BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 062
Market Indicators
As of 6:10 pm october 21, 2016 (friday)
FOREX
PHISIX
US$1 = P48.10
7,650.22
6
X Briefly
cents
63.10
X
points
Price monitoring With the imposition of a price freeze, the Department of Trade and Industry (DTI) Camiguin enforcement team intensifies price monitoring and enforcement of Fair Trade Laws (FTLS) among business establishments. This is to ensure that the goods covered are sold at prevailing prices and checked on the price and supply situation of goods in various areas in the province. In view of Proclamation No. 55 issued on September 4, 2016 declaring a state of national emergency on account of lawless violence, the DTI Provincial Office has imposed a 60-day Price Freeze on basic necessities and prime commodities. Pursuant to Section 6 of Republic Act No. 7581, The Price Act, as amended, prices of basic necessities are automatically frozen at their prevailing prices or place under automatic price control.
YOUR Mindanao-wide BUSINESS paper
RELIABLE
IN-DEPTH
DOE pushes solar power for small businesses www.businessweekmindanao.com
T
By MARK FRANCISCO, Staff Writer
HE Department of Energy (DOE) has announced that it will provide technical assistance to all micro, small and medium enterprises (MSMEs) who are willing to use solar energy in their respective businesses. Speaking during the 5th Mindanao Businessweek Leaders and Entrepreneurs Awards last Saturday in
Cagayan de Oro City, Energy Undersecretary L. Ardon said the DOE plan is hoped to materialize in 2017.
“It is part of President Duterte’s priorities. We are prioritizing MSMEs,” Mr. Ardon said even as he revealed that the program will start in Mindanao and will move on to Visayas and Luzon. It’s part of the government’s decentralization aim,” Ardon said. Under the scheme, MSMEs which intend to use solar energies in their respective solar/PAGE 7
CORRECTION. President Rodrigo Duterte clarifies his statements on US relations upon arrival shortly before midnight on Friday at the Davao International Airport, Davao City, from a state visit in China.Mindanews Photo
Brunei visit to boost PHL’s Halal industry
‘Color blind’ THE Department of Social Welfare and Development Secretary (DSWD) assured on Sunday that it will be “color blind” when it comes to helping the needy and the poor as instructed by President Rodrigo R. Duterte. “We must help all Filipinos who come to us for help -– regardless of their political affiliations or persuasions. The relief goods we distribute come from taxpayers -– we have to give them to those in need as soon as possible,” said DSWD Secretary Judy M. Taguiwalo. In line with this, she assured that they will work hard to give out the emergency shelter assistance (ESA) that calamity-affected families are entitled to.
P15.00
Monday | October 24, 2016
DAVAO City -- President Rodrigo Duterte’s recent visit to Brunei Darussalam will benefit the emerging Halal industry in the country, particularly in Mindanao. GIANT CHRISTMAS TREE. Workers install lights on a giant Christmas tree outside a mall in Bajada, Davao City on Thursday, October 20, 2016. (Mindanews Photo)
Hiscom to break ground for new museum building By MIKE BAÑOS, Editor-at-Large
T H E C a g ay a n d e O ro Historical and Cultural Commission will be holding a two-day event this week to mark the formal launching of a decade of celebration for the
4th Centennial of the city’s founding as a settlement. “Forum Kagay-anon 390 is a 10-year program that will usher in the fourth centennial of the founding of the city’s
original settlement in the Barangay 1 area,” said Dr. Erlinda M. Burton, Hiscom chair. “We are inviting our s t a k e h o l d e r- v o lu nt e e r s to actively participate in these events, as well as our Hiscom/PAGE 7
On his arrival speech at the Davao City International Airport on Friday evening, the President said his state visit to Brunei and to the Halal/PAGE 7
Banana industry review threatens investment: DAR By CARMELITO Q. FRANCISCO, Correspondent
DAVAO City -- Banana planters said a review being conducted by the Department of Agrarian Reform (DAR) of Agribusiness Venture Agreements (AVAs) signed by agrarian reform beneficiaries will scare away potential
investors who may want to fund the beneficiaries’ growing operations. In a statement, the industry said stalled investment could hamper the growth of one of the country’s top agricultural DAR/PAGE 7
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776