BusinessWeek M I N DA N A O
YOUR MINDANAO-WIDE BUSINESS PAPER
CREDIBLE
Volume XIII, No. 54
www.businessweekmindanao.com
Market Indicators AS OF 6:00 PM OCT 7, 2022 (FRI)
FOREX
X
US$1 = P 58.965
0.10
cents
PHISIX
X
5,853.63
6.26
RELIABLE
points
Briefly Rescued
A TOTAL of 23 individuals, including four minors, who purportedly became victims of human trafficking were rescued by police operatives in Agusan del Nor te on Wednesday night. In a statement Thursday, PNP chief, Gen. Rodolfo Azurin Jr. said members of the PNP Women and Children Protection Center (WCPC) also arrested three suspects during the rescue operation at a resort in Barangay Manapa in Buenavista town at around 7:30 p.m. Based on the reports of WCPC director, Brig. Gen. Arcadio Jamora Jr., Azurin said the entrapment and rescue operation stemmed from infor mation from a c o n c e r n e d c i t i ze n w h o reported the suspects are allegedly offering underaged victims for sex in exchange for money.
Insurgency-free
IN-DEPTH
Fri-Sat | October 14-15, 2022
Oro govt bans political markings on properties T
DETOUR. A motorcycle driver takes a detour near the newly rebuilt Bato Mosque in Marawi City on Tuesday, October 11, as many ruined buildings around the mosque are still off limits. The government rebuilt the mosque after it was destroyed during the five months of fighting between the military and Maute militants in 2017. MindaNews photo by FROILAN GALLARDO
HE local government has ordered a ban on "political branding" on all government properties. In a memorandum order released Tuesday, Mayor Rolando Uy directed all department heads to remove names, images, photos or images of any politician or political parties on all government-owned materials and equipment. The order also prohibits stickers or any identifiable markings of any public officer on the government properties. "Being an advocate of the "Anti Epal Law" introduced by (former) Senator Emmanuel D. Pacquiao... (the undersigned) adheres to an anti-epal Policy in this current administration," Uy said. "Epal" is a slang Filipino word describing people with excessive attentionseeking behavior like placing their names on government projects. Uy also cited the 2021 directive of the Anti-Red Tape Authority for local governments to strike out names and faces on public documents. (PNA)
4ID hailed for advancing peace, dev’t in Normin
DAVA O C i t y – D a v a o Region is now “insurgencyfree” following the series of successful peace and order initiatives that dismantled the remnants of the communist New People’s Army (NPA) in the area. During a meeting at the Naval Felix Apolinario Station here Wednesday, members of the Regional Peace and Order Council– Davao (RPOC-11) signed a resolution declaring the entire region as cleared of insurgents as of Sept. 19, 2022. Davao region is the third region in the country declared as insurgency-free, following Regions 1 and 9.
ARMED Forces of t he Philippines (AFP) chiefof-staff Lt. Gen. Bartolome Vicente Bacarro lauded the Cagayan De Oro-based 4th Infantry Division for their efforts in preserving the peace and ensuring development in their area of jurisdiction. “Joint Task Force (JTF) Diamond (4th Infantr y Division) has optimized its capabilities and managed its resources remarkably in ensuring that all its programs and goals support their primary mandate of securing Northern Mindanao and Caraga Region making
Seized cigars ZAMBOANGA City – Authorities have arrested six suspects and seized some P3.4 million worth of smuggled cigarettes in separate antismuggling operations in this city and nearby Basilan p r ov i n c e, o f f i c i a l s s a i d Tuesday. The bulk of the smuggled cigarettes was seized Sunday in Basilan, which saw the arrest of three of the six suspects in the waters off Hadji Muhtamad town. Col. Richard Verceles, operations chief of the Area Police Command-Western Mindanao, said policemen of the municipality were on seaborne patrol when they spotted two motorboats loaded with 140 master cases of cigarettes worth P1.8 million around 2:45 a.m. near the shore of Barangay Dasalan.
P15.00
them conducive to sustainable development,” Bacarro said in his speech during his visit to the 4th ID headquarters on Wednesday. Bacarro was welcomed by 4th Infantry Division and JTF Diamond commander Maj. Gen. Wilbur Mamawag. Bacarro was given updates on the current status of JTF Diamond’s peace and development programs during a command briefing with unit commanders. The AFP chief a ls o congratulated the "Diamond Troopers" for their gains against the New People's
Army insurgents in the area, as well as inaugurated a vital infrastructure project in the headquarters. He also took the opportunity to reiterate his priority thrusts that shall serve as the military organization’s guide in accomplishing its mandate and advancing its transformation journey. “I convey my pride and appreciation of the remarkable dedication and resolve of our 'Diamond Troopers' in keeping this part of Mindanao safe and paving the way for inclusive progress,” Bacarro said. (PNA)
Ex Sarangani Gov. Dominguez:
‘Truly honored to lead Alsons Dev’ By MindaNews
DAVAO City — Former Sarangani Governor Miguel Rene Alcantara Dominguez has joined the 60-year-old Alsons Development and Investment Corporation (Alsons Dev) as its new director who will oversee the business strategy and operations of the premier property developer and real estate pioneer in Davao City. Alsons Dev is the real estate
arm of the Alcantara Group, one of the largest and most diversified conglomerates in the country comprising more than 20 corporations. “I am truly grateful to have been given this opportunity to lead Alsons Dev. My family has always been steadfast in our commitment to grow and foster the communities where our businesses operate, and LEAD/PAGE 7
MALAMAWI ISLAND. Coming to the island province of Basilan through the port of Isabela City, the visitor is first welcomed by Malamawi Island. It is known for its houses on stilts and its long stretch of white beaches. Photo by JULES L. BENITEZ / MindaNews
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776