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THE MINDANAO CONVERGENCE www.businessmirror.com.ph
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Sunday, September 22, 2019 Vol. 14 No. 347
P25.00 nationwide | 2 sections 16 pages | 7 DAYS A WEEK
OLDEST INDUSTRIAL ESTATE IN PHL SLATES FIRST INVESTMENT SUMMIT IN DECADES
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By Manuel T. Cayon
AVAO CITY—All is set for the country’s first industrial summit, with at least three business tycoons confirming their participation in discussions seen to result in the crafting of the first industrialization design for the country, the chief of the oldest industrial estate in Mindanao said.
“T
his summit will attempt to finally nail down the dreamed industrialization that we all thought back then to be near at hand, but which eventually went puff. Back then, during the time of Presidents Manuel Garcia and Elpidio Quirino, we all thought that we would be an industrial nation soon, especially when the exchange rate was at two pesos to one dollar.” FRANKLIN M. QUIJANO
Administrator and CEO, Phividec Industrial Authority in Misamis Oriental The industrial summit will be the first ambitious attempt to generate the sparking outflow of big-ticket investment operations toward the regions, and hopefully to reduce the concentration of population in the National Capital Region. Franklin M. Quijano, a former mayor of Iligan City and the current administrator and chief
executive officer of the Philippine Veterans Investment Development Corp. (Phividec) Industrial Authority in Misamis Oriental, said the first summit to be held in Cagayan de Oro City from November 26 to 28, 2019, will also finally draw the attention of the world’s top corporations that are Continued on A2
Eight years on, Fukushima hopes rugby can clean up its image
A WORKER, wearing a protective suit and a mask, levels ground at Tokyo Electric Power Co.’s tsunami-crippled Fukushima Dai-Ichi nuclear power plant in Okuma town, Fukushima prefecture, February 10, 2016. REUTERS/TORU HANAI/POOL
O
By Jon Herskovitz | Bloomberg News
N pristine sports fields in northeastern Japan, the Argentine men’s rugby team practiced their scrums, line-outs and set plays in the sunshine in preparation for their opening game against France this week in the Rugby World Cup. Continued on A2 PESO EXCHANGE RATES n US 52.2800
KNOWN to locals as “Tatlong Maria,” these three lighthouses on Cape San Agustin in Governor Generoso, Davao Oriental, were built in the 1940s, 1960s and 1990s, respectively. They offer spectacular views of the Celebes Sea and Davao Gulf in opposite directions. RAKSYBH | DREAMSTIME.COM
n JAPAN 0.4841 n UK 65.4912 n HK 6.6758 n CHINA 7.3665 n SINGAPORE 37.9308 n AUSTRALIA 35.4929 n EU 57.7276 n SAUDI ARABIA 13.9387
Source: BSP (September 20, 2019 )