Tuesday Jun, 15 2021 06:25:35 AM

Economic News

Confiscated substandard merchandise destroyed in GenSan

GENERAL SANTOS CITY - Personnel of the trade department destroyed on Wednesday a ton of seized substandard electrical supplies and other cheap appliances unsafe for public use.In a statement Thursday, the Department of Trade and Industry in Region 12 said the merchandise, recovered in recent operations in General Santos City and nearby areas, were disposed in a landfill in Sinawal area here.The operation was witnessed by representatives from various agencies and local consumer rights welfare blocs, initiated in the presence of officials of the Commission on Audit.The disposal of the substan


New 69-KV transmission line energized in North Cotabato

ANTIPAS, Cotabato -- Officials of the Cotabato Electric Cooperative (Cotelco) energized on Wednesday another 69-kilovolt transmission line located in Antipas, North Cotabato.


DTI-ARMM launches ‘e-Presyo’ holds training on trade regulation and consumer protection

COTABATO CITY – The Department of Trade and Industry of the Autonomous Region in Muslim Mindanao (DTI-ARMM) is conducting a two-day training and workshop on trade regulation and consumer protection for its employeesonJune 26-27.Through this activity, the department expects to enhance the technical know-how of its employees, including those in the provincial offices, on the latest policies and laws on trade and industry.One of the highlights during the opening dayon Tuesdaywas the launching and orientation on the ARMMe-Presyo.


Kidapawan mayor seeks authority to enter into P140 million equipment loan

KIDAPAWAN CITY – Kidapawan City Mayor Joseph Evangelista has sought authority from the legislative department to allow him to enter into a loan agreement worth P140 million, which he explained was intended to purchase at least 15 units of heavy equipment for road repair and rehabilitation, garbage collection, and maintenance of sanitary landfill.


Strong agriculture sector at the root of ARMM’s growing economy

COTABATO CITY -- Whilethe growth rate of the Philippines’ gross domestic product slowed at the national level, the Autonomous Region in Muslim Mindanao (ARMM) has shown an accelerated growth rate pegged at 7.3 percent in 2017, a significant leap from the 0.4 percent gross regional domestic product (GRDP) growth rate it registered in 2016.


Mayor Guiani-Sayadiand Aviation school proof of economic growth

COTABATO CITY-- The mayor here regarded the entry of an aviation school as an indication of the city’s growth.Mayor Frances Cynthia Guiani-Sayadi met on Tuesday with executives of Aviation Technical School of Cotabato (ATSC) and regarded such development as proof of local economic growth.The ATSC is the first and only aviation school in Central Mindanao that includes this city, the provinces of Maguindanao, North Cotabato, Sultan Kudarat and in the Autonomous Region in Muslim Mindanao (ARMM).Guiani-Sayadi was very upbeat upon learning about the progress of aviation school, which has produce


ARMM conducts Investment Promotion Forum for the Bangsamoro

COTABATO CITY -- The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) conducted an Investment Promotion Forum for the Bangsamoro on Wednesday in this city.Representatives from the different ARMM line agencies as well as representatives from business establishments in the region gathered to tackle the different ways on how to promote investments in Bangsamoro areas.Atty. Ishak V.


RBOI-ARMM approves P290-M Agri project

COTABATO CITY -- The Regional Board of Investments, Autonomous Region in Muslim Mindanao (RBOI-ARMM) approved the registration of a Php290 million cavendish banana plantation project owned and managed by EKASALAM AgriVenturesCorporation located in Kauran, Ampatuan, Maguindanao.RBOI chair and managing head, lawyer Ishak Mastura, said that for the first time in the history of RBOI, the project registered is initiated by one hundred percent Filipino investors residing in the locality who managedto link with the international banana market particularly Bahrainand other middle east countries.Ac


Security sector supports colossal Maguindanao business outsourcing project

MAGUINDANAO --- Sectors addressing misguided Islamic militancy see brighter days ahead with the planned employment soon of clerics fluent in Arabic by an emerging call center in Maguindanao.Maguindanao province, a component area of the Autonomous Region in Muslim Mindanao, has 36 towns where there are Islamic schools propagating Muslim-Christian solidarity, but now misconstrued as espousing militancy and instigating animosity towards the government.A Maguindanaon Army official, Col.


Country’s first ever BPO to cater Arab nations rising in Maguindanao

Maguindanao – One year from now, Maguidnanao will have its own call
center that will cater to Arab nations, Maguindanao Gov. Esmael Toto
Mangudadatu today said.

This after he
inaugurated the P200 million worth of mixed used building that will rise here and will house the business processing and outsourcing center for Maguidanao, a
first in the Autonomous Region in Muslim Mindanao (ARMM).



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Mag 5.9 quake jolts mainland Mindanao, 7 aftershocks recorded

COTABATO CITY - An intensity 5.9 earthquake rocks mainland Mindanao Monday night with its epicenter found in Bukidnon, the state volcanology...

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After days of silence, Magpet mayor admits he is COVID-19 positive

KIDAPAWAN CITY - Mayor Florenito Gonzaga today admitted he was positive for COVID-19, days after he was not seen at the mayor's office and rumored to...

8 Abu wanted Abu Sayyaf members arrested in Jolo 

COTABATO CITY --- A combined military-police team arrested eight wanted Abu Sayyaf members, one of them a minor, in an operation in Jolo town in...