BusinessWeek MINDANAO CREDIBLE
Volume VIII, No. 6
Market Indicators As of 5:10 pm June 20, 2017 (tuesday)
FOREX
PHISIX
US$1 = P50.10
7,917.86
X
8 cents
25.89
X
points
Briefly Heightened alert MISAMIS Oriental Governor Yevgeny Vincente Emano has directed the provincial police command to strengthen inbound and outbound security measures in Misamis Oriental. In a directive addressed to Supt. Sukarno Alvarez, of the provincial police command, Emano instructed the police c ommand to strengthen checkpoints at the boundaries of Misamis Oriental and Agusan Del Norte in the east, and the boundaries of Misamis Oriental and Lanao Del Norte in the west. “It is preferable to thoroughly check all vehicles – private and government vehicles – to ensure the security of the people in the province and elsewhere in Misamis Oriental,” Emano said. Emano also appealed to the commuting public to cooperate and extend support to government authorities during checkups in designated military and police checkpoints in Misamis Oriental.
Energy security THE government is urging more private sector investments in the energy sector to meet the growing demand and bring down electricity rates in the country. “Participating in energy development projects will promote competition, increase power generation, and ultimately drive down electricity rates,” National Economic and Development Authority (NEDA) Director General Ernesto M. Pernia said in a statement. Pernia said energy security was a critical input to stimulating and sustaining socioeconomic development. He identified power and electrification as vital to the growth of the agriculture, fishery, and forestry sectors.
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F the P7.8 billion investments generated in the first quarter of this year in Northern Mindanao, P5.98 billion was invested in Cagayan De Oro City, the National Economic and Development Authority (NEDA) said here.
AGRI-AQUA FAIR. Various farm produce abound during the three-day 2nd Regional Agri-Aqua Fair here at SM City Cagayan de Oro last June 16 to 18. photo by mark francisco
Stable rice prices in Marawi assured THE National Food Authority (NFA) has assured that rice prices in Marawi City and the whole of Mindanao remain stable in the wake of reports that commercial rice is being sold as high as P225 per kilogram or P5,000 per sack. C o nt i nu o u s m a r k e t monitoring by the NFA in the
whole of Mindanao showed that there is little increase in the prices of rice at only P1/ kg to P2/kg in some areas. In Saguiaran town (where there are four accredited retailers), next to Marawi (if you are coming from Iligan City), the price of well-milled rice (WMR) is P50 to P53/
kg but there is no available regular-milled rice (RMR). NFA rice is sold at P27/ kg. Sources of rice are from Iligan City, NFA Iligan City, Cagayan de Oro, Molave and Bukidnon. In the municipalities of Marantao (which has nine prices/PAGE 11
Villagers stage protest against memorial park RESIDENTS in upper Macasandig and Indahag staged a picket rally last Saturday to protest the resumption of development work on Forest Lake Memorial Park project. Residents from Arroville Subd., Melecia Homes and Molloi Polloi assembled infront of the memorial part development project last Saturday morning to once protest/PAGE 11
NO TO MEMORIAL PARK. Residents staged a picket rally against the development of the Forest Lake Memorial Park project in upper Macasandig last Saturday.
The figure represents 90 p ercent of the total investments in Northern Mindanao from Januar y to March 2017, the NEDA report said. The report said the new investments in Cagayan de Oro comprised of agrib as e d, chemic a l-b as e d, mining and metallurgical, forest-b as e d, inf ra and services, energy, metals, consumer manufacturing, trading and servicing. Lanao Del Norte, another p r o v i n c e o f No r t h e r n Mindanao, posted PHP408
million investments last q u a r t e r, f o l l o w e d b y Bukidnon’s P186.66 million, Misamis Occidental’s P162 million and Camiguin’s P25.7 million. T h e r e g i o n ’s t o p s ources of invest ments were const r uc t ion of a new shopping mall, a new condominium project, a new coal-fired power plant, a new bulk water facility and a new water park. The new water park alone in Opol, Misamis Oriental has already infused a total of tops/PAGE 11
FORMER MAYOR PABLO “AMBING” MAGTAJAS
Profile of a reluctant public servant By MARK FRANCISCO Staff Writer
FORMER Cagayan de Oro City Mayor Pablo “Ambing” Magtajas has succumbed to cardiac arrest on. He was 77. The then-labor lawyer became Cagayan de Oro’s highest official for three terms from 1984 to 1998 after becoming a vice mayor for two years. Although initially hesitant to be in politics, Magtajas accepted the offer to run as vice mayor in 1981 when then mayoral candidate Aquilino Pimentel Jr. was looking for a formidable running mate who must also be a dedicated public servant. Magtajas’ name shone out, having been known among lowly workers as their legal champion, being a counsel for the Associated Labor Union – Trade Union Congress of the Philippines (ALU-TUCP).
Magtajas
The Pimentel-Magtajas ticket won. When Pimentel ran as assemblyman in 1984 and won, Magtajas became the reluctant mayor. Although reluctant as he was, Magtajas set in motion what would become a m o d e r n m e t rop ol i s Cagayan de Oro is today. It w a s d u r i n g h i s terms that homegrown profile/PAGE 11
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