BusinessWeek MINDANAO
GOD IS GOOD
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 120
Market Indicators As of 6:00 pm april 4, 2016 (monday)
FOREX
PHISIX
US$1 = P46.017
7,254.53
4.8
X X Briefly
cents
9.4
points
Self-reliance THE Department of Agrarian Reform (DAR) recently conducted series of trainings on Self-Reliance and Financial Independence in General Santos City and in the nearby municipalities of Sarangani to help the farmers boost their managing skills. Provincial Agrarian Reform Officer II (PARPO ll) Felix C. Frias said that the training aims to strengthen the agrarian reform beneficiaries’ organizations (ARBOs) and help its members, the farmerbeneficiaries, increase their productivity and income. “Trainings su ch a s this would help the farmer beneficiaries understand the principles of managing personal resources and increase their ability to provide the necessities of life for oneself and one’s family members” PARPO ll Frias said.
Election optimism LOCAL share prices started the quarter on a positive note, closing marginally higher on Monday, as investors’ optimism mounts ahead of next month’s general elections. The benchmark Philippine Stock Exchange index (PSEi) snapped a two-day decline, losing 9.40 points, to 7,254.53 from Friday’s 7,245.13 finish. “The election cycle is one of the major reasons that underpin optimism in equities that has somehow been clouded over by external headwinds. But now that the headwinds have erased –even as some clouds remain above the horizon – we can feel the rays of optimism beginning to shine on the market,” said Justino Calaycay Jr., head of marketing and research at A&A Securities Inc.
2014 ppi’S Best in ENVIRONMENTAL Reporting
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PHILIPPIANS 4:13 I CAN DO ALL THIS THROUGH HIM WHO GIVES ME STRENGTH
Road map being drafted to boost banana industry By CARMELITO Q. FRANCISCO, Correspondent
A
COMPREHENSIVE road map for the banana industry will finally be drafted by the Department of Agriculture (DA), together with stakeholders, to address longstanding concerns and ensure the export product’s survival in the global market. The road map plan comes after a shipment of about 2,700 boxes to China was recently intercepted after being found to have pesticide residue levels higher than standard. A g r i c u l t u r e Undersecretary Emerson U. Palad, in a news conference here last week, said that even
before the drafting of the road map, the Bureau of Plant Industry (BPI) will look into the incident to check whether protocols were violated. “The audit team will start the audit on Monday (April 4),” Mr. Palad said. China has a 0.1 part per million (PPM) maximum Boost/PAGE 11
DOE beefs up teams to ensure power supply on May 9 elections
KAAMULAN FESTIVAL
KAAMULAN. A dancer performs during the street dancing competition, which culminates the Kaamulan Festival, at the capitol grounds in Malaybalay City on Friday, April 1. MindaNews photo by Keith Bacongco
By MYRNA VELASCO, Contributor
TO AVOID blackouts-marred outcome, the Department of Energy (DOE) has beefed up contingencies and even teams to ensure sufficient and reliable electricity supply and service during the May 9 polls. Energy Secretary Zenaida Y. Monsada said there are now two task forces sorting out issues relative to power supply during the election period – these are the Power
Task Force comprising of industry players and the Inter-Agency Task Force on Securing Energy Facilities.” In a briefing with reporters, Monsada similarly noted that around 220 megawatts of e mb e d d e d m o du l a r generating sets would be deployed – primarily in critical areas in Mindanao. She added that “various n at i on a l a g e n c i e s a n d power/PAGE 11
MALAYBALAY COWBOY. A cowboy prepares to catch a calf with a lasso during the Kaamulan rodeo contest in Malaybalay City. MindaNews photo by H. Marcos C. Mordeno
Public warned over proliferation Davao business chamber asks Sasa participants to withdraw of smuggled cigarettes in M’nao By CARMELITO Q. FRANCISCO, Correspondent
By BONG D. FABE, Contributing Editor
ILLEGAL cigarettes smuggled into the Philippines are now being sold cheaply in sari-sari stores all over Mindanao to the detriment of consumers and the local economy. Thes e smuggled cigarettes, manufactured in China, Indonesia, Malaysia and Cambodia based on the pack labels are Far Star, Fort, American Legend, Union, Navy and smuggled/PAGE 11
Authorities warn the public on the proliferation of smuggled cigarettes in Mindanao markets.
DAVAO City -- The Davao City Chamber of Commerce and Industry, Inc. (DCCCII) has called on the bidders for the P18.99-billion Sasa Port modernization to abandon the public-private partnership (PPP) project. “We hope the prospective bidders will be enlightened to withdraw [f rom the bidding process] just like what happened to the Laguna
proj e c t ,” s ai d D C C C I I President Bonifacio T. Tan, referring to the failed bidding of the P123-billion Laguna Lakeshore Expressway-Dike project. Mr. Tan said they are also hoping that the Department of Tr ans p or t at i on an d Communications (DoTC) will decide not to bid out the controversial seaport chamber/PAGE 11
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