BusinessDaily (June 7, 2013)

Page 1

up to 15% discount on downpayment downpayment-up to 12-24 months to pay balance payable in 10 years @ 10% flat rate

BusinessDaily CREDIBLE

Volume III, No. 230

Market Indicators

As of 6:03 pm june 6, 2013 (Thursday)

FOREX

PHISIX

US$1 = P42.14

6,609.01 points

13 cents

X

51.12 points

X

RELIABLE

Cagayan de Oro City

Friday

M

THE Department of Trade and Industry-Davao Oriental Field Office (DTI-DO) has added another feather on its cap as it received a Seal of Excellence Award from the Civil Service Commission (CSC). Of the 599 government offices surveyed by CSC last year, only 50 offices obtained an Excellent rating nation-wide, and only two government agencies are in Davao Region – the Philippine Health Insurance Corporation (PhilHealth) office in Mati City and DTI-DO. As lead implementer of Republic Act No. 9845 or the AntiRed Tape Act (ARTA) of 2007, the CSC conducted a survey among government offices to gather feedback on the effectiveness and compliance with the antired tape measures required of government service.

By CHRISTINE CABIASA Reporter

INDANAO is getting more financial assistance from the US government with the opening of new projects to be implemented in partnership with the Mindanao Development Authority (MinDA).

Water woe

Seal of excellence

P15.00

June 7, 2013

M’nao gets more US aid

Briefly COUNCILOR Alden Bacal, chair of the commit tee on public utilities, has requested the Cagayan de Oro Water District (COWD) management to submit the company’s short and medium term plans to be implemented in the city to address water shortage in some of its franchise areas. During the meeting, the councilor presented to COWD’s Engr. Bienvenido Batar the special report of Councilor Juan Sia, which was aired during the City Council regular session Monday and complaints of residents regarding inadequate water supply. One of these areas is at Calaanan, where the city’s biggest relocation site is located, said CBacal. Engr. Batar admitted that there were disruptions of water supply last month due to technical problems of the COWD and Rio Verde. He said these have been addressed and problem areas already experienced better water service this month. Batar said there are still some areas that are problematic, which are being monitored.

IN-DEPTH

MORE US AID. Mindanao Development Authority (MinDA) Executive Director Janet Lopoz chats with US Ambassador Harry Thomas Jr. during the launch of USAID projects held recently in Zamboanga City. The US is the largest donor to the Philippines over the years. Last year, over $318 million was given by the American people to the Philippines. photo by sonny mendoza

DOE holds consultation on renewable energy code of practice

US Ambassador to the Philippines Harry Thomas Jr. said the new projects show the US government’s commitment to peace and stability in Mindanao. “We celebrate and affirm our commitment to peace and stability in Mindanao through these new USAID projects, and I am here today because I have faith in the powerful forces for positive c h a n ge i n M i nd a n ao,” Thomas said. The new projects, a n nou nc e d by T homa s w it h USAID Mission

Di rec tor Glor ia Steele, are the Mindanao Youth De velopment (M Y De v) Program and the Integrated Maternal, Neonatal, Child Health and Nutrition and Family Planning Regional project or MindanaoHealth. The other project is called ENGAGE or Enha ncing Governance, Accountability and Engagement. Thomas said the USAID’s cont i nu i ng suppor t for Mindanao is a proof that opportunities exist for the region and that through hard Aid/PAGE 11

By APIPA P. BAGUMBARAN, Contributor

THE Renewable Energ y Management Bureau (REMB) of the Department o f E n e r g y ( D O E) h a s consulted renewable energy development stakeholders in Mindanao on the Code of Practice for the Renewable Energy Safety, Health and Env ironment Ru les and Regulations (RESHERR).

The public consultation, held today at Dynasty Court Hotel here, was conducted in partnership wit h t he Ph i l ippi ne In for mat ion Agency. Lawyer Marissa P. Cerezo, REMB Assistant Director, said the consultation aims to gather insights, ideas doe/PAGE 11

power outlook

Power coops reduce system losses in 2012 SYSTEM losses by electric cooperatives were down to record low last year, the Nationa l Electrif ication Administration (NEA) data showed.

The NEA report showed that 109 cooperatives under its supervision registered an average system loss of 11.74 percent in 2012, a reduction outlook/PAGE 11

NO TO PREMATURE OPENING. With the scheduled opening of the Laguindingan International Airport on June 16 is getting near, business organizations in Cagayan de Oro City also heighten their campaign against it saying the government is prematurely hastening the airport’s operations despite the lack of navigational equipment. They said the move affects business activities as airline companies have reduced their flights to and from Cagayan de Oro. photo by rolando sudaria

Class suit vs Cebu Pacific Air looms By KEITH BACONGCO, MindaNews

DAVAO City – The passengers of the Cebu Pacific Air plane that veered off the runway of the international airport here

Sunday night have agreed to file a class suit against the airline company. Speaking in behalf of the

165 passengers who have organized themselves into a group called Flight 5Jlooms/PAGE 11

J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY

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


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