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Economic News

DTI-ARMM holds activities for 2016 Consumer Welfare Month

COTABATO CITY– The Department of Trade and Industry of the Autonomous Region in Muslim Mindanao (DTI-ARMM) is conducting a series of activities in line with the celebration of the 2016 Consumer Welfare Month (CWM).Atty. Anwar Malang, DTI-ARMM secretary, said the 2016 CWM celebration is aimed at promoting consumer empowerment and cooperation among various stakeholders to ensure that consumers are well educated and protected.

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Fledgling Lanao Sur town pioneers ATM payroll for employees

LANAO DEL SUR --- Local officials in the fledgling Lumbatan town are experimenting on an automated bank payroll system for municipal employees, the first ever to try such from among 39 towns in Lanao del Sur.Gov.

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Polloc Freeport revenues hit P19M as of July 2016

COTABATO CITY- The Polloc Freeport and Ecozone hit a new record high in terms of revenues when it scored a net income of almost P19 million within the first seven months of the year.The figure is 33.5% higher than its total revenues in 2015, which was only at P12.6 million.Eshan Mabang, Polloc port manager, said various inbound and outbound cargoes were shifted to the Polloc Freeport in Parang, Maguindanao because of the improved trust of the different locator companies and investors in the ARMM government.

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Officials see rise of Polloc Port as `Bangsamoro shipping hub’

PARANG, Maguindanao - Officials are rushing to refurbish the Polloc Port in Parang, Maguindanao in anticipation of expansion in shipping activities after the replacement of the Autonomous Region in Muslim Mindanao with a new Bangsamoro political entity.The Polloc Port southwest of Maguindanao is the ARMM’s largest seaport, a major export-import transshipment point for consumer goods, farm products and petroleum supply from abroad.Records obtained from the office of port manager Mimbalawag Mangutara, Jr.

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DTI-12 seizure of substandard consumer goods

COTABATO CITY - Agents of the Department of Trade and Industry on Tuesday destroyed more than P30,000 worth of substandard crash helmets and other merchandise seized from different stores.Mary Anne Morales, a senior staff of DTI’s Region 12 office here, said the goods were confiscated and disposed off as part of the department’s consumer welfare and protection thrusts.Morales, one of the DTI-12 employees involved in the seizure operation, said the substandard products --- crash helmets, electrical switches, receptacles, multiple male and female plugs, and circuit tapping devices --- were fi

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Less brownouts in Cotabato as TSI's coal begins operations

KIDAPAWAN CITY -Power interruptions in North Cotabato could be lessened to less than an hour once the coal-fired power plant owned by AboitizPower in Davao City becomes fully operational this July, an official from Cotabato Electric Cooperative (Cotelco) said. Cotelco general manager Godofredo Homez said the number of megawatts of power the co-op will purchase from AboitizPower’s Therma South, Inc (TSI) is, at any rate, enough to supply the load needed by their more than 110,000 power consumers all over their service areas.

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RBOIand ARMM remains investment destination for local, foreign investors

COTABATO CITY - New investments continue to pour into the Autonomous Region in Muslim Mindanao (ARMM), the core territory of the proposed Bangsamoro political entity. The latest investment to be registered by the Regional Board of Investments (RBOI) is the 5.5 MW additional capacity for the biomass power plant of Lamsan Power Corp. based in Sultan Kudarat, Maguindanao. The investment worth P686.74 million was approved by the RBOI last May 16, 2015 in its board meeting in this city.

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Region 12 indigenous products now on show in Makati City

COTABATO CITY --- The local business community is optimistic the indigenous products from Region 12 now on display at the One Town One Product (OTOP) Store in Makati City will entice traders in Metro Manila to help local producers sell their merchandise abroad.Region 12’s farm products, home decors and wearable goods from different towns, dubbed Treasures of Region 12,” are on display at the OTOP Store until end of May.The showcase includes furniture, processed aquamarine products, the T’nalak fabric from T'boli communities and preserved foods made of organic farm plants.Pete Marquez, a se

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Firms raise concern on the adverse effect of weak BBL on investment in ARMM

COTABATO CITY– Registered firms in the Autonomous Region in Muslim Mindanao (ARMM) have expressed fear that a diluted Bangsamoro Basic Law (BBL) could bring forth a weak ‘autonomy’ and undermine the investment climate in the region, an investment official today said.The group tackled the possible effects of the passage of the BBL to the current investments in the region in a meeting on Tuesday, 12 May, of the Promotion of Investment Sustainability Organization (PISO), a newly created advisory body composed of registered firms in the ARMM and headed by the Regional Board of Investments (RBOI

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Merchants see city seaport project as `economy booster’

COTABATO CITY -- Merchants are certain of an immediate upswing in Central Mindanao’s economy after the completion of an on-going multi-million seaport in the city.Cotabato City, which is inside Maguindanao, a component province of the Autonomous Region in Muslim Mindanao, is the envisioned capital of the proposed Bangsamoro government if the enabling bill for its creation, the draft Bangsamoro Basic Law, is approved by Congress and ratified via a plebiscite in selected areas in the country’s south.The seaport project in the west coast of Cotabato City, facing the Moro Gulf, is a flagship in

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