Volume II, No. 022
web portal: www.businessweekmindanao.com
Tuesday
June 18, 2013
P10.00
Mindanao Daily Your Mindanao-wide Community Newspaper
Your Mindanao-wide Community Newspaper
Outgoing Misamis Oriental Governor Oscar Moreno, now Cagayan de Oro mayor-elect, delivers his speech during the second quarterly meeting of the influential Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (OroChamber) held at the Marco Polo Hotel in Cagayan de Oro City on June 14. Mindanao Daily photo by Arjay S. Felicilda
Moreno gets backing of Oro business group MGB: Mining firm’s tailings dam that cracked ‘stabilized’ By Roel Catoto
TUBOD, Surigao del Norte (MindaNews) — An official of the Mines and Geosciences Bureau (MGB)-Caraga said the tailings dam of a
mining firm operating in Barangay Siana in this town has been stabilized following a crack to mitigate possible environmental risks. Rene Gonzales, mining See dam, page 11
UCPB Savings bank expands network By CHRISTINE H. CABIASA
CAGAYAN DE ORO CITY - The United Coconut Planters Bank (UCPB) Savings Bank, the retail arm of UCPB has opened its 3rd branch network in Market City, Agora Lapasan, this city on June 14. Joseph C. Justiniano, UCPB President said that since Cagayan de Oro is pivotal to growth and development of UCPB Savings Bank in Mindanao, he decided to open the new branch. According to Justiniano, UCPB Savings Bank has
By CHRISTINE CABIASA, Staff writer
CAGAYAN de Oro City––The influential Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (OroChamber) on Friday vowed to support the administration of Mayor Oscar Moreno.
registered a 585 net income for the first quarter this year. “It is ahead of its projections During its second quar- Efren T. Uy said his group on deposits, loans, and net terly meeting on June 14 will strongly support the income after tax. Its past due at the Marco Polo Hotel, plans and programs of the ratio stood at 2.7%, better See GROUP, page 11 OroChamber President than the industry’s 5.7%”, Justiniano added. Also, Tomas C. Cloa Jr., VP Branch Banking Division Head said that according to their deposit profile, Cagayan de Oro City is the By Froilan Gallardo of MindaNews biggest deposit contributor in the region which is 40Laguindingan, Misamis Oriental––Twenty 50% of the total. “UCPB is nine passenger planes took off and landed at the new the only bank also which is Laguindingan Airport on Saturday but passengers accredited by the Departcomplained of traffic jam and the presence of barkers ment of Education (DepEd) soliciting passengers for taxi rides.
Traffic jams greet airport passengers
See ucpb, page 11
See traffic, page 11
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