American, European and Japanese chambers of commerce have signed an agreement to form a Southern Mindanao Growth Corridor to open investments here in Mindanao that will serve as their gateway for the Asian market.
Speaking at the Club 888 business forum, marketing directors from various malls said the first Fun Sale hosted by the DOT increased food traffic and tourist shoppers.
The increase in power rates by distribution utilities that either operate standby power generation facilities or are buying electricity from other producers for their “peaking requirement” is not “across the board”, a director of the Mindanao Development Authority (MinDA) said.
Non-government organizations and consumer groups in Mindanao castigated government on its alleged mishandling of the affairs of the energy sector that they said only allowed corporations to dominate the field rather than being clipped of their powers to monopolize.
Five business chambers in Mindanao urged the Department of Energy to modify portion of the controversial Electric Power Industry Reform Act to prevent monopoly in the energy sector.