BusinessWeek M I N DA N A O CREDIBLE
Volume VIII, No. 82
Market Indicators
As of 6:00 pm December 9, 2017 (saturday)
FOREX
PHISIX
US$1 = P50.572
8,304.7
X X Briefly
16.9
129.77
cents
points
Week of peace
THE MINDANAO Week of Peace was concluded Wed., Dec. 6, in Butuan City with stakeholders in the Caraga Region renewing calls for peace despite the intensified aggression from the New People’s Army and the threat of violent extremism. Agusan Del Norte Governor Ma. Angelica Rosedell M. Amante-Matba, who chairs the Regional Peace and Order Council, emphasized the importance of unity in combatting insurgency in the region. “We in Caraga Region are pieces of a puzzle. It doesn’t matter if you’re from Agusan Del Sur, Agusan Del Norte, Surigao Del Sur, Surigao Del Norte or Dinagat Islands … We belong to one region. If we fit the (pieces of the) puzzle, we will be able to create a picture of true peace through cooperation and tolerance,” she said at the culmination event. Assistant Secretary Rolando B. Asuncion of the Office of the Presidential Adviser on the Peace Process (OPAPP), for his part, cited the importance of inclusivity in the peace process in his keynote message.
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Marawi City siege won’t derail Mindanao’s dev’t www.businessweekmindanao.com
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Monday | December 11, 2017
By ANTONIO COLINA II, MindaNews
D
AVAO City -- The fivemonth long fighting between government forces and Islamic Stateinspired militants in Marawi City won’t slow down the economic performance of Mindanao in 2018, Mindanao De velopment Authority (MinDA) executive deputy director Romeo Montenegro said. In an interview Tuesday, Montenegro said the Marawi siege was seen as a “temporar y setback” that did not “necessarily translate to withdrawal of investments.” He added the incident would not decelerate the output of Mindanao as Marawi and neighboring areas of Lanao del Sur are not considered among the derail/PAGE 11
RESEARCH VESSEL. The 250-foot Research Vessel Petrel docks at the port of Surigao City last week. The hi-tech vessel found 5 Japanese warships sunk during the Battle of Surigao Strait in World War II during a week-long expedition towards the end of November. mindanews photo by roel n . catoto
ARMM launches 6-year development blueprint By LESLIE GATPOLINTAN, PNA
Alsons’ buyout FOR a transaction worth P 2 . 3 77 bil lio n, Glo bal Business Power Corporation (GBPC) has already firmed up its acquisition of the 50-percent equity of Alsons Thermal Energy Corporation (ATEC), the power generating arm of the Alcantara group. The transaction involved the sale of 14,952, 678 shares of ATEC to Global Power at a rate of P159.030497 per share. Somehow, that deal cemented the partnership of two major leading players in the country’s power grids in Visayas and Mindanao.
Cagayan de Oro
TILAPIA. A fisherman pours water on newly caught tilapia from Lake Mainit in Surigao del Norte. He sells it at 100 per kilogram along the National Highway in Alegria town in Surigao del Norte. He said tilapia population has again increased after a fish kill that happened two years ago in the country’s deepest and fourth largest lake. mindanews photo by roel n . catoto
THE Autonomous Region in Muslim Mindanao (ARMM) on Thursday launched its d e ve l opm e nt blu e pr i nt that aims to attract more investments and accelerate infrastructure development crucial in boosting economic growth in the region over the next six years. A R M M ’s R e g i o n a l
Development Plan (RDP) 2017-2022 targets to increase the region’s gross regional domestic product (GRDP) from 0.3 percent in 2016 to 5.25 percent in 2022; and reduce poverty incidence from 48.2 percent in 2015 to 33.2 percent in 2022. Engr. Baintan Ampatuan,
Executive Director of the National Economic and Development Authority’s (NEDA) Regional Planning and Development OfficeARMM, said local government units (LGUs) have committed PHP4billion projects for the region that are aligned with the RDP and support socioeconomic agenda of launches/PAGE 11
capital’s significant DOT eyes Davao as Surfing decline number of land crab Muslim-friendly city a serious threat to ecosystems By DIGNA BANZON, PNA
DAVAO City -- The city government and the tourism industry players have strengthened partnership to transform Davao as premier destination for Muslims, especially that the Davao–
Kuala Lumpur direct connection begins on December 21. Department of Tourism (DOT) 11 Director Roberto Alabado III said DoT, dot/PAGE 11
By ROEL N. CATOTO, MindaNews
GENERAL Luna, Siargao Island--With the continued influx of tourist arriving at the surfing Mecca of the country and fastchanging the landscape, a massive decline of numbers of land crab has
been observed among the locals. Bernardo Alciso, 54, a local land crab hunter in General Luna has noticed a dramatic decline of numbers of land crab, a serious decline/PAGE 11
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