BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 040
Market Indicators
As of 5:57 pm september 2, 2016 (friday)
FOREX
PHISIX
US$1 = P46.65
7,807.42
X
2.5 cents
34.11 points
X
Briefly Mining law review SURIGAO City – Officials and leaders of Philippine Chamber of Commerce and Industry and some delegates of the recently concluded 25th Mindanao Business Conference (MinBizCon) held here proposed for the review of mining industry policies and the formulation of a Mineral Products Industry Development Plan. Among the reasons cited for the proposal are the growing environment concerns and the low price of nickel ores and other minerals in the global market. The heavy emphasis of shipping out more nickel ores out of the country by a number of companies lead to the complacency on the strict compliance of some relevant environment management standards. Moreover, it is explained that it would be more to the advantage of the Philippine government and its people that processed and refined minerals will be sold to other countries instead of the low-priced ore like nickel laterite.
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New trade agreement to propel tuna exports www.businessweekmindanao.com
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By MINDANEWS
ENERAL Santos City -- The Department of Trade and Industry (DTI) expects a surge in tuna exports to the European Union (EU) with the impending implementation of the country’s new free trade agreement with the European Free Trade Association (EFTA).
Tr a d e an d In du s t r y Secretary Ramon Lopez said the new trade deal will open up more access to the EU for fresh and processed tuna products, which are already enjoying duty-free treatment under the 28-nation bloc’s Generalized S cheme of Preferences Plus (GSP+). tuna/PAGE 11
FREE TRADE. A worker manually carries a tuna into the scaling section at the Fish Port Complex in General Santos City.
Biz group condemns Davao City bombing By KRIS M. CRISMUNDO, PNA
THE Makati Business Club (MBC) has condemned the bombing incident at the Roxas night market in Davao City. “The Makati Business
Resilient BUTUAN City -- Over 150 multistakeholder representatives from the academe, government, private sector and civil society will meet here Thursday at the Father Saturnino Urios University (FSUU) for a gathering of experts at the 2nd Mindanao Policy Research Forum (MPRF), and push for advocacy initiatives and policies to boost climate change resilience among Mindanao communities. The conduct of the 2nd MPRF is in line with the 2016 Development Policy Research Month (DPRM), a nationwide event that aims to promote and draw nationwide awareness on the importance of policy research in the formulation of sound development plans, programs, and policies. Following DPRM’s theme of “Investing in Risk Reduction for a Resilient Philippines,” the MPRF will showcase various policy researches and best practices relevant to developing resilient communities in the island-region.
P15.00
Monday | September 5, 2016
Club strongly condemns the horrific act of terror that took place yesterday evening at the Roxas Night Market in Davao condemns/PAGE 11
MOBILE HOME. This family ekes out a living with their pushcart during the day, which also serves as their mobile home where they eat and rest during night time. PHOTO by GERRY LEE GORIT
Health: Foundation of community’s resilience By BONG D. FABE, Contributing Editor
IN DISASTER preparedness, the safety of the community is of utmost importance. And health is the foundation of this safety. This, according to Athena “Nenen” Banza, Johanniter
International AssistancePhilippines program coordinator, as she stressed on the importance of health in relation to disaster preparedness and resiliency-building. “Health is our first line of
defense for survival,” she said during the simple turn-over ceremonies of health centers whose construction was funded by Johanniter through its partner organization, Balay Mindanaw Foundation, Inc. (BMFI). foundation/PAGE 11
HITCH RIDE. A foreign national hitch-rides at the back of a jeepney plying the Cagayan de Oro City’s Marcos bridge on Saturday (Sept. 3), taking glimpses of the Cagayan River by quite another view. GERRY LEE GORIT
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Economy
PCCI prexy acknowledges Mindanao’s role in PH growth SURIGAO City -- Philippine Chamber of C ommerce and Industr y (PCCI) President George Barcelon acknowledged the role of Mindanao in helping the c ou nt r y a ch i e ve bro a d growth across all sectors. In his speech during the 25th Mindanao Business Conference (MinBizCon) held recently here, Barcelon said Mindanao has always been an enigma – an area b l e s s e d w i t h s o mu c h resources yet with a number of provinces remaining poverty-stricken. Despite the fact that conflict was confined to a few areas, the picture of insurgency hau nte d t he p s yche of Filipinos and foreigners alike, a stigma that caused investors to turn a blind
eye on the region. “I am glad to say that this no longer holds true. The Mindanao we now see is a far-cry from the old Mindanao we know. All eyes are now on the region. Who wouldn’t when the first Filipina to have won the Miss Universe title after 43 long years, Miss Pia Wurtzbach, is from Mi nd ana o, sp e c i f i c a l ly Cagayan De Oro? And as if this is not enough, the current President, President Rodrigo Roa Duterte, who got an overwhelming mandate from the Filipinos is also a son of Mindanao, while the Senate and House leaderships are held by Mi nd ana o ans – S enate President Koko Pimentel and Speaker Bebot Alvarez,”
Barcelon said. Just recently, the first Filipina Olympic medalist, Hidilyn Diaz, showed the world that a simple Z amboangeña can be a world-class athlete, added Barcelon. He said it took time for Mindanao to finally get out of the clutches of the stigma, but when it did, it has emerged as a strong force. Barcelon cited the island-region’s economy grew by 7.4 percent in 2014, contributed 20.7 percent to the economy in the same year, and its agricultural produce has been robust, supplying most of the world with banana, pineapple, and tuna. “You have transformed
your region into an economy that is ripe for the picking. As it was before conflict entered the picture. Mindanao now plays a significant role in the countr y’s economic and social development st rateg ica l ly lo cate d in the East Asian economic corridor, Mindanao plays a key role in unlocking A S E A N ’s p o t e n t i a l a s the turning point of transforming our country from middle- to high-income through increased trade and investments with your nearest ASEAN neighbors – Brunei, Indonesia and Malaysia,” said Barcelon. Barcelon said that as a businessman and an exporter himself, he shared in the excitement of developing pcci/PAGE 11
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P8M BUB fund released for livelihood projects in Plaridel PLARIDEL, Misamis Occidental -- Department of Labor and Employment, Region 10 (DOLE-10) Misamis Occidental released P8 million B ottom-UpBudgeting (BUB) livelihood financial assistance to 10 associations from different barangays in Plaridel town, Misamis Occidental in July this year. DOLE 10 Misamis Occidental Head Leonardo G. Rodrigo said BUB promotes inclusive participation in community development by empowering civil society associations to be engaged in the budgeting process. The program will assist barangays, municipalities and cities in better formulating poverty-reduction action plans and monitoring the delivery of basic services in the communities. Municipal mayor, Engr.
Diego C. Ty welcomed and recognized the efforts of the DOLE-10, thru Regional Director R aymundo G. Agravante, for granting the amount to concede the livelihood projects of the different associations. Rodrigo stressed the importance of adhering to the project proposals submitted for the implementation of the respective projects. In a formal turnover, the financial assistance were distributed thru checks to the following livelihood associations: Deboloc Farmer Association/ Kababayen-an sa Brgy. Pato and 4P’s Association for the Swine Fattening Project (P1,200,000); CARPBA Federated for the Palay Trading Project (P500,000); Organic Farmers’ Association for the Agricultural Farm projects/PAGE 11
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Mikee Roxas and Elton Ladd Batinga perform Twenty Questions, a Dulaang Atenista presentation directed by Ray Anthony Lao last Thursday (September 1, 2016) at Xavier University Little Theater. PHOTO BY Mark Francisco
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Opinion
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A government capable of empathy
Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO
ALLAN mario MEDIANTE
Vice President for Corporate Affairs
Joe felicilda
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joe palabao
Vice President for Marketing
NELSON CONSTANTINO Editor-in-Chief
Cheng ordoñez
gilbert y. chao
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BONG FABE
Feature Editor
Associate Editor
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JUN AYENSA
mel-rose codilla
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Making every day a National Heroes Day I received recently this short note from my daughter, Trisha, who was in South Africa for a meeting of the Licensing Executives Society International (LESI) of which she is the international president. As her arrival coincided with our celebration of National Heroes Day, she could not help noticing the airport signages. “Cape Town International Airport is full of reminders of the heroism and sacrifice of Nelson Mandela,” she wrote. “Today, on our own National Heroes Day, let us think about how to keep our heroes alive in our hearts and minds. They need to inspire us everyday, and not just on holidays such as this.” She ended her note with this short inspiring quote from the revered South African President: “When a man has done what he considers to be his duty to his people and his country, he can rest in peace.” Our new Ambassador to the US M y b e l a t e d congratulations to Marciano Paynor, Jr. who was recently appointed by President Rody Duterte as ambassador to the United States. Amba Jun brings to the job a wealth of experience
which includes stints as C onsu l G enera l in t he United States, and former ambassador to Israel and Cyprus. He also served as Chief Protocol Officer for at least three presidents. I have seen Amba Jun up close. His professionalism, integrity, his knowledge of the terrain, his people skills, his thoroughness in the preparation and execution of plans, equip him very well for his new responsibilities. Attention Mayor Abby I don’t really know what’s wrong with the guys at the Realty Tax Division of Makati City or what they are up to. They keep sending me an assessment for a lot along Edsa which I sold sometime in 1980! That’s right. Anim na presidente na ang nakaraan! The first time I received the notice, I immediately wrote Ms. Lina Estrella O. Enriquez, Chief of the Realty Tax Division, about the fact of the sale and I suggested that they check with the Register of Deeds as to who is the current owner of the property. What followed next was what my late mother would have called “trabahong tamad”. Without bothering to check, they sent me a “second notice”, (to which I responded) and, later, a “third notice” (to which I likewise responded).
SPEAKING
O ut
Ignacio Bunye This week, I received a “final notice”, assessing me P3.7 million, representing alleged unpaid taxes plus penalties from 1997 up to the present. Whew! It is good my blood pre ssu re i s ve r y mu ch under control and I have a relatively long fuse. I counted from one to one thousand before I wrote my own “final reply” to Makati’s realty tax people. If they can prove I still own the property, I will - no questions asked - donate it to the City of Makati for the purpose of putting up a wellness center for the exclusive use of the Realty Tax Division staff. That center should be good not only for their own health but also for the taxpayers’. Note: You may email us at totingbunye2000@gmail. com. You may also “like” us on Facebook at “Speaking Out.”
Zika outbreak predicted to happen
Tear Down These Walls Think a minute…A famous man and woman who were ne i g hb ors we re a lw ay s arguing. They just could not get along with each other. One day the woman said to the man: “Sir, if you were my husband, I’d give you poison!” The man quickly answered: “Madam, if you were my wife, I’d take it!” You know, the greatest probl e ms i n t he worl d always have been and always will be problems between people. Just look at our own family and extended family. Is everyone getting along all the time? How about in your village or neighborhood, your school, or your workplace? Did you know that the beautiful ‘paradise’ islands of the Pacific have some of the highest suicide rates in the world? But why? Because there is no peace in paradise! Instead, there are walls of hurt and hate built up between people: between parents and children, between husbands and wives, between different races and cultures. All over the world there is trouble and probl e ms b e t we e n people! Many people are hurting, hoping someday to finally have real peace. But even if ever yone was given lots of money
Years ago, when I was still OIC mayor of Muntinlupa, I initially used to take for granted the efforts of an elderly councilor who was known for religiously going to funeral wakes. Day in and night out, he would spend time visiting with the bereaved families. I did not immediately realize how important it was. Attendance in a funeral wake is considered by the family as the highest form of respect to their dear departed. The higher the stature of the guest, the more honored the family felt. None other than President Rody Duterte fully understands and appreciates this Filipino tradition. That is why despite his very busy schedule, he makes it a point to visit the fallen (sometimes, even the wounded) policemen and soldiers. A presidential salute, a solemn bow, a light touch on the coffin, a silent prayer. To the bereaved, these gestures are worth more than all the medals that can ever be conferred on their beloved departed. These images are forever etched in their memories. The pain is immediately eas ed. The families no longer feel alone. No less than the President and Commander-in-Chief has got their back.
THINK
A Minute
Jhan Tiafau Hurst and a high-paying job, the best education, and a great government, we’d still have problems because of the walls between people—walls of pride and prejudice, walls of hurt, mistrust, jealousy, and unforgiveness. And it’s into this kind of world with this big problem that God the Son came to bring peace, and tear down these walls between people. But before we can have real peace and truly love without conditions our children, our wife or husband, our neighbors, as well as people of other races and cultures, we ourselves must first be loved that way by someone else and experience that kind of love. That’s exactly what Jesus Christ came to do: to love us . He c ame to a c c e pt hurst/PAGE 11
LIFE’S INSPIRATIONS: “…. However, if you no longer listen to the Lord your God, and no longer obey His commands… all of these curses will come upon you and over take y o u …” ( D e u t e r o n o m y 28:15, the Holy Bible). -ooo BAD NEWS FOR RP RE ZIKA VIRUS: BBC News on Friday, September 02, 2 0 1 6 , c a m e out w it h a report that jolted some 2 billion people from Africa and Asia, including the Philippines: these people could be at risk from t he dre aded Z ika vir us w hich is now a “g lobal public health emergency” as per the World Health Organization (WHO). Although BB C News says death arising from Zika is rare in that only one-in-five people i n f e c t e d i s t h o u g ht t o develop symptoms, it is nevertheless believed to be responsible for the recent s u r g e i n m i c ro c e p h a l y among babies developing in the womb. Microcephaly causes babies being born with underdeveloped brains. Underdeveloped brains can be deadly if the underdevelopment is so great that the brains c an no l onge r re g u l ate the functions vital to life. This means certain and immediate death for the
af fe c te d ch i l d re n . A n d BB C News reported further that children who sur vive the disease face intellectual disability and development delays. Some news sources even say that people become af f l i c te d w it h ma d ne ss and conf usion of mind because of the virus. -ooo ZIKA OUTBREAK PREDICTED TO HA P P E N : W h e t h e r w e believe it or not, this onslaught of the Zika virus in many parts of the world was actually predicted to h app e n t h ou s a n d s a n d thousands of years ago. The predictions claimed that deadly diseases will plague many people causing them to die. Fever and inflammation---the most evident symptoms of Zika, as per medical experts---would kill a great number of people. The number of deaths from these diseases would be so great that many dead bodies would no longer be buried. One particular prediction along this line says: “Your carcasses will be food for ever y bird of the sky and wild animal of the ear th, and there will be no one to chase them off.” Then, the predictions also warned about people being subjected to madness and confusion of
the mind, which madness and confusion would be so great that people will be unable to distinguish between light and day--that even at noontime, many will feel their way along like blind persons who are in total darkness. -ooo HOW TO FIGHT ZIKA: Why would these ailments and mental diseases be visited upon the world? The predictions attribute this to two things: failure o r r e f u s a l o f m a ny t o l i s t e n t o t h e Wo r d o f God, and failure or refusal of people to obey His commands. Truth to tell, the predictions not only of ailments and mental diseases but of other tragedies and calamities as well are premised on these two things. It is said: “If you no longer listen to the Lord your God, and no longer obey His commands, a l l of t hes e c urs es wi l l come upon you and o v e r t a k e y o u …” T h e c urs es refer re d to here are 53 in all, and almost all of them---including fever and inflammation caused by the Zika virus and other fever-inducing viruses, and madness--are already taking place or are occurring. What then can we do to f ig ht t he c urs es? The solution, to me, is
K akampi
Mo A ng Batas
Atty. Batas Mauricio simple. If the curses and the viruses that make them come true are heaped upon m a ny b e c au s e t h e y n o longer listen to the Word of God and no longer obey His commands, then we must learn how to listen to, and ob ey, Go d. The promise is that, if we listen to, and obey, God, we shall be blessed, guided, and protected all throughout our lives. -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. E m ai l : b at a s m au r i c i o @ yahoo.com.
Feature 5 Austria’s World-Renowned Trio 3:0 to perform Sept. 8 at Rodelsa Hall Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
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T
he renowned Trio 3:0 of Austria will have its first concert tour to Philippines this September at the invitation and with the support of the Austrian Embassy Manila. Besides c onc er t s i n M a n i l a a nd Cagayan de Oro, the group w i l l a lso conduct master classes in the same venues. The Trio came together as a group in the course of six years, coming together to play in events and then going their separate ways before deciding to come together as The Trio 3:0. T h e y f i r s t p e r for m e d together in 2006 at Salzburg, Austria to celebrate Wolfgang A madeu s Moz a r t ’s 250 t h birthday. Eva Steinschaden (violin), Detlef Mielke (piano) and A lex a nder Vav t a r (c el lo) found themselves performing toget her for t he world première of a chamber opera, Der Zauberspiegel [The Magic M i r ror] by t he Au s t r i a n composer Ludwig Nussbichler. Although they had never before played as a trio, the three musicians – all of whom had wide experience in all kinds of chamber music – knew each other (Salzburg is a village!), and embraced
the project with enthusiasm. The press repor ted: “A truly splendid conclusion to the 2006 Mozart anniversary. Certainly one of the most unpretentious and lasting contributions to the Mozart celebrations.” After this success, the three went their separate ways, and – musically speaking – lost sight of one another until 2008, when contemporar y music brought them together again at the first Salzburg per forma nce of Fried rich Cerha’s Piano Trio (2005), on the invitation of Aspekte Salzburg, a festival of New Music. Cerha demands nothing but the best from the musicians who perform his music, but the collaboration was once more exciting and rewarding, if quite strenuous, but again, a triumph! The composer, who was present, pronounced himself delighted with the successful performance of his work, and the press reported “a topquality performance which cou ld not but be received with enthusiasm”. Two years later, the three artists again found themselves performing together again for a recital of contemporary
music organized by Aspekte Sa lzburg. The programme included the world première of a new work by Gerhard Wimberger and a performance of a piano trio by Gerald Resch. The result was yet another fantastic performance, greeted with exuberant applause by composers and audience alike. In 2011 t here fol lowed a concert in Vienna, once again with a contemporary focus, but also including music by Franz Schubert; and in 2012 a concert in Wels, with exclusively contempora r y work s, ea r n i ng t he t h ree musicians unanimous praise in the press. It was not until the journey home from Wels that the three decided to form a piano trio and name it Drei zu null, or Trio 3: 0. This is how 3:0 came to be, through fate and fortune – not on the drawing-board, but out of sheer pleasure in making all kinds of music toget her and bringing first-rate interpretations to interested audiences. The Programme for their Cagayan de Oro performance includes the following: Wolfgang Amadeus Mozart Divertimento für Violine, trio/PAGE 11
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CorporateWorld Samsung stops Galaxy Note 7 sales after battery explosions Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
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Samsung has so far sold one million units of the Note 7 in countries i n clu d i ng S out h Kore a and the US. So far 24 of them have been confirmed to have faulty batteries, Koh said, a d d i ng h e w a s “d e e p ly sorry” over the incident. Since late last month, several users have posted photos and videos on
social media showing the charred Note 7 with part of its 5.7-inch touchscreen burnt and melted, saying it suddenly caught fire. Growing safety concerns over the Note 7 have forced Samsung to suspend its shipments at home and delay its planned release this month in several European countries including France.
Mitsubishi expects even better sales by year end MITSUBISHI Motors Philippines Corp. is optimistic about the growth of its car sales, citing the economy’s robust performance as one of the main drivers of increase in unit deliverables, albeit cautious on the possible effects of the La Niña season expected to hit late this year. Froilan G. Dytianquin, Mitsubishi’s f irst vicepresident for marketing, said that they still expect to sell more than 60,000 units by the end of 2016. Mitsubishi sold 35,542 units in the first seven months of the year, for the second largest share of the domestic market at 18%, according to joint data released by the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA). “We’re optimistic now. All of our models are selling well especially Montero,” Mr. Dytianquin told reporters at the sidelines of a briefing on the upcoming international motor show. When asked if he expects the company to grow faster than the industry, he said he expects Mitsubishi’s sale increase to be around 15 to 20%. According to the joint
data, the industry grew 26.5% from January to July this year. “Because normally the last quarter seasonal sales ’yan eh. They predicted it was La Niña season, so hopefully it will not affect the last quarter seasonal sales. Last 2009, we saw the impact of every monsoon rains, flooding it
took a toll on the industry sales.’ Mitsubishi, as well as Toyota Motors Philippines Corp., is a registered carmaker under the Comprehensive Automotive Resurgence Strategy (CARS) Program. T he C A R S pro g r am offers fiscal incentives of
P27 billion, to be divided among participants who agree to manufacture 200,000 vehicles each over six years, with a view to giving the Philippines a bigger share of the Association of Southeast Asi an Nat ions market, estimated at six million vehicles.
Huawei P9 introduces top notch mobile camera technology SMARTPHONE photography takes on a whole new level as Huawei introduces one of the most impressive camera phones to date - Huawei P9. Featuring Leica dual-lens cameras and Huawei’s ultraclear 5.2-inch screen, it gives ultra-sharp image capture and vivid display. Powered by Globe myLifestyle postpaid plans, customers can get it for free on Plan 1499. On Globe myLifestyle Plan 1499, the connected experience is made even better as it comes with 5 GB of data, plus unlimited calls and texts to Globe/TM. Customers can also enjoy FREE 1GB Spotify Premium or HOOQ for 3 months, choice of Navigation Pack, Explore Pack, or Fitness Pack for 1 month, 1 month
Gadget Care, 1GB Globe Cloud, and free shipping as well. Boasting of detailed engineering, the Huawei P9’s Leica lens has clever optical engineering with dual-lens cameras that feature two sensors: one for RGB, and one for monochrome. Combining these two technologies, the Huawei P9 lets you capture vibrant colors with unparalleled detail, as well as appealing black and white images. Its camera quality is as powerful as a DSLR yet portable and packed with dual 12MP rear cameras and an 8MP front camera that produces images in stunning high-resolution. It is also equipped with creative shooting modes that inspire
one to produce great photos with the use of IMAGEsmart 5.0 technology, Hybrid Focus, and Picture Quality algorithm. This allows users to shoot crisp, clear, and optimized photos in any condition. Various shooting modes are also available such as film, professional, time lapse, and wide aperture among others. Rounding up its powerful features is its premium and elegant design from diamondcut edges, rounded curves, and beautiful aluminum body—all coated in a stunning gold shade. Huawei P9 specs the latest Kirin 955 ultra-fast octa core processor, a massive 3GB RAM, long-lasting 3,000mAh battery, and a reliable triple antenna— all working like clockwork for a fast and seamless performance.
Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852 SLERS Ham & Café 8551438
Mallberry Suites 8541999 / 7249999 Fax: 8544999
Thai Me Up 738424/3108424 Fax: 738424
Maxandrea Hotel 8572244/729943 Fax: 724090
Barkadahan Grill 8551234
Miami Inn 8581901 to 02 Fax: 725279/728486
La Tegola Cucina Italiana 8585959
Paras Beach Resort 8568563 Fax: 8568563
new devices for those who have already bought the large-screen smartphone, its mobile chief said. “ We h a v e r e c e i v e d several reports of battery e x p l o s i on on t h e Not e 7 that was officially launched on August 19 ... and it has been confirmed that it was a battery cell problem,” Koh Dong-Jin told reporters.
Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986
Mapawa Natures Park 8584402 Fax: 725265
N Hotel (088) 8801924
A M SU NG s ai d on Friday it would suspend sales of its latest flagship smartphone Galaxy Note 7 as reports of expl o ding b atteri es threatened to damage the reputation of the South Korean electronics giant. Samsung – the world’s top maker of smartphones and ordinar y mobile phones – will also offer
limketkai luxe hotel 8800000 Dear manok 8564914 / 8573413
First graders from Bonbon Elementary School join the ongoing Barangay Bonbon Tambanipa Festival last Friday (September 2, 2016). PHOTO BY Mark Francisco
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monday|september 5, 2016
Banking&Finance
Tetangco chosen anew among world’s best central bankers BA N G KO S e n t r a l n g Pilipinas Governor Amando Tetangco Jr. has landed on an elite list of eight central bankers around the world who got a grade of “A” from the prestigious Global Finance magazine for their achievements in 2015. Tetangco and the heads of the Central Banks of Israel, Lebanon, Paraguay, Peru, Russia, Taiwan and the United Kingdom were named the World’s Best Central Bankers over the past year, as the magazine released its Global Finance’s Central Banker Report Cards 2016. They all got grades of “A.” The Central Bankers of Jordan, Mexico, Morocco and the United States earned “A-” grades. The C entral B anker Report Cards, published annually by Global Finance since 1994, grade the central bank governors of nearly 75 key countries (and the European Union) on an “A” to “F” scale for success
in areas such as inflation control, economic growth goals, currency stability and interest rate management. (A” represents an excellent performance down through “F” for outright failure.) Subjective criteria also app l y. G l o b a l F i n an c e publisher and editorial director Joseph Giarraputo noted that, Central bankers today are tackling unprecedented challenges from political upheavals and low commodity prices as well as employment rates that remain weak despite record low interest rates. Wise monetary policy can mitigate the negative impacts of political and economic change, but requires stiff resolve to navigate competing interests and visions. As these scores demonstrate, some central bankers are more constrained by circumstance than others, while some have shown remarkable agility in driving policy.” The full Central Banker
Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr.
Report Cards 2016 report will be published in the October issue of Global Finance. The Central Bankers earning an “A” rating in the Global Finance Central Banker Report Card feature publishing in the October issue are: • Israel Karnit Flug • Lebanon Riad Salamé • Paraguay Carlos Fernández Valdovinos • Peru Julio Velarde Flores • Philippines Amando
Tetangco Jr. • R u s s i a E l v i r a Nabiullina • Taiw an Fai - Nan Perng • United Kingdom Mark Carney The Central Bankers earning an “A-” rating are: • Jordan Ziad Fariz • Me x i c o Ag u st í n Carstens • Morocco Abdellatif Jouahri • Unites States Janet Yellen
Criminal rap filed vs couple in Ponzi scam THE Securities and Exchange Commission on Friday filed with the Department of Justice a criminal complaint against spouses Gary and Margarita Huang for publicly selling and offering for sale unregistered securities in the form of investment contracts and engaging in fraudulent transactions that drew in some P148 million from their victims. These acts are in violation of Sections 8.1 and 26.3 of the Securities Regulation C o d e ( SR C ) , s a i d t h e complaint filed by the SEC’s Enforcement and Investor Protection Depar tment (EIPD). The SEC alleged that the Huangs offered and sold securities to more than 19 persons for one year without first obtaining a license or permit from the SEC in
violation of Section 8.1 of the SRC. The spouses are also charged with violation of Section 26.3 for engaging in acts and transactions that would operate as fraud upon investors. The unauthorized sale of investment contracts and t he Ponzi s cheme engaged in by Gary and Margarita Huang in soliciting investments from the public constituted fraud upon investors, said the complaint. People who f iled complaints with the SEC a l l e ge d t hat G ar y and Margarita Huang enticed them to invest in a purported Comfoods Lending Program, promising a 4% interest per month and the return of the principal within six months. Inv e s t or s pre s e nt e d copies of the Memorandum of Agreement signed
by Marg ar it a Hu ang and a Contract of Loan/ Memorandum of Agreement signed by both Gary and Margarita Huang as well as postdated checks drawn against the joint account of the spouses as evidence of the investment-taking activities. Based on the complaints, the Huangs failed to pay them the promised interest and to return to them the money they invested which runs into hundreds of millions of pesos. The complaint showed that the Huangs received about P148,025,000 from 46 investors from March 2015 to March 2016. Each investment ranged from P100,000 to P3,500,000. The Huangs capitalized on their connection with Commonwealth Foods Inc. (Comfoods) to impress on
investors the bankability of the investment scheme they were offering, the SEC said. Gary Huang is a stockholder of Commonwealth Foods Inc. and is a relative of the President and Chief Executive Officer of Commonwealth Foods Inc., while Margarita Huang at some time worked with Comfoods Inc. In a statement to EIPD, the CEO of Commonwealth Fo o ds Inc . d e n i e d t he reported involvement of Commonwealth Foods Inc. in the investment scheme of Gary and Margarita Huang. The EIPD did not find any competent evidence showing that Commonwealth Foods Inc. was involved in the so-called Comfoods Lending Program of Gary and Margarita Huang. Ag g r i e ve d i nve stors scam/PAGE 9
BPI signs $400-million multi-year loan facility AYALA-LED Bank of the Philippine Islands (BPI) has secured a $400-million multi-year syndicated term loan facility to finance its expanding loans and investments. “Bank of the Philippine Islands (BPI), an acknowledged leader in Phi lippine b an k ing , successfully closed and sig ne d a $400-mi l lion, three-year syndicated term loan facility attracting a diverse group of Asian, European, and American lenders,” the listed lender said in a disclosure to the Philippine Stock Exchange yesterday. BPI said the facility is the first of its kind for BPI in the dollar-denominated
syndicated loan market. The Ayala-led bank noted that the facility generated “strong interest and was heavily oversubscribed,” prompting BPI to upsize the amount to $400 million from the initial $250 million. “BPI intends to utilize the facility to fund strong growth in loans and investments,” the bank said. The bank said the original mandated lead arrangers and bookrunners for the facility were Australia New Zealand Banking Group Limited, the Hongkong and Shang hai B an k i ng C orporation Limited, Mizuho Bank, Ltd., and Standard Chartered Bank. Mandated lead arrangers and bookrunners for
the loan, meanwhile, were Commerzbank Aktiengesellschaft, Hong Kong Branch; Sumitomo Mitsui Banking Corporation, Singapore Branch; United O verseas Bank Limited Acting through its Offshore Banking Unit of Taipei Branch; Bank of America Merrill Lynch; Hua Nan Commercial Bank, Ltd., Offshore Banking Branch and Mega International Commercial Bank Co., Ltd., Offshore Banking Branch. Philippine banks have been embarking on various fund-raising activities to e x p and t he ir ne t works and beef up their capital buffers to comply with more stringent regulatory requirements.
BPI saw its net income rise to P18.04 billion in 2015 from the P18.038 billion seen in 2014 which was mainly boosted by gains in its deposits and lending business. In the first six months of 2016, its net profit was already up by 35.6% to P12.6 billion from last year’s comparable period’s income of P9.3 billion as all areas of its operations grew. BPI earlier said it expects the continued expansion of its core businesses to drive its growth for 2016 as it “reduced trading gains” and “push a much more balanced portfolio.” Its total assets as of endJune reached P1.58 trillion, up 11.2%.
7 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY
A PUBLIC SERVICE BY:
AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274
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BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075
METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721
BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637
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BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796
METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731
BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405
METRO BANK- GAISANO 8561720
BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN
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PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.
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8
News
monday|september 5, 2016
Police sustains momentum, P3.5M illegal drugs seized
Youth, loyalist, former staff rally in support of FEM burial at LNMB
"Hindi lang ito pagbibigaysuporta sa Marcos. Kami po, ang adbokasiya namin: p ag mama ha l s a b ayan, nation-building, tiyaka living for the greater good, para sa kabutihan ng ating bansa," said Harold Toledana, founder of the Bong Bong Marcos (BBM) Youth Movement, a social media-based group boasting about 5,000 young supporters of the Marcos family. He and other members of the BBM Youth Movement were among the over 4,000 participants of the Unity Walk and Rally in front of the Supreme Court today, August 31, 2016, in support of the burial of Former President Ferdinand E. Marcos (FEM) at the Libingan ng mga Bayani (LNMB).
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"Ang sabi nila sa atin, ang kabataan equals Anti-Marcos. Hindi po. Nagkakamali po sila," and he said this was proven as many new faces of youth joined their ranks during the rally. He r e l at e d h o w h e heard stories of life under FEM's presidency from his grandparents growing up but never really engaged in political movements until a few years ago. "Ngayon, namumulat ako. Twenty-three years old na ako… Nakita ko, ang ganda ng tunay na Marcos. Sila talaga ang nagmahal sa bayan," said Toledana, who is from Viga, Catanduanes. He related how his grandparents, originally from Bicol, would tell him about how peaceful rally/PAGE 9
CAMP ALAGAR, Cagayan de Oro City – Northern Mindanao police seized a total of 2.5 kilograms of methamphetamine hydro ch lor ide and 2.4 kilograms of C annabis or Marijuana with a total estimated value of P13.5M in its two months operation since the implementation of the anti-illegal drugs campaign Project “Tokhang” of the Philippine National Police
(PNP) last July 1. This includes the recent one kilo drug bust in Iligan City last Thursday afternoon. Me anw hile, 28,652 households were visited, 74,254 self-confessed drug users and pushers have voluntarily surrendered, 766 drug pushers were arrested, 744 drug cases were filed in court and 18 deaths were recorded resulting from police anti-illegal drugs operations.
“We will continue our anti-illegal drug operations until we have achieved our target of clearing all drugaffected barangays in the region, arrested top drug personalities and dismantled drug syndicates who operate in our area of responsibilities,” Police Regional Office (PRO) 10 PSCupt Noel Constantino, Police Regional Office (PRO) 10, said. drugs/PAGE 9
DTI, DAR conduct skills training on squash noodles prep K A PATA G A N , L a n a o del Norte —A total of 20 participants attended a training on squash noodles production, at the Barangay Butadon gymnasium, Kapatagan town, Lanao del Norte. The activity was spearheaded by the Department of Trade and Industry (DTI) Lanao del Norte, in cooperation with Department of Agrarian Reform (DAR) Region 10 training/PAGE 9
DENR’s Chief of its Environmental Management Bureau (EMB) Dir. Gilbert C. Gonzales cites the gains of the on-going 1,200 hectares reforestation project in Mapawa, Cugman, Cagayan de Oro City as good model for greater private sector participation in environmental conservation initiatives. The project, which is a joint undertaking between EMB, EPRI and power producer STEAG State Power Inc. (SPI), is considered as one of the largest and highly successful carbon sequestration projects in the country. Implemented since 2004, the Mapawa Carbon Sink Project is an affirmation of Steag’s continuing commitment to support social development and environmental conservation efforts. (SPI)
Pilipinas Shell successfully holds Shell Bike Fair 2016 in Cagayan de Oro
The Philippines is home to a strong 4-million motorcycle community that still continues to grow everyday. The recent rise in number of motorcycle riders for the past couple of years has cemented the popularity of the twowheeled vehicle, making it an indispensable mode of transportation for Filipinos all over the country. Coming from a successful celebration of all things motorcycle last year, Pilipinas Shell takes things to the next level by hosting a bigger and
grander Shell Bike Fair 2016. To show Shell’s appreciation for the motorcycle community, this year’s Shell Bike Fair is a series of three grand events in Luzon, Visayas, and Mindanao. The second leg of the three-part celebration was made possible by Shell Advance, Shell V-Power Nitro+, and Shell Select. Shell Bike Fair 2016 Last September 3, the second leg of the Shell Bike Fair 2016 was held at the Limketkai Atrium in Cagayan de Oro through a day filled with games and
entertainment for the company’s valued customers. Upon entering the world-class location, the attendees were treated to fun demos and games at the different booths set up throughout the venue. Exciting performances by Callalily and Gracenote plus other surprise celebrity appearances brought the house down, with the crowd partying along to their favorite hits. The event ended on a high note as several motorcycle clubs received special prizes and three lucky guests
brought home their brand new motorcycles. Partners on the road Shell aims to demonstrate that it is a trusted partner of motorists in their every ride. Using Shell Advance can help provide easier engine starts, as well as longterm cleanliness and overall maximum protection, for a smoother ride on the road. Shell’s worldclass lubricants go hand in hand with the use of Shell V-Power Nitro+, Shell’s premium performance fuels, which are designed
to fight gunk and corrosion. And lastly, Shell aims to make every visit to a gas station worthwhile through the wide array of snacks, refreshments and hot meals that Shell Select offers for riders on the go. “For over 100 years, Pilipinas Shell's products and services have evolved to meet the current needs of Filipino motorists. We want our customers to know that Shell is every Filipino motorist's partner on the road. Aside from quality lubricants and fuels,
offerings such as the Shell Select convenience store, Shell Helix Oil Change+, and other integrated services, Shell has evolved into more than just a gas station – it is a pit stop that fuels both you and your motorcycles,” said Anthony Lawrence Yam, Pilipinas Shell Vice President for Retail. Don’t miss out on the final leg of the Shell Bike Fair 2016 as it culminates in the World Trade Center, in Metro Manila on September 24. For more information, visit www. shell.com.ph.
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monday|september 5, 2016
Scam... from page 7
claimed that Gary Huang himself admitted that there was no such thing as a Comfoods Lending Program and it was only when he was confronted by investors about it that he learned about such a lending program. According to an SEC press release, Gary Huang likewise admitted that his wife may have been involved in a Ponzi scheme. He however declared before the EIPD that he was not involved in the investment taking activities of his wife and that to maintain the peace between them, he did not bother to ask her about her transactions. Witnesses, however, have come forward stating that Gary Huang knew about the activities of his wife, said the SEC. These witnesses noted the postdated checks issued by Margarita Huang in payment of the promised i nte re st and re tu r n of principal were drawn against the joint account of Gary and Margarita Huang at the BPI
bank branch located at the Comfoods building. Violation of the SRC carries a maximum fine of P5 million and a maximum penalty of 21 years imprisonment. Meanwhile, the SEC warned the public against these investment schemes and advised anyone being offered such schemes to immediately report it to the SEC and to refrain from investing their money without first checking with the SEC as to the legitimacy of the investment scheme.
Rally... from page 8
and progressive life under the Marcos presidency had been. Cecil Salvador, a former radio announcer and now representing the Bong Bong Marcos Angels, echoed this: "During Marcos' time, mas tahimik po ang bayan. Kaunti lang po ang mga krimen. Kahit lumabas ka nang madaling araw, wala pong problema." She also expressed her thanks to President Rodrigo R. Duterte for his support for
Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region BRANCH 42 Medina, Misamis Oriental -o0oHDMF (Pag-IBIG Fund) as rep. EJF FILE NO. 358-M(2016) by its Branch Manager, Mortgagee, FOR: EXTRAJUDICIAL FORECLOSURE OF REAL ESTATE MORTGAGE -versus- UNDER ACT 3135. AS AMENDED BY ACT 4118 ELYNN V. MOLINA Mortgagor. x---------------------------------------/ SHERIFF’S NOTICE OF EXTRAJUDICIAL SALE Upon extrajudicial petition for sale under Act 3135. As amended by Act 4118 filed by the HDMF (Pag-IBIG Fund) as rep. by its Branch Manager, against ELYNN V. MOLINA, mortgagor, with residence and postal address at Maanas, Medina, Misamis Oriental, to satisfy the indebtedness of the mortgagor to the former in the amount of NINE HUNDRED SEVENTY EIGHT THOUSAND EIGHT HUNDRED FIFTY ONE PESOS & 73/100 (P978,851.73), Philippine Currency, including interest due, penalties and other charges as of April 25, 2016 plus all other expenses incurred in connection with this petition and sale, the undersigned RTC-Branch 42 Sheriff’s sell at Public Auction on September 29, 2016 at 10:00 o’clock in the morning or soon thereafter at the Hall of Justice, RTC-Branch 42, Medina, Misamis Oriental to the highest bidder for cash and in the Philippine Currency, the following property with all improvements thereof, to wit: TRANSFER CERTIFICATE OF TITLE NO. 136-2014001727 A PARCEL OF LAND (LOT 19, BLOCK 7, PCS-10-001586, BEING A PORTION OF LOTS 16-G-3-A AND LOT 16-G-3-B PSD-10-019173), SITUATED IN THE POBLACION, MUNICIPALITY OF MEDINA, PROVINCE OF MISAMIS ORIENTAL, ISLAND OF MINDANAO, BOUNDED ON THE NW, ALONG LINE 1-2 BY LOT 16-G-4, PSD-10-005419; ON THE NE., ALONG LINE 2-3 BY LOT 18; ON THE SE., ALONG LINE 3-4 BY RAOD LOT 7; ON THE SW., ALONG LINE 4-1 BY LOT 20, ALL OF THE SAME BLOCK OF THE CONS. SUBD., PLAN PCS-10001586, BEGINNING AT A POINT MARKED “1” ON PLAN BEING N., 59 DEG. 00’ W., 773.59 M. FROM BLBM. NO. 1, CAD-347, MEDINA CADASTRE THENCE; 1-2 N., 77 DEG. 04’ E., 7.60 M. TO POINT 4; 4-1 N., 12 DEG. 56’ E., 9.60 M. TO POINT 3; 3-4 S., 77 DEG. 04’W., 7.60 M. TO POINT 4; 4-1 N., 12 DEG. 56’ W., 9.60 M. TO POINT OF; BEGINNING, CONTAINING AN AREA OF SEVENTY THREE (73 SQUARE METERS MORE OR LESS. ALL POINTS REFERRED TO ARE INDICATED ON THE PLAN AND MARKED ON THE GROUND BY PS CYL CONC. MONS 15 X 40 CM. BEARINGS TRUE, DATE OF ORIGINAL SURVEY NOV. 6 – DEC. 15, 1931 AND THAT OF THE SUBDIVISION MARCH 2, TO APRIL 11, 1995 EXECUTED BY CALVIN C. FERNANDEZ., GEODETIC ENGINEER AND APPROVED ON JULY 13, 1995. In the event of failure of bidding of auction sale cannot take place for whatever reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective bidders/buyers may investigate for themselves the title and tax declaration herein above described and encumbrances thereon, if any there be.
Medina, Misamis Oriental, July 19, 2016.
BWM: Aug. 29, Sept. 5 & 12, 2016
(Sgd.) ALFRAN R. MABELIN RTC- Branch 42 Sheriff IV
the LNMB burial, "Bilang isang lawyer, alam po ni President Duterte na tama ang kanyang desisyon, dahil si Marcos po ay isang dating sundalo at siya po ay naging presidente." Also among the rallyists was Rodrigo T. Ventura of Brgy. Cabacungan, Laoag City, Ilocos Norte, who had been a part of Presidential Security during the Marcos presidency and assigned to his daughter, Imee R. Marcos, from 1979-1986. "We are the original loyalists, and it will never change," he said of himself and his fellow former staff at the Malacañang Palace during the FEM administration. Describing the Former President, he said that Marcos was "very strict to us in the military, especially in doing our duty." Toledano, Salvador, and Ventura were among the crowd composed of several other loyalists groups like the Marcos Loyalists Philippines (UMLP), Ang Kaibigan ng MAsa (AKMA), and Friends of Imelda R. Marcos (FIRM) that gathered in front of the Supreme Court, calling for the burial of the Former President at LNMB. Most rallyists wore white t-shirts bearing the statement, "Para sa kapayapaan, ilibing na," b elie ving that the
LNMB burial for the Former President would be unifying for the Filipino people.
Drugs... from page 8
For his part, PSSupt Danilo L. Maligalig, PRO 10 deputy regional director for administration, said during the “Talakayan ng mga VIP” media forum that Project Double Barrel is the PNPs anti-illegal drugs campaign plan which intends to clear all drug-affected barangays across the country, conduct no let up operations against illegal drugs personalities and dismantle drug syndicates. The campaign is conducted using the twopronged approach—Project Tokhang and Project high value target (HVT). The term ‘TokHang’ was coined from Bisayan dialect ‘toktok’ (knock) and ‘hangyo’ (plead), to convince alleged pushers, users, and couriers, among others, who have links in the illegal drug trade, in order to mend their ways before the full force of the law take them in. The Talakayan ng mga V I P, an an nu a l for u m is part of the Philippine Civil Service Anniversary celebration which aims to inform the public of relevant issues particularly on good governance. This year’s
celebration bears the theme “Sigaw ng Lingkod Bayani: Malasakit Para sa Taumbayan, Kapwa, at Kalikasan.” Fr this year, “Talakayan” is anchored on law enforcement as an essential component of good governance. Hence, Civil Ser vice Commission (CSC) Regional Office 10 Director Adams D. Torres said it is vital for the public to be cognizant on the mandates of law enforcement agencies of the government, its goals, programs and its challenges in the pursuit of their respective commitments to the public. Further, the discussion was aligned on sustaining peace and order through community involvement. (PIO, PRO10/EOR/PIA10)
Training... from page 8
under the Comprehensive Agrarian Reform Program (DAR-CARP). Its goal is to provide members of the Butadon Far m e r s Mu lt - P u r p o s e C o op erat ive addit ional skills, and opportunity for employment, and to encourage them to engage into processed products as their additional livelihood project. Mary Grace Papasin, who has been training women associations in Iligan City,
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started the demonstration by telling the group that proper hygiene and the right clothing gear (apron, hairnet, mask, hand gloves, among others) is the first step in making quality food products. Par ticipants did the actual demonstration on squash noodle preparation and took turns in using the ‘pansit’ maker. Engrossed with the new skills learned, participants invited nonmembers to join their group. While Elma Sancha, barangay kagawad of Butadon, expressed her gratitude to DTI and DAR, that this training uplifts the spirits of the constituents in their barangay and the members of the cooperative, with their skills acquired now, it could augment their income. At the end of the training, the coop chairperson gave his closing remarks, thanking DTI and DAR LDN for taking the time and providing them the skills. Participants composed of three males and 17 females. The rest of the materials and ingredients used in the training were turned over to the cooperative and can be used as their initial capital and to start selling their product within their barangay. (Ara Arian A. Amar/DTI-DAR/ PIA-10 LDN)
BusinessWeek MINDANAO www.businessweekmindanao.com
The Gold Winning effort for Creative Cake Decorating.
The Night Stalker:
Lifestyle
Monday | September 5, 2016
MKA’s Chef Wars Team also qualifies for the National Food Showdown.
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MKA’s Gold Winning Team for Best Filipino Umami Dish qualifies for the National Food Showdown.
MKA Kumbira Student Overall Champ for 2nd straight year Tops 5 of 9 contests entered
M
onster Kitchen Academy continues to dominate Kumbira for the fifth straight year.
After winning the overall championship in the Professional category of the competitions for three straight years (20122013-2014), MKA is one year removed from an encore in the student category with its repeat championship in this 20th milestone year of Kumbira, the biggest culinary event and competition outside Metro Manila organized by the Cagayan de Oro Hotel and Restaurant Association (COHAR A). “There’s no magic formula,” admits Maggie J. Uy, the other half of the dynamic duo who jointly run MKA and other affiliate food related enterprises. “It’s simply commitment, determination, hard work and lots of prayers.” “Our hard working team is always up to the challenge for every competition,” Maggie’s hubby Jan says. “From the back room support staff to our competent chef instructors who always make sure that our students are pushed to their limits to perform their very best. More than winning every competition, it’s always the experience, fun, and fellowship that matters in the end.” MKA was top winners in the Chef Wars, My Own Umami Creation and Best Filipino
Umami Dish and will represent the region in these categories in the National Food Showdown and UCC National Cooking Showdown. In the Chef Wars, the Monster Kitchen team of Hasanah Sani Macapaar, Iv y Ann P. Duldulao and Jade Charmaine P. Manago won Silver, the highest award and qualified for the National Food Showdown to be held October 19-21, 2016 in Baguio City. The team’s winning entry consisted of Appetizers (Quenelle Poach Crab Mousse, Seafood Ragout in Pate a Choux, Calamansi Basil Vinaigrette, Crab Quiche Lorraine with Crab Fat Hollandaise in quiche cups) and Entrées (Pan Seared Crab and Grouper wrapped in Cucumber Paupiette, Crab Bisque Sauce, Ratatouille, Crab Potato Croquettes with Crab Fat Alai filling). MKA’s team of Kissy Mae S. Alcorin, Alme Paulo A. Tineza and Briellnik ko M. Macasero also qualified for the National Finals of the UCC National Cooking Showdown in January 2017 with a Gold medal in My Own Umami Creation with their Creamy Monggo soup with Shrimp Molo. Not to be outdone, the MKA Team of Marcel V. Diez, Jeff
MKA is Overall Student Champion for Kumbira 20.
Perroh T. Subrabas & Jihan Meryl M. del Puerto also qualified for the same competition with their gold medal performance in Best Filipino Umami Dish with their Tinuktok and Kalabasa with Dulaw Puree. MKA was also tops in Creative Cake Decorating and in the Sugba de Oro categories. Zandra T. Deniega and Precious Faye B. Manit snared the gold in Creative Cake Decorating with their 20th Kumbira themed cake while Kyle Drazey U. Eblacas and John Marco J. Hidalgo bagged the highest award (Bronze) in Sugba de Oro with their Grilled Mushroom-Stuffed Pork Loin, Bell Pepper
Rouille, Grilled Squid stuffed with Paella, Bringhe (Pampanga Paella), Garlic Aoli, Grilled Iberian-Style Chicken, and Pineapple Salsa. MKA bagged three more bronze medals in Artistic Bread Showpiece (Umahan) with Shamir B. Montemayor and Chermay Chantal G. Mutia; Pica-Pica Platter (Bistek Tagalog skewers with Pinakbet Puree, Vegetable stuffed Maya-Maya Roll in Escabeche (pick led) sauce drizzled with infused oil; Shrimp, Cheese & Vegetables Stuffed Lumpia with Citrus Vinegar Dip (Arnold Joshua G. Longakit & Honeylee R. Dolera) and Entremetier (Honeylee R. Dolera). Not the least, the
team of Chermay Chantal G. Mutia and Hector Cloyd O. Galdo was awarded a Diploma for Floral Centerpiece for Buffet with their “A Day in the Garden”. It’s all been uphill for the MKA Student Team since they first joined Kumbira. In only their second year of competing in the student category, the MKA team romped off with the Overall Championship with gold medals for Creative Cake Decorating, Bronze in Pica-Pica Platter, Entremetier, Artistic Bread Showpiece, and Sugba de Oro Platter with Condiments during the 19th Kumbira. To commemorate its 2nd straight Students Overall Championship in Kumbira, MKA’s
Fundamentals in Culinary Arts Batch 17 has decided to theme its Immersion slated on September 6, 2016 at Lantaw Cagayan de Oro Native Restaurant as “Senses: A Taste of Kumbira” where the MKA team’s award winning dishes will be featured along with live music from Ian Nuer, Jenz Peak, Oreo Vamenta and Vivi. For more details, contact 0917-7071245/ 8512019 or visit Monster Kitchen Academy at its main kitchen at the 2nd f loor, Jardiniano Building, San AgustinRizal Street (Facing Gaston Park) or at its satellite kitchen at Mortola St. (facing Ororama Cogon). Follow us on Facebook: w w w.facebook.com/ monsterkitchenacademy.
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monday|september 5, 2016
Tuna... from page 1
“ This is a another opportunity that our tuna industr y, especially the exporters, can build on, as we continue to seek better access for our products in the international markets,” he said at the opening of the 18th National Tuna Congress here on Wednesday afternoon. The Philippines and EFTA states Iceland, Liechtenstein, Norway and Switzerland signed a free trade agreement in April to boost their cooperation and exchanges. The broad-based deal c ove rs t r a d e i n go o d s and services, investment, competition, the protection of intellectual property rights, government procurement, and trade and sustainable development. EFTA agreed to “abolish a l l c u s t om s dut i e s on industrial products while the Philippines will gradually lower or abolish its duties on the vast majority of such products.” Lopez said the agreement will come into force once ratified by the four EFTA member-countries. “This is an exciting news for the tuna industry because the EFTA has more liberal rules of origin or regime on tuna products,” he said. He urged tuna industry players to take advantage of the new trade deal and the inclusion of the country in the EU’s GSP+ in December 2014. In 2015, he said the EU became the country’s third largest export partner after coming in fourth in the previous year. Lopez said the country’s exports to the EU grew by 27 percent in the first half of 2015 due to the inclusion of a range of products into the GSP+. In terms of tuna, he said the Philippines is now the number one supplier of “tuna prepared as sardines.” It is also the top exporter of products to Europe under the category of “fish prepared or preserved but not minced.” To ensure that the gains of the GSP+ are sustained, Lopez cited the need for tuna producers and exporters maintain their adherence to the product quality standards set by the EU as well as ensure that the rights of their workers are respected. The countr y and the fishing sector must also maintain its vigilant stance against illegal, unreported and unregulated fishing, he said. He commended the efforts of local tuna companies in keeping up with the requirements set under the GSP+. Lopez cited tuna canners A l l i a n c e S e l e c t Fo o d s Int e r n at i o n a l , C e l e b e s C a n n i n g C o r p o r at i o n , General Tuna Corporation, Ocean Canning Corporation, Philbest Canning C o r p o r at i o n , S e at r a d e Canning Corporation, Citra Mina Group of Companies an d t h e R D Group of Companies.
“Your efforts to meet the requirements of the EU market have resulted to the increased competitiveness of our exports in fisheries and generated more job opportunities forour people,” he said. General Santos City, dubbed the country’s “tuna capital,” has hosted the National Tuna Congress since it was first held in 1999. The city hosts six of the country’s seven tuna canneries and other related ventures that generate an average of nearly US$ 300 million in annual export receipts.
Foundation... from page 1
The construction of the health centers is the core of BMFI’s C ommunityBased Disaster and Health Preparedness to Strengthen the Resilience of 18 DisasterProne Barangays in Cagayan de Oro City project. Aside from Johanniter International Assistance, funding support was also extended by the German Humanitarian Assistance. The project was implemented in partnership with the City Government of Cagayan de Oro, Department of Health through the City Health Office, and City Disaster Risk Reduction Management Council. “We in Johanniter are very happy to be of assistance to you,” said Banza, a native of Wao, Lanao del Sur, referring to the host barangays of Mambuaya, Lumbia and Patag. She narrated that when BMFI proposed the project, Johanniter did not think twice of supporting it knowing that health is one of the pillars of resiliency-building. “A community’s resilience — the capacity to survive and bounce back — is very important. But how can one survive or bounce back if his/her health is not very good?” she asked, as she quoted the saying “an ounce of prevention is better than a pound of cure.” Banza disclosed that humanitarian organizations are presently overhauling its thrust — from disaster response to preparedness and building resilience. “Humanitarian organizations have now realized that always doing re sp ons e work is ve r y expensive. That is why we are now into preparing communities against disaster and building their resiliency,”
she said. A resilient and prepared community can save much resources during and after emergencies which is why “let’s not wait for an emergency; let’s be prepared now!” she added. The constr uc tion of the health centers is just part of Balay Mindanaw’s continuing journey with its partner barangays towards peace, equity, development and resiliency. “We in Balay Mindanaw are very thankful to you for allowing us to journey with you towards the realization of making our city, Mindanao, the Philippines and the world attain peace, equity, development and resiliency,” stressed BMFI Executive Director Rochelle “Bibing” Mordeno. Mordeno also thanked Johanniter International Assistance and the German Humanitarian assistance for their generous support; as well as the local government unit of Cagayan de Oro, City Health Office, the barangays and City Disaster Risk Reduction Management Council for allowing Balay Mindanaw to partner with them in making a disasterpre p are d and re s i l i e nt Cagayan de Oro City. “This project is ver y memorable for Balay Mind anaw as t his w as implemented during our 20th anniversary,” said BMFI Team CDO leader Sabrina “Sabcee” Garcia Balais. The project was i mpl e m e nt e d by B a l ay Mindanaw under its Disaster Risk Reduction, ResiliencyBuilding and Emergency Assistance Mission (DR3AM) program. “During disasters and even in our daily lives, total wellness is very important. And these health centers are the symbol of our continuing partnerships. We hope that you will all take care of these symbols as we continue in our journey together,” said DR3AM Coordinator Eileen “ii” Ipulan Bautista.
Condemns... from page 1
City. This act of cowardice, which targeted the lives of innocent civilians and sought to foster fear in people, has no place in any society,” the MBC said in a statement. On Friday evening, an explosion in a night market in Davao City -- President Rodrigo Duterte’s hometown -- has killed 14 people and wounded 71 others.
Republic of the Philippines Province of Misamis Oriental Municipality of Initao -oOoCCE -0032-2016 R.A 10172
Date: August 31, 2016
In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A. 10172), Notice is hereby served to the public that CRIS P. CARTILLA has filed with this Office a petition for change of first name from “ “ to “ “ and correction of entry in sex from “MALE” to “FEMALE” or correction of entry in the date of birth from “ “ to “ “ in the certificate of live birth of CRIS P. CARTILLA at Initao, Misamis Oriental and whose parents are GAUDIOSO C. CARTILLA and LUZMINDA P. PAGULONG. Any person adversely affected by said petition may file his written opposition with this Office not later than September 23, 2016. BWM: September 5, 12 & 19, 2016
(Sgd.) ISAIAS A. JARALES Municipal Civil Registrar
The Abu Sayyaf Group has owned up responsibility for the blast. “We also express our heartfelt condolences to the families and loved ones of the victims of this senseless act. We are one with them in their time of grief and we pray for the speedy recovery of all those still healing from their injuries,” the MBC added. The business group urged Filipinos to remain calm but vigilant while calling on the government to bring the perpetrators to justice. “Let our firm but sober response to these threats show that we are not afraid and we will fight for a peaceful, free, and safe country,” the MBC said. (PNA)
PCCI... from page 2
Mindanao. “D u r i n g t h e Su l on g Pilipinas, which the then incoming government asked the PCCI to co-organize, a number of my fellow business delegates and even our international development partners expressed their interest to do business in Mindanao. This is an acute acknowledgement of the potentials of the region, and recognition that the time of Mindanao has come,” Barcelon stressed. (SDR/ PIA-Surigao del Norte)
Project; Mamonga Gamay, Cartagena Proper Farmers’ Assoc. for their Organic Rice Production Project; MADARC MPC for the Rice Duck Culture and Duck Egg Production; and Quineccka for the Cacao Production Project. Also joining with the association presidents and members were mayor Ty, Municipal Administrator Nestor Gonzales and PESO Manager Gemma Cabiles. On behalf of the beneficiaries, Gonzales thanked the director Agravante, “The project will benefit many low-income residents in the rural barangays and will surely improve their standard of living.” The municipality ensured maximum participation in implementation and monitoring of the projects. (Lei Garrett I. Miraflor/DOLE 10 MisOcc)
Trio... from page 5
Violoncello und Klavier B-Dur, KV 254 Friedrich Cerha Tr i o f ü r V i o l i n e , Violoncello und Klavier (2005) Astor Piazzolla Obliv ion für Violine violoncello und Klavier Milonga en Re für Violine, Violoncello und Klavier Antonin Dvorak Dumky“-Klaviertrio für Violine Violoncello und Klavier e-moll, op 90 The Trio 3:0 Concert has
been scheduled on September 8, 2016, 8PM at Rodelsa Hall, Liceo de Cagayan University with general admission pegged at P350. For seat reservations, contact 0915-699-8769, (088) 858-4093 local 109. This event is for the benefit of Rodolfo N. Pelaez Foundation,Inc.
Hurst... from page 4
and forgive us for all our wrongs, so we could finally be reunited in true peace with our Maker. You see, it’s only then that we can also live in peace with the other people in our life. So today, won’t you ask Jesus to forgive you for all your wrongs and to take charge of your heart everyday? Then He can start changing your life and relationships so you’ll finally have real peace with the people in your life. Just Think a Minute… EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE DECEASED EDNA EBRALE PEREZ
This Extra-judicial Settlement of Estate with Waiver of Rights is made and entered into by and between: GERARDA A. ALABA, of legal age, widow, Filipino citizen and a resident of No. 187, Zone 2, Bayabas, Cagayan de Oro City, hereinafter referred to as the HEIR-WAIVOR; and WYNELOVE A. ALABA, of legal age, single, Filipino citizen and a resident of No. 187, Zone 2, Bayabas, Cagayan de Oro City, hereinafter referred to as the HEIR-WAIVEE. WITNESSETH: WHEREAS, the above named HEIRS are the surviving spouse and legitimate child, respectively, of the late, CARLITO M. ALABA, who died intestate on August 04, 2009 at Zone 2, Bayabas, Cagayan de Oro City, WHEREAS, the decedent at the time of his death, left a parcel of land which is more particularly Lot 5873I-2, Psd-10-005880, situated in the Barrio of Bayabas, City of Cagayan de Oro, Island of Mindanao. Containing an area of THREE HUNDRED SIXTEEN (316) SQUARE METERS, more or less. Under Notary Public ATTY. MARISSE GAY G. LICO-ABALDE. Per Doc No. 454; Page No. 91; Book No. 30; Series of 2016.
KNOWN ALL MEN BY THESE PRESENTS: this AGREEMENT OF PARTITION, entered into by and among the heirs of Sosimo V. Sabo and Monica Abalde, Sosiso V. Sabo was the sole heir of Tomas Sabo and Basilia Villarus, the title holder of a parcel of land located at Pagatpat, Cagayan de Oro City covered by Original Certificate of Title (OCT) No. P-23, who died intestate in Cagayan de Oro City, without any debts or obligation of whatever nature, Sosimo V. Saba and Monica Abalde left Eight (8) daughter heirs as their sole heirs, namely: ADELFA S. YAÑEZ, of legal age, married and a resident of Pagatpat, Cagayan de Oro City. PAULITA S. CAAGBAY, of legal age, widow and a resident of Zone 8, Carmen, Cagayan de Oro City. MYRNA S. YANEZ, of legal age, married and a resident of San Simon/ Pagatpat, Cagayan de Oro City. EMMA S. MALACAT, of legal age, married and a resident of Pagatpat, Cagayan de Oro City. ANGELITA SALVANA, of legal age, widow and a resident Nazareth, Cagayan de Oro City. MARIA LOURDES A. SABO, of legal age, single and a resident of Carmen, Cagayan de Oro City. LEONILA S. LEGASPI, of legal age, married and a resident of Matangad, Gitagum, Misamis Oriental. ARTEZA S. GALARPE, of legal age, married and a resident pf Pagatpat, Cagayan de Oro City; WITNESSETH: That the parties herein are the sole heirs and co-owners in equal share of a parcel of land described in Original Certificate of Title No. P-23 ( FP No. 42711) of the Registry of Deeds of Cagayan de Oro City, more particularly described Lot 3176, Cad-237 containing an area of FIFTY THREE THOUSAND FIVE HUNDRED AND TWENTY THREE (53, 523) SQUARE METERS, more or less; Under the Notary Public of LEANDRICIA M. MONSANTO per Doc. No. 184; Page No. 35; Book No. V; Series of 2004.
KNOWN ALL MEN BY THESE PRESENTS: This EXTRAJUDICIAL SETTLEMENT made and executed by and among the HEIRS OF EDNA EBARLE PEREZ, namely: JUSTINO A. PEREZ, of legal age, Filipino, widower and a resident of #72 VDR Compound, Zone 2 Tablon, Cagayan de Oro City, and the surviving husband of the deceased; DANIEL RAMON EBARLE PEREZ, the surviving son of the deceased and herein represented by his aunt/attorneyin-fact, AURORA FABRESISMALAYAS, per special Power of Attorney dated January 13, 2016 and notarized as Doc. No. 176, Page No. 36, Book No. 190, Series of 2016 of the notarial registry of Atty. Mario T. Juni of Cagayan de Oro City; CLARISSE PEREZ-RANTANEN, the surviving daughter of the deceased and herein represented by her aunt/attorney-in-fact, AURORA FABRESIS-MALAYAS, per special Power of Attorney dated January 13, 2016 and notarized as Doc. No. 176, Page No. 36, Book No. 190, Series of 2016 of the notarial registry of Atty. Mario T. Juni of Cagayan de Oro City; HEIRS OF JAYPEE JAMES PEREZ, deceased son and herein represented by his surviving wife, MICHELLE . PEREZ, of legal age, Filipino, widow and a resident of #72 VDR Compound, Zone 2 Tablon, Cagayan de Oro City; WINESSETH: That the abovenamed parties, all of legal age, are the legitimate husband/children and the sole/compulsory/surviving heirs of the deceased EDNA EBARLE PEREZ who died on August 24, 2013 in Cagayan de Oro City; that the deceased, EDNA EBARLE PEREZ, at the time of her death, left four (4) parcels of land and one (1) motor vehicle which particularly described as: Lot 3338-B, Psd-10-043878 containing an area of THREE HUNDRED SEVENTY TWO (372) square meters more or less., Lot 330-A, Psd-10-043880 containing an area of ONE THOUSAND ONE HUNDRED THREE (1,103) sq. m. more or less., Lot 3297-A, Psd-10-043877 containing an area of FOUR HUNDRED FORTY SIX (446) sq. m. more or less., Lot 3390-F, Psd-10-043879 containing an area of THREE HUNDRED TWENTY EIGHT (328) sq. m. more or less, both situated in Brgy. Tupsan, Pequeño, Mun. of Mahinog, Prov. of Camiguin, Island of Camiguin. Under the Notary Public of ATTY. MARIO T. JUNI. Per Doc. No. 264; Page No. 53; Book No. 195; Series of 2016.
BWM: Aug.29, Sept. 5 & 12, 2016
BWM: September 5, 12 & 19, 2016
BWM: September 5, 12 & 19, 2016
Projects... from page 2
Production of Agri-Tourism Project (P1,500,000); Women Federation, Plaridel Federated, BNS, BHW, Lampurnas for the Fish Processing Project (P1,300,000); PWD, ERPATS, SENIORS and KALIPI for the Bigasan, General Commodities and Dried Fresh Vending Project (P1,000,000); PECCA for the Mud Crab Culture in Mangroves (P500,000); Tricycle Drivers’ Association for the Motor Spare Parts Trading EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH WAIVER OF RIGHTS KNOWN ALL MEN BY THESE PRESENTS:
EXTRAJUDICIAL DEED OF PARTITION
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