BusinessWeek Mindanao (September 7, 2016)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 041

Market Indicators

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

FOREX

PHISIX

US$1 = P46.60

7,719.18

X

8 cents

44.87

X

points

Briefly UN splidarity THE Secretary of Foreign Affairs conveyed the Philippine Government’s appreciation to the United Nations for the expressions of sympathy and solidarity from the international community.

The members of the UN Security Council condemned in the strongest terms the heinous and cowardly terrorist attack in Davao on September 02, during which at least 14 people were killed and over 67 injured.

The 15 Member-body, charged with the task of maintaining international peace and security, expressed their deepest sympathy and condolences to the families of the victims and to the Government of the Philippines and wished a speedy and full recovery to those who were injured.

The UN statement reaffirmed that terrorism in all its forms and manifestations constitutes one of the most serious threats to international peace and security and underlined the need to bring perpetrators, organizers, financiers and sponsors of terrorism to justice.

YOUR Mindanao-wide BUSINESS paper

RELIABLE

IN-DEPTH

Asean leaders, meet at summit opening www.businessweekmindanao.com

P15.00

Wednesday | September 7, 2016

P

RESIDENT Rodrigo Roa Duterte joined his fel low le aders from the Association of Southeast Asian Nations (ASEAN) at the opening ceremony of the 2016 ASEAN Summit in Vientiane, capital of Lao People’s Democratic Republic on Tuesday.

ASEAN SUMMIT. PRESIDENT Duterte arrives at the Wattay International Airport yesterday to attend the 2016 ASEAN Summit in Laos People’s Democratic Republic amid flak over his controversial comment against US President Barack Obama.

This is the first foreign trip of President Duterte since he assumed the highest office of the land.

It comes at a critical period just days after the bombing of his hometown Davao City last Friday night that killed 15 individuals and hurt at least 67 others.

On Saturday, the President cancelled his working visit to Brunei following the summit/PAGE 11

to grow above 8% with DICT expansion seen to GDP economic liberalization spur Mindanao economy

By KRIS M. CRISMUNDO, PNA

Wage hike THE Department of Labor and Employment (DOLE) said on Tuesday that consultations to discuss the proposed general wage increase of workers nationwide have started.

In a press briefing held at the DOLE Central Office in Intramuros, Manila, Secretary Silvestre H. Bello III said that the respective Regional Tripartite Wages and Productivity Boards (RTWPBs) have been asked to convene on the proposed P125 wage increase.

The convening aims to consult and generate consensus or comments on the anticipated filing of legislative measures proposing for the P125 across-the-board increase in the wages of workers in the 17th Congress.

By LILYBETH G. ISON, PNA

THE Antonio Floirendo G r o u p o f C o mp a n i e s’ completion of its PHP5billion expanded Davao International Container Terminal Inc. (DICT) is

seen to spur the anticipated e c o n o m i c g r ow t h a n d development of Mindanao, especially within the Davao region.

Strategically located

in Panabo City, Davao del Norte, the DICT, which was inaugurated by President Rodrigo Duterte Friday, is the anchor project of an agricultural and industrial complex being developed expansion/PAGE 11

THE country’s gross domestic product (GDP) growth can accelerate to above 8.0 percent with the easing of government regulations and restrictions in the economy, an economist said.

St a n d a rd C h a r t e re d B ank’s chief economist for Asia David Mann, in a press briefing in Taguig City Tuesday, said it is possible for the Philippines to increase gdp/PAGE 11

Guv: Misor tourism remains strong despite Davao attack

By GERRY LEE GORIT¸ Reporter

DESPITE the attack in Davao City last week, the Misamis Oriental tourism industry remained strong as ever, said Gov. Yevgeny Vincente Emano on Monday.

Emano said what happened in Davao City’s Roxas Night Market on Friday night is just a “temporary setback” but it will not deter the province from welcoming more local

and foreign tourists to visit Misamis Oriental’s tourist spots.

The bombing in Davao City, Emano said, will not weaken the province, but instead “it will drive us even stronger.” tourism/PAGE 11

TOURISM WEEK. A woman dons a dress made of materials from coconut during the opening of the Misamis Oriental Tourism Week 2016 on Monday, Sept 5. photo by gerry lee gorit

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776

Economy 2 Implementation of more BuB projects under review T Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|september 7, 2016

HE CAGAYAN de Oro City Council is looking into the implementation of more B ottom Up Bu d g e t i ng (BUB) projects in the city.

The committee on a g r i c u l t u r e c h a i re d by Councilor Annie Y. Daba favorably endorsed to the c om m it t e e on f i n a n c e , budget and appropriations chaired by Councilor Edna M. Dahino for review the implementation of P17.32 million BUB projects for calendar year 2015.

T h e r e v i s e d Memorandum of Agreement (MOA) to be executed by and between the City Government of Cagayan de Oro and t he D epar tment of Ag r i c u lt u re - 1 0 f or t h e implementation of these priority projects was found

to be in order by the City Legal Office.

Under the said MOA, the city government shall fully comply with provisions such as the submission of the monthly and quarterly accomplishment reports of the project to DA-10 every 20th day of the month, as wel l as t he ter mina l report within 30 days after the completion of the project, financial reports every 10th day of the succeeding month with or without payment made, creation and maintenance of a special trust account and the provision of t he re quire d BuB C ash counterpart funds to be used for new projects identified by the LPRAT. On the part of the DA-10, it shall issue the Certificate of Availability

of Funds (CAF) for the t ot a l DA e qu it y t o t h e c i t y g o v e r n m e nt u p o n obligation of the funds and

upon written request of the local chief executive.

It sh a l l, l i ke w i s e, release the budgetar y

requirements of the project to the city gover nment s u bj e c t t o t h e e x i s t i ng accounting and auditing

laws, rules and regulations of the government, among others.(JAO/CDO Legislative Information)

DTI to accredit service, repair shops in accord with PD 1572 ILIGAN City -- In a Fair Trade Laws briefing to around 30 participants from service and repair shops in Iligan City, the Department of Trade and Industry (DTI), Technical Education and Skills Development Authority (TESDA), and the Local Government Unit of Iligan, pushed for complying with the provisions of Presidential Decree (PD) 1572 to continue operating their businesses.

Pursuant to Section 1 of PD 1572 - Empowering the Secretary of Trade to Regulate And Control the Operation of Service and Repair Enterprises For Motor Vehicles, Heavy Equipment and Engines And Engineering Wo r k s ; E l e c t r o n i c s , Electrical, Airconditioning and Refrigeration; Office Equipment; Medical And

Dental Equipment; And Other Consumer Mechanical and Industrial Equipment, Appliances or Devices, including the Technical Personnel Employed therein, no such service or repair enterprises and technical personnel shall be licensed or permitted to operate in the Philippines for the first time without first being accredited

by the Department of Trade.

DTI Consumer Welfare Division Chief Elvira G. Redublado said that it’s now high time for service and repair shops to be accredited by the DTI after the onslaught of Typhoon Sendong in December 2011.

“We understand your situation after the devastating dti/PAGE 10

RPN Radyo Ronda Stations Nationwide

CNN Philippines Stations Nationwide CNN Philippines TV-9 Manila CNN Philippines TV-12 Baguio CNN Philippines TV-12 Dagupan CNN Philippines TV-26 Tarlac CNN Philippines TV-10 Iriga CNN Philippines TV-4 Iloilo

CNN Philippines TV-8 Bacolod CNN Philippines TV-9 Cebu CNN Philippines TV-5 Cag. de Oro CNN Philippines TV-5 Zamboanga CNN Philippines TV-7 GenSan CNN Philippines TV-9 Davao

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

Civil Service Commission (CSC) Regional Office 10 Director Adams D. Torres said during the Talakayan ng mga VIP, 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. The Talakayan, an annual forum 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.” (RDM/PIA10)

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

3 Globe secures P20-B term loan facility G Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|september 7, 2016

LOBE Telecom, Inc. on Monday said it secured a P20billion loan to partially fund its share of the P69.1billion deal to acquire, together with PLDT, Inc., the telecommunications assets of San Miguel Corp.

In a statement on Monday, Globe said the 12-year and 15-year term loan facility was arranged by First Metro Investment C or p. with Metropolitan Bank and Trust Company as lender.

“The loan shall be used to finance the acquisition of a fifty percent (50%)

CorporateWorld

equity interest in Vega Telecom, Inc., Bow Arken Holdings Company, Inc. and Brightshare Holdings C orporation, including capital expenditures related to the acquisition,” the telecommunications company said.

On May 30, PLDT and Globe announced the acquisition of San Miguel’s telecommunications assets, including the prized 700-megahertz spectrum network. The two telco giants will pay P52.08 billion as well as assume debt of around P14.02 billion as each of

them take a 50% stake in Vega Telecom, the entity that holds San Miguel’s telco assets.

“Given that Philippine telcos are having difficulty improving the quality of mobile data services because of continued challenges with site acquisition for cell sites and the intensely bureaucratic permitting process of many local government units, h av i n g t h e a d d i t i o n a l spectrum will provide some relief as it will immediatey add new capacity with the existing number of sites,” Globe said.

Phoenix to sell off shipping, industrial park business PHOENIX Pet roleum Philippines, Inc. is selling its shipping and industrial park units to its ultimate parent company Udenna Corp. to pay off debts while focusing on its main business of oil trading and retailing, the company said on Monday.

In a disclosure to the stock exchange, Phoenix Petroleum said its board of directors had approved the disposition or sale of wholly owned subsidiaries Chelsea Shipping Corp. and Phoenix Petroterminals and Industrial Park Corp. to Udenna, which

holds majority of the listed firm’s equity.

“The proceeds of the sale shall [be] used to pay off existing debts which will effectively reduce interestbearing-debt-to-equity ratio from 1.69:1 in 2015 to 0.92:1 by end of 2016,” said Socorro E. Cabreros, the company’s corporate secretary.

Sh e a d d e d t h at t h e reduction in interest-bearing debt would save the company between P150-P160 million a year in interest expense starting next year.

Ms. Cabreros placed the

value of the subsidiaries at around 8% of the consolidated assets of Phoenix Petroleum as of 2015, with a market value of P7 billion. The selling price is estimated at P3 billion and P3.5 billion, which will turn in between P500 million and P700 million in non-recurring gain for the company. “ The sale will allow [Phoenix Petroleum] to allocate all of its resources to fuel and thus enable to drive its aggressive growth in its core business and phoenix/PAGE 10

A trainer shepherds his Labrador during a dog show last Sunday (September 4) at SM City Cagayan De Oro. PHOTO BY Mark Francisco

RFM Corp. buys back 30,000 shares R F M C or p. b ou g ht on Monday a total of 30,000 RFM shares from the equity market, the company announced in a disclosure with the Philippine Stock Exchange.

“Pursuant to the boardapproved buy-back of RFM shares from the Philippine equities market, the cor p orat ion b oug ht on September 5, 2016 a total of 30,000 RFM shares,” it said in the disclosure.

Price per share was set

at P4.1 and P4.2.

RFM said it intended to implement the share buyback program as buying opportunity presented itself and up to the time when the total appropriated amount for t he share buy-b ack program was exhausted. “ The management can still seek additional budget for the share buyback program if and when warranted,” it added.

RFM has 3,485,402,266 outstanding shares and

15,001,600 treasury shares after the buy-back.

It appropriated P300 million for the buyback program and p o s t e d a t ot a l am ou nt of shares repurchased at P187,220,368.

RFM C orp., with Php 14.6-billion market capitalization, was incorporated on Aug. 16, 1957 as Republic Flour Mills, Inc. to manufacture flour in the Philippines. rfm/PAGE 10

4

Opinion

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

wednesday|september 7, 2016

SC: cursing is a mere expression of anger

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for Corporate Affairs

Joe felicilda

Vice President for Administration

joe palabao

Vice President for Marketing

NELSON CONSTANTINO Editor-in-Chief

Cheng ordoñez

gilbert y. chao

Executive Editor

Motoring Editor JOEL ESCOL

BONG FABE

Feature Editor

Associate Editor

CLIFFORD SANTILLAN Layout Artist

JUN AYENSA

mel-rose codilla

Regional Editor Caraga

Advertising

ATTY. MARIO T. JUNI

Cris diaz mike baños Uriel quilinguing Contributing Editors

Cell No: 09352379999

Juni Law Office Cruz Taal St., CDO Legal Counsel

MARKETING staff manila office: Unit 310 Valero Plaza, Valero Street, Salcedo Village, Makati City; lani vallido-Marketing Manager ARJAY FELICILDA Marketing Staff - CDO

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City.

It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463826-272-000 – VAT. Reg., and with Business Permit No. 201512879. Tel. Nos.: (088)8578447, 74-5380, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

Member:

slander but rather to express anger or displeasure. It is seldom, if ever, taken in its literal sense by the hearer, that is, as a reflection on the virtues of a mother…”

-ooo DUTERTE WAS JUST EXPRESSING HIS ANGER AND DISGUST: On the other hand, in Pader, the tribunal noted: “… t he e x pre s s i on p ut a n g i n a mo is a common enough utterance in the dialect that is often employed, not really to slander but rather to express anger or displeasure. In fact, more often, it is just an expletive that punctuates ones expression of profanity.

We do not find it seriously insulting…”

Now, why am I bringing these decisions in the open?

It is to unders core t he point that when someone, particularly a leader like President Duterte, utters “your mother is a whore”, he should not be considered to be slandering or attacking anyone, much less the likes of President Obama and the United States of America.

As the Philippine Supreme C ourt already established long before Duterte became president in 2016, expressions which seem to attach the virtures

of one’s mother are mere expressiongs of anger or displeasure. Indeed, Duterte has a reason to be angry and displeased at Obama and the US, for their evident false pontifications about human rights in the Philippines.

-ooo CURSING USING FINE L A N G UAG E ? I T C A N BE DONE! That having b een said, I guess it is now time for President Duterte to be seriously considering changing the way he expresses his anger or disgust at anything or against anyone. He must now always remember he is no longer just the mayor of a far-away city, but the president of a nation not only of supposed Christian believers but of intelligent and intellectual citizens as well.

In saying this, I do not wish to lecture on good manners and right conduct on the President, for, not only as a lawyer, but more as a father and a beloved leader, he should know the basics of decency and elegant language, with the full capacity to curse as much as he wants, but using language that is pleasing to the ear and to the mind.

In d e e d , t h e re a re a thousand and one ways

K akampi

Mo A ng Batas

Atty. Batas Mauricio to kill a cat. It is the mark of a man who possesses finesse and brute force to be able to show his extreme displeasure and anger, and yet still come across as a literate and highly respected person. It can be done, it only needs will power and, of course, a lot of practice.

-ooo PLEASE WATCH OR L I S T E N : “ Ta m b a l a n g B a t a s a t S o m i n t a c”, a news-commentar y radio program, aired at DZEC 1062 kHz and other Radyo Agila provincial stations nationwide, and is aired live by Facebook at https:// w w w. f a c e b o o k . c o m / RadyoAgila1062/?fref=ts, 6 to 7 in the mor ning, Philippine time. Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

From perishable to imperishable

Philippine Press Institute Oro Chamber

New Location Think a minute…A Bank in New York City had some flowers sent to another bank that had moved to a new building. But there was a mixup at the flower shop, and the card that was sent read: “With our deepest sympathy.” The florist was so embarrassed and apologized for her mixup. But she felt even worse when she realized that the card to the bank was sent instead to a funeral. This card read: “Congratulations on your new location!” You can imagine the surprise of the dead person’s family when they read that card! All joking aside. You know that’s actually an accurate way to describe what happens when we die. While we’re alive on this earth, our body is just our temporary house.

Doctors say that after we reach the age of about 20 years old, our body begins to deteriorate and slowly die.

Our hair turning gray and thin, wrinkles in our skin, and many other changes in our body are all signs that our aging house is falling down. No one escapes this fact of life!

All joking aside. You know that’s actually an accurate way to describe what happens when we die. While we’re alive on this earth, our body is just our temporary house.

LIFE’S INSPIRATIONS: “… Gracious words are a honeycomb, sweet to the soul and healing to the bones…” (Proverbs 16:24, the Holy Bible).

-ooo SC: CURSING ANOTHER’S MOTHER IS JUST EXPRESSION OF ANGER: I do not wish to appear as if I am upholding uttering the words “your mother is a whore” in the vernacular, but there is a need to be reminded that even the Supreme Court of the Philippines, in several decisions, already categorized that kind of an utterance as “a mere expression of anger or displeasure… and is seldom, if ever, taken in its literal sense…”

I am referring to the case of Reyes vs. People of the Philippines, G.R. No. L-21528, March 28, 1969, and Pader vs. People of the Philippines, G.R. No. 139157, February 08, 2000. In both of these cases, the accused were charged with uttering the words “your mother is a whore” in Filipino.

In Reyes, the Supreme C ourt ruled: “ This is a common enough expression in the dialect that is often employed, not really to

THINK

A Minute

Jhan Tiafau Hurst Doctors say that after we reach the age of about 20 years old, our body begins to deteriorate and slowly die.

Our hair turning gray and thin, wrinkles in our skin, and many other changes in our body are all signs that our aging house is falling down. No one escapes this fact of life!

However, we have a soul that never dies, so when our body dies we just change locations. And our next location is not just for 70 years, it’s our permanent home—forever. Jesus Christ said that there are only 2 locations that we can live in after we die: heaven or hell.

Fortunately, the choice is ours to make now while we’re still in this temporary location.

If we choose heaven, then all we need to do is ask Jesus hurst/PAGE 11

It’s a skill we all need to l e a r n . C o nv e r t i n g t h e perishable condition of our earthly life into the imperishable quality of our definitive life hopefully in heaven is actually expected, nay, commanded of us by Christ himself.

He said it very clearly. “Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. For where your treasure is, here your heart will be also.” (Mt 6,19-21) The same idea is reiterated by St. Peter. “By his (God’s) great mercy we have been born anew to a living hope through the resurrection of Jesus Christ from the dead, and to an inheritance which is imperishable, undefiled, and unfading, kept in heaven for you...” (1Pt 1,3-4) St. Paul also said something similar. “Seek the things that are above, where Christ is, seated at the right hand of God. Set your minds on things that are above, not on things that are on earth.” (Col 3,1-2) Heaven can start here on earth.

In fact we need to see the

unity between the two, and try our best, with God’s grace, to conform to such reality. Obviously, this unity between heaven and earth will always be a tentative one while we are still here on earth, but we need to work on it.

That’s the reason why in the Lord’s prayer, we are asked to constantly pray, “Thy will be done on earth as it is heaven.” Many other passages in the gospel can attest to this. St. Paul in his First Letter to the Corinthians said: “As we have borne the image of the earthly, let us bear also the image of the heavenly.”

(15,49) Converting the perishable to the imperishable can h app e n i f w e s e e a n d understand things in a theological way, that is, with faith, hope and charity.

We need to realize that our thinking would not work in its most proper way if it is not enlightened and guided by faith, hope and charity.

It would be like saying that we can simply be on our own. It’s tantamount to saying that we don’t need God from whom we come and to whom we belong. Or that we may need him only from time to time, but not always, and that he is not truly indispensable in our

life.

We have to cultivate this theological mind, which is actually necessary for us but which we have to do freely. Theological thinking is actually not an optional thing.

With this theological thinking, we would be able to see Christ in everything, as expressed once by St . Jo s e m a r i a E s c r i v a .

“Understand this well,” he said. “There is something holy, something divine, hidden in the most ordinary situations, and it is up to each one of you to discover it.”

This finds basis on the fact that God is everywhere.

He is our creator who gives us and the whole world our existence and keeps it. With Christ who is the Son of God who became man to redeem us, God identifies with each one of us.

The Catechism expresses this truth in this way: “Christ enables us to live in him all that he himself lived, and he lives it in us...the Son of God has in a certain way united himself with each man...” (CCC 521) Also with this theological thinking, we would be able to relate everything to God, as it should, regardless if in human terms it is good or bad.

HINTS

and

Traces

Fr. Roy Cimagala As a creation of God, ever ything in the world can and should actually lead us to him. Nothing in it is non-relatable to God. Everything in it comes from him and belongs to him.

There is no dead spot in it where God is absent or irrelevant. Our sciences, arts and technologies can only discover the laws and the ways of nature that have been created by God. We do not create these natural laws. We just discover them and make use of them.

As such, we have to at least thank God for whatever usefulness we can find in the things of the world. But more than that, we should try to discern how the things of this world play in the all-embracing providence of God over his creation, since we also have a role to play in that providence.

VISIT OUR WEB PORTAL

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

wednesday|september 7, 2016

Warmest Felicitations to the Misamis Oriental Filipino-Chinese Chamber of Commerce and Industry Inc. (MOFCCCII) on its 30th Founding Anniversary & 16th Induction of New Set of Officers!

5

6

Lifestyle

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

wednesday|september 7, 2016

Apple Tree Resort and Hotel: 2nd Runner UP - KUMBIRA 2016 Professional Category Achieving Culinary Excellence for this year’s Cook Local, Taste Global theme.

Articles and photos by: Clement Dampal II

( N o r t h e r n M i n d a n a o, PHILIPPINES)- The premier Resort Hotel in Metro Cagayan de Oro was announced as the Over-all 2nd Runner Up during the KUMBIRA 2016 Event, celebrating 20 years of Culinary Show and Live Competition held at the Atrium, Limketkai Center, Cagayan de Oro City, Philippines last August 1719, 2016.

KUMBIRA (which means feast or a food festival in Cebuano) was founded in January 1996 as the flagship project of the COHARA (Cagayan de Oro Hotel and Restaurant Associations, Inc.) in partnership with the Department of Tourism Region 10 has b ecome the pillar of the culinary community and competition that aims to showcase the best gastronomical creations of the Region while incorporating latest gourmet trends. It is said to be the country’s longest running culinary competition and Mindanao’s largest culinary show competition.

Hence, celebrating 20 years of culinary show and live competition.

On this year’s competition, Apple Tree Resor t and Hotel, the leading Resort Hotel in Metro Cagayan

de Oro brought home a total of 8 (eight) different awards, including 2 (two) silvers, 3 (three), and 3 (three) diplomas and was announced as this year’s Over-all 2nd Runner Up for the Professional Category with a total ranking score of 35.

Ms Odessa Bahian, Apple Tree Resort and Hotel’s F&B Supervisor together with Ms Bjanesha M. Emphasis, the Resort’s General Manager led and watchfully guided the Apple Tree team of passionate and dedicated individuals who participated in the 9 (nine) different categories, both professional and mixed including the 10th Mindanao Chef Wars Regional Elimination.

“KUMBIRA is a culinary event that has always been looked forward to by most of hotel and restaurant establishments as well as by the academe. Every year seems to be always new to us because the theme is always different.

We may not be that talented compare to others however, we always give our best to be able to compete and somehow be successful to any categories we joined.”- As stated by Ms Odessa. “Be confident on your craft”, she added, “As the Team

Leader, encouragement is the vital key to showcase their shrouded talents, and thus, we supported their creativeness.

Indeed, I am proud of my team’s achievements.”

The Apple Tree team bagged the following awards while demonstrating their best culinary skills combining with innovative creations:

1. Biko 2 Ways

EVENT

AWARD

Bronze

2. Sinuglaw Festival

Bronze

3. Humba Lumba

Silver

4. Rustic Floral Dinner Table Centerpiece 5. Modern Filipino Set

Bronze Diploma

6. Binaki de Oro

Silver

7. Pineapple Flambe 8. Chef Wars

Diploma Diploma

PARTICIPANTS

- Ms Cyndy Sonugan - Ms Sarah Jamisola - Ms Cyndy Sonugan - Mr Allan Cuyagbo - Mr John Rey Colance - Mr Jun Lloyd Otoc - Mr Rey Vitor - Mr Jonard Villasan - Mr Ricky Durias - Ms Sarah Jamisola - Mr John Rey Colance - Ms Sarah Jamisola - Mr Raffy Vacalares - Mr Allan Cuyagbo - Mr John Rey Colance - Ms Cyndy Sonugan

“On behalf of the Apple Tree Resort and Hotel, we are very proud of our team’s success at this year’s culinary competition. This achievement is not attainable without the dedication, perseverance, and commitment of the whole team. KUMBIRA serves as an opportunity for Apple Tree’s brand to showcase our commitment to culinary experience which includes our unique and masterfully prepared delectable cuisines and to somehow express our team’s imaginative creations and abilities in uplifting the excellence of taste and presentation during the event.”- explained by Ms Emphasis.

ABOUT APPLE TREE RESORT AND HOTEL Apple Tree Resort and Hotel is Cagayan de Oro City’s premier resort hotel.

Covering over 7,000 square meters, the property boasts a full range of facilities and service for business and leisure, including 39 luxurious guestrooms and suites, indoor and outdoor function spaces for corporate and social events, indoor and outdoor dining outlets, 2 swimming pools and a private beach, and a host of activities for fun & leisure. All these come with a magnificent view of the Macajalar Bay and Camiguin Island and an ambiance that is solely and uniquely Apple Tree’s.

It’s time for a fantastic escape. Discover Apple Tree Resort & Hotel Today.

To know more about Apple Tree Resort and Hotel: Website: www.appletreeresortcdo.com E-mail Address: fantasticescape@appletreeresortcdo.com Facebook: www.facebook.com/AppleTreeResortHotel Telephone: 555-1918 Mobile Numbers: 0917-714-4040/0917-718-5152

“On behalf of the Apple Tree Resort and Hotel, we are very proud of our team’s success at this year’s culinary competition. This achievement is not attainable without the dedication, perseverance, and commitment of the whole team. KUMBIRA serves as an opportunity for Apple Tree’s brand to showcase our commitment to culinary experience which includes our unique and masterfully prepared delectable cuisines and to somehow express our team’s imaginative creations and abilities in uplifting the excellence of taste and presentation during the event.”- explained by Ms Emphasis.

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

wednesday|september 7, 2016

BSP awards 8 stakeholders, partners in regions 10, Caraga THE Bangko Sentral ng Pilipinas awarded today e i g ht s t a ke h ol d e rs an d partners based in regions 10 and 13 during an appreciation lunch held in Cagayan de Oro City.

Monetary Board member Felipe M. Medalla led the awards ceremony with a theme “Sustained Pa r t n e r s h ip, Su s t a i n e d Economic Growth.”

This year’s awardees i n Nor t he r n Mi nd ana o and CARAGA are Desmark Corporation as Outstanding Respondent among Large and Medium Firms and Osamco Manufacturing Corporation as Outstanding Respondent among Small Firms for the Business Expectations Sur vey (BES).

The National Economic and Development Authority (NEDA)-Region X and the Philippine Statistics Authority (PSA)Caraga both obtained the aw ard for O ut st and i ng Par t ne r for t he R e p or t on R e g i on a l E c on om i c Developments.

The Outstanding Regional Partner for Currency Programs of the BSP for Demonetization of the New Design Series was awarded to the Philippine Infor mation Age n c y R e g i on 1 0 an d Radyo Trumpeta Butuan.

7

Banking&Finance

The Overseas Workers Welfare Administration and Caraga Council of Dean and Business E du c ators Ass o c i at i on , on the other hand, were individually recognized as the Outstanding Regional Partner in Implementing BSP Advo cac y on t he Conduct of Public Information Campaigns.

Each awardee received t he “D y nami c B a l anc e, Philippine Eagle” trophy crafted by visual artist and multi-awarded sculptor, Ferdinand Cacnio.

T h i s y e a r ’s a w a r d s ceremony and appreciation lunch for stakeholders in Region 10 and 13 marks the second time that the BSP has awarded stakeholders in thes e regions and is the ninth in a series of 12 regional events for this year.

The annual awarding of BSP stakeholders and partners aims to further re i n forc e t h e a l l i an c e s between the BSP and its stakeholders in i n f o r m at i o n g at h e r i n g and conduct of advocacy campaigns that will help the BSP carr y out its objectives of maintaining price stability, promoting financial stability as well as ensuring an efficient payments and settlement s y s t e m i n t h e c ou nt r y.

(APB/PIA-10)

Senate ecpected to relax, repeal Bank Secrecy Law THE Senate is headed toward relaxing or repealing the bank secrecy law as a step to counter terrorism and corruption, according to Senator Chiz Escudero.

The Senate Committee on Banks, Financial Institutions and Currencies, w hich Escudero chairs, heard Monday several legislative proposals to amend the bank secrecy law or Republic Act No. 1405.

There had been talk of amending the bank secrecy law to allow authorities to probe highly suspicious bank accounts, especially after the February 2016 hacking of the Bank of Bangladesh account with the US Federal Reserve, where $81-million ended up in a Philippine bank.

The Philippines and L e b a n on a re t h e on l y remaining countries with stringent laws on bank

secrecy in the world.

RA 1405 prohibits the disclosure of bank deposits, either held by public officials or private individuals, with any banking institution.

Section 2 of the law states that all deposits of whatever nature in banks or banking institutions in the country are “considered as absolutely confidential nature and may not be examined, inquired or looked into by any person, government official, bureau or office, except upon written permission of the depositor, or in cases of impeachment, or upon order of a competent court in cases of bribery or dereliction of duty of public officials, or in cases where the money deposited or invested is the subject matter of the litigation.”

Escudero, however, said that since some Senate prop osals may exclude

government officials, they will compel public officials to submit a waiver in favor of the Ombudsman on the secrecy of their bank deposits, along with their sworn Statements of Assets, Liabilities and Net Worth (SALN). Such move is enclosed in Escudero’s proposed Senate Bill No. 80. “ There are two ways of doing it in so far as government officials are concerned: One way is to remove government officials from the coverage of 1405, while the other is to comply with the provisions of 1405 by requiring all public officials and employees to submit a waiver together with their SALN in favor of the Anti-Money Laundering Council (AMLC), the Bureau of Internal Revenue (BIR) and the Ombudsman to look into their deposits,” Escudero said.

This approach, he said, would not require changes to the law but would simply require a public official to submit a waiver together with his or her SALN. Since 2010, the veteran lawmaker has been submitting, together with his SALN, a written waiver on the secrecy of his bank deposits, which he files every year with the Office of the Ombudsman.

In the case of private individuals, removal of bank confidentiality will apply under certain circumstances, Escudero said.

“For example, if you apply for abatement or compromise in the tax you must pay, perhaps it’s reasonable to inquire into how much money you really have, to ensure that the amount you’re offering to pay is reasonable and not law/PAGE 10

SSS looking to hire fund managers for P3-B fund STATE-run Social Security System is looking to hire three fund managers before the end of the year to handle its pension fund.

SSS president and CEO Emilio de Quiros said they

want to tap fund managers for P3 billion out of the SSS’ close to P450-billion pension fund to “test the waters.”

Each fund manager will be assigned to handle P1

billion in investible funds.

“All this time, we have been managing our funds in house; it’s important [that] you look at what other fund managers are doing.

You’re able to compare your

performance against the industr y so you’ll know what strategies are they doing differently from what we’re doing; so, [it’s a] win-win situation,” said de Quiros.

WHERE YOU SOURCE PRINTING TECHNOLOGIES AND SOLUTIONS

BOO K EXH IBIT S NOW PACE ATTE ND A ND R !

F YOU R

September 22-24, 2016

The Atrium, Limketkai Mall, Limketkai Center

REE BUSI EGISTER SEM NESS INAR

Cagayan de Oro City, PH

EXHIBIT PROFILE

Graphic Design • Pre-Press • Print-On-Demand • T-Shirt Printing • Ad and Sign Making • Large Format Printing Printing on Merchandise/Corporate Giveaways • Digital Photography and Video • Web Publishing/Internet

Organized by:

Call: +632-896-0639, 896-0637 | Email: norelyn@fmi.com.ph Website: www.fmi.com.ph/printshopexpo2016/, www.fmi.com.ph

Supported by:

8

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

wednesday|september 7, 2016

Updates in teaching science

OROBANKERS DIRECTORIES

By AIREEN JOY G. SALAMANCA Teacher III Tangub City Central School

CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

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

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

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

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

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

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

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

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

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

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

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

METRO BANK- GAISANO 8561720

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

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

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

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

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

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

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

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

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

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

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

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

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

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

Capistrano Corner CruzTaal St. CDO 8524099/722695

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

SCIENCE used to be interesting as a kid. We used to be awed by stars. When we grow older, science becomes a little bit disinteresting.

We are introduced to the theory of relativity, to the complexities of algebra. That’s why teaching science in high school is a bit of a challenge.

We must constantly evolve

as teachers the way we deal with the subject to make it still more relevant to the students who are busy being vain in their makeup and swooning over their crushes during the high school years.

First we must instill to our students that science is relevant throughout life and is here to stay as long as we

are alive. Whether we like it or not, the moment one wakes up to the moment one goes to sleep, science leaves an imprint all throughout the day. Make the students be aware of lesser known trivia such as this – are you aware that each time you sleep, your eyeballs are moving rapidly from side to side?

That is true especially when you are dreaming. It’s called rapid eye movement and it will constantly move as long as you’re not awake. And do you know that each time we sleep, our bodies regenerate cells. That’s the only part of the day where cells in our bodies regenerate to replace aging ones.

Misamis Oriental celebrates Tourism Week T

By MARK FRANCISCO Lifestyle Editor

HE Provincial Tourism Week 2016 started last Monday in Misamis Oriental with a simple yet meaningful opening ceremony after the weekly flag-raising rites in the morning. It will be celebrated the whole week long through September 11, highlighting the dozens of tourist sp ots in the province, with the theme Tourism for All, Promoting Universal Accessibility.

The occasion also marked the unveiling of the Explore MisOr Tourism Destination Map which c ou l d b e f ou n d at t h e Misamis Oriental provincial capitol lobby. The map details briefly the features of each tourism spot and numbers of the tourism offices of each municipality in the province.

According to provincial tourism of f icer Yvonne

Jap Jap Cabillar Veloso (left) poses with other contestants after being declared the new Misamis Oriental Provincial Singing Ambassador 2016 during the competition held Monday (September 5, 2016) at the Misamis Oriental provincial capitol kiosk as part of Provincial Tourism Week celebrations. PHOTO BY Mark Francisco

Waga, copies of the Explore MisOr Tourism Destination Map will also be distributed at Laguindingan Airport, ports and bus terminals all over the province.

Through the efforts of G ov. Ye vgeny Vincente

Emano especially during his first term, less known tourism sites were developed to the full starting with the construction of prov i nci a l ro ads goi ng to those areas. Inventory and documentation of sites

were and continuing to be maximized. Because of that, a total of 60 spots in the province were earmarked and declared as tourist sites.

Emano is urg ing a l l visitors in Misamis Oriental to visit these spots.

Würth Philippines switches services to Globe Telecom Wholesaler of connecting materials powered by Globe Business mobility solutions

Leading Philippine telecommunications company Globe Telecom, through its enterprise information and communications technology arm Globe Business, was recently chosen by Würth

Philippines, a worldwide wholesaler of tools, installation and connecting materials, automotive hardware, and chemicals, as the new provider for Würth’s communication needs.

R e c o g n i z i n g the importance of communications in dayto-day operations and sales, Würth switched to Globe Business for its fast, reliable, and cost-efficient mobile

Teachers are learners too

By DINAH B. DECENA Teacher III Tangub Central School Silanga, Tangub City

WHEN we were young, we used to hear the adage “t e a c h i n g i s a n o b l e profession.” Does that still ring true these days?

Of course, it does. After all, teachers are honest, magnanimous, patient, possessing intellectual courage and humility, a positive attitude towards teaching and care and concern for students.

Good teachers enjoy their teaching and proudly proclaim that they are teachers. It is their passion

for it that makes them great teachers. Teachers who love teaching teach children to love learning. Students learn better when they experience their teachers’ love, care and concern.

Kind teachers have the power of touching their s tu d e nt s’ l ive s . G o o d teachers don’t neglect any student by labelling them a slow learner or dull student. They understand their students’ problems, l i ste n to t h e m , k n ow their aspirations, remove

their despair and instill confidence in them. They treat students’ challenges as opportunities and not as problems. Encouragement is the best medicine students can get from teachers for their poor performance and academic failures. After all, nine-tenths of education is encouragement. Good teachers brighten dull moments and make students fall in love with the course. Good teachers know that their smiles do wonders in the classroom.

plans and handsets all tucked in the Globe Business mobility solutions suite. In addition, Würth also signed up for Globe Business connectivity solutions, specifically direct Internet.

Ever since availing of Globe Business’ services, productivity and employee morale has improved according to Würth Managing Director Ariel de Jesus, “We chose Globe Business because they offer more flexible plans and quality pro duc ts and s er v ices.

Ever since distributing the phones to our sales and operations teams, output has drastically improved and communicating has been easier. General sentiment and feedback from everybody is that we have better coverage, better service, and the switch is indeed an upgrade for the better.”

Globe Senior Advisor for Enterprise and IT-Enabled Services Group Mike Frausing globe/PAGE 9

9

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

wednesday|september 7, 2016

BSP awards 8 stakeholders, partners in regions 10, Caraga

By Apipa P. Bagumbaran

CAGAYAN DE ORO CITY – The Bangko Sentral ng Pilipinas awarded today eight stakeholders and partners based in regions 10 and 13 during an appreciation lunch held in Cagayan de Oro City.

Monetary Board member Felipe M. Medalla led the awards ceremony with a theme “Sustained Partnership, Sustained Economic Growth.”

This year’s awardees in Northern Mindanao and CARAGA are Desmark Corporation as Outstanding Respondent among Large and Medium Firms and Osamco Manufacturing Corporation as

Outstanding Respondent among Small Firms for the Business Expectations Survey (BES).

The National Economic and Development Authority (NEDA)-Region X and the Philippine Statistics Authority (PSA)-Caraga both obtained the award for Outstanding Partner for the Report on Regional Economic Developments.

The Outstanding Regional Partner for Currency Programs of the BSP for Demonetization of the New Design Series was awarded to the Philippine Information Agency Region 10 and Radyo Trumpeta Butuan.

Characteristics of 21st century teaching

By AIREEN JOY G. SALAMANCA Teacher III Tangub City Central School

TWENT Y-first century teaching is all about a learnercentered classroom and personalized instructions.

As students have access to any information possible through their own cell phones at the comfort of their homes, there certainly is no need to spoon-feed the knowledge. As students have different personalities, goals and needs, offering personalized instructions is not just possible but also desirable. When students are allowed to make their own choices, they own their learning, increase intrinsic motivation and put in more effort – an ideal recipe for better learning outcomes.

Today’s students have the latest and greatest tools yet the usage in many

cases barely goes beyond communicating with family and friends via chat, text or calls. Even though students are now viewed as digital natives, many are far from producing any digital content. While they do own expensive devices with capabilities to produce blogs, infographics, books, how-to-videos and tutorials just to name a few, they are still asked to turn those devices off in the classroom and work with handouts and worksheets, Sadly, these papers are simply thrown away once graded. When given a chance, students can produce beautiful and creative blogs, movies or digital stories that they feel proud of and share with others.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City Branch 22 OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE File No. 2016-384 Upon Extra-Judicial petition for sale under Act 3135 as amended filed by NATIONAL HOME MORTGAGE FINANCE CORPORATION (NHMFC), mortgagee, with postal address at 104 Amorsolo St., Legaspi Village, Makati City against REYNALDO SERINA MORENO, single, mortgagor/s, of legal age/s, Filipino/s with postal address at Block 4, Lot 14, Scions Elite 400 Subdivision, Kauswagan, Cagayan de Oro City, to satisfy the mortgaged indebtedness which was as of February 18.2016 amounts to EIGHT HUNDRED SIXTEEN THOUSAND SIX HUNDRED NINETY NINE PESOS AND 41/100 (P 816,699.41) Philippine Currency excluding, penalty charges, attorney’s fees and expenses of foreclosure, the undersigned sheriff will sell at public auction on September 26,2016 at 10:00 a.m. or soon thereafter at the RTC Branch 22 Office, City Tourism Hall, City Hall, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the herein described property and all improvements thereon to wit: TRANSFER CERTIFICATE OF TITLE NO. T-60280 A PARCEL OF LAND (Lot 14, Block 4, Psd-10-013199, being portion of PCS-10-000133), situated in the Barrio of Kauswagan, City of Cagayan de Oro, Island of Mindanao. Containing an area of ONE HUNDRED EIGHTY EIGHT (188) SQUARE METERS more or less, and all other improvements thereon.

Prospective bidders may investigate for themselves the title of the herein described property and encumbrances thereon, if any there be.

All sealed bids must be submitted to the undersigned on the above stated time and date.

In the event the public auction should not take place on the said date, it shall be on the next working day without further notice.

Cagayan de Oro City, August 15, 2016.

FOR THE PROVINCIAL EX-OFFICIO SHERIFF: (Sgd.) JOEL LYDVEL G. PAKINO Sheriff IV

BWM: Aug. 24, 31 & Sept. 7, 2016

The Overseas Workers Welfare Administration and Caraga Council of Dean and Business Educators Association, on the other hand, were individually recognized as the Outstanding Regional Partner in Implementing BSP Advocacy on the Conduct of Public Information Campaigns.

Each awardee received the “Dynamic Balance, Philippine Eagle” trophy crafted by visual artist and multiawarded sculptor, Ferdinand Cacnio This year’s awards ceremony and appreciation lunch for stakeholders in Region 10 and 13 marks the second time that the BSP has awarded stakeholders in these regions and is the ninth in a series of 12 regional events for this year.

The annual awarding of BSP stakeholders and partners aims to further reinforce the alliances between the BSP and its stakeholders in information gathering and conduct of advocacy campaigns that will help the BSP carry out its objectives of maintaining price stability, promoting financial stability as well as ensuring an efficient payments and settlement system in the country. (APB/PIA-10)

Globe... from page 8

c o m m e n d s Wü r t h Philippines in their decision to shift to Globe Business saying that “the wonderful te st i mony f rom Wü r t h f u r t he r ce me nt s Gl ob e Business as the trusted business advisor of choice for enter pr is es and we couldn’t be happier that

Imbibing values while teaching

By DINAH B. DECENA Teacher III Tangub Central School Silanga, Tangub City

TEACHERS must imbibe v a lu e s w h i l e t e a c h i n g young children. Such values are but not limited to sacrif ice, tolerance, pluralism, understanding and compassion. After all, a sound education system is the bedrock of an enlightened society.

Inspired teachers are the building blocks of a good e d u c at i o n s y s t e m . A n inspired teacher links the individual goals of the students to the societal and national goals.

Ap a r t f ro m v a l u e s ,

teachers must also embrace technology and new methodologies t o c re at e m o d e r n an d effective approaches to teaching, learning and extending good wishes to the entire teaching community for their dedication and commitment to the great cause of educating the countr y’s youth.

Also, lessons must be written in the form of a backward design. That is a three-stage framework.

It begins with detailing

his desired results, how students will be assessed and finally explaining how the teacher will provide learning experiences a n d opp or tu n it i e s f or practice and application.

Teachers are told to strive for a world class outcome which are required items students must learn. For example, that could call for strategically creating meaning through complex writing and speaking and defending metacognitive process in a quantitative and qualitative method.

companies such as Würth are better because of the right technology, infrastructure, and know-how that Globe Business offers.”

The Würth Group is a global market leader in its core business, and trade in assembly and fastening material. It currently consists of over 410 companies in 84 countries and has more than 65,000 employees on its

payroll. In addition, The Allied Companies of the Würth Group, which either operate in business areas adjacent to the core business or in diversified business areas, round off the range by offering products for DIY stores, material for electrical installations, electronic components as well as solar modules and financial services.

Globe Business puts

premium to its new partnership with Würth and looks forward to more business with the worldwide wholesaler. To know how Globe Business can also d r i v e y o u r c o m p a ny ’s passion with its wide range of products and services, visit business.globe.com. ph or get in touch with your respective account managers.

10

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

wednesday|september 7, 2016

DTI... from page 2

effects of Typhoon Sendong.

But please try to understand us also, as a government agency mandated to regulate your business activities, in requiring you to comply

with the requirements as provided for by the law.

You were given ample time already,” Redublado said to the participants.

Wh i l e D r. C e n i l G .

C or tes of T E SDA tol d the attendees, that before TESDA can help you out in

Republic if the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 16, Tangub City IN THE MATTER OF THE CORRECTION ENTRIES IN TRANSFER CERTIFICATE OF TITLE NO. T-1812 OF THE REGISTRY OF DEEDS FOR TANGUB CITY AS TO NAME OF THE REGISTERED OWNER FROM “TELEPORA CHUA PAROAN” TO “TELESFORA CHUA PARO-AN” AND HER MARITAL STATUS FROM “MARRIED” TO “WIDOW”

MISCELLANEOUS CASE NO. TC-2016-004

TELESFORA CUA PARO-AN THE REGISTER OF DEEDS

Petitioner, FOR TANGUB CITY,

Respondent

NOTICE OF HEARING In a verified petition filed on July 18, 2016, petitioner through counsel, alleged: 1. That petitioner TELESPORA CHUA PARO-AN, is of legal age, Filipino, widow and a resident of Brgy. Labuyo, Tangub City; 2. That petitioner is the registered owner of a parcel of land, known as lot No. 981 D. Psd-10-046139, situated in labuyo, Tangub City covered under transfer Certificate of title No. T-1812 of the Registry of Deeds for Tangub City and declared under Tax Declaration No. 114219 of the City Assessor’s Office of Tangub City.

the issuance of a national certificate (NC) or certificate of competency (COC) to your employees-technicians as one requirement for DTI accreditation, you are advised to first secure a selfassessment guide and ask for the agency’s experts in the evaluation of skills and competencies.

Meanwhile, Iligan City Mayor’s Office Permits and License Division Head Carmen P. Magnaye said, because of the President’s pronouncement on prompt processing and release of business permits, we are glad to inform you that it would only take an hour to process your applications, but have your shop first accredited by the DTI. The briefing was held at the Negosyo Center Training Room, DTI-Lanao del Norte Provincial Office in Pala-o, this city. (Angelo A. Devero, STIDS/DTI-LDN/PIA-10 LDN)

Phoenix... from page 3

distribution of petroleum products nationwide,” she said.

5. Since the death of Petitioner’s Husband, she never had contracted a subsequent married and remains a widow up to this date as evidenced by the Advisory on Marriages issued by the Philippine Statistics Authority; 6. That the erroneous entries as to the spelling of the first name and family name of the petitioner as well as her civil status that appears in TCT-T-1812 were inadvertently made that only necessitates correction to conform to the correct first name and family name of the Petitioner together with her actual marital status.

7. That under Section 108 of P.D. No. 1529, an order from this Honorable Court is necessary to effect the change in the registration book and the entry in a certificate of title; 8. Thus, petitioner prayed for this honorable Court, that an order be issued directing the Register of Deeds of Tangub City to effect the necessary corrections in the registration book and the entries in original owner’s copy as well as the original copy on file in said Registry Office which is the Transfer Certificate of Title No. T-1812 by correcting the spelling of its registered owner, from “TELESPORA CHUA PAROAN” to “TELESFORA CHUA PARO-AN” and by changing her civil status from “MARRIED” to “WIDOW”.

WHEREFORE, finding the petition in due form and substance, the hearing of the same is hereby set on October 28, 2016 at 8:30 O’clock in the morning, at the Session Hall of this Honorable Court, at which date, time and place, any concerned and interested person may appear and show cause, if any, why said petition shall not be granted.

Let a copy of this petition and notice be furnished to Register of Deeds of Tangub City, and the Petitioner.

The Sheriff of this Honorable Court is hereby ordered to post copies hereof in three (3) conspicuous places, preferably in the Bulletin Boards of this Court, the city Hall of Tangub City, and the Barangay Hall of Labuyo, Tangub City at the expense of the petitioner, for the information and guidance of all concerned.

WITNESS, the Honorable SYLVIA A. SINGIDAS-MACHACON, Presiding/Executive Judge, this 17th day of August 2016.

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

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

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

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

In the disclosure, Ms. Cabreros also said that the board of directors gave the green light for an increase in the company’s share buyback program by an additional P200 million worth of common shares, raising the total amount to P450 million.

She said the funds allocated for the repurchase of the shares would be taken from the company’s unrestricted retained earnings.

“The program is basically designed to boost up and/or improve the shareholders’ value through the repurchase of the shares whenever the same is trading at a value lower than its actual valuation,” she added.

The program will not involve any funds allotted for the company’s expansion projects or investments nor any of those set aside to pay obligations and liabilities.

A s o f e n d - Au g u s t , Phoenix Petroleum bought at least 27.3 million shares with a total value of around P171.1 million at a volume weighted average price of P6.25 per share.

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

3. That Petitioner acquired the aforementioned property form her mother, Eleuteria Rabina Chua through a Deed of Donation Inter-Vivos on September 9, 2002; 4. That only recently, Petitioner had discovered in TCT. T-1812 that her first name and family name were misspelled as “TELEPORA” and “PARO-AN”, respectively, instead of her correct first name of “TELESFORA” as appeared in her Certificate of Live Birth and her family name of “PARO-AN” which is the correct spelling of the family name of her husband. Petitioner had also found out that her civil status was inadvertently entered in said title as “married” instead of “widow” as her husband, Joventino Lim Paro-an and long been died on October 24, 1993 when the subject TCT-T-1812 was registered on October 8, 2013 at the Register of Deeds of Tangub City;

The deal is subject to a third-party fairness valuation opinion by Multinational Investment Bancorporation, a financial institution duly accredited by the Philippine Stock Exchange.

The s a le of C hels e a Shipping to the Udenna group reverses Phoenix Petroleum’s acquisition of the unit in September 2012 in a move aimed at ensuring control of product supply while minimizing t h e p ot e nt i a l r i s k an d distribution disruptions due to scarcity of tanker vessels.

Phoenix Petroterminals is the developer of company’s industrial park in Calaca, Batangas. The 94-hectare property spans three barangays and hosts its biggest depot nationwide.

Davao City-based Phoenix Petroleum, is 41% owned by Phoenix Petroleum Holdings, Inc., although its effective parent is Udenna Corp., which directly or indirectly holds 59.06% of the company’s outstanding common equity as of end2015.

SHARE BUYBACK

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, excluding interest, penalties, and other charges, plus other 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:

RFM... from page 3

From its original business of flour milling, the company diversified into poultry and livestock production and areas of food manufacturing that includes flour-based products, milk and juices, canned and processed meat, ice cream and bottled mineral water.

RFM also operates nonfood businesses, which include barging services and leasing of commercial/office spaces that serve the internal requirement of the various operating divisions. (PNA)

Law...

from page 7

too small,” he explained, speaking partly in Filipino.

He cited an example the estate tax. “Sa estate tax, namatay yung depositor, ang problema pag may namatay na ang depositor at naglipat na ng bahay, ni hindi malalaman ng kanyang asawa at mga anak na may deposito pala ang asawa o tatay dun. Dito marapat pasok na buksan yun.”

Escudero said that once amendments to the bank secrecy or the mandatory waiver for public officials is passed, bank records automatically become accessible to the AMLC, BIR, the Securities and Exchange Commission and the Ombudsman.

“Now if they refuse to sign a waiver, then they don’t have a business being in government. In my view, anyon e w h o s e r ve s i n government has no right to say his account is secret,” he said.

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:

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

(Sgd.) LOVE M. VERDADERO Sheriff IV

LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739

BWM: Sept. 7, 14 & 21, 2016

CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

11

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

wednesday|september 7, 2016

Summit...

A major comp onent of the economic program is increased spending on infrastructure.

The completion of the DICT project is seen to help improve the logistics backbone of Mindanao’s economy, as well as create jobs in areas less progressive.

The government’s policy of dispersing economic activities to the countryside is very consistent with the DICT’s purposes.

One of the economic managers of the administration said, “Mindanao will be the main beneficiary of economic reforms. It is only an added factor that the President is from this island as well as the Speaker of the House (of Representatives Pantaleon Alvarez) and President of the Senate (Aquilino “Koko” Pimentel). The more important and substantial reason is that the island has the most headroom for growth.”

T h e DICT is complemented by a 70-hectare export processing zone and an 88-hectare mixed-use township in Panabo City.

Meanwhile, Alex Valoria, president and CEO of the Antonio Foirendo Group of Companies, said the expansion of the DICT increases its handling capacity from the current 300,000 twenty-foot equivalent units to 800,000 TEUs. “From two quay cranes, we now have four quay cranes, eight RTG (Rubber Tired Gantry) cranes and other various container handling equipment,” Valoria said in an interview.

The container port has an area of 11 hectares, backed

from page 1

deadly explosion.

During the summit’s opening rites, leaders of the 10 ASEAN MemberStates watched a cultural presentation and video of the regional bloc’s upcoming 50th anniversary celebration next year.

The event showcased the best of Southeast Asia, offering exquisite flavors of foods and diverse cultures a m i d a p l ay g r o u n d o f adventure and unparalleled beauty.

At t h e e n d o f t h e ceremony, t he national leaders were invited on stage to press the symbolic ASEAN@50 logos. (PNA)

Expansion... from page 1

by the Anflo Management a n d Inv e s t m e nt C or p.

(ANFLOCOR) to meet the logistical requirements of various businesses seen to grow in Mindanao.

In his speech, President Duterte recalled what his economics teacher had taught him -- that the constant theory is that “whether you export or import goods and services, you go always for the fastest, the safest, and the cheapest.”

The Philippine economy is expected to grow between 6.5 percent and 7.5 percent this year. This rate of growth is likely to continue into the medium term.

The Duter te administration offers a 10-point socioeconomic program intending to sustain both economic expansion and distribute wealth more evenly.

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region OFFICE OF THE CLERK EX-OFFICIO SHERIFF Tubod, Lanao del Norte NOTICE OF EXTRA – JUDICIAL SALE EJF NO.: 205-07-2016 Upon the Extra Judicial Petition for Sale UNDER ACT 3135/1508, as amended, filed by the MISAMIS BANK, INC., A Rural Bank kolambugan Lanao del Norte against Bienvenido L. Salac And Perlita R. Salac of Purok 2 Libertad, kolambugan, Lanao del Norte to satisfy the indebtedness which as of June 22, 2016 amounting to ONE HUNDRED TWELVE THOUSAND SEVEN HUNDRED ONE & 74/100 PESOS ONLY (Php 112, 701.74) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at Public Auction on 14th day of October 2016 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Provincial Capitol of Lanao del Norte, Pigcarangan, Tubod, Lanao del Norte to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit: TRANSFER CERTIFICATE OF TITLE No. T-23-234 A parcel of land with all the improvements thereon known as (Lot 7124-A. Csd-123508-00508, situated in the Barrion of Libertad, Municipality of Kolambugan, Province of Lanao del Norte, Island of Mindanao. Bounded on the NORTHEAST, SOUTH AND WEST along lines 1-23-4-5-6-7-1 and lot 7124-B, Csd-123508-005408. All points marked BL. Cy. Conc. Mons. Containing an area of FIVE HUNDRED FORTY SEVEN (547) SQUARE METERS, more or less. ‘’All sealed bids must be submitted to the undersigned on the above stated time and date.

In the event that the Public Auction cannot take place on the said date, it shall be held on October 24, 2016 without further notice.

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

up by a 15-hectare container yard. It is adjacent to a 70-hectare export-processing zone, whose locators will enjoy the benefits of duty-free importation of equipment and raw materials and income tax holiday.

There are nine shipping lines calling on the DICT -the American President Lines (APL), Maersk MCC, CMA CGM, Wan Hai Shipping Lines, Advance Container L ine s ( AC L ) , R e g iona l Container Lines (RCL), Pacific International Lines (PIL), Mariana Express Lines, and Cosco Shipping Lines.

Negotiations are ongoing for additional shipping lines, which are due to call on the DICT soon, said Valoria.

For m e r l y k n ow n a s San Vicente Terminal and Brokerage Services, Inc. (SVT), DICT has a long history in port operations, servicing the stevedoring and arrastre requirements of break bulk shipments of fresh produce like bananas and pineapples at the Tadeco wharf.

As an increasing volume of cargoes are being shipped via refrigerated containers, DICT transformed to become the industry leader in port logistics in Mindanao.

Offering world-class container terminal facilities and services in this heavily agricultural island region in the Philippines, the DICT helps ensure the global competitiveness of Mindanao’s export-grade products.

GDP... from page 1

its GDP growth from the current average of more than 6.0 percent to a range of 7.0 percent to above 8.0 percent in the next five years.

Mann said the 7.0 percent to above 8.0 percent GDP growth is an “achievable” economic expansion for the country if the government pushes for economic liberalization, and boosts public sector spending in infrastructure and human capital by investing in health and education.

“If you g row at 7.0 (percent), you’re doubling (your economy) every 10 years,” he noted.

The bank’s economist cited Vietnam’s easing of economy which opened doors for more foreign direct investments (FDIs) to enter its market -- making Vietnam a sweet spot in Asia.

He added that the ASEAN neighbor is proactive in attracting FDIs with the ease of doing business, lower costs of operation, right policy structure, and strong supply chain.

A Standard Chartered

OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF-2016-351 Upon extra-judicial petition for sale under Act. No. 3135 filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG FUND), mortgagee, with office at J.R. Borja St., Cagayan de Oro City, against KAREN B. MECLAT, mortgagor, married to Eduardo I. Meclat, Jr., both of legal age, Filipino citizens with postal address at P 4 Basilisa Remedios T. Romualdez, Agusan del Norte 8611, to satisfy the mortgagee indebtedness which as of July 4, 2016, amounts to SEVEN THOUSAND SIX HUNDRED FIVE PESOS & 30/100 (P 777,605.30), inclusive of interest and penalty charges, the undersigned or her duly authorized deputy will sell at public auction on OCTOBER 6, 2016 at 10:00 A.M. or soon thereafter at the Office of the Clerk of Court, Regional Trial Court, Branch 17, Tourism BLDG., City Hall, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency the following property with all improvements, to wit:

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

Tourism... from page 1

Developing the already existing tourist destinations and discovering potential sites have remained a p r i o r i t y o f E m a n o’s administration, he said. “ We w i l l c o n t i n u e with the development of our tourist sites, we will continue creating packages, and we will continue in our promotion of Misamis O r i e nt a l ,” E m a n o t o l d reporters in an interview right after the opening of the Tourism Week opening ceremony at the provincial

LOT : Lot 21, Blk 24, Psd-10-060565 PORTION OF LOT : Block 10, Psd-042845 AS SURVEYED FOR : First Lapu-Lapu Properties & Holdings Corp.

(LESSANDRA Subd.)

LAND USE : Residential LOCATION : Lumbia, Cagayan de Oro City BOUNDARIES : NW., along line 1-2 by Lot 22,

Block 24, Pssd-10 060565;………….xxxx.

AREA : Forty (40) square meters, more

Or less All sealed bids must be submitted to the undersigned on the abovestated date, time and place.

In the event the public auction should not take place on the said date for whatever reason, the public auction will proceed on the next working day, without further notice, posting and publication.

Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon, if any there be.

August 22, 2016, Cagayan de Oro City.

BWM: Sept. 7, 14 & 21, 2016

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

capitol grounds Monday morning.

Defying political lines, he said, many local government officials are now supporting the tourism-boosting effort of the province.

He said the target of the Duterte government is to have at least 3 million foreign tourists visiting the country.

“Even if Misamis Oriental and Cagayan de Oro will get only a fourth of that (3 million), it will g r e at l y h e l p o u r l o c a l economy,” Emano said.

S o far, t he prov ince boasts of several major tourist destinations, including two hot springs, t wo w h ite isl ands, and dozens of waterfalls.

Last year, the provincial government has allocated P50 million for tourism sourced from the 20 percent development fund, he added.

Hurst... from page 4

for His gift of forgiveness for living our own way. Then, ask Him to take charge of our new life so we can start living His right way every day for the rest of our life in this location, as well as forever with Him in our permanent location. So if your life ended today, do you know where you would relocate? Just Think a Minute…

Republic of the Philippines REGIONA TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City Branch 40 OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE EJF File No. 2016-383 Upon Extra-Judicial petition for sale under Act 3135 as amended filed by BALIKATAN PROPERTY HOLDINGS, INC., mortgagee, with postal address at 23/F RCBC Savings Bank Corporate Center, 26th & 25th Streets, Bonifacio South, Bonifacio Global City, Taguig City against EMILDA B. OCO, mortgagor/s, of legal age/s, Filipino/s with known address at Villa Candida Subd., Barangay Bulua, Cagayan de Oro City, to satisfy the mortgaged indebtedness which was as of July 20,2016 amounts to TWO HUNDRED FORTY ONE THOUSAND SEVEN HUNDRED FORTY EIGHT PESOS AND 76/100 (P 241,748.86) Philippine Currency excluding interest, penalty charges, attorney’s fees and expenses of foreclosure, the undersigned sheriff will sell at public auction on September 23,2016, at 10:00 a.m. or soon thereafter at the RTC Branch 40 office, Capitol Compound, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the herein described properties and all existing and future improvements thereon to wit-

TRANSFER CERTIFICATE OF TITLE NO. 137-2014003770

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

survey also showed that investors prefer Vietnam and Cambodia, respectively, as their next location if they plan to move capacity out of China.

The Philippines is also in the list of investment d e s t i n at i ons , but it i s behind Vietnam, Cambodia, Bangladesh, Thailand, and India.

Despite the economic restrictions, the initial GDP growth projection of Standard Chartered for the Philippines this year is at 6.4 percent, higher than Vietnam’s forecast of 6.0 percent.

Mann noted that Standard Chartered has revised GDP forecasts for the Philippines from 6.4 percent to 6.8 percent by end-2016 and from 6.6 percent to 6.7 percent by end-2017. (PNA)

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 1Oth Judicial Region Branch 17 Cagayan de Oro City

The President said the biggest to rise in Davao were the ANFLOCOR and the DICT. As such, he thanked both companies “for giving back the profit through the years, plowing it back into some enterprises and has now provided job opportunities and other businesses.” (PNA)

TRANSFER CERTIFICATE OF TITLE NO. T-80235 REGISTERED IN THE NAME OF EMILDA BACULIO OCO A PARCEL OF LAND (Lot 20,Block 14, Psd-104305-017783, being a portion of Lot Block 22, Psd-10-015484), situated in the barrio of Bulua, City of Cagayan de Oro, Island of Mindanao.Bounded on x xx, Beginning at x xx; Cad-237, Cagayan Cadastre, Containing an area of ONE HUNDRED (100) SQUARE METERS more or less, and all other improvements thereon.

Prospective buyers/bidders may investigate for themselves the title of the herein described property and encumbrance thereon, if any there be.

All sealed bids must be submitted to the undersigned on the above stated time and date.

In the event the public auction should not take place on the said date, it shall be on the next working day without any further notice.

Cagayan de Oro City, August 15, 2016.

FOR THE PROVINCIAL EX-OFFICIO SHERIFF:

(Sgd.) ALAN M. BANAAG Sheriff IV

BWM: Aug. 24, 31 & Sept. 7, 2016

BusinessWeek MINDANAO www.businessweekmindanao.com

Feature

Wednesday | September 7, 2016

12

Municipality of Opol celebrates 3rd grandiose Ostrich Festival 2016 - with newly crowned Miss Opol 2016-Ambassadress of Goodwill/Miss Mindanao Daily News with Miss Opol Tourism 2016 and Miss Opol Ostrich Festival Queen

S

By Joe Palabao - Tourism Feature Editor

even (7) contingents coming from the schools of the Municipality Opol, Misamis Oriental competed during the 3rd Grandiose Ostrich Festival 2016 last Monday, September 5, 2016 commemorating the Feast Day of the Blessed Virgin Mary-Mother and Protector of their beloved town.

Clad in their best festival costumes, the contingents have shown their best for the spectators and the Opolanons who witnessed the street dancing and the tableau competition. DeclaredGrand Champion of the grandiose festival was the contingent coming from Luyong Bonbon Elementary School; followed by Igpit Elementary

School, Patag Elementary School, Barra Elementary School and Opol Central School and the Junior and Senior High School contingents coming Opol National Secondary Technical School.

Ostrich Festival which is considered as one of kind festival in the Region of which the Municipality of Opol gives importance

of the presence of the largest Ostrich farm in the country today.

Thousands of these big fowl birds-the with 8-foot flightless yet swift-running African birds can be found in none other than Tablizo’s beautiful farm in the village of Malanang –a progressive barangay of Opol.

It is now a tourism destination wherein we can see the biggest and

Newly-crowned Miss Opol 2016 Erika Glaiza Tablizo and her court (from left) second runnerup Marriah Caudor, Miss Opol Tourism 2016 Jerah Kate Selim, Miss Opol Ostrich Festival 2016 Jenny Yungod and first runner-up Maika Louisse Vacalares. photo by mark francisco

the largest bird in the world.

Indeed fate has chosen Barangay Malanang to be shining in this year’s festivities as the Ostrich Farm is situated at their village.

This year MISS OPOL 2016 the beautiful and talented Erika Glaiza Tablizo is also from Malanang herself, and was announced as the Ambassadress of Goodwill by no other than the Vice Mayor Chizarina Ortigoza to promote all the developmental activities of the town.

Incidentally, Miss Opol 2016 Erika Glaiza Tablizo is this year’s Miss Mindanao Daily News as all her promotion activities will be featured by this known newspaper in Mindanao today in coordination with the

Local Government Unit of Opoil.

Joining with her work as Ambassadress of Goodwill 2016 of Opol are the equally beautiful and talented Miss Opol Tourism 2016 Jerah Kate Selim and the Miss Opol Ostrich Festival Queen 2016.

They will give good public image to the LGU in Northern Mindanaothe whole of Mindanao and the country as well.

In an interview , Tourism Officer Designate Engr.

Roland B. Cainhog told Business Week Mindanao that in 2015, under the able leadership of Mayor Maximino Seno instituted an annual prestigious Ostrich Festival to give homage to the unique tourist spot found only in their beautiful and

progressive town.

With the spur of developments and presence of big businesses in the town: Opol will surely become municipality to watch in the region and the development of its tourism industry.

Contributing to the success of the Ostrich Festival 2016 are the following: AT Builders & General Merchandise, TKC Industries, Philippine Ostrich & Crocodile Farm, Regent Foods Corporation, CDO Royal Daichi Food Corporation, Dahilayan Adventure Park, Panagatan Restaurant, C-One Trading, 2GO Travel, Dean Paguia, San Miguel Corporation, MORESCO-1, El Bonita Boutique and ABERDI. MABUHAY ANG MGA OPOLANONS!