BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 091
Market Indicators
As of 6:10 pm December 27, 2016 (Tuesday)
FOREX
PHISIX
US$1 = P49.812
6,658.20
9.6
X X Briefly
cents
64.53 points
CdO’s Infotech projects INFOTECH Outreach Program to be implemented in Cagayan de Oro. The 18th City Council, during its 20th Regular Session, presided over by Acting City Mayor Raineir Joaquin V. UY enacted Ordinance No. 13155-2016 authorizing City Mayor Oscar Moreno to enter into and sign the Memorandum of Agreement by and between the City Government, PLDT Inc., and the Department of Education, this City, relative to the implementation of the 2016 PLDT Infoteach Outreach Program. The laudable nationwide project of PLDT is part of its corporate social responsibility advocacy and intended to raise, improve and enhance the knowledge of public school students in the field of information and communications technology.
YOUR Mindanao-wide BUSINESS paper
RELIABLE
IN-DEPTH
Influx of halal exports expected next year www.businessweekmindanao.com
P
By MARK D. FRANCISCO, Staff Writer
RESIDENT Duterte’s Southeast Asian swing has started to gain leverage as far as the Department of Trade and Industry (DTI) is concerned. DTI-10 director Linda O. Boniao reported over the weekend that many Asean countries are getting interested to import both food and non-food products from Northern Mindanao. T h e As s o c i at i o n o f Southeast Asian Nations (Asean) members that Mr. Duterte had visited so far since he assumed office in June were Laos, Indonesia, Vietnam, Brunei, Thailand, Malaysia, Cambodia and Singapore.
Indonesia and Malaysia are predominantly Muslim while Thailand and Singapore also has a booming Muslim population. With this, Ms. Boniao said that DTI will be tapping more halal certifiers in 2017 to accommodate the influx of the growing halal exporting business. For now, the region’s main exports are coco products, but Ms. Boniao said that her counterparts in the halal/PAGE 11
NATIVE HANDICRAFTS. Lumads from the highlands of Mindanao sell handcrafted items made of indigenous materials in downtown Iligan City during Christmas Day. MindaNews photo by Bobby Timonera
Oro’s ICT Summit to update 2022 roadmap By MIKE BAÑOS, Editor-at-Large
More farmers loans THE Land Bank of the Philippines has committed to drastically increase lending to small farmers and fisherfolk from P37.9 billion to P115 billion over the next six years, in keeping with President Duterte’s goal of dispersing the benefits of growth to the countryside through the development of the farm sector. New LANDBANK president Alex Buenaventura said that to accomplish this goal, he will initiate a “reengineering” of the credit facilities for small stakeholders in the agriculture sector, and encourage them to enter into “corporatives.” Under his proposal, a corporation would be formed to manage the consolidated farms of small farmers who wish to take part in the corporative. The corporation would be owned 40 percent by LANDBANK and 60 percent by participating commercial banks. The farmers would provide the manpower to keep their lands profitable.
P15.00
Wednesday | December 28, 2016
SHOW OF FORCE. New People’s Army guerrillas march during the 48th founding anniversary of the Communist Party of the Philippines in the hinterland village of Lumiad in Paquibato District in Davao City on Monday, December 26. Mindanews Photo
THE Cagayan de Oro ICT Business Council will host the ninth staging of the National ICT Summit on still to be decided dates in November next year, in recognition of its status as a leading “NextWave City” Stephanie P. Caragos, Cagayan de Oro ICT Business Council Chair who was recently elected
National President of the National Confederation of the Philippines (NICP) will also oversee the Summit chaired by Alexander G. Paras. “Luzon, Visayan and Mindanao take turns in chairing the NICP,” Caragos said. “From 20 plus councils in Mindanao, we selected who will sit in the national board. There are four of us
and the consolidated board chooses who among us will be president.” High on the agenda f o r t h i s y e a r ’s N I C P working agenda will be implementing programs in the countryside in close coordination with the new Department of Information & Communication Technology (DICT), implement the ICT Road Map 2022, increasing summit/PAGE 11
Young cadres take on the reins of revolution By FROILAN GALLARDO, MindaNews
MANANOM-BAGO, Medina, Misamis Oriental — Carrying an M16 rifle and a bandolier of spare ammunition, Jaito, a 22-year-old New People’s Army fighter, walked toward the back of a makeshift stage where a couple of journalists were waiting for him. “I heard you need somebody to interview,” he told reporters who went to this village to cover the 48th anniversary celebration of the Communist Party of the
Philippines on Monday. Jaito is among the new generation of NPA fighters of the CPP, which has espoused t he pr i ma c y of ar me d struggle against “feudalism, imperialism and bureaucrat capitalism” since its founding 48 years ago. After an exchange of pleasantries, Jaito narrated how he left a life of poverty and unemployment as a son of a poor farmer to join one of the world’s longest-running
communist rebellions. “My family was poor and my life was going nowhere, “ he said. So when one of his friends asked him whether he would join the NPA, Jaito said he readily agreed. A year later, he became one of the trusted cadres in charge of a platoon of twenty men and women, mostly in their 20s and 30s, roaming the rugged mountains of Misamis Oriental. “ T he N PA prov id e d cadres/PAGE 11
YOUNG FIGHTERS. New People’s Army rebels perform a cultural presentation at the CPP/NPA’s 48th founding anniversary in barangay Mananom-Bago, Medina town, Misamis Oriental. MindaNews photo by Froilan Gallardo
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776