BusinessWeek MINDANAO
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YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 083
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Briefly 4P’s payout MARAWI City -- The Department of Social Welfare and Development in the Autonomous Region in Muslim Mindanao (DSWD-ARMM) resumes the payout of cash grants to beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) in Maguindanao after months of delay. The release of payout for Period 6 covering the months November-December in 2012 and for the same period in 2014 to 22 towns of Maguindanao will start on Thursday, January 7. Towns in Maguindanao’s first district where qualified beneficiaries would soon receive cash grants are Barira, Matanog, Parang, Datu Blah Sinsuat, Upi, Sultan Mastura, Sultan Kudarat, North Kabuntalan, South Upi, Mother Kabuntalan, and Datu Odin Sinsuat (Dinaig).
Fewer poor MALACAÑANG welcomed the results of the latest Social Weather Stations (SWS) survey on self-rated poverty and self-rated food poverty which showed a decrease in the number of poor Filipino families, saying the government anti-poverty program is gaining ground. “We acknowledge the latest Social Weather Stations (SWS) survey on self-rated poverty and self-rated food poverty showing a decrease in the number of Filipino families who considered themselves as poor and ‘food-poor’ at 50 percent and 33 percent, respectively,” said Communications Secretary Herminio Coloma Jr. Wednesday. “We note that the rating for self-rated hunger is the lowest since 2011 while the rating for self-rated food poverty is two percentage points lower than the 35 percent recorded in September last year,” Coloma said.
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Mindanao grid back to ‘yellow alert’ level www.businessweekmindanao.com
Friday | January 8, 2016
T
P15.00
By CHENG ORDONEZ, Executive Editor
HE National Grid Corporation of the Philippines (NGCP) has brought back Mindanao grid’s alert level to “yellow” following a reported thinning power reserves which is less than the capacity of the largest synchronized unit of the grid.
NGCP Mindanao operations and maintenance head Engr. Emmanuel Abellanosa said the grid’s thin power reserves allowed the system to pull back its alert level to yellow from the “red alert” they issued on Wednesday. grid/PAGE 7
Thousands expected to join ‘Black Nazarene’ procession By MARK FRANCISCO, Staff Writer
EVERYTHING is set as about 100,000 devotees are expected to join the procession during t he Fe ast of t he Black Nazarene in Cagayan De Oro City on January 9 here,
organizers said yesterday. Cagayan De Oro City, the premier capital of Northern Mindanao, is the only city outside Manila allowed by the procession/PAGE 7
NAZARENE ICONS. A day before the Black Nazarene procession, vendors selling miniature religious icons line up C.M. Recto Street in front of the Nazareno Church in Barangay Lapasan, Cagayan de Oro City on Wednesday. mindanews photo by froilan gallardo
ARMM sees more investments, jobs in 2016
Expression of faith.
THE Regional Board of Inve s t m e nt s i n t h e Autonomous Region in Muslim Mindanao (RBOIARMM) is expecting to draw more investments this year.
Atty. Ishak Mastura, RBOI-ARMM chairperson, said the agency is targeting to generate at least P900 million worth of investments and 900 new jobs in 2016, conservative
figures considering what the regional government has achieved last year. RBOI-ARMM posted P6.5 billion worth of new projects jobs/PAGE 7
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