THE DEPARTMENT of Public Works and Highways (DPWH) expects Northern Mindanao to receive an influx of investments after the completion of more than 800 infrastructure projects worth P18.7 billion early this year.
Feb 222016
Jun 032015
CAGAYAN DE ORO CITY — Businesses in this city, the economic hub of Northern Mindanao, have renewed their efforts to get the Mindanao Railway System (MRS) back on track amid hopes that it will spur economic development outside the capital region.
Nov 252013
MANILA, Philippines – State-run Landbank of the Philippines has reported a 16 percent increase in its loan portfolio to P280 billion in the first nine months of 2013, from P241.9 billion a year earlier. Landbank president and CEO Gilda Pico said most of the loans were granted to priority sectors of the government. Specifically, loans to priority sectors expanded to P221.7 billion, representing 79.2 percent of the bank’s total loan portfolio. The bank’s priority sectors comprise, among others, small farmers and fisherfolks microenterprises and SMEs, agri-aqua related projects of LGUs and GOCCs, socialized to medium cost housing, and utilities. “The consistent growth in our loan portfolio, particularly our loans to our priority sectors, is solid testament of Landbank’s aggressive support to the government’s thrust towards inclusive growth and our relentless commitment to nurture progress in the rural areas,” Pico said. As of end-September, outstanding loans to small farmers and fisherfolks reached P29.6 billion, 15 percent higher than last year. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 From January to September, loan releases to small farmers and fisherfolks amounted to P29.8 billion. The regions with the highest loan releases to small farmers and fisherfolk are Central Luzon with P6.8 billion, Central Visayas with P4.4 billion, followed by Cagayan Valley, Southern Mindanao, and Northern Mindanao with P3.9 billion, P2.7 billion and P2.6 billion, respectively. Loans to microenterprises and SMEs also grew by a hefty 21 percent from P28.7 billion to P34.6 billion while loans to socialized, low-cost and medium-cost housing Read More …
Aug 102013
MANILA, Philippines – The Department of Trade and Industry (DTI) aims to promote growth in Northern Mindanao through increased merchandise exports from that region to the Association of Southeast Asian Nations (ASEAN). In a statement, the DTI said it wants to encourage exporters in the region to increase their merchandise shipments to Southeast Asia by informing them of trade opportunities available there. To encourage greater trade between Northern Mindanao and Southeast Asian countries, the DTI will conduct information sessions focused on the upcoming ASEAN Economic Community (AEC) under the Doing Business in Free Trade Area (DBFTA) program next week in Cagayan de Oro City, Iligan City, and Ozamiz City. The DBFTA is a series of business information sessions to be conducted nationwide to increase exporter awareness of the country’s trade agreements. The information sessions to be held in Northern Mindanao will discuss how businesses there could increase trade with Southeast Asian countries. Through the information sessions, the DTI wants businesses, the academe and other stakeholders in Northern Mindanao “to increase their awareness as well as foster appreciation for the benefits of free trade agreements, and (learn about) how they could avail of these benefits.” Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Among the benefits offered by free trade agreements are preferential tariff rates and harmonized standards. The DTI noted that as of the end of 2012, Northern Mindanao’s merchandise exports amounted to $1.17 billion. The region’s exports include fresh and processed fruits, marine products, beverages, food products, coconut Read More …
Jun 092013
CAGAYAN DE ORO — A belated ?20 minimum wage adjustment has been approved for Northern Mindanao after officials last year deferred action on a proposed wage raise.
May 312013
CAGAYAN DE ORO — A month after the Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP) filed an P88-wage hike petition in Northern Mindanao, an official of the Regional Tripartite Wages and Productivity Board said an adjusted wage rate would soon be implemented in the region.
Feb 212013
MANILA, Philippines – Broadcast giant GMA Network Inc. is spending P75 million to further expand its presence in Northern Mindanao with the establishment of an originating station in Cagayan de Oro. GMA chairman and chief executive officer Felipe L. Gozon said in a statement that the company has so far established three originating stations in just eight months as part of efforts to beef up its presence in the provinces particularly in Mindanao. “We are also exploring the possibility of constructing another TV relay facility to further expand the reach of GMA Northern Mindanao,” Gozon said. He said the company is spending at least P75 million for its GMA Northern Mindanao expansion efforts that covers Cagayan de Oro, Bukidnon, Misamis Oriental and Occidental, Camiguin, parts of Southern Bohol, Lanao del Norte, Lanao del Sur, Compostella Valley, North and South Catabato, Sultan Kudarat, Agusan del Norte and Sur, Surigao del Norte and Sur, Zamboanga del Sur and Zamboanga del Norte The amount covers the investment for GMA Northern Mindanao’s state of the art studio, technical operation center, satellite multi-link microwave system and electronic news gathering equipment. Just last month, GMA completed the conglomeration of three TV relay facilities of its local channels namely: TV-5 Ozamiz, TV-4 Dipolog and TV-3 Pagadian with its Cagayan De Oro originating station enabling the rebroadcast of the Northern Mindanao programs to the areas that are presently reached by the relay stations. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 This brought the coverage of GMA Read More …
Feb 072013
CAGAYAN DE ORO — The regional office of the Department of Tourism (DoT-10) has intensified its drive to promote eco-tourism sites in Northern Mindanao.