Mindanao Daily Business (August 7, 2014)

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Mindanao Daily NEWS BUSINESS . ECONOMY . CORPORATE . BANKING Your Regional Mindanao-wide Community Newspaper

Thursday

ROTARY INTERNATIONAL

THE FOUR-WAY TEST of the things we think, say or do

1. Is it the TRUTH? 2. Is it FAIR to all concerned? 3. Will it build GOODWILL and BETTER FRIENDSHIP? 4. Will it be BENEFICIAL to all concerned?

See story on Page 12 August 7, 2014

DILG holds biz permit licensing streamlining assessment confab Volume III, No. 066

Editor : Cheng Ordoñez

By Fender Rhodes B. Lumbatan

C

AGAYAN de Oro City - All set for the Department of the Interior and Local Government (DILG) series of assessmentworkshop on the streamlining of Business Permit Licensing System (BPLS).

The event is in line with the Department’s aim for a 100% compliance of standards among the Local Government Units in the different provinces of

Region 10. These activities, which will begin on August 20, will seek to monitor the local government units (LGUs) compliance of the BPLS criterion, at the same time serve as a venue for DILG to assist the non-compliant cities and municipalities in meeting the streamlining requirements. This initiative of DILG10 is in compliance with Republic Act 9485 otherwise known as the Anti- Red Tape Act (ARTA), which set the standards for See confab, page B2

FRESH HARVEST. A farmer in the mountains of Barangay Tipanoy in Iligan City washes his newly harvested cucumber Sunday morning (22 June 2014) before bringing these to the market downtown. MindaNews photo by Bobby Timonera

NorMin’s bottom-up budgeting amounts to P708.80M in 2013 By RUTCHIE CABAHUG-AGUHOB

OROQUIETA CITY – A total of P708.80 million have been allocated to region 10, for the implementation of various projects under the government’s Bottom-Up Budgeting (BUB) Process in 2013, now renamed Grassroots Participatory Budgeting (GPB) Process. Coursed through 10 concerned national government agencies (NGA’s), the fund was used to finance the projects enumerated under A vendor arranges bananas at a street corner in Barangay the local government unit’s Pinikitan, Cagayan de Oro City, where he sells them at P1 See budgeting, page B2

each. (MindaNews photo by Erwin Mascarinas)

PLDT’s net income up by 2% to P20 billion By Azer N. Parrocha MANILA -- The Philippine Long Distance Telephone Company (PLDT) on Tuesday released its first-half consolidated net income this year, which increased by two percent with Php20 billion from Php19.7 billion in 2013. PLDT CEO and President Napoleon L. Nazareno noted that the increase was a result of the rise in core net income, the increase in foreign exchange and derivative gains, among other reasons. Consolidated service revenues for the firsthalf this year also grew two percent to Php82.5 See billion, page B3

Mayor Moreno, in this file photo, tries out the new machines meant to make payments easier for the taxpayers. The Department of Interior and Local Government is all set for the series of assessment-workshop on the streamlining of Business Permit Licensing System (BPLS). (Photo by Mike Banos)

Yamaha Motor’s 1H income soars to 62%

TOKYO -- Yamaha Mo- billion yen, or about 480 tor Co., Ltd. announced million (USD), from the on Tuesday its consoli- previous year. dated operating income See yamaha, page B3 in the January-June first half surged 62.4% to 49.1

Yamaha Motor’s f?irst half surged 62.4% to $480 million USD from the previous year. Yamaha Philippines President Toru Osugi gestures as he acknowledges participants during Yamaha’s official unveiling of two more motorcyle units launched in Batangas for the Philippine market -- the XTZ 125 and Serow 250. (BWMGP photo)

Editorial: e-mail: mindanaodailynews@gmail.com • Advertising: e-mail: mindanaodaily.ads@gmail.com Contact: 0917-7121424, 0947-8935776


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