MINDANAO DAILY YOUR MINDANAO-WIDE DEVELOPMENTAL NEWSPAPER
Volume VII, No. 251
www.mindanaodailynews.com
Wed-Sat
March 28-31, 2018
P15.00
vertical home builders enterprises 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
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.
“YOU NAME IT, WE HAVE IT.”
COWD: No need to notify PCC on bulk water deal Distributor & Dealer of: Steel Bars; Holcim Cement; Davis Paint; Sand & Gravel; Plywood; INdustrial Supplies; Finishing Supplies; Electrical Supplies; Power Tools; Air Compressors
By MIKE BAÑOS, Editor-at-Large
A SENIOR official of the Cagayan de Oro Water District (COWD) said the water firm did not notify the Philippine Competition Commission (PCC) of its joint venture with MetroPac Water Investments, Corp. because there was “no need to do it.” “We will wait for the PCC to decide, but MetroPac has already replied to that issue,” said Eduardo Montalvan, chairman of the COWD Board of Directors during a press conference last week. “The threshold (for notification) of PCC, if I’m not mistaken, is P3 billion, so it has to be a P3 billion project and ours is only P140 million.” Late last year, Lawyer James Judith, representing Councilors Teodulfo Lao Jr., Eric Salcedo and Reuben Daba filed a motu propio complaint with the PCC alleging MWIC and Rio Verde Water Consortium Inc. (RVWCI) failed to submit their operation and management Officials and employees of the Cagayan de Oro Water District (COWD) with some of the members of the local media praci- contract and bulk water supply contracts when these tioners meet for a press conference during the World Water Day celebration in Cagayan de Oro City. Contributed photo
PCC recalibrates M&A notifications
THE Philippine Competition Commission (PCC) has recalibrated the thresholds for required notifications of mergers and acquisitions (M&A) after careful evaluation of the actual notifications to date and to keep pace with recent developments in the economy. In its Memorandum Circular No. 18-001 released on March 5, the PCC raised
the new thresholds to P5 billion for the Size of Person and P2 billion for the “size of transaction” as defined in the Implementing Rules and Regulations. This is the first time PCC has adjusted the thresholds since the Philippine Competition Act was enacted with the P1-Billion default threshold. MC 18-001
By GERRY LEE GORIT Correspondent
In a statement he posted on Facebook on Monday, RBN president and chief executive officer Elgin Robert Damasco has mandated all radio station employees, including volunteer reporters, under the network to undergo drug test and to require applicants to submit all the necessary certifications from the barangay, police and Philippine
See WATER, page 11
See recalibrates, page 5
Radio network submits workers for drug test CAGAYAN de Oro City-Following the arrest of a radio reporter for alleged possession of “shabu” (crystal meth), the management of Radyo Bandera Network (RBN) has ordered all its stations and affiliates to ensure that none of its personnel are involved in illegal drugs or other criminal activities.
See submits, page 11
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