BusinessWeek Mindanao (November 27, 2019)

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BusinessWeek M I N DA N A O CREDIBLE

Volume X, No. 72

AS OF 6:00 PM NOV. 26, 2019 (TUESDAY)

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Tienda expands to Marawi, Lanao THE MINDANAO Development Authority (MinDA) is expanding its retail outlet livelihood project in Marawi City and other parts of Lanao del Sur. In a statement, MinDA said it is partnering with non-government organization Plan International for the inclusion of Tienda under the Livelihood Opportunities in Villages for Economic Upliftment program. “In a meeting with Plan International officials, I emphasized that success of these projects should be measured in terms of the reduction of the poverty incidence in the area,” MinDA Chair Emmanuel F. Piñol said. The Tienda project was initially launched for those affected by the series of earthquakes last October in several towns in Cotabao and Davao del Sur. In Lanao del Sur, MinDA will assist organized women groups “in starting a community store which would offer basic household needs at prices lower than in the market,” MiNDA said.

Lower cap for power rates THE Energy Regulation Commission (ERC) is looking at a lower secondary price cap (SPC) in the Wholesale Electricity Spot Market (WESM) to counter spikes in electricity prices. It recalculated the secondary price cap in the WESM at PHP4,502 per megawatthour (MWh) from the existing PHP6,245/MWh. Commissioner Catherine Maceda said the intention is not to unreasonably stifle the market growth but instead to come up with a better competition to happen.

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Trucking industry gets a boost in Butuan City Wednesday|November 27, 2019

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* Hino Motors opens dealership in Butuan

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By MARK FRANCISCO, Reporter

UTUAN City’s vibrant economy has ushered in investments in the trucking industry, the latest of which is the opening yesterday of Hino Motors Philippines dealership and showroom along the city’s main thoroughfare in Barangay Libertad.

HINO BUTUAN DEALERSHIP: Opening of Hino Motors, Phils (HMP), Butuan dealership. From lef to right: Johnny U. Lu, Senior VP; Dr. Nancy U. Ramirez, 1st VP; Percibal Ronario, VP After Sales HMP; Betty U. Lu, President; Mitsuharu Tabata, President HMP; Peter Lim Lo Suy, EVP GM; Oliver Dela Cruz, VP-Sales HMP; Joel Granadillos, Asst Mgr Dealer Development HMP; Tom Kenneth Ameglio, Supervisor - PR & Brand Communications HMP; Lorraine Lim Lo Suy, Purchasing Head; Eric M Uy, VP Operations.

Hino Motors Philippines (HMP), Inc. is the country’s leading truck manufacturer and its new branch inButuan City will serve its valued patrons in the five provinces if Caraga including consumerrich Butuan and Surigao cities. B annered under t he umbrella of Toyota Group, Hino Butuan City offers the same brand of quality sales, parts and services that has marked its other more than

20 dealerships nationwide. Located along Km. 5, National Highway, Libertad in the regional capital of Butuan City, the presence of the Hino dealership here is expected to boost the economy in this side of Mindanao, especially those in the trucking business. Among the models available in Hino Butuan City are the Hino 300 Series, Hino PUV, Hino 700 Series and Hino Bus. HINO/PAGE 19

Assertive industrial sector pushed in Mindanao summit By JOYCE ANN L. ROCAMORA, PNA

THE first Philippine Industrial Summit in Mindanao was formally opened on Monday making louder

call for stakeholders to build an "assertive" industrial sector in the SUMMIT/PAGE 8

Growers want banana tariff stalemate with Sokor resolved By LILYBETH ISON, PNA

THE country’s top banana growers and exporters are calling on both the South Korean and Philippine governments to TARIFF/PAGE 19

FRIENDSHIP GAMES. A mascot from Zamboanga City State Polytechnic College led the delegation during the opening ceremonies of the 30th Mindanao Association of State Tertiary Schools Friendship Games last Saturday in Mambajao, Camiguin. photo by gerry lee gorit

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