BusinessWeek Mindanao (September 30, 2019)

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BusinessWeek M I N DA N A O CREDIBLE

Volume X, No. 49

AS OF 6:00 PM SEPT. 27, 2019 (FRIDAY)

FOREX

PHISIX

US$1 = P 51.875

7,819.22

X Briefly

23.50

77.26

cents

points

X

Tax payment center THE Mati City government has partnered with a payment center to make it easier for people to pay taxes. The local government last week signed an agreement with Corporate Information Solutions, Inc., which owns Bayad Center. Taxpayers may now pay taxes at Bayad Center outlets, including those inside convenience stores, and no longer have to go to the city hall. They may also pay taxes at 7-Eleven and Mini-Stop stores, Palawan Pawnshop, LBC and Cebuana Lhuillier.

Coco levy fund DAVAO City -- Senator Cynthia Villar is confident that President Rodrigo R. Duterte would sign the refiled Senate Bill 1233, or the Coconut Farmers and Industry Development Act, and Senate Bill 1976, or the Strengthened Philippine Coconut Authority (PCA). Duterte vetoed the bill in February for lack of “safeguards” to prevent coco levy funds from being used unlawfully. In her speech during the opening of the 2019 Davao Agri Trade Expo (DATE) held here Thursday, Villar said she was hoping for its approval, noting that the President mentioned in his 4th State of the Nation Address (SONA) that the development of the country's coconut industry remains a priority.

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P52-B Mindanao-Visayas grid connector on target T Thank you for trusting us!

HE P52-billion project that will link the power grids of Mindanao and Visayas is on track despite continuing right-of-way and permitting issues, the privately-owned National Grid Corp. of the Philippines (NGCP). “M V I P ( M i n d a n a o Visayas Interconnection Project) is underway. I hope

we finish as scheduled. We have already awarded part of GRID/PAGE 10

Oca thanks Italpinas for investing in CDO By MARK FRANCISCO, Reporter

MAYOR Oscar Moreno personally congratulated It a lpi n a s D e ve l opm e nt C or p or at i on c h a i r m a n and chief executive officer

Architect Romolo Nati for investing in Cagayan de Oro City these past ten years during the launch of Citta THANKS/PAGE 10

RODEO.Cowboys try to tie down a cow during the carambola portion of rodeo competition in Impasugong, Bukidnon last week . The town prides itself as the home of the country's finest cowboys. mindanews photo by froilan gallardo

Davao-Manado air route is back By CAROLYN O. ARGUILLAS, MindaNews

DAVAO City -- Philippine Ambassador to Indonesia Leehiong Wee will be among the passengers in the inaugural flight of Garuda Indonesia from Manado to Davao and Davao to Manado on Friday, September 27, one year and 26 days after Wee and Indonesian Ambassador to the

Philippines Sinyo Harry Sarundajang signed a statement at the Indonesian Embassy in Manila to promote the reestablishment of the air route. The last time this route was available was 12 years ago, in May 2007. ROUTE/PAGE 10

Davao expo to earn P100M By ANTONIO L. COLINA IV, MindaNews

BRAVE FISHERMAN. A fisherman paddles into the Davao Gulf near Isla Verde, Davao City amid the rough seas brought by the southwest monsoon, which normally occurs from June to September. This period adversely affects the livelihood of fisherfolk as their catch dwindles. mindanews photo by keith bacongco

DAVAO City – At least P100 million in exhibitors’ sales and contract deals are expected to be generated during the three-day 21st Davao Agri-Trade Expo (DATE), dubbed the biggest and longest-running agricultural expo in Mindanao, at the SMX Convention Center here. Va l e nt e D. Tu r tu r, DAT E

chairperson, said in an interview that the trade expo drew over a hundred exhibitors engaged in various agricultural industries from all over the Philippines. The expo opened on Thursday and will run until Saturday. Turtur said plenary sessions EXPO/PAGE 10

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