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Power crisis hinders Mindanao’s growth
Issue No. 158, Volume III •
Market Indicators
As of 5:54 pm Jan. 28, 2013 (Monday)
FOREX
PHISIX
US$1 = P40.59
6,435.9 points
X X Briefly 10 cents
117 points
Armm investments DAVAO City -- Mujiv S. Hataman, acting governor of the Autonomous Region in Muslim Mindanao, has called on the island’s traders to invest in his region, noting its business climate has improved significantly. “Your investment is not just for the profit, but also as help in attaining peace in the country,” Mr. Hataman said during the Mindanao Development Forum held at this city’s Marco Polo Hotel on Friday. To lure investors, he also assured them that his governance will ensure that investments are protected. Mr. Hataman said new private sector projects have to start now and investors must not wait for final agreement between the National Government and the Moro Islamic Liberation Front to be signed.
Cagayan de Oro City
Wednesday-Thursday
February 6-7, 2013
P15.00
By ANN MARIE MAGSAYO Staff Member
T
HE National Economic Development Authority on Monday said the continued power problem in Mindanao is one of the “most binding constraints” to the region’s development.
NEDA Director General Arsenio Balisacan specifically pointed out during the Philippine Development Forum (PDF) in Davao City on Monday that power outages are affecting business operations and other activities in the region, making it an unattractive investment destination. power/PAGE 7
Abad: Economic spotlight turns to Mindanao
CBAs signed
KORONADAL City -- Labor Secretary Rosalinda Dimapilis- Baldoz wel comed the signing of a new collective bargaining agreement (CBA) between the management of CocaCola Bottlers Philippines, Inc.- General Santos City and its union, the General Santos Coca-Cola Plant Free Workers Union-Tupas, without any need for DOLE intervention. Citing a report of National Conciliation and Mediation Board Executive Director Reynaldo Ubaldo, Baldoz said this is the first time for Coca-Cola Bottlers Philippines, Inc. to conclude a CBA after only six negotiation meetings. “This is an indication that when workers and management work together in an atmosphere of trust and with the general welfare of workers and interest of company sustainability and competitiveness in mind, nothing is impossible,” Baldoz said.
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FAILED TEST. Testing a PCOS machine at the City Central School in Cagayan de Oro did not go perfectly as the Smart signal went static on Saturday morning. Leading the Comelec officials in demonstrating how to use the machine are Commissioner Grace Padaca (right) and Assistant Regional Director Dolette Cuevas-Banzon (behind Padaca). photo by gerry lee gorit
Rural Mindanao program to be replicated nationwide By CARMELITO Q. FRANCISCO Correspondent
DAVAO City -- The National Government and the World Bank are looking at success stories under the Mindanao Rural Development Program (MRDP) for replication in a similar nationwide program. Arnel V. de Mesa, MRDP
BUDGET and Management Secretary Florencio B. Abad confirmed that the development of Mindanao continues to be a priority for the Aquino administration, especially in view of the Bangsamoro peace framework and turns/PAGE 7
deputy program director, said the two agencies have started an assessment, with a team visiting towns in North Cotabato for a closer look at the program’s projects. The planned national program would be patterned after the MRDP and would program/PAGE 7
J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY
BOODLE FIGHT. M isis Hanepbuhay Cynthia Vi l la r joins Laguna Fi rst Dist r ict Rep. Dan Fe rnandez and othe r local of f icials of San Ped ro, Laguna in a boodle f ight du ring he r recent visit in the p rovince. a dv e r t o r i a l
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