BusinessWeek MINDANAO
GOD IS GOOD
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 119
Market Indicators As of 6:01 pm april 1, 2016 (friday)
FOREX
PHISIX
US$1 = P46.06
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Briefly Port expansion THE PHILIPPINE Ports Authority (PPA) said it issued invitations for P363 million worth of port expansion and building projects. The projects include an operations building at the Port of Nasipit in Agusan del Norte worth P53.32 million; a backup area, wharf extension, and lighting system for the Port of Casiguran, Aurora, valued at P66.30 million; and a back-up area and ramp at the Port of Catagbacan in Loon, Bohol, with a budget of P243.67 million. The proposed operations building has a floor area of 1,956.35 square meters (sqm) at Nasipit, the largest port in Agusan del Norte and a secondary shipping hub for Cagayan de Oro at times of congestion.
Fast growth THE Philippine economy can grow faster by integrating manufacturing, agriculture and the services sectors. Department Trade and Industry (DTI) Undersecretary for Industry Development Ceferino Rodolfo called on industry players and stakeholders in both government and the private sector to continue to collaborate in the implementation of the Comprehensive National Industry Strategy (CNIS). The CNIS details the country’s overall industrial development strategy that links the manufacturing sector with agriculture and services sectors. “So far we have achieved great strides in the development of industries because of close collaboration with stakeholders,” Rodolfo said.
2014 ppi’S Best in ENVIRONMENTAL Reporting
PHILIPPIANS 4:13 I CAN DO ALL THIS THROUGH HIM WHO GIVES ME STRENGTH
El Niño brings down employment in R-10 www.businessweekmindanao.com
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Monday | April 4, 2016
By MARK D. FRANCISCO, Staff Writer
HE massive drought brought about by the El Niño phenomenon has significantly dragged down employment in Northern Mindanao by 13% last year as compared to year-ago level, the National Economic and Development Authority in Region 10 (NEDA-10) reported. The region’s agriculture sector, which makes up about 23% of the regional economy, has been declining due to the dry weather brought
about by El Niño, NEDA-10 chief economic development specialist Cecilio Y. Clarete said. down/PAGE 11
Dads tackle sale of ‘sin products’ in school premises By CRIS DIAZ, Contributing Editor
THE Cagayan de Oro City Council on Friday tackled plaints about the sale of “sin products” within the school premises here.
City Councilor Adrian Barba, chair of the council committee on education, said that the issue involved school/PAGE 11
P15.00
Oro Chamber eyed as partner for Germany’s tech-voc trainings By MARK D. FRANCISCO Staff Writer
THE Philippine Chamber of Commerce and Industry (PCCI) is wooing Oro Chamber to be one of the local partners of a grant by a consortium of seven German-affiliated entities who are funding tech-voc trainings nationwide. PCCI representative Antonio L. Sayo echoed this call during the 2016 first quarter meeting of Oro Chamber last Thursday at Limketkai Luxe Hotel. Sayo is currently the chair of the TVET committee of PCCI. In his speech, Mr. Sayo said that the German entities will sponsor TVET trainings to s enior hig h s cho ol student-beneficiaries and partner/PAGE 11
Globe President and CEO Ernest Cu
Philippine Chamber of Commerce and Industry (PCCI) TVET committee chair Antonio L. Sayo drives a point during his presentation at Oro Chamber’s first quarter meeting for the year last Thursday.
Globe eyes superfast internet connection nationwide by 2020 GLOBE Telecom has vowed to provide fast internet connection of up to 10 Megabits in 2 million homes in the country by 2020 with the deployment of fiber optic cables in 20,000 barangays nationwide. This is part of the company’s blueprint that
will be laid down starting this year as the bulk of the $750 million capital expenditure allocated for 2016 will be earmarked for this project, said Globe President and CEO Ernest Cu. G l o b e Te l e c o m will build the telecom infrastructure in 5 years
and will extend network coverage to more areas that currently do not have connection or spotty service. “Data access is one of the important drivers of economic competitiveness and growth. We need to create globe/PAGE 11
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