Mindanao Daily Set A (February 4, 2017)

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MINDANAODAILY THE PURVEYOR OF TRUTH, JUSTICE, AND DEVELOPMENT

WEEKEND

BUSINESS | ARTS & CULTURE | HEALTH | TRAVEL & TOURISM | PEOPLE | REALTY | EVENTS Volume VI, No. 204

Duterte to create central water agency

DAVAO City––President Rodrigo Duterte bared on Thursday (February 2) a plan to establish a central water agency in the country. Duterte broached the idea as he delivered his keynote speech at the 38th National Convention of Philippine Association of Water Districts (PAWD) See create, page 11

P15.00

We need more power in Lasureco -- Adiong Website: www.mindanaodailynews.com

Saturday

February 4, 2017

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By SONNY V. SUDARIA Mindanao Daily/Armm

MARAWI City--“The Lanao del Sur Rural Electric Cooperative (Lasureco) needs more power, not the massive appointment of officials.” Thus the message of Lanao del Sur Vice Governor Mamintal Bombit Alonto Adiong during the justheld installation of the new officials of Lasureco held at the Capitol Complex in Marawi City. Lasureco Assistant General Manager Solaiman Mutia turned over his post to Acting General Manager Dr. Norjiana Dipatuan See power, page 11

NEW OFFICIALS OF LASURECO. From left, Solaiman C. Mutia, Assistant Manager of Lasureco; Mamintal

“Bombit” Alonto Adiong, Vice Governor of Lanao del Sur; Habib W. Macaayong, President of the Mindanao State University System; Atty. Goldelio R. Revira, Chairman NEA-Assistant Administration Deputy for Cooperative Management Services Task Force Duterte Lanao Sur Power; Dr. Norjiana Dipatuan Ducol, the newly appointed acting General Manager of Lasureco and Task Force Duterte Lanao Sur Power; and Professor First Lady Macaayong of MSUS during the ceremonial turnover of the new officials of Lasureco. Photo by Sonny V. Sudaria for Mindanao Daily

SM extends assistance to flood victims in Davao T H E SM Sup e r m a l l s , through its social arm SM Foundation Inc. activated its Operation Tulong Express last January 30 to assist the victims flooding in Davao del Norte. The mall operator distributed 750 relief packages at Barangay Liboganon, Tagum City. The packs contain easy to cook goods to help the victims survive while they are coping with the effects of calamity. There were 10 employee volunteers from SM City Davao and SM Lanang Premier as well City Davao mall manager than a hundred families as SM Supermarket who Lynette Angala-Lopez. were affected by the tail joined the relief mission. Based on a report from end of the cold front in the The team was led by SM DSWD, there were more See flood, page 11

PVB: Bank with a heart By Bernie Cahiles-Magkilat

Dr. Roberto F. de Ocampo has nothing to prove anymore. The country’s former finance chief was instrumental in catapulting the Philippines as Asia’s new tiger economy with his tax reform measures during the time of then President Fidel V. Ramos. But he is not one who would run away from challenges. With that he accepted to head what could be the most challenging bank in the country: The Philippine Veterans Bank. THE BANK On June 18, 1963, the Philippine Veterans Bank (PVB) was created with the enactment of Republic Act No. 3518, which became its charter. While PVB was conceived and created as a private commercial bank owned by the veterans, the law provides that it would be a government depository as a gesture Dr. Roberto F. de Ocampo

See BANK, page 11

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