TM
GREEN
RESIDENCES
I N
CdO
Live as you’ve never lived before, at Primavera Residences. Elegant and contemporary Italian design Reduced energy consumption Self-production of renewable energy Mixed-used building, parking, commercial and residentials Green inner courtyard and first-class amenities Luxury condos and affordable units Special terms of payments, loan personalization and high (ROI) returns of investments for investors
BusinessWeek MINDANAO
YOUR LOCAL ONLINE BUSINESS PAPER
www.businessweekmindanao.com
Issue No. 144, Volume III •
Cagayan de Oro City
Friday-Saturday
Now every Mondays, Wednesdays, & Fridays
December 28-29, 2012
P15.00
Market Indicators
As of 5:56 pm dec. 26, 2012 (Wednesday)
FOREX
PHISIX
US$1 = P41.16
5,832.83 points
9 cents
X
8.89 points
X
Briefly Calamity loan
PAG-IBIG Fund Cagayan de Oro City Branch is now offering calamity loans to members who were affected by typhoon Pablo. Juliano S. Banghal, Department Manager III, said members who are currently employed may already apply for the calamity loan once they have submit their duly accomplished Pag-IBIG Fund Calamity Loan application form and the documentary requirements to their company’s respective Fund Coordinators (FCs) or Human Resource Officers (HROs) or Authorized Representatives. These documentary requirements include Declaration of Being Affected By Calamity, duly signed by the Head of Office or the Authorized Representative of the Company/Agency, photocopy of 2 valid Identification Cards, duly authenticated by the by the Head of Office or the Authorized Representative of the company/agency and Certificate of Net Take Home Pay, duly signed by the Head of Office or the Authorized Representative of the company/agency.
Livelihood projects
MARAWI City -- The caretaker government of the Autonomous Region in Muslim Mindanao (ARMM) continues to work towards lifting the economic status of its constituents through the implementation of livelihood projects and other poverty-alleviation programs, ARMM Officer-in-Charge Mujiv Hataman said. During his first State of the Region’s Address (SORA) on Tuesday he cited the “Fish for Peace” program of the Bureau of Fisheries and Aquatic Resources (BFAR) where 5.52 million species of tilapia fingerlings and 679,000 pieces of carp fingerlings were distributed to 2,698 beneficiaries throughout the region. He said the BFAR was able to provide gillnets, hook and lines, fishpots, motorized and non-motorized bancas, and fish corals to 10,101 fishermen and 105 fishermanassociations under program.
T
By ALLAN MEDIANTE, Executive Editor
HE Securities and Exchange Commission (SEC) has warned the public of another potential Aman Futures investment scam that preys on domestic helpers.
SEASON OF PLENTY: Festivals and Christmas celebrations are also seasons of plenty among the less privileged as street children earns bucks from trashes scattered all over. photo courtesy of mio cade
In a notice published on its website, the regulator said it received reports that a group of persons, company or firm operating in the provinces of Cagayan and Ilocos Norte, in Camiguin Island and in Cagayan de Oro City is offering securities and investment opportunities to the public, particularly domestic helpers, promising them a monthly income of P900 for every P100 investment. “The public should not invest their money in such fraudulent or suspicious
transactions because the promise of earning a very high income which is too good to be true is false or an investment scam,” the SEC said. Last August, the SEC issued a similar warning against Aman Futures Philippine Inc, a company operating in Pagadian City that promised a “double your money” investment scheme. Aman Futures had duped 15,000 people in a P12-billion pyramiding scam. Earlier, the regulator had scam/PAGE 7
By BWM News Bureau
Tropical Storm Sendong. In a thanksgiving party for the media held last week at the COWD Social Hall, COWD General Manager Rachel M. Beja said the water district would have to shell out P157,211,708 to rehabilitate the damaged production facilities and cowd/PAGE 7
COWD wont pass on to consumers costs of Sendong damage HERE’S good news for consumers in Cagayan de Oro City. The Cagayan de Oro City Water District does not plan to pass on to its concessionaires the cost of damages inflicted on its infrastructure by typhoon Pablo and
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776