BusinessWeek MINDANAO
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Volume IV, No. 95
Market Indicators
As of 5:54 pm Apr. 29, 2014 (Tuesday)
FOREX
PHISIX
US$1 = P44.50
6,632.73 points
1 cent
X
28.38 points
X
Briefly Davao-Australia flights
Wednesday | April 30, 2014
DAVAO City -- The American Chamber of Commerce in the Philippines (AmCham) Davao Chapter is proposing Australia-Davao flights. “Flights from Australia to Hong Kong and vice versa fly over Davao, but no one has looked at the possibility of convincing [the airlines] to land here,” said Philip S. Dizon, president of AmCham-Davao. Arturo P. Boncato, assistant secretary of the Department of Tourism, said the government is pushing for more international flights to Davao, not only to promote tourism but also to decongest the Ninoy Aquino International Airport in Metro Manila.
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By CARMELITO Q. FRANCISCO Correspondent
HE Mindanao chapter of the militant labor group Kilusang Mayo Uno has reiterated its push for a P125 legislated wage increase as the country joins the world in marking Labor Day on May 1.
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Oro solon says US military presence in PHL necessary By CRIS DIAZ of Mindanao Daily News
THE presence of the US m i l it ar y forc e s i n t h e Philippines is necessary as a defensive response to thwart possible incursion by other countries on the country’s territory. Rep. Rufus Rodriguez, a veteran lawmaker from Cagayan De Oro City, made the statement on Monday saying he favored the presence of the US military forces in
Asean integration T A G UM Ci ty -- D a va o del Norte is aligning its development plans in light of the Association of Southeast Asian Nations’ (ASEAN) economic integration and foresees opportunities for its highvalue crops such as banana, mango, coffee, rubber and cacao. “These products are grown in commercial quantity in the province, including oil palm,” said Romulo D. Tagalo, assistant provincial administrator. The province’s major crops have entered the export markets through the years, indicating that Davao del Norte can compete favorably under an ASEAN open market system. Governor Rodolfo P. del Rosario said the province has started making the vital preparations to ensure competitiveness when the ten-member ASEAN integrates its markets next year.
P15.00
Labor group pushes for salary hike law www.businessweekmindanao.com
the Philippines in time for the visit of US President Barack Obama in Manila. Rodriguez said that there is a need for the Philippines to review the US-RP Mutual M i l it a r y D e f e n s e Pa c t Agreement to pave the way for the redeployment of the US forces in the Philippines. There is no hindrance on the plan to allow the US necessary/PAGE 11
Foreign biz groups ink pact for econ growth in M’danao By JOEY SEM G. DALUMPINES Contributor
SOLAR-POWERED. Residents pass by a solar-powered street light in Timanan, Souh Upi, Maguindanao last Sunday. The street light is a great help to the residents of this remote village, especially at night. mindanews photo by geonarri solmerano
DAVAO City -- The heads of foreign chambers of commerce and industry in Davao Region formally signed an agreement early today to host the Southern Mindanao Growth Corridor Investors’ Forum on September 19 to explore more investment opportunities in the island
following the signing of the Comprehensive Agreement on the Bangsamoro last month. Heads of the American Chamber of C ommerce in the Philippines, Davao Chapter, Japanese Chamber of Commerce in Mindanao growth/PAGE 11
Safety of NGCP transmission lines one the causes of frequent PLANTING of trees under EDITORIAL power tripping or brownouts. transmission lines, towers Several cases of these have and right-of-way (ROW) clearances is prohibited according to the been reported in some areas of Lanao del National Grid Corporation of the Philippines Norte and Western Mindanao. Alabanza said NGCP lines carry very (NGCP). NGCP Corporate Communications high voltage power. Thus, violations of their head, Atty. Cynthia Albanza, said it is ngcp/PAGE 11
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