BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 042
Market Indicators
As of 6:10 pm september 8, 2016 (thursday)
FOREX
PHISIX
US$1 = P46.83
7,667.07
28.3 cents
X
47.97 points
X
Briefly Commitment for peace THE government (GRP) panel negotiating peace with the National Democratic Front (NDF) is committed in signing a f i n a l p e a c e a g re e m e n t with communist guerillas within one year, giving the administration of President Rodrigo Duterte five more years to start implementing key reforms mutually-agreed upon by both parties. Government negotiator Hernani Braganza disclosed that the Duterte administration has set a self-imposed deadline to wrap up the peace talks in a year’s time to allow the implementation stage of the peace process to take root before the President’s term ends in year 2022. “The negotiation stage may be difficult, but the real test of the peace process lies in the implementation of social, economic, and political reforms mutually-agreed upon by both parties,” Braganza told participants of the Central Visayas People’s Summit for Peace and Change held in Cebu City.
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IN-DEPTH
Duterte, Obama shake hands, chat after cancelled meet By AZER N. PARROCHA, PNA
IN what seemed like an e f f or t t o p at c h t h i n g s up, Philippine President Rodrigo Duterte and US President Barack Obama shook hands and shared a good conversation before t he g a l a d i n ne r at t he ASEAN Summit in Laos, a senator said Thursday. S e n a t o r A l a n Pe t e r Cayetano, who accompanied Duterte in his trip, said
that this was how the two presidents met informally in a holding room before attending a gala dinner at the ASEAN Summit. “You cou ld s e e t hat there is an ef for t f rom both sides to patch things up,” Cayetano, Chair of the Senate Committee on Foreign Relations, said. T h e p r e v i o u s d a y, Duterte mentioned in a
press conference that the US President should not question his way of dealing with the country’s illegal drug problem. This led the White House to cancel the scheduled meet between the two leaders. Cayetano stressed the importance of maintaining s t ron g d ip l om at i c t i e s between the Philippines and the US despite their earlier rift. meet/PAGE 11
GALA NIGHT. President Rodrigo Duterte attended the gala dinner for leaders at the Association of Southeast Asian Nations (ASEAN) Summit on Wednesday in Vientiane, Laos. Duterte, like other leaders at the event, was dressed in a traditional Laosian garb. Before the dinner, Palace officials said Duterte was able to speak briefly with United States President Barack Obama. (Photo grabbed: http://www.gmanetwork.com/)
M’danao’s biggest coal plant to end brownout T
By MYRNA VELASCO
HE completion of the 405-megawatt coal-fired power project of FDC Utilities, Inc. of the Filinvest Group is now advancing to full commercial operation, and such will effectively and symbolically end Mindanao’s predicament of prolonged power interruptions. The developer-firm FDC Utilities Inc. (FDCUI) has apprised media last week that the second unit of 135MW capacity was already synchronized to the grid. The project, so far, is the biggest to help meet the
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).
P15.00
Friday | September 9, 2016
PRAYERS FOR DAVAO. Kagay-anons light 300 candles Tuesday night outside Xavier University-Ateneo de Cagayan de Oro City in memory of the victims of Davao bombing incident that happened last week. The prayer rally dubbed as “Prayer for Davao” is an expression of solidarity for peace and justice. photo by gerry lee gorit
Two NDF consultants back Eid’l Adha on from peace talks in Norway Sept. 12 declared By CRIS DIAZ Contributing Editor
TWO consultants of the National Democratic Front (NDF) returned to this port capital Wednesday after two weeks in Oslo, Nor way, bringing with them hopes of
lasting peace for the country. Alfredo Mapano, 62, k now n a s “Par i s”, an d Pedro Codaste, 66, known as “Gonyong”, both political prisoners, were among the 22 NDF consultants ordered released from prison last talks/PAGE 11
nat’l holiday
DAVAO City -- President R o d r i go D ute r te h a s d e c l a r e d M o n d a y, September 12 a regular holiday nationwide in observance of Eid’l Adha (Islamic Feast of Sacrifice). eid’l/PAGE 11
immediate to long-term power supply needs of the grid. It has three units with 135MW capacity each. As qualified by Filinvest Development Corporation Chairman Jonathan Gotianun, brownout/PAGE 11
DAR chief alarmed over massive conversion of irrigated lands as non-agri By MARK D. FRANCISCO
AGRARIAN Reform Secretary Rafael V. Mariano has expressed alarm over massive conversions of irrigated lands to nonagricultural in many parts of the country. Sp e a k ing at a press conference here, Mariano said he is disturbed by the latest National Irrigation Ad m i n i s t r at i o n ( N IA ) report detailing how the
50,000 hectares of what was supposed to be agricultural land were converted into commercial, industrial or residential areas. T h e D e p a r t m e nt of Agrarian Reform (DAR) under its mandate could go after individuals and entities who failed to make use of the agricultural lands that the department has converted. alarmed/PAGE 11
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