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Volume III, No. 274
Market Indicators
As of 5:59 pm AUG. 7, 2013 (Wednesday)
FOREX
PHISIX
US$1 = P43.69
6,420.79 points
UNCHANGED
UNCHANGED
Briefly Confidence high MINDANAO business leaders have expressed confidence that the recent bombings in parts of the island will not in any way dampen their spirits in promoting the area as an investment haven. Ricardo Juliano, Philippine Chamber of Commerce and Industr y (PCCI) vice president for Mindanao, said in a statement that were not deterred by the attacks that rocked the business districts of the cities of Cotabato and Cagayan de Oro in the last two weeks. “We cannot be deterred. We just have to move forward. Being deterred means they -- those who want to create the troubles -- have won,” he said.
How to do business THE Department of Trade and Industry’s (DTI) Bureau of Export Trade Promotion (BETP) in partnership with DTI Region 10 will conduct a s er i e s of i nfo r m at i o n sessions on the ASEAN Economic Community (AEC) through its “Doing Business in Free Trade Area” (DBFTA) program on August 13 at N Hotel here, August 14 in Iligan and August 15 in Ozamiz. The program is a massive ad vo c ac y c a m pai g n fo r businesses, industry groups, the academe, and other stakeholders to increase their awareness as well as foster appreciation for the benefits of free trade agreements (FTAs), and how they could avail of these benefits. Moreover, these sessions will discuss how businesses could increase trade with Philippine FTA partners.
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Cagayan de Oro City
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August 12, 2013
WITH 54%-COAL, 24%-HYDRO IN 2015:
Govt sees M’nao power stabilized in three yrs. D
By BONG S. SARMIENTO, MindaNews
AVAO City — The government is expecting stable power supply in Mindanao in 2015, coming mostly from coal power plants although efforts are underway to also fast-track renewable energy projects to balance the energy mix in the island in the long-term, officials said.
According to the “Mindanao Power Situation and MPMC (Mindanao Power Monitoring Committee) Updates June 2013” of the Mindanao Development Authority (MinDA), between
now and 2020 – or within seven years — the power generation mix in Mindanao i s e x p e c t e d to c h a n ge drastically from the present 52% hydro and 31% coal, power/PAGE 10
REJUV GINSENG:
MINBIZCON. President Benigno Aquino III speaks before the participants to the 22nd Mindanao Business Conference at SMX Lanang Premiere, Davao City on August 8, 2013. The 3-day conference provides a venue for key business leaders in crafting policy agenda that will prepare the Philippines for the Asean Economic Community (AEC) 2015 integration. mindanews photo by toto lozano
Largest BPO firm sets foot in M’nao
THE country’s biggest private employer is venturing into Mindanao, putting up its 22nd call center in Davao City with an initial 800 seats expected to be filled up by September. In a briefing, Convergys Corp executives said the Davao facility may be followed by another site BPO/PAGE 10
A Breakthrough in Skin Lightening, Revitalisation and Rejuvenation! Muzi Enterprises Inc recently held a press conference for the launch of its REJUV GINSENG 5 in 1 Active Formula Soap! The 1st Beauty Soap that uses Korean Gins eng as its core ingredient and promises
to give consumers beautiful glowing skin thru its Lightening, Revitalisation and Rejuvenating properties from the Ginseng Extract Formulation. Aside from its Korean Ginseng Extract, rejuv/PAGE 8 advertorial
Feedmiller to aid backyard hog raisers By BUTCH D. ENERIO Correspondent
ILIGAN City -- A growing concern on the seemingly imba lance bet ween hog raiser’s population and the growing meat, mainly pork, consumption has propelled feeds producer Pi lmico Animal Nutrition Corp. to scale up the promotion of backyard livestock raising in the country. B a s e d on P i l m ic o’s
a s s e s s me nt , w h i le t he local livestock industry is predominantly small-scale or backyard type, the lack of financing and technical know-how prompted many players to stop raising hogs. Sabin Aboitiz, Pilmico president and chief executive, said Pilmico will undergo education and information campaign on proper livestock
backyard raising through the company’s Diamond program. “We wa nt to be our costumers’ partner for growth and share with them the knowhow in livestock raising,” Aboitiz said. The Diamond Program focuses on key areas such as improved breeding and genetics, good management, complete healthcare, and excellent nutrition. aid/PAGE 10
A forklift uploads feeds for delivery at the warehouse of Pilimico milling plant in Iligan City. The downturn in backyard hog-raising prompted feed millers in the country to step up promotion to bolster their production.
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