BusinessWeek M I N DA N A O CREDIBLE
Volume XIII, No. 12 AS OF 6:00 PM JULY 1, 2022 (FRIDAY)
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Briefly Property boom DAVAO City – Property development remains the city's biggest investment, an official of the Davao City Investment Promotions Center (DCIPC) on Thursday said. Christian Cambaya, head of DCIPC’s investor assistance and servicing unit, noted that big-ticket infrastructure projects have encouraged land developers to invest in the city. “It is primarily the property developers who are our city's biggest investors. The presence of huge infrastructure projects of the ‘Build, Build, Build’ program of the Duterte administration has attracted them to pour in money here,” Cambaya said in an interview.
‘Butuan On’ BUTUAN CIty – Last-termer Mayor Ronnie Vicente Lagnada vowed Thursday to continue his "BUTUAN ON" program, which he said has translated into better services for residents in the last six years. “We are right on the mark of our plans,” Lagnada said in a speech after the took oath of office for the last time as chief executive. He said BUTUAN ON, or a city ascending, is a journey with the aspiration of making Butuan a livable and sustainable city.
Microeconomic aid A NUMBER of displaced families in Marawi City managed to start their own successful businesses through the microeconomic initiative (MEI) program of the International Committee of the Red Cross (ICRC). Amer Hassan Sanggacala, ICRC Communication Officer for Mindanao, said the MEI is an intervention for recipients who are families of missing persons following the 2017 Marawi siege that leveled the city. “The program is composed of three phases. One of them is the proposal (where beneficiaries will propose their business ideas). If it is approved, it will undergo assessment in the economic security department,” Sanggacala said in an interview Thursday.
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NGCP completes vital links for Vis-Min grids www.businessweekmindanao.com
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YOUR MINDANAO-WIDE BUSINESS PAPER Mon-Tue|July 4-5, 2022
By MYRNA M. VELASCO, Contributor
I
NSTALLATION of critical components of the MindanaoVisayas Interconnection Project (MVIP) has already been completed, according to transmission system operator National Grid Corporation of the Philippines.
In a status report furnished to the media, the transmission company indicated that it already installed the Santander and Dapitan cable terminal stations; the 350-kilovolt (kV) submarine cable; and the Lala-Aurora 138kV transmission line. NGCP said the completion of the MVIP project is still “on track” by end this year. Once the facilities of the linked power systems reach commercial operations, that will finally concretize the country’s long-time dream of having an interconnected single national grid. The link-up of the power LINKS/PAGE 6
BOLO. A blacksmith displays his craftly-made bolos of different shapes and sizes in his stall in Mambajao, Camiguin. The price ranges from P300 to P1,800. Bolo-making is a growing cottage industry in the islandprovince and is popular among local and foreign tourists. photo by gerry l . gorit
Agro-industrial economic zones eyed in Davao City DAVAO City – The city government of Davao is eyeing the establishment of agro-industrial economic zones in two areas to attract more investments here, an official of the Davao City Investment Promotions Center (DCIPC) said. Christian Cambaya, head
of the Investor Assistance and Servicing Unit of the DCIPC, said that the areas initially identified for conversion into industrial economic zones include a 25-hectare property of the National Development Corp. (NDC) in Barangay Daliao, Toril and an 80-hectare privately
owned property located in adjacent Barangays Bunawan and Tibungco. He added that there is an ongoing negotiation for the acquisition by the city government of the property in Daliao from the NDC so that this city can proceed ZONES/PAGE 7
Obey rules to avoid revocation, NorMin 4Ps recipients told CAMIGUIN-BALINGOAN RO-RO. A roll-on roll-off ferry boat plying the Balingoan-Camiguin route is moored at the Benoni port. The unabated spikes in fuel prices force ferry operators to impose steep increase in fares starting this July. Newly-elected Camiguin Rep. Jurdin Jesus “JJ” Romualdo also vowed to seek measures that would improve the shipping industry in the province, a major driver of the island’s economy. photo by gerry gorit
BENEFICIARIES of the Pantawid Pamilyang Pilipino P r o g r a m ( 4 Ps ) o f t h e Department of Social Welfare and Development (DSWD) in Northern Mindanao (DWSD10) have been reminded to follow stipulations to avoid being delisted. In an interview Thursday,
Oliver Inodeo, DSWD-10 focal person for 4Ps, said acts like pawning the 4Ps cash cards is one of the violations that would delist any beneficiary from the DSWD program. “The 4Ps is not to stay forever (for beneficiaries), RULES/PAGE 6
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