BusinessWeek MINDANAO Your daily business paper
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 111
Market Indicators
As of 6:10 pm feb. 26, 2015 (thursday)
FOREX
PHISIX
US$1 = P44.07
7,764.39 points
5 cents
X
X Briefly 79.67 points
Peace for Mindanao DAVAO City -- Mayor Rodrigo Duterte asserted that those who are calling for war in Mindanao are detached from reality. He said that as a Mindanaoan, he has to speak that people here aspire more for peace than trouble Duterte maintained that he is going around to tell the country of things to do to promote peace particularly in Mindanao. Duterte said Mindanao remains a distant star to the rest of the country and has very serious problems in the peace and order. “If you lose Mindanao, it will be a tragedy in the same manner like losing one or two lives. Manila is very far from Mindanao, which is often the battleground,” he pointed out.
Domestic sales up DAVAO City – The Department of Trade and Industry (DTI) in Davao Region reported an increase of 14.8 percent in domestic sales resulting from its initiated interventions. Based on its annual accomplishment report, DTIDavao reported that from a total of P942.78 million of domestic sales in 2013, it grew to P1.082 billion in 2014. Furthermore, it can also be noted that the 2014 accomplishment is four percent higher than the annual target of P1.040 billion. Of the said 2014 accomplishment in domestic sales, 53 percent was generated through market matching, 41 percent from monitored sales, four percent from Pasalubong Centers, and the remaining two percent from trade fairs.
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M’nao traders’ group balks new mining bill www.businessweekmindanao.com
Friday | February 27, 2015
Giving LGUs larger share of mining revenues questioned
T
By IRENE DOMINGO, Staff Writer
HE Mindanao Business Council (MBC), the biggest aggrupation of business community on the island, has expressed vehement opposition on the proposed bill that seeks to give local government units a larger share of mining revenues.
MINING. Big ships wait off the shore of the coastal village of Cagdianao, Claver town in Surigao del Norte. These Pships reportedly carry nickel ore to China. mindanews file photo by roel n . catoto
P-Noy urges public support for Mindanao peace process By LESLIE D. VENZON, Philippine News Agency
PRESIDENT Benigno S. Aquino III is calling on Filipinos to continue supporting the peace process in Mindanao despite the
Mamasapano incident. “Tandaan lang natin: Ang kaguluhan sa Mindanao ay nagdudulot ng kaguluhan sa ating lahat. Kaya naman
M A L AY BA L AY C it y – Birdwatching activities in the Mt. Kitanglad Range Natural
Park have been suspended effective Feb. 17, according to the Office of the Protected
take a look at the overall taxes, it (comprises) around 50 percent” of their gross revenues,” he said. “One has to look at the bigger picture,” he added. “The government and the mining sector should sit down and look for an equitable share to have a win-win situation.” Chapter IV of the bill, on Fiscal Regime and Revenue mining/PAGE 15
obligasyon ng bawat isa na itaguyod ang kapayapaan sa Mindanao,” the President said in his speech during the 29th EDSA Revolution anniversary rites Wednesday. peace/PAGE 15
Birdwatching suspended in Mt. Kitanglad By WALTER I. BALANE, MindaNews
In a press statement, MBC chair Vicente Lao said that House Bill No. 5367, authored by Marikina Representative Romero Federico Quimbo, which gives as much as 55% of mining firms’ net incomes to government, does not actually provides equitable share as intended. “Some sectors are saying the mining companies are paying a small amount for extraction fees, but if you
Area Superintendent (PASu). Superintendent Danilo Somera said that on advice of Gov. Jose Ma. R. Zubiri Suspended/PAGE 15
PRO-AQUINO, PRO-BBL. Cotabato residents rally to express their support to President Benigno Aquino III and the proposed Bangsamoro Basic Law at the Tantawan Park in in Cotabato City on Wednesday. The residents also condemned senators they perceived as anti-BBL. mindanews photo by froilan gallardo
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