BusinessWeek M I N DA N A O CREDIBLE
Volume XIV, No. 153
YOUR MINDANAO-WIDE BUSINESS PAPER
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IN-DEPTH
Fri-Sat | June 9-10, 2023
P15.00
Data key to integrated Briefly water security framework
Market Indicators
AS OF 6:00 PM JUNE 6, 2023 (TUE)
FOREX
X
US$1 = P 56.24
0.35
cents
PHISIX
X
6,521.64
9.63
points
Emergency loans
ACTIVE members and pensioners from nine power crisis-affected Occidental Mindoro towns and those affected by flash floods and landslides in Agusan Del Sur can now avail of emergency loan from Government Service Insurance System (GSIS). GSIS President and General Manager Wick Veloso on Thursday said a total of 17,010 active members and 1,563 old-age and disability pensioners working or residing in the municipalities of San Jose, Magsaysay, Calintaan, Rizal, Sablayan, Santa Cruz, Mamburao, Paluan and Abra de Ilog, as well as in Prosperidad may apply for the emergency loan until June 21. “Having the financial means to provide for basic needs amidst a natural disaster is important," he said, saying that the state pension fund is readying over P437.5 million for this purpose.
Maharlika fund THE bill seeking to establish the Maharlika Investment Fund (MIF) is now awaiting the signature of President Ferdinand R. Marcos Jr. This comes after the House of Representatives formally adopted the Senate's version of the MIF bill during the plenary session on Wednesday night. Earlier in the day, House committee on banks and financial intermediaries chair Irwin Tieng said the House contingent to the bicameral conference committee agreed to accept the provisions under Senate Bill 2020.
By Mike Baños
A
Dr Rachel M Beja, Water Securtity Advisor, USAID Safe Water
Agusan mine workers to Postwar veterans, AFP retirees can now get P40 daily pay hike become stockholders of Veterans Bank By CHRIS V. PANGANIBAN
ROSARIO, Agusan del Sur (MindaNews / 08 June) – Workers of a gold mining company here will receive a P40 across-the-board daily wage hike starting next month, after the management and the labor union sealed their Collective Bargaining Agreement (CBA) on Wednesday. The Philsaga Mining Corp.
(PMC), which employs at 2,050 regular workers, will pay minimum wage earners P390 daily effective July. Currently, the minimum daily wage rate in the Caraga region is P350. In the presence of regional officials from the Department of Labor and Employment and the National Conciliation and Mediation Board (NCMB) as witnesses, lawyer Raul AGUSAN/PAGE 7
$176M fishery fund THE World Bank on Wednesday approved a $176 million fisheries and coastal resiliency project. In a statement, the World Bank said the Philippine Fisheries and Coastal Resiliency Project (FISHCORE) seeks to improve fisheries management, enhance the value of fisheries production, and elevate incomes in selected coastal communities. The project is expected to benefit more than 1.5 million fisher folk, small-to-medium businesses, and residents in coastal communities.
water security advisor of the USAID Safe Water Project in the Philippines has advised water stakeholders in Northern Mindanao that updating key water related data is crucial to the successful formulation of an integrated, inclusive water security framework. U S A I D S a f e Wa t e r Advisor Dr. Rachel M. Beja, stressed this key point in her presentation “Provincial Integrated Water Security Plan Formulation Rudiments” rendered during the Northern Mindanao Integrated Water Security Summit held May WATER/PAGE 7
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 The management and labor union of Philsaga Mining operations of the premier Corp. seal their Collective Bargaining Agreement property developer and real in the presence of government representatives on estate pioneer in Davao City. Wednesday, June 2023. MindaNews photo by Alsons Dev is 07 the real estate CHRIS V. PANGANIBAN
THE Philippine Veterans Bank, in its new Charter, after the passage of Republic Act 11597, or the Philippine Ve te r ans B an k Ac t , of December 2021, has allowed other veterans (Postwar veterans and AFP retirees)
to become its stockholders. Veterans Bank which is now known as a private bank was then owned exclusively by over 385,000 World War II veterans and their compulsory heirs. Ownership of Veterans
Bank has been extended to post-war II veterans, AFP Retirees and their families. in its effort to raise more capital. The new shareholders includes Korean and Vietnam POSTWAR/PAGE 7
Building smart cities through 5G technologies, PPPs TAIPEI, Taiwan – The coronavirus disease 2019 (Covid-19) pandemic has highlighted the need for smart cities to leverage 5G technologies to improve public services, health, safety and sustainability due to its
effect on the public’s mobility. From improving city management through e-governance, boosting business opportunities using artificial intelligence (AI) and the cloud, as well as helping create safer public spaces
through smart cameras and police cars, smart cities are now a reality for many firstworld countries and a model to emulate for developing nations. However, harnessing such SMART/PAGE 7
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