Issuu

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 048

Market Indicators

As of 6:12 pm september 22, 2016 (thursday)

FOREX

PHISIX

US$1 = P47.835

7,762.35

3.2 cents

86.93 points

Briefly Tenure of employment THE Department of Labor and Employment (DOLE) region 10 has shifted its focus from labor standards and healthy and safe workplace to upholding the security of tenure and employment status of workers based on the mandate of President Rodrigo Duterte to end contractualization. Based on Department Order 18-A, series of 2011, registration of new applicants as contractors or subcontractors is suspended. However, all certificates of registration of contractors/ subcontractors issued prior to the order shall be respected, unless otherwise revoked through the exercise of the enforcement and adjudicatory powers of the Secretary of Labor and Employment or his duly authorized representative. Atheneus A. Vasallo, Director II of DOLE region 10 said during a regional consultation on contracting and sub-contracting agreements with stakeholders on 20 September 2016 in Cagayan de Oro City that there are 540 establishments in Northern Mindanao who are contracting and sub-contracting.

Fishing rights PRESIDENT Rodrigo Duterte said Thursday he will visit China within the year to ask them to return to the Philippines its fishing rights in the disputed West Philippine Sea (WPS). ”One of the things that I would demand if I go to mainland China is give us back our fishing rights,” Duterte said in his speech during the inauguration of the Filinvest Development Corp. Misamis Power Plant in Misamis Oriental. President Duterte said he has no plan to ignore the UN international arbitral tribunal’s ruling in favor of the Philippines’ arbitration case filed against China’s nine-dash line claim that almost covers the entire South China Sea.

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FDC’s new power plant to end Mindanao woes www.businessweekmindanao.com

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Fri-Sat | September 23-24, 2016

• President Duerte switches on FDC Power Corp.’s 405-MW coal-fireed power plant

By CHENG ORDOÑEZ Associate Editor

ILLANUEVA, Misamis Oriental – President Rodrigo Duterte switched on yesterday the biggest base load power plant in Mindanao that could eventually end supply defficiency problem that have caused frequent long brownouts affecting the island’s economy.

POWER ON. President Rodrigo Duterte pushed on the button that formally puts to full operation the 405-MW capacity FDC Misamis Power Corporation’s coal-fired power plant in Villanueva, Misamis Oriental, yQesterday. photo by cheng ordoñez

The new plant, located at the Phividec Industrical Estate in Villanueva, Misamis Oriental, has a combined power/PAGE 11

Approval of Mindanao’s 230-KV line Euro Towers International to project ensures supply sufficiency build Davao’s tallest building MINDANAO’S 230-kilovolt (kV) transmission backbone project will enable the entry of an additional 2,400 megawatt (MW) of power capacity in the northern and southern part of the island as new plants go online, the Energy

Regulator y Commission (ERC) said in a statement. “The approval of the 230kV transmission backbone project will ensure sufficiency of supply, the reliability of power system and the power transfer in the Mindanao

grid,” said Jose Vicente B. Salazar, ERC chairman and chief executive officer. The transmission backbone is a project of the National Grid Corporation of the Philippines (NGCP), approval/PAGE 11

Women’s group pushes stricter rules on minors in hotels, inns By MARK D. FRANCISCO, Staff Writer

A WOMEN’S organization here is lobbying for the passage of an ordinance directing hotel, motel and inn receptionists to strictly require adults bringing minors in their rooms to present birth certificates proving that the juveniles are indeed their relatives. In the weeks leading to the International Day of Prostitution on October 5, TingogsaKasanag or Tisaka is drumming up support for their proposal upon learning that prostitution and human trafficking figures in the city have not changed for the past five years.. Tisaka is a women’s group in Cagayan rules/PAGE 11

NO TO PROSTITUTION. A former sex worker narrates her experiences to Xavier University - Ateneo de Cagayan students which is part of the awareness campaign leading to the observance of the International Day of No Prostitution on October 5.

By CARMELITO Q. FRANCISCO Correspondent

DAVAO City -- Euro Towers International Inc. is going full tilt with the construction of a P1-billion, 37-storey condominium, which is expected to be Davao City’s tallest building when it is completed by early 2018. “Our commitment is we are able to complete it in April 2018,” Roy L. Estanislao, director of the company’s construction and development group, said during the opening of the company’s showroom for its Vivaldi Residences on Tuesday. Mr.Estanislao said Euro Towers -- also the developer of the Vivaldi Residences in Quezon City -- is making extra effort on ensuring the building’s stability with a pile foundation of 59 meters into the ground, which is equivalent to the height of

Euro Towers International, Inc. is building Vivaldi Residences in Davao City.

a 15-floor building. About a tenth of the total construction cost or about P120 million is being spend for the foundation alone. Building/PAGE 9

photo by mark francisco

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Economy

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Labor dept strengthens funded livelihood projects in Bukidnon

MALAYBALAY City -- A team from the Bureau of Workers with Special Concerns of the Department of Labor and Employment (BWSCDOLE), Manila visited three DOLE Regional Office No. X (DOLE-X) funded projects in Bukidnon on 22-23 August 2016 in its continuing efforts to further strengthen budding entrepreneurial undertakings of funded livelihood projects. The activity is part of the Bureau’s yearly monitoring and d o c u me nt at i on of livelihood projects in areas covered by DOLE regional offices nationwide. This year, the BWSC-

DOLE focused its monitoring activities on projects implemented on previous years, specifically on CY 2010, which are still operational and are threading toward project sustainability. DOLE-10 Bukidnon Head Raul L. Valmores reported that the team was composed of Grace Salazar, Arianne Bucar, and Cho Sumpang from the BWSC’s Program Management and Technical Support Services Division (PMTSSD). “The team monitored and documented the Meat Processing Project of the Kiburiao Women Socio-

Economic Development Organization (KWSDO) located at Barangay Kiburiao, Quezon and Canteen Services and Rice Trading Projects of DAVCO-Laborers Union in San Nicolas, Don Carlos, this province,” Valmores accounted. The said projects were chosen for documentation based on the criteria that they have the potentials to become successful projectsbased on increase in income, production, productivity, and employment generation. Ma. Liza P. Lacubtan, narrated how their group was able to transform from

a mere informal sector group with no clear vision and goals to a now promising womenworkers organization engaged in an income-generating, entrepreneurial activities. Lacubtan recalled the bleak future they were facing before they finally used their idle time to hone their skills for productive self-help activities. In CY 2010, a livelihood assistance in the amount of P425,000, under the former DOLE-Integrated Livelihood Program, and now DILEEP was acquired by the group which greatly increased production volume and meet the demands of their products from growing customers and patrons.

Presently, the women organization generates a net income of more or less P8,000 per month from their meat processing operations and in effect providing employment

to their members who are hired as workers involved in the production process. Among the variety of products distributed by the projects/PAGE 9

New bridge opens in Lanao Del Sur LANAO del Sur -- The newly constructed bridge along the Marawi-Masiu national road opened this week, provincial governor Soraya Alonto Adiong said Tuesday. Adiong said that the 37.2 linear meter bridge costs PHP32 million, taken from the provincial government’s

general appropriation fund last year. She said that the Department of Public Works and Highways (DPWH) supervised the construction of the bridge along the section of the municipality of Poona Bayabao. bridge/PAGE 11

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Models showcase the travel apparel collection of Monding Sanchez Atelier at the Cagayan de Oro Travel and Tours Association (COTTA) exhibit dubbed as Lakaw Tah 2016 at Centrio. PHOTO BY MARK FRANCISCO

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

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Opinion

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fri-sat|september 23-24, 2016

Time of Courage and Mercy

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I live my mission of dialogue and peace through the Silsilah Dialogue Movement for med by Christians and Muslims. T hr u t he ye ars , I have developed friendships with many, giving special attention to the Muslims. I am a priest without a parish but with a lot of challenge that I am ready to face because I believe that it is still possible to build friendships with the Muslims and together build a harmonious society starting from the spir itu a l it y t hat u n ite s human beings as part of the same family created by God. When I started the Silsilah Dialogue Movement in Zamboanga City with other Christian and Muslim friends, my dream was to share with others that we are called to become “bridges” among people living and promoting a spiritual “chain” and “link” (this is the meaning of Silsilah) to remind all that “dialogue starts from God and brings people back to God”. This vision has been expressed in many ways: living with the poor, for m i ng s tu d e nt s an d

leaders, building bridges of solidarity and working for the protection of creation guided by the four pillars of dialogue that for us are: Dialogue with God, with the Self, with Others and with Creation. To those who ask me what we have done in so many years considering that the conflict is still visible, I often answer: “ We continue to be a sign of hope in spite of the difficulties. “ and often I add: “We are doing our part that for us is a mission and I see, here and there, s i g n s of h op e . T h an k s a l s o t o o u r p r e s e n c e”. For this reason we always say that our dialogue is more than a “strategy”, is a sustainable dialogue based on the spirituality of life-in-dialogue as an expression of love. Thus, for us, dialogue is not only a means but a goal itself. In Zamboanga City, the place where I normally live, we usually say that violence is done by “bad elements.” This is an expression that sometimes covers many things, including the violence claimed by those who identify themselves as “Muslims” but they do not give a good service to Islam. For t h i s re a s on , t o d ay many Muslim f riends come to me and express their frustration about the situation. When I ask them

what their religious leaders do to face these situations they often say : “Father, they also are afraid!” Sometimes I ask: “Afraid of what and of whom?” That often becomes the starting point for a long conversation that only among trusted friends can happen. It was a time when the expression “holy war” was used to justify “jihad” with violence encouraged by their understanding of their religious “obligations.” That expression still remains, no matter how it is used or misused, but maybe today we can also talk of “Holy fear,” that can be applied in many situations, but I put here as an attitude that I find often in some leaders , including “good Muslim leaders” who know many things but they are afraid to tell and act. They know who is behind acts and plans of “radical violence” but they are afraid to say in public. For the grass roots people maybe we can say that they often live in a stage of “holy ignorance”. They do not know proper religious guidelines and normally they trust and rely on their leaders who often do not say all they know or they could share because of fear, calculation or vested interest. As a Christian and a priest who has been in

Fr. Sebastiano D’Ambra Mindanao since 1977, I have a lot of good and sincere Muslim friends who share the same feeling and desire to help bring harmony among Muslims and Christians, I always approach this topic with humility because C h r i s t i a n s t o o, i n t h e past, have used a similar “strategy” to justify their actions against people of other cultures and religions. Violence has been part of the history of humanity since the beginning, starting from Cain who killed his brother Abel, but we cannot accept this situation any more. T he f utu re p e a c e i n Mindanao and other parts of the world needs people who move with courage and mercy, and I hope that you too join us in this mission to build together one big human family where we respect and love each other as brothers and sisters.

Why don’t our bright boys get it?

Create Your Own Luck Think a minute.Do you know some people who just have all the luck? They seem to get all the breaks. And you ask yourself: “Why don’t I get lucky? Why don’t I get a great education? A great job or business? A nice house? A wonderful wife or husband?” But the real reason most people are successful or lucky is that they’ve learned how to put themselves in a place so they can be lucky. They’ve learned how to, in a way, create their own luck! I’m not talking about dishonest or illegal ways. I’m talking about hard, honest work. But successful people don’t just work hard, they also work smart. They keep improving and making the most of their assets and abilities. Yet they also learn to ask for help in things they themselves are not that good at doing. As the famous Olympic athlete, Eric Liddle, said: “You can’t put in what God left out.” So we not only must make the most of our own special abilities, we must also learn our limits and weaknesses. A man recently got his lucky big break-a promotion in a large company. Everyone said, “That guy’s so lucky!” But that man created his own

Fr. Sebastiano D’Ambra, PIME Founder, Silsilah Dialogue Movement

THINK

A Minute

Jhan Tiafau Hurst luck.by always arriving at the office early. He apologized and admitted when he was wrong. He e ven shared the credit and reward with others when he had done much of the work. He was never satisfied just to get by and do average work. He always made the extra effort to do his very best. He kept working hard when others slacked off. We have to work hard and do what it takes to be in the way of luck and success when it comes. Otherwise, we’ll miss it because we weren’t ready. You never know when the right opportunity will come your way, and when the right, important person is watching your excellent attitude and work. That’s when you’ll get your lucky hurst/PAGE 9

It’s a question whose answer I really do not know. I guess one has to plumb deep into the hearts of the people concerned to get a glimpse of the reason. I’m referring to why, in spite of all the explanations on the subject given by the Church magisterium, even highly placed priestprofessors in seminaries and other ecclesiastical centers of learning do not understand the true nature and role of conscience in our life. It would be very easy to brand them as in corrigible modernists and relativists whose congenital defect is their over powering selfconfidence that they hold the ultimate key to the answers of our faith’s mysteries and moral questions. But that, I’m afraid, would still be off the mark. By the way, they seem to be quite a number of them dangerously lodged in these formation centers, giving rise to fears that the training of our future priests and other religious men and women could be seriously compromised. In many published papers and commentaries, posted even in the Internet, they affirm that conscience is our ultimate arbiter to know what is right and wrong in our actions. They can go so far as to admit that we can consider and ma ke inputs f rom

other sources, even from the Church teaching, but in the end, it’s our conscience that makes our actions moral or immoral. They understand conscience not only as the ultimate judge of the moral quality of our actions. It is also an independent and supreme judge who makes its judgments alone and no authority can question it. That’s how they understand the freedom of conscience. In this set-up, it would seem that even God has to defer to the judgment of one’s conscience. As to the Church authority over it, one better has to forget it. In their mind, our conscience is supreme and infallible. Thus, they tend to flaunt the reasoning that in spite of how wrong their action is if judged according to Churchtaught moral principles, they still would feel it was right, if it’s their conscience that said so. No question can be asked, period. You have reached the end of the line! This is really strange, because ever since I became aware of t he existence of conscience, I always understood it as a judgment I make about the morality of my actions according to a law that is not mine. It’s a law written in my heart, definitely not by me, but by someone else. Later, I was convinced that this law must have come

from my creator, God. I understood conscience as a judgment I make always with God, no matter how poorly I perceive him. It can never be a judgment arrived at by my lonesome self. Eve r y t h i ng tel ls me I do not and cannot live alone, by myself, though I can foolishly think that I am alone, which sadly happens from time to time. Objectively, and irrespective of whether we are aware of it or not, we are always into some relationship. That’s how I understand my life or anybody’s life to be. Thus, I was happy to learn years later on that the Catechism, for example, upholds this childhood insight of mine just as it is the insight of many others. Some relevant points could be the following: • 1776 – “Deep within his conscience man discovers a law which he has not laid upon himself but which he must obey. Its voice... sounds in his heart at the right moment...For man has in his heart a law inscribed by God.” • 1779 – “Return to your conscience, question it... Turn inward, brethren, and in everything you do, see God as your witness.” (St. Augustine) • 1795 – “Conscience is man’s most secret core, and his sanctuary.There h e i s a l on e w it h G o d

HINTS

and

Traces

Fr. Roy Cimagala whose voice echoes in his depths.”(Gaudium etspes 16) I supp os e w it h t h is understanding of conscience, what we have to do is to improve our sensitivity to discern God’s presence, praying, developing the virtues, mastering Christian do ctrine taught by the Church, etc. These will improve our most important, basic and pattern-forming relationship with God and our skill to apply his law to our actions. We have to do everything to insure that we always pursue this ideal. We have to be war y with our tendency to just intellectualize our understanding of conscience, which can give us impressive but not life-transforming lights, since it is detached from the true and ultimate Light. This is the usual Achilles’ heel of our bright boys. roycimagala@gmail.com.

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fri-sat|september 23-24, 2016

Puregold to continue aggressive expansion outside Metro Manila PUREGOLD Price Club, Inc. will continue opening 25 new stores annually for the next five years, as it still sees areas outside Metro Manila that are “ripe” for a big supermarket, its officials said on Tuesday. “We’re spreading out the store openings because there are plenty of opportunities,” Puregold President Ferdinand Vincent P. Co told reporters on the sidelines of the company’s third annual food business convention to highlight a marketing program called “Kaindustriya.” The supermarket operator is expanding outside Metro Manila and opened its second store in Cotabato City last week, Mr. Co said. It has now eight stores in Mindanao -- one each in the cities of Tagum, Iligan, Digos and Cagayan de Oro, the provinces of Bukidnon and Butuan, and two in Cotabato City. For now, he said Puregold is on the lookout for a location where it can open a bigger store in Davao City, as an answer to logistical problems. Having an “anchor” or “flagship” store in the city is seen to help the retailer avoid delays during typhoons, and an expansion of Puregold’s reach in smaller stores on the southern island, he added. Antonio E. de los Santos, Puregold vice-president and head of operations, described

CorporateWorld

the store expansion as “still very aggressive.” The supermarket chain is opening two new stores in different locations in Tacloban City. Mr. de los Santos pointed to the opening of a second store in Cotabato City as proof that business is good in the area, where Puregold is the first big retailer. The company was also looking at having a presence in other locations in Mindanao, including Pagadian, Dipolog and Ozamis. In Metro Manila, it opened a branch in Navotas two weeks ago, and is building one in Malabon. Puregold, which opened its first store in 1998 in Mandaluyong City, still has no presence in Pateros. “So even in NCR (National Capital Region), we have not yet completed all the cities and municipalities. So there are still opportunities for expansion,” Mr. de los Santos said. “We will be opening a lot more in South Luzon and North Luzon,” he said, adding that 12 to 15 stores are set to open before the year ends. Puregold now has a total of 266 stores, excluding t ho s e under c omp any owne d brands -- eig ht under Budgetlane and nine under NE, a supermarket chain in Nueva Ecija that puregold/PAGE 9

Filinvest Land set to launch 2 MRB condos in Davao City

AVAO City -- The Filinvest Land, Inc. (FLI) is set to launch its two new Medium Rise Building (MRB) projects in Davao City before the end of the year, allocating a huge part of its development b u d g e t for M i n d a n a o expansion. The real property developer has acquired a two-hectare site in Matina area and another 1.7-hectare site near the City Hall. It also acquired a 17-hectare site in Catalunan Grande for its economic housing project.

FLI Senior Vice President and Cluster Head for Visayas and Mindanao, Tristan Las Marias said the economic housing projects will cater to the market segment that can afford units from PHP1.5 million. The project will also be launched late this year. Las Marias said, “With the government’s renewed focus towards Mindanao, we exp ect the demand for affordable housing to grow as new industries and investments arrive in Southern Mindanao (Region XI) and SOCCSKSARGEN

(Region XII) areas.” “We would like FLI to be at the forefront to address this growing demand for affordable housing especially in Davao City and Koronadal City,” he explained. He said FLI is set to invest an additional PHP5 billion in the next three years in Mindanao as it expands its Futura Homes economic housing, its Spatial MediumRise Building portfolio with new projects in South Cotabato and Davao City. This is on top of the PHP4.7 billion-worth of

ongoing land development including the One Oasis project in Cagayan de Oro, thus granting Filinvest a 17 project-strong foothold spread over seven towns and cities. Aside from Davao City, Filinvest has recently acquired 7.5-hectare site in Koronadal City, South Cotabato. Meanwhile, he said the Centro Spatial, the 1.7-hectare mid-r is e condominium enclave set to rise in the center of Davao City, near City Hall, will have five 8-storey filinvest/PAGE 9

Globe expands network, to build over 500 LTE700 sites GLOBE Telecom goes full throttle in expanding its network to boost its Internet service so the Philippines can achieve first world online connectivity. As the telco deploys Long Term Evolution (LTE) 700 in more sites, the services will improve further, promised Globe President and CEO Ernest L. Cu. The company is now deploying LTE services using the 700 megahertz (MHz) frequency and expects to have around 250 LTE 700 sites by the end of this month. By year-end 2016, the

telco plans to activate more than 500 LTE 700 sites across the country, Cu announced. “We are fast tracking a multi-pronged network infrastructure and capacity expansion to provide better Internet experience,” he explained. Majority of the company’s LTE 700 sites will cover major business districts and highly-urbanized and populated areas in the country, including Metro Manila, Metro Cebu and Metro Davao. Fu r t he r more, Gl ob e is maximizing the use of

the previously idle 700 MHz band to fulfill its commitment to the National Te l e c o m m u n i c a t i o n s C ommission (NTC) to improve the Internet experience of customers following the sell-out of San Miguel’s telco assets. Globe also began rolling out a capacity expansion program for its corporate data network to address bandwidth requirement for enterprise clients using data solutions to improve business efficiency, enhance productivity and boost competitiveness,.

Specifically, Globe will deploy fiber optic technology to upgrade its corporate sites. For 2016 alone, the telco is upgrading least 61 sites, with 455 sites scheduled for next year. As part of its initiative to create a national internet superhighway, Globe recently deployed fiber broadband technolog y in Binondo, Manila. Overall, Globe plans to deploy fiber optics in 20,000 barangays by 2020 to provide ultra-fast Internet access to around 2 million homes nationwide.

Banking&Finance

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fri-sat|september 23-24, 2016

S&P unlikely to upgrade PH credit ratings

E BT- w atc h e r St a n d a r d a n d Po o r ’s ( S & P ) said yesterday that the Philippines is unlikely to secure higher credit ratings in the next two years amid uncertainties surrounding the stability, p r e d i c t a b i l i t y, a n d accountability of the Duterte administration. The S&P Global Ratings, one of three major international credit rating agencies, noted that the Philippine government’s stability and predictability in policymaking h a v e “d i m i n i s h e d s ome w hat” following President Rodrigo R. Duterte’s controversial pronouncements. F i n an c e S e c re t ar y Carlos G. Dominguez I I I d e s c r i b e d S & P ’s decision to maintain the credit rating and stable outlook as favorable news, but argued against the opinion that predictability of policymaking in the Philippines has “somewhat

diminished.” Dominguez explained t h e a d m i n i s t r at i o n’s economic pronouncements have b e en cle ar and consistent from the very beginning. “The Duterte administration is loud and clear in its message. We want to achieve a kind of economic growth that is not only robust and sustainable but one that actually lifts significantly more Filipinos out of poverty,” Dominguez said. “If one is able to see through the noise c r e at e d b y n e g at i v e headlines, he may have better and comprehensive understanding of the exciting, positive changes that are ahead of the Philippines,” he added. Meantime, BSP Governor Amando M. Tetangco Jr. also gave a statement on the latest rating decision by S&P. “The Philippines’ ability to keep its credit rating well within the investment

grade scale, which has transcended change in political leadership, is a testament that the country’s economic gains have been built from deeply rooted structural and sound policy reforms over the years,” Tetangco said. “Through continued conduct of sound monetary policy and prudent bank supervision, as well as efficient management of the country’s external accounts, the BSP will help make sure these economic gains are further enhanced moving forward,” the BSP Governor added. While the S&P affirmed the country’s investment grade status with stable outlook, the debt-watcher took note of the numerous instances of extrajudicial killings since Duterte came to power that could eventually affect sovereign ratings. “We believe this could undermine respect for the rule of law and human

rights, through the direct challenges it presents to the legitimacy of the judiciary, media, and other democratic institutions,” S&P said. “When combined w it h t h e Pre s i d e nt’s policy pronouncements elsewhere on foreign policy and national security, we believe that the stability and predictability of p olic y ma k ing has diminished somewhat,” the rating agency added. With rising political uncertainties while the country remains a lowmiddle income economy, S&P said “a higher rating is unlikely over our twoyear ratings horizon.” “We may lower the ratings if, under the new administration, the reform agenda stalls or if there is a reversal of the recent gains in the Philippines’ fiscal or external positions,” S&P said in a statement. But despite the current uncertainties under the new government, S&P said that

BSP to keep rates steady, may eye 2017 tightening THE Bangko Sentral ng Pilipinas is expected to keep its benchmark interest rate steady on Thursday but may turn hawkish next year if inflation picks up and the Federal Reserve tightens policy, a Reuters poll showed. The median forecast from the poll of 12 economists

suggest the BSP will hold its key rate at 3.0 percent on Thursday, and some predicted no change in rates for the rest of the year. The ceiling and floor rates in its interest rate corridor will also be kept at 3.5 percent and 2.5 percent, respectively, according to

the poll. At least one economist raised the possibility of a cut in the reserve requirement ratio on Thursday to further operationalize the central bank’s interest rate corridor system. Lower oil prices and a d e qu ate r i c e suppl i e s

have helped keep inflation subdued. In Januar y to August, annual inflation averaged 1.5 percent, below the central bank’s 2-4 percent target for this year and next. The BSP has not changed its monetary policy stance since a 25-basis-point rate hike in September 2014.

Government to issue P100B in RTBs THE government is set to issue P100 billion of 10year Retail Treasury Bonds following a nine-day public offer period that ended September 16. The bonds due September 2026 have a coupon rate of 3.5 percent and represent the 18th tranche of RTBs issued by the bureau and the first under the Duterte administration.

The P100-billion issue size includes the P65 billion of RTBs the Bureau of the Treasury issued on September 6 for its ratesetting auction. The issue size is less than the P150 billion raised under Duterte’s predecessor, President Benigno Aquino III in 2013. N a t i o n a l Tr e a s u r e r Roberto Tan said the volume

of retail bonds the Treasury is set to issue from September 20 is at a comfortable level based on the country’s cash position and funding needs. Proceeds from the sale of bonds geared towards small investors will be used to help finance the govenrment’s infrastructure projects. “It is as expected; we were confident of achieving that especially under an

administration that’s very credible and pretty much market-oriented and business-friendly,” Tan said. “It’s a balance that we made depending on our desired cash position. And of course we have projections of our cash flow in the future and the demand side which is the submissions of bids by different investors for this security,” he added.

the Philippine economy remained fundamental strong owing to its robust external position — rising foreign exchange reserves and low and declining external debt. It also said that the Philippines’ fiscal settings remaining sound. The country’s strong economic fundamentals

offset the weaknesses driving by p erceived changes in foreign policy and national security under the Duterte administration, the rating agency noted. However, S&P believes that the new administration will broadly continue with the fiscal and economic development policies of the Aquino administration.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region BRANCH 43 Gingoog City NOTICE OF EXTRA-JUDICIAL SALE File No. 223-2016 Upon Extra-Judicial Petition for Sale under Act 3135 as amended by Act 4118, filed by RURAL BANK OF BALINGASAG, INC., (RBBI), with Main Office at Rizal corner Malvar Strrets, Poblacion 5, Balingasag, Misamis Oriental against SPS CARLITO OCHEA and EVELYN OCHEA, both of legal age, Filipino citizen with postal address at Brgy. 18-A, City Proper, Gingoog City, Misamis Oriental 9014 to satisfy the Mortgage indebtedness which as of August 18, 2015 have amounted to FORTY EIGHT THOUSAND FORTY & 31/100 (Php 48,040.31) Philippine currency, representing the principal, interest due, penalties and other charges excluding 10% attorney’s fees, and other fees incurred in the foreclosure proceedings, the undersigned Sheriff will sell at public auction to the highest bidder for CASH on November 21, 2016 at 8:00 o’oclock in the morning to 4:00 o’oclock in the afternoon at the Regional Trial Court, Office of the Clerk of Court, Hall of Justice, Dugenio St., Gingoog City, the following properties with all the improvements existing thereon, to wit; TAX DECLARATION NO. 30414 A PARCEL OF RESIDENTIAL LAND, with all improvements thereon, Situated at Brgy. 18-A, Gingoog City, bounded on the North by; Subd. Road On the West by Lot 325 (11810), on the West by Lot 327 (11812) declared under Tax Declaration No. 30414, in the name of CARLITO OCHEA SR. with an assessed value of P 1,590.00 in all area, 123 square meters. TAX DECLARATION NO. 30415 A RESIDENTIAL BUILDING, erected on the same Lot, constructed with timber below and above under G.I. Roofings. With an assessed value of P 1,590.00 under Tax Declaration No. 30415, in all. All sealed bids must be submitted to the undersigned on the above stated date and time. In the event the public auction cannot take place on the said date, it shall be held on the next working day without further notice and posting. Prospective buyers may investigate for themselves the title of the herein described property/properties and the encumbrances thereon, if any there be.

Gingoog City, September 20, 2016. FOR THE EX-OFFICIO SHERIFF BY:

BWM: Sept. 23, 30 & Oct. 7, 2016

(Sgd.) FLORA C. PEREZ Sheriff Gingoog City

Billboard 7 Cebu Pacific takes delivery of first ATR 72-600 High Capacity aircraft Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

fri-sat|september 23-24, 2016

h e P h i l i p p i n e s’ l e a d i n g c a r r i e r, C ebu Pacific Air (PSE: CEB), yesterday took delivery of the very first ATR 72-600 High Capacity aircraft at an event in Toulouse, France. The delivery is the first of a US$673-million order of 16 aircraft that was placed at the 2015 Pa r i s A i r s h o w, w h i c h also includes an option to acquire additional ten more planes. The new ATR 72-600 which will be operated b y C e b g o, t h e w h o l l y owned subsidiary of CEB, features advanced avionics, enhanced performance in hot and high environments and increased cabin space along with additional seating capacity. The additional seating capacity will help further lower unit seat costs enabling CEB to pass on the benefits through lower fares to its customers. CEB will progressively replace its current fleet

of eight ATR 72-500s – which are configured with 72 seats – with the fleet of 16 new ATR 72-600s, with 78 seats. Deliveries of the ATR 72-600s will run until 2020. The airline is modernizing its fleet with the most popular regional aircraft to substantially expand its route network and frequencies across the archipelago and continue to support the growing Philippine economy. In a particularly competitive environment, the new high capacity ATR72-600s will help the airline reduce its fleet’s fuel consumption and cost per seat while answer ing t he g rowing demand for inter-island connectivity. Commenting on this m aj o r d e l i v e r y, L a n c e Gokongwei, President and CEO of Cebu Pacific Air declared: “We are honored to be the launch operator of t he l arge st - c ap a c it y configuration of the ATR 72-600. These aircraft will

enable us to provide the most modern standards of comfort and even more competitive fares to our guests, while expanding our inter-island network. The opening of new routes and destinations will help strengthen links between lo ca l communit ies and encourage more business and tourism opportunities. The Required Navigation Performance-Authorization Required (RNP AR) and Vertical Navigation (VNAV) capability of our new ATR 72-600 fleet will further increase airfield access, benefiting the economies of remote provinces, as well as facilitating more efficient air traffic management.” Patrick de Castelbajac, Chief Executive Officer of ATR, commented: “ The ATR 72-600 is particularly successful in South East Asia as it offers the optimal answer for regional travel, in terms of both operating costs and passenger experience. The new high capacity option

is particularly adapted to the operational needs of a successful low-cost carrier in this part of the world. We look for ward to see our first 78-seater fly with one of the fastest-growing

Zamboanga Satti All You adds spice to Kagay-an Culinary Adventure Trail Coke Sakto. As Marjorie Bulahan of Filipino Bloggers Worldwide describes it: Satti is the spicy dish popular among locals of Zamboanga. It is the food that perks up your morning. Satti is served with sticky rice uniquely cooked in a woven coconut leaf (puso) and sticks of grilled beef and chicken meat swimming in the thick, spicy and hot sauce. Like all hard-core satti aficionados of Zamboanga, she concurs it is the sauce that makes all the difference giving it the special taste. “The unique flavor of this food is what makes

many Chavacanos (people of Zamboanga) miss t h e i r h o m e . Mo r n i n g s in Zamboanga for many joggers, students and office workers begin at a satti house. It has become the comfort food for many because of its rich texture and spicy flavor that gives a calming sensation. This is one food that can make your heart beat faster and sweat glands get to work.” That’s why St. Ignatius C ountr y Kitchen offers Satti-All-You-Can only from 5AM to 10AM Mondays to Saturdays. This sked also enables Concon to continue serving her catering clients. However, she also accepts

with the largest number of ATR aircraft in operation. ATR estimates demand for some 750 turboprops in this region within the next two decades. cebupac/PAGE 9

Cebu Pacific Air ordered 16 ATR72 -600 from ATR, the European Turboprop aircraft manufacturer. The deal includes options to acquire 10 more of the same. ATR

The Night Stalker:

From its humble beginnings at the Havelano Square near Plaza Divisoria in the 1990s, Cagayan de Oro’s Culinary Adventure Trail has expanded in the past two and a half decades thanks to people from other places who’ve made this City of Golden Friendship their home. One of those is Concon Ignacio, Maestra Kusinera of St. Ignatius C ountr y Kitchen at Fernhill Street, Macasandig. Hailing from Asia’s Latin City Zamboanga, this compoblanos of mine has been in Kagay-an (as the Lumad Kagay-anons would call their beloved city) for the past two decades and counting. Starting as a caterer, Concon has gained a niche with government agencies and high end clients who don’t mind paying a premium for her delicious creations. However, Concon and St. Ignatius Country Kitchen would most probably b e best remembered in Cagayan de Oro as the prime mover responsible for mainstreaming Zamboangueño (or as many insist Chabacano) and Tausug dishes into the Kagay-anon culinary lexicon. For her latest foray, St. Ignatius Country Kitchen started offering Zamboanga Satti-All-You-Can for only P99 per head with a free

carriers, Cebu Pacific. ” AT R h a s s o m e 3 8 0 aircraft operating in AsiaPacific in the liveries of over 60 airlines. In recent ye ars, Asi a-Pacif ic has become the world region

orders provided these are made at least two days in advance. T h e r e a r e d i f f e r e nt varieties of Satti de Zamboanga and in fact, there’s also another eat-allyou can joint along Corrales Avenue which leans more tow ard s t h e Ma l ay s i an variety. Then, there’s the Jolo/Tausug version with the green sauce. Those interested can view how it’s made from Tausug Online at this URL: https://www.youtube.com/ watch?v=u5G0wU6lQcY, How e v e r, y o u h av e t o know how to speak Tausug since it’s described in that language. (cat’s grin) satti/PAGE 9

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fri-sat|september 23-24, 2016

DTI10 opens 15th, 16th Negosyo Centers CAGAYAN DE ORO CITY -- In its continuous efforts in carrying its mandate of enabling the Micro, Small and Medium Entreprises (MSMEs) in Northern Mindanao, the Department of Trade and Industry – Region 10 launched two more Negosyo Centers in Lanao del Norte on 16 September 2016. Located in the municipalities of Kapatagan and Lala, the launching of these Negosyo Centers marked the 15th and 16th in the region, and 289th and

290th in the country, respectively, since the implementation of Republic Act 10644 otherwise known as the “Go Negosyo Act” in 2014, authored by Senator Paolo Benigno “Bam” Aquino. Both launchings were attended by a representative from the office of Sen. Bam Aquino, Luke Buniel, DTI Region 10 Director Linda O. Boniao, DTI Lanao del Norte Provincial Director Ruel B. Paclipan, a representative from the office of Congressman Abdullah Dimaporo, and

lawyer Donato Calica. The launchings were hosted by the local government units (LGUs) where they are located, strengthening the partnership between DTI and the LGUs in ensuring the ease of doing business in the cities and municipalities in Region 10. Kapatagan Mayor Barry Baguio highlighted in his message the municipality’s appreciation in the launching of the Negosyo Center. “Today’s launching is a testament of the efforts

of DTI and Senator Bam Aquino to further advance the economy of Kapatagan,” said the mayor. Meanwhile during the launching in Lala, Mayor Allan Lim recalled a conversation he had with director Boniao on how the mud crabs and prawns from their municipality is traveled and sold at the neighboring cities and municipalities. He mentioned how he foresees the Negosyo Center helping their citizens in marketing and promoting these

Satti...

are more into eating the barbecue with rice soaked n satti sauce.” Owing to the hot reception by compoblanos and Kagay-anons alike to her version of Satti de Zamboanga, St. Ignatius Country Kitchen now also offers other Zamboangueño and Tausug dishes like sikalang, saging rebosao, royale bibingka, tamal and

pastil de moro. Maranao dishes have long been available at or near Cogon market and ot h e r re g i on a l re c ip e s like sisig, pancit molo, pinakbet, kalderetang kambing, Bicol express, sapin-sapin, batchoy and many more had long spiced the local culinary scene with their variety of tastes and textures.

We look forward to the day when Cagayan de Oro with a little help from the Cagayan de Oro Hotel and Restaurant Association’s (COHARA) long-running Kumbira Culinary Festival and Competition, can truly be for both Kagay-anons and their visitors the literal melting pot of regional dishes from around the country and its neighbors.

from page 7

Concon said she could immediately tell if it is a Zamboangueño or someone from somewhere else from the way they eat their satti. “A Zamboangueño would ask for more sauce since people back home really like slurping the hot sauce while diners from other places

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

products. Both Negosyo Centers are strategically located in their respective municipalities; Kapatagan’s Negosyo Center was dubbed by Buniel as “one of the best Negosyo Centers in the country in terms of location,” being located right in the middle of the municipality which also happens to be the Pasalubong Center. On the other hand,

TEACHING PUPILS WITH SPECIAL NEEDS By CHERYLL V. OLIVA POCOPOCO E/S, DAMULOG DISTRICT

Not hing can comp are with teaching profession. It requires patient, deep understanding, unlimited effort and etc. It is a big challenge especially in teaching pupils with disability wherein they need much time to coopt up with the lesson. The teacher need to discover their potentials, capability and skills. Being one of the mentor of these group of pupil, I was hardly impart them since I don’t have any background regarding their needs. I was able to give them diagnostic test on their first day to assess their level of learning since they had different level of difficulty. Some are responsive while others want to play and enjoy the whole duration. They need to have reward after their activities for them to be more participative and

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

Lala’s Negosyo Center was intentionally placed by mayor Lim near the Municipal Hall to make business registration easier for their citizens. As Atty. Calica mentioned in his message, “RA 10644 is DTI’s solution to poverty, it is then the citizens of Lanao del Norte’s task to make use of these newly launched Negosyo Centers.” (Alren Gem Gay T. Neri/DTI-10)

cooperative. The teacher should prepare different activities everyday which suit to their level to avoid boredom. They want to be please anytime and be appreciated in all their achie vements. B ehind those necessity, they are all attention seeker which burden the part of the teacher especially the newly one. I think, training is the best solution in this situation and the best materials to supply for them to be more active and interesting. Discovering new techniques in teaching also can help especially the multimedia approach and having the audiovisual teaching aid. It is my stink to pursue the DepED vision and mission which is to cater the needs of the pupils especially the needy one.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE REGIONAL TRIAL COURT SHERIFF NOTICE OF EXTRA JUDICIAL SALE EJF File No. 2016-372 Upon Extra-Judicial Petition for Sale under Act. No. 3135 as amended by act No. 4118, filed ny NATIONAL HOME MORTGAGE FINANCE CORPORATION (NHMFC), as Mortgagee/s, against LUCILO DAGUMO OMANDAM, married to FELMA LASMARIAS OMANDAM AS Motgagor/s, with postal address at Blk.1, Lots 15 & 16, Villa Cabdida, Ph 1, Subdivision, Bulua, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of 05/30/15, amounted to Php 796,275.47., undersigned Sheriff will sell at public auction on October 27, 2016 at 10:00 in the morning to 4:00 in the Afternoon, at the Office of the Clerk of Court, Regional Trial Court, City Tourism Hall, Cagayan de Oro City, to the highest bidder, for cash or manager’s check and in Philippine Currency, the following property described below, to wit;

TCT No. T-79-24 ‘’A PARCEL OF LANF (Lot 16, Block 11, Pcs-104305-000974, being a portion of Block-11 & 17 & Road Lot 13, Psd-10-015484) Situated in the Barrio of Bulua, City of Cagayan de Oro, island of Mindanao, containing an area of Forty Eight (48) sq.m. more or less.xxx

All sealed bids must be submitted to the undersigned on the above stated time and date. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon, if any there be. DONE this 19th day of September, 2016, in the City of Cagayan de Oro. (Sgd.) ENRIQUE M. TALAG, JR Sheriff IV BWM: Sept. 23, 30 & Oct. 7, 2016

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

fri-sat|september 23-24, 2016

Building...

Projects...

“We cannot compromise safety,” he said. Project Sales Manager Angel C. Zafra, for her part, said they have already sold 704 residential units in the building, which is more than 80% of the 870 total. The company is aiming to have all the units sold by the first quarter next year. Mr.Zafra added that the company is also finalizing the concept and design for the eight-unit penthouse. Two floors of the building, the second and third, and part of the ground floor will be allocated for commercial units. Maricar J. Encarnacion, Euro Towers chief operations officer, attributed the brisk sales of the project to their comp etitive prices and good location at the city’s commercial center. Vivaldi Residences, which is Euro Towers’ first project in the city, is targeted at the middle market or those with income between P30,000 and P130,000 monthly. “This has attracted our buyers to our project,” said Ms.Encarnacion. The units are between 16 and 37 square meters, with a price range of P2 million to P2.8 million.

association are beef, pork and chicken tocino, tapa, longganisa, beef patties, chorizo, organic fruit juices and dairy products. T h e s e pro du c t s a re sold either on cash basis and consignment through marketing agreement forged with the target customers which includes public market stalls, mini-groceries, school canteens and government and private establishments. “ To f u r t h e r at t r a c t c u s t om e r s , w e , i n t h e association joined livelihood and trade fairs organized by local government units (LGUs), Department of Tourism, and Department of Trade and Industry in the province,” Lacubtan related. A major concern in their operations is the unavailability of new equipment which could hasten production and increase production volume from an existing 30 kilos per day to 100 kilos of processed in a day. Meanwhile, the DAVCO Laborers Union’s canteen services project was also one of the projects monitored and documented by the BWSCDOLE team. Valmores also accounted that the project started in CY 2010 with a P170,000 funding

from page 1

from page 2

provided by DOLE-X for a rice trading project which was intended to answer to the needs of the plant and plantation workers who were clamoring for affordable rice.

Hurst... from page 4

break! But when you put your life in Jesus Christ’s hands, the right, important Person is always watching you and all that you do. Then He will reward and bless your life in many ways as you do your very best to please Him in everything everyday. Just Think a Minute .

Puregold... from page 5

has expanded to Baler and Isabela. As Puregold expanded its store network, it launched a loyalty program in 2004, which is now known as “Tindahan ni Aling Puring.” Under this umbrella program is “Kaindustriya,” which holds an annual event that brings together food entrepreneurs and resellers from across the country. “Our commitment is to support the food resellers... because we think no one else, no other retailer, is able to provide the same opportunities as we do right now,” Mr. de los Santos said. He said the program was

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.

Filinvest... from page 5

mid-rise buildings and would boast of spacious units and complete amenities. Spatial communities provide a secure and very a c c e ss ibl e home i n an environment where over 65 percent is provided for open space and amenities

and is perfect for the budget conscious start-up families. The second MRB project that will rise on a 2-hectare site in Matina, Davao City will likewise offer spacious units at affordable prices with large open spaces and activity areas. These new ventures now comprise Filinvest’s total of 24 residential buildings all over Mindanao. “We are excited with the very strong demand for affordable condominium units in Davao City. As Davao City emerges as the new political capital of the country, we expect the influx of investments to continuously pour into Davao, particularly from our Overseas Filipino Workers looking for prime real estate investments, and contribute to the growing demand for affordable condos in Davao. We also believe that the City has the right fundamentals to attract and sustain business investments in spite of recent events,” Las Marias said. (PNA)

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

Cebupac... from page 7

CEB offers flights t o 3 6 d om e s t i c a n d 3 0 international destinations, covering an extensive network that spans Asia, Australia, and the Middle East. Its 56-strong fleet is comprised of six Airbus A319, 36 Airbus A320, six Airbus A330, and eight AT R 7 2 - 5 0 0 a i r c r a f t . B etween 2016 and 2021, CEB expects deliver y of 32 Airbus A321neo, two Airbus A330, and 16 ATR 72-600 aircraft. For bookings and inquiries, guests can visit www.cebupacificair.com or c a l l t h e re s e r v at i on hotlines (+632)7020-888 or (+6332)230-8888. The l atest s e at s a les c an b e found on CEB’s official Twitter (@CebuPacificAir) and Facebook pages. Guests may also download the Cebu Pacific official mobile app on the Ap p S t o r e a n d G o o g l e Play.

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:

also crafted to respond to the feedback from sari-sari store owners who also operate carinderias or eateries. They were in need of management and budgeting guidance on how to maximize the return on their investments. Kaindustriya star ted with only 2,000 members in 2014 and has expanded to 11,000 to 12,000 so far this year. Its members include hotels, restaurants, caterers, food carts, bakeries and even fishball vendors who need to buy bigger packs of cooking ingredients but not in the volume supplied by manufacturers. The yearly convention offers deals that are not found in the stores. The program has reached a number that Mr. de los Santos described as “barely scratching the surface” of the country’s network of food resellers, which he estimated at around 120,000. Puregold’s store expansion could help expand that reach, he said.

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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fri-sat|september 23-24, 2016

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fri-sat|september 23-24, 2016

Power... from page 1

capacity of 405-megawatt (MW). It is owned and operated by FDC Power Corporation, a subsidiary of FDC Utilities, Inc., the power arm of the Gotianumled Filinvest Development Corporation (FDC). The plant is also the first to be inaugurated by Duterte since he assumed office last June 30. Envisioned to end the recurring power crisis that has plagued the region for decades, the power plant has three generating turbines with a maximum capacity of 135-MW each. All of which are now onstream and synchronized to the Mindanao grid. Since the start of synchronization, the power plant’s commissioning power has greatly contributed to the stability of the Mindanao grid. Long term contractual commitments have been secured for more than 85% of the project’s net capacity with various distribution utilities and large industrial customers covering 205 municipalities and barangays in Mindanao. “We want to help this administration by providing power at the most affordable cost and in the most reliable way with technology that protects the environment,” according to FDC’s President and CEO Josephine Gotianun Yap. Joining President Duterte during the inaugural switching on of the plant yesterday were Mindanao De velopment S ecretar y Datu AbulKhayr D. Alonto, Misamis Oriental Governor YevgenyEmano, the province’s 2nd District Representative JuliethUy and other local officials. Duterte, in his speech, however, did not dwell to much about the circulating fluidized bed-coal thermal power plant, but lambasted the United States again on the extra-judicial killings in the country. The power plant is a multibillion peso investment by FDC Misamis that will use the latest in clean coal technology: the circulating fluidized bed boiler technology. Considered as the cleanest process to burning coal, the technology removes more than 95% of sulfur emissions. It creates negligible nitrogen oxide levels while generating useful by-products such as calcium sulfate for cement production. “Aside from being the biggest investment of the Filinvest group, it is the realization of the dream of our founder, Andrew Gotianun, Sr. to help in empowering Mindanao,” stressed Gotianun Yap. During the program, the power plant was dedicated to the late founder of the Filinvest Group of Companies. Jon at h a n G ot i a nu n , chairman of FD C said, “The Filinvest Group has invested in Mindanao for decades and we continue to place our confidence in the

region because the country’s development can happen only if we make sure Mindanao grows alongside the rest of the country.” Joining the President were Mindanao Development Secretary DatuAbulKhayr D. Alonto and local executives of Misamis Oriental and Cagayan de Oro City. FDC, the holding company of the Gotianunled Filinvest Group, is one of the Philippines’ l e a d i n g c on g l om e r at e s with interests in property development, banking and financial services, hotel and resort management, power generation and the sugar industry. As of June 30, 2016, FDC had assets valued at P448.56 billion with stockholders’ equity at P100.54 billion.

Approval...

from page 1 which was approved by the regulator on July 20, 2016. The ERC disclosed the project’s approval yesterday. The ERC said the project enables transmission facilities traversing from the northern to the southern corridors of Mindanao to take in the entry of new power facilities. It will also allow existing power plants to be dispatched at their respective maximum capacities and transmitted throughout Mindanao that will solve line congestion and load curtailment. The ne w generat ion facilities include those of

the FDC Misamis Power Corp., GN Power Coal Plant, Therma South, Inc., San Miguel Consolidated Power Corp. and Sarangani Energy Corp. ERC said the projects prompted NGCP to upgrade and expand its transmission facilities to meet the requirements of the Mindanao grid. B efore t he approva l of the 230-kV Mindanao transmission backbone, the ERC had approved the MalitaMatanao 230 kV transmission line in November 2014 and the first phase of the BaloiKauswagan-Aurora 230 kV transmission line in June 2015. “The Malita-Matanao project, initially energized at 138 kV, was proposed to be increased to 230 kV to join the Matano-Toril-Bunawan 230 kV line and relieve the overloading of the existing Davao-Toril-Matanao 138 kV transmission line,” the ERC said. “The Baloi-KauswaganAurora project, on the other hand, will accommodate the output of GN Power’s proposed coal-fired power plant in Kauswagan, LanaodelNorte up to 2018,” it added. from page 1 de Oro City working to curb both human trafficking and human immunodeficiency virus (HIV) cases in the region. During International

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

men to stop buying sex. It was a déjà vu scene year after year after year. During the administration of then Mayor Vicente Y. Emano, it was both the Regulatory and Complaint Board for Amus ement Places and the SangguniangKabataan which led the inspections each October 5 along with Tisaka members. When Mayor Oscar S. Moreno took over in 2013, the city social welfare and development office took the cudgels. Yet the situation remains the same. Ms.Monding said that based from their data, there are more than 700 prostitutes plying the trade in Cagayan de Oro City whether during the day or nighttime. They cross gender lines. S ome are minors. “We cannot conclude from their appearance. They may just be loitering around in the malls, at Divisoria wherever, waiting for that text message from the pimp. Then they go to the hotel rooms where their client is waiting,” Ms.Monding said. This is where pushing for the ordinance comes in.

Bridge... from page 2

The bridge would provide safety to the public commuters and travelers who pass the national road to the neighboring municipalities in Lanao Del Sur, Adiong said. She said that the traders and other people engaged in business can now easily transport their goods and services to Marawi City and nearby municipalities, which could help perk the local economies. Vice Mayor Lampa Pandi of Poona Bayabao town said the new bridge replaced a dilapidated 50-year-old bridge that was merely made of steel. Pandi said that accidents and deaths happened on the old bridge due to its wornout state. (PNA)

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 25 Cagayan de Oro City

Rules...

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

AIDS Candlelight Day, their members are in the forefront of the commemoration. But between now and October 5, the group will address efforts to decrease prostitution in the city. The group’s members were mostly former prostitutes themselves. Tisaka president EleonyMonding, who has been fighting prostitution since the 2000s, is alarmed that human trafficking is glaringly prevalent. “The modus operandi is simple and decades old. Offer the vulnerable girls in the provinces as young as 16 for a job here. They end up entertaining men who are willing to pay for a night out. We don’t know what happens during their date but I bet you, there is really sex involved,” Ms.Monding said. During the International Day of Prostitution, Ms.Monding and her group, assisted by City Hall employees, did the rounds of nightspots here, urging them to close shop for the night. The symbolism is clear: send a message to the

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

BusinessWeek MINDANAO www.businessweekmindanao.com

tourism

Fri-Sat | September 23-24, 2016

Department of Tourism 10 Celebrates National Tourism Week 2016 By Joe P. Palabao / Tourism Feature Writer

ith the theme : “Tourism for All-Promoting Universal Accessibility”, the Department of Tourism X under active leadership of Tourism Czar Regional Director-Catalino ‘Butch’ E. Chan III celebrates the National Tourism Week Celebration 2016 at SM City Cagayan de Oro to commence at 3:00 o’clock today.

The National Week Tourism Week 2016 is a fitting celebration as the Department of Tourism highlights the importance of accessibility to the destinations and community’s participation to the various tourism endeavors of the stakeholders and to the tourism industry as well. The event will be attended and participated in by various academic partners, tourism stakeholders and tourism

related establishments that carry various products and services relative to the industry. This year’s celebration, it is their mandate to promote and showcase emerging destinations as they will feature the beautiful Mr. Malindang Range of the Province of Misamis Occidental, the bounty of the Municipality of Lala and its beautiful tourist destinations, Seven Seas, Camigiun Tourism Association, the Gardens

Malasag Eco-Tourism Village and the emerging tourist destination of the Municipality of Manolo Fortich-Bukidnon. Grand Opening Day –September 23, 2016 will be participated in by the travel club of Liceo de Cagayan University with

beautiful and mesmerizing numbers prepared by the Department of Tourism X. On the second day – September 24, 2016-Cagayan de Oro College (COC) Phinma Educational Network will showcase their best tourism presentation to impress the audience, the domestic and local tourists attending and watching the event. On the last day-September 25, 2016, the travel club of Vineyard and International Polytechnic College will present the school’s tourism activities of their club. Business Week Mindanao and

Mindanao Daily News as co-presenter of the prestigious annual celebration will showcase the different features of tourist destinations and festivals of the Region in collage and paintings by realist artist Tenny Torres of Mindanao. Business Week and Mindanao Daily have been a mediapartner of the Department of Tourism X for the last seven (7) years covering all the tourism events of the Region. Year 2014, a prestigious tourism title and accolade was given to Director Chan as the Tourism Czar of Region X as he brought Northern Mindanao to

the international Tourism Scene to London, to the BIMP EAGA growth area of which he was Chair of Promotion the famous annual Pasundayag to different parts of country and other parts of world. On the last day of the Celebration – September 25, 2016 is the Finale which is the Search for DOT X Singing Ambassador 2016. This is the most awaited annual search wherein home grown talents from the different provinces, cities and municipalities will be discovered and be singing ambassadors of the Region to the National Tourism Industry.

The Alimango Festival of Lala, Lanao del Norte

Balabag Peak, Mount Malindang Range