BusinessWeek Mindanao (September 21-27, 2013)

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Volume IV, No. 14

www.businessweekmindanao.com

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Market Indicators As of 6:13 pm Sep. 20, 2013 (Friday)

FOREX

PHISIX

US$1 = P43.055

6,424.45 points

.05 cents

X

87.25 points

X

Briefly Rehab for Zambo PRESIDENT Benigno Aquino III on Thursday said the government is readying P3.89 billion for the rehabilitation of villages that suffered intensive damage during fighting between government forces and a faction (supporters of Nur Misuari) of the Moro National Liberation Front. “P3.89-billion ang tinataya kailangan nating gastusin. Meron na tayong nakahanda na P6.1-billion, so may sobra pa,” the President said in a radio interview in Zamboanga City, heard live nationwide. The P6.1 billion contingency fund is allotted for rehabilitation projects, including the construction of temporary bunkhouses, cash-for-work programs, and educational assistance.

Registry system THE Department of Labor and Employment (DOLE) here on Friday urged the city government and the local government units to implement the Skills Registry System (SRS) in all the barangay units in Northern Mindanao. Alan M. Macaraya, regional director of DOLE, said that the SRS is a computerized data system that aims to create a readily available data that will aid in addressing the country’s growing problem on skills-andlabor mismatch. Based on the June 2013 National Statistics Office record of unemployment rate in Region-10, the number of unemployed has climbed to 7.5 million from 5.6 million unemployment rate data in January 2013 Macaraya blamed the escalating unemployment in the region due to labor-skills mismatch.

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September 21-27, 2013

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PLDT-Philcom upgrade in Bukidnon loses interconnection with Sotelco By WALTER I. BALANE, MindaNews

MAL AYBAL AY City -T h e P L D T- P h i l i p p i n e Global C ommunication (Philcom) and the Southern Te l e c o m m u n i c a t i o n Company (Sotelco), the two landline telephone companies operating in Bukidnon, are

no longer interconnected as of the second week of August. Bobet Parrado, PLDTPhilcom Malaybalay business center office in-charge, said the disconnection is due to his company’s migration to new equipment. He cited

the incompatibility of his firm’s new main switch and the device used in interconnection. Republic Act 7925 or the Public Telecommunications Act of 1995 mandates the National Telecommunication C ommission to ensure “fair and re as onable

interconnection of facilities of authorized public network operators” and other providers of tele communic at ions services through appropriate modes of interconnection and at a reasonable and fair level of charges. The interconnection policy was meant to promote

Business back to normal in Zambo By LOVELY MAE CASENAS Staff Member

A

S business operations are back to normal in Zamboanga City, the Bangko Sentral ng Pilipinas (BSP) said there is sufficient supply of currency to spur economic activity despite the armed conflict in parts of the city.

Although the local branch of BSP in Zamboanga City still closed yesterday, BSP Deputy Governor Diwa C. Guinigundo said it could be reopened to supply the needed requirements of the banks. “The BSP is also monitoring that because we also have a branch in Zamboanga. We have been ensuring the banks get regular shipment of currencies,” Guinigundo said. “ The ATMs are also regularly replenished so any disruptions in economic activities will be minimized. We have been doing regular zambo/PAGE 11

FUN AMIDST THE WAR. Children in Zamboanga City, whose families have left their homes to seek safer grounds, still find time to have fun playing skipping rope Tin front of the Sangguaniang Panlungsod building despite the standoff between government law enforcers and the Moro National Liberation Front. mindanews photo by gigi bueno

Rice prices soar in Surigao By ROEL CATOTO, MindaNews

SURIGAO City -- Prices of commercial rice in this city have soared by as much as P10 per kilogram (kg), MindaNews learned Friday. Celestino Negapatan, Department of Trade and Industry (DTI) provincial supervisor, said the Local Price Monitoring Council (LPMC), which is chaired by Mayor Ernesto

Matugas, is set to still conduct a monitoring on the prevailing prices of commercial rice within the month. He also said it is the regional office of the Department of Agriculture that is tasked to monitor rice prices and not the DTI, which prices/PAGE 11

Mindanao Daily NEWS

telephone density and provide the “most extensive access to basic telecommunications services available at affordable rates to the public.” Sotelco ser vice areas include the cities of Malaybalay and Valencia, and the municipalities of sotelco/PAGE 11

Jaraula denies involvement in pork barrel scam FORMER Cagayan de Oro C it y R e p. C onst ant i n o Jaraula on Friday denied any involvement in the “pork barrel” scam while he was in Congress. Former Congressman Constantino Jaraula said he was stunned when his name was included among t h e C on g re s s m e n w h o reportedly benefited some P20 million out of the alleged “pork barrel” scam in Congress. Ja r a u l a v e h e m e n t l y denied any involvement saying he could prove his innocence in court. Jaraula suspected that the pork barrel scam was an orchestrated scheme perpetrated by ambitious politicians who were aiming for the 2016 presidential elections. The NBI charged Jaraula for allegedly misusing his P20.84 million Priority Development Assistance Fund (PDAF). “I never transacted or closed deals with the nongovernment organizations (NGO) under the control of Janet Napoles who has earned the moniker as the “pork barrel queen.” Jaraula said that his PDAF was intact and properly used for various projects when he served as a congressman in the lone district of Cagayan de Oro City from 1998 to 2007. jaruala/PAGE 11

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BusinessWeek Mindanao (September 21-27, 2013) by Mindanao Daily News - Issuu