BusinessWeek MINDANAO
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Volume IV, No. 92
Market Indicators
As of 5:57 pm Apr. 22, 2014 (Tuesday)
FOREX
PHISIX
US$1 = P44.53
6,784.95 points
10 cents
X
17.44 points
X
Briefly Corn Congress AS the city of Cagayan de Oro will be the host for the 10th National Corn Congress (NCC) which is tentatively scheduled on October 12-17, 2014, the Department of Agriculture – Regional Field Office No. 10 (DA-10) has recently held a Preparation Meeting for the conduct of the said activity. The 10th NCC is expected to bring in 2,500 participants, consisting of corn farmers, DA officials, local government units (LGUs), private sector, the academe and other agricultural stakeholders to showcase various farm machinery, equipment and post-harvest facilities as well as share and discuss prevalent issues and concerns on the best corn farming practices and technologies. Engr. Roger Navarro, president of the Philippine Maize Federation, Inc. revealed that the six-day affair will focus more on corn farming mechanization through the conduct of exhibits, technology demonstrations, fora and technical reports, especially in light of the upcoming Association of Southeast Asian Nations (ASEAN) economic community integration.
Aviation upgrade THE Civil Aviation Authority of the Philippines (CAAP) has taken a notch higher after receiving a Category 1 status of civil aviation safety by the United States Federal Aviation Administration (FAA). Laguindingan Airport Area Manager, Jose Budiongan said in a phone interview that “Category 1 means that we are no longer restricted and additional routes to the United States are granted. When we were in Category 2, we were restricted because we had a lot of safety issues and concerns.” He said that with Category 1 status, we are elevated and at par with developed countries in terms of compliance to the standard set by International Civil Aviation Organization (ICAO).
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Final draft of Bangsa law goes to Congress C
By EDWIN O.FERNANDEZ Philippine News Agency
OTABATO City -- The Bangsamoro Transition Commission (BTC) composed of representatives from the government and the Moro Islamic Liberation Front (MILF) has signed the final draft of the proposed law that will establish the Bangsamoro government in Mindanao, officials Monday said.
EARTH DAY RALLY. At least 8,000 people from all over Caraga Region attended the Earth Day protest rally in front of the Mines and Geosciences Bureau (MGB) regional office in Surigao City on Tuesday. The rallyists condemned the operations of big mining companies, which they said have adverse effects on the environment. mindanews photo by roel catoto
Milkfish in MisOr still safe for consumption, says BFAR MISAMIS Oriental -- The Bureau of Fisheries and Aquatic Resources (BFAR) in Northern Mindanao said on Monday that the milkfish raised in Balingasag, Misamis Oriental is still safe for public consumption. The BFAR made the announcement to allay fears that the culture milkfish in the province’s marine culture park in Balingasag were affected by the harmful algal bloom (HAB) that caused “fish kill” at the start of the month of April this year.
The 95-hectare “Mariculture Park” in the coastal town of Balingasag in Misamis Oriental is the biggest supplier of milkfish in Northern Mindanao. In 2013, the annual total production of Bangus in Balingasag was 956.25 metric tons. B FA R 1 0 R e g i o n a l Director Visa Tan Dimeren said that the (HAB) is a rapid growth of algae in an aquatic system due to increase in temperature, water salinity as well as its movement which safe/PAGE 11
Ghadzali Jaafar, MILF vice chair for political affairs, said the signing was held at the BTC office In Cotabato City on Easter Sunday. “Except for two BTC commissioners, a l l t he members signed the document,” Jaafar said. “Hopefully, the proposed law which under went a thorough consultation and study, will get the approval
of the Philippine Congress,” Jaafar said. The unsigned and partial draft copy of the document had been forwarded to the Office of the President for review. Two BTC Commissioners failed to show up during the signing. No reason was given when Johaira Wahab and Fatmawati Salapuddin draft/PAGE 11
Aboitiz Power barges on extended running hours By GRACE BEBER Staff Writer
POWER provider Therma Marine, Inc. (TMI) has continued deploying its diesel-fired power barges operating close to 24 hours on a daily basis, as Mindanao power supply remains thin, a company statement said on yesterday. Some 22 electric cooperatives and distribution utilities have power aboitiz/PAGE 11
Therma Marines’s 100-MW power barge 117 moored at Nasipit, Agusan del Norte.
BSP plans to demonetize old bills T H E B a n g k o S e nt r a l ng Pi l ipi na s ( B SP ) i s encouraging the public with the old series of currency bank notes to have them exchanged before they are demonetized, said a bank
official here on Monday. Dexter Erick Demafeliz, senior research specialist of the Central Bank of the Philippines here, said that BSP is set to demonetize the old currency notes in
2015 to give way to the full circulation of the new generation currency bank notes. The new generation currency series, in bills/PAGE 11
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