BUSINESSWEEK MINDANAO AUGUST 20,2012

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Briefly Permit processing

DAVAO City -- Twenty seven local governments in this region are cutting processes for business permit application, the Department of Trade and Industry (DTI) said in a recent statement. Sarry L. Kinoc Jr., the DTI regional office’s person in charge of the program, said in the statement that participating local governments shorten application period to five to 10 days, requiring no more than five steps and a maximum of two signatories, before they are deemed “compliant”. DTI noted the cumbersome process of renewing permits was “the primary reason for enterprises to remain in the underground economy and evade taxes.”

Trade policy hub

GENERAL Santos City -- Business stakeholders will launch here next week the Mindanao Trade Policy Center (MTPC) in a bid to further push the business sector’s agenda in helping shape the economic growth in the southern Philippines. MeAnne Lunasco, project officer of the Philippine Chamber of Commerce and Industry-Mindanao (PCCI-Mindanao), said the center’s launching next Friday would be the highlight of the forum on the ASEAN Regional Integration, which is expected to materialize in 2015. “The MTPC will serve as the policy center for Mindanao business chambers. It will facilitate the advocacy programs that the Mindanao chambers are channeling to the government for possible intervention,” she said.

By IRENE DOMINGO, Reporter

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USINESS and political leaders in Mindanao welcomed the signing of Executive Order No. 81 by President Benigno Aquino III creating the Mindanao Power Monitoring Committee (MPMC).

The Mindanao Business Council (MinBC) said the creation of the committee will make way for the review of policies and processes to accelerate private investments for additional generating capacities to the Mindanao grid. “This is a welcome development and we expect greater collaboration between the government and the Mindanao business sector in addressing the Mindanao power situation,” said Vicente Lao, MinBC and Mindanao Electric Power STILL HOMELESS. The remaining evacuees temporarily housed at the Misamis Oriental Provincial Capitol Alliance (MEPA) chair. Grounds are now asking for permanent relocation site to start their lives anew. PHOTO BY GERRY L . GORIT LEADERS/PAGE 10

Investment in oil industry reaches P38.91B in 2011 By RUTCHIE C. AGUHOB Contributor

OZAMIZ City – A total investment of P38.91 billion have been poured into the country’s downstream oil industry (DOI), as of December 2011. These investments came from a total of 1,194 players in the industry, Dr. Zenaida

A. Monsada, Director of the Oil Management Bureau, Department of Energy (OMB-DOE) said, during a recent multi-sectoral advocacy campaign on the DOI, held in the city. In terms of amount, P14.99 billion or 38.52 percent came from the liquid bulk fuel bunkering, followed by P9.26 billion or

23.80 percent, from the fuel retail marketing. About P7.38 billion or 18.97 percent, came from the liquefied petroleum gas (LPG) bulk marketing, P4.67 billion or 12 percent, from terminalling and P2.61 billion or 6.71 percent, from bunkering, Monsada said. In terms of the number OIL/PAGE 10

POOREST TOWN. The mountain town of Siayan, Zamboanga del Norte is the country’s poorest with its 79.9 percent poverty incidence index.

Mindanao has most number of poor towns DESPITE pronounced efforts by the government in making life easier for Mindanao, the fact remains that the island is still home to the coun-

try’s many poor municipalities. In a report released by National Statistical Coordination Board (NSCB) on 2009 City and Municipal Level Poverty Estimates, it revealed that 17 of the 20 poorest municipaliTOWNS/PAGE 10


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