Tuesday Jun, 25 2019 12:22:33 AM

Economic News

Unemployment down, underemployment up in Kidapawan City

KIDAPAWAN CITY – The Public Employment and Services Office here said that unemployment rate in the city has gone down to 1.98 percent, this year.

Herminia Infanta, PESO head, told this development to dxND Radyo Bida during the celebration of Labor Day.

Meanwhile, the underemployment rate or the number of people who have jobs but mismatched with their qualifications and educational background has gone up to about 17-19 percent of the total working force in the city.

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Php 1.4 B first investment registered under BOL

COTABATO CITY -- The newly ratified Bangsamoro Organic Law (BOL) is up for a good start after a Php1.4 billion sand and gravel project was approved by the Regional Board of Investments (RBOI) following the registration of JMI Sand andamp Gravel and Truck Services Corporation. This is the very first project approved after the ratification of the BOL this January and perhaps the biggest this year. The BOL provides the legal framework to replace ARMM and establish a new political entity, the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).JMI Corp with business address at Brgy.

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RBOI-ARMM offers fiscal incentives to investments in Camp Abubakar

COTABATO CITY - The Regional Board of Investments (RBOI) has offered fiscal incentives to the planned P8-billion Cavendish banana plantation in the former Camp Abubakar that used to be the headquarters of the Moro Islamic Liberation Front (MILF).Russian investors led by French-Russian Robert Gaspar, accompanied by Agriculture Secretary Emmanuel Piñol, inspected the proposed investment area in Barangay Oring, Buldon, Maguindanao on Monday and identified 5,000 hectares suitable for midland bananas and 2,000 hectares for highland bananas.MILF Central Committee member Edward Guerra and former

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More malls coming to Cotabato, Kidapawan cities

COTABATO CITY -- City Mayor Cynthia Guiani-Sayadi on Friday led the opening of Robinsons appliance store inside Mall of Al Nor in what others described as indications of the booming city's economy and employment opportunities.Meanwhile, Davao City’s Number 1 Retail Company New City Commercial Corporation(NCCC) is coming to Cotabato City!As announced by NCCC Malls president Sharlene Lim during the Urban Land Institute Philippines Forum last week, NCCC malls see Cotabato City as leading investment destination in Central Mindanao.Aside from Cotabato City, NCCC Mall is also eyeingBukidnon and K

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Reforestation drive of ARMM government gaining headway

COTABATO CITY --- The government has reportedly reforested via cross-section initiatives 23,104 hectares of denuded hinterlands in five southern provinces in the past six years.Hadji Kahal Kedtag, regional secretary of the Department of Environment and Natural Resources-Autonomous Region in Muslim Mindanao, said Tuesday the feat is offshoot of the total ban on logging operations in the ARMM that Regional Governor Mujiv Hataman declared in early 2012.

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Displaced workers in Gensan turn entrepreneurs, open restaurant

GEN. SANTOS CITY - For members of Gensan’s Best Waiters Association, losing jobs might not be that hurting as it paved a way for them to venture into new waters when the Department of Labor and Employment (DOLE) Region 12 awarded them with livelihood assistance amounting to P851,929 this year for their resto business in General Santos City.The group now owns a casual-fine dining restaurant and grill house called Kusina Otso which opened last month.The DOLE 12-funded restaurant is situated in the busy streets of Aparente in Barangay City Heights, General Santos City.

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ARMM achieves 100% investment target for 2018

COTABATO CITY - The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) has achieved its 2018 target to register P2.11 billion worth investments after its board in a recent meeting approved the registration of Mina Vida De Mindanao Corporation’s Php 940.5 million nickel mining investment in Languyan, Tawi-Tawi.According to Lawyer Ishak Mastura, chairman and managing head of RBOI, to date the total investments registered by RBOI in 2018 amounts to Php 2.246 billion or reaching 106 percent of the agency’s target, with the bulk of investments in agriculture.T

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Japanese firm eyes fastest internet investment in Maguindanao

COTABATO CITY - A Japanese multinational firm eyes more investment in Mindanao and offered to put up capital to help boost agriculture and marine industry development using sophisticated and fast data communication technologies.Yoshihisa Arai, chief executive officer of Global Trade Ventures, presented a proposal and feasibility study that will make Matanog town in Maguindanao the host of the country’s biggest Japanese investment.Arai forged a deal with Matanog local government, headed by Mayor Mohammad Ali Kits Guro, for the development of Sakurab Kimchi from crops endemic in town.Duri

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Maguindanao upland town, Japanese firm forge joint venture to produce kimchi

MATANOG, Maguindanao – A Japanese investor and the local government here have signed a P5 billion investment for the production of export quality kimchi, (pickles) and expected to provide employment to the locals.Witnessed by Maguindanao Gov. Esmael Toto Mangudadatu, Japanese firm senior consultant Kazuo Sato signed a partnership deal with Mayor Mohammad Ali Kits Guro Sunday.The agreement, under the private-public partnership mechanism, will allow Sato’s Global Trade Company Limited, to develop the local onions prevalent in this upland town into kimchi, a staple in Korean cuisine.

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Maguindanao can be next Dubai due to its gas deposits, official says

PANDAG,
Maguindanao – Investors interested in oil gas exploration have
started coming to Maguindanao and an energy plant will soon rise in the
province, Maguindanao Rep. Zajid Mangudadatu today said.

Mangudadatu
hinted that Chinese and Israeli scientists and inventors are scheduled to visit
Maguindanao.

I am
optimistic with the estimated more than 583 billion barrels of oil beneath the
Liguasan marsh, Maguindanao and the country will become like Dubai,
Mangudadatu said.

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