LGUs urged: Lure investors to manufacturing business

BOARD of Investments (BOI) Governor Oliver Butalid urged local government units (LGUs) on Thursday to entice investors to venture into manufacturing to achieve the country's goal of inclusive economic growth.

Butalid, head of the government's promotions investments agency, said the manufacturing sector is already left behind, with aged non-graduate and non-skilled individuals unemployed.

Coop summit to focus on entrepreneurship

ENTREPRENEURSHIP is the focus in this year's 11th National Cooperative Summit, Elsie Remonte, summit's national coordinator, told Sun.Star Cagayan de Oro on Friday.

Remonte said successful cooperatives are becoming wealthy because of the continuous growing number of its members yet most of the latter has yet to experience being at the top as entrepreneurs.

11th national coop summit set October 10

THE Philippine Cooperative Center (PCC) in partnership with the Cooperative Development Authority (CDA) will hold the 11th National Cooperative Summit on October 10 to 12, 2012 at the Atrium of LimKetKai Center in Cagayan de Oro City.

Edwin Pelosas, cooperative development specialist of the CDA in Northern Mindanao region, said around 4,000 to 5,000 cooperative leaders from all over the country are expected to attend the gathering. Cagayan de Oro’s top performing cooperatives are the hosts of this grand event, the second time to be held in the city back in 2002.

Oil review committee shocks transport group

THE local National Confederation of Transport Union (NCTU) in Northern Mindanao region was shocked of the recent decision of the Independent Oil Price Review Committee (IOPRC) absolving oil companies from overpricing accusations.

Joel Gabatan, NCTU’s regional coordinator, said the transport sector leaders are threatening another large street demonstration nationwide to express dismay over the “questionable decision of the review committee” and to pressure the independent body to do another investigation.

Chamber: Achieving inclusive growth demands productivity

THE Cagayan de Oro Chamber of Commerce and Industry Foundation Inc. (OroChamber) said productivity is the key to achieve inclusive growth in every locality.

Ma. Teresa Alegrio, OroChamber president, said individual businesses in Cagayan de Oro must look at how to improve their productivity as economic growth depends on how fast the labor force can produce certain products.

Chamber position on airport terminal fee hike endorsed

THE Cagayan de Oro Chamber of Commerce and Industry Foundation’s (OroChamber) position opposing the proposed increase of terminal fees in Northern Mindanao airports is now at the office of the Civil Aviation Authority of the Philippines (CAAP) after it was being endorsed by the Department of Transportation and Communication (DOTC) for appropriate reply by the Aviation department.

SMEs to hit high sales at Oro SM trade fair

A SEVEN-DAY trade fair at the Entrance 3 of SM City Cagayan de Oro is expected to hit high sales for small and medium enterprises (SMEs) in Northern Mindanao region, the Department of Trade and Industry (DTI) said over the weekend.

Korean restaurant gibuksan sa CdeO

KINSA ang nangita sa pagkaon sa "Seoul?"

Suroy na sa bag-ong bukas nga Kogi Restaurant human ang foreign menu item mohatag ug lamian nga pagkaon ug magdala kanimo ngadto sa nasod sa Korea.

Energy department open to biz group’s call

THE Department of Energy (DOE) said it is open to calls to review some of the provisions of Republic Act 8479, otherwise known as An Act Deregulating the Downstream Oil Industry or more popularly known as Oil Deregulation Law, to pave way for the business sector’s effort to detour favorable response to the demand of increasing the wages of workers in Northern Mindanao.

Chamber opposes P80 wage hike for NorMin

THE Cagayan de Oro Chamber of Commerce and Industry Foundation (OroChamber) Inc. expressed opposition to the P80 daily wage increase petition for workers in Northern Mindanao filed by the Trade Union Congress of the Philippines (TUCP).

The petition, accordingly, due to series of increases in the prices of fuel and basic commodities that affects the purchasing power of daily wage earners.