BusinessWeek MINDANAO “We Grow Minds”
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 155
Market Indicators
As of 6:45 pm apr. 29, 2015 (wednesday)
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Briefly RE venture ALSONS Power Group, the holding firm for Alsons Consolidated Resources, Inc.’s power assets, eyes initial investments of more than P2 billion for its renewable energy venture, which involves putting up its first hydropower plant in Mindanao this year. To date, Alsons Power Group has service contracts that allow it to build a combined RE capacity of 94 megawatts (MW) that should be spread out across four different sites. “We have a pipeline of hydro projects that we are currently working on and it shows that we are on the right track as far as the renewable energy initiative of the company. This is something that we will be rolling out. Alsons is committed to building its renewable energy portfolio,” Alsons Power Group Vice President for Business Development Joseph Nocos said in an interview with reporters.
Birthing place GINGOOG City -- As givers of life to their babies, thousands of mothers in this city must be well taken cared of and assisted by their nearby birthing centers and personnel. Stressed Mayor Marie de Lara Guingona as her administration has been jointly implementing with the Department of Health (DOH) the two separate initial constructions of birthing homes in barangays Lunao and San Miguel respectively totaling to P2.4 million. Through the initiative of Mayor Marie Guingona, the amount is sourced out from DOH’s Health Facility Enhancement Program (HFEP) and divided it for a P1.2 million project to the two barangays. She has signaled the Office of the City Engineer under Felipa Baranda to submit to her office the finished program of works for these birthing homes.
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Thursday | April 30, 2015
Megaworld sees sales to double for Davao project By CHENG ORDONEZ, Associate Editor
D
AVAO City – Real estate developer Megaworld Corp is expecting to double the sales of its township project in Davao City which is being undertaken by subsidiary Suntrust Properties, with the recent opening of its showroom early this week. “We are expecting that [with the opening now of the showroom], sales would, at least, increase by 50 percent, not just because of the showroom, but because of the growing popularity of the project,” said Suntrust president Atty. Harrison Paltongan. The P15-billion Davao Park District is a 11.2-hectare township project located along S.P. Dakudao Loop, Lanang, Davao City, formerly the site of the renowned Lanang Golf and Country Club. Paltongan said the sales has been gaining momentum, and has already reached P1 billion mark in terms of sales, attracting clients--both companies and individualresidents--as locators for its business and residential condominium units. During the formal opening of its showroom at the ground floor of Suntrust office building in Davao City on Monday, Paltongan said that they are presently on track with their masterplan to set up residential condominiums, commercial and retail strips, office buildings and educational institutions in the next seven years. megaworld/PAGE 11
BRISK SALES. Property giant Megaworld expects to double the sales of its four 21-storey residential condominium projects, One Lakeshore Drive, now under construction at its P15-billion Davao Park District in Lanang in Davao City.
Over 9,000 vacancies await jobseekers on Job Fair By APIPA BAGUMBARAN, Contributor
HIGH PRICE. Even in the vegetable-producing area of Kitaotao in Bukidnon, vegetable prices have shot up due to the dry spell. Squash, for instance, now costs P30 per kilo when spotted when it used to be only P10 during normal times in this area. mindanews photo by keith bacongco
SOME 9,110 jobs are available in the upcoming 113th Labor Day Mega Job Fair on1 May 2015 at the SM Event Center, Cagayan de Oro City. This year’s month-long Labor Day celebration in the region is anchored on the theme, “Disenteng Trabaho at Kabuhayan, Alay Natin sa Bayan.” Department of Labor and Employment (DOLE) Regional Director Raymundo G. Agravante said Monday that of the confirmed job vacancies solicited, around
4,110 will be available for local employment from 71 participating private companies and government agencies. Meanwhile, DOLE-10 is expecting around 5,000 job vacancies for overseas employment from eight recruitment agencies, as processed by the Philippine O v e r s e a s E mp l o y m e nt Administration (POEA). Top job vacancies for local employment are Customer Ser vice Representatives fair/PAGE 11
Filipino account holders increased By APIPA BAGUMBARAN, Contributor
THE Bangko Sentral ng Pilipinas (BSP) estimates that over three million new accounts were opened between 2011 and 2014.
This estimate is based on the latest edition of the World Bank Global Findex which reveals that 31.3 percent of Filipino adults own a
formal account, up by 4.7 percentage points from the baseline figure of 26.6 percent reported in the 2011 Findex. Formal account refers to an account held in financial holders/PAGE 11
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