BusinessWeek MINDANAO
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Volume IV, No. 82
Market Indicators
As of 6:13 pm mar. 27, 2014 (Thursday)
FOREX
PHISIX
US$1 = P45.04
6,315.69 points
8 cents
X
32.81 points
X
Briefly Tourism Star THE Department of Tourism (DOT) region 10 opens Tourism Star Philippines to recognize tourism frontlines and local chief executive (LCE) who have created positive impacts to the tourism industry. DOT Regional Director Catalino Chan III during their launching and press conference said that this awarding serves as recognition to those that go an extra mile in giving tourists a delightful experience and exemplifying true Filipino hospitality; and LCE (Mayor or Governor) whose projects created positive impact to the tourism industry. Categories include travel agencies, tour operators, tour guides, tourist transport, accommodations, individuals and LCEs. He said that this aims to instil a culture of tourism in every Filipino; help raise the competitiveness of the Philippines as a tourist destination; encourage LCEs to take part in the country’s tourism efforts; and engage the participation of Filipinos and tourists in the ‘It’s More Fun’ campaign.
Paying taxes ILIGAN City -- The Bureau of Internal Revenue (BIR) Iligan City, during the kick-off for this year’s District Tax Campaign, encouraged taxpayers to pay correctly saying that taxes are the lifeblood of the nation. BIR Revenue District Officer Lordel T. Monteclaro of Revenue District 101 said that paying of taxes will return back in terms of infrastructure program of the government, on education as well as welfare program that would benefit the people. The Revenue Commissioner obliged us to generate more revenues especially for those earthquake and typhoon-affected areas like Tacloban and Bohol which are on the process of initiating reforms, to enhance collection effort so as to recover its losses, said Monteclaro.
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Govt, Moro rebels ink historic peace accord T
By Philippine News Agency Wire Reports
HE biggest Moro rebel group in the Philippines will sign a peace deal on Thursday aimed at ending four decades of deadly conflict that has condemned millions in the nation’s far south to brutal poverty.
The agreement between the Moro Islamic Liberation Front (MILF) and President Benigno Aquino’s government
envisages a new, southern autonomous region for the Philippines’ Muslim minority akon/PAGE 11
PEACE AT LAST? The Comprehensive Agreement on the Bangsamoro between the government and the MILF was finally signed in Malacañang yesterday by MILF peace panel chairman Mohagher Iqbal and GPH peace panel chair Miriam Coronel-Ferrer, with Tengku Dato’ Ab Ghafar Tengku Mohamed of Malaysia as witness.
Accord to draw investments to Mindanao LINE FORMATION. A Moro Islamic Liberation Front mujahidin checks if he is in line with other fighters in Camp Darapanan in Sultan Kudarat, Maguindanao yesterday. The MILF fighters came out in force in Camp Darapanan after the rebel group, the biggest in Mindanao, signed a peace agreement on Thursday. mindanews photo by froilan gallardo
Hopes, fears aired on signing of peace pact By CAROLYN O. ARGUILLAS, MindaNews
DATU PIANG, Maguindanao – The signing of the Comprehensive Agreement on the Bangsamoro (CAB) on Thursday in Malacañang after 17 years of on-and-off peace
negotiations between the Philippine government and the Moro Islamic Liberation Front (MILF), comes at a most insecure time for Mindanao’s peace/PAGE 11
A PHILIPPINE lawmaker on Thursday said the signing of the peace agreement between the Moro Islamic Liberation Front (MILF) and t he government will draw more foreign direct investments to the country. “Foreign investors need a peaceful and business-friendly environment before they set their businesses in the country, especially in the Bangsamoro region. The challenge for the peace pact is to raise the level of investments in the region,” Valenzuela City Rep. Sherwin Gatchalian said. According to a special report of the World Bank Institute, the years of discord
“amount to a period in which human or economic development is suspended or, in some cases, even reversed.” Gatchalian noted t hat p e ace wi ll s et an environment hospitable to economic activities. Former International Monetary Fund (IMF) chief Dominique Strauss-Kahn himself tied peace and economic stability, saying: “Peace is a necessary precondition for trade, sustained economic growth, and prosperity. In turn, economic stability, and a rising prosperity that is broadly shared—both within and among countries—can foster peace.”
“The peace pact will guarantee that the Bangsamoro will be a fertile ground for the much-needed investments,” he said. Such investments, Gatchalian hop ed, will revitalize the Bangsamoro Region and help foster inclusive growth by generating jobs. Poverty incidence among families in the ARMM in 2012 amounted to 48.7%, up from 39.9% in 2009. ARMM’s poverty incidence record is the highest among the regions in the country, even higher that the overall poverty incidence at 19.7%. Initial employment figure in the Autonomous Region of Muslim Mindanao (ARMM) this year, meanwhile, is 1.29 million, a slow increase from 1.23 million last year, based on the latest labor statistics. “The FDIs will increase the region’s current employment figure. They will stimulate job creation, boosting the number of employed persons at a faster accord/PAGE 11
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