BusinessWeek M I N DA N A O CREDIBLE
Volume VIII, No. 135 As of 5:50 pm April 13, 2018 (friday)
FOREX
PHISIX
US$1 = P51.95
7,899.98
8
X Briefly
RELIABLE
X
143.09 points
Pag-IBIG loans
IN-DEPTH
P15.00
Monday|April 16, 2018
DAVAO City – After it was cancelled due to alleged overprice issue in the previous administration, the government has put the modernization project of Sasa Port in Davao City for bidding this year under the PublicPrivate Partnership scheme. This was revealed by Davao City Chamber of Commerce and Industry, Inc. (DCCCII) president Arturo Milan based on the information from the Philippine Ports Authority (PPA) after making follow-up on the status of infrastructure projects in Davao. The project has a total cost of P6.2 billion consisting of three phases, Milan said.
Lapasan Highway, Cagayan de Oro City
By MARK FRANCISCO, Staff Writer
T
HE regional director of the Department of Tourism (DOT) here said vacationers should not expect from Camiguin too much the way they have enjoyed Boracay in the past.
DAVAO City -- State-run Home Development Mutual Fund, or Pag-IBIG Fund, issued P7.33 billion worth of loans in 2017 in Mindanao, up 10% from a year earlier. Loans issued in 2017 covered 8,063 housing units, of which 1,688 were categorized as social housing units. “Our strong performance in home lending last year, which benefitted a significant number of low-income members, reflects our support to the social protection agenda of President Rodrigo R. Duterte,” Pag-IBIG Fund Chief Executive Officer Acmad P. Moti said in a news conference held in the city Friday.
Sasa port bidding
Cagayan de Oro
DOT: Don’t expect much, Camiguin ain’t Boracay www.businessweekmindanao.com
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YOUR Mindanao-wide BUSINESS paper
SUMMER TIME. Just in time for the onset of summer, watermelon fresh from a farm in Surallah, South Cotabato is sold at P20 per kilo or P10 per slice by this young vendor along the highway in Barangay Amas, Kidapawan City in North Cotabato. One large watermelon weighs approximately five kilos. photo by jules benitez
This was DOT 10 director Marie Elaine Unchuan’s reaction after Camiguin Rep. Xavier Jesus Romualdo invited both foreign and domestic tourists alike who may be displaced by the imminent six-month closure of Boracay. Unchuan said that compared to Boracay, Camiguin is a laid-back sleepy town for people who just want to escape the busyness of urban life. “There are no bars there, there is some nightlife but there aren’t really no DJs there like we do in the night circuit here in CDO,” Unchuan said, referring to the regional capital in the mainland which is a boat ride way to the island province. camiguin/PAGE 11
Mindanao Trust Fund to infuse P166M for projects in conflict-affected areas By ANTONIO L. COLINA IV, MindaNews
D AVA O C i t y – T h e Bangsamoro Development Authority (BDA) signed a new program partnership agreement with Community and Family Ser vices International to implement projects worth $3.2 million or e qu iv a l e nt to P 1 6 6 million from the Mindanao Tr u s t Fu n d ( M T F ) t o construct socioeconomic infrastructures and improve literacy in conflict-affected
areas. In a statement issued by the Office of the Presidential Adviser on the Peace Process (OPAPP), Secretary Jesus Dureza said the new partnership will support confidence-building and the “normalization” in the Bangsamoro area under the Comprehensive Agreement on the Bangsamoro (CAB) signed between the government (GPH) and the
Moro Islamic Liberation Front (MILF) in 2014. Dureza said the projects would “improve the quality of life of people in conflictaf fe c te d are as t hroug h community participation and the pursuit of sustainable livelihood within a peaceful, deliberative society. “For four years, we have been reaching out to our fellow Filipinos in the south, touching lives and taking ‘peace by piece’ steps towards projects/PAGE 11
OLD MAN AND COWS. An old farmer brings out his cows to graze on the mountains in Luinab, Iligan City in this file photo from MindaNews. In the background is Mt. Agad-agad, the landmark easily seen from downtown. mindanews photo by bobby timonera
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