BusinessWeek M I N DA N A O CREDIBLE
Volume VIII, No. 131
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IN-DEPTH
Wednesday|April 4, 2018
P15.00
R-10 posts record X quantity of traded Briefly goods in Q4 of ‘17 T
Market Indicators As of 6:00 pm April 3, 2018 (tuesday)
FOREX
PHISIX
US$1 = P52.08
8,048.72
4.5
cents
X
9.27
points
Waste-to-energy
DAVAO City is planning to build a waste-to-energy facility that can produce around 12 megawatts (MW) of electricity once completed over the next four years, a city official said. “It’s planned to accommodate 600 tons [of waste] per day,” said Tristan Dwight P. Domingo, assistant city administrator of Davao City, adding that the facility can generate “somewhere around 12 MW” of electricity. “The timeline now that we are working on is, the facility must be operational before first quarter of 2022, probably April,” he said in a chance interview.
Renewed peacetalks A WEEK after meeting with Moro National Liberation Front (MILF) leaders, President Rodrigo Duterte on Monday said he intends to talk again with Moro National Liberation Front (MNLF) founder Nur Misuari to discuss road to “lasting peace”. Duterte revealed this in his speech during the distribution of the certificates of land ownership award (CLOA) to 1,680 agrarian reform beneficiaries in Isulan, Sultan Kudarat. “So this week, I would be in conference with everybody and after that I will go back to maybe Jolo to talk to Misuari again if we can come up with an arrangement to arrive at a lasting peace,” he said.
By ANTONIO L. COLINA IV, MindaNews
HE five-province Northern Mindanao accounted for 22 percent of the total quantity of all traded commodities in the last quarter last year, the highest among all regions in the country, a preliminary report of the Philippine Statistics Authority (PSA) released on March 28 said.
T h e P S A s ai d Nor t h e n Mindanao, comprising Bukidnon, Camiguin, Lanao del Norte, Misamis Occidental, and Misamis Oriental, recorded a total of 1.42 million tons of traded
commodities, followed by Central Luzon (1.35 million tons) and Central Visayas (890,000 tons). It added MIMAROPA posted 560,000 tons; Western Visayas, 500,00 tons; National Capital
Region, 480,000 tons; Eastern Visayas, 290,000 tons; Bicol Region, 270,000 tons; Davao Region, 230,000 tons; Caraga and SOCCSKSARGEN with 140,000 tons each; CALABARZON, 90,000 TONS; Zamboanga Peninsula, 80,000 tons; and Autonomous Region in Muslim Mindanao, 40,000 tons. Topping the list of the most traded commodities were food and live animals with 2.50 million tons worth P41.71 billion, which accounted for 72.5 percent share of all the traded commodities record/PAGE 11
Cagayan de Oro Lapasan Highway, Cagayan de Oro City
Motorela operators cry foul over new traffic regulations By MARK FRANCISCO, Staff Writer
THE organization of motorela owners and drivers in Cagayan de Oro has expressed concern the effort of the city government to have them sign a document that would ultimately lead to stiff penalties. It can be recalled that City Hall under administrator Teddy Sabuga-a announced that motorela operators must renew their numbering in the whole month of March with scheduled separate sessions for the Consolacion, Agora, Camaman-an and Macasandig routes. But Sonny Hinosolango, spokesperson of the Macasandig Operators and Drivers Association, said that during the renumbering event, each motorela operator was told to sign an oath of undertaking which stipulates that they should not ply beyond their specified routes. “Buot ba pasabot sayon-sayonon nami’g dakop ani puhon kay nakapirma kami niini,” Hinosolango rhetorically asked. “Dugang palas-unon nga kalbaryo ang lain-laing version sa mga bawal sama sa dapat foul/PAGE 11
Normin ECCP biz council rolls out draft calendar By MIKE BAÑOS, Editor-at-Large
THE newly organized Eu rop e a n C h a m b e r of the Philippine Northern Mindanao Business Council (ECCP-NM) will be actively implementing a monthly activity in pursuit of its mandate to provide stronger support for existing European businesses in Northern Mindanao and boost the promotion of local businesses in ASEAN countries and Europe. The council’s proposed 2nd Quarter calendar starts with the Paminahawa Ridge Hike & Tree Planting (April 21), followed a training workshop on Crisis Communication (May 23) and another training workshop on Professional
Presence and 2nd Quarter Business Council meeting (June 27). Food industry pioneer Mercedes Pelaez-Mejia was elected president of the fledgling council along with the other officers during the organizational meeting held 14 March 2018 at the Xavier Sports and Country Club in Cagayan de Oro City where they were briefed on the ECCP’s objectives and functions by ECCP Executive Director Florian Gottein and on the European Union’s Generalized System of Preferences (GSP) by Walter van Hattum, Head of the Economic & Trade Section, calendar/PAGE 11
LOBSTER. A raiser gathers lobster at an off-shore resort-farm in Hinatuan, Surigao del Sur. Lobster stocks are obtained from the wild, raised in cages, cooked and sold to tourists in this part of Caraga. photo by jun ayensa
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