MINDANAO DAILY TRUTH. JUSTICE. PROGRESS.
S ince
1923
Biz sentiment up in Q4, consumers less upbeat Volume IX, No. 181
www.mindanaodailynews.com
Fri-Sun, December 27-29, 2019
P15.00
OPTIMISM among Filipino businessmen rose in the fourth quarter of 2019 due to the holiday and the harvest seasons, but consumer confidence slipped due to higher commodity prices. In a briefing Friday, Department of Economic Statistics (DES) officer in charge Fernando Silvoza said confidence index (CI) under the business expectation survey (BES) rose to 40.2 percent from 37.7 percent during the survey in the third quarter of the year. The sanguinity of investors in the country was similar to those in Brazil, Chile, Hungary, and the Netherlands, the Bangko Sentral ng Pilipinas (BSP) announced. Respondents attributed their optimism to higher consumer demand during the holidays and the harvest season; increase in sales, orders, and projects; more favorable macroeconomic conditions; higher government spending, particularly on infrastructure; and business expansion. See UPBEAT, page 15
Palace warns public: Be wary of liquor purchase
ANDANAR IN ORO. Speaking during the 8th Mindanao Business Leaders and Entrepreneurs Awards at the Limketkai Luxe Hotel in Cagayan de Oro City, Communications Secretary Martin Andanar who is also the Cabinet Officer for Regional Development (CORD) in Region 10 reported that the Regional Task Force-Ending Local Communist Armed Conflict (RTF-ELCAC) in Northern Mindanao which he chairs has the highest accomplishments among the 17 regions in the country. Andanar also shared with enthusiam the announcement by the National Economic and Development Authority (Neda) that the country’s poverty incidence decreased by 16%. Photo by Gerry Lee Gorit
THE Malacañang on Monday urged the public to carefully assess their liquor purchases following reports that at least 11 people have died and hundreds hospitalized from drinking lambanog (coconut wine) in Laguna and Quezon provinces. Presidential Spokesperson Salvador Panelo said the Palace was “alarmed” over the reported cases of suspected lambanog poisoning especially during the holidays where alcohol is usually present in parties. Lambanog or coconut wine. Panelo cautioned See WARNS, page 15
Photo courtesy of PTV/PNA