BusinessWeek Mindanao (June 8, 2018)

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BusinessWeek M I N DA N A O CREDIBLE

Volume VIII, No. 153 As of 6:00 pm JUNE 7, 2018 (thursday)

FOREX

PHISIX

US$1 = P 52.385

7,689.14

X

1.5 cents

3.38

X

points

Briefly

Unemployment down

RELIABLE

IN-DEPTH

P15.00

Despite threats, Normin still ‘business as usual’ Thu-Fri|June 7-8, 2018

TOP management of Alsons Consolidated Resources, Inc. (ACR) announced that it is set to complete three major power projects within the next three years. They include the second section of Sarangani Energy Corporation baseload coal-fire power plant; the 15-megawatt Siguil Hydro Project; and the San Ramon Power Power, Inc. baseload coal-fired power plant, ACR executive vice president and chief operating officer Tirso Santillan told the Philippine News Agency (PNA) on Friday. “The second section of Sarangani Energy Corporation (SEC) has a 105-megawatt capacity. This is the second sect i on o f 1 0 5 -m e g a wa t t power facility in Maasim, Sarangani Province,” he said.

Thank you for trusting us!

By MIKE BAÑOS, Editor-at-Large

D

ESPITE having been placed under terror alert Level 3, Northern Mindanao remains “business as usual” although authorities warned residents not to let their guards down against suspicious persons or activities.

THE country’s unemployment rate in April 2018 declined to 5.5 percent from 5.7 percent in the same month in 2017, the Philippine Statistics Authority (PSA) data showed Tuesday. National Economic and Development Authority (NEDA) Undersecretary Rosemarie Edillon said in a press briefing that April 2018’s labor data recorded the lowest unemployment rate compared to April data over the past decades. Edillon noted that unemployment among youth also improved to 13.8 percent, which is also a record-low youth unemployment rate in the past decades, from 14.9 percent.

3 power projects

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EPISCOPAL ORDINATION. Luis Antonio Cardinal Tagle (left photo) gives a homily during the episcopal ordination of Bishop Raul Dael (right) at the St. Augustine Metropolitan Cathedral on Thursday. photos by gerry lee gorit

LTFRB-10 welcomes petition opposing taxi fare increase By JIGGER JERUSALEM, PNA

THE regional office of the Land Transportation Franchising and Regulatory Board-10 (LTFRB-10) is ready to receive any petition

that would seek the city’s exemption from last year’s taxi fare hike. LT F R B - 1 0 R e g i o n a l Director Aminoden Guro

This was the gist of the regional security situationer delivered by Assistant Regional Director Allan Campos, National Intelligence Coordination Agency Region 10 (NICA-10) during the recent 1st Quarter Regional Economic Situationer (QRES) round table coordinated by the National Economic and Development Authority Region 10 (NEDA-10) office. “For the past few months, Region 10 is on Threat Level 3 (High Alert) this usual/PAGE 11

said Wednesday his office welcomes any consumerdriven initiative for the board to lower the Php13.50 per kilometer of distance traveled, with Php2 per minute of petition/PAGE 11

NDF backs resumption of peace talks By CHRIS V. PANGANIBAN, Contributing Editor

SAN FRANCISCO, Agusan del Sur---The National Democratic Front of the Phi lippines (NDFP) in

Mindanao has supported the resumption of peace talks between them and the Philikpine governmen but

warned the military to truly follow a possible stand down agreement. “We are looking forward to the resumption of the peace/PAGE 11

DUYOG RAMADHAN. Parishioners of the Redemptorist Church in Iligan City flock to the Duyog Ramadhan booth after Mass on Sunday morning (3 June 2018). Proceeds are intended for Maranao children displaced in the Marawi Siege. During Mass, a Maranao Muslim youth shared about his faith and the Ramadhan to the Catholic churchgoers. mindanews photo by bobby timonera

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