BusinessWeek Mindanao (June 19-20, 2015)

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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume V, No. 186

X

Market Indicators

As of 6:30 pm june 18, 2015 (thursday)

FOREX US$1 = P44.95

13

PHISIX 7,606.86

X X Briefly

cents

70.55 points

Info caravan IN coordination with Regional Association Government of Communicators (RAGCOM) region 10, Philippine Information Agency (PIA) region 10, an Information Caravan 2015 was conducted in the municipality of Don Carlos, province of Bukidnon on 16 June 2015. PIA Regional Director Thelma B. Oliver emphasized the importance of the activity. She said that there are a lot of good news and government services that the communities ought to know. These are some highlights underscored in the information caravan. Research Specialist of Bangko Sentral ng Pilipinas (BSP) Dexter Demafeliz announced the replacement of banknotes or demonetization schedule. He said that the all old series with old logo of BSP will only be effective in 2015.

Decarbonized economy BUTUAN City -- The Department of Environment and Natural Resources (DENR) strongly supports and advocates decarbonizing economy by replacing fossil fuels with renewable sources of power such as hydro, geothermal, wind, solar, and bio energy in running the economic activities and by planting more trees that can absorb carbon dioxide and other greenhouse gases (GHG). In a press statement during the World Environment Day Media Conference held at DENR-13 Regional Learning Center, DENR Caraga regional director Nonito M. Tamayo said that every locality must adopt a decarbonized economy in order to have sustainable economy without degrading the environment. “World leaders from 196 nations will gather in Paris on December 2015 to primarily discuss the Earth Statement on Eight Essential Elements of Climate Action, which could be an environmental blue print for new Millennium Development Goals or MDG. Some of these essential elements include recognition of the government commitment to limit to below two degrees Celsius heat and the assistance to poor countries through overseas development assistance (ODA) for decarbonized economy,” Tamayo revealed.

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WITH FINALITY:

DOJ junks Oro govt’s plea to void tax code T

By MARK FRANCISCO, Staff Writer

HE Department of Justice (DOJ) decided with finality to uphold the 2015 Cagayan de Oro City Revenue C ode, effectively quashing the city government’s opposition to the ordinance which was passed by a politically divided City Council in December last year.

WAITING. A dog waits for a group of people taking their snacks at a bakeshop in Malaybalay City to part with their bread. mindanews photo by h . marcos c . mordeno

In a five-page DOJ decision dated May 22, 2015 and released only lately, Justice Secretary Leila de Lima said that City Hall’s arguments that the ordinance did not undergo public hearing and were not posted in public places could not hold water. The decision stated that the City Council successfully completed the requisites of the ordinance passage by posting the proposed measure

at the bulletin boards at the Legislative Building of City Hall, the then Hall of Justice and the barangay halls of Bulua, Puerto, Puntod and Barangay 33. Earlier, the City Legal Of f ice argued that the notices have been torn down. However, the DOJ pointed out that the City Council that under the Local Government Code, only three junks/PAGE 11

Normin posts higher agri production in Q1

Army helps rehab mosque in M’danao as gift of peace

By MARK FRANCISCO, Staff Writer

By FERDINANDH B. CABRERA MindaNews

PA L AY p r o d u c t i o n i n Northern Mindanao reached 180,694 metric tons during the first quarter of 2015, a 2.78 percent growth compared to the same period last year. In their quarterly report released Thursday, the National Economic Development Authority ( Ne d a ) re g i ona l of f i c e here stated that Bukidnon’s

production, which accounted for 69 percent of the regional total, grew by 3.16 percent due to the installation of a new irrigation facility in Malaybalay City. Meanwhile, the increase in production in Lanao del Norte was due to the movement of harvest from the second quarter to the agri/PAGE 11

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Robust agri production in northern Mindanao. File photo

TUKANALIPAO, Mamasapano, Maguindanao - - As t h e m ont h - l on g observance of Ramadhan starts today (Thursday), Muslims here can now pray more comfortably as soldiers and local residents rushed day in and day out the rehabilitation and beautification of a mosque right in the place where the infamous “Mamasapano Encounter” took place. “A perfect gift for peace and healing,” said Tukanalipao barangay chairman Esmael Hashim. Hashim, together with his constituents, were so thankful that despite the recent dark experience in their community, hope still exists. rehab/PAGE 11

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