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Volume VIII, No. 62
Market Indicators
As of 6:00 pm October 30, 2017 (monday)
FOREX
PHISIX
US$1 = P51.686
8,365.26
11
X X Briefly
cents
69.31 points
Assistance for IDPs AT least 30 families who were affected by the conflict in Marawi City now seeking shelter in Iligan received aid from the Department of Trade and Industry (DTI) to help them start a small business to sustain their needs as they wait to return to their respective homes. As part of Task Force Bangon Marawi (TFBM), DTI, together with other government agencies comprising the subcommittee on business and livelihood (SC-BL), will assist affected Marawi residents start small businesses and earn while fast-tracking the rehabilitation process of the war-torn city. At least P5,000 worth of groceries were distributed per family, who are staying at evacuation centers, which they can sell in evacuation centers or nearby areas.
Camiguin boom MAMBAJAO, Camiguin – This province is poised t o become o ne of th e Association of Southeast Asian Nations’ (Asean) most sought-after tourist and event destinations as two local hotel chains are expanding their business here. This was according to Gov. Maria Luis Romualdo, who identified the Cagayan de Oro hotel chains as Limketkai and Mallberry. Limketkai will construct its own hotel in Barangay Tupsan Pequeño, Mahinog town, while Mallberry will expand its existing hospitality business in Barangay Bonbon in the municipality of Catarman, Gov. Romualdo said. (J. JERUSALEM)
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DOE pushes rehab work on Marawi power infras www.businessweekmindanao.com
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Wednesday | November 1, 2017
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By MYRNA M. VELASCO, Contributor
ITH the war-torn Marawi City in the government’s major focus now, the Department of Energy (DOE) has also jumped in to announce its planned rehabilitation of power infrastructure facilities in the area.
LOOMING WATER CRISIS. Water tankers could be the only source of water in the COWD west service area if its bulk water supplier shuts down. photo courtesy of the cdo volunteer fire brigade
Rio Verde says shutdown possible due to unsustainable operations By MIKE BAÑOS, Editor-at-Large
UNLESS the Cagayan de Oro City Water District implements the proper pricing, Cagayan de Oro’s sole bulk water supplier warned
over the weekend that they may be forced to shut down its operations. On Thursday last week, Rio Verde Water Consortium, Inc.
The rehabilitation process, the department said, will be rooted on the archetype of “energy resiliency,” although the specific assets to be repaired or replaced with new ones have yet to be identified. No specific rehabilitation cost on power infrastructure projects had also been set out, but it is worth noting that the Lanao de Sur Electric Cooeprative (LASURECO) which is servicing the area, has already been heavily-
indebted to the tune of more than P10 billion. The DOE is also crafting its ‘energy resiliency policy’, but what is missing still is the department’s real drive, not just lip service, to enforce that in the industry. In Marawi’s case, Energy Secretary Alfonso G. Cusi said, “the policy will help guide the massive restoration and rehabilitation efforts of energy facilities.” power/PAGE 11
(Rio Verde) served a notice to COWD declaring it was increasing the selling price of its bulk water to the utility from P10.45 to P16.35 per cubic meter of treated water. shutdown/PAGE 11
Senior high studes immerse into Agusan Sur rich cultural heritage By CHRIS V. PANGANIBAN, Contributing Editor and DANNAH RUFALYN M BUQUIR, Correspondent
PROSPERIDAD, Agusan del Sur – Senior high school students immersed themselves in the province’s rich `cultural
heritage during a one-day historical symposium at the provincial museum- Sugwak Tu Agusan recently hosted
by the Provincial Tourism Office. The museum situated at the ground floor of the Datu Lipus Makapandong Cultural Center is the province’s forst immerse/PAGE 11
NATURES’ BEAUTY. Creating history together, beauty queens June Cyra Pineda and Mary-ann Pomoy join in the Camping and Trekking Adventure – the first Bai Naliyagan and Sabuyakan to conquer Mt. Magdiwata. photo courtesy of janus louise panganiban
Mainstreaming BIMP-EAGA among LGUs: a problem waiting to be addressed By WALTER I. BALANE, MindaNews
(First of a Series) MALAYBALAY City — In a corner at the local crafts store, 38-year old Marj Libanda, father of two, strings beads into a headdress to meet a local order. He has been at this for a couple of weeks even as some say this is not a man’s job. Libanda used to be a security
guard for a poultry farm and had earlier worked as farm laborer, vendor and construction worker. In the handicrafts store of Perla Rubio, an exporter of fashion accessories, Libanda earns an average of 200 pesos a day based on the number of pieces he finishes. A friend has enticed
him to work in a construction project where the pay is higher but there is no vacancy for now. Back in Manalog, an upland village here, neighbors earn a living as farmers of abaca and weavers of its textile product. His mother is among the village’s long time weavers. But they are experiencing a slowdown of production of due to a number of problems, including diseases problem/PAGE 11
WEAVER. Marj Libanda, strings beads into a headdress in the store of an exporter of handicrafts made of abaca and other indigenous materials in Malaybalay City, Bukidnon. mindanews photo by walter i . balane
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