BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 063
Market Indicators
As of 6:21 pm November 17, 2015 (tuesday)
FOREX
X
US$1 = P47.14
9 cents
PHISIX 6,825.38
52.46 points
X
Briefly Lower taxes BUTUAN City -- Rep. Lawrence Lemuel ‘Law’ H. Fortun of the first district of Agusan del Norte has co-authored a house bill to lower income tax burdened by Filipinos. The bill takes cognizance of the long overdue reforms of the National Internal Revenue Code (NIRC) adopted in 1997, or 18 years passed. As income of salaried individuals is increased to keep it at par with the rising inflation, “they are pushed into higher income brackets, and, thus, are compelled to pay more taxes that they should,” the explanatory note of the bill reads. The said legislative measure to cut income tax stemmed from House Bill 4829 authored in the lower house by Rep. Miro Quimbo and was co-authored by Reps. Fortun, Villar, Abayon, Del Rosario (A.G.), Zamora (M.), Javier, Belmonte (J.), Chipeco, Primicias- Agabas, and Lanete.
Reflection session DAVAO del Norte -- Some 800 chosen indigenous peoples (IP) participants from various communities in Mindanao will gather in Tagum City on Nov. 1819 for the Mindanao-wide CADT (Certificate of Ancestral Domain Title) Holders Forum and IP Leaders Coalition Reflection Session. Aside from IP leaders, invited to join the gathering are IP traditional leaders, Baylan, elderly, women, youth and the IP Mandatory Representatives in local legislative councils (IPMRs). They will also be joined by national and Mindanao regional officials of the National Commission on Indigenous Peoples (NCIP).
2014 ppi’S Best in ENVIRONMENTAL Reporting
IBM: Technology an equalizer for MSMEs www.businessweekmindanao.com
Wednesday | November 18, 2015
P15.00
By CARMELITO Q. FRANCISCO, Correspondent
T
ECHNOLOGICAL advancements that have made access to information easier are giving micro, small, and medium enterprises (MSMEs) the chance to compete in global trade, according to Philippine head of International Business Machines Corp. (IBM). Luisito D. Pineda, IBM Philippines president and country general manager, said MSMEs must use technology not just to get data related to their operations but to learn how to evolve to suit
DUGONG BOMBO. Many individual heeded the call of local station Bombo RadyoCagayan de Oro City to share blood for their yearly Dugong Bombo campaign held Saturday, Nov. 14, at The Atrium, Limketkai Mall. photo by mark francisco
Being ‘RICEponsible’ highlights national rice awareness month By IRENE DAYO, Staff Writer
THE Department of Agriculture in Northern
Mindanao re-introduced the ‘Be RICEponsible’ campaign
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in the region as highlight of this year’s National Rice Awareness Month which is RICE/PAGE 11
their market and respective niches. For MSMEs to survive, Mr. Pineda said in an interview here last week: “they need to be agile, which will allow equalizer/PAGE 11
DILG recognizes two city mayors in CDO By CRIS DIAZ, Contributing Editor
UNTIL the Office of the Ombudsman issues an official reply to the resolution of the Court of Appeals (CA), there are two recognizable city mayors here, an Interior official said Monday. Nilo Castanares, regional director of the Department o f Int e r i o r a n d L o c a l
Government (DILG) here, said that the CA has issued the Temporary Restraining Order (TRO) sought by “dismissed” City Mayor Oscar Moreno following the execution of the dismissal order last Nov. 12, 2015 here. Moreno petitioned for the issuance of the TRO with the CA, arguing that the “dismissal order” was not final and executory since the Ombudsman has yet to decide on his Motion for Reconsideration. “I believe that under the ‘Rule of Law’, I am entitled due process to protect my rights,” Moreno said. Castanares said that the DILG has already installed Vice Mayor Caesar Ian Acenas mayors/PAGE 11
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