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Volume XI, No. 42
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Davao’s investment DAVAO City – The Davao City Investment and Promotions Center (DCIPC) has approved investments in the property and manufacturing sectors worth more than P2.1 billion, its chief, April Dayap, said Tuesday. Dayap identified the investments as the Acacia Hotel with a P1.8-billion capitalization, Green Solutions Agri-Business manufacturing with a PHP340million capitalization, and the Sta. Clara socialized housing project that is valued at P55 million. She said the three major investments have already met this year's investment target of P2 billion.
Cacao capital DAVAO City – The Davao City Chamber of Commerce and Industry (DCCCII) hailed Thursday the Department of Agriculture's (DA) declaration of the city as the country’s "cacao capital." DCCCII president John Carlo Tria noted that after years of promoting the cacao industry, the city has now become Davao Region's pride following the declaration of DA Secretary William Dar in a ceremony held here on Monday. Tria said the recognition would add value to cacao agri-processing and generate more income for farmers.
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Legal imperatives to revive eco unveiled 29th Minbizcon
By MIKE BAÑOS Contributing Editor
T
HE Philippine e conomy may b e turning the corner despite the coronavirus pandemic but government will not jeopardize public health for a restart, and vice versa. “Rebuilding the economy is a condition for ensuring public health. We cannot fight a pandemic with a weak economy ; nor can we restore economic vigor without solving the public health crisis,” said Finance Secretary Carlos Dominguez III in his keynote address during the opening session of the 29th Mindanao Business Conference held online for
SEIZED CONTRABANDS. Customs Collector John Simon ( Left ) Oliver Valiente (right) chief of the Customs Intelligence and Investigation Service in Northern Mindanao holds a ream of illegally imported cigarettes during its destruction at the Digama Warehouse and Destruction Facility, Zone 6, Barangay Bayabas, Cagayan de Oro yesterday (see story on page 3).
The continuous surge of Covid-19 pandemic does not, in any way, stop this consortium of steel industry planners and developers to reinvent this former industrial city of the south into a thriving regional economy. After months on the drawing board, the grand plan to bring back to life the defunct National Steel
C or p or at i on , onc e t he economic driver of this southern city is about to fire up with a new, hi-tech integrated steel mill facility seen to generate thousands of jobs in the next two to three years. When the old NSC was still in its glory days, Iligan City had chiseled a niche in the industry as the No. 1 quality steel supplier in
the first time on Sept. 10, 2020. The finance secretary lauded the valiant efforts of businessmen who like their counterparts in the health and security sectors, were braving threats posed REVIVE/PAGE 11
A Water Master Plan for Cagayan de Oro
photo by gerry lee gorit
Reinventing Iligan
DOMINGUEZ
UNRUFFLED
RUFFY MAGBANUA Asia. Not anymore today. The former powerhouse FULL STORY/PAGE 4
KAGAY-ANONS have been so blessed with the gift of abundant water not many of us have bothered to grant it the attention its proper use and development deserves. Except perhaps for some instances in the past when the El Niño made us worry for a few months, we were never really anxious over the state of our drinking water, the possible shutdown of Mindanao’s hydroelectric power plants and subsequent brownouts bothering us more. We gave illegal logging
more attention, and with good reason: with Mindanao’s watersheds under threat, the abundance of water which gave the island its cheap, clean power and seemingly bottomless water supply could soon go the way of its primeval forests. And yet, we Kagay-anons especially, do not seem bothered by the looming water crisis which even now is rearing its head like a tsunami about to wash Cagayan de Oro into the sea. Consider WATER/PAGE 9
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