Economic News

MAGUINDANAO -- Unemployed Moro rebels the government is helping reintegrate into mainstream society stand to benefit from the centuries-old Inaul fabric industry benefactors are now trying to keep alive.Peace activists and traders on Friday urged provincial officials overseeing the on-going February 9-14 first ever Maguindanao Inaul Festival to involve local Moro forces in reviving the traditional craft.The colorful Inaul cloth hit the news when it was featured by designers in a Mindanao-themed Miss Universe fashion show in Davao City in January.Sandra Siang, president of the Kutawato Mus

COTABATO CITY – The Department of Agriculture (DA)
has donated stainless tables for fish vendors in Cotabato City mega market, administrator
Sam Mundas said in a statement.

Mundas, city market administrator, said the
stainless tables were released to the city government through the Bureau of
Fisheries and Aquatic Resources (BFAR) and through the efforts of DA Undersecretary
Atty. Ranibai Dilangalen.

Cotabato City Mayor Cynthia Guiani-Sayadi welcomed
the donation during simple turnover rites at the Cotabato City Peoples’
Palace.

KIDAPAWAN CITY -- Giant business establishments are set to sprout in the city within the year to offer more opportunities to locals,Mayor Joseph Evangelista in a press briefing on Tuesday.Evangelista said construction of several establishments will start in the first quarter of 2017 including some nationally known iconic companies involved in the operation of mall chains, fast food, car dealerships, convenience stores, and hardware.

COTABATO CITY -- Investment officials of the autonomous Region in Muslim Mindanao (ARMM) are preparing business investment standards and protocols for the Bangsamoro specific investments.Lawyer Ishak Mastura, ARMM Regional Board of Investments (RBOI) chairperson, said ARMM is embarking on a Project Brokering Business Investments in the Bangsamoro to achieve Inclusive Development and Growth (BRIDGe)aimed at developing aBangsamoro-specific business investment standards and protocols that will empower both the communities and businesses to engage into sustainable business enterprises.

COTABATO CITY
– Power consumers in Cotabato City and nearby municipalities are assured of
ample and reliable power supply with quality services after Cotabato Light and
Power Company (CLPC) successfully passed the Philippine Distribution Code
Compliance Assessment recently conducted by the Distribution Management
Committee (DMC), officials said today.

MANILA - Bayan Muna Rep. Carlos Isagani Zarate today said that the proposed taxes floated by the Department of Finance (DOF) and some members of Congress will only become added burden to Filipino consumers, particularly the poor, and should be opposed.Among the revenue measures recently floated by the DOF and some members of Congress are the excise taxes on oil products, taxes on vanity products, electronics, sugar, salt and even on the drug Viagra.

COTABATO CITY -- The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) welcomed the recent news that the Harnessing Agribusiness Opportunities through Robust and Vibrant Entrepreneurship Supportive of Peaceful Transformation (HARVEST) project hurdled the Investment Coordination Committee (ICC) of the National Economic Development Authority.HARVEST is supposed to be a lending facility for agribusiness and agribusiness-related investors in the ARMM to be managed by the Land Bank. For the HARVEST, we’ve gone through with the ICC Cabinet.

BASILAN --- Security officials are certain the completion of the P150 million worth seaport in the capital of this island province will hasten the restoration of normalcy in conflict-stricken communities.Chief Supt.

COTABATO CITY - The Regional Board of Investments (RBOI) –Autonomous Region in Muslim Mindanao (ARMM) still managed to hit by 235% its investment target of 900 million for the year. This happened despite uncertainties in 2016 brought about by the synchronized national and local elections and the rise in armed violence by criminal and insurgent gangs in the region and some parts of Mindanao. In a statement made by lawyer Ishak V.

COTABATO CITY — The Board of Investments (BOI), the industry development and investments promotion arm of the Department of Trade andamp Industry (DTI), together with theDTI and Regional Board of Investments in the Autonomous Region in Muslim Mindanao (RBOI ARMM), is capacitating the region’s various industry players, businesses, local government units and government agencies, and concerned stakeholders in a regional conference in crafting their localized version of national industry roadmaps to achieve further growth and competitiveness.