BusinessWeek MINDANAO CREDIBLE
Volume VIII, No. 40
Market Indicators
As of 6:00 pm September 7, 2017 (thursday)
FOREX
PHISIX
US$1 = P51.023
8,022.98
X X Briefly
11.3
39.01
cents
points
Vis-Min power grid THE Energy Regulatory Commission (ERC) has granted provisional authority to the National Grid Corp. of the Philippines (NGCP) to implement the interconnection between the Visayas and Mindanao power grids for around P51.7 billion. ERC’s initial approval deepens the tug-of-war between the privately owned grid operator and state agency National Transmission Corp. (TransCo), which is also proposing to handle the project. “The provisional approval granted to NGCP to implement the VisayasMindanao Interconnection Project will enable power supply importations among the Luzon, Visayas, and Mindanao grids,” said ERC Commissioner Alfredo J. Non in a statement on Tuesday. The project covers the linking of the power grids via Cebu and Dipolog City as the landing points of the undersea cable. The converter stations in Visayas and Mindanao will be located in Sibonga, Cebu and Aurora, Zamboanga del Sur, respectively.
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PCCI promotes CDO as major investment site www.businessweekmindanao.com
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By MARK FRANCISCO, Staff Writer
HE Phi lippine C hamb er of Commerce and Industry (PCCI) yesterday announced it has been pushing Cagayan de Oro City as a primary investment hub to foreign investors.
Philippine Chamber of Commerce and Industries (PCCI) president George Barcelon speaks during the opening of the 26th Mindanao Business Conference yesterday at Xavier Sports and Country Club in Cagayan de Oro City. photo by mark francisco
During t he op ening plenary of the three-day 26th Mindanao Business Conference (MinBizCon) which started yesterday, Philippine Chamber of Commerce and Industry (PCCI) president George Barcelon said a team of highlevel entrepreneurs from Singapore is set to visit Mindanao next month to
scout for possible investment opportunities. Barcelon said that Cagayan de Oro City is the fastest growing urban center on the island and would be the first on PCCI’s list as investment sites to be submitted to the Singaporean delegation. “Cagayan de Oro is an example of excellence. It is the seventh most competitive city
in the country. I am a witness of Cagayan de Oro evolving over time with tremendous opportunities for further growth. Real estate developers such as the Ayalas, the Sys, have made their mark here,” Barcelon told the more than a thousand participants of the largest gathering of business stakeholders in Mindanao being held at the Xavier Sports and Country Club in this city. As one of the events of PCCI, all agreements and re c om m e n d at i on s t h at will wrap up in the 26th MinBizCon will be discussed in the bigger 43rd Philippine promotes/PAGE 11
Lower House asked to reconsider ERC budget By MYRNA M. VELASCO, Contributor
The chairman of the Senate committee on energ y has asked the House of Representatives to rethink and re-evaluate the “big picture knock-on effect” of its decision on radically cutting the 2018 budget of the Energy Regulator y Commission
Teen pregnancy rate in 4 Misor towns up THE teenage pregnancy rate in four Misamis Oriental municipalities has risen, according to Gov. Yevgeny Vincente Emano. Along this line, Emano said during the weekly Capitol flag raising ceremony that the provincial government in cooperation with the Population Commission (Popcom) will create teen centers in the affected towns of Lugait, Magsaysay, Lagonglong and Alubijid. The governor said the teen center will function as a space for the youth to express themselves. In an earlier interview, Emano announced that the provincial government would request the Sangguniang Panlalawigan (SP) to set aside budget of P100,000 for the construction of each teen center or a total of P400,000. (M. FRANCISCO)
P15.00
Friday | September 8, 2017
(ERC), noting that such could trigger industry paralysis of the restructured electricity sector. S e n at or S h e r w i n T. Gatchalian, who chairs the Senate energy committee, primarily cautioned budget/PAGE 11
NIGH CAFÉ. A group of teenagers in Balingasag, Misamis Oriental, enjoy the beauty of a sunset over Macajalar Bay. The municipal government has opened a night café event every Friday and Saturday evening serving food and entertainment to patrons. This regular activity has been drawing visitors from neighboring towns in the province. photo by gerry lee gorit
Normin’s livestock industry needs to be at pace with Asean standards By MARK FRANCISCO, Staff Writer
THE Board of Investments (BOI) is looking for ways to elevate the livestock industry of Northern Mindanao at par with Association of
Southeast Asian Nations (Asean) standards. In this era of Asean integration, BOI Investment Assistance Service director
Raul Angeles said that the prolific livestock industry of Region 10 is a potential export that must first be competitive with its Southeast Asian neighbors. livestock/PAGE 11
Cleaning fresh tuna catch at the GenSan fish port. mindanews file photo by bobby timonera
Tuna museum pushed By MINDANEWS
GENERAL Santos City – The Philippine Fisheries and Development Authority (PFDA) is pushing for the
development of a museum that will showcase the city’s thriving tuna industry. museum/PAGE 11
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Economy
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Oro solons pushes for city metropolis MisOr cites impact
C
AGAYAN de Oro city legislators are moving to fast track the development of the city as a metropolis. During the regular session on September 5 headed by Vice Mayor Raineir Joaquin V. Uy, the City Council adopted a resolution urging the National Economic and Development Authority (NEDA) Region 10 and Regional Development Council (RDC) to spearhead the initiative for the establishment of Metropolitan Cagayan de Oro. The resolution was filed by Councilor Ian Mark Nacaya, chair of the committee
on planning and development. According to the councilor, he personally visited the office of NEDA Regional Director Leon Dacanay and discussed with some technical and planning division personnel the announcement of President Duterte that Cagayan de Oro will be the 4th metropolitan center in the country, following the ranks of Metro Manila, Metro Cebu, and Metro Davao. It was learned that this is contained in the draft of the Philippine Development Plan (PDP) 2017-2022. Councilor Nacaya said that before the Duterte administration,
there was already a plan to establish Metro Cagayan de Oro but this did not push through. He said the RDC and NEDA should take the lead in seeing to it that the city will be established as a metropolitan center not later than 2032, based on projections. “We need leadership,” he stressed, citing the crucial role of the two government agencies in fast tracking the plan. Councilor Nacaya said that to be a metropolis, the city will also need other municipalities. According to reports, Metro Cagayan de Oro will consist of Cagayan
de Oro City and other municipalities like Jasaan, Villanueva, Tagoloan, Claveria, Opol, El Salvador, Alubijid, Laguindingan and Gitagum in Misamis Oriental; Libona, Manolo Fortich, Talakag, Baungon, Malitbog and Sumilao in Bukidnon. Vice Mayor Uy said if the city wants to establish Cagayan de Oro as a metropolis, adjacent towns should also grow the natural way. “It’s in our hands, not just the officials but also all the people of Cagayan de Oro and those in Northern Mindanao,” the vice mayor stressed. (SP)
of agri programs THE Misamis Oriental Provincial Agriculture Office in Misamis Oriental (MOPAO) released some P58 million worth of projects to local farmers in the province from January to August 2017, Governor Yevgeny Vincente Emano said on Tuesday. Dr. Benjamin Resma, MOPAO chief, said these projects include the distribution of seedlings and fingerlings to farmers and fisherfolk, as well as for farm and fishing equipment and irrigation facilities to improve production output. “We dispersed tilapia fingerlings for our fishery production. Aside from
these, we are also able to give molasses to these farmers who are into organic farming,” Dr. Resma said. MOPAO also provided technical support services, such as the conduct of trainings with 879 farmerbeneficiaries in the field of agriculture and fishery. This included sending farmers to field schools to acquire new techniques in rice and corn production. An amount of P30 million, meanwhile, was allocated to help farmers combat rat infestation and ease the burden brought by flash flood crop damage. impact/PAGE 10
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IPP Roadshow in CDO. BOI Investment Assistance Service Executive Director Raul Angeles presents the 2017 Investment Priorities Plan (IPP) during the IPP Roadshow in Cagayan de Oro on 06 September 2017. The roadshow is part of BOI’s advocacy to promote the 2017 IPP around the country. (APB/PIA-10)
CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011
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Feature
XU Hosts 15th Philippine-Spanish Friendship Day National Conference Text and photos by Mike Baños
F
or just the second time, Northern Mindanao again hosted an event marking the annual Philippine-Spanish Friendship Day. The 15th PhilippineSpanish Friendship Day National Conference was hosted by Xavier University-Ateneo de Cagayan, Department of History/International Studies/Political Science and National Historical Commission of the Philippines (NHCP) in partnership with the Ateneo Historical Society, Ateneo Diplomatic Corps, Xavier Center for Culture and the Arts, COAS-ASEA Region, Commission on Higher
Education –X, Office of International Cooperation and Networking, and the Cagayan de Oro Historical and Cultural Commission. The theme for the day-long event was “Legacy and Diplomacy, Celebrating Historical and Modern Ties between the Philippines and Spain.” In his opening remarks, Fr. Roberto Yap, S.J,, XU president, cited Fr. Horacio dela Costa’s 1975 essay In a 1975 essay, “The Filipino: Identikit,” describing how the
Philippines is (still) in the process of becoming a nation. “We must steel ourselves against the shock of finding ourselves in our part of the world a nation of Malay stock, socially structured on a basically Indonesian pattern, obviously the recipient of a large infusion of Chinese blood and attitudes, yet with a cultural heritage in part Spanish, in part Anglo-Saxon; for this nation will be ourselves.” “The concept of hybridity has continued to trouble Filipinos, who labor under the false impression that it simply implies the blend of two different species, resulting in a “mongrel” culture,”
Fr. Yap noted. “A mongrel, mixed-breed dog or mutt is a dog that does not belong to one recognized breed and is not the result of intentional breeding. In reference to persons, mongrel denotes offensively a person of mixed descent.” However, he further explained how hybridity can result in a new species that is both stronger and more adapted to a different environment and result in a people more resilient and more diverse. De la Costa, the first Filipino who became Provincial Superior of the Jesuits and a well known historian, wrote, “On the part of the
XU Pres Roberto Yap SJ gives his opening remarks
national community, an effective willingness not only to accept but to welcome pluralism … we should make it perfectly clear to ourselves that our indigenous culture has been modified by techniques, attitudes, and insights derived from cultures other than our own … and that this contribution is truly an enrichment, not a negation or distortion, of our national values. Diversity
is indeed the essence of our culture.” “Our friendship with Spain has certainly enriched us as Filipinos,” Fr. Yap said. “De la Costa significantly observes that: “(i)t was through the mediation of Spain that the ideas of human equality, civic freedom and the rule of law, ideas Hellenic and Christian in origin, became an integral part of Philippine culture.” conference/PAGE 10
Catalina H. Gaite fields a question from the floor as Andres Narros Lluch listens in during the open forum.
Presenters Lizele Mae Satur, Maria Janua Cunanan and Lee Ahthony Neri listen attentively to a question from the floor.
CDO Developer to Build Socialized Housing Projects Italpinas Development Corporation, a publicly listed property developer in Cagayan de Oro, recently signed an agreement with Gawad Kalinga for its socialized housing project in Batangas. Under the project, IDC will build 102 houses that will amount close to half million USD. As a developer, IDC designs eco-friendly lifestyle solutions and incorporate them into energy-smart buildings. Romolo Nati, chief executive officer and chairman of IDC, said that this design and development philosophy can also be applied to socialized housing. “IDC plans to integrate green design to our socialized housing project. Hopefully, we can also help in the design of Gawad Kalinga’s other housing projects in the future,” he added. Gawad Kalinga, a community
development foundation based in the Philippines, implements projects that aim to respond to the call for nation building and volunteerism. Among its programs are shelter, health, education and livelihood geared towards an integrated, holistic and sustainable development. “We are happy to be partnering with Gawad Kalinga as IDC shares the same goal with the foundation in promoting and providing sustainable development across the country,” Nati said. “It is a pleasure to collaborate with IDC. We look forward to do this and more projects together. The idea of applying green concepts in socialized housing is exciting and promising. We thank IDC for choosing Gawad Kalinga as our partner for this project,” housing/PAGE 10
An SRO crowd for the conference
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Opinion
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Win with words think a minute
jhan tiafau hurst Think a minute…A famous man said, “Words are the most powerful drug used by mankind. Words are like nitroglycerine: they can blow up bridges—or heal hearts.” It just depends on how you use them: as a weapon to hurt or a tool to help. Our tongue really does have the power of l i f e a n d d e at h . Word s have brought peace or war between nations; life and death to millions. Words can either make or break the reputations and careers of people. So an important secret to success is learning how to use our words well, to say the right thing at the right time in the right way. Yet sometimes, the best statement we can make is our silence. It’s also a hard argument to beat. Occasionally, the only way
to be heard is to be quiet. Those who have the most to say usually say it with the fewest words. It’s the wise, successful person who says more by talking less. Remember, “You’ll almost never hurt yourself by what you don’t say. It’s when the fish opens his mouth that he gets caught.” So a good rule to follow is: “Don’t speak unless you can improve on the silence.” You can often tell more about a person by what they say about others than by what others say about them. The reason we enjoy talking about the faults of others is so we can feel better about our own faults. You see what you want to see and say what you want to say. It’s out of our heart that our words come. But remember that a good word is as easy to say as a bad one. In fact, if we’re smart, we’ll “keep our words soft and sweet, because we may have to eat them.” Gentle words may fall lightly, but they carry great weight. So the sooner we learn to use our words well, to build others up instead of tearing them down, the sooner we’ll start enjoying success and happier relationships. But win/PAGE 10
Ruffy magbanua YESTERDAY’s opening of the 26th Minbizcon at the iconic Xavier Sports and Country Club has set the tone for today’s range of topics only a gathering of this magnitude could spell a difference for Mindanao’s future as the countr y’s emerging economic firepower in the decade or so. That is, if the
current administration’s Dutertenomics could be able to lay a ground work that would translate simple rhetoric to plausible course of action. Pregnant with web after web of economic blueprints, this island of long-time discord does not need, in any manner whatsoever, Imperial Manila’s so, so economic think-thank. Mindanao today is awash with human wealth as reflected in the attendance of this year’s convergence of business leaders from the four corners of the island. Ye t t h at i s n o t t h e threshold. Let’s take a quick look at the numbers. The poorest of the poor comes from Mindanao. Four out of the top five poorest regions in the country are in Mindanao.
Region IX (Zamboanga Pe n i n s u l a ) , R e g i o n X ( Nor t h e r n M i n d an a o ) , Region XII (Soccsksargen), Region XIII (Caraga), and the Autonomous Region in Muslim Mindanao (ARMM) registered poverty incidence above 3 percent in 2015. Ironically, Region XI, President Duterte’s region had a poverty incidence of 26.7 percent. ARMM, where Lanao del Sur is located, is the poorest region with at least 59 per cent of its 3,781,387 population living below the poverty threshold. The widespread poverty in Mindanao is also evident in the fact that eight out of the 10 poorest provinces in 2016 in the country were from Mindanao. While considered poorest in 2006 and 2009,
Z a m b o a n g a d e l No r t e managed to improve. It dropped to 5th place in 2012 and then to 8th spot in 2015. This is not the case with Lanao del Sur where Marawi City – the center of the clashes between government forces and the Maute Group – is located. The p ove r t y r ate i n the province, which has a population of 1.05 million, drastically rose in the past decade. From just 44 percent in 2006, 74.3 per cent of residents in Lanao del Sur lived below the poverty threshold in 2015, making it the poorest among all provinces in the country. The poverty problem exists despite Mindanao’s vast natural resources, untapped opportunities/PAGE 10
Hurricane Irma in US packs winds of 555 kph Kakampi mo ang batas
Batas Mauricio LIFE’S INSPIRATIONS: “…`Therefore everyone who hears these words of mine and puts them into practice is… a wise man... The rain came down, the streams rose, and the winds blew… yet it did not fall… But everyone who hears these words of mine and does not put them into practice is… a foolish man… The rain came down, the streams rose, and the winds blew and beat against that house, and it fell with a great crash’...” (Jesus, our God and Savior, in Matthew 7:24-27,
the Holy Bible). -ooo HURRICANE IRMA PACKS 555 KPH WINDS: Every American in the US mainland is once again shaking in fear on account of Hurricane Irma, a super typhoon which packs winds of up to 185 miles per hour, or 555 kilometers per hour. The whole of the American continent is still reeling from the impact of Hurrricane Harvey which visited with much death and destruction l ast we ek, yet anot her calamity has come. According to reports, there is now a severe shortage of gasoline and other petroleum products, including basic necessities such as water and food, as Americans are scrambling one over the other to stock up on these items, for their use while Hurricane Irma is roaring through their cities, or even after it blows over. Many are also leaving their houses and evacuating
to areas that would not be hit by the Category 5 typhoon. What is truly sad here, however, is that, there is no news whatsoever about efforts on the part of Americans who are to be directly hit by the storm to ask God for deliverance. Either they have forgotten the power of God to stop typhoons and other natural calamities, or, perhaps, many no longer believe that there is a God who has the power to save them. -ooo STRONGER AND DEADLIER TYPHOONS STILL TO COME: As the examples of Hur r icane Harvey and Hurricane Irma are showing, more very strong typhoons are to come to US and in other parts of the world. These typhoons will pack stronger wind strength, and would therefore cause more destruction and death in their paths. And if we go by the
examples of the typhoons that came in the past, it would not be difficult to see that there is really nothing that man could do to stop these calamities from coming, and there is nothing they could also do to soften the damage and deadly results occasioned by them. Indeed, there is no human invention yet that could fight off deadly environmental tantrums, and this is true anywhere else in the world. At best, man can only sit silently and idly by, while calamities roar through the earth. Then, too, man can only wait, until the storms calm down once more. -ooo JESUS WARNED OF THE COMING OF RAINS, FLOODS, WINDS: Be that as it may, may I repeat that the arrival of rains, floods, and strong winds have been prophesied by Jesus, our God and Savior, thousands of years hurricane/PAGE 10
The 4-day workweek plan hints and traces
roy cimagala If this plan gets approved and implemented, I hope that we use it to be more productive and fruitful and not just to spend more time doing hardly anything. The shortening of the workweek is intended for us to give time to other important duties we have. One of them is the time we have to spend with our family. How important it is to spend quality time with the children and other members of the family since that would somehow redound to the benefit of the individual
persons involved and of society in general! A strong, healthy family practically determines the vitality of our society. A dysfunctional family leads to a dysfunctional society. We need to do everything to make family life vibrant, a continuing source of constructive and edifying energies for the society. Let’s be quick to identify areas in family life that still need to be improved. There may even be problems there that need to be resolved. We should try to be concrete and specific in this so that we don’t waste time in doing what ought to be done. Another set of responsibilities that we have to give attention to is that of our continuing formation and training. Especially these days when the character of the professional work is fast changing due to the rapid developments taking place, we need to see to it that we
continue in our studies and training to be able to cope with the changes and the new challenges and opportunities. We are told that our formation actually never ends. There is always something new to learn. And we should dedicate some time for this purpose. In this regard, it is not really so much of getting as much information and training as of focusing on the area where our talents and potentials can be optimized. But obviously, we need to be more broad-minded and culturally open and tolerant, and so we need to get exposed to other areas that may not be where we would be directly involved in. We should avoid getting siloed in a particular area or system. We should try our best to be as compatible as possible with all other systems. But the most important area where we should pay attention to is our continuing spiritual and moral formation. This is like the computer’s
operating system that enables us to function in all the other aspects of our life. We cannot overemphasize the importance of this area. The aim is nothing less than to be “alter Christus, ipse Christus,” another Christ, if not Christ himself. That’s because in Christ we have everything we need to be able to handle all the situations, predicaments, issues, challenges and opportunities in life. It is in Christ where we have the means to get to our ultimate and eternal destination. The more time we can have to pray and to go deeper into the study of the doctrine of our faith, the development of the many virtues, the recourse of the sacraments, and to indulge in more devotional and pious acts, the better for us. We should welcome the 4-day workweek plan if we use the extra time for these considerations we just made! roycimagala@gmail.com
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CorporateWorld
Davao power coop collections improve with flexi-payment
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HE Davao del Norte Electric Cooperative Inc. (Daneco), under the National Electrification Administration (NEA), has improved its collection over the past three months since it began offering a flexible payment scheme to member-consumers having difficulty in paying their energy bills and facing disconnection. In a news release issued Tuesday, Rey Nagar, Task Force DuterteNorthern Davao Power Board Director, reported that Daneco’s monthly collection has reached P350 million since May, a P60 million increase from the P290 million collection in April, after the “balik loob” program, aimed at giving delinquent Daneco member-consumer-owners (MCOs) a chance to settle their past due electricity bills -- was intensified in May. “What we did was to make a policy whereby the consumer makes a 15 percent down payment
and the 85 percent of the total amount due is restructured up to two years. Unfortunately, we have to accept the fact that because of the huge debt of some of our MCOs, some will not be able to pay (them),” Nagar said. However, those who
refuse to settle their accounts, particularly those with unpaid electricity bills worth at least P100,000, will be made to face appropriate legal actions after receiving a demand letter from the electric cooperative, Nagar said.
He said that in Tagum alone, about 11,000 households have unsettled electricity bills. Meanwhile, NEA Administrator Edgardo Masongsong praised the efforts of Daneco-NEA, which he said will soon be called the Northern
Davao Light and Power Cooperative, for “their creativity in coming up with an initiative to lure back former consumers and taking bold steps to address the problems besetting the electric cooperative.” Daneco covers the
provinces of Davao del Norte and Compostela Valley, including the cities of Tagum and Island Garden City of Samal, serving 162,000 MCOs. The electric cooperative also provides electricity to 16 municipalities. (NEA PR)
STATE-run Social Security System (SSS) is fully supportive of the “Build, Build, Build” program of President Rodrigo Duterte’s administration, which aims to maintain a 6.0 percent to 7.0 percent economic growth until 2022 through massive infrastructure projects. Social Security Commission Chairman Amado Valdez said the state-run pension fund will support the programs under “Duterte Nomics”, an economic strategy that aims to ensure economic inclusion of all Filipinos by dramatically raising funds, a large
part of which through the proposed tax reform program. “As the current administration plans to spend some P8.4 trillion on its unprecedented infrastructure program, SSS is expressing its support to this program. In fact, SSS is planning to invest in PublicPrivate Partnership (PPP) programs such as road projects and tollways as it would generate a lifetime income for the pension fund,” Valdez said. SSS President and Chief Executive Officer Emmanuel Dooc said SSS investments in PPP
projects would be feasible once the proposal for the SS Charter Amendment pushes through in the upper chamber, bi-cam and hopefully signed by President Duterte. “Under the proposed charter amendment dubbed as the Social Security Reform Act of 2017, powers and responsibilities of the SSC will be rationalized allowing it to widen its investment opportunities for better fund returns,” said Dooc. Dooc added that the current 20-year old Social Security Act of 1997 limits the SSC’s
power to invest its reserve fund in infrastructure projects, foreign currency-denominated investments, government financial institutions and corporations, housing, private securities, real estate, short- and medium-term member loans. “Dutertenomics,” is Duterte’s economic strategy to dramatically raise funds — in large part through his proposed tax reform program — and spend big on infrastructure, human capital formation and social protection to sustain the growth momentum,
attract investments and create jobs. Based on estimates done by the National Economic and Development Authority (NEDA), the “Build, Build, Build” program is expected to generate 106,824 additional jobs this year; 823,696 jobs in 2018; 1,115,999 jobs in 2019; 1,228,964 jobs in 2020; 1,399,463 jobs in 2021; and 1,705,021 jobs in 2022. “Healthy economic performance will lead to better business for the employers that will eventually be translated to their employees, sss/PAGE 10
SSS mulls investment in infra projects
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THE FRATERNAL ORDER OF (Philippine
)
First Philippine Born Fraternal Socio-Civiv Organization
MACAJALAR
CLUB Chartered: November 28, 2009
9th GENERAL MEMBERSHIP MEETING & INDUCTION OF NEW MEMBERS
Grand Caprice Restaurant Limketkai, Cagayan de Oro City September 1, 2017 6:00 PM, Friday
CLUB OFFICERS E.Y. 2017 PRESIDENT: VICE PRESIDENT: SECRETARY: ASST. SECRETARY: TREASURER: ASST. TREASURER: AUDITOR: PROTOCOL OFFICER I: PROTOCOL OFFICER II: ASSEMBYMAN:
CHRIS FERNANDEZ PABLITO SAROMINEZ GERALD GARRIDO FLORENCE EMBUDO RAYMUND TINGABNGAB JAIME CUNADO REY CASINO VICTOR COLITA LEMUEL CEBALLOS NESTOR CASINO ROBERT CORCINO
BOARD OF DIRECTOR:
MARCUN LAGAMON PETER ROSARIO RAYMUND ALVAREZ SERVIL PONTINOPLE ANTHONY MARVIN PONCE DE LEON JON CALONIA JOWI SESANO JUDE MADRID PERCY DABUET RICKY SARSOSA
MABUHAY ANG AGILA! MABUHAY ANG MACAJALAR EAGLES CLUB XURE NA! DIGNITARIES ERLQUIN LIM (National Executive Vice President)
CONRADO “anjun” R. GOMEZ, JR. (Governor, NMR-1 Eagle Yr. 2017)
ANDY T. PAUROM (PEIL Director, NMR-1)
MAXIMO “dondon” ALLORIN (Past Governor, NMR-1 Eagle Yr. 2014 & 2016)
GUALBERTO “toto” CORTEZ (Past Governor, NMR-1 Eagle Yr. 2015)
Engr. TED BUENAVISTA – Keynote Speaker Regional Director, National Communication Commission)
REYNALDO YOGI HEMBRADOR (Regional Treasurer, NMR-1)
KARL C. UGSOD (National Executive Secretary)
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7
Banking&Finance
Insurance exec optimistic on insurance growth in PH
A
N official of an insurance company is optimistic on the continued rise of insurance penetration in the Philippines as industry players vie to open more access points for the masses to avail insurance products. Pioneer Life Inc. President and CEO Lorenzo Chan Jr. told reporters Wednesday that Filipinos are now more educated in terms of their financial knowhow but are still afraid to get insurance, given misconceptions that it is similar to pre-need products. He stressed the need for companies to help in further educating the people to make them understand the difference between insurance and pre-need products as well as the importance of having insurance to protect their lives. The Insurance Commission (IC) expects penetration of microinsurance, in particular, to hit 48.7 percent by mid-2022 after its rise to 25.4 percent as of end-September 2016. At the end of the third quarter last year, life insurance covered about 7.5 million people or about 29 percent of the total microinsured while the non-life insurance sector accounted for about 12 percent, covering around
3.1 million. On Wednesday, Pioneer and Sy-led BDO Insurance Brokers Inc. (BDOI) launched their tie-up, which allows Filipinos to buy Pioneer’s insurance coverage for dengue fever and travel as well as on Compulsory Third-Party Liability (CTPL) in all 56 SM branches nationwide. Chan said they measure their business’ achievements not on the growth of products sales per se but on the number of lives that would be covered by the products. “I think we’d be very, very pleased if we have at least a million number of lives (covered in the first year partnership with SM),” he said, citing that as of end-2016 Pioneer processed 18 million applications for insurance renewals. Chan pointed out that with the Philippines’ more than 100 million population “there’s a big market out there.” He said around 80 million Filipinos belong to the masses and Pioneer is targeting them to avail of the company’s retail insurance products. “We’re looking at a few million of people on the onset. Of course we just launched it this year so we’re hoping to gear up for next year,” he said. BDOI General Manager and SVP Tracy Tan, during the same event, said the optimistic/PAGE 10
ENERGY FIRM CITED FOR ENVIRONMENTAL INITIATIVES – Power producer STEAG State Power Inc. (SPI) receives a plaque of recognition from the Philippine Coast Guard Auxiliary (PCGA) for the company’s efforts in pursuing maritime environmental protection and conservation initiatives in Misamis Oriental. SPI environment officer Francis Libao received the citation from District Commodore Gilbert Gille on the occasion of PCGA’s 25th-year anniversary celebration held recently in Cagayan de Oro City.
BSP ready to ‘neutralize’ speculative peso trading THE Bangko Sentral ng Pilipinas (BSP) will not tolerate speculators who seek to make wide margins from excessive swings in peso trading, its chief said, noting that the central bank will stop such attempts. “[T]he BSP stands ready to intervene and neutralize the activity of speculators so they don’t define the market. They can’t be allowed to distort price discovery in
search of quick profits by promoting exaggerated price movements and instability,” BSP Governor Nestor A. Espenilla, Jr. said in a text message to reporters. “We have resources and regulatory powers to back the talk. The BSP has both capacity and resolve to act.” The central bank chief maintained that the regulator is ready to temper any sharp
movements in the daily exchange rate, as he allayed fresh concerns over the peso-dollar dynamics. Mr. Espenilla said the peso has depreciated by 2.8% versus the greenback year-to-date, which simply reflects the “dynamic price discovery process” amid developments in the financial markets. The peso-dollar exchange rate movements come “on the back of strong and sustained
imports growth as the economy hums along,” the central bank official said, alongside some adjustments in financial positions as market players anticipate higher interest rates in the United States and in other advanced economies. “The exchange rate needs to adjust in search of equilibrium. At its current zone, the peso has achieved healthy neutralize/PAGE 10
BEAUTY QUEEN VISITS SHOPWISE AS MISS SHOPWISE 2017 Miss Cagayan de Oro First Runner up Meg Bacareza paid a courtesy visit to Shopwise in Limketkai Center as Miss Shopwise 2017 winning candidate. Bacareza was voted by the store loyal shoppers. She was joined by fellow reigning queens and welcomed by Rean Anthony Micayabas (Head, Fresh Division), Michael Angelo Dulalas (Meat and Poultry Section Supervisor, and Ms. Mechielle Pajaron from the Marketing Department). photo by kim zaldivar
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9
Billboard
friday|September 8, 2017
Over P4 Million worth of prizes tax free up for grabs in Starmobile’s 4-month long nationwide e-raffle promo
C
hristmas comes extra early (and extra long) this year as Filipino mobile company Starmobile rolls out “STARTAGAL”, its biggest raffle promo ever. With over P4 million worth in prizes—
tax free–customers can take home hundreds of new Starmobile devices, home appliances, 8 Honda motorcycles, 2 brand-new Toyota cars, or Php1,000,000 in cash! “The STARTAGAL promo is the
company’s way of thanking Filipinos as we cap off our 5th year of operations.” said Michael Chen, Starmobile Chief Operating Officer. “This nationwide e-raffle is also a means of reinforcing our commitment of manufacturing high quality and high spec’d mobile devices which we have done so since 2011.” From September 1 to December 31, 2017, customers who purchase any Starmobile product can participate in the STAR-TAGAL promo. Each phone, tablet, or laptop purchased during this period comes with a scratch card carrying a unique code that customers can register via SMS to join the raffle (see the mechanics below). At stake every month are brandnew Honda Wave motorbikes, LCD TVs, home appliances, Starcube TV Digital TV boxes, and bestselling Starmobile
4th Ostrich Festival in Opol draws thousands of crowd Photo and Story By Ercel Maandig
The 4th installment of the Ostrich Festival has been done successfully on September 2 at the Municipal Plaza of Opol town in Misamis Oriental Province headed by its Local Executives Mayor Max Seno and Vice Mayor Tatsie Mabulay Ortigoza. Highlighting the Week long Festivity is the Ostrich inspired Street dancing participated by Contingents from different villages and Schools with colorful costumes and amazing props dramatizing the existence of its One Town,One Product(OTOP)which is
the Ostrich,the biggest bird on earth.The Festival was attributed to the Lim Ket Kai owned Philippine Ostrich Farm located at the village of Malanang 7 kilometers away from the town proper which existed since 1996. In 2014,Mayor Max Seno identified Ostrich as their OTOP and celebrated the festival every last week of August until September 3. In 1996, only 18 Ostriches was seen in the farm that came from Africa and Australia,but now it houses thousands already.Since its opening in year 2000,people from all
walks of life visited here and now among Misamis Oriental Province's favorite group getaways from field trips to educational tours since the Municipal Government here advocating the big bird as best alternative healthy food which has less cholesterol level.The Big Birds housed in a 13 hectares lot exclusively allocated for breeding and growing Ostrich and now became the center trade of Ostrich Meat Supply in the country that supplies all big restaurants in the whole Philippines. The Meat is Sold at Php1,400.00 per Kilo.
devices such as the PLAY Five, PLAY Boost, UP Sense, ENGAGE Aura, and the KNIGHT Spectra. To end the promo with a bang, a grand raffle draw will be held in January 2018 wherein a lucky few can drive home in a brand-new Toyota Wigo or Toyota Innova, or take home Php 1 million in cash TAX FREE! For more information, visit the nearest Starmobile Store in your area or visit the official Starmobile website at starmobile. com.ph or the official Starmobile Facebook Page at facebook.com/ starmobilephones. Five Awesome Years Established in 2011, Starmobile is the mobile devices division of Star Telecom Alliance Resources, Inc. (STAR, Inc.). It is founded by telco industry experts with extensive experience in retail and product development.
Per DTI FTEB No. 12599 series of 2017 (Actual products may vary from photo)
Since it first offered Android devices, Starmobile has officially become the winningest Philippine smartphone brand with a slew of innovation awards from reputable media outfits. The company’s flagship KNIGHT series, has won top awards
since 2013—a feat that has not been replicated by any local device company. Learn more about Starmobile and its line of smartphones and tablets by visiting www.starmobile. com.ph or log on to facebook.com/ starmobilephones.
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Impact... from page 2
Emano said the province’s agricultural projects have “g re at ly imp ac te d” t he beneficiaries in terms of reducing production cost. He noted that 47 percent of the province’s 4,633 farmers live below the poverty line. At least “2,760 farm households are now able to provide safe and nutritious vegetables for a family with six members,” Emano said. Some “145 farmers reduced 20 percent production cost with the use of agri machineries and equipment; 561 fishermen got better price of fish produce, increased fish catch, reduced time in fishing due to efficient and appropriate fishing gears and facilities,” he added. This impact, the governor said, has been recognized by the national government through several awards over the years. These awards include the Regional Gawad Saka Awards, the Outstanding Provincial Agriculture and Fisheries Council (PAFC), Outstanding Municipal Agriculture and Fisheries Council (MAFC), Organic Farming Family, and Agri Scientist and Barangay Food Terminal Operator. Emano said that of the P58 million budget, P39 million came from the Provincial Government while P19 million was sourced from the national government. (PNA/Nicole J. Managbanag)
Conference... from page 3
He further acknowledged our Christian faith as one of the gifts that have blossomed in this friendship between the Philippines and Spain is our Christian Faith. In a famous essay that the young De la Costa composed in 1943 during the Japanese occupation entitled “Jewels of the Pauper,” he wrote, “But poor as we are, we yet have something. This pauper among the nations of the earth hides two jewels in her rags. We are a people when we pray. This is our other treasure: our Faith. It gives, somehow, to our little uneventful days a kind of splendor: as though they had been touched by a King.” The conference was conducted under an Agreement on Academic Collaboration between NHCP and XU-ADC in line with the celebration of the 15th Philippine-Spain Friendship Day and the 70th Anniversary of the Establishment of Diplomatic Relations between the Philippines and Spain. The NHCP is the national government agency mandated to promote Philippine history through its museums, research and publication, and preserve the nation’s historical heritage through conservation and the marking of historic sites and structures. The conference was highlighted by the presentation of the following papers in relation to the theme: Reconfiguration of Historical Perspectives on
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Pre-Hispanic, Hispanic and Post-Hispanic Social Spaces in the Philippines (Luzile Mae B. Satur, Southeast Asian Studies, University of Passau, Germany); The Alubijid Spanish Kiln: The Archeology, Colonial History, and its Cultural Significance (Leee Anthony M. Neri, Ph.D., Deputy Director, Archeological St u d i e s P ro g r a m , U PDiliman); Mindanao Muslim Hi s t or y : D o c u m e nt ar y S ources of the Spanish Colonial Intervention into Mindanao and Sulu (Maria Janua Cunanan (Political Science and History Dept. Faculty, Ateneo de Davao University; Encuesta Basica de la Motivacion en el Aprendizaje de Ele (Español Lengua Extranjera): A Case Study in Foreign Language Learning, Xavier University, AY 20152016 (Catalina H. Gaite, Communications Office Director, Histor y Dept. Faculty, Xavier UniversityAteneo de Cagayan) The Komedya of International Development (Andres Narros Lluch, Ph.D., President & Co-Founder, K I L A HA F o u n d a t i o n , Mambajao, Camiguin). A total of 230 students, fac u lty and inst itut ion representatives from the following schools attended the day-long conference: Central Mindanao UniversityValencia, Mindanao State University-Iligan Institute of Technology (MSU-IIT), MSU-Naawan, MSU-Marawi, Capitol University, Cagayan de Oro College, Cagayan de Oro National High School, Iligan City National High School and the University of Science and Technology of Southern Philippines (USTP). Philippine–Spanish Friendship Day (Día de la Amistad entre España y Filipinas or Día de la Amistad Hispano-Filipina) celebrates the strong links between the Republic of the Philippines and the Kingdom of Spain every June 30. It was established by Republic Act No. 9187 on 22 July 2002, in commemoration of the day when General Emilio Aguinaldo, president of the First Philippine Republic, issued a decree requiring the last Spanish soldiers who had b een besieged for almost a year inside Baler's (Aurora) church be treated not as enemies and prisoners of war, but as friends. It also ordered that they receive the necessary permission for their return to Spain. These diplomatic ties established in 1947 mirrored o u r c o u nt r i e s’ mut u a l commitment to pursue beneficial initiatives as it recognized our unique connections in history. It is also a fortunate circumstance that 70 years ago, one of the earliest texts and illustrations on the Philippines in the 16th centur y came into the possession of Professor Charles R. Boxer, which now bears the name Boxer Codex. “The manuscript describes the customs of the Filipinos
in Luzon and the Visayas, but it is best known for the illustrations that are the earliest representations of the Tagalogs, Visayans, Cagayanons and Negritos,” said Kristian Ian Sulmayor, XU History Dept. Head. “The content of the Boxer Codex presents us with the initial contact between two worlds, signaling the beginning of the history of our relations.” Since 2006, Philippine– Spanish Friendship Day has been simultaneously celebrated and organized in various locations in Spain (Madrid, Barcelona, Palencia and Almonte in Huelva). In Madrid, several institutions such as t he Philippine Embassy and the Asociación Cultural Galeón de Manila celebrate this Friendship Day since 2009. It has also been hosted by several cities and provinces around the country like Malolos, Zamboanga, Iloilo, Bohol, Iligan, Manila, Vigan and most frequently by Baler, Aurora. “Healthy friendships will always involve quarrels and misunderstandings, good times and bad, ups and downs, but friendships endure because of the gifts, comfort, support, shared with each other,” Fr. Yap said. “In this conference may we celebrate Philippine – Spanish friendship, a friendship that has stood the test of time.”
Housing... from page 3
said Jose Luis M. Oquinena, executive director of Gawad Kalinga. Gawad Kalinga has been active for three years in conducting feeding programs in places like Metro Manila, Leyte, Laguna, to name a few. Its most recent feeding project benefited more than 4,000 kids who were displaced by the dispute in Marawi City. IDC has also been actively supp or t i ng c om mu n it y programs for the past eight (8) years, collaborating with various foundations and organizations that support social responsibility such as Habitat for Humanity Philippines, Enactus Philippines and CARA Welfare Phi lippines. It recently organized a community outreach in partnership with MASA Foundation in Cagayan de Oro, helping more than 100 residents in a far-flung community in the city.
Hurricane... from page 4
ago. Jesus told us that rains, floods, and strong winds will come, and there would only be two kinds of men who will face them---the wise, and the fool. The wise will be spared, while the fool will suffer a great crash. We i g n o r e d t h e s e warnings, by saying that Jesus is the loving God, and He would not allow people to die simply because of rains, floods, and strong winds. The only problem with this kind of a perception is that, it forgot that Jesus is not only a loving God. He is also a just God, who will not bend His rules and what He has done.
He mandated the coming of deadly and destructive rains, floods, and strong winds. Because of this, all of these would come to pass, whether we like it or not. If we want to be saved from the wrath from these calamities, we have to become wise persons, according to what Jesus is saying. Unfortunately, many of us are fools, because we refuse to truly believe! -ooo WATCH “ANG TANGING DAAN” AT FACEBOOK: “Ang Tanging Daan” is a Bible exposition and prayer session for everyone, in English and Filipino, 24/7, worldwide, that can be viewed at w w w. f a c e b o o k . c om / angtangingdaan. Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.
Win... from page 4
first, we need to change our heart, since that’s where our words come from. Just ask Jesus Christ to change your heart by taking full charge of your attitudes and words everyday. Then ask Him to give you the willpower and wisdom you need so you can win with your words. Just Think a Minute…
Opportunities... from page 4
until now due to the decadeslong conflict in the region and the alleged deprivation of budget allocation for the infrastructures. Federalism therefore is the key to economic liberation, and with the passage of the Bangsamoro Basic Law and the ASEAN Integration, Mindanao by then, would have emerged opp or tunit ies, not just emerging as it were. (ruffy44_ph2000@yahoo. com)
SSS...
from page 5
giving them space for savings such as social security protection that they may use in times of contingencies and retirement,” Dooc said. “More jobs will expand our membership, increase our contribution revenues and improve the ratio of our actively-paying members to the number of pensioners which will result in a more robust SSS,” he added. According to Finance Secretary Carlos G. Dominguez, the “Build, Build, Build” program will be funded by a combination of resources from its proposed Tax Reform for Acceleration and Inclusion Act (TRAIN), foreign development aid and commercial loans. “The SSS supports the effort of the administration on tax reform program because it will result in a more efficient delivery of service to our people, including the pensioners,” Valdez said. Dooc said the holistic passage of the tax reform package will benefit the low and middle-income earners especially with the provision to adjust the long-overdue income tax brackets in the country.
“Based on the tax reform proposal of the Finance department, families receiving a combined monthly income of between P13,000 and P40,000 will have their take-home pay increased between R1,100 and 3,500 per month or P14,000 to P42,000 per year,” Dooc said. “ The s e s av i ng s may b e used by families in investments to be used for times of contingencies like sickness, disability, retirement or even death, and we all know that SSS provides these benefits to our members who are religiously and responsibly paying their monthly contributions,” Dooc added.
Optimistic... from page 7
tie-up, called Insure ME@ SM or Insu r anc e Ma d e E a s y at T h e SM St ore , will enable people to buy insurance as they do their shopping. The products can be availed at The SM Store Customer Service or SM Business Services outlets. T h e S a f e Tr i p C o m p r e h e n s i v e Tr a v e l I n s u r a n c e Wo r d l w i d e provides medical treatment cover of up to P2.5 million and satisfies the Schengen Visa requirement. International coverage can be availed for as low as P449 while domestic insurance coverage can be
bought for as low as P199. C T P L In s u r a n c e , i n turn, amounts to P300 for motorcycle, PHP608 for private car, PHP658 for light/medium commercial vehicle; and P1,246 for heavy commercial vehicle. Dengue insurance amounts to P350, with a coverage of P10,000. Chan said dengue insurance can be availed several times a year if the f irst coverage has b een availed. (PNA)
Neutralize... from page 7
correction based on prevailing economic fundamentals,” the BSP governor added. The peso has averaged at P50.1324-per-dollar for the first eight months of the year according to central bank data, slightly higher than the P48-50 range assumed by the country’s economic managers back in May. Finance Secretary Carlos G. Dominguez III has said that the economic team remains comfortable with the current exchange rate despite touching 11-year-lows as the local currency trades at the P51 level. “What we are watching very carefully is the rate of change. If it goes from P51 to P53 in one day, then that’s worrisome… [W]e are watching it, but we are not panicking,” Mr. Dominguez told reporters.
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Promotes... Business Conference in Manila next month. The Duter te administration also provided support to the Mindanaobased entrepreneurs with Finance Undersecretar y Antonette Tionko outlining the government’s plans for infrastructure boost in the island until the end of the President’s term in 2022. Tionko said President Duterte’s massive ambition to construct a railway system encircling the island will help connect special economic zones one to the other, thus boosting Mindanao’s investment climate. Today is the Department of Science and Technology’s (DOST) turn to offer its opportunities to the Mindanao business stakeholders in the 26th MinBizCon.
graft raps and other cases have already been lodged in the Courts against ERC Chairman Jose Vicente B. Salazar and the four other ERC Commissioners – Alfredo J. Non, Gloria Victoria YapTaruc, Josefina Patricia M. Asirit and Geronimo D. Sta Ana. Gatchalian qualified that he concurs with the stance of the Lower House that the ERC would really need to fix its flaws, but he opined this can be constructively done by “legislating long-term institutional reforms.” O n t h i s s p h e re , h e already filed Senate Bill No. 1 4 9 0 , s e e k i ng “t o en hance account abi lity and transparency within the regulator y body by instituting structural reforms and liberalizing access to information concerning the Commission’s deliberations and output.”
from page 1
from page 1
from page 1
Budget...
leg islator-p e ers on t he probable “devastating impact” of that move on the sector’s stability and investors’ confidence on a very wobbly framework of power industry regulation in the country. T h e E RC or i g i n a l ly sought for P365- million allocation for next year, but this was severely trimmed to just P1,000 in plenary deliberations in Congress on Tuesday (September 5). “I fear that this budget cut will send a bad signal to energy investors and breed uncertainty in terms of electricity supply and power rates,” Gatchalian stressed. Un d e r t h e E l e c t r i c Power Industr y Reform Act (EPIRA), the ERC has been envisioned to be an independent, strong quasijudicial and legislative body with regulatory powers and oversight at the deregulated power sector. However, maneuvering at the ERC had gotten way too intense in the past months – with some tugging their way into the Commission’s abolition even without judicial rulings yet on corruption cases filed against its Chairman, the four Commissioners and other officials. For Gatchalian, instead of disabling the entire organization for the “transgressions of the few,” the legislative branch must decide with prudence and seriously consider the critical function that the ERC exercises over an industry wherein multibillion dollars worth of investments are at stake. Taking that into account, the lawmaker urged his colleagues to instead work on “more constructive means of addressing the issues of corruption and inefficiency that had shattered the ERC’s integrity as an institution. Gatchalian said “it would be better to aggressively pursue administrative and criminal charges against erring ERC officials instead of punishing the entire agency as a whole for the sins of the higher-ups.” After all, he noted that
Livestock...
Angeles said that BOI is offering various programs and technical assistance at the local level to boost local livestock production. Northern Mindanao has around 270,000 heads of cattle, 234,300 goats, 124,000 carabaos, 899,200 hogs, 7.3 million broilers, 7.6 million native chickens and 3.3 million layer chickens. Angeles’ team was in this city last Wednesday to disseminate the 2017 Investment Priorities Plan for the region. The 2017 Investment Priorities Plan will serve as a blueprint in guiding Filipino and foreign investors in matching their entrepreneurial and financial capacities with the identified opportunities to steer the country’s economic growth to a broader and sustainable path. It aspires to maintain the Philippines’ competencies while developing sectors with potential for inclusive growth by connecting micro, small and medium enterprises (MSMEs) to the global value chain. The new IPP has been broadened to encourage and attract new capital in sectors and regions that address the inequality of growth and employment. New priority activities for the 2017 IPP are innovation drivers to underscore the important role of research and development and inclusive business models for agribusiness and tourism which fosters income and business opportunities for the poor or low earners of society by integrating them to the supply chain or medium or large companies.
Museum... from page 1
Luisito Romeo Correa, manager of the PFDA-run city fish port complex, said Tuesday they have initiated discussions with local stakeholders for the establishment of the museum within the 11-hectare fish port complex in Barangay Tambler here. Dubbed “tuna museum,” he said it will mainly highlight the developments in the local tuna
industry in nearly five decades. “It will complement with the increasing number of tourists who have been visiting the fish port,” he said. Correa said city officials have initially supported the proposed initiative, which will also develop the fish port as an “agri-tourism hub.” The Department of Tourism in Region 12 has included the fish port as among the city’s tourist destinations. The top attraction is mainly the daily unloading of fresh tuna by local and foreign fishing vessels calling port at the facility. The fish port complex was the site of the city’s successful attempt in September 2014 to capture the Guinness World Record for the largest fish display. The world record bid was made by fish port workers who were able to display and weigh around 25,500 kilograms or 25.5 metric tons of tuna in about 15 minutes. The city government has been holding the annual Tuna Festival every first week of September to payhomagetoitsmultimilliontuna industry. The five-year festivity, now on its 19th year, ends today. MalacañanghasdeclaredSept.
5 as a special non-working holiday in the city in line with the festival. A mass fish grilling dubbed “Sugbahan sa Dalan” and a grand fireworks display will cap this year’s festivity. The city government and tuna industry players have committed to provide about a thousand kilos of fish for the “tuna feast.” (MindaNews)
EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND
EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND
Notice is hereby given that the intestate estate of the deceased JULIO SUNDOLAN, who died on March 15, 2013 at DAGUNDALAHON, TALAKAG BUKIDNON; That the said deceased, at the time of their death, left a Parcel of Land situated in the Barangay of Dagondalahon, Municipality of Talakag, Province of Bukidnon, Island of Mindanao; ORIGINAL CERTIFICATE OF TITLE NO. AO6430; LOT NO. 2194, CAD 630-D, CASE 14; JULIO SUNDOLAN is the subject of EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND, is made and entered among; QUIRINO DAQUINAN SUNDOLAN (married), EUSEBIO DAQUINAN SUNDOLAN (married), ARNOLD DAQUINAN SUNDOLAN (married), and ESAIAS DAQUINAN SUNDOLAN (married), all of legal age, Filipino citizens, with postal address at Dagundalahon, Talakag Bukidnon, hereinafter referred to as the HEIRS/SELLERS/VENDORS; and SPS. JOVILETO T. DIOCOS and HERSIE N. DIOCOS, both of legal age, Filipino citizen, spouses, with residence and postal address at #158 Zone 2, Patag, Cagayan de Oro City, hereinafter referres to as the BUYER/VENDEE; Containing an area of THIRTEEN THOUSAND ONE HUNDRED FORTY TWO (13,142) SQUARE METERS, more or less. That for and in consideration of the sum of EIGHTY THOUSAND PESOS ONLY (Php 80,000) Philippine Currency, receipt of said amount is hereby acknowledge by the HEIRS/SELLER/S VENDORS after the amount is paid in hand by the BUYER/S or VENDEE/S the SELLER/S or VENDER/S hereby SELL, CEDE, TRANSFER and CONVEY the above-described properties THIRTEEN THOUSAND ONE HUNDRED FORTY TWO (13,142) SQUARE METERS, more or less, in favor of the BUYERS or VENDEES his/her heirs, assigns or successors-in-interest, free from any liens and encumbrances, free from any third-party claimant whomsoever and the same is nontenanted. Under Notary Public of EMELITO J. MARQUINO; Per Doc. No. 261; Page No. 52; Book No. XIV; Series of 2017.
Notice is hereby given that the intestate estate of the late LOLITA T. PUNOC who died at Talakag, Bukidnon and SILVINO PUNOC (still alive and the registered owner of the Parcel of Land; that the said deceased at the time of her death, left a Parcel of Land situated in Barangay, Dagundalahon, Municipality of Talakag, PRO; ORIGINAL CERTIFICATE OF TITLE NO. P-42999, FREE PATENT TITLE NO. 101320-04-24097; LOT NO. 2151, CAD. 630; LOLITA T. PUNOC is the subject of EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND; is made and entered among; ESTERLITO TAPNAYAN PUNOC, MARINA DALANA BATONGHINOG, VICTORINO T. DALANA, REMI T. DALANA, SUSIE D. ACLO, TERESITA D. SINGANE and SELVINO P. PUNOC, all of legal age, all married with residents at NATARING, DAGUNDALAHON, TALAKAG, BUKIDNON, HEREINAFTER referred to as the surviving legal heirs of the Late LOLITA T. PUNOC, and registered owner, SILVINO PUNOC as SELLER/VENDORS; and RONILLO F. DIOCOS and RLIZA C. DIOCOS, both of legal age, Filipino citizens, spouses, with residence and postal address at P4, BALUARTE, SANTIAGO CITY, ISABELA, hereinafter referred to as the BUYER/VENDEE; That for and in consideration of the sum of SIX HUNDRED THOUSAND PESOS (PHP 600,000.00) PHILIPPINE CURRENCY receipt of said amount is hereby acknowledge by the SELLER/VENDOR after the amount is paid in hand by the BUYER/S or VENDEE/S the SELLER/S or VENDER/S hereby SELL, CEDE, TRANSFER and CONVEY the above-described properties to RONILLO F. DIOCOS and ELIZA C. DIOCOS spouses all Filipino citizens the whole area of land consisting of 50,307 square meters in favor of the BUYER/S or VENDEE/S his/her heirs, assigns or successors-in-interest, free from any liens and encumbrances, free from any third-party claimant whomsoever and the same is nontenanted. Under Notary public of EMELITO J. MARQUINO, Per Doc. No. 350; Page No. 70; Book No. XIV; Series of 2017.
BWM: Sept. 8, 15 & 22, 2017
BWM: Sept. 8, 15 & 22, 2017
NOTICE OF EXTRA-JUDICIAL SETTLEMENT Notice is hereby given that the heirs of the kate Ricardo F. Fabe and Victoria T. Fabe, who died in Cagayan de Oro City on June 2, 2016 and April 16, 2016, respectively, have extrajudicially settled and distributed among themeselves the following properties: (1) TCT No. T-103989, a parcel of land at Kauswagan, Cagayan de Oro, with an area of 200 sq.m.; abd (2) TCT No. T-58308, a parcel of land Kauswagan, Cagayan de Oro, with an area of 150 sq.m., all by means of a public document executed on January 28, 2014 and ratified before Atty. Ian Sol C. Llego, notary public in and for Cagayan de Oro City, Misamis Oriental, as per Doc. No. 59, Page No. 12, Book No. 1, Series of 2017 of his Notarial Register. BWM: Sept. 1, 8 & 15, 2017
12 PICTORIALS | MINBIZCON 2017
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friday|September 8, 2017