BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 136
Market Indicators As of 5:30 pm April 7, 2017 (friday)
FOREX US$1 = P50.166
0.7
PHISIX 7,583.75
X X Briefly
cents
18.43 points
BDO closes April 13-16 BRANCHES of Sy-led BDO Unibank Inc. (BDO) nationwide will be closed from April 13 to 16 in line with the observance of the Holy Week. In an advisory issued Friday, the bank said its branches will still service clients from Holy Monday until Holy Wednesday. “Regular branch operations will resume on April 17,” it said. T h e b a n k , h o we v e r , assured its clients and the banking public that its automated teller machine (ATM) network is available to provide services during the long weekend. (PNA)
Matina flyover DAVAO City -- The local government of Davao City is eyeing a much longer Matina Flyover than the original proposed infrastructure. Guesting at the I-Speak Media Forum held at the Davao City Hall today (April 6) Ivan Cortez head of the Davao City Investment and Promotion Center (DCIPC) said the city government has asked the national government to change the design of the flyover. The original plan was to bisect the busy Matina Crossing. However Cortez said the City Government wants a new flyover design.
Davao water project ABOITIZ Equity Ventures, Inc. (AEV) and its joint venture partner target to start in July the construction of a P12-billion bulk water supply facility in Davao City, with the goal of providing services to the area by end 2019, its finance chief said. “The funding is ready. It’s really just finalizing the permits. We want to make sure everything is set before we start building,” AEV Chief Financial Officer Manuel R. Lozano told reporters on Monday. Apo Agua Infrastructura, Inc., a joint venture between AEV and JV Angeles Construction Corp., in mid 2014 won the right to build the facility for the Davao City Water District, but the project was delayed because of the lengthy government permitting process.
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Oro port exceeds collection target
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Local Petroleum prices could rise this week: DOE PRICES of petroleum pro duc t s c ou ld r is e by anywhere from 50 centavos to P1 a liter this week as global crude prices increased on talk of extending the OPEC production freeze, the Department of Energy said . It will be the sixth price increase in 2017 for gasoline, the eighth for diesel and the seventh for kerosene. Monitoring by the Department of Energy indicated that the price hike for gasoline would be higher compared to diesel. The OIC-dire c tor of t he Oi l Indust r y Management Bureau, Melita Obillo, explained that the global prices of oil rose last week because of talk about extending the production freeze by the Organization of Petroleum Exporting Countries (OPEC). The limits on crude production by OPEC members is supposed to end in June 2017, but there are indications it will be extended. Obillo said supply of crude in the market remained stable, while the United States production of shale continues. Obillo could not say of the price hike trend would continue until the next few months. (Bloomberg)
IN-DEPTH
T
By MARK FRANCISCO, Staff Writer
HE Bureau of Customs (BOC) has collected a total of P1.266 billion in the Port of Cagayan de Oro alone for the month of March 2017. The amount represented actual collections from duties, taxes and fees at the port. It does not include yet the value of smuggled items that were intercepted during the period.
P15.00
Monday | April 10, 2017
Also, the amount was 44 percent more than the P879.3 million target earlier set by collection bureau. The Port of Cagayan de Oro is part of the BOC district in Northern Mindanao which
has been waging a relentless anti-smuggling campaign since 2016 up to the present. As a result, the district here is one of the 17 nationwide which exceeded collection targets for March. The Manila International Container Port collected P11.721 billion or 3.7 percent more than its intended target. This was followed by the Port of Batangas (P8.50 billion or 3.7 percent more), Port
of Cebu (P1.680 billion or 4.8 percent more), Port of Davao (P1.321 billion or 24.1 percent more), Port of Clark (P131 million or 5.4 percent more), Port of San Fernando (P244 million or 30.2 percent more), Port of Legaspi (P77 million or 276.1 percent more), Port of Iloilo (P219 million or 8.7 percent more) and Port of Zamboanga (P32 million or 128 percent more).
TUNA. Laborers prepare tuna for packaging at the Tambler Fishport in General Santos City, dubbed as the country’s Tuna Capital. mindanews photo by roel n. catoto
PH may lose status as world’s 2nd biggest banana exporters THE country is still at risk of losing its status as one of the biggest exporters of banana in the world as plantations in Mindanao region, where bulk of the country’s banana supply are being produced, still suffers from violent attacks and harassment.
Agrarian Reform Beneficiaries (ARBs) said in a joint statement that the New People’s Army (NPA) has once again launched an intensified series of attacks on banana and pineapple plantations resulting in killings, arson, banana/PAGE 11
GRP, NDF agree on free land distribution under agrarian reform in talks By ANTONIO L. COLINA IV, MindaNews
FIRST OF FRONDS. A vendor crafts the first fronds that she was selling outside of Butuan Cathedral as Roman Catholics observe Palm Sunday yesterday, which marked Jesus Christ’s entry to Jerusalem. photo by jun ayensa
DAVAO City -- Free land distribution will be the basic principle of agrarian reform as one of the elements of the Comprehensive Agreement on Socio-Economic reforms
(CASER), the government (GRP) and the National Democratic Front of the Philippines (NDFP) peace panels agreed during their land/PAGE 11
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