BusinessWeek M I N DA N A O CREDIBLE
Volume VIII, No. 67
Market Indicators FOREX
PHISIX
US$1 = P51.23
8,433.48
X Briefly
3.4
86.34 points
RELIABLE
X
Product standard DAVAO City – The Bureau of Fire Protection (BFP) has started inspecting establishments selling Christmas lights and other electrical decors for the holidays to ensure consumers are buying products which passed quality standards. BFP inspectors are seeing to it that a product bears the ICC stickers from the Bureau of Product Standards of the Department of Trade and Industry (DTI). The ICC mark includes the ICC letters in a gear but has a unique serial number for each product. It also includes the month and year the DTI-BPS issued the ICC certificate to an importer’s product shipment.
Natural gas BUTUAN City – The Department of Energy (DOE) held a public consultation on the implementing guidelines of the Philippine Natural Gas Regulation (PNGR), a policy issuance that would govern the entry and development of liquefied natural gas (LNG) industry and its related facilities in the Philippines. In behalf of Energy Secretary Alfonso G. Cusi, Undersecretary Donato D. M a r c o s s a i d , “t h e P N G R will serve as the regulatory framework in the promotion of the Philippines as an LNG emerging market characterized by a liberalized/ competitive environment and market-based pricing.” “Also, the implementation of the PNGR is hoped to pave the way in meeting the target of the Secretary to have the ground breaking for an LNG import facility by 2018,” he added. With the policy in place, Marcos added that “the Philippines can readily start importing LNG to safeguard the anticipated drop in the supply of the Malampaya natural gas in 2022, coupled with the forthcoming termination of its concession by 2024.”
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DPWH 10 to play key role in Marawi infra rehabilitation
By MARK FRANCISCO Staff Writer
I
T will be barely less than a month when a regional court is expected to approve the dissolution of the C agayan de Oro Water District (COWD)-Rio Verde Water Consortium contract.
Yet consumers continued to be edgy as Rio Verde had earlier wrote a letter to the government-operated utility that it would be forced to cut off its supply should their assures/PAGE 11
By MARK FRANCISCO Staff Writer
ENTERPRISING. An enterprising evacuee cooks pancit intending to sell it at the evacuation center in Saguiaran, Lanao del Sur. Many of the evacuees here said they are losing hope that they can return to their homes immediately. mindanews photo by froilan gallardo
Displaced victims Handicraft maker from AgSur moved to safe made it to Manila FAME resettlement homes By CHRIS V. PANGANIBAN, Contributing Editor By CHRIS V. PANGANIBAN Contributing Editor
LA PAZ, Agusan del Sur-- S ome 44 families in Barangay Angeles who were displaced by the disastrous floods that hit the province in February this year now lives in decent new homes to a safer relocation area. The recipients of new victims/PAGE 11
SAN FRANCISCO, Agusan del Sur--- A homegrown handicraft maker made it to the prestigious award of Manila FAME, the country’s premier design and lifestyle event organized by Center for International Trade Expositions and Missions (CITEM). Liza Maynagcot, owner of Liza’s Palm Strips Handicraft
was Manila FAME’s Editor’s Choice Award 1st Series w i n n e r. H e r w i n n i n g products were designed by Gina Catuburan-Bagasbas, a native of Bunawan and now a member of Caraga’s pool of regional designers of the Department of Trade and Industry (DTI). The award, which was FAME/PAGE 11
BEING the nearest region to war-ravaged Marawi City, the Northern Mindanao regional office of the Department of Public Works and Highways (DPWH) will play a key role in the rehabilitation of key infrastructure facilities in the area. P u b l i c Wo r k s a n d Highways Secretary Mark Villar made this clear on Friday as he inaugurated two huge projects – the Cagayan de Oro coastal highway and Igpit bridge, part of the infra/PAGE 11
Liza Maynagcot, owner of Liza’s Palm Strips Handicraft was Manila FAME’s Editor’s Choice Award 1st Series winner.
Davao biz leaders to ASEAN:
Unite vs terror, negotiate as one bloc for trade pacts By ANTONIO L. COLINA IV, MindaNews
AFTERMATH OF TERROR. The view from Ground Zero along Quezon Avenue, fronting the C & D Building, beside the Bato Ali Mosque along Quezon Avenue. mindanews file photo by manman dejeto
AFTERMATH OF TERROR. The view from Ground Zero along Quezon Avenue, fronting the C & D Building. beside the Bato Ali Mosque along Quezon Avenue, on 25 October 2017. MindaNews file photo by MANMAN DEJETO DAVAO City – The 10-member Association of Southeast Asian Nations (ASEAN) must sit down and think as one community to address terrorism and negotiate as one bloc with major
global trading partners for free trade agreements in the 31st ASEAN Summit slated in Manila next week, business leaders from Davao City said Friday. Ronald Go, Davao City Chamber of Commerce and Industry Inc. (DCCCII) president told MindaNews the ASEAN leaders must “let go of their propensity to think in terms of the interest solely of their countries.” He said they need to arrive at a pacts/PAGE 11
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