BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 070
Market Indicators
As of 6:20 pm November 8, 2016 (tuesday)
FOREX
PHISIX
US$1 = P48.626
7,307.80
X
8.1 cents
X
110.61 points
Briefly Catanico Spring SUPPORTING ways to boost the tourism industry in Cagayan de Oro, the 18th City Council during its regular session on Monday is slated to act on the proposed ordinance authorizing the city mayor to sign a Memorandum of Agreement (MOA) with the Tourism Infrastructure and Enterprise Zone Authority (TIEZA) for the development of the F.S. Catanico Spring Resort Project located in Barangay F.S. Catanico. TIEZA is an agency attached to the Department of Tourism (DOT), which is tasked to designate, regulate and supervise the Tourism Enterprise Zone (TEZ) as provided for by Republic Act 9593 or the Tourism Act of 2009. Under the proposed MOA, TIEZA shall conduct a public bidding for the implementation of the project and supervise its development.
Peace and dev’t DAVAO City -- Finance Secretary Sonny Dominguez confirmed the P6.4Billion-soft loan granted by the Japanese government to the Philippines. He told reporters that the Philippines will also acquire in form of loans boats for the Philippine Coast to be used in running after illegal fishing and to ensure the safety of the country’s borders. “We signed P6.4-Billion-soft loan, where the interest is very low that is forty years to pay,” Dominguez said. He said there are 12 coast guard vessels all in all, with measurements ranging from 45 meters to 90 meters.
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Wednesday | November 9, 2016
By Philippine News Agency
AVAO City -- Finance Secretary Carlos Dominguez III said the Duterte administration is fully committed to advancing a mix of policy reforms, management innovations, and the optimal use of information technology for it to stage nothing short of a “cultural revolution” to make government agencies responsive to the needs of the people and businesses. cultural/PAGE 11
Lumads in seek DENR-10 help over land dispute By GERRY LEE GORIT, Reporter
CLOSE to a hundred members of the Higaonon tribe in Misamis Oriental trooped to the regional office Department of Environment and Natural Resources-10 (DENR-10) in Cagayan de
Oro to ask help over the land which they claimed have been taken away from them. The Higaonon peasants f rom Lu g ait , C l ave r i a , Kinoguitan and Gingoog lumads/PAGE 11
SHALLOW WATERS. A boatman negotiates the shallow waters off Barangay Talisay in the municipality of Hinatuan in Surigao del Sur to ferry picnickers into a swimming area with a sandbar farther from the shore. MindaNews photo by Bobby Timonera
Seal of Good Governance winners bared By MARK D. FRANCISCO, Staff Writer
THE Department of Interior and Local Government (DILG) has recently announced the winners for the coveted 2016 Seal of
Good Governance. The following are the local government units from Northern Mindanao which won the award: the
provinces of Camiguin, Lanao del Norte and Misamis Occidental; the cities of Valencia and Oroquieta; and the municipalities of Dangcagan, Impasug-ong, bared/PAGE 11
THE country’s economic managers are aiming for the eradication of hunger and poverty within one generation, with the Philippines becoming a
prosperous, predominantly middle-class society by 2040. This was disclosed by Finance Secretar y C arlos D ominguez III, Socioeconomic Planning
Secretary Ernesto Pernia, and Presidential Adviser on the Peace Process Jesus Dureza at the plenary session on Tuesday of the 2016 society/PAGE 11
PHL eyes middle-class society by 2040 CABLE GUY. A utility worker installs internet cable along McArthur Highway, Matina, Davao City. MindaNews photo by Toto Lozano
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