vertical home builders enterprises
MINDANAO DAILY
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.”
We innovate... and we lead!
Volume VII, No. 276
www.mindanaodailynews.com
Tuesday
May 1, 2018
Northern Mindanao economy posts 5.9% growth in 2017
C
AGAYAN DE ORO CITY - The economy of Northern Mindanao posted a 5.9 percent growth in 2017, lower as compared with the 7.5 percent growth recorded in 2016.
According to Philippine Statistics Authority (PSA) regional director Ronaldo Taghap during its news conference in Cagayan de Oro City, among the major economic sectors, services
Displaced Marawi residents who moved to the transitional shelters in Area 4 in Barangay Sagonsongan in Marawi City early this year line up to fill their containers with water courtesy of the Philippine Red Cross on 27 April 2018. Water supply has been a major problem and has become a major source of conflict among residents not only in Area 4 but in the other areas where transitional shelters have been built, and in the newly-opened Sarimanok ‘tent city’ near the provincial capitol. mindanews photo by carolyn o. arguillas
For quality bags, visit:
had the fastest growth at 6.6 percent, lower than the previous year's growth of 8.3 percent. Industry decelerated to 5.9 percent compared with the 9.8 percent growth in 2016. Meanwhile, Agriculture, Hunting, Forestry and Fishing contributed 1.0 percentage point to the 5.9 percent growth of economic performance of the region in 2017. Agriculture and Forestry, which accounted for 87.5 percent of the total AHFF sector, increased by 5.7 percent. On the other hand, Fishing declined by 1.6 percent. This was driven by the decline in tiger prawn and seaweed production. Further, Industry contributed 2.1 percentage points to the 5.9 percent growth of the region's economy. Manufacturing which remained the highest contributor to the region's economy, grew by 5.5 percent growth. Electricity, Gas and Water Supply and Mining and Quarrying, posted double digit growth of 13.8 percent and 10.5 percent, respectively. On the other hand, Construction expanded by 2.2 percent See economy, page 11
P15.00
Distributor & Dealer of: Steel Bars; Holcim Cement; Davis Paint; Sand & Gravel; Plywood; INdustrial Supplies; Finishing Supplies; Electrical Supplies; Power Tools; Air Compressors
Office space demand seen to drive real estate growth By Leslie Gatpolintan
PNA
MANILA -- Global real estate consulting firm JLL expects steady and continuing growth for the Philippine real estate sector this year, mainly on the back of the stable demand for office spaces with the country’s strong economic growth. JLL Philippines Country Head Christophe Vicic said the high demand of the business process outsourcing (BPO) and gaming companies for office spaces is expected to boost developments even outside Metro Manila. “We are quite confident
that it will generate opportunity and it will make real estate industry grow again this year,” he said in an interview this week, following JLL’s acquisition of JCL International, a leading project and construction management company in the country. Vicic noted that the current expansion of other companies and BPO firms looking for more office spaces will drive the growth of the office market. “We think that leasing office space will grow between 10 and 15 percent (this year) and these include landlord area and tenant See drive, page 11
DOLE-12 to release P12.7-M livelihood grants on Labor Day GENERAL SANTOS CITY-The Department of Labor and Employment (DOLE) in Region 12 will release around P12.7 million worth of livelihood assistance to disadvantaged workers in different parts of the region as the country marks Labor Day on Tuesday. Sisinio Cano, DOLE12 regional director, said Monday at least 16 workers’ groups and local government units (LGUs) will receive livelihood packages and financial assistance under the agency’s flagship DOLE Integrated Livelihood
and Emergency Employment Program (Dileep). Cano said the 10 of the recipients are from North Cotabato, three from Sultan Kudarat, two from Cotabato City, and one from this city. The grants will be released during the 2018 Trabaho, Negosyo at Kabuhayan job and business fairs and Labor Day celebration slated on Tuesday, May 1, at the trade halls of the SM mall here. “These are material and financial grants for various livelihood ventures or See labor, page 11
SUITES The Travellers’ Choice
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
mindanaodailynews@gmail.com mindanaodaily.ads@gmail.com 0917-7121424, 0947-8935776