BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 071
Market Indicators
As of 6:20 pm November 10, 2016 (thursday)
FOREX
PHISIX
US$1 = P48.66
7,181.87
0.8
X X Briefly
cents
62.83 points
10-point agenda DAVAO City – Stakeholders in this year’s Philippine Development Forum (PDF) have drawn up a priority list of action plans geared to put flesh into the goals of the new government’s 10-point socioeconomic agenda to sustain high growth, drastically reduce poverty and create enough job under the Duterte presidency. These action plans include: • instituting tax administration and budget reforms, • using modern technologies to speed up the implementation of projects, • investing heavily in human capital and social protection, and • accelerating spending on agriculture and transport infrastructure, especially in Mindanao
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Solar energy to power San Franz by next year www.businessweekmindanao.com
By CHRIS V. PANGANIBAN, Contributing Editor
S
AN FRANCISCO, Agusan del Sur -- A 10 megawatt solar power plant will be built and expected to be operational in July 2017 within a 15-hectare lot in Bayugan 2 village giving bright economic prospects for the development of renewable energy sources in the province. This came about after a public hearing was held by E n e r g y R e g u l at o r y Commission at the main office of Agusan del Sur Electric Cooperative, Inc.
(ASELCO) here for the joint application of renewable energy service contract by GPower, Inc. and ASELCO. Jose Carlos, Jr., GPower power/PAGE 11
ARMM welcomes investors By Antonio L. Colina IV, MindaNews
River basin THE Cagayan de Oro City Council during its regular session Monday adopted Resolution No. 12486-2016, informing President Rodrigo Duterte, the secretary of the Department of Public Works and Highways (DPWH), Department of Environment and Natural Resources (DENR), Maritime Industry AuthorityManila, and the regional offices of said departments that the city government of Cagayan de Oro is ready to undertake dredging activity at the Cagayan de Oro River so as to remove the sandbars and restore the depth of the river as a deterrent against flooding. This is an offshoot of the special report of Councilor Zaldy Ocon, who expressed concern over the possible increase of current of the CDO River due to the heavy downpour which is continually affecting the city. In his special report, Councilor Ocon said during low tide boulders and sand bars are seen jutting out of the river.
P15.00
Thu-Fri | November 10-11, 2016
THE REASON FOR THE SEASON. As Christmas draws near, decors like this miniature belen are now in demand in this mall in Davao City in this photo taken November 7. The Christmas belen is a reminder of the reason for the season — the birth of Jesus. Mindanews photo
DENR to take over contested lands in Misamis Oriental By MARK FRANSCISCO, Staff Writer
THE Department of Environment and Natural Resources (DENR) in Northern Mindanao would
soon take over the lands being contested by Indigenous Peoples’ (IPs) in Misamis Oriental, an environmental
executive said Thursday. R u t h Ta w a n - t a w a n , DENR regional director, was specifically referring to a controversial vast piece denr/PAGE 11
DAVAO City -- The news about Republican Party candidate Donald Trump’s victory in the US presidential
elections was met with mixed reactions on Tuesday by participants at the 2016 Philippines Development
Forum ((PDF) here in SMX Lanang Premier convention center. trump/PAGE 11
DAVAO City – Acknowledging the role of private sector in growth and development, a top official of the Bangsamoro Development Agency (BDA) said that they welcome investors in the Autonomous Region in Muslim Mindanao
(ARMM). “We would like to welcome any investors, locally or from outside. The real engine of growth is the private sector. The government can only provide the basic investors/PAGE 11
Trumps victory met with mixed reactions from business leaders
Main Store: Prawn House Suites and Restaurant Regatta Square, Pueblo de Oro, Cagayan de Oro City Contact Numbers: 0915-959-4837 (Mobile) & 851-9014 (Landline)
First Branch: Prawn House Seafood’s and Restaurant Opol, Misamis Oriental Contact Number at 0975-381-4929 (Mobile)
AGUTAYAN REEF. Different species of marine life and century-old chorals flourishing along Jasaan’s Agutayan Reef. Photos courtesy of Benjo Allera
Second Branch: Prawn House Seafood’s and Restaurant Centrio - Ayala Mall, CM Recto Avenue, Cagayan de Oro City Contact Numbers at 0917-367-0337 (Mobile) & (088) 323-6225 (Landline)
Third Branch: Prawn House Seafood’s and Restaurant Sayre Highway, Hagkol, Valencia City, Bukidon Contact Number at 0995-672-0181
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776