BusinessWeek M I N DA N A O CREDIBLE
Volume VIII, No. 148 As of 6:00 pm May 22, 2018 (tuesday)
FOREX
PHISIX
US$1 = P52.465
7,646.20
13.5 cents
11.85
RELIABLE
X
points
Briefly
EU assistance THE European Union (EU) is exploring ways to channel its assistance to Marawi City, mulling a scheme that does not involve transacting with the national government whose chief executive has rejected EU aid. “Just because the government rejects aid from government to government doesn’t mean we have to do this government to government. There are several programs that we do around as private entity, we channel those funds through private institutions,” European Chamber of Commerce of the Philippines President Guenter Taus said during a press briefing in line with the group’s 40th anniversary as celebrated Thursday night in Pasay City. He added that working with governments, in general, “is not easy.” “But if we put our wills and minds together, we can make this work. We are here to stay, not only as the EU chamber but also as the EU so we do find ways and means,” Mr. Taus added.
IN-DEPTH
Wednesday|May 23, 2018
Lapasan Highway, Cagayan de Oro City
P15.00
Capitol team stakes claim to unaccounted properties
By LESLIE GATPOLINTAN
T
HEgovernment is confident about securing funding to implement the rehabilitation and reconstruction of war-torn Marawi City and other devastated areas nearby, which reportedly requires a budget of P53.42 billion over the next five years.
Ad or a c i on Nav ar ro, Undersecretary for Regional Development of the National Economic and development Authority (NEDA), said some P26.16 billion is needed for this year; and P27.25 billion from 2019 to 2022. rehab/PAGE 11
By MARK FRANCISCO Staff Writer
MEDICAL OUTREACH. Members of the media and their families have availed of the free medical and eye checkups held in line with 36th Press Freedom Week celebration at the Cagayan de Oro Press Club (COPC) office. The medical outreach program was sponsored by Bukidnon 1st District Rep. Ma. Lourdes “Malou” Acosta-Alba. photo by gerry lee gorit
Unified grid DAVAO City -- The government’s goal of interconnecting the nation’s three major power grids into a single national grid will be realized in 2020, a ranking official of the Department of Energy (DOE) announced. Patrick Aquino, director of Energy Policy and Planning Bureau said once the Luzon-Visayas-Mindanao i n t e rc onnec tio n p ro je c t is completed by December of 2020, the proposed single grid will allow the country’s three island groups to share power reserves with each other. “There can be exports or imports of electric power between or among the main islands in the country,” Aquino said.
Cagayan de Oro
P53.42-B needed for Marawi rehab: NEDA www.businessweekmindanao.com
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THE provincial government of Misamis Oriental has “discovered” 33 more properties all over the province and in Cagayan de Oro City that were previously unaccounted. Provincial administrator Jocelyn Mateo revealed yesterday that the Provincial Inventor y C ommittee formed by Gov. Yevgeny Vincente Emano last March had stumbled upon dozens of documents proving that Capitol indeed owned these estates. claim/PAGE 11
Group drums up awareness vs AIDS By MARK FRANCISCO Staff Writer
SCENIC STREET FOOD STRIP. Street food lovers in Iligan City now have a new go-to place: at Barangay Ubaldo Laya along the new Circumferential Road 3 (C3), situated in the mountain overlooking part of downtown. It offers a beautiful view of the sunset at Iligan Bay. mindanews photo by bobby timonera
THERE’S a new alarming trend in people living with human immunodeficiency virus (HIV) in Northern Mindanao – couples whose husbands and boyfriends are initiating discreet sex with male partners. Speaking during the annual International AIDS Candlelight Memorial last Sunday, Misamis OrientalC agayan de Oro AIDS Network (MOCAN) president Fritzie Estoque said that awareness/PAGE 11
AIDS AWARENESS. Anti-AIDS advocates light candles during the simultaneous International AIDS Candlelight Memorial last Sunday at Kiosko Kagawasan in Cagayan de Oro City. The activity was held worldwide to drum up awareness about HIV and AIDS. photo by mark francisco
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