BusinessWeek Mindanao (April 2, 2018)

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BusinessWeek M I N DA N A O CREDIBLE

Volume VIII, No. 130

Market Indicators FOREX

PHISIX

US$1 = P52.215

7,932.38

X Briefly

RELIABLE

X

unchanged

Confusing coins AN administration lawmaker on Wednesday called on the Bangko Sentral ng Pilipinas (BSP) to immediately recall all of its newly released coins because of “serious design flaws” that cause a lot of confusion among the public. Puwersa ng Bayaning Atleta Rep. Jericho Nograles said the new coins failed to meet the basic design principles for coinage, which require that the denominations are easy to distinguish not just visually, but also through touch or tactile differences. “How many times have you reached into your pocket while inside a cramped jeepney and ended up paying the driver more than you should because you gave him the new fivepeso coins instead of one-peso coins? Probably more than once already,” he said.

Pakaradjaan 2018 COTABATO City -- The Autonomous Region in Muslim Mindanao (ARMM) launched on Monday its Pakaradjaan 2018, a year-long celebration signifying the solidiarity of its two-city, five-province component. “Pakaradjaan” is a Tausug and Yakan term for merrymaking or special event. It is expected to wrap up in November this year in time for the region’s celebration of its 29th founding anniversary. The ARMM comprises the cities of Marawi and Lamitan; and the provinces of Maguindanao, Sulu, Tawi-tawi, Basilan and Lanao del Sur. In Maguindanao, the Pakaradjaan 2018 was offically launched in Buluan, the capital town of the province.

IN-DEPTH

P15.00

Cagayan de Oro Lapasan Highway, Cagayan de Oro City

Biz chamber eyes Davao as Muslim-friendly city D www.businessweekmindanao.com

As of 6:00 pm March 27, 2018 (tuesday)

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YOUR Mindanao-wide BUSINESS paper Monday|April 2, 2018

By Antonio L. Colina IV MindaNews

AVAO City -- Davao City will become a pilot area for Muslim-friendly destinations in the country, Marilou W. Ampuan, trustee of the Davao City Chamber of Commerce and Industry Inc. (DCCCII), said.

Ampuan told a press briefing on Monday the Department of Trade and Industry (DTI) will roll out the program in collaboration with the Department of Tourism once the National Halal Standard Scheme is launched during the Halal Week from May 1 to 6 at the Marco Polo Hotel Davao. As a Muslim-friendly destination, the city can compete in the global halal market valued at $3 trillion and will be recognized as a new destination for visitors from Islamic SECURITY CHECKUP: A security guard checks the luggages of passengers who are going home in countries, she said. time for the Lenten break. photo by gerry lee gorit chamber/PAGE 11

Water supply remains precarious : COWD By MIKE BAÑOS, Editor-at-Large

THE Cagayan de Oro City Water District has cautioned that the city’s water supply remains precarious despite measures being taken to

address the problem. “Our pres ent supply from all sources is just enough to meet demand,” said Engr. Bienvenido V.

Batar, Jr., COWD Acting General Manager. “If any of our wells go down for repairs, it would immediately result to disruptions in water service.” water/PAGE 11

COWD to assist Ombud in prosecuting ex-officials before Sandiganbayan By MARK FRANCISCO, Staff Writer

THE management of the C agayan de Oro Water District (COWD) is willing to cooperate with authporities in prosecuting former officials of the city’s

lone water distributor. This, after the Office of the Ombudsman released a resolution Tuesday indicting seven COWD ex-officials for graft.

“We respect the action t a ken by t he Of f ice of the Ombudsman and will p r ov i d e t h e n e c e s s a r y assistance if so required,” COWD spokesperson Ladele Sagrado. assist/PAGE 11

STILL HOMELESS. Ten months after they were displaced by the siege in Marawi City, this boy and his family have remained at the evacuation center in Barangay Maria Cristina in Iligan City. Photo taken on 27 March 2018. mindanews photo by h . marcos c . mordeno

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


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