BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 146
Market Indicators As of 6:00 pm june 3, 2016 (friday)
FOREX
PHISIX
US$1 = P46.493
7,514.22
7
X X Briefly
cents
49.63 points
National debt reaches P5,884-B
THE National Government’s (NG) outstanding debt was recorded at P5,884 billion as of end-April 2016. Total NG liabilities is lower by 0.3% or P15.46 billion compared to the end-March level primarily due to the redemption of domestic debt. Meanwhile, total NG debt has declined by 1.2% or P70.88 billion from the beginning of the year. NG domestic debt amounted to P3,769 billion, 1.9% or P71.95 billion lower than the end-March 2016 level. The reduction in domestic obligations reflects the net redemption of government securities amounting to P72.30 billion, offsetting the P0.35 billion effect of peso depreciation against the USD on the value of multicurrency denominated debt. Yearto-date, the level of domestic debt has decreased by 3.0% or P115.07 billion.
www.businessweekmindanao.com
2014 ppi’S Best in ENVIRONMENTAL Reporting Monday | June 6, 2016
Duterte wants wage hike, end of contractualization I
By ANTONIO L. COLINA IV, MindaNews
NCOMING Labor undersecretary Joel Maglungsod, whom President-elect Rodrigo Duterte vows to end contractualization of workers, push for an increase in wages and ensure that there will be P2,000 pension hike for the seniors from the Social Security System.
MESSAGE OF THANK. Lumad students who are staying at the UCCP Haran along Padre Selga Street in Davao City send their “thank you” note to the University of the Philippines community last week for sending boxes of school supplies as classes are about to start. MindaNews photo by Toto Lozano
Maglungsod, described by Duterte as belonging to the Left and who “once upon a time went to the mountains to be a cadre of the New People’s Army,” told reporters at the “Malacañang of the South” on Thursday that he will immediately recommend to President-elect Rodrigo Duterte some proposals for workers’ economic relief after he assumes the presidency on June 30. Maglungsod had also served as
Anakpawis partylist Representative to Congress from 2007 to 2010 and Secretary-General of the Kilusang Mayo Uno. Among his recommendations will be to scrap the DOLE’s Order 18-A which, he said, legalizes contractualization. Such order provides the regulations that govern “contracting and subcontracting arrangements.” hike/PAGE 11
Montierra: setting a townhouse in style
La Nina DATU ODIN SINSUAT, Maguindanao -- Ahead of the peak season of La Nina, the Office of Civil Defense in the Autonomous Region in Muslim Mindanao (OCDARMM) has started coordination efforts in preparation of possible calamities when the new weather phenomenon strikes in Maguindanao. Myrna J. Angot, chief of OCD-ARMM, said they have coordinated with the 2nd Mechanized Infantry Battalion and conducted ocular inspection Thursday in the municipalities of Datu Salibo and Shariff Saydona Mustapha, both in Maguindanao to determine what steps are to be taken to minimize impact of floods. These areas are potentially flood prone communities whenever heavy down pour occurs in nearby provinces.
P15.00
ALL SMILES. A young girl smiles, unmindful of the female adults praying in a mosque in Mini-forest, Davao City. The Muslim world marks the start of the Holy Month of Ramadan yesterday, June 5. MindaNews File Photo by Toto Lozano/AKP Images
ARMM’s Darul Ifta’ sets moon sighting for Ramadan on Sunday COTABATO City — The Regional Darul Ifta’ in the Autonomous Region in Muslim Mindanao (RDIARMM) has set a moon sighting across the region on Sunday, June 5, which conf ir me d t he st ar t of Ramadan this year. Ramadan is the ninth month of the Hijri calendar
where Muslims are obliged to fast from dawn until sunset. It is considered to be the holiest month in Islam. A l i m Ab du l mu h m i n Mu j a h i d , R D I - A R M M executive director, said they have provided a set of Newtonian reflector telescope to each of their five provincial ramadan/PAGE 11
OWNING a single-detached home built by a developer where you’d find your immediate neighbors’ fence a few meters away may be far from one’s financial reach. Much more if you have one singularly built for yourself even in a suburban area in the metropolis. The best option for those who practice their profession or undertake their trade in the city would be to acquire, own and live in a townhouse built in a vibrant modern community. You can get a lot in the same stuff in a townhouse that you can find in a regular free-standing house but yet at a more attainable price including the upkeep of your immediate surroundings. Being part of a townhouse community who are in relatively the same status
(From left) Johndorf Ventures Corporation sales and marketing manager (VisMin) Michele Bacungan, president and CEO Richard Lim, managing director Nikki Lim, managing director Abi Lim and BusinessWeek and Mindanao Daily News publisher Dante Sudaria enjoy the view of the lighted Montierra scale model. Photo by Gerry Gorit
and upbringing could mean that neighbors are more likely to know one another and be more interactive, cooperative and even helpful. This works well for those who travel often or those who need to leave at home kids or seniors who may need some assistance or even just
to occasionally watch over one’s home while everyone is away. A condo unit in the city may be an option if only meant as a second home but one’s investment generally covers just but an airspace for living, not a montierra/PAGE 11
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776