vertical home builders enterprises
SUITES
Patag Highway, Cagayan de Oro City
Tel. No. 858-5789 / Fax No. 850-5020; Cel. Nos. 0919-655-3754, 0923-304-2676 Email: verticalhomebuilders@yahoo.com
The Travellers’ Choice
Dealer of hardware and construction materials: Product Lines: Angle Bars; Gl Pipes; C-Purlins; Holow Blocks; Coco Lumber; Carrying Channel; Double Furring Channel; Single Furring ; Acoustic Board; Polycarbonate; Power Tools; Good Lumber S4S; Panel Doors; PVC Laminated Panel; PVC Vertical Blinds; Roller Blinds ; Wooden Blinds; Armstrong Vinyl Tiles; Kent Vinyl Tiles; Parquet Tiles - Apo Vinyl Tiles.
free wifi hot and cold showers spacious parking lot CAPISTRANO-CALAMBAGUHAN ST. CAGAYAN DE ORO CITY TEL #: 881-2708 / 850-6537 CEL #: +639363007688 (TM) +639092721115 (SMART) rsuitescdo@gmail.com
“YOU NAME IT, WE HAVE IT.”
Distributor & Dealer of: Steel Bars; Holcim Cement; Davis Paint; Sand & Gravel; Plywood; INdustrial Supplies; Finishing Supplies; Electrical Supplies; Power Tools; Air Compressors
MINDANAO DAILY MINDANAO’S LEADING NEWSPAPER
Volume VII, No. 061
Website: www.mindanaodailynews.com
Wednesday
August 2, 2017
Church leaders ask release of Bishop, lift Martial Law, resumes peace talks By CRIS DIAZ, Executive Editor
CAGAYAN DE ORO CITY: Church leaders of the influential Iglesia Filipina Independencia (IFI) on Tuesday demanded the release of IFI Bishop Carlos Morales, arrested almost three months ago in Ozamiz City, and called for the resumption of the peace talk with the National Democratic Front (NDF).
Bishop Antonio Ablon, President of the IFI Mindanao Bishop Conference, said that 3o IFI Bishops from Northern, Western and Northwestern Mindanao, converged in Cagayan De Oro City to join the nationwide demand for the release of Bishop Morales. In Manila, the IFI national cathedral led the
march rally to the Department of Justice (DOJ) where a picket-rally was held in front of the DOJ demanding the release of Bishop Morales. Bishop Morales, the head of the IFI Diocese in Ozamiz City, was arrested at a police checkpoint in Gango, Ozamiz City along with Rommel Salinas. Morales was later detained after Salinas was
reportedly identified as a consultant of the National Democratic Front (NDF) and an alleged top commander of the New People’s Army (NPA). Ablon said that Morales along with Salinas was later charged with illegal possession of firearms, which resulted in his detention at Placard bearing IFI Bishops of the IFI Dioceses in Mindthe Ozamiz City Jail since anao demand the release of Bishop Carlos Morales, IFI Diocese of Ozamiz, who remains in prison in Ozamiz City May 11, 2017. Jail after he was arrested in May 11, 2017 and charged with illegal possession of firearms. photo supplied
Charges readied vs. 14 ‘Parojinog’ men See ask, page 11
By CRIS DIAZ Executive Editor
C
AGAYAN DE ORO CIT Y: Law enforcers in Misamis Occidental have prepared charges against 14 people nabbed during the simultaneous raid of the Parojinog residences in Ozamiz City, where the Mayor Reynaldo “ Aldong ” Parojinog, his wife, and siblings were killed in an alleged firefight with the raiding team early dawn Sunday.
Police Senior Insp. Julie Garcia, the provincial police information officer in Misamis Occidental, said that the suspects, now in the custody of the provincial police office, would be charged with illegal possession of firearms and explosives and frustrated murder. She identified the suspects as Junnard Arciaga, Nicolas Alboro, Manuel See charges, page 11
Cagayan de Oro aims to be the Philippines 4th Metropolitan Center by 2025.
rapidofoto by raphy arcaina
NEDA: Macro, Regional Metrics auger well for PH sustainable growth By Mike Baños Editor-at-Large
The Philippines’ socioeconomic planners at the national and regional level see a bright future ahead for the country’s medium
term growth. Socioeconomic Planning Secretary and National Economic and Development Authority Director General Ernesto M. Pernia said starting off in the right foot
P15.00
given the country’s present socioeconomic metrics is a good start. In his keynote address during the July 18 regional launch of the Philippine Development Plan and the
Northern Mindanao Regional Development Plan held at a local hotel here, Pernia cited three key messages on the Philippines current economic status. See growth, page 5
Security Bank IH income up by 8% Security Bank Corporation (PSE: SECB) posted Php 5.2 billion in net income in the first half of 2017, up 8% from year-ago level. This result was driven by a 26% or Php 1.9 billion increase in net interest income to Php 9.3 billion. Non-interest income including trading gains was Php 2.9 billion, a 15% or Php 0.5 billion decrease. For the second quarter alone from April 1 to June 30, 2017, net income grew 32% from year-ago level to Php 2.43 billion, keyed by a 24% rise in net interest income to Php 4.9 billion. In the first half of 2017, the increase in net interest income was driven by a 27% growth in the loan portfolio to Php 340 billion and a 26% growth in deposits to Php 380 billion. Low-cost deposits increased 21%. Wholesale loans grew 25%, of which corporate loan growth was 23% and middle market loan growth was 27%. Consumer loans increased 49%. Net interest margin was 3.2% in the second quarter of 2017, up from 3.1% in Q1-2017. Service charges, fees and commissions grew 4% to Php 1.1 See income, page 11