BusinessWeek Mindanao (March 18-19, 2013 Issue)

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BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

As of 5:56 pm mar. 15, 2013 (Friday)

FOREX

PHISIX

US$1 = P40.62

6,676.06 points

18.65 points

X

X Briefly 10 cents

Tax drive

THE Bureau of Internal Revenue (BIR) Revenue Region 15, Revenue District 92 kicked off its 2013 tax campaign on Monday at Margarita Hall, Hotel Camila this city. Law yer Aler t B. Alocilja, BIR Revenue Region 15 director, said this annual activity is held to highlight BIR’s tax campaign for this year whose deadline is on April 15. “Our tax campaign slogan for this year is ‘I love the Philippines, I pay taxes correctly.’ Why correctly? Because there are taxpayers not paying their taxes correctly. If all taxpayers are paying the c orrect taxes, according to Commissioner Kim Henares, we will have an excess tax collection in the country,” Alocilja said.

Express lane

THE city council here has passed a resolution to formally request local banks to provide express lanes for the elderly, persons with disability, and pregnant women. The Cit y Council passed Resolution No. 11356-2013 during its regular session Tuesday but the council secretary released the details of the resolution only on Friday. Under the resolution, local banks were requested to adopt a system in the distribution of the social welfare assistance to beneficiaries of the “Pantawid Pamilyang Pilipino Program”(4Ps).

Monday-Tuesday

SOON

March 18-19, 2013

P15.00

Alsons to start rehab of Iligan diesel plant

Issue No. 177, Volume III •

Market Indicators

Cagayan de Oro City

WE’RE going

G

By BONG S. SARMIENTO, M inda N ews

ENER A L Sa ntos City —The Alcantara Group has formally taken over the 102-megawatt (MW) Iligan diesel power plant from the Iligan City government at a total project cost of P1.2 billion, a company executive said on Thursday.

The Aquino government has been actively campaigning to host some international events in the next two years that will actively involve participation of top global leaders in the business industries and the government. Line up for 2014 is the East Asian Summit of the World Economic Forum. In the same year, we will also host the Joint Session of the UNWTO Regional Commission for East Asia and the Pacific. This was highlighted in the speech of President

Aquino III during the MICECON 2013 in Davao City last Mar. 7. The Philippines could look forward to host the APEC Leaders Summit in 2015 with the “improved infrastructures and immergence of world class convention centers,” according to the President. Delegates to the MICECON 2013 have also experienced the famed hospitality of Davao City and the quality of service of the new hotels and tourism establishment in the city. advertorial

Bishops, priests urged not to ‘abuse’ pulpit By BONG D. FABE Correspondent

AN incumbent senator who is seeking reelection urged Catholic bishops and priests Wednesday to be open-minded and not use their habit and the pulpit in a one-sided, one-issue campaign against certain candidates for their stand on the highly-divisive Reproductive Health Bill that is already a law of the land.

“Gi na ga la ng ko a ng kanilang posisyon bilang mga mamamayang Pilipino. Pero wag sana nilang gamitin ang sutana at pulpito ng simbahan upang mangampanya pabor o kontra sa mga kandidato. Ang sinasabi ba nila bumoto tayo o wag tayong bumoto dahil sa isang bill lang?” Sen. Chiz Escudero asked. Reacting to reports that

certain bishops and priests are following the lead of the bishop of Bacolod, Vicente Navarra, in campaigning against senatorial candidates who supported the RH law, Escudero said that as leaders of the people, Catholic bishops and priests should be examples of open-mindedness. “Ibig ba nilang sabihin na bishops/PAGE 7

TOP IMPORTER. Bureau of Customs District 10 Collector Atty. Ma. Lourdes V. Mangaoang awards top importer Jetti represented by CEO Joselito Tibayan Magalona during the bureau’s awarding ceremony held at the Phividec Industrial Estate on Wednesday. With them are deputy collector Marvin Mison and Atty. Javier C. Alpano. photo by gerry lee gorit

BOC-10 awards top importers By GERRY L. GORIT Reporter

J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY

Oscar Benedict Contreras III, Alsons Power Business Unit manager for communications and stakeholder relations, said the power plant was turned over Monday and will operate under the name Mapalad Power Corp (MPC), a wholly-owned subsidiary of the publicly-listed Alsons Consolidated Resources, Inc. He placed the acquisition cost of the Iligan power plant at P387 million. “The total project cost that includes the acquisition, rehabilitation and other expenses amounted to P1.2 billion,” Contreras said in a text message. With the takeover by MPC, he said that rehabilitation of the power plant has rehab/PAGE 7

THE Bureau of Customs District 10 on Wednesday has awarded the top 10 importers of the region last year during the ceremony held at the Phividec Industrial Estate in Tagoloan, Misamis Oriental. District Collector Atty. Ma. Lourdes V. Mangaoang

led the awarding ceremony graced by other bureau officials, the awardees and guests of honor. Ma ngaoa ng sa id t he awards are given “to encourage them to import more.” Recognized as the top awardee for last year is oil player Jetti, represented by its CEO Mr. Joselito Tibay-

an Magalona. In 2011, Jetti ranked second. Mangaoang said the district office of the Bureau of Customs was able to increase its collection and reach the target with the dues and taxes collected from the importers. Some of the regions top importers have included Del importers/PAGE 7

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


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