BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 004
X
Market Indicators As of 6:00 pm july 3, 2015 (friday)
FOREX US$1 = P45.02
13
PHISIX
X Briefly
cents
X
7,535.30
43.01 points
New MinDA exec DAVAO City -- A key business leader from Mindanao was officially sworn in as member of the Mindanao Development Authority Board of Directors (MinDA-BOD), strengthening further the participation of the private sector in delivering good governance and development initiatives in the island-region. Mindanao Business Council Chair Vicente Lao was sworn in by President Benigno Aquino III on Tuesday at the Malacañang Palace, officially designating him as the representative of the private sector (business sector) in the MinDA-BOD. “I am happy to note that we have one of the most distinguished business leaders of Mindanao sitting with us in the board. His participation will allow us to develop and determine programs that will improve the region’s business climate,” said Secretary Luwalhati Antonino, MinDA chair.
Siargao bank THE Philippine Deposit Insurance Corporation (PDIC), the Receiver of the closed Siargao Bank (A Rural Bank), Inc. reminded borrowers of the bank to continue to pay their loans and transact only with authorized PDIC representatives. Siargao Bank was placed under the receivership of the PDIC by virtue of Monetary Board Resolution No. 919.B dated June 11, 2015. In a statement, PDIC advised borrowers of Siargao Bank to pay their loans and other obligations directly at any Philippine National Bank (PNB) Branch under account name, PDIC FAO BURL (SIARGAO BANK, INC.). PDIC emphasized that it has not engaged any person, agent or agency to collect the loan payments for and in behalf of the bank.
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R-10 is country’s top 5 investment destination By IRENE DAYO, Staff Writer and JASPER MARIE OBLINA-RUCAT, Contributor
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ORTHERN Mindanao has emerged as the country’s top 5 investment destination with a combined total of P123,321-billion poured in the region from 2010 to 2014, data from the Department of Trade and Industry (DTI) – Board of Investments’ (BOI) showed. Among the industries that pumped prime the region’s investment climates are the accommodation and food s er v ice, administ rat ive and support ser vice, agriculture, forestry and
fishing, electricity, gas, steam and aircon, information and communication, manufacturing, real estate activities and transportation and storage. Top 5/PAGE 11
FRYING BANANAS. A vendor fries banana in his makeshift kitchen at the public market in Malaybalay City. mindanews photo by h . marcos c . mordeno
Rufus sees BBL to pass constitutional tests By BONG D. FABE, Contributing Editor
R E P. Ru f u s R o d r i g u e z (2nd District, CDP) and Akbayan partylist Rep. Ibarra Gutierrez last week
Region (BLBAR) or House Bill 5811 will pass any and said they strongly believed all constitutional scrutiny. the Bangsamoro Basic Law Gutierrez, a professor (BBL) or the Basic Law for at the University of the the Bangsamoro Autonomous BBL/PAGE 11
RUFUS: BBL consistent with Bangsamoro aspirations.
Centrio, OPS to spearhead 1st Mindanao Photo Summit By SHAUN ALEJANDRAE YAP UY Associate Editor
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T H E C a g ay a n d e O ro photography club, Oro Photographic Society (OPS), full story/PAGE 12
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