Mindanao Daily

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MINDANAO DAILY T H E P U RV E YO R O F T R U T H , J U S T I C E , A N D D E V E LO P M E N T

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Ayala Group to strengthen presence in M’nao region Volume VI, No. 157

PDIC takes over rural bank in Misor

THE Philippine Deposit Insurance Corp. (PDIC)on Friday took over the management and operations of Xavier-Tibod Bank, Inc. (A Microfinance Rural Bank) in Misamis Oriental. Under Resolution No. 2133. A dated December 1, 2016, the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) directed PDIC as Receiver to proceed with the takeover and liquidation of the bank. Xavier-Tibod Bank is a two-unit rural bank with Head Office located on Pabayo St., Divisoria, See bank, page A6

Other headlines n Davao City eyed as new tourism, investment destination/p.A2 n TSI renovates libraries of local high schools/p.A3 OPINION | The truth about Leni’s dismissal/p.A4 OPINION | Strike anywhere/p.A4 n Schools should give knowledge, not condoms, say Church execs/p.A5

Website: www.mindanaodailynews.com

Tuesday

December 6, 2016

By RUEL V. PELONE Managing Editor

TO strengthen its commitment in building progressive development of Mindanao, the Ayala Group has reintroduced itself with the launch of “Accelerating The Future With Our SMEs” on Monday (December 5, 2016) at the Centrio Mall in Cagayan de Oro City. Former Cabinet Secretary Rene Almendras, now AC Infra president and CEO, said the Ayala Group has rebranded its emerging businesses––the AC Energy, AC Infra, AC Health, AC Education, AC Industrials, and AC Automotive. In a press conference, Almendras told reporters Bank of the Philippine Island (BPI) President and CEO Cezar Consing delivers his that Ayala is also planning speech during the launching of Ayala Group’s “Accelerating the future with our SMEs” to bring to Mindanao its on Monday (December 5, 2016) at Ayala Mall in Cagayan de Oro City. healthcare services called Mindanao Daily photo by Gerry Lee Gorit

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“FamilyDoc.” Ayala has also ventured into the education business by putting up an Affordable Private Education Center (APEC) schools. The Ayala Group, the oldest conglomerate, has a long-standing presence across diverse industries, and such initiative maintained its prime position to help address some of the country’s pressing development challenges by reinforcing its ties with its partners. Aside from the ongoing construction of 4x138 megawatt thermal facility in Kauswagan, Lanao del Norte, Almendras said the company is planning to construct another power plant in Mindanao. He, however, did not elaborate. See ayala, page A7

Lanao del Norte hosts triathlon amid violence By GERRY LEE GORIT Correspondent

CAGAYAN de Oro City--In spite of the armed conflict in areas in its neighboring province, Lanao del Norte has remained undeterred in and has in fact acting as host to sports events within the month. Gov. Imelda QuibranzaDimaporo said they are not affected by the fighting between government forces and the Maute group in Butig, Lanao del Sur and even hosted a triathlon competition. The governor said “it is business as usual” in Lanao del Norte, and as proof of this, the Lanorte Man 2016

was held and was participated in by triathletes from all around the country over the weekend. Quibranza-Dimaporo said Lanao del Norte was the venue of the last leg of the

Lanorte Man, a triathlon competition organized by the provincial government and participated in by local enthusiasts and professional triathletes from all over the country from

December 3 to December 4. A special category for children, Lanorte Kids, was also held on the same date. The Lanorte Man 2016, separated into two different types, was the final series

of the competition with 285 athletes competed to test who was at peak human body condition. The types comprise of the Sprint and the Standard. See HOSTS, page A6

Editorial: e-mail: mindanaodailynews@gmail.com • Advertising: e-mail: mindanaodaily.ads@gmail.com Contact: 0917-7121424, 0947-8935776


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