BusinessWeek MINDANAO Best in Business and Economic Reporting Philippine Press Institute Civic Journalism Community Press Awards 2013
Volume V, No. 9
Market Indicators
As of 5:55 pm june 26, 2014 (Thursday)
FOREX
PHISIX
US$1 = P43.87
6,892.18 points
3 cents
X X Briefly 57.50 points
New Philpost services THE Philippine Postal Corporation (PHLPOST) Central Mindanao Area 8 has leveled up, now offering its new services. During the recent Career Executive Officers – Northern Mindanao (CEO-NM) agency familiarization, PHLPOST Area 8 Director Nimia Acebes introduced to the regional directors and heads of government agencies in Northern Mindanao the different and competitive services PHLPOST deliver. From the usual three categories particularly financial, mail services and other products, they have narrowed them down to business lines which include mail services, postal payment, retail services, logistics and other services. They offer Electronic Postal Money Order (ePost MO) for remittances, wherein anyone can claim remittance from the post office where there is ePost MO.
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Friday | June 27, 2014
Whitewater rafting operators feel crunch
T
By FROILAN GALLARDO, MindaNews
HE whitewater rafting adventure industry that has made Cagayan de Oro City famous among tourists has suffered a backlash caused by bad publicity over the June 13 accident that claimed the life of a nurse from Bohol.
Vital Espulgar, president of the Oro Association of Rafters (OAR) and operations manager of the Golden Friendship Outfitter group, said over 200 tourists cancelled their tours last week because of the accident. “Many of those who cancelled are parents whose children have booked tours and corporate employees who have planned to go white water rafting with us,” Espulgar said. “Many of those who called to cancel told us they got scared after learning of the accident,” he added. Another tour operator, Rex Tapungot of Red Rafts, said 104 of his clients for this weekend have also cancelled their tour. rafting/PAGE 10
City dads review ‘river rafting’ ordinance By CRIS DIAZ, Executive Editor
THE Cagayan de Oro City Council have started to review the Ordinance that spells out rules on “Whitewater River rafting” in the treacherous Cagayan De Oro River here. City Councilor Alden Bacal, author of Ordinance No. 110872008 that allows the operation of Whitewater River rafting, said on Thursday that “while the occurrence of accidents are inevitable, the damage to life and property could be minimized.” Bacal recalled that one of the earlier amendments was the prohibition of “raft flipping” and other dangerous maneuvers while river rafting along the rapids of Cagayan De Oro River. He said that the Safety Organization of the Philippines review/PAGE 10
Water project OPOL, Misamis Oriental –- The Department of Public Works and Highways (DPWH) has turned over the completed flood control project worth P 9.3 million to local officials here, town Mayor Max Seno said on Thursday. Seno said that the project involved the slope protection or River Flood Control along the riverbank of Barangay Barra here, one of the villages in Misamis Oriental that went under water when the Iponan River in Opol overflowed at the height of Typhoon Sendong in 2011. He said that the Japan International Cooperation Agency (JICA) funded the more than 3 kilometers river dike that replaced the old river dike damaged by Typhoon Sendong and the series of flash floods.
THE
OTOP. Mayor Oscar Moreno leads the ribbon cutting together with Department of Tourism Region 10 Director Catalino Chan III and Vjandep owner Eleanor Jose during the opening of One Town One Product (OTOP) store in SM City Cagayan de Oro. The OTOP store features more than 50 local products from all over Misamis Oriental including meat products, pastries, native sweets, concoctions, beverages, bags and other creations.
RIVER WILD. Tourists enjoy the thrill and fun experience of white water rafting on board an inflatable raft down the rapids of the Cagayan de Oro River. The City Council has started reviewing the ordinance that governs the white water rafting activities to avert similar incident last week that killed a tourist. mindanews photo by erwin mascarinas
Primavera Residences offers sound investments with buy-to-rent units As Cagayan de Oro becomes one of the country’s most progressive cities, consumer demand for accommodation opens up a lot of opportunities for addit iona l income. Serviced condo or condotel units are now turning out to be good buy-to-rent property investments. In another pioneering move, Primavera Residences, Cagayan de Oro’s internationally-awarded ecofriendly condo property, announces the launch of its serviced condos for short to extended stays.
“A s e r v i c e d c o n d o combines the flexibility of ownership with hotel-like services such as cleaning, maintenance and security. Un it ow n e r s h av e t h e option to rent it out to short-term or long-staying guests,” explained Primavera Residences general manager Cheryll Barriga. Serviced condos are a solution to typical short term or relocation housing needs, she continued. Typically larger than hotel rooms, condos are less expensive
and homier options for those on business trips or longterm project assignments. Families will find one- or two-bedroom units with fully-fitted kitchen ideal. full story / page 9
‘Water dwellers’ grow nutritious, organic veggies thru small-scale, container gardens (Conclusion) By BONG D. FABE, Correspondent
OUR ver y own classic nursery song “Bahay Kubo” has immortalized vegetables that helped make it the single
food group that children memorized early in life. But come dining time, only very few children appreciate and
eat vegetables. The song is not enough to propel eating vegetables to stardom in the dining table. But with urban container gardening (UCG), children grow/PAGE 10
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