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Volume VI, No. 008
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Market Indicators As of 6:10 pm july 10, 2015 (friday)
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Oro subds rising TWO more posh subdivision projects will rise in the city. The 17th City Council during its regular session this afternoon to be presided over by Vice Mayor Caesar Ian E. Acenas is slated to enact ordinances approving the application of Johndorf Ventures Corporation for Preliminary Approval and Locational Clearance (PALC) of its Montierra Subdivision project located at Upper Balulang. The project has an area of 64,765.28 square meters and will contain 601 houses and lots.
CDO livelihood assistance COUNCILOR Edna Dahino, chair of the City Council committee on women and family relations, on Friday requested the Community Improvement Division to submit the names of trainers and the detailed list of equipment under its Livelihood Development Program. This, after the committee discussed the request of the CID for appropriation for the program amounting to P4,290,000 with corresponding Program of Works. Crispina Estrada, representative of the CID said the city conducts skills training every year which runs from January to June and July to December. She informed the committee that there are 11 courses offered with 11 trainers under the program. These are Bread and Pastry Production, Cookery, Beauty Care Services, Massage Therapy, Dress Making, Food Processing, Automotive Servicing, Shielded Metal Arc Welding, Carpentry, Housekeeping and Electronics.
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39 stores in CdeO violates BIR’s IRSIS www.businessweekmindanao.com
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Wed-Thu | July 15-16, 2015
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By BONG D. FABE, Contributing Editor
AGAYAN DE ORO CITY — At least thirty-nine (39) wholesale and retail stores in this city are violating the Internal Revenue Stamps Integrated System (IRSIS) of the Bureau of Internal Revenue (BIR) by selling cigarette packs without the proof of tax payment labels.
The Fight Illicit Trade (Fight IT) movement also said that it has also monitored at least 20 retailers in Davao City; 9 retailers in General Santos City; and 40 retail and wholesale outlets in Zamboanga City were openly selling significant quantities of cigarette products without tax stamps. This is an open violation of the IRSIS, said Fight IT lead convenor Jesus Arranza. The Fight IT movement warned consumers against patronizing the “no tax stamps” cigarette packs as this is not only illegal without the requisite tax payment, but its origin and production are not known as well. “Tobacco products are specifically taxed per pack
at increasing rates of excise, precisely because tobacco is harmful and addictive, and the tax is intended to make the product less affordable, thereby encouraging people to quit,” Arranza said. He added: “The national and local authorities in Mindanao should be alarmed at this flagrant circumvention of the law that is not only d e ny i ng re ve nu e s , but undermining important public health objectives. Let us work together to combat this menace. We cannot allow manufacturers and store owners to be scot-free in selling illegal products without paying tax. Do we let them go when we tax-paying citizens are duty-bound to Stores/PAGE 10
CMN chief backs BBL; legal experts assure no Sharia for minorities in Bangsamoro By BONG D. FABE, Contributing Editor
CAGAYAN DE ORO CITY — The executive director of the Catholic Media Network (CMN) friday expressed support to the immediate passage of the proposed B angsamoro B asic L aw (BBL). However, Fr. Francis Lucas said that lawmakers should focus on genuine reforms and not on personal gains as he encouraged everyone who claims to be peace advocates to look into the social and economic structural reforms
and equity issues of the Bangsamoro people. CMN/PAGE 10
Tagum City officials led by Vice Mayor Geterito T. Gementiza and officials from Metro Pacific Investments Corporation and Global Green International adhering together during the groundbreaking ceremony of the Waste to Energy Facility in Barangay San Agustin in Tagum City last July 9, 2015. tagum cio
Metro Pacific constructs waste-to-energy plant in Tagum TAGUM CITY, Davao del Norte - The Tagumenyo constituency will soon see the commencement of the construction of the waste-to-energy facility on a two-hectare property in Barangay San Agustin, as the companies behind the construction of the plant slated its completion by the first quarter of 2016. The waste-to-energy facility, which had its groundbreaking ceremony
on July 9, 2015 at Barangay San Agustin, Tagum City, is expected to be fully operational by the first half of 2016 after the initial test runs. Metro Pacific Investments Corporation (MPIC) President and CEO Jose Maria Lim said that they were finalizing the technical details of the plant and that they ran into a few issues involving their engineers and designers
which caused a little bit of delay, but assured the crowd that the said issues have been resolved and that they will pursue the project as was originally conceived. “Financial arrangements with the banks are just being finalized… it’s just a timing issue with the banks when we’ll really get the facility, but as soon as we have that, we will be ordering within a month the equipment plant/PAGE 10
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