BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 066
Market Indicators
As of 6:21 pm october 28, 2016 (friday)
FOREX
PHISIX
US$1 = P48.485
7,404.80
3.0
X Briefly
cents
40.34
X
points
Caraga’s GRDP
YOUR Mindanao-wide BUSINESS paper
RELIABLE
IN-DEPTH
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Lower electricity rates for Mindanao possible www.businessweekmindanao.com
Monday | October 31, 2016
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PROSPERIDAD, Agusan del Sur -- The Department of Trade and Industry (DTI) is targeting to increase the Gross Regional Domestic Product (GRDP) in Caraga Region in the next five years. Brielgo Pagaran, DTI Caraga regional director, said the economic development goal is part of the department’s major thrust dubbed as “DTICaraga 2021.” Pagaran said much effort has to be done considering that Caraga Region is not even half-way as of the present in the GRDP with only 91 percent gain against the supposed to be 200 percent target.
By MIKE BAÑOS, Editor-at-Large
LECTRICITY rates for residential households in Mindanao can be reduced by as much as P2.25 per kilowatt hour if the output of the Agus-Pulangi hydroelectric power complex is exclusively allocated for residential consumers. “Upon unbundling of the PSALM charges for generation (MCPC will work on this
in 2017), the rates for the hydro will be reduced to the lower/PAGE 11
New labor policy LABOR and Employment Secretary Silvestre H. Bello III has said that the Department will formulate a policy on employment contractualization based on the proposals of the employers and labor groups before the end of 2016. “We will come up with a policy or guideline that will be enforced by the Department b e fore the ye a r e n d s . W e will decide whether we will end contractualization, allow contractualization, or come up with a balance of the two positions,” Bello said after the High Level Dialogue between representatives from employers and labor groups held at the OSEC Conference Room, DOLE Building in Intramuros, Manila. Bello added that the Department is also studying the proposed “Win-Win Structure” which was submitted by the Department of Trade and Industry (DTI) and supported by various employers’ groups.
Homes like this one in Lubilan, Naawan, Misamis Oriental can enjoy the benefits of cheap electricity if Mindanao’s hydropower plants were exclusively used for households.
Japan still top source of ODA: Duterte By ANTONIO L. COLINA IV, MindaNews
DAVAO City – Japan will strengthen her support to the Philippines’ goal of attaining inclusive growth and sustainable development through the Official Development Assistance,
President Rodrigo R. Duterte said Thursday. Duterte, in his arrival speech at the F. Bangoy International Airport, said that Japan remains as the countr y’s top donor for
ODA that funds high-impact projects in both urban and rural areas of the country. “Japan is our number one ODA partner and under JICA (Japan International Cooperation Agency, highimpact projects benefiting source/PAGE 11
Japan to back peace, devt in Mindanao By ANTONIO L. COLINA IV, MindaNews
DAVAO City – The Japanese government has vowed to support the Philippines’ peace and development efforts in Mindanao, President Rodrigo R. Duterte said on Thursday
evening. Duterte, however, did not give details how Japan would help in the government’s peace efforts in his arrival message at the F. Bangoy
International Airport. “I sought and received Japan’s continued support for the peace and development agenda in Mindanao, as we move a step forward towards the goal of just and peace/PAGE 11
MOST OUTSTANDING MICRO ENTREPRENEUR. Cagayan de Oro’s top furniture-maker Abrillo Furniture bagged this year’s prestigious award as Most Outstanding Micro Entrepreneur during the 5th Mindanao Business Leaders & Entrepreneurs Awards 2016 held on October 22, 2016 at Limketkai Luxe Hotel, Cagayan de Oro City. Abrillo Furniture was cited for its continued innovation, commitment for growth and for being compliant to its corporate social responsibility. Entrepreneur Henry Abrillo personally received the award given annually by BusinessWeek Mindanao Group of Publications. With its main showroom at Tiano St. in Cagayan de Oro City, Abrillo Furniture branched out at SM Davao City, SM City Cagayan de Oro, and SM Cebu City. (Joe Palabao)
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