Business Archives - Metro Cagayan de Oro

Consumers can petition ERC to Review Power Supply Contracts of distribution utilities

Group urges consumers to act vs increasing power rates

Power consumers from Northern Mindanao can do something about the rising cost of electricity in the region.

A consumer group has advised organized consumer and business groups to officially petition the Energy Regulatory Commission (ERC) to review the power supply contracts of electric cooperatives and private distribution utilities with coal fired power plants.… Continue reading... “Consumers can petition ERC to Review Power Supply Contracts of distribution utilities”

Cagayan de Oro, Region X has highest power rates in Mindanao

Average Power Rate in CDO up 71.6% since 2016

It is ironic that despite demand for electricity heading south, power rates in Region X are heading north.

A recent update on the power situation in Mindanao has revealed that Cagayan de Oro and Northern Mindanao now has the highest power rates in the whole island.… Continue reading... “Cagayan de Oro, Region X has highest power rates in Mindanao”

DA-10, LGU to compensate affected hog raisers in Iligan City

ILIGAN CITY —– The Department of Agriculture Regional Field Office 10 (DA-RFO-10) assured on Wednesday, November 18, that hog raisers in Iligan City whose will be culled because of the African Swine Fever (ASF) will be compensated.

Iligan City’s Lechon Industry is expected to take a hit following the discovery of African Swine Flu infected hogs in the city recently.

Region X has highest per capita GRDP in Mindanao for 2019

The growth rate for Northern Mindanao regional economy may have slackened to 5.9 percent in 2019 compared to 7.1 percent in 2018, but it still attained the highest per capita for the period among Mindanao’s six regions.

During the 2019 Economic Performance of Northern Mindanao Dissemination Forum held virtually on November 20 via zoom and FB Live, the Philippine Statistics Authority Regional Statistical Services Office for Region X (PSA RSSO-X) said per capita GRDP in Region X increased by 4.5 percent to P175,373 in 2019.… Continue reading... “Region X has highest per capita GRDP in Mindanao for 2019”

Region X Economy Expands at a Slower Rate by 5.9% in 2019

The economy of Region X grew by 5.9 percent in 2019, slower compared to the 7.1 percent growth recorded in 2018.

The main drivers for growth in 2019 were Wholesale and retail trade, repair of motor vehicles and motorcycles (contribution of 1.9 percentage points), Construction (contribution of 0.7 percentage point), and Education with a contribution of 0.6 percentage point.… Continue reading... “Region X Economy Expands at a Slower Rate by 5.9% in 2019”

Aboitiz businesses optimistic of sustained strategic growth amid pandemic challenges

Amid the ongoing challenges posed by the Coronavirus Disease 2019 (COVID-19) pandemic, the various business units of the Aboitiz Group expect to maintain their momentum and proceed with their projects and plans for the year.

“Despite the headwinds of the first nine months, the Aboitiz Group’s business continuity plans have proven effective and will remain in place as we continue to exhibit resilience in our operations toward the end of the year,” said Sabin M.… Continue reading... “Aboitiz businesses optimistic of sustained strategic growth amid pandemic challenges”

Smart releases free-to-download storytelling, gardening, and disaster preparedness videos for teachers’ virtual classes needs

To help ensure continuous learning in education’s new normal, PLDT wireless unit Smart Communications, Inc. (Smart) has released video resources suitable for teachers’ virtual classes needs, all aligned with the Most Essential Learning Competencies (MELC) of the Department of Education (DepEd).

Supplementary teaching materials include the LearnSmart e-Storytelling series, Maging Laging Handa disaster-readiness videos, and the gardening web series Kalye Mabunga.… Continue reading... “Smart releases free-to-download storytelling, gardening, and disaster preparedness videos for teachers’ virtual classes needs”

USAID, Plan International release MRP business grants for Marawi, Lanao Sur youth

ILIGAN CITY —– The United States Agency International Development (USAID) and Plan International released on Thursday (October 29), business recovery grants to two Muslim youth groups in Lanao del Sur and Marawi City, as part of the Philippine Coffee Month celebration.

The turn-over of the P260,000 livelihood package is part of the Marawi Response Project (MRP) that started during the Marawi siege in 2017.… Continue reading... “USAID, Plan International release MRP business grants for Marawi, Lanao Sur youth”

Around 12,000 workers in Iligan affected by the pandemic : business group

ILIGAN CITY —– The Chamber of Commerce and Industry Foundation of Iligan, Inc. (CCIFII) said on Thursday that around 12,000 workers lost their job when their respective companies were closed due to the coronavirus pandemic.

Some of these have closed permanently while others are just temporarily closing. but with no timeline as to when they will reopen, according to Reggie Punongbayan, CCIFII president.… Continue reading... “Around 12,000 workers in Iligan affected by the pandemic : business group”

Iligan Chamber launches monthly online forum

ILIGAN CITY —– The Chamber of Commerce and Industry Foundation of Iligan, Inc. (CCIFII) launched Thursday (October 29) an online forum that aims to provide guidance to the local business community in the cities of Iligan and Marawi and the provinces of Lanao del Norte and Lanao del Sur.

Dubbed “Kapehan sa Iligan Chamber”, the event will be conducted monthly in cooperation with the Philippine Information Agency (PIA) Iligan, the United States Agency for International Development (USAID), Plan International through the Marawi Response Project, the Department of Trade and Industry (DTI) and the city government of Iligan.… Continue reading... “Iligan Chamber launches monthly online forum”