BusinessWeek Mindanao (June 30 - July 1, 2016)

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BusinessWeek MINDANAO

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2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VII, No. 011

Market Indicators As of 6:15 pm june 30, 2016 (thursday)

FOREX

PHISIX

US$1 = P47.007

7,796.25

X

4.7 cents

2.28

X

points

Briefly Consumer protection ILIGAN City -- Iligan City Local Price Coordinating Council (LPCC) tackled during its second Quarter meeting calendar of activities for the period June to December 2016 in its mandate to protect the interest and welfare of the consumers. In order to achieve its mandate and sustainability, the city government has allocated an annual fund of P100,000 for the council to be taken from the appropriation of the City Mayor’s Office. This according to Joseph Benjie Teves, community relations officer, who attended the meeting representing the offices of City Mayor office and Administrator.

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Duterte sworn in as PH’s 16th President www.businessweekmindanao.com

Thu-Fri | June 30 - July 1, 2016

By BENJAMIN NATHANIEL T. BONDOC and JELLY F. MUSICO Philippine News Agency

T

HE former mayor of the southern city of Davao, Rodrigo Roa Duterte formally took his oath on Thursday noon as the Philippines’ 16th chief executive. Duterte replaced outgoing Pres. Benigno Aquino III who arrived around 10:25 a.m. in Malacañang. The two met for over 30 minutes at the President’s Hall Sala before Aquino was given departure honors at the Palace Grounds. After the final military

honors highlighted by 21-gun salute was given for Aquino, the incoming and outgoing le aders of t he countr y talked again very briefly before Duterte escorted his predecessor to the vehicle that brought Aquino to his residence at Times Street in Quezon City.

After the singing of national anthem and a joint prayer, veteran singer Freddie Aguilar sang Duterte’s campaign jingle “Duterte para sa Tunay ng Pagbabago” to the tune of Aguilar’s famous song “Ipaglaban Mo.” Then incumbent Senate President Franklin Drilon read the Joint Resolution No. 1 of the Congress, sitting as Presidential Electoral Tr i b u n a l , p r o c l a i m i n g Rodrigo Duterte and Ma. Leonor “Leni” Robredo as winners of the presidential duterte/PAGE 7

P15.00

PRESIDENT DIGONG. Long-time Davao City Mayor Rodrigo Roa Duterte takes his oath before Supreme Court Associate Justice Bienvenido Reyes as the country’s 16th President. Photo courtesy of Malacanang News and Information Bureau

First order of business:

Digong eases processing of gov’t transactions By Kris M. Crismundo, Philippine News Agency

PRESIDENT Rodrigo R. Duterte, the 16th President of the Philippines, is known for his strong words against illegal drugs and criminality, but his first order as the countr y’s new executive to e as e t he pro cess of government transactions, is now making the business community rejoice. In his inaugural speech

Food-for-work MARAWI City -- The Autonomous Region in Muslim Mindanao (ARMM) distributed close to 3,000 sacks of rice and containers of palmoline oil to farmers in South Upi town in Maguindanao province, one of the towns in the region severely hit by drought. The distribution is under the Food-for-Work program implemented by the region’s humanitarian and emergency action response team in partnership with the United Nations World Food Programme (UN-WFP). ARMM Executive Secretary lawyer Laisa Alamia and UN-WFP Program Officer Michael Argonza led the food distribution on 28 June. “This is just the first batch of assistance in the three barangays in South Upi that include Barangay Biarong, Lamud and Bongo, we will also implement this program in other barangays,” Atty. Alamia said.

Corporation

T h u r s d a y, P r e s i d e n t Duterte directed all Cabinet secretaries and agency heads to reduce requirements and the processing time of all applications from the time of submission to release. He also ordered to remove redundant requirements and “compliance with one department or agency, shall eases/PAGE 7

Lumad group hopeful of Duterte admin By MARK D. FRANCISCO Staff Writer

A LUMAD advocates’ group in Cagayan de Oro City greeted President Duterte’s first day in office with a plea to look at the plights of indigenous peoples in Mindanao who they said were still suffering from various atrocities in the six years of the Aquino administration. The Iligan City-based group Rural Missionaries hopeful/PAGE 7

BRIDGING THE CULTURAL DIVIDE.A Catholic nun and a Lumad leader share a meal during an indigenous peoples’ gathering held last Wednesday in Cagayan de Oro City. PHOTO BY MARK FRANCISCO

THE PRESIDENT’S CHILDREN. President Rodrigo Roa Duterte signs his oath of office with his four children behind him (L to R) Paolo, Sara, Veronica and Sebastian. Looking on is Supreme Court Associate Justice Bienvenido Reyes, who administered Duterte’s oath as the 16th President of the Philippines, the first Mindanawon to lead the country. Photo courtesy of Malacanang News and Information Bureau

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