BusinessWeek M I N DA N A O CREDIBLE
Volume X, No. 52
Market Indicators AS OF 6:00 PM OCT. 4, 2019 (FRIDAY)
FOREX US$1 = P 51.730
8.5
PHISIX 7,704.60
X X Briefly
cents
159.05 points
Retailers credit card DAVAO City’s homegrown retailing company New City Commercial Center is rolling out next month its credit card, NCCC Credit Card, its partnership with Metropolitan Bank & Trust Co. In a statement over the weekend, the retailer said its representatives, those of the bank and the solutions provider GHL Systems Philippines, Inc., signed the agreement in June for the release of the credit card. It said the card will “provide its customers more payment options” and it will replace its NCCC Kanegosyo Rewards Card used by wholesalers and sari-sari store owners.”
Easy loan AGRICULTURE Secretary William D. Dar has assured farmers that simplified loan access will soon be provided by governmentowned Land Bank of the Philippines (LANDBANK), with the terms of the new lending arrangements now being finalized. “Rest assured that in the next three months we can smoothen everything,” Mr. Dar said. The newly-installed head of the Department of Agriculture (DA) said he brought up the need to ease loan processing.
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MinDA seeks partner to push organic rice www.businessweekmindanao.com
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By CARMELITO Q. FRANCISCO, Correspondent
T
HE Mindanao De velopment Authority (MinDA) will partner with a seed company and a farmers’ cooperative to push a shift to organic premium rice production. Agriculture Secretary William D. Dar has assured farmers that simplified loan access will soon be provided by governmentowned Land Bank of the Philippines (LANDBANK), with the terms of the new lending arrangements now being finalized. “Rest assured that in the next three months we can smoothen everything,” Mr. Dar said at a news conference here Saturday. T he ne w ly - i nst a l l e d head of the Department of Agriculture (DA) said he brought up the need to ease loan processi In a statement, the agency cited the benefits of organic
brown and black rice and premium quality rice varieties for export. MinDA C hair man Emmanuel F. Piñol wants to support farmers who have been affected by declining local prices due to the Rice Liberalization Law. Mr. Piñol earlier said one way to mitigate the impact PARTNER/PAGE 11
THE SILENT WITNESS. “The Silent Witness” is a two-panel mural collaboration by Piguras Davao artists greets visitors as they enter the Mindanao Art Fair and Exhibit at the Gaisano Mall in Davao City. mindanews photo by manman dejeto
Incentive code ammended to lure more investments By CARMELITO Q. FRANCISCO, Correspondent
DAVAO City — The city government has amended its Investment Incentive Code by adding new perks including
tax breaks for projects in “preferred areas” outside the city center and for hiring indigenous peoples (IPs)
and persons with disabilities (PWDs). Approved last week, the new ordinance, according to Councilor Nilo G. Abellera, CODE/PAGE 11
THE joint tourism and business matching meeting organized to help boost the viability of Garuda Indonesia's foray into Mindanao raked in
over P1 million in negotiated sales, the Department of Tourism in Region 11 (DOT11) said. “This sale is accumulated
o u t o f D av a o - G e n e r a l Santos tours and hotel accommodation bookings in Davao during the business TOURISM/PAGE 11
Davao-Manado tourism B2B rakes in over P1-M sales The Sulu hornbill.
photo courtesy of bim quemado
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