BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 026
Market Indicators
As of 6:00 pm August 25, 2015 (tuesday)
FOREX
PHISIX
US$1 = P46.61
7,784.67
20
X Briefly
cents
6.34
X
points
Import grows PHILIPPINE imports recorded the highest growth for the year at 22.6 percent in June 2015 after three consecutive months of contractions, an indication of robust domestic demand and improving external environment. The Philippine Statistics Authority (PSA) reported Tuesday that the spending for imported goods rose to US$ 5.9 billion in June 2015 from US$ 4.8 billion in the same month last year. The Philippines ranked first among monitored economies in East and Southeast Asia in terms of imports growth in June 2015. Except for Vietnam, all these countries registered a decline in imports during the period.
2014 ppi’S Best in ENVIRONMENTAL Reporting
SMEs urged to exploit online’s full potential www.businessweekmindanao.com
Wednesday | August 26, 2015
By CARMELITO Q. FRANCISCO, Correspondent
E
XPERTS in electronic commerce (e-commerce) have urged small and medium enterprises (SMEs) to take full advantage of the Internet’s potential by establishing their presence online.
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Infra projects THE national government is set to build P1.7 billion worth of projects in the city in the next three years. The Department of Public Works and Highways (DPWH) on Tuesday said these projects include the construction of four bridges and four interchanges. Leowald Pacore, an engineer at the regional office of the DPWH said that the ongoing project at the Bitan-ag Creek project has an allocation of PHP75 million. Under the said project, the existing clogged up box culvert at the creek will be removed and replaced by a 14-meter long bridge with an elevation of 1.85 meters. This will pave the way for the efficient flow of water in the said creek.
P15.00
At the LIVEX2015 held in Davao City last week, an event that gathered experts in information and communications technology within the Brunei-IndonesiaMalaysia-PhilippinesEast ASEAN Growth Area, Rebecca R. Ricalde, Voyager Innovations, Inc. vice-president for digital commerce, said very few Philippine SMEs are making ‘BAGSAKAN’. The sign on the post on the left says it’s a “bagsakan” (dropping center) for agricultural produce. But this space inside the public market in Malaybalay City has been filled with stalls selling ukay-ukay or used clothing (22 August 2015). mindanews photo by h . marcos c . mordeno
Davao bypass road seen improving ports access By CARMELITO Q. FRANCISCO Correspondent
D AVA O C i t y - - T h e D e p a r t m e nt o f P u b l i c Wo r k s a n d H i g h w a y s (DPWH) has released the draft environmental impact statement for the P16.8billion bypass road project spanning north to south of the city, passing through 24 areas and providing access to two major ports in the Davao Region. In the document published
on the DPWH Web site last week, the agency said the road is necessary “to reduce
traffic congestion of Davao City urban center where PORT/PAGE 10
The Davao International Container Terminal in Panabo City
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the most online, much on less the e-commerce platforms. “Most of the Web sites we have are not fully functional,” said Ms. Ricalde, pointing out in her presentation during the forum that only about 1% of the estimated one million SMEs have fully operational sites. Many sites, she added, only provide basic information EXPLOIT/PAGE 11
Solon warns diluted BBL won’t resolve conflict By ANTONIO L. COLINA IV, MindaNews
DAVAO City -- A partylist representative on Monday warned against passing a version of the Bangsamoro Basic Law (BBL) that would not adhere to the provisions of the peace agreements signed between the government and the Moro Islamic Liberation Front. Bayan Muna Rep. Karlos Isagani Zarate said passing the BBL just so President Benigno S. Aquino III could cite a legacy of his administration will not address the root cause of the long-standing Moro unrest. “What’s the use of passing a law that cannot solve the
problem?” he said. Zarate said the government peace panel should have considered at the outset that Congress may object to the provisions of the agreements they deem unconstitutional and that it would be better if they included some lawmakers in drafting the BBL. BBL/PAGE 11
House to clarify definition of gov’t ‘savings’ By ANTONIO L. COLINA IV MindaNews
DAVAO City -- A lawmaker on Monday said the House of Representatives will set the definition of “savings” to prevent the executive department from abusing its powers in declaring unused funds for government projects that have been abandoned as savings. CLARIFY/PAGE 10
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