BusinessWeek MINDANAO CREDIBLE
Volume VIII, No. 24
Market Indicators As of 5:00 pm August 1, 2017 (tuesday)
FOREX
PHISIX
US$1 = P50.37
7,906.60
9
X Briefly
cents
X
111.45 points
MSME confab DAVAO City -- The Department of Trade and Industry (DTI) 11 is spearheading the two-day Regional Micro, Small and Medium Enterprise (MSME) Conference 2017 which started Thursday at Marco Polo Davao. This is in coordination with the Regional MSME Development Council-Mindanao Chapter. The conference, which will be concluded today, is centered on the 7Ms of successful entrepreneurs, the current mantra for entrepreneurship which DTI and the Philippine Center for Entrepreneurship (PCE) promote. The 7Ms of Uplifting MSMEs refers to Mindset Change, Mastery, Mentoring, Market Access, Machines, Money and Models of Business. DTI’s Bureau of Small and Medium Enterprise Development (BSMED) director Jerry Clavesillas discussed this strategy thoroughly during the conference’s first day. He also presented the 2017 Association of Southeast Asian Nations (Asean) Summit Action Plan.
Anti-trafficking WITH the theme, “Let’s act now to protect and assist trafficking victims,” the Regional Inter-Agency Council Against Trafficking- Violence Against Women and Their Children (RIACAT-VAWC) in northern Mindanao observed the World Day Against Trafficking in Persons on July 28 by distributing information, education and communication (IEC) materials to hotels and inns in the city. Aileen Nor Carlos of the Department of Social Welfare and Development (DSWD) Field Office 10 said that there were three inns which confirmed their support for the campaign namely, R Suites, Mardale Pension and Golden Pension. Members of the RIACATVAWC were then able to hang tarpaulins and distribute IEC materials to the said inns. Owners and managers of the three inns were also oriented on how they can help in stopping human trafficking in their establishment.
YOUR Mindanao-wide BUSINESS paper
RELIABLE
IN-DEPTH
NEA backs power coop bid for tax exemption www.businessweekmindanao.com
P15.00
Wednesday | August 2, 2017
T
By MYRNA M. VELASCO, Contributor
HROUGH a legislative measure, the National Electrification Administration (NEA) is advancing tax exemption bid for the country’s 121 electric cooperatives (ECs) that are extending services to consumers in rural and far-flung areas.
TARTANILLA. A horse-drawn cart locally called tartanilla shares a road with a car in Iligan City on Monday. At its back is “kumpay”, a favorite grass among horses and cattle. mindanews photo by h. marcos c. mordeno
According to NEA Administrator Edgardo Masongsong, this measure could be concretized via the proposed Tax Reform for Acceleration and Inclusion Act that is currently pending for deliberations in Congress. This proposed legislative policy, he explained, could “even things out with the ECs registered under the Cooperative Development A u t h o r i t y ( C D A ) ,”
emphasizing that these entities enjoy such privilege based on the provisions of Republic Act 7160 or the Local Government Code of 1991. A s a n i n i t i a l s t e p, Masongsong indicated that they are now working with co-advocates in both the legislative and executive branches of government for the policy proposal to move tax/PAGE 11
Mega Harbour warns of Davao’s worsening investment climate By CARMELITO Q. FRANCISCO, Correspondent
DAVAO City -- Mega Harbour Port and Development, Inc., the proponent of the nearly P40-billion reclamation project that Mayor Sara Duterte-Carpio recently rejected, said the decision ill worsen the investment climate for the region. Davao City Mayor Sara Duterte-Carpio made the public announcement of the
JVA termination a day after the President’s second State of the Nation Address, which she attended. In a statement released Saturday, Mega Harbour President Victor S. Songco said the company has sent a letter to Ms. Carpio telling her that the company is “deeply concerned, even seriously alarmed, by your
letter dated July 19, 2017, informing us that you have ‘come to a final decision not to further proceed’ with the Davao Coastline and Port Development Project.” The company warned that the “mysterious move” of Ms. Carpio will have an impact on “every local and foreign investor interested in investing in Davao, and global donors wanting to warns/PAGE 11
FAMILY DAY. An itinerant fish vendor is joined by his family as he does his rounds in Barangay Kalasungay, Malaybalay City, Bukidnon. mindanews photo by walter balane
CEB deploys more regional flights, bigger aircraft on key routes By MIKE BAÑOS Editor-at-Large
DAVAO City -- The country’s biggest airline has expended its coverage of the archipelago with the recent launch of more regional flights to link key destinations and the upgrading on key routes with the deployment and of bigger and newer aircraft to serve growing passenger
traffic. “Cebu Pacific remains bullish over prospects in Mindanao. We remain optimistic that new routes would benefit not only Davaoeños, but Mindanaoans in general, in terms of strengthening family and cultural ties, fostering domestic tourism and education exchange, and
helping harness trade and business opportunities,” said Charo Logarta Lagamon, Director for Corporate Communications of Cebu Pacific (PSE: CEB) during the grand launch held July 27 at Marco Polo Hotel. “Our new intra-island routes provide Mindanaoans convenient air connections; and support the government’s push for more
infrastructure investments in Mindanao,” CEB’s wholly-owned subsidiary Cebgo started flying July 27, 2017 three times weekly (Monday, Wednesday, and Friday) between Davao and D u m a g u e t e ; a n d f ou r times a week (Tuesday, Thursday, Saturday, and Saturday) between Davao
and Tacloban. CEB offers its lowest allin one way year-round fare from Davao to Dumaguete at P2,590 and Davao to Tacloban at P2,142. Present during the launch were Dumaguete City Mayor Felipe Antonio Remollo, and Davao City Councilors, led by Acting Mayor Danilo deploys/PAGE 11
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776