BusinessWeek Mindanao (September 16, 2016) by Mindanao Daily News

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 045

Market Indicators

As of 6:10 pm september 15, 2016 (thursday)

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PHISIX

US$1 = P47.571

7,708.42

2.8 cents

162.41 points

Briefly Green economy SURIGAO City -- The Department of Trade and Industry (DTI) Surigao del Norte in partnership with the Deutsche Gesellschaft fur Internationale Zussamenarbeit (GIZ) in behalf of the Ministry for Economic Cooperation and Development of Germany conducts a two-day in-phasing event cum technical session on green economic development for the micro, small, and medium enterprises (MSMEs) of the province from September 14 to 15, 2016 held at Parkway Hotel, this city. According to DTI provincial director Celestino L. Negapatan, the activity highlights the gains of the Promotion of Green Economic Development (ProGED) project and sustaining its promotion in the province. “The activity will be a venue not only MSMEs to share their stories and the positive results of adopting green initiatives in their businesses but also inspire other MSMEs to go green through testimonials of those who already implemented and benefited the green technologies in their establishments,” says Negapatan.

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Buseco partially pays bills, averts blackout www.businessweekmindanao.com

By CRIS DIAZ, Contributing Editor

HE expected power outage in Bukidnon province on Thursday did not push through after the Bukidnon Second Electric Cooperatives (BUSECO) paid part of its P7.19 million power bill.

BUSECO paid about P700,000 or 10 percent of its P7.19 million power bill, said Nikki Tortola, Chief Operating Officer of the Bukidnon Sub-Transmission Corp. (BSTC). “The National Grid Corp.

of the Philippines (NGCP) was set to disconnect the 69-kilovolt MalaybalayMaramag power line on Thursday,” Tortola said, adding that BUSECO was ordered by the Energ y Regulator y Commission

(ERC) to pay 10 percent of the total amount the power distributor owes to BSTC. BUSECO complied with the ERC order, otherwise the city of Malaybalay and part of Valencia, as well buseco/PAGE 7

DOE hunting down illegal LPG refillers By MYRNA VELASCO, Contributor

Trade decline THE total merchandise trade declined as exports continue to slide in July 2016, given that global economic recovery remains slow, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported that total revenue from trade fell from US$ 12.2 billion in the previous year to US$11.4 billion in July 2016. This is attributed to the 13 percent decline in exports and 1.7 percent decline in imports. “We must continue to upgrade and improve our industries to ensure their competitiveness and resiliency to shocks,” said Socioeconomic Planning Secretary Ernesto M. Pernia. The decline in exports is due to the decrease in demand for Philippine products from traditional markets such as Japan, China, Hong Kong, and USA.

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PELICAN. An Australian pelican flies above the waters off General Santos City looking for food. Bird experts say this was the first time this kind of bird was spotted in the Philippines. mindanews photo by ferdinandh cabrera

Australian pelican birds seen catching fish in GenSan waters By FERDINANDH CABRERA, MindaNews

GENERAL Santos City – Fisher folks in the village of Minanga in Buayan District here regularly see fish-catching birds. But about a week ago, they were surprised to see a big one, which turned out to be an Australian pelican (Pelecanus conspicillatus), which apparently flew from faraway land. Local birds gliding from afar to catch a fish

in the waters of Sarangani Bay, that body of water fronting this city, has been a daily sight for 62-year-old Levy Discamento, a local resident. “What c au g ht ou r attention were local birds we call ‘agit-it’ flocking in mid air and chasing a bigger bird,” he said. “There appeared to be a dog fight similar to what we see on TV when planes

trade missiles.” Then he saw a Caucasian-looking man filming the big bird, who then uploaded his shots and footages on Facebook. The next morning, a throng of men and women arrived in the village with their huge digital cameras waiting for the Australian pelican to show up. Discamento admitted he was almost tempted to take hold of the bird “since birds/PAGE 7

THE Department of Energy (DOE) will flex its muscles to vigorously hunt down entities or parties that have been illegally engaged in refilling of branded cylinders of liquefied petroleum gas (LPG) products. The Independent Philippine Petroleum Companies Association (IPPCA) has indicated that this was the point of discussion they had with Energy Secretary Alfonso G. Cusi in their recent meeting. Such prohibited practice in the industry revolves around circumstances wherein some entities or individuals will refill branded cylinders of LPG even if they are not authorized to do so. IPPCA noted that “no less than Secretary Cusi has committed to go against illegal LPG refilling activities that imperil not only the lives of consumers but also damage properties.” These unlawful acts are widely known to be fire hazards, but unscrupulous individuals are still unabated on their operations. IPPCA member-companies have noted refillers/PAGE 7

DRIED FISH. Aside from fishing, this fisherman spends his time drying galunggong (big-bellied round scad) and tamban (sardine) in Barangay Bayabas, Cagayan de Oro City. photo by gerry lee gorit

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Economy Gov’t offers 10-year retail T-bonds T

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By APIPA P. BAGUMBARAN, Contributor

HE Bureau of Treasury (BTR) is of fe r i ng 1 0 - y e a r retail treasur y bonds (RTBs) to the investing public until September 16. The issuance of RTBs forms part of the government’s initiatives to make government securities available to small investors. It a l s o a i m s t o b u i l d investment-consciousness among Filipinos. Bcause they are direct, unconditional and general obligations of the Republic of the Philippines, RTBs are considered low risk and affordable securities with minimum denomination

of P5,000. They are also negotiable and transferable and offer a quarterly i nte re st i nc ome to t he investor. “This issue will mark the first RTBs under the new administration of President R o d r i go D ute r te,” s ai d National Treasurer Roberto Tan during the Press and Investors’ Briefing on Retail Treasury Bonds Tranche 18 at Limketkai Luxe Hotel, Tuesday. He said the issuance is a fundraising exercise aims to augment the funds available for the President’s s o cio e conomic agenda, with particular emphasis

on infrastructure projects and social services. The Philippine government has issued a total of P1.4 trillion RTBs in 17 tranches from 2001 to 2013. The Tranche 18 RTBs will be issued on September 20, 2016 and will mature on September 2026 at a coupon rate of 3.5 percent. They are available to individuals, corporations, financial institutions and ot her inst itut iona l i nv e s t o r s t h r o u g h B Tr authorized selling agents including BDO Capital and Investment Corporation, BDO Universal Bank, BPI Capital Corporation, China Banking C orporation,

Citibank N.A., Development Bank of the Philippines, E a s t We s t B a n k i n g Corporation. First Metro Investment Corporation,

ING Bank, Land Bank of the Philippines, Metropolitan Bank & Trust Company, Philippine Bank of C ommunications, Rizal

Commercial Banking C or p oration, Robins on Bank C or poration, and Security Bank Corporation. (APB/PIA-10)

TAGUM City -- Davao del Norte is stepping up its competitive advantages by pushing ele c t ronicgovernment systems and applications to promote more efficient and effective local governance, more government accountability and better delivery of public services. The Provincial Development Council (PDC) approved the P17 million to the fund the Comprehensive an d St r ate g i c Pl an for E-Governance during their recent meeting at the

Bulwagan ng Lalawigan, Tagum City. Governor Antonio G. del Rosario (AGR) said the province is implementing e-G over nance to b o ost the competitiveness of the province. “Our E-governance that is something we are focusing on because we want our province to be competitive, we want innovation in our province to make our jobs easier also, as managers,” the governor said. Del Rosario added that e-Governance would

hopefully solve the problem of unavailability or lack of necessary information the provincial bureaucracy needs to make the necessary decisions and to also track the progress of ongoing government projects. The program is anchored on the Link to the World component of the B.E.S.T. P.E.O.P.L.E. development strategy of the governor. “It’s very vital to have e-governance because it will really fast track the decisionmaking process and the digital/PAGE 7

DavNor eye digital govt to boost competitiveness

RPN Radyo Ronda Stations Nationwide

CNN Philippines Stations Nationwide

Prayer for Davao bombing victims. Several staff of the city government of Cagayan de Oro through the City Social Welfare and Development Office visit and light candles as a gesture of sympathy to the victims of the tragic bombing incident at Roxas Avenue, Night Market in Davao City on September 8.(CIO/PIA10)

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Expect “International Conference on Regional Development and Local Governance”

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since the contexts are similar in some ways. I do not need to make a nationwide study to understand patronage politics since case studies with small samples give me richer descriptions with depth of insight. Therefore, I debunk the idea of clout from large-sample studies. It depends on what I need: if I need a portrait, do not give me a landscape to perceive the phenomenon. “The reader comes to know some things told, as if he or she had experienced them”, avers Robert Stake. This is called naturalistic generalization: the process through which we learn from case accounts and apply them to our context. ************************** ********************* Dr. Can Aktan, my friend who is the chairman of the Social Science Research Society (SocRes) emailed me two months ago about the intention of the Society to hold a research conference in the Philippines. I then tried to arrange with Holy Name University (HNU) in Tagbilaran City to cohost this much awaited event which is now called “International Conference on Regional Development and Local Governance”. It will be on February 10-12, 2017 at HNU. T h i s i s an e xc it i ng

convergence of scholars and pr a c t it i one rs w ho will meet to share one another’s knowledge about development and governance. One of my friends asked me, “Does this help the economy of the country given that many ideas are from different milieus?” The answer is yes. And in addition to my explanation about small-n studies, we should note how important it is for ideas to brew until they “taste good or better”. I can expect that through scholarly presentations and debates, we can mine great ideas from scientific studies and avoid relegating the destiny of a region or local government unit to “natural evolution” where we wait for eons until learning comes from isolated experiences. We can then evaluate and ensure that more development ideas will work in similar settings or will be refined further for application. Besides, the convergence of international scholars in a province is also historic. The province never experienced a prestigious international conference of scholars before, although I know of some national corporate meetings. If you have researches that can fit for presentation in this international convergence of great minds, or if you are a practitioner with

lucell larawan brilliant ideas, why not apply to participate in this international conference? Aside from the opportunity to present papers, participants will be privileged to connect with other scholars and practitioners of the field. You will no longer need to go to far places like what I did in 2011 when I went to Izmir, Turkey just to present a paper in an international conference sponsored by SocRes which organized similar events since 2008. The registration fee of this conference may be in US dollars with discounts for Filipinos but I assume this is a one-of-a-kind. Please see details from the website for this event: http://www.sobiad. org/CONFERENCES_held/ IC-REGIONAL/org.html. This is now the chance for Filipinos to rub with great minds and spin-off greatness in the regions and local government units.

DepEd is creating criminal-minded youth

Keeping Score Think a minute…A married couple had a big fight one day. They both complained the other wasn’t doing their share of work. The wife felt she was doing most of the work in their family because her husband wasn’t helping or being responsible. And the husband thought his wife nagged him too much and expected more from him than was right. So they finally decided to keep score in a box. Every time the husband felt the wife wasn’t being fair or was not doing her job, he’d write it on a piece of paper and put it in the score box. And the wife would do the same when she felt her husband wasn’t doing what he was supposed to. Someone said that if you want to be frustrated and unhappy in your marriage, then keep score of everything you do and everything your husband or wife is not doing. And if you want to fight, just tell your partner how they’re not doing everything you want and expect! And tell them that you work harder than they do; you’ll get a fight every time! But you know that keeping score like this in marriage, either silently or out loud, is a common

I read a chapter, “Small-n Studies”, from one of the highly respected research books published by Sage Publications. The writer refers to researches using small sample sizes which cannot be conclusive to the bigger population. In layman’s language, this means taking a sample of citizens of a city to understand about solving traffic woes. Though the sample may not apply to all cities, provinces or nations, the study still paints a “portrait” of the urban menace to somehow enlighten decision-makers and scholars about the issue. It still significantly contributes to the solution of the gridlock. The writer has reasons why he wrote it because in many cases, social science researchers often regard small-sample studies as having lesser clout compared to nationwide studies. I beg to disagree as the author does. Small-scope studies may not generalize a national phenomenon about problems like drugs, the efficiency of business permits, patronage and corruption and the like; but as limners of portraits, this brings to light important aspects of the phenomenon and carry the weight of logical generalization—meaning, what I know about a city may be applicable in another city

THINK

A Minute

Jhan Tiafau Hurst problem! Maybe it’s because we’re afraid we’re not being appreciated, or because we don’t like our job or role as wife or husband. But friend, whatever our reason is for keeping score, it only backfires and hurts us, because we’ll always be frustrated and unhappy. When our wife or husband feels these frustrations from us, then they just become defensive. So the result of keeping score in marriage is that both the husband and wife just keep blaming each other, and no one’s happy! So the next time you’re tempted to keep score, try to think about what your husband or wife is doing well doing instead of what they’re not. You know, maybe you’re not being understanding and grateful enough for all hurst/PAGE 7

LIFE’S INSPIRATIONS: “… Hear, O Israel: The LORD our God, the LORD is one. Love the LORD your God with all your heart and w it h a l l you r s ou l and w it h a l l your st rengt h. These commandments that I give you today are to be on your hearts. Impress them on your children…” (Deuteronomy 6:4-7, the Holy Bible). -ooo RP’S EDUCATIONAL S Y S T E M C R E AT I N G CRIMINALS OF PINOYS: How many more teachers, or, perhaps, students in our public schools should die before we awaken to the realization that our system of educating Filipino children is not creating good and responsible children or citizens but is actually making criminals out of them? Of course, Department of E duc at ion S e cret ar y L e on or B r i on e s , r u i n g the killing by a 15-year old female student of her teacher, Vilma Cabactulan of the Pedro “Oloy” N. Roa National High School in Cagayan De Oro City last Tuesday, September 1 3 , 2 0 1 6 , i s c or re c t i n saying that “it is high time t hat t he me nt a l he a lt h needs of both our teachers and stu d e nt s are g ive n attention…” But, what else can Briones, or even the entire

Duterte government, do to address the evidently deteriorated mental condition of both the teachers and students of public schools in the country when, for a long t i m e n o w, D e p E d h a s officially stopped the teaching of good manners and right conduct and of religion or spirituality to Filipino children? -ooo DEPED IS TO BLAME FOR CRIMINAL-MINDED YO U T H : Un d e n i a b l y, since Fi lipino chi ldren are no longer taught good manners and right conduct and the proper fear and love of God in their schools, much less in their homes, they grow up not knowing right from wrong, and not knowing that evil behavior or conduct is punished severely while good and exemplary deeds are amply rewarded by the God that created all of us. If Filipino school children are now capable of killing their teachers, and physically incapacitating their fellow students or e ve n ot he r p e opl e t hat cross their paths, DepEd has no one else to blame except itself. Through the years, it has espoused the rejection of moral, spiritual and socio-civic values by the kind of curriculum it has b e en and st i l l is pushing nationwide.

In fact, DepEd has even become the prime enemy of the teaching of Biblical and spiritual principles to many stu d e nt s by it s of f i c i a l policy---as shown by one of its circulars known as DECS Order No. 68, Series of 1999---of rejecting t h e DE C S an d D e p E d authorized operation of schools owned, managed, and operated, by Christian (Born Again) churches in the whole country. -ooo WHAT DEPED SHOULD BE TEACHING C H I L D R E N : Wit h du e respect, I must say t h at p u b l i c s c h o o l s - - elementary and secondary--no longer train children in the way that they should go. More basically, DepEd schools do not even know the way that school children should be taught, so that even if they grow old they will not depart from it. If any teacher, principal, sup er intendent, or any other high DepEd official is going to be asked, what is the way that students should be trained on, I am willing to bet that 99% of them would not be able to answer correctly. They could not, because it is obvious that not many of them read the Bible, which describes the way that our children should be taught. The only way that Filipino kids should be

K akampi

Mo A ng Batas

Atty. Batas Mauricio taught is through the training and instruction of the Lord our God. What is this training and instr uction of the Lord our God? It is to believe in God, and to love Him with all their might, heart, soul, and mind. If we impart to them this belief in God while they are still young, not only will they grow to be good men and women. They will also be blessed by God beyond expectations! -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 H O U R S a d a y, i n t h e Philippines and the world at w w w. f a c e b o o k . c o m / angtangingdaan or www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

CorporateWorld 5 Davao homegrown retail firm to build fifth mall in Mindanao Globe, Davao gov’t link up to address peace, order concerns Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

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DAVAO City -- D avao homegrown retail firm New City Commercial Corp. (NCCC) Mall signaled the start of the construction phase of its fifth mall in Mindanao with the ground breaking of the four-storey mall in Buhangin along Communal-Indangan Road here on Wednesday. "The target is to open the mall in April 2018," Althea Lucas, LTS Malls,

Inc. associate vice president said. The company has five malls in the country including one in Palawan, three in Davao City and one in Tagum City, Davao del Norte. The 8,000-square meter mall, called the NCCC Buhangin Mall, is expected to cost around PHP1 billion and is considered the most expensive investment of the retail/PAGE 7

• Puts in place 0917-Duterte (0917-3883783) to serve as hotline for police concerns

L O B E Te l e c o m and the Davao City government are collaborating to help improve the peace and order situation in the city by putting in a place a hotline, 0917-Duterte (0917-

3883783), to receive calls and texts relating to security concerns in the city. Specifically, 0917-Duterte will serve as a special and dedicated mobile number for calls and texts from Davaoenos who will report

possible leads to catch the perpetrators of the recent bombing incident in Davao. “With the hotline number, Globe is able to help public officials and residents of Davao City in strengthening peace and order in the city

by putting in place an easy to remember and accessible number where they can report leads and information that can help catch perpetrators of the recent bombing incident,” Globe General Counsel Atty. globe/PAGE 7

SM Group reaches out to local investors

(From left) Alex Pomento, Vice President for Investor Relations at SM Prime Holdings; Marvin Fausto, Consultant at COL Financial; April Lee Tan, Head of Research at COL Financial; Cora Guidote, Senior Vice President for Investor Relations at SM Investments Corp.; Richard Tan, First Vice President for Investor Relations and Corporate Planning at BDO Unibank; Tim Daniels, Consultant for Investor Relations at SM.

SM Investments Corporation (SM) reached out to more local investors as it underscored Philippine corporate growth. SM, with subsidiaries SM Prime Holdings and BD O Unibank, recently concluded retail investor seminar in partnership with CitisecOnline.com in Cebu, Cagayan de Oro, Davao and Manila which drew thousands. “Investor education is very important to SM and we do our part by going around the country to share the long-term growth plans of the group. Historically, foreign investors dominated our minority investor base

w ho gaine d immens ely from the strong share price performance of SM and its listed subsidiaries. We want to encourage more local investors to likewise gain from the business acumen of the Sy family,” Cora Guidote, SM Senior Vice President for Investor Relations said. Since listing in the stock market in 2005, market capitalization grew over 19% per annum to PHP819.1 billion as of end-August from P127.2 billion in 2005, reflecting the support of investors, particularly those of foreign institutional funds over the last 11 years. A P10,000 investment bought during IPO would

be worth over P50,000 if sold as of August 2016, notwithstanding cash dividends declared during those years. SM has earmarked between P70 to P80 billion ever y year in an aggressive expansion bid in the Philippines, fueled by the local economy’s strong momentum. Supporting this capital commitment, SM posted an 11% growth in consolidated net income of P15 billion in the first six months of the year. To further reach out to investors representing a bro ad e r sp e c t r um of the capital markets, SM is SM/PAGE 7

Banking&Finance

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Finance department expects Deposit insurance coverage up slightly moderate rise in inflation

AST month’s slight increase in core inflation is an indication that commodity prices may rise moderately in the next few months. Department of Finance ( D OF ) Un d e r s e c re t ar y Gil Beltran, in a report

submitted to Finance Secretary Carlos Dominguez III, said “the country’s low inflation regime will serve as a favorable environment for policymakers to further cultivate and sustain sound economic policies”. The latest DOF economic

bulletin showed that core inflation accelerated to its highest level this year at 2 percent in August after removing the impact of volatile food and fuel prices. Beltran said, “Outlook for the immediate near-term may see modest uptick in inflation, as indicated by the rise in core inflation from 1.9 percent to 2.0 percent.” In August, he ad line i n f l at i on u n e x p e c te d ly slowed to 1.8 percent from the previous month’s 1.9 percent due to the decline in prices of non-alcoholic beverages and food,

particularly corn, meat and vegetables. “ The lower-thanexpected inflation rate is largely accounted for by the continued easing of food prices. While the DOF had expected food prices to rise by 2.7 percent, actual increase turned out to be 2.4 percent,” Beltran noted. Meanwhile, headline inflation for the first eight months of the year averaged 1.45 percent. This was even lower than the lowest end of the government’s inflation target of 2 percent to 4 percent. (PNA)

THE PHILIPPINE Deposit Insurance Corp.’s (PDIC) insurance coverage slightly rose by the end of the second quarter as it keeps up with the continuous expansion in the number of bank accounts and deposits. Data posted on the PDIC Web site showed the state insurer covered P2.142 trillion in deposits at endJune, or 22.23% of the P9.638 trillion in total deposits held under 52.40 million bank accounts in the period. The amount is also higher than the P1.951-trillion deposit insurance coverage posted in the same period

last year, which made up 22.72% of the P8.585 trillion in deposits held in 49.293 million bank accounts then. The PDIC is mandated to provide insurance coverage in b ank dep osits for a maximum of P500,000 per bank account. The state-run firm also serves as a receiver for banks ordered to be closed by the Bangko Sentral ng Pilipinas. Broken down, of the P2.142-t r i l lion insure d deposits, about 87% or P1.864 trillion under 50.696 million peso accounts were covered in the April to June insurance/PAGE 7

BSP: Don’t discriminate vs high-risk customers THE Bangko Sentral ng Pi l ipi n a s ( B SP ) h a s reminded financial institutions against discrimination when implementing the AntiMoney Laundering Council’s (AMLC) rules on high-risk individuals or entities. In a C i rc u l ar L e tte r issued on Sept. 5, BSP Deputy Governor for Supervision and Examination Sector Nestor A . E s p e n i l l a J r. c i t e d two AMLC Res olutions 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 Au g . 2 2 , n ote d t h at t h e i nt e r g ov e r n m e nt a l b o d y F i n a n c i a l Ac t i o n Task Forc e ( FAT F ) has suspended the imposition of countermeasures against Ir a n a f t e r t h e c o u nt r y vowed to adopt measures to address insufficiency on rules to fight money laundering and terrorist financing. It however pointed out that despite the suspension, FATF “still requires the conduct of enhanced due diligence against business relationship and transactions with natural and legal p ers ons f rom Iran”. These rules, it s a i d , i s u n d e r FAT F

Recommendation 19 and AMLC Resolution No. 64 issued in 2014. Thus, it stressed that A M L C R e s o l u t i o n No. 64 “is still valid and relevant and should not be suspended”. Revised Implementing Ru l e s a n d R e g u l at i o n s (RIRRs) of the AntiMone y L aunder ing Ac t of 2 0 0 1 s ai d e n h an c e d 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 t h e c l i e n t ’s s o u r c e o f wealth and funds and by en hancing t he ongoing monitoring of the business relationship. R e g a rd i n g t h e r u l e s on unusual or suspicious patterns of account a c t i v i t y, r u l e s r e q u i r e the reclassification of the c ustomer f rom low- or normal-risk to high-risk. It a l s o s a i d t h a t i f “additional information cannot be obtained o r a ny i n f o r m at i o n o r document provided is false or falsified or result of the validation process i s u n s a t i s f a c t o r y, t h e covered institution shall terminate and refrain

from further conducting business relat ions wit h the customer without prejudice to the reporting of a suspicious 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 conduc t of appropr i ate due diligence”. C overed institutions are also warned against violation of Section 14 (g) of the AMLA that states t h at “prov i s i on of t h i s shall not be construed or implemented in a manner that will discriminate against certain customer types, such as politicallyexposed persons, as well as their relatives, or against a cer tain religion, race or ethnic origin, or such other attributes or profiles w h e n u s e d a s t h e on ly basis to deny these persons access to the ser vices provided by the covered persons”. Any financial institution that will violate this rule “shall be subject to s anc t ions as may b e deemed appropriate by their respective regulators”, it added.

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

friday|september 16, 2016

Buseco... from page 1

as the municipal towns of Lantapan, Cabanglasan, Impasug-ong, Sumilao, Manolo Fortich, Malitbog, Libona, Baungon and Talakag would have experienced a power interruption starting Thursday noon. Tortola said BUSECO only gave an initial payment due to the court case it has filed against BSTC. BUSECO has been contesting BSTC’s authority to collect power charges. He said that BUSECO has ceased to pay the power bills since March, prompting the BSTC to ask the NGCP to disconnect the MalaybalayMaramag power lines. The initial payment of 10 percent of Buseco’s outstanding balance has been required pending the hearing and disposition of the case. MindaNews has reported that ERC has already ordered the BSTC to halt its disconnection and suspension of service to Buseco. The disconnection of Buseco from BSTC’s 69-kilovolt KibaweMaramag-Aglayan sub-transmission line would have taken effect noon yesterday, Sept. 15. BSTC said its board of directors decided to disconnect Buseco for failing to pay delinquent accounts from February to August this year amounting to over P7 million. In a news article posted on its website on Wednesday, the ERC said it acted on Buseco’s petition filed on Sept. 9 to stop the disconnection. “The ERC acted with dispatch on the petition of Buseco for the issuance of a cease and desist order against BSTC to avert any negative socioeconomic impact that will be caused by the suspension of Buseco’s electric service,” the article quoted ERC Chairman and CEO Jose Vicente B. Salazar as saying. “Considering that such disconnection will cause serious and irreparable damage to the consumers, the Commission directed the parties to observe the status quo prevailing before the issuance of the notice of disconnection and refrain from the intended disconnection of Buseco’s facilities,” Salazar added.

Refillers... from page 1

that they hold on to the words of Cusi, when he asserted that “DOE could be held administratively and criminally liable if they do not protect the interest of consumers and industry stakeholders, particularly in instances wherein there are deaths.” According to IPPCA President Fernando L. Martinez, their group “has always been willing and committed in helping the government address this issue of illegal LPG refilling.” He explained that legitimate industry players prudently invest capital in quality LPG cylinders, thus, it is unmerited just losing them into the hands of crooked individuals. Martinez said these illegally refilled LPG tanks often attract buyers because they can be priced lower compared to the legitimate products retailed at oil company-networks and stations. Nevertheless, he stressed that “consumers are usually shortchanged as their cylinders are either underfilled or replaced with substandard cylinders.” The group expounded that there are also instances “where these alleged unscrupulous players import second-hand cylinders that were just refurbished or re-conditioned.” DOE proffered to tighten the controls on setting up shops of LPG refilling so the proliferation of cash-strapped actors or substandard products could be prevented

Birds... from page 1

it was tame and came close to humans.” But he changed his mine, afraid he will breach wildlife laws. A bird lover himself, Discamento reminded villagers never to touch nor harm the foreign bird. “Actually, my intent was to catch the pelican and bring it to a veterinary doctor for checkup just in case it has brought disease,” he

said, adding he was suspicious the bird may be carrying avian flu or similar diseases usually carried by migratory birds. Based on studies by BirdLife Australia (birdlife.org.au), Australian pelicans are found throughout Australia, Papua New Guinea, Western Indonesia and occasionally, in New Zealand and Western Pacific Islands. There are no records yet of these birds reaching the Philippines, until now, said wildlife photographer Ivan Sarenas on his Instagram, where he posted a picture of the Australian pelican in flight. Alex Tiongco, a member of the Wild Bird Club of the Philippines, was quoted by Sarangani information officer Serafin Ramos Jr. as saying in a text message that the bird is a “vagrant, a bird which lost its way and must be very tired and confused and therefore must be left alone.” Tiongco cautioned those interested on the Australian pelican not “to disturb the bird nor to lure [it] with food.” “We also have to alert all the shoreline and fishpond barangays and communities to leave the bird alone and keep distance,” he added. Tiongco suggested that Sarangani Province’s Environmental Conservation and Protection Center (ECPC) will adopt the protection of the pelican. He suggested that the bird’s natural habitat in Australia be studied to better understand its ways and how to protect it. Many residents believed the coming of the rare big bird was a blessing. For them, it sends hope and good vibes seeing the bird joining local species in the hunt for the luscious resources of the sea. hey theorized that the Australian pelican prefer the sea off Minanga village because of its rich food resources and “because people did not harm it or catch it.” “We see the bird almost every morning hovering over us as we arrive from overnight fishing expedition. It must be a blessing that nobody hurts the big bird,” said Minanga fisherman Jimmy Poja, 40. Poja said he is expecting experts to educate the locals about the bird, how to react in its presence and how to help protect it. “Now, this Australian pelican has become a tourist attraction and provides source of livelihood for fisherfolks,” said Bebing, wife of fisherman Discamento. “Visitors come, rent a boat from fishermen to get close to the big bird as it glides over and over above Sarangani Bay,” she said. Other visitors, she said, would even buy the fishermen’s fresh catch from their overnight trip on the high seas. For about three weeks now, the village has been abuzz with bird lovers and bird watchers from around the country. Father Oscar Auckhs Enhaynes, who is also a professional wildlife photographer, brought with him a 600mm heavy telephoto lens so he could take pictures of the pelican up close. He said he hopes the beautiful images he took of the bird will communicate the importance of wildlife and for all to know that this creature co-exists with humans. “I’m happy that this bird settled here. I want to know how come it is here, to learn about its purpose of being here,” the priest said. “Maybe the bird found a good space where he can freely fly here,” he added. Enhaynes said that he read in the news, too, that maybe it is because of the luscious food resources in the area, or maybe because the people treats the migrant bird well. “So it came to my mind that we can also host avian visitors because we are capable and it says something good about ourselves,” he said. The Australian pelican (Pelecanus conspicillatus) is said to medium-sized by pelican standards (with a wingspan of about 2.5 meters and weighing between 4 and 13 kilograms), but is known as having the longest bill of any bird, the longest recorded being 50 cm. It has a distinctive, elongated bill with a hooked tip. Mostly white,

the adult Australian pelican has a short grey crest on its head. It has strong legs, making it good swimmers Locals noticed that the big bird usually appears in mid-morning and emanate from a private fishpond off the bay. Philippine bird enthusiast said a “spot-billed” pelican was last seen in Philippine waters in 1972, but vanished due to extinction and hunting activities in the past. The Wild Bird Club of the Philippines also recorded that a Dalmatian pelican was last seen in Leyte province in 2009 but died a few days later. The Australian pelican’s arrival in the area prompted the provincial government of Sarangani to conduct a raptor migration study from Sept. 25 to Oct. 22 to be led by the capitolbased ECPC and the Technical Working Group created by Gov. Steve Chiongbian Solon. They will be aided by the Wild Bird Club of the Philippines. The Sarangani Information office said they have “conducted site reconnaissance for the arrival of the migratory birds of prey this month.” “They will approach our country in September and October to warm up and look for roosting sites after leaving Taiwan,” said Felix Servita of Wild Bird Club of the Philippines. “They will leave there for autumn migration, go here and soon depart for Indonesia.” (Ferdinandh Cabrera / MindaNews)

Digital... from page 2

information we want to get so we can decide easily and fast, and for transparency and accountability and accessibility… of course it is anchored on the B.E.S.T. P.E.O.P.L.E’s development strategy of Governor Anthony, particularly on Link to the World ,” Samson Sanchez, Provincial Administrator said. (PIODavNor)

Hurst... from page 4

they ARE doing! And even if you’re doing more than your fair share, then it’s still best for your own peace and happiness, as well as your marriage, that you stop keeping score and counting everything your husband or wife is not doing. But you know, with Jesus Christ in control of your life and marriage, with His help you can finally throw away your score card and start being happy. Just Think a Minute…

Globe... from page 5

Froilan Castelo said, adding that regular call and text charges will be applied. For her part, Davao Mayor Sara Duterte-Carpio said: “We would like to thank Globe for enabling this special mobile number to give Davaoenos access to a dedicated hotline that will definitely help solve the recent bombing incident that took place in the city. The hotline will definitely pave the way for a more concerted and collaborative effort from the people of Davao City to combat acts of senseless terrorism.” In support of the government’s initiative to curb criminality and improve the overall peach and order situation in the country, Globe operationalized 911 and 8888, the government’s emergency and complaint hotlines, respectively. Globe is also providing inbound and outbound SMS accessibility for 2286 (Bato), a SMS hotline for the public to directly report incidents to the Philippine National Police.

OFFICE OF THE CLERK OF COURT & EX-OFFICIO SHERIFF NOTICE OF EXTRA-JUDICIAL SALE File No. 222-2016 Upon Extra-Judicial petition for sale under Act 3135 as amended by Act 4118, filed by YUSAY CREDIT AND FINANCE CORPORATION (YCFC) with Principal address at Door # 4. ATC Bldg., Luna-Velez Sts., Cagayan de Oro City, represented by its Branch Manager Ruby Ann H. Torrecarion, against LUCILA I. CASTILLON married to ESMERALDO H. CASTILLON, both of legal age, Filipino citizen, with resident of B-8, L-4 Montana Vista Lumbia, Cagayan de Oro City Misamis Oriental, to satisfy the Mortgage indebtedness which as of July 30, 2013, have amounted to FIVE HUNDRED THIRTY TWO THOUSAND TWO HUNDRED TWENTY THREE AND 29/100 ( P 532,223.29) Philippine Currency, inclusive of interest and penalty charges as of August 31, 2016. Excluding foreclosure expenses and other monetary obligation. The undersigned Sheriff will sell at Public Auction on NOVEMBER 7, 2016. to the highest bidder for CASH at 9:00 o’oclock in the morning to 4 o’oclock in the afternoon at the Office of the clerk of Court, Branch 43, Regional Trial Court, Dugenio St., Gingoog City, the following properties with all the improvements existing threon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-18241 ‘’A PARCEL OF LAND (LOT 1140-B-1-C-3-B, Psd-10-067320 PORTION OF LOT : 1140-B-1-C-3, Psd-10-050973. LOCATION: POBLACION GINGOOG. MIS. OR. ISLAND OF MINDANAO), CONTAINING AN AREA OF FOUR HUNDRED EIGHTY FOUR (484 SQ. M.) SQUARE METERS. MORE OR LESS.’’

All sealed bids must be submitted to the undersigned on the above stated date and time. In the event the Public Auction should not take place on the said date, it shall be held on the next working day without further notice. The prospective buyer/s may investigate for themselves the title of the herein described property/properties and the encumbrances thereon, if any there be.

Gingoog City, September 6, 2016.

FOR THE EX-OFFICIO SHERIFF BY: BWM: Sept. 16, 23 & 30, 2016

(Sgd.) FLORA C. PEREZ Sheriff IV RTC-Branch 43 Gingoog City

from page 6

period. Total insured deposits also included P278.206 billion from 1.706 million accounts of foreign currency deposit unit (FCDU) or expanded FCDU during the second quarter. Around 57% of the covered bank accounts were fully insured by the state insurer that amounted to P1.212 trillion, while the remaining 43% or P930.438 billion in bank deposits were partially insured.

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947

from page 5 teaming up with the Fund Managers Association of the Philippines (FMAP) through an investor briefing on September 23, 2016 at the Conrad Manila. FMAP represents local equity and fixed income fund managers which include the asset management units of the country’s largest banks and insurance companies. SM continues to engage with investors, both equity and fixed income, who have interest in the Philippines, given that SM is widely considered by the investment community as an ideal proxy for investing in the country.

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

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region BRANCH 07 Tubod, Lanao del Norte

from page 5

company to date. It will have a gross floor area of 19,444.61 square meters and a gross leasable area of 14,470.53 square meters with 85 shops. The mall will have a basement

Insurance...

SM...

Retail...

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 43 Gingoog City

carpark, supermarket and retail shops at the second level, department store and retail shops at the third level, cinemas and retail shops at the fourth level and a garden area and retail shops at the fifth level. It can be recalled that NCCC started as a textile business and a small grocery store along R. Magsaysay St. or Uyanguren St. NCCC has proven its staying power because after more than 35 years and amid the invasion of Manila-based malls, it is still a force to reckon with in Davao. To be more competitive, the company built in 2003 along its three-hectare property the NCCC Mall in Maa. The company has branched out and they now have 30 neighborhood stores known as HB1. (PNA)

IN RE: PETITION FOR CORRECTION OF ENTRY IN THE CERTIFICATE OF LIVE BIRTH OF ROMEL NASARA UNDER NAME OF CHILD FROM ROMEL NASARA TO ROMIL MANSUETO NASARA and DATE AND PLACE OF MARRIAGE OF PARENTS FROM JAN. 1967, TUBOD, LANAO DEL NORTE TO DECEMBER 12, 1967, DANAO CITY, CEBU GLENITA MANSUETO NASARA,

- versus –

SPL. PROC. NO. 323-07-2016

Petitioner,

THE LOCAL CIVIL REGISTRAR OF TUBOD, LANAO DEL NORTE, Respondent.

x-------------------------------------/ ORDER This is a petition for correction of entry in the Certificate of Live Birth of Romil M. Nasara otherwise known as Romel M. Nasara filed by his mother, Glenita Mansueto Nasara on August 17, 2016, praying among others that after notice and hearing, an Order be issued directing the Respondent’s office to effect the correction sought for. Petitioner alleges that she is of legal age, Filipino, married and a resident of Pigcarangan, Tubod, Lanao del Norte. Respondent is sued in her official capacity. Petitioner married ROMEO NASARA at Danao City, Province of Cebu on December 12, 1967. They have a child named ROMIL MANSUETO NASARA who was born at Pualas, Tubod, Lanao del Norte on April 14, 1969 and the facts of his birth was registered at the Respondent’s office. However, his Certificate of Live Birth contains erroneous entries as to his first name entered as ROMEL instead of ROMIL, the first name that he has been using ever since. The Middle Name which is the surname of the maiden name of Petitioner-MANSUETO was omitted, the middle name that appears in all his record of importance. The Date and Place of Marriage of Parents is erroneous as entered thereon is Jan. 1967, Tubod, Lanao del Norte when it should have been December 12, 1967, Danao City, Cebu. To prove that her son is known as ROMIL MANSUETO NASARA, she attached to the records her son’s PASSPORT No. EB9925098, Police Clearance Data Card, Company ID, PAG-IBIG No. 0001 0050442. She comes to Court to seek remedy for the correction of entries aforementioned with the sole intention to straighten the records of birth of her son so as to avoid confusion and future inconvenience. She filed the instant petition in good faith and is not intended to conceal the commission of a crime and/or defeat the investigation and prosecution of the same. Set the initial hearing of the petition to December 5, 2016 at 8:30 in the morning before the sala of this Court. Furnish copy of this Order to the office of the Solicitor General at Makati City, Office of the Local Civil Registrar in Tubod, Lanao del Norte, the Public Prosecutor’s Office, to Atty. Dorothea Basalo of Poblacion, Tubod, Lanao del Norte and to the petitioner, of Pigcarangan, Tubod, Lanao del Norte. The petitioner is hereby directed to publish copy of this Order in a newspaper of general circulation within the province of Lanao del Norte for three (3) consecutive weeks, at her expense. Any person/s interested to the petition may come to Court on the scheduled date of initial hearing to show cause why said petition should not be granted. SO ORDERED. Tubod, Lanao del Norte. September 2, 2016. BWM: Sept. 9, 16 & 23, 2016

(Sgd) DENNIS P. VICOY Acting Presiding Judge

BusinessWeek MINDANAO www.businessweekmindanao.com

Friday | September 16, 2016

ACTIVITY PERSPECTIVES ROTARY YEAR 2016-2017

“Celebrating the Rotary Foundation 100 Years of Doing Good in the World” DISTRICT GOVERNOR’S VISIT- JING D. DELA CALZADA Last August 15, 2016, the Rotary Club of Opol, Misamis Oriental gave a hearty and warm welcome to District Governor Jing D. dela Calzada as she visited them during their club assembly

at the Prawnhouse Seafood Restaurant . The first club she visited in her series of visits to Zone 1 Rotary Clubs prior to her Governor’s Address at Pryce Plaza August 21, 2016. The warm welcome was led by All Star President Nanding Gurrea, it recorded high attendance with 24 members

Planting mangroves at Boardwalk Eco Park, Baybay, Alubijid, Misamis Oriental

present. In attendance also was Assistance Governor Cris Parojinog and District Secretary Cecil Caballero of the Rotary of Metro Valencia. President’s Time-All Star President Nanding Gurrea reported the following achievements of the club to wit: RC Opol sponsored a

Rotary B1

ROTARY CLUB OF OPOL Opol, Misamis Oriental

Symposium on Drug Addiction at Opol National Secondary Tecvhnical School from Grades 1-10 with a total of 200 participants.. The club also conducted a seminar and orientation how to become a member of Rotaract and be Rotaractors of the Rotary of Opol. Governor Jing dela Calzada commended Rotary Club of Opol for their Plans and Programs for Rotary Year 2016-2017 especially the TRF commitment of the club. MANGROVE PLANTING & WATER CONTAINER ‘LATON’ DISTRIBUTION August 13, 2016 in partnership with the Rotary Club of Carmen, Rotary Club of Opol planted around 300 mangrove propagules at the seashore of the Boardwalk Eco Park of Barangay Baybay, Alubijid, Misamis Oriental. Indeed it was a happy day for all the Rotarians of Opol. 200 plus water containers ‘Laton’

District Governor Meriam Ruth “Jing” D. dela Calzada

were also distributed to more than 100 residents of Baybay. HUMANITARIAN SERVICE PROJECTS Adopt a Creek Project to be implemented this Rotary Year at Taboc. Opol. Activities will be to clear the creek by cleaning, picking up of all non-biodegradable materials and other debris hazardous to environment that distract the continuous of creek water to the seashore. rotary/PAGE B2

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

friday|september 16, 2016

Rotary...

g u ards to prote c t t he g row i ng t re e s . M E DIC A L M I S SION Ju ly 2 0 1 6 i n c o ord i nat i on and supp or t of t he L o c a l G ove r n me nt Un it of O p ol, Mi s am i s O r i e nt a l - R ot ar y C lub of O p ol hel d Me d i c a l Mi ss i on , f re e me d i c a l che ckup, prov i d e d me d i c i ne s , f re e d e nt a l che ck - up and to ot h e x t r a c t i on . A l s o c ondu c te d O pt i c a l Mi ss i on and d i st r ibute d re a d i ng g l a ss e s to t he b e ne f i c i ar i e s . T he club a l s o re nd e re d

from page B1

He a d e d by t he R ot ar y of O p ol, O p ol anons are i nv ite d to pl ant t re e s at d e s i g n ate d are a s for WAT E R SH E D PROT E C T ION w he re t he mu lt i - m i l l i on w ate r proj e c t of A Brow n is l o c ate d to supply t he w hol e of O p ol and t he ne i g hb or i ng tow ns . Pl an is i nst itute d to re v is it t he pl ant i ng s ite Janu ar y 2 0 1 7 to che ck t he su r v iv i ng t re e s and i nst a l l t re e

l e g a l ass i st anc e to b e ne f i c i ar i e s and re s i d e nt s w it h l e g a l probl e ms . A D OP T A S C HO OL PRO G R A M T he club a l s o c ondu c te d fe e d i ng to t he Gr a d e s 1 - 3 pupi l s for t he i r a d opt a s cho ol pro g r am at t he O p ol E l e me nt ar y S cho ol and club’s c om m it me nt to bu i l d a d d it i on a l cl ass ro om at O p ol E l e me nt ar y S cho ol. ON F E L L OWSH I P Au g u st 2 7 , 2 0 1 6 , I PP Ma x S e no i nv ite d h i s fel l ow R ot ar i ans

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 1Oth Judicial Region Branch 41 Cagayan de Oro City PETITION FOR EXTRA JUDICIAL EJF NO. 2016-388 FORECLOSURE OF REAL ESTATE MORTGAGE UNDER4 ACT 3135 AS AMENDED BY ACT 4118 FOR: HOME DEVELOPMENT MUTUAL FUND ( PAG-IBIG ) Petitioner, EXTRA-JUDICIAL FORECLOSURE REAL ESTATE MORTGAGE ROWENA Z. BERNASOL Respondent. x----------------------------------,

TRANSFER CERTIFICATE OF TITLE NO. T-136-2012000628 LOT PORTION OF LOT AS SURVEYED FOR LAND USE LOCATION AREA

: : : : : :

14 Blk-19, Psd-10-059077 2, Pcs-10-003972 Johndorf Ventures Corporation (Pag-ibig Citi Homes Phase 2) Residential Malanang, Opol, Misamis Oriental ONE HUNDRED TEN (110) SQ. M. more or less Including all Improvements found thereon

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 same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the property herein-above described and encumbrances thereon, if any there be.

Cagayan de Oro City, August 16, 2016.

f r i e d pr aw ns and c r ab me at c o oke d p a l at ably to t he d el i g ht s of a l l. Ind e e d it w as a ve r y f r u it f u l d ay w he re i n one ne ss ,

HOME DEVELOPMENT MUTUAL FUND ( PAG-IBIG ) , Petitioner/Mortgagee,

EJF FILE NO. 2016-393

-versusLYNETTE H. DELLOSA married to ROMEL S. DELLOSA. Respondent/Mortgagor. X----------------------------------------------/ OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL FORECLOSURE EJF-FILE NO. 2016-393 Upon extra-judicial petition for sale under Act No. 3135 as amended by Act No. 4118, filed by HOME DEVELOPMENT MUTUAL FUND ( PAG-IBIG ), a corporation duly organized and existing under Philippine Laws, with principal office address at The Atrium of Makati Ave., Makati City. Against LYNETTE H. DELLOSA married to ROMEL S. DELLOSA , both of legal age, married, Filipino, with postal address at Door Montano Apt., San Nicolas St., Kauswagan, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of July 19, 2016, amounted to ONE MILLION SEVEN HUNDRED EIGHTY FIVE THOUSAND SEVENTY & 35/100 PESOS (Php1,785,070.35), Philippine Currency, inclusive of interest and penalty charges, attorney’s fees and expenses of foreclosure, the undersigned or duly authorized deputy will sell at Public Auction on OCTOBER 28, 2016, at 10:00 a.m. or soon thereafter at the main entrance of the Tourism Hall Building, at City Hall of Cagayan de Oro City to the highest bidder, for CASH or Manager’s Check in Philippine Currency, the following property/ies described below with all the improvements included, to wit: TRANSFER CERTIFICATE OF TITLE NO. 137-2015001121 ‘’ A PARCEL OF LAND with all IMPROVEMENTS THEREON ( LOT 18, Block 13, PSD-10-058579, Portion of LOT: Lot 1, PCS10-004054; Land Use: ( Residential) Location : Carmen, Cagayan de Oro City. Island of Mindanao Xxx Containing an area of ONE HUNDRED FIVE (105) sq.m. Registered in the name of LYNETTE H. DELLOSA married to ROMEL S. DELLOSA. All sealed bids must be submitted to the undersigned on the abovestated time and date. In the event Auction Sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title herein above- describe encumbrances thereon, if any there be. Done this 16th day of August, 2016, at Cagayan de Oro City, Philippines.

(Sgd.) ALDEN V. SAMBAAN Sheriff IV

BWM: Sept. 9, 16 & 23, 2016

(Sgd.) CELESTIAL VENUS G. GELBOLINGO Sheriff IV

c amar a d e r i e and re a l fel l ow sh ip w as felt and e x p e r i e nc e by a l l. K U D O S ROTA RY C LU B OF OP OL .

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region BRANCH 07 Tubod, Lanao del Norte

Republic of the Philippines Regional Trial Court of Misamis Oriental 10th Judicial Region Branch-20 Cagayan de Oro City

NOTICE OF EXTRA-JUDICIAL SALE Upon extra-judicial petition for sale under Act No. 3135/4118 filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG ), against ROWENA Z. BERNASOL, single, of legal age, Filipino citizen with postal address at C/O GANGGANG TIMPLA, AGORA EXTENSION, LAPASAN NEAR AYOP STORE, CAGAYAN DE ORO CITY, to satisfy the mortgage indebtedness which as of August 3, 2016 amounts to THREE HUNDRED THREE THOUSAND NINETY FOUR PESOS & 74/100 (P303,094.74), Philippine Currency, inclusive of interest, penalties, charges, attorney’s fees and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on October 14, 2016 at 10:00 A.M. at the main entrance of this Court, Regional Trial Court, Branch 41, Capitol Compound, A Luna St., Cagayan de Oro City, to the highest bidders, for cash or manager’s check and in Philippine Currency, the following personal properties, to wit:

and g u e st s for a fel l ow sh ip at h i s Far m at Sit i o L ang ag , B ar ang ay D ans ol i hon , C ag ay an d e O ro. It i s a 7 - he c t are f ar m pl ante d to f r u it t re e s . T he R ot ar i ans we re t he re to e nj oy t he f ar m ambi e nc e, t he b e aut i f u l f ar m s c e ne r y. A nd t he mo st aw aite d p ar t w as t he su mptu ou s lu nch w it h L e chon , Ka l d e re t ang Kambi ng and ot he r d el e c t abl e and mout h w ate r i ng c u i s i ne s . Pre s i d e nt E l e c t Rt n D o d ong Ma l a l i s a l s o d on ate d d el i c i ou s

IN RE: PETITION FOR CORRECTION OF ENTRY IN THE CERTIFICATE OF LIVE BIRTH OF MIRAFLOR DIANGO CAŇEDA UNDER THE CHILD’S MIDDLE NAME FROM DIANGO TO DAYANGCO; MOTHER’S MAIDEN NAME FROM MATILDE DIANGO TO MATILDE DAYANGCO and TO CLARIFY THE DATE OF BIRTH IN THE PSA COPY TO 30 OCTOBER 1986 MIRAFLOR D. CAŇEDA,

- versus –

SPL. PROC. NO. 322-07-2016 For: Correction of Entry

Petitioner,

THE LOCAL CIVIL REGISTRAR OF TUBOD, LANAO DEL NORTE, Respondent.

x-------------------------------------/ ORDER This is a petition for correction of entry in the Certificate of Live Birth of Miraflor D. Cañeda, praying among others that after notice and hearing, an Order be issued directing the Respondents to effect the correction sought for. Petitioner alleges that she is of legal age, single, and a resident of Purok 1, Camp 5, Tubod, Lanao del Norte. Public Respondent is sued in her official capacity. She was born to spouses Fresco Cañeda and Matilde Dayangco at Camp 5, Tubod, Lanao del Norte. However, said Certificate of Live Birth contains erroneous entry as to his Middle Name and the last name of Mother’s Maiden Name. Her middle name should have been DAYANGCO instead of DIANGO, the last name of her mother maiden name. To support her petition are the Certificate of Live Birth of her mother likewise the Marriage Contract of her parent. The date of birth of petitioner in the said Certificate of Live Birth in the copy generated from the Philippine Statistics Authority is not legible specifically the year – 1986. There is a need to clarify the date of birth to 30 October 1986, as compared to the copy of said certificate on file in the Respondent’s office. That petition is filed in good faith and is not intended to conceal the commission of a crime and/or defeat the investigation and prosecution of the same but with the sole intention to straighten the record of her birth, as to avoid confusion and future inconveniences. Set the initial hearing of the petition to December 5, 2016 at 8:30 in the morning before the sala of this Court. Furnish copy of this Order to the office of the Solicitor General at Makati City, Office of the Local Civil Registrar in Tubod, Lanao del Norte, the Public Prosecutor’s Office, to Atty. Dorothea Basalo of Poblacion, Tubod, Lanao del Norte and to the petitioner Miraflor Cañeda, at her known address. The petitioner is hereby directed to publish copy of this Order in a newspaper of general circulation within the province of Lanao del Norte for three (3) consecutive weeks, at her expense. Any person/s interested to the petition may come to Court on the scheduled date of initial hearing to show cause why said petition should not be granted. SO ORDERED. Tubod, Lanao del Norte. September 2, 2016. BWM: Sept. 9, 16 & 23, 2016

(Sgd) DENNIS P. VICOY Acting Presiding Judge

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friday|september 16, 2016

Oro tour agencies to hold travel sale By MARK FRANCISCO

WE have already promoted extensively all the tourist spots in Northern Mindanao. It’s now time for us to pay back. Thus was the thinking of the officers and members of the Cagayan de Oro Travel and Tours Association (COTTA) in conceptualizing Lakaw Tah 2016, a three-day gathering of the leading tour providers in the country in Mindanao. “We have noticed that many travel expos which are nationwide in scope are relegated to Metro Manila. So I said, why not hold one in Mindanao right in our beloved city of Cagayan de Oro,” COTTA president Jules Baril said. And the 30 members of COTTA unanimously agreed. Thus Lakaw Tah 2016

was born. As early as five months ago, COTTA already courted the top tour suppliers and agencies in Metro Manila to come to Cagayan de Oro and present their exhibit as well as their products and services line in the three-day event to be held at Centrio this September 20 through 22. Baril is proud to say that they will have an exciting lineup. “We will be presenting not your usual destinations and packages but those which are budding and more exciting ones,” he quipped. One of these would be a Batanes-based boutique airline which boasts of a high-class selection of gourmet and wines on board. That airline can ply the Manila-El NidoManila or Cebu-El

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

Nido-Cebu route. “It’s not just gonna be an airline offer, it will be a tour package already. You know the travel agencies in Metro Manila are pre-selling their summer 2017 offerings this early and it’s mostly a 70 percent discount. I’m confident that Cagayanons and Northern Mindanaoans will easily snatch that

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

EXTRAJUDICIAL SETTLEMENT OF ESTATE KNOWN ALL MEN BY THESE PRESENTS:

Jules Baril COTTA President

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

SO ORDERED,

July 14, 2016, Initao, Misamis Oriental.

opportunity,” Baril said, noting that Cagayanons in recent years have increased their purchasing power collectively. “Cagayanons love to travel domestically elsewhere in the Philippines. It’s just a matter of the right offerings for them and they’ll surely snap up that,” he added. Lakaw Tah 2016 will be a convergence of around 25 exhibitors from all over the country, all coming from the tour sector. The middle part of the venue at Centrio activity center will be filled with products presentations, raffle prizes and a catwalk show of fashionable

travel apparel from budding designer Jason Monding on the 21st of September at 4:00 p.m. So travel aficionados come and dig in the offerings Lakaw Tah 2016. It’s just a

one-time three-day event. For 2017, if plans don’t miscarry, international destinations will be featured for the Lakaw Tah edition that year, according to Baril. Watch out for that too!

Republic of the Philippines Province of Misamis Oriental Municipality of Initao -oOoNOTICE TO THE PUBLIC CCE – 0033-2016 R.A 10172

Date: September 6, 2016

In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A 10172), Notice is hereby served to the public that REJILIN E. BOBADILLA has filed with this office, a petition for change of first name from ‘’ ‘’ to ‘’ ‘’ and correction of entry in sex from ‘’MALE’’ to ‘’FEMALE’’ or correction of entry in the date of birth from ‘’ ‘’ to ‘’ ‘’ in the certificate of live birth of REJILIN O. ESPINOSA at Initao, Misamis Oriental and whose parents are VICTORIANA R. ORBANIA and LEOPOLDO S. ESPINOSA. Any person adversely affected by said petition may file his written opposition with this office not later than September 30, 2016.

(Sgd.) ISAIAS A. JARALES Municipal Civil Registrar

BWM: Sept. 9 & 16, 2016

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 25 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF AUCTION SALE EJF No. 2016-420 Upon Extra-Judicial petition for sale under act 3135 as amended, filed by WEALTH DEVELOPMENT BANK CORPORATION, (WEALTH BANK) for brevity, Petitioner-Mortgagee, represented by DANILO A. AQUINTO, in his capacity as Executive Vice President & Chief Operations officer of WEALTHBANK, against SPS. LUIS A. JAINGA and CLEOPATRA B. JAINGA, Mortgagors, with residential address at Block 01, Lot 28, Villa Nena Subdivision, Balulang, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of July 12, 2016, amounts to TWO MILLION FORTY FOUR THOUSAND ONE HUNDRED FORTY FOUR PESOS 7 96/100 ( P2,044,144.96) outstanding obligation, Philippine Currency, inclusive of interest, penalties, and other charges, but exclusive of the fees, and incidental expenses of the foreclosure and sale, the undersigned Sheriff or his deputies will sell at public auction on October 14, 2016, at 10:00 o’clock in the morning or soon thereafter at Regional Trial Court, Branch 25, Temporarily holding office at the City Tourism Hall, City Hall Compound, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the real property described herein below, with all existing improvements found thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-68898 ‘’A parcel of land (Lot 28, Block 1, of the cons. Subd.’’ Plan, Pcs-10-000990, being a portion of Lot 3046-B-1-B-3-A & Lot 3046-B-1-B-3-B, Psd-104305015907, situated in the Barangay of Balulang, City of Cagayan de Oro, Province of Misamis Oriental, Island of Mindanao. Bounded on the NE., along line 1-2 by Road Lot 2 of the cons. Subd. Plan. Xxxx Containing an area of ONE HUNDRED SIXTY THREE (163) square meters more or less, registered in the name of LUIS A. JAINGA married to CLEOPATRA B. JAINGA.’’ Prospective buyers/bidders may investigate for themselves the title of the herein property above-mentioned and all encumbrances thereon, if any there be. In the event that the said auction sale on October 14, 2016, will be declared holiday or non-working day, the same will continue on the next working day without need of further notice, publication and posting.

Cagayan de Oro City, September 2, 2016.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF:

(Sgd.) MARISSA P. ESTABAYA Presiding Judge

BWM: September 2, 9 & 16, 2016

(Sgd.) LOVE M. VERDADERO Sheriff IV BWM: Sept. 9, 16 & 23, 2016

BusinessWeek MINDANAO www.businessweekmindanao.com

Feature

Friday | September 16, 2016

Sikat ka Higala By SHERYL MACALE

As I move along through the years I remember the very days I started.I was 16 when I joined Bombo Radyo Philippines year 1992 and then later that year I joined Wild Zee 94 fm. I was still a neophyte at that time and still learning the line of broadcasting. It was the hottest the most popular dance music mix ever to exist the scene of

the industry. So it was pretty exciting to be casted with the Wild boys as we call it I was the only lady Dj at the time were over all 13. I cant remember all of there names I will try to name a few. Joe breaker, Crazy Willy, Ricky the Giant, The Equalizer, Nonoy Garote, Boy Negro, Billy Joe, Alvin the Dragon, Rey Slim, Allan the Pogi, Dr. Paco some

remained some have different careers and some have diverted to a different path but over all it was the best and the memories to me are still fresh just like it was yesterday but to date its been 25 years.Recently we celebrated the 25th year anniversary of Wild FM and we came about hundreds through the years. I was very excited seeing all

familiar faces the camaraderie, the brotherhood and the bond was so strong that it still feels like family. Willy Torres the President of University of Mindanao Network popularly known as Boss Willy or WT was there gracing the event. My Program Director Tito Monterde now Station Manager was such a sight to see the 25 years of their loyalty resulted to an award with Robert Guibone and Ruel Navalque. The COO Jeffrey Tan and Romy Chang Area Manager. It was such a joyous occasion, memories came flashing with very many bloopers and awkward and hilarious incidents at the most sensitive witness if only it could speak we call it â&#x20AC;&#x153;the Transmitter Roomâ&#x20AC;?. I was a living witness to my brothers demise with girls. I will not burn them for it will cause their secrets revealed at a very embarrassing account.

So everyone came early with Printed wild zee 94 shirts and just everyone to hug and kissed and it was so overwhelming that it was probably the best party I have ever been. It is nice to reminisce the past it is the most memorable if not the best. The survey we do all over the barangays and the Sawayan sa Baranggay and me rapping on stage wow it was an ever bliss. The adrenalin the thrill of coming to meet fans and listeners and having to meet your admirers bringing you flowers and the invitation on dates and parties wow we were so young back we still able to have the kind of energy to party each time. But looking back I cannot replace it with anything else I will be able to share this with my grandchildren what this Station means to me and so is everyone who came to join this team they will understand the experience.

Wild Zee was the best training ground and the many years they have shaped us to become better jocks and better spinners. Taking to account the many Lps we have to get to be familiar with the BPMs we have to memorize and the playlist we needed to follow. It was strict compliance an absolute martial law. We need to follow the program directors orders.But we enjoyed it. Not only he became our mentor he is also a friend and a good father to all of us Tito Monterde. I have learned so much from this station. It will always have a special place in my heart. So I will end this with congratulating WT for building an empire and the icon of house and techno and just good music I salute you Boss Willy thank you for uniting us. Till next 25 years if we are still alive. To UMBN and to my Wildzee Family Sikat Kayo Higala.