BusinessWeek Mindanao (January 18-19, 2013 Issue)

Page 1

up to 15% discount on downpayment downpayment-up to 12-24 months to pay balance payable in 10 years @ 10% flat rate

TM

GREEN RESIDENCES IN CdO

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Market Indicators FOREX

PHISIX

US$1 = P40.62

6,047.52 points

40.15 points

X

5 cents

X

Briefly Sin Tax Law

DAVAO del Norte 1st District Representative Anthony del Rosario said Filipinos can expect more healthcare benefits as a result of the enactment into law of Republic Act 10351 or An Act Restructuring the Excise Tax on Alcohol and Tobacco. “Up to 80 percent of the P34 billion increase to the government revenue during the first year of the law’s implementation will be used for health insurance coverage while 20 percent will be for health facilities,” del Rosario said. The law provides that part of the revenues from the new tax reform law will have to be allocated for the tobacco farmers as specified under RA 8240 and RA 7171. The remaining balance will then be spent for NHIP and other medical and health programs.

Lanao road project

ACTINGg Regional Governor Mujiv S. Hataman of the Autonomous Region in Muslim Mindanao (ARMM) on Wednesday signed a multi-million peso infrastructure project for the concreting of roads in Madamba and Bayang sections in Lanao del Sur province. The road project has an approved contract budget of P23, 317,970.27 which would build the roads connecting Ganassi to Tubod and Masiu to Ganassi. The deal estimates to cover at least one kilometer of the national road in the said province. “This is the fourth contract inked with prior deals for vehicle and equipment generated from savings through our Equipment Procurement Program,” Engr. Emil Sadain, secretary of the region’s Department of Public Works and Highways (DPWH).

Friday-Saturday

every Mondays, Wednesdays, & Fridays

January 18-19, 2013

P15.00

Oro Chamber opposes opening of new airport

Issue No. 152, Volume III • As of 5:56 pm jan. 16, 2013 (Wednesday)

Cagayan de Oro City

Now

C

By BONG FABE, Correspondent

ITING air commuters’ safety, the 366-member Cagayan de Oro Chamber of Commerce Foundation, Inc. (Oro Chamber) here has expressed its vehement opposition passed a resolution opposing the much-delayed yet much anticipated opening of the P7.853-billion international standard Laguindingan Airport in Cagayan de Oro City.

This after the Civil Aviation Authority of the Philippines (CAAP) has informed the Regional Development Council-10 that it is planning for a soft commercial opening of the airport this month (January) using Virtual Flight Rule (VFR) because its Air Navigational System and Support Facilities (ANSSF) specifically the electronic instrument landing system (EILS) has yet to be installed.

But the Oro Chamber said CAAP’s plan is “premature and haphazard” and will only “jeopardize passenger safety.” “The absence of the landing system instrument would jeopardize the safety of the passengers and would limit the operational capability of the airport rendering evening flights impossible,” the Oro Chamber resolution said. Even during day time airport/PAGE 7

Cynthia Villar guests in Koronadal’s celebration Former Las Piñas Representative, and Villar Foundation Managing Director Cynthia Villar guests in the culminating program of the 13th Hinugyaw Festival and 73rd Chartered Day of Koronadal City, South Cotabato, January 10. The week-long festival kicked-off, Janu-

ary 4, with the unveiling of the national historical marker and wreath-laying at the shrine of the 17 Koronadeleño martyrs, who were massacred during the Japanese occupation of the area. Installation of the marker at the burial site of the 17 martyrs inside Koronadal Central Elementary School

1 has the sanction of the National Historical Commission of the Philippines. One of the highlights of the celebration is the Korona Festival, a combination street dancing, mardi gras, and parade of crowns, takes on the perspective of sprawling Koronadal City at the villar/PAGE 7

Consortium gets bid to build MisOr airport navigational facilities By BONG D. FABE, Correspondent

THE Department of Transportation and Communication (DOTC) has awarded to a SKY-KR Consortium the contract for the Laguindingan Airport Development Project Air Navigation System and Support Facilities (ANSSF) project worth P411,561,000. The Notice of Award,

dated December 14, 2012 was signed by DOTC USec. Jose Perpetuo M. Lotilla and approved by Sec. Joseph Emilio Aguinaldo Abaya and addressed to SKY-KR Consortium representative Jorgette A. Bellen. Bids documents show bid/PAGE 7

Madam Cynthia Villar receives a token as she attended the Hinugyaw Festival as guest speaker of Koronadal City last January 10, 2013. photo by rich teodoro, region xii bureau

Banana industry seeks help from strong peso DAVAO CITY -- The continued appreciation of the peso is threatening further the country’s banana industry even as it reels from the huge damage from typhoon Pablo on its plantations in

the Davao Region last month. Stephen A. Antig, executive director of the Pilipino Banana Growers and Exporters Association (PBGEA), noted that while the industry appreciates the immediate

response of the government to help the industry recover from the typhoon the soonest time possible, it is still submitting a set of proposals to cushion the impact of a strong peso. The government, he said, could implement a moratorium or extension in the payment of government-related fees, specifically on: * wharfage dues, plant quarantine fees and even an income tax holiday for 2013; * duty-free importation of farm inputs, machineries and equipment; seeks/PAGE 7

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


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.