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Ridgeview Chalets IN X AV I E R E S TAT E S Xavier Estates, Masterson Avenue, Upper Balulang, 9000 Cagayan de Oro City FIESTA PROMO PLEASE RESERVE AT LEAST 3 DAYS BEFORE CHECKING-IN 2n50 STAY FOR THREE NIGHTS, 50% OFF THE THIRD NIGHT BARKADAHAN PACKAGE Enjoy the company of your friends while taking a dip in the pool. BusinessDaily For reservations, call: +63 88 858-7930 / 858-7946 CREDIBLE Market Indicators As of 5:57 pm AUG. 16, 2013 (Friday) FOREX PHISIX US$1 = P43.64 6,525.95 points unchanged unchanged Briefly Handicraft training DAVAO Ci t y - - H a n d i c r af t producers and exporters under the industry cluster teams of Bicol Wearables & Homestyles and Visayas Gifts Decors & Homewares are set to go to Japan for a benc hmarking mission from August 25 to September 2013 this year. Undersecretary Zenaida Maglaya who endorsed the par ticipants for the twoweek mission to Japan, said these cluster teams under the National Industry Cluster Capacity Enhancement Project (NICCEP) will join a training program of Japan International Cooperation Agency (JICA), titled “Research and Learning Japanese Market Trends for Natural Merchandise”. Ei g ht par t i c i pant s wh o will join this Japan mission are expected to study and benchmark on the latest bags, baskets and crafts design trends there that would eventually help them penetrate the Japanese market, according to Maglaya. Reef bud project MAMBAJAO, Camiguin -- Some 450 reef buds were installed in three sites here, after typhoon Pablo ravaged the Cantaan Giant Clam Sanctuar y and shattered live coral cover in the island, last year. Each unit is a mixture of both organic and inorganic composite artificial reef, molded in coconut husk to mimi c un d er water calcification. This project was initiated to demonstrate application of successful coral reef rehabilitation technology. A technique, along with other local management intervention, devised to improve the country’s ecosystem resilience in the face of climate change. Unwind. Stay at Ridgeview Chalets. RELIABLE Cagayan de Oro City Volume III, No. 281 FOR ONLY P1,625 each for 4 Persons. FREE FILIPINO BREAKFAST AND SWIMMING IN-DEPTH Thursday P15.00 August 22, 2013 AS MINDANAO ENERGY SUPPLY DWINDLES Another power barge ready for deployment By CARMELITO Q. FRANCISCO Correspondent Caraga region, ‘country’s poorest region no more’ P O W E R producer T h e r m a Marine, Inc., which operates two power barges in Mindanao rated at close to 100 megawatts (M W) each, is prepared to bring another barge to the island if demand for electricity erodes the island’s alreadythin reserves further before planned new supply goes online. J o v y P. B a t i q u i n , chief operating officer of the Aboitiz Power Corp. (AboitizPower) subsidiary, said in a recent interview that Therma Marine has barge/PAGE 11 WHERE’S THE ROAD? A motorist negotiates the heavily-flooded road in Brgy. Dayawan, Villanueva, Misamis Oriental as water overflows the spillway due to almost 4 hours of rain Tuesday night. Residents in the area are seeking government’s attention to solve the recurring problem during rainy seasons. photo by rolando sudaria Gov’t to give a face, name for fisher folks By BUTCH D. ENERIO, Correspondent UNIT II: One of the four units acquired by AboitizPower. CLOSE to t wo m i l l ion f ishermen in t he entire country would soon have a face and a name t hat government could identify for support and for other benefits due them. The Bureau of Fisheries a nd Aqu at ic Resou rces (BFAR) 10 launched on Wednesday its regional task of implementing the national prog ra m for mu n icipa l Fisher fol k Reg ist rat ion (FishR) in Cagayan de Oro City. The Northern Mindanao FishR was attended by more than 500 participants from cities and municipalities and provinces in Region 10 who will be capacitated as required under the Fisheries fisher/PAGE 11 BU T UA N C it y - - T he Caraga region has been out of the cellar as “the country’s poorest region,” a top regional trade and industry official told a press conference Monday. Director Brielgo Pagaran, Dept. of Trade and Industry Caraga Regional Director, in a press forum at the DTI regional office conference said for some years, the region which had been listed as 16th in the bottom as the Philippines’ “poorest region,” just a notch higher than the Autonomous Region of Muslim Mindanao. Now it has jumped to 11th12th place, tying with Region V, following the region’s two consecutive years of high growth in its gross regional domestic product based on the 2012 first semester official provincial poverty statistics repor t of t he Nat iona l Statistica l Coordination Board released April this year, he said. Pagaran said however that Caraga has a lot more to do. “We should aim to be at the top five regions in the country,” he said. In 2010 and 2011 the reg ion’s g ross reg iona l domestic product registered no more/PAGE 11 Editorial and advertising email : • Cell Number : 0917-7121424 • 0947-8935776

BusinessDaily (August 22, 2013)

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