. Furthermore, Governor Dayanghirang encouraged local government units to support the Department of Interior and Local Government’s Masa Masid which is a barangay-based anti-criminality program. Primarily designed to counter illegal drugs and

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Task Force (FATF) has suspended the imposition of countermeasures against Iran after the country vowed to adopt measures to address insufficiency on rules to fight money laundering and terrorist financing. It however pointed out that

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region OFFICE OF THE CLERK EX-OFFICIO SHERIFF Tubod, Lanao del Norte NOTICE OF EXTRA – JUDICIAL SALE EJF NO.: 205-07-2016 Upon the Extra Judicial Petition for Sale UNDER ACT 3135/1508, as amended, filed by the MISAMIS BANK, INC., A Rural Bank kolambugan Lanao del Norte against Bienvenido L. Salac And Perlita R. Salac of Purok 2 Libertad, kolambugan, Lanao del Norte to satisfy the indebtedness which as of June 22, 2016 amounting to ONE HUNDRED TWELVE THOUSAND SEVEN HUNDRED ONE & 74/100 PESOS ONLY (Php 112, 701.74) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at Public Auction on 14th day of October 2016 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Provincial Capitol of Lanao del Norte, Pigcarangan, Tubod, Lanao del Norte to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit: TRANSFER CERTIFICATE OF TITLE No. T-23-234 A parcel of land with all the improvements thereon known as (Lot 7124-A. Csd-123508-00508, situated in the Barrion of Libertad, Municipality of Kolambugan, Province of Lanao del Norte, Island of Mindanao. Bounded on the NORTHEAST, SOUTH AND WEST along lines 1-23-4-5-6-7-1 and lot 7124-B, Csd-123508-005408. All points marked BL. Cy. Conc. Mons. Containing an area of FIVE HUNDRED FORTY SEVEN (547) SQUARE METERS, more or less. ‘’All sealed bids must be submitted to the undersigned on the above stated time and date. In the event that the Public Auction cannot take place on the said date, it shall be held on October 24, 2016 without further notice.

Tubod, Lanao del Norte, Philippines, this August 24, 2016.

despite the suspension, FATF “still requires the conduct of enhanced due diligence against business relationship and transactions with natural and legal persons from Iran”. These rules, it said, is under FATF Recommendation 19 and AMLC Resolution No. 64 issued in 2014. Thus, it stressed that AMLC Resolution No. 64 “is still valid and relevant and should not be suspended”. Revised Implementing Ru l e s and R e g u l at i ons (RIRRs) of the Anti-Money Laundering Act of 2001 said enhanced due diligence should be implemented by obtaining at least a senior management approval for establishing or continuing such business relationship, taking reasonable measures to establish the client’s source of wealth and funds and by enhancing the ongoing monitoring of the business relationship. Regarding the rules on unusual or suspicious patterns of account activity, rules require the reclassification of the customer from low- or normal-risk to high-risk. It a l s o s ai d t h at i f “additional information cannot be obtained or any information or document provided is false or falsified or result of the validation process is unsatisfactory, the covered institution shall terminate and refrain from further conducting business relations with the customer without prejudice to the reporting of a suspicious

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 1Oth Judicial Region Branch 17 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF-2016-351 Upon extra-judicial petition for sale under Act. No. 3135 filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG FUND), mortgagee, with office at J.R. Borja St., Cagayan de Oro City, against KAREN B. MECLAT, mortgagor, married to Eduardo I. Meclat, Jr., both of legal age, Filipino citizens with postal address at P 4 Basilisa Remedios T. Romualdez, Agusan del Norte 8611, to satisfy the mortgagee indebtedness which as of July 4, 2016, amounts to SEVEN THOUSAND SIX HUNDRED FIVE PESOS & 30/100 (P 777,605.30), inclusive of interest and penalty charges, the undersigned or her duly authorized deputy will sell at public auction on OCTOBER 6, 2016 at 10:00 A.M. or soon thereafter at the Office of the Clerk of Court, Regional Trial Court, Branch 17, Tourism BLDG., City Hall, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency the following property with all improvements, to wit: TRANSFER CERTIFICATE OF TITLE NO. 137-2014003770 LOT : Lot 21, Blk 24, Psd-10-060565 PORTION OF LOT : Block 10, Psd-042845 AS SURVEYED FOR : First Lapu-Lapu Properties & Holdings Corp. (LESSANDRA Subd.) LAND USE : Residential LOCATION : Lumbia, Cagayan de Oro City BOUNDARIES : NW., along line 1-2 by Lot 22, Block 24, Pssd-10 060565;………….xxxx. AREA : Forty (40) square meters, more Or less All sealed bids must be submitted to the undersigned on the abovestated date, time and place. In the event the public auction should not take place on the said date for whatever reason, the public auction will proceed on the next working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon, if any there be.

transaction to the AMLC when circumstances warrant”. The AMLC stressed that covered institutions “should not automatically impose any restriction of services or worse, close the account (of any high-risk client) without the prior conduct of appropriate due diligence”. Covered institutions are also warned against violation of Section 14 (g) of the AMLA that states that “provision of this shall not be construed or implemented in a manner t h at w i l l d i s c r i m i n at e against certain customer types, such as politicallyexposed persons, as well as their relatives, or against a certain religion, race or ethnic origin, or such other attributes or profiles when used as the only basis to deny these persons access to the services provided by the covered persons”. Any financial institution that will violate this rule “shall be subject to sanctions as may be deemed appropriate by their respective regulators”, it added.

August 22, 2016, Cagayan de Oro City.

For the clerk of Court and Ex-Officio Sheriff (Sgd.) CONRADO V. HINGCO, JR. Sheriff

BWM: Aug. 31, Sept. 7 & 14, 2016

BWM: Sept. 7, 14 & 21, 2016

(Sgd.) FE O. BONTUYAN-BULARON Sheriff IV

BusinessWeek MINDANAO www.businessweekmindanao.com

feature

Wednesday | September 14, 2016

Rotary Club of Carmen Valley gives love, care and gifts to special children â€œHappy Kids! Happy Lives! And Happy Rotarians!â€?

By Rtn Joe P. Palabao

ast September 9, 2016, more than two hundred special children from the Special Education Center of City Central School, Cagayan de Oro received gifts, care and love from the active and compassionate Rotarians of the Rotary Club of Carmen Valley. Headed by the ever dynamic All Star President Susan Lonkey, the Chairman and Project Director PP Homer Naval of Dental B and Rtn Maricar Jaruda of Vjandep and with the assistance of the RC Carmen Valley Rotarians and active Rotaractors gave Dental B toothbrushes, sumptuous merienda, vitamins and gifts to the happy special

children. The gift, care and love giving is also in commemoration of the 100 years founding anniversary of the Rotary International Foundation for the Service of Humanity. Happy kids, happy life beneficiaries were the Children with Disability- Autism, those with Learning Disability, Hearing Impaired Children, Visually Impaired, the Intellectually Disabled Children, those that are having Down Syndrome and those that are having Global Development Delay. In return the Special Children gave their response by entertaining the crowd, the Rotarians, the benefactors through their mesmerizing

entertainment numbers, dances and their positive and caring approaches which give a joyous ambience during the event. The Spelling Bee Contest among them was the delight of the crowd when through cut letters they spelled words like Car, Happy and of course the word Rotary which was perfectly spelled by the children. The happy and caring event was witnessed by the parents, the faculty, visitors, the Rotarians who were mesmerized of the hidden and innate talents of the special children. Giving life to the event, were the benefactors who gave their utmost support to the Project. Vjandep under the care of Rtn. Maricar Jaruda, Dental B by PP Homer Naval, Jun

Nepomuceno-Area Sales Manager-East/ West Mindanao of San Pedro Manufacturing Corporation makers of Minola Oil, and DD Toys whose support was valued so dearly by RCCV. Present RCCV Rotarians were President Susan Lonkey, PAG Boc Pineda, PP Homer

Naval, AG Toni Estrella, Spouse Linda BasanezCharter President Romy Basanez, Rtn Shim Suan, Rtn Marlon Jacut, Rtn John Lim, Rtn Merlyn Ybanez, Rtn. Maricar Jaruda, Rtn Mynfa Puao, Rtn. Joe Palabao, All Star President of Rotaract Carmen Valley-Jovy Lara,

Rotaractor PDRR Alvin Lagumbay , visiting All Star President Celso Balat and many guests. As promised by PP Homer Naval, Christmas Holiday Season these Special Children will be given a Special Christmas Party by the Rotary of Carmen Valley. KUDOS.