Economic News

COTABATO CITY -- Three privately-owned malls are set to open this year in the city and building construction have started, officials said Tuesday.The three malls are the Mall of Alnor, Puregold and CityMall.The Mall of Alnor, Puregold and the Superama Hypermart, a department store and supermarket, are set to open in May this year, according to Aniceto Rasalan, secretary to Mayor Japal Guiani Jr.The City Mall, a Double Dragon Corporation Mall is expected to start operation late this year or early 2016. It has started construction of building along Gov.

KIDAPAWAN CITY – A total of 105 MW of power generated from a coal-fired power plant were restoredto the Mindanao grid after the STEAG State Power, Inc (SPI) has completed Monday the preventive maintenance of its first unit in Misamis Oriental, an SPI official said. Jerome Soldevilla of SPI said they successfully completed as planned and scheduled the preventive maintenance for its electric power generating unit that has a total capacity of 105 MW. Soldevilla, citing SPI Power Plant Manager Dr.

COTABATO CITY -- Several foreign groups of companies are expected to pour in investments to Cotabato City this year, officials said Monday. A group of Malaysian investors have already finished putting up a water distilling plant with its equipment needed will be delivered anytime soon. According to Secretary to the Mayor Aniceto Rasalan, the objective of the Malaysian investors in building the plant in the city is to set an affordable price of the distilled drinking water that will surely compete with the commercial brands that are available in the city.

TACURONG CITY -- The local government of Tacurong City on Thursday announced it earned a record Php9.4 million during the first 30 days of 2015 in business registration, licensing and renewal of business permits, officials said.Through its prestigious and determined campaign dubbed as Business One-Stop Shop or BOSS, the month-long campaign earned Php9,467,852.11 from 1,179 business establishments.Tacurong City Mayor Lina Montilla said the feat was achieved due to the extra efforts of the Tacurong City Treasurer's Office and the business sectors in the city.

COTABATO CITY -- The recent incident in Mamasapano in Maguindanao failed to weaken the enthusiasm of investors over prospectsof pouring money in the Autonomous Region in Muslim Mindanao.Two projects with a combined value of P863.05 million are now up for final approval, the ARMM Regional Board of Investments (RBOI) announced today after the go signal issued by the board's management committee (Mancom).The two projects have been cleared of technical and procedural hurdles, said RBOI.

TACURONG CITY – Tax and
non-tax collection in this bustling city was at its best in 2014, the city
treasurer’s office today said.

In a statement, City
Treasurer Jessie Batchar announced that the city’s tax and non-tax collection
efficiency in fiscal year 2014 reached a whopping 106.4 percent.

Batchar said the CTO actual
collection amounted to Php82.9 million in 2014, greater than the target
collection of P77.9 million.

MANILA -- The Philippine economy is expected to expand 5.7 percent to 6.5 percent this year on the back of the robust growth of manufacturing and construction sectors. The manufacturing is growing 10 percent per year, another one is government picking up its output. Construction is growing nine percent,” said Dr.

TACURONG CITYI -Members of the Rural Improvement Club (RIC) of Tacurong City
received equipment and tools amounting to more than P800,000 for the club'smeat/food processing livelihood project under the SharedService
Facility (SSF) Project of the Department of Trade and Industry (DTI). The
project, funded by the DTI, was realized through the help of the Office for
Agriculture Services and other stakeholders in the city government. DTI OIC
Provincial Director Felisa Sinobago turned over the facilities to the RIC

COTABATO CITY - The Cotabato City Treasurer's Office today reminded businessmen and establishment owners on the renewal of business permits and licenses.Renewal of business licenses is scheduled to end on January 20.

KORONADAL CITY - To help businessmen in the renewal and application of business permits, the city government here established a business one-stop-shop. Cyrus Urbano, Koronadal City administrator, said all government agencies involved in business renewal and licensing are now housed at the city hall lobby to facilitate smooth flow of documents, saving the clients' time, money and effort.