vertical home builders enterprises
SUITES
Patag Highway, Cagayan de Oro City
Tel. No. 858-5789 / Fax No. 850-5020; Cel. Nos. 0919-655-3754, 0923-304-2676 Email: verticalhomebuilders@yahoo.com
The Travellers’ Choice
Dealer of hardware and construction materials: Product Lines: Angle Bars; Gl Pipes; C-Purlins; Holow Blocks; Coco Lumber; Carrying Channel; Double Furring Channel; Single Furring ; Acoustic Board; Polycarbonate; Power Tools; Good Lumber S4S; Panel Doors; PVC Laminated Panel; PVC Vertical Blinds; Roller Blinds ; Wooden Blinds; Armstrong Vinyl Tiles; Kent Vinyl Tiles; Parquet Tiles - Apo Vinyl Tiles.
free wifi hot and cold showers spacious parking lot CAPISTRANO-CALAMBAGUHAN ST. CAGAYAN DE ORO CITY TEL #: 881-2708 / 850-6537 CEL #: +639363007688 (TM) +639092721115 (SMART) rsuitescdo@gmail.com
“YOU NAME IT, WE HAVE IT.”
Distributor & Dealer of: Steel Bars; Holcim Cement; Davis Paint; Sand & Gravel; Plywood; INdustrial Supplies; Finishing Supplies; Electrical Supplies; Power Tools; Air Compressors
MINDANAO DAILY MINDANAO’S LEADING NEWSPAPER
Volume VII, No. 053
Website: www.mindanaodailynews.com
Monday
P15.00
July 24, 2017
BOC import tax-take goes up even with ML
Enciso
By GERRY LEE GORIT Correspondent
CAGAYAN de Oro City-The implementation of the martial law has no adverse effect on the transshipment of imported items to local ports in Northern Mindanao, a Bureau of Customs-10 (BOC-10) official said yesterday. In fact, the enforcement of the military rule in the entire island of Mindanao has even encouraged importers to ship their goods here, said Alvin Y. Enciso, chief of BOC-10’s Customs Intelligence and Investigation Service (CIIS). REPLICA. A huge replica of a crocodile made of rubber served as a prop for a group’s ethnic performance in Ozamiz City and will be displayed See IMPORT, page 11
as one of the attractions in time for a huge Asean event which Ozamiz is a part of. Photo by Gerry Lee Gorit
Pernia: Nothing definite yet on ODA funds from China By Mike Baños Editor-at-Large
Unveiling of the Aksyon Para Ambisyon PDP RDP Northern Mindanao.
CAGAYAN de Oro City-The country’s socio-economic planning secretary has downplayed reports that the Philippines is at risk from loans and official development assistance from China arising from President Rodrigo Duterte’s recent state visit to Asia’s largest country. “We don’t know yet what the Chinese will be charging because nothing has been signed yet in terms of financing,” said Socioeconomic Planning Secretary and National Economic and
Development Authority Director General Ernesto M. Pernia during a press conference held here following the unveiling of the Philippine Development Plan and the Northern Mindanao Regional Development Plan for 2017-2022. In November last year, the National Economic and Development Authority (Neda) Board approved the guidelines to ensure the transparent availment of Chinese loans being extended to the Philippines. The board, chaired by the President, approved the “Guidelines for the Availment of Chinese Support
for the Conduct of Preinvestments and Investment Activities.” Guidelines for transparency To avail of the Chinese support or preferential or concessional financing under the guidelines, the Department of Finance (DoF) requires proponent agencies to: adhere to the implementation procedures of both the Chinese and Philippine governments; employ qualified, legitimate, and good standing Chinese consultants/contractors; engage different entities in the development See FUNDS, page 2