BusinessWeek Mindanao (February 11-12, 2013 Issue)

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BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Issue No. 162, Volume III •

Market Indicators As of 5:58 pm feb. 8, 2013 (Friday)

FOREX

PHISIX

US$1 = P40.67

6,458.67 points

1.32 points

Briefly

X

4 cents

X

Wage hike in CdO

SOME 3,000 city hall workers would receive the fourth tranche of their salary increase retroactive January 2013 on February 15, City Mayor Vicente Emano said on Friday. Emano said that the fourth tranche was the last in a series of salary increases implemented by the city government in the last two years in compliance with the salary standardization law. The mayor hoped that aside from giving benefit to the employees’ families, the increase would also serve to motivate them to work even more efficiently.

More infra for Zambo

DIPOLOG City -- It was sweet music to the ears of the residents of Zamboanga del Norte as President Aquino assured them that there will be more infrastructure and social projects to be poured in the province under his administration. The President gave t his a s sur an c e o n Tuesday before the officials, faculty, and students of Andres Bonifacio College during the inauguration of the Graduate and Professional School (GPS) building of the Andres Bonifacio College this city. One of the infrastructure projects to be given priority by the Aquino administration is the upgrading of the Dipolog City Airport which is expected to be completed by 2016.

Cagayan de Oro City

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February 11-12, 2013

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More foreign supports expected for M’danao

D

AVAO City -- Mindanao has now been placed in the radar of foreign countries extending Official Development Assistance (ODA) after it hosted the 2013 Philippines Development Forum (PDF) which was attended by development workers and ODA providers.

“This is the beauty of holding the conference here because the ODA partners now get a feel of Mindanao,” Finance Secretary Cesar Purisima said. While the stock of ODA commitments now is the result of processes prior to the Conference, he said, that will definitely change hopefully in favor of Mindanao which was given a special session during the PDF. But it was not just Mindanao which was discussed, he said, since the main agenda was the social contract of

President Benigno S. Aquino III to the people. The Conference included other pressing issues like governance, economy and climate change. “The donor partner financing is very small and is less than five percent,” World Bank Country Director Motoo Konishi said. However, he added, the goal of the ODA is not money but the sharing and transfer of knowledge to the Philippines. As provided under Republic Act 8182 or the ODA Act of 1996, the ODA loan is supports/PAGE 8

Gov’ts urged to invest in making countries resilient to disasters By BONG D. FABE Correspondent

ASIAN and Pacific governments, including the Philippines, and their development partners have been urged to adopt a coordinated approach to disaster resilience especially since disaster losses are increasing more quickly in Asia than in other regions. The Asian Development Bank (ADB), in its 188-page

report Investing in Resilience: Ensuring a Disaster-Resistant Future, urged governments to strengthen disaster resilience. It also encouraged them to offer disaster risk financing instruments such as calamity funds, tax credits and catastrophe bonds. The report, released on January 31, 2013, stressed that risk financing is key to invest/PAGE 10

J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY

Two innocent-looking young kids in Lantapan, Bukidnon seemed unmindful of what the future hold for them. photo by shaun alejandrae yap - uy

Mrs. Hanepbuhay builds 100 pilot centers for livelihood projects A TOTAL of 100 pilot centers have been established in various provinces across the nation in a bid to duplicate the livelihood centers or green social enterprises initiated in Las Pinas City by former Rep. Cynthia Villar. Villar, who has earned the moniker, “Misis Hanep Buhay,” has successfully provided livelihood to over 500 families in Las Pinas. She noted that livelihood projects in Las Pinas were very successful and sustainable up to now. “So I thought I should share these experiences build/PAGE 8

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


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