Perspectives go with position
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Mindanao Daily Your Mindanao-wide Community Newspaper
Volume II, No. 023
web portal: www.businessweekmindanao.com
Wednesday
COC-Phinma opens new school building IN PURSUIT OF PROVIDING QUALITY EDUCATION
By Christine Cabiasa Staff writer
C
AGAYAN de Oro Mayor-elect Oscar Moreno yesterday led the ceremonial cutting of ribbon that marked the opening of the five-storey classroom building of the Cagayan de Oro CollegePhinma Education Network (COC-Phinma) held at its main campus along Lirio Street in Barangay Carmen. Ramon del Rosario, Phinma chairman and COC director, said the new fivestorey building is part of the school’s legacy of providing quality education to students in Mindanao, specifically Northern Mindanao. The building has 30 classrooms, 17 of which are fully air-conditioned, the Mindanao Daily learned. It is also equipped with laboratories complete BUILDING | page 11
P10.00
June 19, 2013
CUTTING OF RIBBON. Outgoing Misamis Oriental Governor Oscar S. Moreno, now Cagayan de Oro mayorelect, spearheads the ceremonial cutting of ribbon of the newly-constructed five-storey building of COC-Phinma Basic Education on Tuesday morning held at its main campus along Lirio Street, Carmen, Cagayan de Oro. Joining Moreno are Dr. Chito Salazar, COC president; Ramon del Rosario, COC chairman; Magdaleno Albarracin, COCPhinma vice chairman; and Engr. Raymundo Reyes, COC COO. Mindanao Daily Photo by Arjay S. Felicilda
Robbers continue to outwit Oro cops By CRIS DIAZ Executive editor
CAGAYAN de Oro City–– Eight armed men barged inside the office of a power firm here Tuesday morning and held up the customers and the company cashier before fleeing with about P 80,000 cash, a police report said. Sr. Insp. Alfredo Ortiz of the Carmen police station said that all of the unidentified suspects were armed with .45 caliber pistol except for one who was armed with an Uzi assault pistol. Ortiz said the armed men barged inside the branch office of Cagayan de Oro Power and Light Company (Cepalco) in Barangay Carmen past 9 a.m. Tuesday. The detailed security told police that about four of the armed were already inside the office when another four men came inside, two of them poke a gun and disarmed the security guards while the other two served as lookout, Ortiz said. He said the three armed who were already inside the office ordered everyone to relax before divesting outwit | page 11
Exclusionary growth worsens under Aquino administration THE country’s problem of exclusionary growth has been worsening in the last three years of the Aquino administration with increasingly rapid growth accompanied by dramatically slowing
job creation, research group Ibon reported. This is affirmed by the recently released labor force data which shows a 21,000 decrease in employed Filipinos to 37.819 million in
April 2013 from 37.840 in the same period last year, it said in a statement published on its website Thursday. The economy has been registering higher worsens | page 11
Bukidnon’s debt servicing: P405.4 million in nine years By Walter I. Balane of MindaNews
MALAYBALAY City––The Bukidnon provincial government has paid a total of P405.383 million for loans mostly for its major hospitals since 2004, according to the latest Statement of Debt Service of the province, dated March 31 this year. This is equivalent to an average of P45 million a year or slightly higher than
the province’s projected tax revenues for 2013 at P44.554 million. It also expects to earn P26.885 million in “nontax revenues” from regulatory and license fees. For 2013, Bukidnon has an internal revenue allotment (IRA) of P1.409 billion. In 2012, according to the annual budget, the pro-
vincial government allotted about P67 million for debt servicing. Of the total loan paym e nt s i n n i n e y e a r s , P220.445 million or 54.38 percent went to payment for principal and P184.937 million or 45.62 percent to interest payments. The total loan principal debt | page 11
robbery at cepalco
Nearly a dozen of armed men yesterday barged into the branch of the Cagayan de Oro Power and Light Company (Cepalco) in Barangay Carmen in Cagayan de Oro a few minutes after it opened yesterday morning divesting the company of its early earnings including the power firm’s paying customers. According to police investigators, the suspects fled carrying the P100,000
loots using three motorcycles. Police said paying customers are not spared by the suspects as they were divested of their mobile phones, laptops, cash, and other personal belongings. The daring holdup was witnessed by many people in the area but the perpetrators managed to escape, at least, casually. mindanao daily photo by gerry lee gorit
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