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Volume III, No. 096
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See story on Page B1 12 September 15, BY PAULITA R. 2014 ROA
ARMM tops P3-B investment in Q3 By Danilo E. Doguiles
C
OTABATO City - Investments in the Autonomous Region in Muslim Mindanao (ARMM) has reached P3.372 billion in the third quarter of 2014, according to a report from its Regional Board of Investments (RBOI). ARMM-RBOI also noted that current investments are more than twice the total registered investments they received in the entire 2013. In its meeting on September 7, the joint Board of Governors’ and Management Committee of the RBOI approved for the registration of three
firms with a total investment portfolio amounting to P848 million with potential jobs for at least 1,210 individuals. These firms are Darussalam Mining Corporation, Al Mujahidun Agro-Resources and Development, Inc. and Bangsamoro Oil and Fuels Corporation. Based in Tumbagaan, L anguyan, Taw i-Taw i, Darussalam Mining Corporation is engaged in a P192.87- million mining and quarrying operation of nickel ore for export to China. Meanwhile, Bangsamoro Oil and Fuels Corporation, which is engaged in im-
CAGAYAN DE ORO CITY (MindaNews / 22 Aug) – In 1521, the typical houses of the Cebuanos were described by portation,Pigafetta distribution and Antonio (1536), sales of petroleum products the Italian chronicler of has poured in P85.85 milFerdinand Magellan, as lion in the region. It is made of wooden planks also set to construct an and bamboo and raised oil depot at the Polloc Port
high on the ground on large logs. Ladders were used as means of entry and the house was divided into rooms like those in Parang, Maguindanao. the West. Underneath Al Mujahidun Agro-Rethe houses, the Cebuanos sources and Development, kept swine, fowl and Inc. is This a new player in the goats. was the type of region’s banana industry. houses that the Spaniards Recently, it planted 550
saw lining the coast of Cebu and as one claimed, it reached the coast of Mandaue. This same kind raised houses were then hectares offound Cavendish commonly near the banana in Barangay rivers, creeks and Salman waterin Ampatuan, ways for the Maguindanao ancient Filias initial step develop pinos loved to tolive near abodies total ofofwater. 1,500 hectares of banana plantation in
There were other types of houses that the early Spanish explorers saw when they ventured into the interior areas. The the area. Recollect missionaries The company inwho were the firsthas to enfused P570 million in the ter the Cagaiang territory said project. Basedinon1622 the (Cagayan de Oro) firms’ projections, annually wrote that the 500 KagaySee tops, page B3
PDIC to continue processing claims of Rural Bank of Oroquieta depositors
The Philippine Deposit Insurance Corporation (PDIC) has announced that it will continue to receive and process deposit insurance claims from depositors of the closed Rural Bank of Oroquieta (Misamis Occidental) at the PDIC Claims Counter, 4th Floor, SSS Bldg., 6782 Ayala Ave. corner V.A. Rufino St., Makati City. Claims may also be filed through mail. PDIC conducted the onsite claims settlement operations (CSO) for the closed Rural Bank of Oro-
quieta at the bank’s premises and completed the CSO on Aug. 8, 2014. It sent notices of payment to depositors with aggregate deposits amounting to Php13.7 million involving 3,286 accounts. Filing of claims for these accounts with balances of Php50,000 and below is waived by PDIC. Meanwhile, PDIC paid 702 claims during the onsite CSO involving 623 accounts for a total amount of Php51.6 million deposits. See claims, page B3
SM Supermalls breaks ground in Puerto Princesa By Celeste Anna R. Formoso
PUERTO Princesa City The SM Supermalls owned by SM Prime Holdings, Inc. (SMPHI), a chain of shopping retail malls in the Philippines by business tycoon Henry Sy, finally broke ground in this city for the SM City-Puerto Princesa that is expected to bring employment to over 4,600 residents. With Palawan Vice Governor Dennis Socrates, Vice Mayor Luis Marcaida, members of the Sangguniang
Panlungsod, the Palawan Chamber of Commerce and Industry (PCCI), department officials of the city government, and executives of SMPHI, Mayor Lucilo Bayron and SM Supermalls President Annie Garcia broke ground and laid the time capsule at the site of the planned city mall along Malvar, H. Mendoza and Lacao streets. In an interview with the Philippine News Agency See breaks, page B3
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