BusinessWeek Mindanao (July 31, 2017)

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BusinessWeek MINDANAO CREDIBLE

Volume VIII, No. 23

Market Indicators As of 5:00 pm july 28, 2017 (friday)

FOREX

PHISIX

US$1 = P50.582

8,071.47

3.6 cents

X

25.6 points

Briefly

X

UK firms DAVAO City -- A number of United Kingdom-based companies are collaborating with local firms on possible investment venture in Davao City. These were the companies that explored opportunities in Davao in previous visit spearheaded by the British Chamber of Commerce – Philippines. Chris Nelson, president of the British Chamber, said these 37 companies were part of the 50 companies he previously brought to Davao City to see the opportunities here. Of the 50, two companies have started to firm up partnership with local companies. They are the YLF, an engineering consultancy firm and SeaGard, which offers monitoring and protection service for marine asset. Nelson said the British Chamber UK-based companies successfully do business in the Philippines. Among them are Foster & Freeman, R&B Distillers, PayWizard, Symphony Environmental, and Yllume. The companies exploring Davao City are Anpario, ARUP, AstraZeneca, Bold Native Advisors, Energy Island Bell Pirie Ltd., GSK, Gluon, HSBC, JLT Insurance Brokers, Party Building Products, Pricewaterhousecoopers, Pru Life UK, Standard Chartered, Unilever, and Voltcom Group UK.

Japanese aid JAPAN on Friday vowed to extend USD2 million (around PHP101 million or 222,000,000 Japanese yen) in humanitarian grant aid to support relief operations for those affected by the ongoing fighting in Marawi City. Its embassy in Manila said the assistance would be channeled through the United Nations World Food Programme (WFP) and the United Nations Children’s Fund (UNICEF). “Taking the strong bilateral ties between Japan and the Philippines into consideration, which are re-affirmed by Prime Minister Abe and President (Rodrigo) Duterte on a number of occasions, Japan has decided to extend the humanitarian grant aid to support the affected population in Mindanao,” it said in a statement. Of the total amount of aid, the embassy said USD1.2 million that were allocated to WFP would be used to provide meals for the affected population and school meals for children in the affected areas.

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Flow of goods in Normin remains stable: BOC-10 www.businessweekmindanao.com

Monday | July 31, 2017

By JIGGER J. JERUSALEM, PNA

T

HE f l ow of go o ds and services has remained stable in Northern Mindanao amid the implementation of Martial Law. If at all, military rule has even created a stable environment for peace and order that encouraged importers to ship their goods in the region, said Alvin Enciso, chief of BOC-10’s Customs Intelligence and Investigation Service (CIIS). President Rodrigo Duterte declared martial law on May 23 following the siege of Marawi City of an ISIS- inspired extremist group that has resulted to the displacement of thousands of residents and the death of hundreds of civilians. The installation of checkpoints, specifically in highways that cut through the cities of Iligan and Cagayan de Oro, has been perceived as advantageous by the importers since their cargoes pass through these highly secured areas, said Enciso. Collection figures are also up since Martial Law was imposed, Enciso said, adding that “even our imports have gone up.” In June, the Mindanao Container Terminal (MCT) sub-port in Tagoloan, Misamis Oriental, where the bulk of the imported materials arrive from other countries, recorded a collection of P811.23 million, or 12.50 percent increase from its P721.11 million target, said Samson Pacasum, the port collector. The MCT is one of the sea ports under the jurisdiction and management stable/PAGE 11

VIEW OF LAKE LANAO. View of Lake Lanao from the Grand Mosque of Bacolod Kalawi (formerly Bacolod Grande) in Lanao del Sur. Hundreds of families from Marawi City fled to this town at the onset of the Marawi Crisis in May, expecting to stay only for a few days. The Marawi Crisis entered Day 67 on Friday. mindanews photo by froilan gallardo

‘Safety nets’ sought for workers displaced by drive against labor contractualization By MINDANEWS

GENERAL Santos City -- South Cotabato Gov. Daisy Avance-Fuentes urged the national government to set

more “safety nets” for workers who might be displaced as a result of t he cont inuing crackdown against

labor contractualization. This, as the local government projected that around 13,000 private workers in the province could face retrenchments in the coming months, with the government

resolved to end illegal labor contractualization schemes in various industries. Such figure was based on estimates from industries operating within the workers/PAGE 11

CebuPac launches 5 new routes By CARMELITO Q. FRANCISCO Correspondent

DAVAO City -- Cebu Air, Inc. opened this week five new domestic routes, c o u nt i n g o n d e m a n d from domestic leisure and business travelers. The budget car r ier added the following flights: Zamboanga-Cagayan de Oro, Zamboanga-Cotabato, Cebu-Masbate, DavaoDumaguete, and Davao Tacloban. The Zamboanga City Government, in a statement, routes/PAGE 11

Cebu Pacific Air opened last week five new domestic routes.

MAPPING OUT GROWTH. Newly installed Phividec Industrial Authority-Misamis Oriental (PIA-MO) administrator Atty. Franklin Quijano takes a look at the expanse of the eco-industrial zone as he draws up plans for it. Quijano assumed the PIA-MO leadership on Friday, July 28. photo by gerry lee gorit

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