JULY 9,2012 BUSINESSWEEK MINDANAO

Page 1

RURAL TRANSIT BACHELOR EXPRESS

“First in Service, Foremost in Fleet Maintenance”

BusinessWeek

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www.businessweekmindanao.com Issue No. 88, Volume III • July 9-12, 2012

Editorial: 088-856-3344 • Advertising: 0917-7121424

P15.00

Market Indicators AS OF 5:43 PM JULY 6, 2012

FOREX

PHISIX

;

11 cents

5,352.68

7.30 points

;

US$1 = P41.79

Briefly Hotel guests’ records DAVAO City -- The city government of Davao urged hotels and lodging establishments to provide visitors’ statistics to government so that a real picture of the tourism and hotel industry can be made. Out of 125 hotels and lodging establishments in the city only 52 gave them the data which was asked by the city, said Jason Magnaye, City Investments and Promotions Center chief and current City Tourism officer of Davao City. Speaking before the Club 888 Media Forum at Marco Polo Davao held on July 4, Magnaye said that with incomplete statistics, they cannot provide industry players and potential investors the true picture of the hotel industry. He said that the city is asking establishments to submit their monthly hotel accommodation reports.

Armm law

MARAWI City -- Lawmakers of the Autonomous Region in Muslim Mindanao (ARMM) will effectively waive their powers over the region’s version of “pork barrel,” a privilege of allocating funds for pet projects among members of Congress in the national government. ARMM officer-in-charge Governor Mujiv Hataman met all 24 members of the Regional Legislative Assembly (RLA) last Tuesday when he signed into law the Muslim Mindanao Act 229 or the region’s Public Works Act. Hataman said the law scraps district impact funds (DIP), the uses of which were normally left to full discretion of RLA members, and were said to be a huge source of corruption, just like its national counterpart, the Priority Development Fund to some members of Congress.

By NELSON V. CONSTANTINO, Editor-in-Chief

I

N A BID to spur economic development in Mindanao, the government is allocating roughly P27 billion to pave national roads in the island next year, a Cabinet official said on Friday.

Public Works Secretary Rogelio L. Singson, in a press statement, said his department “will be allocating roughly P27 billion to pave Mindanao’s national roads in 2013,” about P7 billion more than what was allocated for this purpose this year. Asked to confirm if the amount is included in the Executive branch’s proposed P2.006-trillion national budget for next year, Budget Secretary Florencio C. Abad said that it is the “allocation for Mindanao in the 2013 DPWH (Department of Public Works and Highways) Roads and Bridges MANY STILL POOR. Despite pronouncement that the government has successfully lured foreign investors projects.” into the country, thinkthank Ibon Foundation Inc. said the administration failed to create quality jobs for “In the total regional allocation of Filipinos and its efforts to lick poverty continued to be insufficient. PHOTO BY MIO CADE the total budget for 2012, Mindanao got the highest percentage increase. I believe the situation will be the same for 2013,” he added. GOV’T/PAGE 7 TWO years into the Aquino adFurther, Ibon said only the Ibon said. ministration, local think tank Ibon incomes of the rich increased in The lack of quality jobs, low Foundation Inc. said the national the past two years. wages and increasing poverty may government failed to create quality It said the collective wealth of have been caused by the absence jobs for Filipinos and its efforts the 40 richest Filipinos grew by of inclusive economic growth. to lick poverty continued to be $24.6 billion or 108 percent to Ibon said while the country’s insufficient. $47.4 billion in 2012 from $22.8 gross domestic product (GDP) In a statement, Ibon said Presi- billion reported in 2010. in the first quarter increased to dent Aquino’s Daang Matuwid “The perception of economic 6.4 percent, this was mainly due reform agenda has failed to reign in progress is just that and little more. to the temporary increase in economic growth that is inclusive The administration’s governance government consumption. and sustainable. The group said reform agenda has unfortunately After 2011’s lackluster eco- A young Muslim playfully lies on floor as her parents are praying part-time work now accounts for not included an economic reform nomic growth was caused by the inside a mosque. The Muslim world 43 percent of jobs in the economy, agenda of building an economy contraction in government ex- are bracing for the observance of or 16.2 million out of 37.8 mil- biased for directly improving the penditures. the Holy Month of Ramadhan which IBON/PAGE 11 will begin next week. lion employed. lives of the majority of Filipinos,”

‘Daang Matuwid’ fails to create jobs: Ibon

Beside U.C.C.P., C.M. Recto Ave., Nat’l Highway, Cag. de Oro City

Cell No.: 0917-304-6195

AirAsia tops other low cost Ramadhan set to int’l airlines in performance start next week By GERRY L. GORIT, Reporter

By BONG FABE, Correspondent

BACK TO SCHOOL PROMO!

Trained by:

RICKY REYES & DAVID’S SALON Makati City

AIRASIA, named the World’s Best Low-Cost Airline in the annual Airline Survey by Skytrax for three consecutive years, in 2009, 2010, and 2011, added another feather to its harvest

of international accolades by winning Aviation Week’s Top Performing Airlines Report 2012, the leading annual rankings and competitive analysis for the global airline industry. AirAsia emerged with a total 81 AIRLINES/PAGE 11

NATIONAL Commission on Muslim Filipinos regional director Ombra “Ogie” C. Gandamra said the holy month of Ramadhan will begin next week. RAMADHAN/PAGE 11


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