BusinessWeek Mindanao (September 11-12, 2014)

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BusinessWeek MINDANAO 2 cents

Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

Volume V, No. 42

Market Indicators

As of 5:56 pm sep. 11, 2014 (Thursday)

FOREX

PHISIX

US$1 = P43.85

7,202.06 points

X Briefly 10.72 points

X

9 cents

Rufus backs BBL

www.businessweekmindanao.com

P15.00

ARMM business sector lauds BBL submission K

By BONG S. SARMIENTO, MindaNews

ORONADAL City -- The business sector in the Autonomous Region in Muslim Mindanao (ARMM) welcomed the submission by President Benigno S. Aquino III of the draft Bangsamoro Basic Law (BBL) to Congress .

COTABATO City – The draft Bangsamoro Basic Law will have a smooth journey in the House of Representatives, a ranking House leader said here Monday. Cagayan de Oro Rep. Rufus Rodriguez, leader of new political party called Centrist Democrat Party (CDP), assured his partymates in the city and Maguindanao he will support the enactment of the draft Basic Bangsamoro Law (BBL). Once enacted into law and ratified via a plebiscite in selected southern areas, this shall pave the way for the replacement of the Autonomous Region in Muslim Mindanao with a new Bangsamoro entity.

Datu Haron Bandila, chair of the ARMM Business Council, said they are also hoping that Congress will immediately approve the BBL for the entrenchment of the Bangsamoro government in place of the autonomous bbl/PAGE 9

Veterans Bank opens Valencia City branch By ALLAN M. MEDIANTE Executive Editor

VALENCIA City -- The Philippine Veterans Bank has opened one of its newest branches in Mindanao – the PVB Valencia City Branch. Business has already commenced last September veterans/PAGE 9

Zambo airport repair THE Zamboanga City airport gets P6 million from the US government through the Joint Special Operations Task Force (JSOTF) to be used for the repair of the dilapidated 1,800-meter stretch runway of the Zamboanga City Airport to ensure smooth air travel for all. City mayor Maria Isabelle Climaco led the groundbreaking of the project on Friday morning, along with Maj. Matt Bartlett of the JSOTF, Civil Aviation Authority of the Philippines (CAAP) Chief of Staff Maj Gen. Artemio Corrosco, Vice Mayor Cesar Iturralde and Western Mindanao Command Chief Lt Gen. Rustico Guerrero and witnessed by multi-stakeholders who were present during the event. Climaco said the American government has allocated about P6 million to rehabilitate the degraded portions stretching through 1.8 kilometers by the Wee Builders, a local contractor in this city. Maj. Bartlett said the project will not only benefit the JSOTF aircrafts, but also all aircrafts flying in to Zamboanga City—be it civilian or those used by the AFP forces.

Thu-Fri | September 11-12, 2014

FINAL DRAFT. President Benigno Aquino III and GPH Peace Panel chairperson Professor Miriam CoronelFerrer, who is holding a copy of the signed Comprehensive Agreement on the Bangsamoro. robert viñas / malacanang photo bureau

PNoy seeks House okay to address power shortage PRESIDENT Benigno S. Aquino III on Thursday said he will seek authorization from Congress to address the projected power shortage this summer. “To be more efficient and impactful in our efforts, very soon, we will formally ask Congress for a joint resolution, that will authorize shortage/PAGE 11

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