METROPOLITAN
ILOILO
VOL. II ISSUE NO. 50
the first business newspaper in metro iloilo
TIMES
developmental news | critical views www.iloilometropolitantimes.com
January 26 - February 1, 2014 Php 12.00
Proverbs 18:10 The name of the LORD is a strong tower; the righteous run to it and are safe. HISTORICAL EXCHANGE RATE Weekly MIDPOINT Rates - Jan 17 - 23, 2014
USD/PHP
45.3000
45.2604 45.2478
45.2000 45.1000 45.0865
45.0675
45.0000
45.0785 44.9779
44.9000 44.8000 44.7000
44.6936
44.6000 Jan 17, 2014
Jan 19, 2014
Jan 21, 2014
Jan 23, 2014
DTI PRICE MONITORING Prime Commodities (25 Oct 2013) Prime Commodities (25 Oct 2013)
CANNED SARDINES Current Price INSTANT NOODLES Current Price
Paradiso (155g) Young’s Town Bonus (155g) Lucky 7 (155g)
12.15 Lucky Me! (55g) 13.00 Payless (50g) 13.25
PROCESSED MILK Current Price
7.10 6.30 Current Price
BREAD
Alaska Sweetened Filled 49.50 Milk - Condensed 300 mL Pinoy Tasty (400g) Alaska Filled Milk 34.50 Pinoy Pandesal Evaporated 370 mL Angel Filled Milk Evaporated 410 mL
35.75
37.00
(pack of 10 pieces) 22.50
DA PRICE MONITORING Processed and Manufactured Commodities (25 Oct 2013) Processed and Manufactured Commodities (25 Oct 2013)
Commercial Rice Regular Milled Well Milled Premium Special (Fancy) Sugar Refined Washed Brown Sugar Cooking Oil Lapad (bottle)
Current Price 35.00/kg 38.00/kg 42.00/kg 45.00/kg 45.00/kg 42.00/kg 38.00/kg
Meat & Poultry Pork Liempo Pigue (Ham) Beef Rump Brisket Chicken Fully Dressed Egg (Medium) Fish Bangus
Current Price
190.00/kg 180.00/kg
260.00/kg 200.00/kg 120.00/kg 4.50/pc
ILOILO CITY IS RIPE
Dinagyang in the eyes of prime Ilonggo artist PG Zoluaga. A painting requested by Iloilo Metropolitan Times for today’s anniversary issue.
14-storey Megaworld residential tower launched BY MARY PAULINE BALMES
Top condominium developer Megaworld launched its second condominium project after strong residential sales in Metro Iloilo. Lafayette Park Square is 14-storey single tower building with 289 units occupying _ hectares of the township development. “We are definitely bullish about Iloilo. Aside from the local market, we have seen an increasing demand for residential condominiums in Iloilo from the international market. Around 20% of our residential unit sales last year was driven by our international sales,” said Jennifer 14-storey /p12
Mila’s Hill
BY RHODERICK MAQUIRANG TECSON
The ripening growth potential of Iloilo City is the primary reason why the city is fast becoming a good business site according to Mayor Jed Patrick Mabilog. Boasting an approximate PhP500 million pesos worth of investment in 2013, Mabilog mentioned that the investment community is riding the boat of the city’s prospects as early as now because everything is cheaper yet. He added that the most recent huge investors of the city include Panay Energy Development Corporation (PEDC), Ayala and Megaworld. PEDC a subsidiary of Global Business Power Corporation is operating a 164-MW coal-fired power plant in Brgy. Inggore, Lapaz District and has expressed an intention of building its second plant with 150MW capacity worth P6.2 billion pesos. Ayala Land Inc. has started its P15-B investment which includes the construction of four 14-storey towers, nine 7-storey condominiums, commercial and office establishments, hotels, hospital and open space landscapes.
Mini Hotel t
In Land Resort OPENS DAILY 9:00 a.m. to 5:00p.m. FOR RESERVATION : Call or Txt (033) 396 9698 09059347957
WEBSITE
Pasil, New Lucena Iloilo
Cottages
Pavilion
www.milashill.blogspot.com
EMAIL ADDRESS
milashill.inlandresort@gmail.com
Gazebo
Megaworld Corporation has commenced the construction of its Iloilo Business Park and has an initially investment of P25 B for its development in Mandurriao district. Mabilog attributes the smooth sailing progress in the city to its political stability with a much unified support from the president of the country down to the barangay leaders. He added that the road infrastructures, amenities and educational centers are but a few more advantages that the city has today making it more attractive to investors. Recently, Iloilo is recipient of at least P4 billion worth of infrastructure projects of which P373.55 million has been allotted to key projects in Iloilo City such as the widening of the airport spur road, Arevalo by-pass road and the repair of the Iloilo airport direct road, Jaro spur road and MandurriaoJaro road. The mayor on the other hand stated that the city has yet to have a stable water supply, fully expanded and developed ports and industrial sites in order to fully realize its business potential. IMT
20.00
Current Price 120.00/kg
P88-Million diversion bridge re-opens BY MARY PAULINE BALMES
The Department of Public Works and Highways (DPWH) and the Iloilo City Government spearheaded the opening of the P88million Diversion Bridge in Mandurriao, Iloilo City. DPWH 6 Regional Mayor Jed Patrick Mabilog and DPWH-6 Director Edilberto Tayao officials lead the cutting of ribbon during the said that early completion re-opening of the diversion bridge. of the project will pave way Iloilo City District Engineering for the commuters as well as visitors to pass the way during the Dinagyang Office District Engineer Rodney Gustilo said that immediately after period. “We have finished the bridge the Dinagyang Festival celebration, more than a month ahead of the the expansion of the other side of the target date of completion which is road will resume. The DPWH 6 and the Iloilo City supposedly on March 25 for it to be government spearheaded the opening accessible to the public”, Tayao said. The rehabilitation and expansion of the P88-million Diversion Bridge of the bridge started last July 25 in Mandurriao, Iloilo. Tayao said that the early connecting Diversion Bridge to the Sen. Benigno Aquino Jr. Avenue completion of the project will pave (Diversion Road) and General Luna way for the commuters as well as visitors to pass P88 Million /p12 St., Iloilo City.