MIndanao Daily News (May 24, 2015)

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Mindanao Daily NEWS northmin . westmin . caraga . davao Bringing Good News of Mindanao

Volume IV, No. 007 web portal: www.mindanaodailynews.com

Sunday

May 24, 2015

P15.00

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House committees approve measure establishing Minpocor By Sammy F. Martin of PNA

THE Joint House committees on Energy; Government Enterprises and Privatization; and Mindanao Affairs have approved on Wednesday the bill that aims to establish Mindanao Power Corp. (Minpocor). The bill, entitled “An Act Creating the Mindanao

Power Corporation and Providing Funds Therefor,” was principally authored by Rep. Edgardo Masongsong together with 33 other legislators, including Rep. Reynaldo V. Umali. It aims to substitute House Bill 676, 2621, and 4883. House committee on Energy chairman and Oriental Mindoro Rep. Rey-

naldo V. Umali has presided the hearing, together with Reps. Arnulfo Go (House Committee on Mindanao Affairs) and Jesus Sacdalan (House Committee on Government Enterprises and Privatization). Resource persons and the legislators raised different issues that they thought Misamis Oriental Gov. Yevgeny Vincente Emano speaks during the 45th general as-

sembly of Misamis Oriental Electric Service Cooperative (Moresco) I Friday in Laguindingan, Misamis Oriental. photo by mark francisco

FWD Life launches CdeO hub See APPROVE, page A7

CAGAYAN de Oro City -- FWD Life Insurance Corporation (FWD Life) is expanding its operations in the Philippines with the opening of its first business hub in Cagayan de Oro City.

The hub will provide access to FWD Life’s insurance products to more than four million Cagayanos and residents of neighboring cities in Northern Mindanao. FWD Life is also set to extend its distribution reach in CDO, through the rollout of bancassurance offerings in Security Bank branches in June. “We are excited to bring the FWD brand to Cagayan de Oro and Mindanao through our business hub, FWD agency team, and bancassurance partnership with Security Bank,” FWD Life Insurance Corporation Chief Human Resources Officer Rozanne Parungo, FWD Life President and Chief said FWD Life President Executive Officer Peter Grimes, Cagayan De Oro City Local Economic Investment Promotions Officer Eileen San and Chief Executive OfJuan, and Limketkai Sons, Inc. Executive Vice President and Chief Operating Officer Albino Limketkai at the ribbon ficer Peter Grimes. “With cutting ceremony of the FWD business hub at Limketkai Center, Cagayan de Oro City. photo provided this vibrant city’s growing

economy and population, we are confident our CDO hub will significantly contribute to the growth and expansion of our business in the Philippines.” The office, located in Limketkai Center, in the heart of CDO’s commercial district, is FWD Life’s first business hub outside Metro Manila. With the opening of the facility, FWD Life aims to build brand awareness, improve customer engagement and services, and strengthen its distribution support facilities. The agency already numbers in excess of 100 financial wealth planners based in CDO, with more expected See life, page A11

P2M worth of illegal drugs in Gingoog City burned

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GINGOOG City -- Illegal drugs and paraphernalia with a total valued at P2,003,631 were razed on May 20 in a public destruction held at the Gingoog City Hall Grounds. The destroyed drugs consisted of 5,954.54 grams Marijuana plants, fruiting tops or seeds and 181.69

grams of methamphetamine hydrochloride or shabu. Gingoog City Regional Trial Court (RTC) ordered the destruction of the dangerous drugs after being presented as relative evidence to the 28 decided cases of anti-illegal drug operations from 2004 to 2014. The event was spear-

headed by the Local Government Unit (LGU) of Gingoog, Philippine National Police (PNP) and Philippine Drug Enforcement Agency (PDEA) in region 10 which were led by City Mayor Marie L. Guingona; PCSupt David Y Ombao, regional director, Police Regional Office (PRO

Caraga); PCSupt Lyndel A Desquitado, regional director, PRO 10; and PDEA-10 Regional Director Wilkins M Villanueva. PCSupt Desquitado challenges stakeholders in shaping a drug-free Mindanao and uphold respective task in fight against drugs. See drugs, page A7

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


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