BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 044
Market Indicators
As of 6:21 pm september 13, 2016 (tuesday)
FOREX
PHISIX
US$1 = P47.437
7,550.27
33.9 cents
X
31.52
X
points
Briefly Pag-IBIG Puerto branch TO serve and reach more members, Pag-IBIG Fund will soon open at the 2nd Floor, Vincent Yap Building (beside Cepalco building), National Highway, Puerto, Cagayan de Oro City. The service office will offer various services such as the membership/ employer registration, acceptance of applications for multi-purpose and calamity loans, and provident claims, and facilitate queries on membership, transfer of records and loan documentary requirements. Currently, there are two member services branches in the city which are located in JR Borja-Mortola Street and Max Suniel Street Barangay Carmen.
World travel mart DAVAO City -- For the first time, Davao City will be hosting the World International Travel Mart (WITM) for a B2B (businessto-business) event. MICE-Davao secretary Marilou Ampuan said it will be a meeting between the operators and buyers in the travel industry on Oct. 26 in Davao City. She said this is an opportunity for tour operators to meet with international tour counterparts and prospective buyers in possibly forging business agreement through the MICE (Meetings, Incentives, Conventions, and Exhibit). Davao City, she said, has become a destination for MICE which has been worked on by the tourism industry sector here and the Department of Tourism (DOT).
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Buseco shutdown set to proceed as scheduled if... www.businessweekmindanao.com
Wednesday | September 14, 2016
By H. MARCOS MORDENO, MindaNews
M
ALAYBALAY City -- The Bukidnon Sub-Transmission Company (BSTC) will proceed with the scheduled disconnection of Bukidnon Second Electric Cooperative (Buseco) from its system on Sept. 15 if the latter fails to pay its connection charge of over P7 million, BSTC chief operating officer Artis Nikki Tortola told dxDB-Malaybalay on Monday.
EID’L ADH. Hundreds of Muslims join the congregational prayer in celebration of Eid’l Adh at the football field in Davao City on Monday. (Mindanews Photo)
Regus forays into Mindanao with 1st branch in Davao City By CARMELITO Q. FRANCISCO, Correspondent
DAVAO City -- Global work station management company Regus launched its branch here last week, its first in Mindanao, and is looking to build more in other key cities in the southern island and in the Visayas. Regus Country Manager Lars Wittig said they are now considering putting up flexible work stations in the Mindanao cities of Cagayan
de Oro, General Santos and Zamboanga. In the Visayas, where the company already has two branches in Cebu City, Mr. Wittig said they are eyeing Mactan, Iloilo, Bacolod and Dumaguete. “The economy [in the country] is growing faster,” Mr. Wittig said at the inauguration of the branch at the Topaz
Tower owned by Damosa Land, Inc. (DLI). He said the Philippines is “among the brightest spots in terms of investment opportunities” within the Association of Southeast Asian Nations, and that growth should be brought outside the capital. “There is an exaggerated focus on Metro Manila,” he said. forays/PAGE 11
T h e a m o u nt c ov e r s connection charges from February to August this year, Tortola said. BSTC last week sent notice of the disconnection to local government units of areas that would be affected. Buseco’s franchise area covers Malaybalay City, the towns of Lantapan, Cabanglasan, Impasugong, Sumilao, Manolo Fortich,
Malitbog, Libona, Baungon and Talakag, and Barangay Lilingayon of Valencia City. Buseco said in an advisory on Thursday last week that BSTC has no legal basis to collect connection charges as there is no contract between them. The contract between Buseco and BSTC already expired on Jan. 25, 2016, the shutdown/PAGE 11
NO FISHING. A fisherman from Barangay Bonbon, Cagayan de Oro City anchors back his fishing boat as Typhoon Ferdie continues to batter some parts of Luzon and Visayas regions rendering Macajalar Bay rough and dangerous for small vessels. PHOTO BY GERRY LEE GORIT
Hoteliers shape up security plans to secure clients, tourists By MARK FRANCISCO, Staff Writer
HOTELS and restaurants here have banded together to shape up security measures in the wake of the deadly bombing in Davao City two weeks ago. The Cagayan De Oro Hotels and Restaurants Association (COHARA), had asked technical assistance from the Cagayan
De Oro City Police Office (Cocpo) on ways to increase the security of their premises, patrons, and employees. Pol i c e S e n i or Supt . Ronnie Francis M. Cariaga, the acting city police chief, told hoteliers and rest aurateurs t hat they should immediately
report to the police about suspicious persons and objects instead of spreading text messages. “When you spread these text messages, it will create panic to the recipients of t hes e mess ages, w hich would scare customers. We don’t want that to happen,” Cariaga said. Nelia B. Lee, the COHARA President, said
that for now, there has been no significant decrease in both hotel occupancies and dining patronages in the restaurants here. “We hope the situation would not change,” Lee said. Jerome F. De la Fuente, manager of the Limketkai Luxe Hotel, however, said t h at t h e y e x p e r i e n c e d cancellation of bookings days after the September
2 bombing in Davao City. “The hotel experienced c a n c e l l at i o n o f t i c k e t conventions and ro om reservations scheduled in the last quarter of the year and early next year by both the domestic and foreign guests,” De la Fuente said. De la Fuente said before the Davao City incident, L i m ke t k ai Lu xe Hot e l secure/PAGE 11
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