BusinessWeek Mindanao (June 1, 2015)

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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

Volume V, No. 178

X

Market Indicators As of 6:56 pm may 29, 2015 (friday)

FOREX

PHISIX

US$1 = P44.59

7,676.61

1 cent

X

X

171.58 points

Briefly Surplus vehicles THE Cagayan de Oro City Councilor has passed a resolution seeking a moratorium on the implementation of the new policy on renewal of surplus vehicles here. City Councilor Ramon Tabor, chairman of the committee on police, fire, and public safety, said on Friday the local body addressed the resolution to the Land Transportation Office (LTO), which issued Memorandum Circular AVT-2014-1877 that declares as “smuggled” surplus vehicles without a Motor Vehicles Users Charge document whose registration has not been renewed and where the importers failed to pay the proper duties and taxes. According to the councilor, the new policies would also affect the local government units (LGUs) since the LGUs are also using surplus multi-cabs and dump trucks.

2014 ppi’S Best in ENVIRONMENTAL Reporting

C

Monday | June 1, 2015

By FERDINANDH B. CABRERA, MindaNews

OTABATO City — Some 500,000 people in 214 conflict-affected villages in Mindanao have been reached by a multi-donor program in support to the peace process since 2006.

The program was in response to the request of the Philippine government in 2002 to organize a Mindanao trust fund to support the

peace process. Since the launch i n 2 0 0 6 , t he f u nd has provided P1.3 billion for funds/PAGE 11

HIGH WIRES. Without benefit of a safety belt, hard hat or gloves, these contracted workers of a telecom giant are putting themselves at risk working so close to high tension electric wires and without Early Warning Devices while working on a very busy portion of CM Recto Avenue next to the Licoan Flyover Saturday afternoon. bwm photo by mike baños

South Korean company to conduct feasibility study for Samal bridge

Irrigation devt TANDAG City – The Provincial Irrigation Management Office (PIMO) of the National Irrigation Administration (NIA) in Surigao del Sur has revealed the status of irrigation development provincewide as of May 15, 2015. Engr. Salome Layasan, PIMO division manager, indicated that figures have remained on the rise in the status report for CY-2012, QRF, CY-2013, and CY-2014 irrigation projects costing up to a total of P1,227,037,362,52. These are broken down as follows: For CY-2014— P184,854,000; CY-2013— P337,640,000, and; CY2012—P704,543,362.52. Correspondingly, physical and financial accomplishments have been posted at 66.39 percent and 53.13 percent; 91.25 percent and 65.16 percent, and; 77.43 percent and 67.44 percent, respectively.

P15.00

War-torn villages get P1.3-B in peace funds www.businessweekmindanao.com

By CARMELITO Q. FRANCISCO, Correspondent

PLENARY DEBATE BEGINS. Cagayan de Oro City Rep. Rufus Rodriguez (2nd dist.) consults her staff during the House ad hoc committee meeting on May 20. Rodriguez, who chairs the said panel that approved the draft Bangsamoro Basic Law, is set to deliver today, June 1, his sponsorship report before the plenary. mindanews photo by froilan gallardo

P833M aggie projects under PRDP eyed

M A R AW I C it y - - T h e Autonomous Region in Muslim Mindanao (ARMM) is pushing for the inclusion of roughly P833 million worth of projects into the budget of the Department of Agriculture’s Philippine prdp/PAGE 11

DAVAO City -- The South Korean company with a pending proposal to set up a light railway transit (LRT) system in Davao City has also offered to undertake

a feasibility study for the construction of a bridge c on n e c t i n g t h e Is l an d Garden City of Samal to the Mindanao mainland. Korea Engineering and

Construction Corp. plans to draw up a study for two possible connecting points from Samal, one to the independent city of Davao City, which would cover a shorter distance, and the study/PAGE 11

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