BusinessWeek Mindanao (January 16-17, 2018)

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BusinessWeek M I N DA N A O CREDIBLE

Volume VIII, No. 101

Market Indicators FOREX

PHISIX

US$1 = P50.49

8,865.13

12 cent

7.41 points

RELIABLE

X

Briefly

Online tax payment CAGAYAN de Oro city government’s new online tax payment and billing system is now available for use to speed up transactions in Cagayan de Oro. City Treasurer Ramon Antonio Mendoza said that the City Treasurer’s Office (CTO) has already been using the new system for business permit renewal since January 3, 2018. The deadline for the renewal is on January 20, 2018. The online tax payment and billing system of the City Hall can accessed at www.cagayandeoro. gov.ph, the official website of the city. The new system aims to provide convenience to tax payers and entrepreneurs when they redeem their business permit or pay their business tax, real property tax and other fees such as the building fees, traffic violation and market stall rental payment.

Investment goals THE Board of Investments (BOI) eyes to increase investment approvals for 2018 by around 10 percent from pledges in 2017. In a press conference Monday, Department of Trade and Industry (DTI) Undersecretary and BOI Managing Head Ceferino Rodolfo said the agency targets to approve a total of P680 billion worth of investment pledges this year from P617 billion commitments last year. Rodolfo said the BOI expects that the country will attract more investments in manufacturing sector both from local and foreign sources given the robust gross domestic product (GDP), which is driven by strong domestic consumption.

IN-DEPTH

Cagayan de Oro Lapasan Highway, Cagayan de Oro City

P2-B livelihood fund sought for Marawi www.businessweekmindanao.com

As of 6:00 pm January 16, 2018 (tuesday)

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HE Department of Trade and Industry (DTI) has sought about P2 billion to fund its initiatives to bring back livelihood activities in Marawi City and its nearby areas.

ICE BLOCKS. Workers carry ice blocks to be used in cooling harvested fish are delivered into the fishport at a Mariculture Park in Panabo, Davao del Nort. photo by jun ayensa

DTI Undersecretary Zenaida Maglaya, in a briefing Monday, said the department has asked for about P2 billion as budget to roll out various projects in Marawi City being part of the Task Force Bangon Marawi. Maglaya cited the department’s initiatives to help traders in Marawi City and its peripheries as well as internally displaced persons (IDPs) due to Marawi crisis. These include shared service facilities (SSF), mobile rice mills, tricycles, and microfinancing facilities. She noted that DTI has earmarked P50 fund/PAGE 11

Job seekers abroad in AgSur can get placement fee loan from prov’l govt offered to provide financial assistance through soft loan for the placement fees of

residents who wanted to seek employment abroad. Sangguniang Panlalawigan ( SP ) me mb e r S ant i ago loan/PAGE 11

11-big-ticket infrastructure projects in Mindanao eyed

Oro Council ends landfill probe, finds no leak

By CHRIS V. PANGANIBAN, Contributing Editor

SAN FRANCISCO, Agusan del Sur -- The provincial government here has

THE Department of Public Wo r k s a n d H i g h w a y s (DPWH) will implement a total of 11 big-ticket i n f r ast r u c tu re proj e c t s which aims to improve roads network in Mindanao.

According to DPWH Secretary Mark Villar, the projects, which will be implemented from 2018 up to 2023, cover the construction of eight roads in Zamboanga projects/PAGE 11

By MARK FRANCISCO Staff Writer

THE Cagayan de Oro City Council has concluded its investigation on the reported leak at the city landfill that ends/PAGE 11

MAMANWA. Mamanwa kids play in Punta Naga Mamanwa Village in Cagdianao, Claver in Surigao del Norte. Mamanwas have remained poor despite being entitled to royalties from mining firms in the province, according to Bantay Kita, a non-government organization advocating for transparency and accountability in the extractive industry. mindanews photo by roel n . catoto

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BusinessWeek Mindanao (January 16-17, 2018) by Mindanao Daily News - Issuu