BusinessWeek Mindanao (January 6, 2020)

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BusinessWeek M I N DA N A O CREDIBLE

Volume X, No. 85

AS OF 6:00 PM JAN. 3, 2020 (FRIDAY)

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Briefly Qatar Fund THE Qatar government hopes to fund development projects in the Philippines focused on infrastructure, human capital development and assistance to the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). In a statement Friday, Finance Secretary Carlos G. Dominguez III said the Qatar Fund for Development (QFFD) has committed to provide assistance in these areas. Mr. Dominguez said QFFD will likely help fund the government’s efforts to support BARMM, peace-building programs in the south, and strengthen Islamic banking. It will also support targeted sectors such as education, fisheries development, rural infrastructure development, health care, disaster risk reduction and management and the energy sector.

Fastest economy THE Philippine economy remained one of the best performers in Asia after rebounding from an initial slowdown in the first two quarters of 2019 amid obstacles, reflecting the government’s spending catchup and easing inflation. Socioeconomic Planning Secretary and National Economic and Development Authority (NEDA) Director General Ernesto Pernia said the goal of advancing to an upper middle-income status is “going to be surer this year”.

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CDO coops to bring water to rural areas www.businessweekmindanao.com

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By JIGGER JERUSALEM, PNA

GROUP of cooperatives here have pooled resources together to put up their own water company to bring potable water to the city’s rural areas. In a joint venture agreement signed Thursday, the Mindanao Cooperatives Water Service Federation ( MC WS ) - - a g roup of cooperatives mainly based

in Cagayan de Oro--and Kyogojo Engineering Service Cooperative (KESC) agreed to operate their own water system with an initial capital WATER/PAGE 9

7th Kuyamis Fest 2020 opens today in Misor By GERRY LEE GORIT, Reporter

MISAMIS Oriental--The 7th Kuyamis Festival 2020 officially starts today (January 6) and will culminate on January 11, said Provincial Tourism Officer Atty. Jeffrey C. Saclot.

Saclot said that one of the flagship programs of Governor Yevgeny Vincente "Bambi" Emano is about promoting tourism, celebrate agricultural abundance, and KUYAMIS/PAGE 9

KUYAMIS FESTIVAL 2020 OPENING SALVO. Kuyamis Festival 2020 kicks off today, January 6, with a grand parade and streetdancing competition to be participated by various municipalities and cities in Misamis Oriental. At right, a collage of a Kuyamis (young buko) inspired Custume worn by Miss Kuyamis 2020 hopeful Ms.Samantha Pauline Feranil of Gingoog City.The gown already won as "Best in National Custume" in Miss Philippines Earth in 2018 and 2019 worn by Ms.Berjaneth Chee and Ms.Ana Monica Tan respectively. mdn file photos by gerry lee gorit

Water firm maintains legal operations in Oro villages By JIGGER JERUSALEM, PNA

ARMED with a court order, the water provider servicing the Barangay Lumbia and other upland villages in

Cagayan de Oro City is insisting it has the legal right to operate despite opposition from local officials and some

residents. Jed Lasmarias, general m a n a g e r o f Ky o g o j o Engineering Services Cooperative (KESC), said LEGAL/PAGE 9

OFF TO KOREA. Volunteers continue loading trash from the Verde Soko compound in sitio Buguac, Sta. Cruz, Tagoloan, Misamis Oriental to be sent back to South Korea. Bureau of Customs district collector John Simon is rallying the people to participate in the efforts so the remaining 5,177 tons of alleged recyclable plastics will be shipped back. photo by mark francisco

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