BusinessWeek Mindanao (June 5-6, 2015)

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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume V, No. 180

X

Market Indicators As of 6:12 pm june 5, 2015 (friday)

FOREX

PHISIX

US$1 = P44.81

7,517.47

X

7 cents

X

34.49 points

Briefly Informal settlers A LAWMAKER of the local legislative body here on Thursday hailed the approval of a law that requires an “on site relocation” of informal settlers in the city. City Councilor Ramon Tabor, chair of the city council committee on laws and rules, said that the committee on urban poor elsewhere in the country has been batting for the on-site relocation in order to be near their sources of livelihood. Tabor made the statement after the House of Representatives on Monday approved on third and final reading House Bill No. 5144, which mandates the relocation of Informal Settler Families (ISFs) within or near the cities where they lived.

Crop insurance TAGUM City -- Davao del Norte farmers this year will enjoy full insurance subsidy from the Philippine Crop Insurance Corporation, Provincial Agriculture Office chief, Dr. Anastacia Notarte recently said. In an interview during the recently concluded Farmers and Fisherfolk Day celebration in May, Dr. Notarte said that PCIC will be paying this year the full insurance premium amount of about P1,900 per cropping season per hectare. Those registered as bonafide farmers of Davao del Norte during the 2012 Agriculture Census can avail of the free insurance premium of PCIC given to farmers of rice and corn, small banana plantations and high value crops, among others.

2014 ppi’S Best in ENVIRONMENTAL Reporting

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Railway system seen to spur M’danao devt www.businessweekmindanao.com

Fri-Sat | June 5-6, 2015

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By MARK FRANCISCO, Staff Writer

USINESSES IN Cagayan de Oro City, the economic hub of Northern Mindanao, have renewed their efforts to get the Mindanao Railway System (MRS) back on track amid hopes that it will spur economic development outside the capital region.

Cagayan de Oro Chamber of Commerce President Cerael C. Donggay said new

mass transport systems, in whatever form it may take, railway/PAGE 9

Sans biometrics, one can’t vote- Comelec RECORDED HISTORY. Moro women use a mobile phone camera to record the public hearing on the Bangsamoro Basic Law at the Philippine Senate on Wednesday. mindanews photo by froilan gallardo

Rufus: lack of quorum to delay BBL approval By CAROLYN O. ARGUILLAS, MindaNews

CAGAYAN de Oro Rep. Rufus Rodriguez admitted Tuesday night that the issue

on quorum is affecting their June 11 target to approve House Bill 5811, the substitute

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bill to the draft Bangsamoro Basic Law (BBL). This, as the President Aquino has yet to certify lack/PAGE 11

Some 38,824 voters in Misor, Cagayan de Oro may be disenfranchised in 2016 polls By URIEL C. QUILINGUING, Contributing Editor

A n o f f i c ial o f t h e Commission on Elections yesterday urged some 38,824 registered voters in Misamis Oriental and Cagayan de Oro to submit themselves for biometrics without which

they will not be allowed to cast their votes in next year’s May 9 national and local elections. Provincial election super visor Carlito L. Ravelo, during yesterday’s MediaKonek at the Cagayan de Oro Press Club, said through the figure is only 4.89% of the 793,649 registered electorates in Misamis Oriental yet the 38,824 voters could still make or unmake a candidate, especially in local elections. Ravelo said the number of voters in Misamis Oriental who must undergo validation through biometrics-- that of vote/PAGE 9

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