BusinessWeek Mindanao (September 6-8, 2013)

Page 1

Volume IV, No. 12

www.businessweekmindanao.com

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Market Indicators As of 6:16 pm Sep. 5, 2013 (Thursday)

FOREX

PHISIX

US$1 = P44.53

5,959.22 points

11 cents

X

9.11 points

X

Briefly Navigational aid A RESOLUTION requesting the Department of Transportation and Communication (DOTC) secretary, through the Civil Aviation Authority of the Philippines (CAAP) to fast track the installation of navigational aid and other facilities at the Laguindingan Airport was endorsed to the City Council committee on laws and rules chaired by Councilor Ramon G. Tabor. This is an offshoot of discussions during the joint meeting yesterday of the City Council committees on trade, commerce and cooperatives, on public utilities and on public works chaired by Councilors Edna Dahino, Roger Abaday and Alden Bacal, respectively. The meeting was called in response to the special report made by Councilor Dahino regarding the plight of passengers due to cancellation of flights in the supposed to be “all weather” airport.

Relief assistance MARAWI City -- Around 1,000 residents in the province received relief goods from the Autonomous Region in Muslim Mindanao (ARMM) government. Spearheaded by Office of Regional Vice-Governor, the distribution of relief goods was held in Ganassi town and in Brgy. Tuca, this city. Each of the beneficiaries received three kilos of rice, two cans of sardines, two cans of corned beef and packs of noodles. ARMM Vice-Governor Haroun Alrashid Lucman Jr. said the distribution of relief goods is one of their strategies to alleviate poverty in the region.

P15.00

September 6-8, 2013

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Surigao folks anxious over new nickel plant By ROEL N. CATOTO, MindaNews

CLAVER, Surigao del Norte – Residents of this mining town have greeted with mixed reactions the September 4 inauguration of the Taganito High Pressured Acid Leach (THPAL). T H PA L , l o c a t e d i n Barangay Taganito, is a joint venture between Nickel Asia Corporation (NAC) and Sumitomo Metal Mining Co., Ltd. (SMMC). It is currently

the largest mining investment in the country’s mining sector at US$1.6 billion. While most locals welcome the jobs and other economic opportunities the

processing plant will bring, they also fear its potential health and environmental hazards. These concerns heightened on July 4, when the facility emitted foul odor that last almost 24 hours. It was learned that the company had conducted a test-run at the facility, but the management said the odor was nontoxic. plant/PAGE 15

Govt workers against faking their eligibility

BIG MINING INVESTMENT. The construction phase of Taganito High Pressured Acid Leach (THPAL) in Surigao del Norte. The $1.6 billion nickel facility is the country’s biggest mining investment thus far. (www.nickelasia.com)

By BUTCH ENERIO, Correspondent

THE Civil Service C ommission (CSC) has warned government employees and those who are applying in government service not to commit the mistake of faking their documents or suffer the consequence. Lourdes Clavite-Vidal, CSC regional director for northern Mindanao said that the bulk of cases the commission is handling pertain to reports of

government employees with questionable personal data, particularly their eligibility. The CSC which is celebrating its 113th anniversary with the theme: “ Tatak Lingkod Bayani: Isabuhay, Ipagmalaki at Ip agbuny i”, dur ing t he Talakayan sa PIA, said that good governance is founded on the sincerity, integrity and credibility of the civil servants. workers/PAGE 15

‘BILLIONAIRE CITY’. High-rise buildings crowd Cagayan de Oro City’s skyline. With its enormous economic gains achieved through the years, the city has already gained a moniker as among the country’s few “billionaire” cities. www.skyscrapercity.com

CdeO is a ‘billionaire city,’ says report By CRIS DIAZ of Mindanao Daily News

Bishops of the Iglesia Filipina Independiente express their outrage on the pork barrel issue as they pledge to spearhead anti-pork rallies in Cagayan de Oro on Sept. 11. mindanews photo by froilan gallardo

WITH a budget allocation of over P 1.1 billion for fiscal year 2013, this port capital of Nor t her n Mindanao aptly earned the moniker as a “billionaire” city, a city treasurer’s report on Wednesday said. The documents were contained in a report to the Bureau of Local Government Finance in Nor thern Mindanao transmitted by the outgoing City Treasurer-

designate Marilyn Legaspi on Aug. 20, 2013. Legaspi transmitted the report on instruction of BGLF Regional Director Susan Ganancial to turn over the money and accountability to the incoming City Treasurer Designate Glenn Bañez. Bañez was designated Incharge of the Office of the City Treasurer here effective August 19, 2013 until Feb.

18, 2014 by virtue of BLGF Special Personnel Order No. 035-2013. Based on the endorsement signed by Legaspi dated Aug 20, 2013, out of the P 1. 1 billion amount, the total cash in banks for the General Fund was P 832,376,940.19, the Special Education Fund, P 191,283,913.43 and P 100,568,452.67 for the Trust Fund, or a grand total of P1,124,229,306.29. report/PAGE 15

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