Economic News

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

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

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

TACURONG CITY -- Fifty members of Tacurong City Balot Vendors Association
will receive P749,000 worth of livelihood assistance from the Department
of Labor and Employment (DOLE) under its Integrated Livelihood and Emergency
Employment Program (DILEEP).

The LGU, through its Public Employment Service Office (PESO),
lobbied for said assistance in 2014. According to Mayor Lina O. Montilla, she
was compelled to take action because she saw the need first-hand.

KIDAPAWAN CITY, April 12 (PNA) -- Consumers must know their rights and work for it because empowering consumers through consumer rights and protection is not the sole responsibility of national government agencies like the Department of Trade and Industry (DTI), Department of Energy (DOE) and other offices but consumers themselves.This was the message of North Cotabato Gov.

KIDAPAWAN CITY -The first unit of the 300-MW thermal plant of AboitizPower subsidiary Therma South, Inc., is expected to synchronize with the Mindanao grid by Holy Week, says a top official. Benjamin Cariaso, president and chief operations officer of Therma South, Inc (TSI), said their customers will start receiving this April power from the 150-MW coal-fired power plant located at Toril district, Davao City. The timing could not have been better as the coming summer months are expected to affect the power output of Mindanao’s hydro power plants.

COTABATO CITY -Due to the increasing interest in the Autonomous Region in Muslim Mindanao (ARMM) and the prospective Bangsamoro political entity by bank and non-bank financial institutions to provide financial services to foreign and local investors in the region, the Regional Board of Investments (RBOI) is studying the grant of fiscal incentives.This forbank and non-bank financial institutions that eyes business operations in the ARMM in order to finance investment projects in the region.

POLLOC PORT, Maguindanao — The ongoing military offensive against a breakaway rebel group in this province does not scare away investors, unlike during the all-out war in nearby Camp Abubakar in 2000, government officials and corporate representatives said in a meeting here Friday.Lawyer Mimbalawag Mangutara Jr., regional port manager, said as the province’s gateway to local and foreign trade investments, the port has entered into new lease agreements this month with companies putting in fresh capital for long-term business ventures.Saying life must go on” despite the conflict, Mangutara a

COTABATO CITY -Investments in the Autonomous Region in Muslim Mindanao remain buoyant despite recent security concerns in certain areas of Maguindanao province, the region’s investment board said Thursday. Two companies based in the island town of Panglima Sugala in Tawi-Tawi – the Tawi-Tawian Petroleum Trading Corporation and Chan C Mining Incorporated – registered a total of P863 million worth of new projects with ARMM’s Regional Board of Investment in the first quarter of this year.

KORONADAL CITY - This bustling city will soon have its modern and state of the art integrated transport public terminal, Mayor Peter Miguel announced.Miguel said construction of the proposed integrated public transport terminal will commence soon after the city government signed a Memorandum of Agreement (MOA) with Land Bank of the Philippines for a P150 million loan Tuesday.Once the procurement process is completed, construction immediately follows, Miguel told DXOM-AM Radyo Bida Koronadal.The new integrated terminal will rise in a six-hectare lot procured by the city government ini Crossi