Boracay Action Plan adopted



By Rose de la Cruz


Following the six-month closure of world-renowned Boracay last year, the Boracay Action Plan (BAP) that was crafted during the closure is now being adopted by the inter-agency task force.


The National Economic and Development Authority said the task force adopted the medium-term BAP last December 21 formally laying out the proposed programs for the island’s rehabilitation.


The BAP installs safeguards from ecological degradation and sustain tourism activities in Boracay. These programs and activities will be implemented following Boracay’s six-month closure period, which took place from April to October 2018.

Read more: Boracay Action Plan adopted

 Cemetery dwellers to get Christmas gifts from GLAD community



Dubbed as Pamaskong Panibagong Buhay para sa mga homeless, the GLAD community, a small group of prayer warriors and Bible readers, is holding on December 8 feast of the Immaculate Concepcion (a holy day of obligation) that was declared in December last year as a national holiday as well, as another day of charity at the North Cemetery for the homeless dwellers residing there. This is the first time Dec. 8 will be celebrated as a national holiday.


The President, by virtue of Republic Act 10966, which he signed last December 28, 2017, declared Dec.8 as a…

Read more: Cemetery dwellers to get Christmas gifts from GLAD community



By Rose de la Cruz


Rep. Frederick Siao (Iligan City) lauded the Department of Finance’s plan to float P13.5 billion worth of Marawi Bonds Series 1 for the Bangon Marawi rehabilitation program.


"Using the online retail treasury bond format for the Marawi Bonds will enable wide and international participation of ordinary Filipinos and other citizens in the recovery of Marawi," said Rep. Siao who suggested the issuance of Marawi bonds in October last year.


Siao also said he appreciates the DoF’s openness to issue more Marawi bonds in the future.


"Given the global awareness about the plight of Marawi and its surrounding areas, including Iligan City, I am confident the demand for Marawi Bonds will be high and there could very well be over subscriptions," Siao said.


Siao expressed the hope that the Al Amanah Islamic Investment Bank "will have an active role in the promotion of the Marawi Bonds and that Islamic banks that will open up in the future will be invited to participate in the follow-up bond series." 


Read more: Floating of Marawi bonds lauded

 Iligan schools prepare for jobs needed by Chinese steel plant


By Rose de la Cruz


Iligan Rep. Frederick Siao vowed to mobilize Iligan schools to provide 50,000 skilled and technical manpower needed for the $3.5 billion integrated steel plant the Chinese investors intend to build on the 305-hectare section of the Phividec Industrial Estate in Misamis Oriental Special Economic Zone.


He made the pledge following his meeting with Chinese President Xi Jinping as part of a congressional delegation led by Speaker Gloria Macapagal Arroyo.


Siao said Iligan "will be at the forefront of the Philippine side of this major investment of the Panhua Group Co., Ltd which is estimated…

Read more: Iligan schools prepare for jobs needed by Chinese steel plant

O64 reviving barter trade in Mindanao lauded



By Rose de la Cruz


Executive Order 64 of President Duterte, reviving barter trade in Mindanao, was lauded by Reps. Frederick Siao of Iligan City and Henry Ong, 2nd district of Leyte, as a means of pushing vigorously economic growth in that southern island.


Siao said, the "resurgence of the barter trade will bring economic and social gains for my Iligan constituents and our neighbors in northern and western Mindanao.


"Coupled with the institutional strengths of Islamic finance, Mindanao barter can flourish well and more so when Islamic banks of Indonesia, Malaysia, Brunei, and even from the Middle East set…

Read more: O64 reviving barter trade in Mindanao lauded

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Tuesday, 19 February 2019
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