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Volume VIII, No. 86
Market Indicators FOREX
PHISIX
US$1 = P50.435
8,359.61
9.2 cents
25.55 points
Briefly
X
Japanese agri-venture
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Normin’s investments up thousand fold in Q3 www.businessweekmindanao.com
As of 5:00 pm Dec. 13, 2017 (wednesday)
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Saturday | December 16, 2017
Misamis Oriental pulls off P13.3-billion, about 83.5% of the region’s total
D
DAVAO City — Davao and its Japanese sister city Kitakyushu will be exploring cooperation in agribusiness, particularly in cacao and eel farming, as an expansion of their current partnership in solid waste management and environmental protection. Davao Mayor Sara Duterte-Carpio, in a news conference last week following a trip to Kitakyushu City for the signing ceremony, said while “the focus is the Green Sister Partnership,” Japanese businessmen have expressed interest in tapping Davao’s cacao industry and eel farms. “For the first time Davao City has a sister city in Japan,” Ms. Carpio said, “Kitakyushu is helping (us) with best practices in solid waste management and environmental protection.”
Davao’s tourism DAVAO City – The Department of Tourism in Region 11 (DOT-11) is looking forward to 2018 with more tourist arrivals and higher tourist receipts. This, as 2017 performance indicates a positive trend in tourist arrivals, said DOT-11 chief operations officer Zuhairah Abas. Abas said that with the 2017 performance, DOT is optimistic that growth would continue in 2018. Abas reported that tourist arrivals from January to September 2017 increased despite the declaration of martial law in Mindanao.
P15.00
By MIKE BAÑOS, Editor-at-Large
ESPITE jitters brought about by the recent Marawi siege which resulted to massive destructions to lives and properties, Northern Mindanao was still able to register a thousand fold increase in investments during the third quarter of this year as compared to the same period last year. Based on figures gathered by the Department of Trade and Industr y in Region X, Nor thern Mindanao
generated P15.9-billion in investments for the third quarter of 2017, recording an fold/PAGE 11
ADB bares biggest loan portfolio for Mindanao THE Asian Development Bank approved a $380-million loan to help the Philippine government strengthen the road network and spur economic development in Mindanao.
In a statement, the ADB said the loan is intended for the Improving Growth Corridors in Mindanao Road Sector project, which should benefit about 20 million loan/PAGE 11
INVESTMENTS. One of the biggest investments in Misamis Oriental is the PurefoodsHormel meat processing plant at the Phividec Industrial Estate in Tagoloan.
Government unveils 6-year dev’t blueprint for ARMM THE Autonomous Region in Muslim Mindanao (ARMM) on Thursday launched its d e vel opme 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 unveils/PAGE 11
BAUR. Making baur or wooden chests adorned with intricate carvings and seashell is a thriving home-based industry in Tugaya, Lanao del Sur. But the recent siege in nearby Marawi City has affected the income of the local artisans. mindanews photo by h . marcos c . mordeno
Martial law extension draws mixed reactions from Bukidnon folks By WALTER I. BALANE, MindaNews
MALAYBALAY City -- The Joint Session of Congress’ approval of President Rodrigo Duterte’s request to extend martial law and suspend the privilege of the writ of habeas corpus in Mindanao until next year drew mixed reactions here.
Congress extended martial law until December 31, 2018 with a vote of 240 in favor and 27 against. This brings until yearend 2018 to 19 months or 588 days the duration of martial law over Mindanao’s 27 provinces and 33 cities, from
the original 60 days when Duterte declared martial law on May 23, the day the Marawi Crisis started. Malaybalay Bishop Jose Cabantan said he disagreed with military rule as the solution to peace and order in Mindanao, adding war and violence only lead to a spiral of violence and much
poverty in the country. “Did our leaders consult all the sectors in Mindanao or only listened to the assessment of the military? Will we expect more hamletting of our IPs, happening now in the Diocese of Tandag? More displacement of our people in the hinterlands due to armed conflict?” he told
MindaNews. The bishop, who was vice chair of the Episcopal Commission on Indigenous Peoples from 2011-2015, asked if the extension means more labelling of the poor people in the mountain a s “m a s a ( c o m m u n i s t sympathizers)?” Are we really extension/PAGE 11
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