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Volume VIII, No. 114
Market Indicators
As of 6:00 pm February 16, 2018 (friday)
FOREX
PHISIX
US$1 = P52.00
8,612.44
12
X X Briefly
cents
14.33 points
Poverty reduction INVESTING in the employment of young people is important to poverty reduction and the country’s inclusive economic growth, according to an Asian Development Bank (ADB) Brief. The paper said youth not in employment, education or training (NEET) and slow in school-to-work transition is a challenge in the Philippines and the Southeast Asia and Pacific region. It attributed to several factors contributing to the persistence of youth in NEET rates in the Philippines, particularly striking in the Visayas and Mindanao region. These include job skills mismatch in the labor market, a lack of labor market information available to young people, and insufficient employment services for at-risk youth. The ADB Brief said many of these at-risk young people were from low-income households with limited social networks.
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Monday | February 19, 2018
cmyk
Patag Highway, Cagayan de Oro City
Tel. No. 858-5789 / Fax No. 850-5020; Cel. Nos. 0919-655-3754, 0923-304-2676 Email: verticalhomebuilders@yahoo.com
Dealer of hardware and construction materials: Product Lines: Angle Bars; Gl Pipes; C-Purlins; Holow Blocks; Coco Lumber; Carrying Channel; Double Furring Channel; Single Furring ; Acoustic Board; Polycarbonate; Power Tools; Good Lumber S4S; Panel Doors; PVC Laminated Panel; PVC Vertical Blinds; Roller Blinds ; Wooden Blinds; Armstrong Vinyl Tiles; Kent Vinyl Tiles; Parquet Tiles - Apo Vinyl Tiles.
“YOU NAME IT, WE HAVE IT.”
Distributor & Dealer of: Steel Bars; Holcim Cement; Davis Paint; Sand & Gravel; Plywood; INdustrial Supplies; Finishing Supplies; Electrical Supplies; Power Tools; Air Compressors
TravelX eyes biz links with tourism players First Business-to-Business Event
T
By MIKE BAÑOS, Editor-at-Large
RAVEL and tourism stakeholders from several regions from Mindanao and the Visayas are converging in Cagayan de Oro City on February 21 and 22 for a travel dialogue and business session dubbed TravelX. Hosted by the Depar tment of Tourism Region 10 office and organized by tourism consultants and event management company, Selrahco, the two-day event will bring in some 100 representatives from the hotel and resort sectors, local tourism offices, event organizers, tour operators, large and medium sized corporations and social and
civic clubs. Cagayan de Oro was selected to host TravelX - The B2B Event after it launched direct flight links late last year with several cities and top tourist destinations such as Boracay, Clark, Bacolod, Dumaguete, Tagbilaran, Zamboanga and 10 other points across the archipelago. Travelx/PAGE 11
NEW HUB. President Rodrigo Duterte and Cebu Pacific chair Lance Gokongwei unveiled last year the commemorative marker launching Laguindingan airport as Cebu Pacific Air’s 7th regional hub. photo courtesy of charo l . lagamon
Ride-hailing firm eyes CDO for biz operation By GERRY LEE GORIT, Reporter
A NEW player in the ridehailing industry is training its sights on making this city the second area in the country to launch its services, the Land Transportation Franchising and Regulatory Board-10 (LTFRB-10) said. Hirna, a young company that offers convenience to the taxi-riding public, has launched its business in Davao City last month and the firm’s top official said Cagayan de Oro will be
New condo tower DMCI Homes, Inc. unveiled last week the fourth tower at its P3-billion Verdon Parc residential estate in Davao City, following the robust take-up of the first three towers. In a statement issued Thursday, the residential arm of DMCI Holdings, Inc. said the last tower in the estate called Maurin will have 22 storeys with units covering a range of 28 to 56.5 square meters each. Units are priced at P2.9 million upwards. Maurin’s launch comes amid the sale of 837 units from the first three towers in Verdon Parc, called Martel, Belvedere, and Trevans, worth P2.76 billion.
P15.00
vertical home builders enterprises
the next city to establish its operation. Hirna means “here na” or “here already” in local lingo. Aminoden Guro, LTFRB-10 regional director, said the entry of Hirna will be to the advantage of the city’s riding public as they will get to enjoy the convenience taxis with ride-hailing software have to offer. At present, Cagayan de Oro has dozens of taxis operation/PAGE 11
KUNG HEI FAT CHOI. Mayor Oscar Moreno enjoys fireworks at the Rodelsa Circle by the CDO Filipino-Chinese Community with Bell Church CDO IPP Greg Lao & MOFCCCII Pres Adelfa Sia during the Chinese New Year’s eve last Feb. 15. photo by mike baños
BIR tax collection reaches P13-B in Normin last year By GERRY LEE GORIT, Reporter
THE Bureau of Internal Revenue’s regional office here has reported it has surpassed its collection target last year
as it vows to renew its efforts to go after erring taxpayers. Lawyer Hermeno Palamine, regional director
for BIR Revenue Region 16, said the tax-collecting body was able to take in more than P13 billion in 2017, mostly from income taxes, collection/PAGE 11
BEATING THE DEADLINE. Taxpayers stand in line outside the Bureau of Internal Revenue (BIR) regional office in Barangay Bulua, Cagayan de Oro City. photo by gerry lee gorit
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