BusinessWeek MINDANAO
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Volume IV, No. 57
Market Indicators
As of 5:57 pm jan. 28, 2014 (Tuesday)
FOREX
PHISIX
US$1 = P45.23
6,022.81 points
14 cent
X
X Briefly 58.80 points
Education budget ADVANCING quality education in the country continues to be a priority under the Aquino administration’s 2014 budget, with the education sector claiming a significant part of the total P841.8-billion allocation for social services in the FY 2014 General Appropriations Act (GAA). Social services—which represent 37.2% of the total P2.265-trillion National Budget for the year—are the cornerstone of the Administration’s poverty reduction plan. Programs and priorities under this sector include those that will improve public education, health care, and other antipoverty services across the country. “A considerable portion of the 2014 budget will help ensure the continued improvement of our public education system. Last year, we were successful in narrowing down most of our educational requirement gaps, and we’re even more determined now to address the remaining deficiencies completely,” Budget Secretary Florencio “Butch” Abad said.
Zambo earns more tax in first 20 days of 2014 By MINDANEWS ZAMBOANGA City – The city government collected P4.78 million more in taxes in the first 20 days of this year compared to the same period in 2013. Officials credited the increase to the cutting down of the process for business permit renewal from five to three steps. Benjie Barredo, head of the city’s Business Permits and Licensing Office (BPLO), said the business tax collection from January 1 to 20 this year reached P66.898 million. The collection for the same period last year was P62.112 million.
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Italpinas vows to help make CDO becomes a climate-resilient city FOLLOWING the destruction wrought by Tropical Depression Agaton in Northern Mindanao, an emerging leader in the P h i l ippi n e s u s t a i n a b l e building sector reiterates its commitment to help Cagayan de Oro become a
more climate-resilient city. “When we first came to Cagayan de Oro in 2009, we were told that the city was outside the typhoon belt. But Tropical Storm Sendong came along, then Pablo and now Agaton. Clearly, the weather in the city is rapidly changing
and it is incumbent upon us to adapt quickly to this new reality,” said Architect Romolo V. Nati, CEO and Executive Chairman of Italpinas Euroasian Design a n d E c o - D e v e l o p m e nt Corporation, owners and italpinas/PAGE 11
Rural devt program gives farmers e-learning tools By CARMELITO Q. FRANCISCO Correspondent
DAVAO City -- The Mindanao Rural Development Program (MRDP) has developed 11 electronic learning modules as part of its capabilitybuilding tools for farmers and other program stakeholders to improve their knowledge of the latest agricultural technologies. “Although developed u n d e r M R D P, t h e s e e-learning modules will also serve as valuable reference f o r i mp l e m e nt e r s a n d stakeholders of the upcoming Philippine Rural Development Program (PRDP),” Lealyn A. Ramos, program director, said, referring to MRDP’s extension program, which will be national in coverage. PRDP, to run for six years with a P24.54-billion budget, will also create a tool that
will prioritize investments that can withstand extreme weather problems. The program will cover 80 provinces. About P20.553 billion of the funding will come from the World Bank in the form of a loan, and another P287-million grant will come from the Global Environment Facility. In a press statement released on Saturday, the MRDP said the modules program/PAGE 11
Lim Lo Suy installed as Potentate of Agila Shriners of Mindanao CSOs to hold peace rallies in support of GPH-MILF talks By CHENG ORDOÑEZ
Twenty seven years after he travelled through the hot sands of the Filipinas Shrine Club under the jurisdiction of the Aloha Temple of Hawaii, Illustrious Peter U. Lim Lo Suy assumes the highest and esteemed position of Potentate of the Agila Shriners of Mindanao, along with other officers during a solemn and fitting installation of officers for the Shrine Year 2014, Saturday, January 25, 2014, at the Emerald Ballroom of the posh and luxurious Limketkai Luxe Hotel in Cagayan de Oro City. The Agila Shriners of Mindanao was under the jurisdiction of the Aloha Temple of Hawaii from 1986 before becoming the 195th temple chartered by the Shriners International on July 2, 2012. The installation of Illustrious Peter Lim Lo Suy as Potentate, along with 12 other officers for the year 2014, drew a huge number of dignitaries and nobles from the international Masonic communities as well
as from Luzon, Visayan and Mindanao. Main guest of honor was MW Juanito G. Espino, Jr., Grand Master of the Grand Lodge of the Philippines. Past Potentate Terrence Derby and Past Potentate Pablo Ko, Jr. were the Intalling Officer and Installing Marshall, respectively, of the new set of officers. The new Potentate earned the highest see full story | PAGE 4
Mindanao Daily NEWS
By MINDANEWS
COTABATO City -- Civil society organizations in Mindanao will conduct simultaneous peace rallies, dubbed “Drums for Peace,” in key cities in the island on Wednesday (Januar y 29) to drumbeat support to the peace process between the Government of the Philippines (GPH) and the Moro Islamic Liberation Front (MILF). Organized by the Mindanao Peoples Caucus (MPC) in partnership with other nongovernment organizations working for peace in the island, the peace
rallies will be held in the cities of Cotabato, Zamboanga, Davao, Iligan, Marawi and General Santos from 10 a.m. to 12 noon. Lawyer Mary Ann Arnado said they organized the peace rally in support and as thanksgiving to the signing of the Annex on Normalization, the last of the four annexes to the Framework Agreement on the Bangsamoro (FAB). The GPH and MILF peace panels clinched the normalization annex last Saturday during the 43rd Formal Exploratory Talks rallies/PAGE 11
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