Business Week Mindanao (Dec 21-22, 2012)

Page 1

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Market Indicators FOREX

PHISIX

US$1 = P41.04

5,752.39 points

UNCHANGED

115.80 points

X

Briefly P1.8-B tax collection

ALL the revenue collection programs of the Bureau of Internal Revenue (BIR) in Region 10 are paying off, the National Economic and Development Authority (NEDA) said Thursday. Data gathered by NEDA reveal that BIR had collected P1.8 billion in the third quarter of 2012, up by 24 percent from the P1.4 billion collected in the same period in 2011. Receipt from income taxes, which contributed about 65 percent of the total tax revenues, posted the highest growth of 26 percent reaching P1.175 billion. All other tax types also recorded double-digit collection increases.

Friday-Saturday

every Mondays, Wednesdays, & Fridays

P15.00

P-Noy signs P2-trillion nat’l budget for 2013

Issue No. 141, Volume III • As of 5:49 pm dec. 19, 2012 (Wednesday)

Cagayan de Oro City

Now

December 21-22, 2012

P

RESIDENT Benigno S. Aquino III led the ceremonial signing of the P2.006-trillion 2013 General Appropriations Act (GAA) in ceremonies held in Malacanang on Wednesday.

Dubbed t he Empowerment Budget, the 2013 GAA was signed into law by President Aquino at the Rizal Ceremonial Hall of Malacanang Palace. The 2013 National Budget aims to give the Filipinos more opportunities for gov-

ernance engagement by investing in strategic programs and projects that spotlight the citizens’ role as economic movers. Next year’s national budget is P2.006 trillion, about 10.5 percent higher than budget/PAGE 7

Aqua-culture

THE aquaculture industry in Northern Mindanao continues to grow, registering a five percent growth in the third quarter of 2012. Aquaculture production, which accounts for 53 percent of the total fishery production of the region, grew from 21,191 metric tons in last year’s third quarter to 22,184 metric tons in the same quarter this year. Brackish water was the major contributor to the industry posting 11,353 metric tons or 51 percent, followed by seaweeds with 45 percent or 10,024 metric tons.

Destruction

Governor Rodolfo del Rosario has sought the aid of the national government agencies with the destruction of Typhoon “Pablo” in his province now pegged at P7.643 billion. “The damage brought about by the typhoon is now estimated at P7.5 billion for crops and P143 million in infrastructures,” Del Rosario said. He said up to 15,000 hectares of farmland mostly banana-planted areas have been destroyed by the floods brought by the super typhoon.

P2.O6-TRILLION BUDGET. President Benigno S. Aquino III signs into law Republic Act 10352, the P2.006-trillion General Appropriations Act (GAA) for Fiscal Year 2013, in a ceremony held in Malacañang on Wednesday.

Research agenda set for N. Mindanao By MIKE BAÑOS, Correspondent

ACADEME-based research will play a major role in the updating of the Medium Term Regional Development

Plan for Northern Mindanao, the National Economic and Development Authority Region 10 (NEDA-10) said. FOUR STUDIES During the 2012 Research

Utilization Forum on Regional Development Studies held on Dec. 12, the academic community presented four studies for consideration. agenda/PAGE 7

OUTDOOR LIFESTYLE. Executives of Primer Group of Companies grace the opening of Recreational Outdoor Exchange (R.O.X) outlet at the Ayala Centrio Mall in Cagayan de Oro City. photo by bong fabe

R.O.X store promotes outdoor lifestyle in CdO By BONG FABE, Correspondent

lifestyle in this eco-tourism hub of Northern Mindanao THE Primer Group of Com- with the opening of its flagpanies (Primer) is helping ship outdoor superstore, promote the healthy outdoor store/PAGE 7

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


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Business Week Mindanao (Dec 21-22, 2012) by Mindanao Daily News - Issuu