BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 045
Market Indicators
As of 6:12 pm October 6, 2015 (tuesday)
FOREX US$1 = P46.47
1 cent
PHISIX 7,055.49
X X Briefly 93.56 points
Legacy of devt BUTUAN City -- As the Support to Emergency and Livelihood Assistance Project Phase II (SELAP2) comes to an end this year, the Department of Agriculture (DA) Caraga constructed a total of 12 farm to market roads (FMR) since 2012 with a total length of 8.585 kilometers amounting to P48.5 million. Two FMR’s are set to be completed this year in Dinagat Islands particularly in the municipalities of Dinagat and Cagdianao. Other FMRs are located in Buenavista, Magallanes and Santiago in Agusan del Norte; San Francisco and Malimono in Surigao del Norte and San Miguel, Lanuza and Cagwait in Surigao del Sur.
SSS disbursements BUTUAN City -- Benefit disbursements for Social Security System (SSS) members in this city and the rest of Northern Mindanao reached P1.98 billion for the first six months of 2015, reflecting an increase of 14 percent from the P1.73 billion released for the same period last year. SSS Assistant Vice President for Mindanao North Division Edwin M. Alo said the payments for regular pensions of about 95,400 SSS pensioners in the area, which amounted to P1.78 billion, comprised 91 percent of the total benefit disbursements from January to June 2015. “The six-month pension total for North Mindanao was 15 percent higher than the P1.55 billion we disbursed here for the first half of 2014. This increase was bolstered by recent SSS benefit enhancements, particularly the five percent acrossthe-board SSS pension hike that took effect just last year,” Alo said.
Women vendors SAPANG DALAGA, Misamis Occidental – The Department of Labor and Employment, Regional Office No. 10 (DOLE-10), through its Misamis Occidental Provincial Field Office (MisOcc PFO) released livelihood projects under the DOLE Integrated Livelihood and Emergency Employment Program (DILEEP) to 35 women fruit vendors on 3 September 2015, in Sapang Dalaga, Misamis Occidental. The women are members of the Tru-Cut, Boundary Women’s Association (TRUBWA). Through the leadership of DOLE10 Regional Director Raymundo G. Agravante, numerous boxes of assorted fruits amounting to P350,000 were released to the beneficiaries, granting each member up to P10,000 worth of livelihood package.
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CSOs, academe urge solons to pass BBL www.businessweekmindanao.com
Tue-Wed | October 6-7, 2015
M
EMBERS of civil society organizations and the academe in Mindanao have called on legislators to abide by their “solemn duty to legislate and enact laws and to transform themselves as peace builders and not as ordinary lawmakers” in legislating the Bangsamoro Basic Law.
P15.00
They said Mindanaobased CSOs will continue to lobby legislators from Mindanao in particular to attend sessions in the House of Representatives to ensure quorum so that the bbl/PAGE 11
Moreno overcomes tight budget Budget cuts won over by creative budgeting and efficient tax collection
By BENCYRUS G. ELLORIN Correspondent
Astute fiscal management amid sharp budget cuts from a contrarian City Council has resulted in solid performance of the administration of Mayor Oscar S. Moreno. City Budget Officer Percy Salazar said they have to make wise use of City Hall resources and maximized resources that are not controlled in any way by the City Council. Salazar said the administration of Mayor Oscar S. Moreno built unprecedented number classrooms in two and a half years because it used judiciously the Special Education Fund, which is sourced from Real Property Taxes. The Moreno administration has already built more than 400 classrooms and looks budget/PAGE 11
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YOUNG REFUGEE. A girl plays with a hammock at the town gym in Marihatag, Surigao del Sur on Friday. She is among the 1,000 individuals that fled Barangay Mahaba, Marihatag on Oct. 1 due to an ongoing military operation in their place. mindanews photo by h . marcos c . mordeno
Normin’s RDC set to host private sector reps confab By MIKE BAÑOS, Editor-at-Large
THE Regional Development C ouncil of Nor thern M i n d an a o ( R D C - X ) i s hosting the 6th RDC Private Sector Representatives’ (PSR) National Convention on October 14-16, 2015 at the Luxe Hotel, Cagayan de Oro City. “The RDC-X is proud to host this year’s National C onvention with the
theme, “Enhancing Public and Private Partnership in the ASEAN Market,” said Rodolfo L. Meñes, RDC-X Private Sector Representative during the NEDA-X Media Forum held recently at the RDC-X Mini Conference R o o m , R D C - N E D A- X Building in Cagayan de Oro City. see full story/PAGE 6
Customs shelves release of imported rice shipment By CRIS DIAZ, Contributing Editor
CAGAYAN de Oro Customs officials have intercepted a shipment of “white rice”
suspected to be illegally imported from Vietnam at the port area here Monday, the Bureau of Customs (BOC) said Tuesday. Alvin Enciso, the head of the Bureau of Customs district intelligence division here, said that the shipment could be part of the “alert order” issued by the BOC Manila about the shipment of an imported white rice from Vietnam. The BOC Manila has issued an alert order regarding rice/PAGE 11
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