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RCBC eyes agriculture for loan portfolio expansion

DAVAO CITY — Rizal Commercial Banking Corp. (RCBC) is looking at providing more loans to the agricultural sector as one of its main strategies in growing its portfolio in Mindanao, its top executive said.

Mindanao farmers issue wish list for crop dev’t

DAVAO CITY -- Mindanao farmers, including agrarian reform beneficiaries (ARB), have put together a list of expected government interventions needed to boost the agricultural sector, highlighting high-value crops.

Davao City councilor to propose ‘no garage, no new car’ policy

COUNCILOR CONRADO C. Baluran, head of the Davao City council committee on transportation and communications, is filing a proposal that will require those who want to buy new vehicles to first show proof of having parking space.

Condominium units in Davao City seen to increase by 45% by...

DAVAO CITY -- The number of condominium units in the city, roughly at around 7,000 as of 2018, is seen to increase by 45% at the end of this year, according to consultancy firm Prime Philippines’ Research and Advisory 2019.

SHFC to finance 50,000 housing units in Davao Oriental

THE DAVAO Oriental provincial government is building about 50,000 housing units in Mati City within the next three years that will be bankrolled by Social Housing Finance Corp. (SHFC).

Davao City planning to regulate vacation home rentals

THE DAVAO city government is planning to issue policy guidelines for the online vacation home-rental industry and will use as possible models similar regulations issued in Singapore and Japan.

P200M DoT fund ready for Mati Airport rehabilitation

DAVAO ORIENTAL Gov. Nelson L. Dayanghirang is preparing to issue an executive order that will establish a body that will facilitate the rehabilitation and reopening of the Mati Airport as part of plans to boost tourism.

Davao City government appeals for lifting of Mindanao-wide martial law declaration

OFFICIALS OF Davao City, the hometown of President Rodrigo R. Duterte, have called for the lifting of the Mindanao-wide martial law declaration, citing its adverse impact on tourism as well as investments.

Cathay Dragon looks to increase HK-Davao flights

DAVAO CITY — Cathay Dragon, which currently serves the Davao-Hong Kong (HK) route four times a week, is looking at an increase to daily flights, noting the good load factor since its launch in October 2018.

Indonesia, PHL to strengthen border security patrols in Davao Oriental

INDONESIA and the Philippines are enhancing their border security cooperation, particularly in areas off the province of Davao Oriental.

SE Asia sub-regional group pushes for bigger local gov’t role in...

DAVAO CITY -- Leaders of the Brunei-Indonesia-Malaysia-Philippines East ASEAN Growth Area (BIMP-EAGA) want more active local government participation in identifying opportunities for investments and closer linkages within the sub-region.

Davao Oriental gov’t sets up task force vs investment scams

THE DAVAO Oriental government has created a body that will run after illegal investment schemes preying on the province’s residents. Gov. Nelson L. Dayanghirang, in a statement, said the Provincial Task Force on Investment Schemes will conduct investigations and possibly file charges against those behind the scams.

Davao City, Tagum positioning to attract more Muslim tourists

THE CITIES of Davao and Tagum are positioning to become the top destinations for Muslim tourists and investors in the Davao Region as Malaysian and Indonesian businesses seek out opportunities.

China plastics packaging firm signs industrial zone lease in Panabo City

A CHINESE plastic packaging company has signed a location agreement with an industrial zone operator in Panabo City, Davao del Norte, the industrial zone’s operator said.

Davao water project to hit peak construction phase in late 2019

DAVAO CITY -- The construction of the P12-billion bulk water project in the city is set to peak in late 2019 with the joint venture implementing it starting to look for more workers.

Davao Gulf shellfish found to be microplastics-free

DAVAO CITY -- The fisheries bureau said a study has found no microplastics in green mussels from the Davao Gulf.

Davao Investment Conference to focus on creating new economic zones

DAVAO CITY -- The city will focus on forming special economic zones during the two-day Davao Investment Conference here starting Thursday.

Police director flags extortion group

THE Police Regional Office has warned the public about an extortion group using the name of Brig. General Marcelo C. Morales, director of the office.

Foreign business leaders boost Mindanao promotion in Davao conference

DAVAO CITY -- Chinese delegations from the cities of Jinjiang and Nanning have arrived in the city more than a week ahead of the Davao Investment Conference 2019 (Davao ICON 2019) slated on June 20 to 21 to look into possible areas of collaboration.

Drug rehab program gets boost

INDIVIDUALS in the Davao Region who have themselves in for drug rehabilitation will soon get help from the Yakap Bayan Framework Intervention whose P57.3-million financial assistance will help them start livelihood activities and capacity building, said Dahlia S. Padillo of the Department of Social Welfare and Development.

Police bust Organico offices in Cebu, Davao

LAW ENFORCERS on Tuesday swooped down on the offices of Organico Agribusiness Ventures Corp., a company that the Securities and Exchange Commission (SEC) has declared to be running an illegal investment operation.

Market value of commercial properties in Davao City up 25%

DAVAO CITY -- The market value of properties in prime commercial locations in the city, particularly at the Bajada-Lanang area near the airport, have gone up by as much as 25% over the last two years, but the number of potential buyers remain robust.

CARD plans education loan under Shari’ah financing project

DAVAO CITY — The Center for Agriculture and Rural Development (CARD) Inc. is looking at including educational loans in its Shari’ah-inspired financing project that has gained traction in Mindanao.

No damage from 2 strong earthquakes off Davao Oriental, PDRRMO reports

THE TWO strong earthquakes that hit off Governor Generoso town last Friday and Saturday did not cause any damage, according to authorities.

InLife targets P1 billion in premiums from Mindanao

DAVAO CITY — Insular Life Assurance Co., Ltd. (InLife) is looking at tripling its first-year premiums in Mindanao by the end of this year to P1 billion from about P333 million in 2018.

Davao City legal office finds flaws in IP council rep’s disqualification

DAVAO CITY’S Legal Office noted flaws in the disqualification process of the indigenous people (IP) representative in the city council, and said the mayor’s office “is abstaining from participating and supporting in the second selection process.”

NCCC partners with TraXion for online credit services to cooperatives, affiliate...

DAVAO CITY — Homegrown conglomerate New City Commercial Center (NCCC) has partnered with blockchain firm TraXion Tech Inc. to provide an online-based credit line to members of cooperatives and affiliate companies, which can be used to shop at NCCC supermarkets and its other retail stores.

Davao Light sees 30% consumption growth by 2023

DAVAO CITY -- Aboitiz-led Davao Light and Power Co. (DLPC) expects a 30% growth in consumption to 546 megawatts (MW) by 2023, from the 421 MW consumed in 2018 in its franchise areas.

Evasco to file failure of election petition in Bohol, accuses proclaimed...

LEONCIO B. Evasco, Jr., who lost his bid for the governor’s seat in Bohol by 2,161 votes based on 100% of election returns transmitted, is filing a petition for a failure of elections declaration in the province as he accused the winning candidate, incumbent Rep. Arthur C. Yap, of massive vote-buying.

Alvarez-led candidates beat Floirendo-Del Rosario bets in Davao del Norte

DAVAO CITY — The hotly-contested province of Davao del Norte has been dominated by candidates under the Partido Demokratiko Pilipino–Lakas ng Bayan (PDP-Laban) headed by reelectionist 1st District Rep. Pantaleon D. Alvarez, defeating the Floirendo-Del Rosario clan under the Hugpong ng Pagbabago (HNP).

DoubleDragon-Alsons to invest P800M in Davao CentralHub project

DAVAO CITY — CentralHub Industry Centers, Inc. (CentralHub), a subsidiary of DoubleDragon Properties Corp., and homegrown Alsons Development and Investment Corp. (Alsons Dev) are investing P800 million for the planned industrial warehouse complex in the city.

Duterte bets dominate Top 12

AN unofficial count as of Monday early evening showed candidates of President Rodrigo R. Duterte’s administration dominating the top 12 slots of the senatorial race, led by reelectionist Senator Cynthia A. Villar.

Amid hotspot tag, martial law, Mindanao voters urged to vote

MINDANAO authorities called on the public to go out and vote as they assured that security forces are in place to maintain peace and order.

MinDA’s Abul Khayr Alonto, 73

DAVAO CITY — Secretary Abul Khayr D. Alonto, the first Muslim to head the Mindanao Development Authority (MinDA), died on the evening of May 9.

Plunder complaint filed vs Alvarez, chief of staff

A COMPLAINT has been filed before the office of the Ombudsman-Mindanao against former House speaker Pantaleon D. Alvarez and his chief of staff, Edwin I. Jubahib, for alleged violation of Republic Act 7080 and Republic Act 3019, the law on plunder and the Anti-Graft and Corrupt Practices Act, respectively.

Davao City allocates P7.8M to assist 22 LGUs hit by El...

THE DAVAO City government is allocating P7.8 million to help 22 local government units (LGUs) heavily affected by the long dry spell.

Limketkai, 72, leaves legacy of his visions in Cagayan de Oro

CAGAYAN DE ORO City tycoon Lorenzo U. Limketkai passed away at age 72 and he will be laid to rest Monday, May 6, in his hometown.

Harley-Davidson opens Davao dealership

DAVAO CITY — More Harley-Davidson motorcycles could soon be hitting Mindanao’s roads with the recent opening of a dealership here, which also offers after-sales service and original merchandise for the American motorcycle brand.

NEDA-Davao calls for expansion of construction labor pool amid slowdown

DAVAO CITY -- A worker shortage slowed the growth of the construction industry in the Davao Region to 18.1% in 2018 from 37.9% the previous year, regional economic planners said, citing Philippine Statistics Authority data.

Marawi weavers need more help to sustain livelihood

WEAVERS FROM Marawi City, which suffered devastation from the five-month armed clashes in 2017 arising from a siege by Islamic State-inspired local extremist groups, were among those who joined a forum in Iligan City last week intended to discuss the revival and sustaining affected businesses in the war-torn city.

Davao City agri office to seek fund for El Niño-affected areas;...

THE DAVAO City administration is unlikely to recommend a state of calamity declaration with less than 20% of the population affected by the prevailing El Niño phenomenon based on the impact assessment submitted by 13 of its 182 barangays.

Japan packaging firm Packwell to set up shop at DLI Davao...

DAVAO CITY -- Packwell Inc., a Japanese company that manufactures paper-based packaging and containers, has signed an agreement to establish operations at the Floirendo-owned Anflo Industrial Estate (AIE) in Panabo City, Davao del Norte.

Davao businessmen off to Fujian on May 8 for trade mission

A 15-MEMBER trade mission will leave for Fujian, China on May 8 to promote the Davao Region as an investment destination and forge ties with Chinese business groups.

Davao municipalities get ₱890 million in PRDP funding

DAVAO CITY -- The Philippine Rural Development Project (PRDP) has approved P890 million worth of projects for several municipalities in Davao del Sur province as well as Davao City, with more than 90% of the funds allocated for farm-to-market roads and.

Bicol tops regions in economic growth

THE ECONOMY of Bicol Region grew the fastest among the 17 Philippine regions in 2018, exceeding the growth rate posted by the capital as well as the national average.