BusinessWeek MINDANAO
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Volume IV, No. 97
Market Indicators As of 6:12 pm may 2, 2014 (Friday)
FOREX
PHISIX
US$1 = P44.50
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Rubber dev’t ZAMBOANGA City – Platinum Rubber Development Corp. Chief Executive Officer Engr. Alfonso Jack Fran Sandique told rubber farmers in region 9 to invest on modern farming technology to ensure a better return of their investments. Speaking during the recent Investment Opportunity Seminar on Modern Rubber Production organized by the Department of Trade and Industry (DTI), Engr. Sandique said he has seen personally that rubber growers in the region still use traditional technologies for production. “This led to the very low yield per hectare and very poor quality of rubber produced. This would definitely not pass in international standards,” Sandique stressed. He also pointed out that the use of antiquated technology is the main culprit why the country has the lowest output among ASEAN countries, contributing only 3% to the global natural rubber output.
Canning industry ZAMBOANGA City -– The local sardine canning industry is ready for the Association of Southeast Asian Nations (ASEAN) integration in 2015. This was announced by Permex Producer and Exporter Corporation manager Edgar Lim, citing that the local canneries comply with the international food safety standards. Lim was formerly the president of the Industrial Group of Zamboanga, Incorporated (IGZI) and at present sits as one of the two employers’ representatives at the Regional Tripartite Wages and Productivity Board (RTWPB). “As far as the canning industry is concerned, I would say we are competitive,” Lim said citing that several of the local canneries are also Hazard Analysis Critical Control Point (HACCP) accredited.
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Monday | May 5, 2014
2013 Civic Journalism Community Press Awards:
BusinessWeek Mindanao named as 2013 Best in Business and Economy Reporting BUSINESSWEEK MINDANAO joined the rank as among the country’s best community newspapers as it bagged the title as the Best in Business and Economy Reporting in the 18th edition of the Civic Journalism Community Press Awards given by the Philippine Press Institute (PPI) held Thursday last week (May 1) at The Traders Hotel, Roxas Boulevard, Manila. The annual search aims to recognize outstanding journalism among community ne w sp ap e rs a c ro ss t he country. Although BusinessWeek Mindanao has just entered
competition as a first timer after having been recognized by the PPI as a regular member only two years back, the paper’s thrusts of putting premium to stories that affect the economic life of the local community in particular and of the entire Mindanao as a whole have earned the nod of the panel of judges. R e c o g n i z i n g BusinessWeek’s immense contribution in covering every developments in almost all sectors of the business community, the citation reads: “BUSINESS WEEK M I N DA NAO’s r e g u l a r awards/PAGE 7
BusinessWeek Mindanao editor-in-chief Nelson Constantino (3rd from right) holding the Best in Business and Economy Reporting trophy during the Civic Journalism Community Press Awards, May 1, 2014 under the auspices of the Philippine Press Institute at Trader’s Hotel. Former Philippine President Fidel V. Ramos (6th from right) graced the occasion as keynote speaker.
Delinquent power coops blamed for supply cut D
By FRANKLIN P. GUMAPON Contributor
AVAO City – As Mindanao is currently facing power supply problem, this bleak situation has been exacerbated by the delinquency of some electric cooperatives in paying their obligations to the power suppliers. This was one of the issues cited by Assistant Secretary Romeo Montenegro III of the Mindanao Development Authority (MINDA) when he spoke on Mindanao’s power situation during the 9th media summit on climate change held here recently. Although he did not mention the electric cooperatives heavily indebted to power suppliers,
Montenegro said that most of them are in the Autonomous Region in Muslim Mindanao (ARMM). “One of them has P6 billion in debts,” he disclosed. “Since the power supplier, by law, cannot just cut the supply for these cooperatives despite their huge debts, their power allocation is instead reduced. That explains why supply/PAGE 7
Spanish-era brick-making kiln found in MisOr town By FROILAN GALLARDO, MindaNews
ALUBIJID, Misamis Oriental — Archeologists have started excavating a Spanish-era brick-making kiln in a site in this town where residents used to dump garbage. The kiln, measuring around three meters and located beside a hill near
the town poblacion, is a “major archeological find”, according to University of the Philippines senior lecturer Lee Anthony Neri. “This is the only brickmaking oven of its kind left in Misamis Oriental. That we have found the oven
SPANISH BRICK. Prof. Pauline Basilia of the University of the Philippines takes out a pail of dirt from the Spanish brick making kiln archeological site in Alubijid town, Misamis Oriental. The kiln locally known as “hurnal” was built in 1890 and supplied bricks to churches in Misamis Oriental and as far away as Bohol. mindanews photo by froilan gallardo
still intact though in fragile condition is a major find,” Neri said. He said the kiln was built by Jesuit lay brother Juan Costa probably in 1890 before construction of the Holy Cross Church in Alubijid town started. He said bricks from the oven were also sent to nearby Our Lady of the Snows parish church in El Salvador town and faraway Baclayon Church in Bohol. “During the Spanish colonial period, church makers built brickmaking ovens before any construction was started. Technically that is very sound because you need a steady supply of bricks,” he explained. Neri said Brother Costa, a noted Jesuit brick maker, built five ovens for the churches in the towns of bricks/PAGE 7
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