Economic News

COTABATO CITY --- Three big business establishments are set to start business operations in Cotabato City.The Mall ofAl Nor, touted to be as the biggest mall in the city,will have its soft opening on September 18.The department store, grocery and cinemas will be open to the public starting Sept.

At least 150 megawatts of electricity coming from the Aboitiz Power’s coal-fired power plants in Davao City will have its full commercial operations anytime soon, an official said. The plant is operated by the Therma South, Incorporated (TSI), a subsidiary of the Aboitiz Power. Wilfredo Rodolfo III, communications officer of the Aboitiz Power in Mindanao, said they are already wrapping up the testing and commissioning of their first coal plant in Toril district and would be announcing until September 27 its full commercial operations.

KORONADAL CITY - The assessors office of South Cotabato has declared that the total assessed value of real property units in the province has gone up by P12.6 billion this year as compared to previous year.Felix Sadiang-abay, South Cotabato provincial assessor, told a news conference that his office has assess the value of 160,000 real properties in the province from January to June this year.Last year, the number of real properties subjected to assessment by provincial assessor's office was only 156,000 with declared a total of P120 million real property taxes.POlomolok has the highest ass

KIDAPAWAN CITY - Brown out will continue to hound allt he residents of Kidapawan City andNorth Cotabato's second district due to limited power supply the Cotabato Electric Cooperative (Cotelco) is getting from power providers.Vincent Baguio, Cotelco spokesperson, said rotational power outage will continue, affecting residents with one or two hour brownout a day.The reason, Baguio said, was the shutting down of two power plants owned by the Aboitiz Power in Davao region.On August 26, the plant operations ofTherma South Incoporated (TSI) in Davao City.

KORONADAL CITY - South Cotabato is proposing a P1.4 billion annual budgetfor 2016, the provincialbudget officer today said.Luz Fontanilla, provincial budgetofficer, said the proposed annual budget is higher by P1.2 billion as compared to this year's allocation.The funds will be divided into three major components of the provincial government's programs for the coming year.These are the general services, social services and economic sector.Fontanilla said at this point in time it is still uncertain how much each government agency gets since everything is still in the process of preparations.

COTABATO CITY (Aug.15) --- The agriculture department of the Autonomous Region in Muslim Mindanao now boasts of a marang ice cream which economists said can boost prices of a seasonal fruit so cheap due to excessive harvest surplus.The marang fruit (artocarpus odoratissimus) is so abundant in all of the ARMM’s scattered Maguindanao, Lanao del Sur, Basilan, Sulu and Tawi-Tawi provinces.Makmod Mending, Jr., regional secretary of the Department of Agriculture and Fisheries in the autonomous region, on Friday launched the ARMM’s ever marang ice cream, invented by Nilda Longno.Food technicians a

COTABATO CITY -Lawyer Ishak V. Mastura, (c) chairman/managing head of
the Regional Board of Investments in the Autonomous Region in Muslim Mindanao(RBOI-ARMM) pose for a souvenir photo with
the officials of the Bangko Sentral ng Pilipinas (BSP), Juan D. De Zuñiga, Jr. (r)Monetary Board Member and Atty. Thelma C. Pantig, (left) Director of BSP Davao
after accepting the award for Outstanding
Partner for the Report on Regional Economic Development . Mastura saidRBOI-ARMM is
the first agency from ARMM to receive such award in the BSP’s 12 years history of

TACURONG CITY -- For religiously paying business taxes that help the city grow to what it is now, the Tacurong City government has recognized its top three business establishments as Outstanding Business Taxpayers. The awarding ceremonies were held during the today's celebration of Tacurong Day. According to Mayor Lina Montilla of Tacurong City said these business establishments have been religiously paid business tax and other taxes to the city government from 2012 to 2014.

COTABATO CITY -The Autonomous Region in Muslim Mindanao’s (ARMM) investment board will receive an award from the Bangko Sentral ng Pilipinas (BSP) in recognition of the important role of business investment in the Mindanao peace process.The ARMM’s Regional Board of Investments (RBOI) will receive the BSP’s Award for Outstanding Partner for Regional Economic DevelopmentonAugust 11for its contribution to the success of the peace process by actively promoting and facilitating private sector investments in the region.RBOI is the first agency from ARMM to receive such award.

COTABATO CITY - Like any other areas in Mindanao, the Cotabato Light and Power Company (Cotabato Light) is receiving limited supply from the National Grid Corporation of the Philippines (NGCP).Water level of the Agus and Pulangin hydropower plans have been at critical situation, reducing production while the STEAG power firm in Misamis Oriental is scheduled for preventive maintenance.STEAG unit 1 has been undergoing preventive maintenance operations from July 18 to August 16.The Mt.