BusinessWeek M I N DA N A O CREDIBLE
Volume VIII, No. 74
Market Indicators FOREX
PHISIX
US$1 = P50.35
8,291.88
16 cents
69.81
RELIABLE
X
points
Briefly Exchange caravan BUTUAN City -- The Bangko Sentral ng Pilipinas (BSP)Butuan City will spearhead the Coin Exchange Caravan on December 20, 2017 at Robinsons Place, this city. Glizriel Rose Zarate, senior research specialist of BSP-Butuan City encouraged all government agencies and partner stakeholders to support and participate in the said event. Zarate further called on the public to gather and prepare all their coins and bring it to them during the coin exchange caravan, in exchange of crisp brand new banknotes. “We encourage the general public to bring their coins during the coin exchange caravan and we will exchange it with new banknotes,” she said.
Alternative party INSTEAD of the traditional classroom Christmas party, public schools in the region have been encouraged to hold community outreach, especially for displaced residents of Marawi City. Allan Farnazo, Department of Education (DepEd-10) director, said public schools should try to opt for an “alternative Christmas celebration” where students, their parents and teachers are to conduct an outreach for Marawi children whose families are temporarily seeking temporary shelter across the region. In a memorandum issued to all school divisions, Farnazo said it is time to break away from the usual classroom parties, in which students would exchange gifts to celebrate the spirit of the Yuletide season.
IN-DEPTH
Foreign investments hit P408.7B as of Q3 www.businessweekmindanao.com
As of 5:40 pm November 28, 2017 (tuesday)
X
YOUR Mindanao-wide BUSINESS paper
A
Wednesday | November 29, 2017
P15.00
By ANTONIO L. COLINA IV, MindaNews
PPROVED private investments in the country reached P408.7 billion from January to October this year, or 38.1-percent higher compared to P296 billion for the same period last year. In a press briefing Monday at the Presidential Guest House in Davao City, Presidential Spokesperson Harry Roque reported that these fresh investments came from 369 projects by the Board of Investments
(BOI), which increased by 30 percent compared to 283 projects approved for the same period last year. Roque said the increase in the number foreign/PAGE 11 Banana stakeholders claim regulating agri venture agreements (AVAs) could drag down the sector and affects employment in Mindanao.
Banana industry warns regulation of contracts could affect employment By CARMELITO Q. FRANCISCO, Correspondent
DAVAO CITY — The banana industry said a proposal to regulate agribusiness venture agreements (AVAs) will cause the sector to decline and affect employment in Mindanao,
the key growing area for the export commodity. Stephen A. Antig, executive director of the Pilipino Banana Growers regulation/PAGE 11
PH on track to achieve target growth: Roque DAVAO City -- Presidential spokesperson S ecretar y Harry Roque has remained optimistic about the country’s economic performance and forecasting growth will happen from all indications. In a press briefing at the
Presidential Guesthouse in Panacan here on Monday, Roque said Moody’s Services already predicted that the Philippine economy would grow by 6.57 percent, which is within the target growth achieve/PAGE 11
HANGING BRIDGE. An islet in the anti-mining town of Bacuag in Surigao del Norte has become the latest tourist attraction in the province after the local government unit installed a hanging bridge that connects the mainland to the islet. Visitors can enjoy zip lines and water sports amenities. The islet is part of a marine sanctuary. mindanews photo by roel n. catoto
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776