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Volume III, No. 152
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Six towns in ZamPen get financial help from DTI ‘Bigcas case still pending’ By GERRY LEE GORIT Correspondent
CAGAYAN DE ORO CITY -- The complaint for illegal importation of cars and motorcycles filed by the Bureau of Customs against businessman Allan Bigcas in 2011 is still pending at the Court of Tax Appeals. Atty. Roswald Joseph A. Pague of the customs bureau
in Northern Mindanao said they are waiting for the decision whether the vehicles will be forfeited in favor of the government. Pague said the assorted vehicles are in the custody of the customs police pending resolution of the case. He added that the BOC is represented in the case by
ZAMBOANGA CITY -- The Department of Trade and Industry (DTI) has released P2.7 million to provide a boost to six municipalities in the development and enhancement of their products and services.
See bigcas, page A11
See FULL STORY, page A6
Vehicles imported by businessman Allan Bigcas are put inside container vans at the Mindanao Container Terminal in Tagoloan, Misamis Oriental. The Bureau of Customs seized the vehicles including a Bamboo Bee some three years ago.photo by gerry lee gorit
PHL Chamber undertakes survey on impact of power cost on enterprises, industries By Cheng Ordoñez Business Editor
CAGAYAN DE ORO CITY -- The Philippine Chamber of Commerce and Industry, through the Cagayan de Oro Chamber of Commerce and Industry (Oro Cham,ber) headed by Efren Uy, is conducting a ‘Survey on the Impact of Power Cost on Enterprises and Industries among business enterprises in the region. “In the last four years, the Philippines has been leading economic growth in the ASEAN and even the
Asian region. Even when major economies faced challenging circumstances, the Philippines continued to prosper with growth felt across sectors. Much of this growth was due in large part to the governance reforms upon which the Aquino administration built its promises,” Rhuby R. Conel, manager, Advocacy and Research, Philippine Chamber of Commerce and Industry, said. Conel said in the final half of the current administration, constraints in
infrastructure have been hitting the headline that could potentially reverse whatever growth has been achieved. “The power situation for example, has been undermining the growth of key major industries. As of the latest data from the Department of Energy, the projected power shortage next year can reach up to 600 megawatts (MW) in the first half of 2015 alone. Studies show that a power supply shortage of eight to nine See power, page A11
Veteran banker named new COO of Veterans Bank MANILA, Philippines -- A professional banker with extensive experience in the banking community, Nonilo Cruz, was recently named chief operating officer by Veterans Bank. His more than 30 years of experience in the banking industry and corporate operation with local and multinational commercial banks were well-taken considerations for him
to rise from the ranks to become a senior executive in a foreign bank branch in the Philippines. Now as COO of Veterans Bank, Cruz could strengthen PVB’s operational productivity and performance and ensure the bank’s viability as top producing financial vehicle which can propel the best interest for its clients and See banker, page A11
Cruz
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