BusinessWeek MINDANAO CREDIBLE
Volume VIII, No. 18
Market Indicators As of 5:30 pm july 18, 2017 (tuesday)
FOREX
PHISIX
US$1 = P50.77
7,952.92
X
7 cents
18.42 points
X
Briefly
Rural enterprise BUTUAN City -- The International Fund for Agricultural Development (IFAD) Mission Team conducted an implementation support mission in line with the Project ConVERGE (Convergence for ValueChain Enhancement for Rural Growth and Empowerment) and visited the participating farmer-groups in TUJAKITSAN Cluster (Tubay, Jabonga, Kitcharao and Santiago) Agusan del Norte on June 28, 2017. Agusan del Norte Provincial Agrarian Reform Program Officer II Andre B. Atega welcomed the guests from IFAD Mission headed by the Country Program Officer Jerry Pacturan; Central Project Management Office, Faisar A. Mambuay; Regional Project Management Office headed by Engr. Felix B. Aguhob and staffs. The mission has discussion with coopofficers of San Isidro Upland Farmers Multi-Purpose Cooperative (SIUFMULCO), as the proponent and lead organization of the 21 Agrarian Reform Beneficiaries Organizations in TUJAKITSAN ARC assisted by the project.
Still bullish MORE French companies are keen on making their foray into the Philippines or expand their existing operations, as the two countries enhance their bilateral trade and economic relations, an envoy has said. Ambassador of France to the Philippines Thierry Mathou said they look forward to developing cooperation with the Philippines in the infrastructure, transportation and energy sectors. “So obviously, so far, I don’t see any impact of the situation in Marawi (City) on the way our companies want to develop their activities in the Philippines,” he told reporters. “Obviously, this country is booming. It’s a large market.”
YOUR Mindanao-wide BUSINESS paper
RELIABLE
IN-DEPTH
Gov’t launches dev’t plan for N. Mindanao www.businessweekmindanao.com
T
By LESLIE D. VENZON, PNA
HE government on Tuesday launched its blueprint for development of Nor thern Mindanao aime d at establishing the region as a gateway and leader in regional development in the country over the next six years.
P15.00
Wednesday | July 19, 2017
National Economic and Development Authority (NEDA) Director General Ernesto Pernia said the Northern Mindanao Regional Development Plan 2017-2022 outlined plans and programs that would ensure the socioeconomic
progress of the region that could contribute to inclusive development of the country. Pernia said the region was envisioned as a major gateway and leading industrial core and trade center in Southern Philippines, with its people enjoying equal opportunities
in sustainably harnessing its agricultural and natural resources. “While some may question the capability of Northern Mindanao to achieve this goal, it is important to note that the region contributes plan/PAGE 11
Philsaga warns workers:
Don’t be linked to robbery By CHRIS V. PANGANIBAN, Contributing Editor
ROSARIO, Agusan del Sur--A mining company has issued a stern warning against its employees and contractual workers who would be involved in stealing materials and equipment inside the
mining areas that they will be dealt with accordingly with the long arm of the law. The caution was aired by lawyer Raul Villanueva, president of the Philsaga robbery/PAGE 11
CASTING A NET TO FISH. Fishermen on board a banca cast their net to fish near a known resort in Britania, San Agustin, Surigao del Sur. photo by jun ayensa
New international RoRo vessel launched from Misor shipyard By MARK FRANCISCO, Staff Writer
THE Philippine Iron Construction and Marine Wo r k s ( P I C M W ) , t h e country’s largest shipbuilding company, has successfully launched M/V Bandanaira Dos.
In a rite held Saturday (July 15) at its Misamis Oriental shipyard, the rollon roll-off (RoRo) cargo ship will ply the international waters, was ceremonially launched from its dock in
barangay Nahalinan, Lower Jasaan, Misamis Oriental in the presence of Palawan Gov. Jose Alvarez, PICMW chairman of the board. Owned by the Philippinef lagged company Pulau Banda Corporation, M/V roro/PAGE 11
LTFRB memo won’t affect Grab commuters in Oro By MARK FRANCISCO, Staff Writer
LAND Transportation Franchising and Regulatory Board (LTFRB) 10 director Aminoden Guro assured the commuting public in Cagayan de Oro City that they could still use the taxi alternative Grab. This, despite the issuance of a memorandum by the LTFRB central office last July 11 ordering Grab to stop plying its vehicles that grab/PAGE 11
ROBBERY SUSPECTS. Former Philsaga Mining Corp. mine workers Ramil Narvasa (right), and Rhafsan Ortillano (left), were caught trying to sneak out the costly Australianmade Boar C Rockdrill. The other suspect Raybe Nabong was also caught trying to replace the entire assembly of the rear tire ofcompan-owned Honda XRM with an old and worn out tire. Photos courtesy of Philsaga Mine Security Office.
Biz group urges AirAsia to launch Davao-KL route By CARMELITO Q. FRANCISCO, Correspondent
DAVAO City -- The local business community is aiming to convince AirAsia Group Chief Executive Officer Tony Fernandes to consider making the city’s airport as its Philippine hub and to launch a Davao-Kuala
Lumpur service. Arturo M. Milan, trustee of the Davao City Chamber of Commerce and Industry, Inc. (DCCCII), said they will put forward the proposal when Mr. Fernandes comes route/PAGE 11
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776