BusinessWeek Mindanao (April 8, 2015)

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BusinessWeek MINDANAO Your daily business paper

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 137

Market Indicators

As of 6:00 pm apr. 7, 2015 (tuesday)

FOREX

PHISIX

US$1 = P44.45

8,122.83 points

X

6 cents

X Briefly 69.09 points

Job creation OVER A HUNDRED thousand additional jobs are expected to be created soon after the establishment of the Bangsamoro, providing an initial boost before the full effects of sustained economic development are felt by the residents of the future autonomous region, a member of the government peace panel said. Former Agriculture Secretary Senen C.Bacani said that the Autonomous Region in Muslim Mindanao more or less, registers P3 billion in investments per year which he expects to grow by as much five times once the proposed Bangsamoro is set up. He added that assuming that the Bangsamoro will receive P12 billion in incremental investment and P100,000 is invested per job, about 120,000 new jobs will be created.

Food security THE Department of Agriculture (DA) and the Hineleban Foundation conducted an ocular inspection, validation, and assessment to the selected groups of Indigenous Peoples (IPs) in the province of Bukidnon on March 17 – 19, 2015. Rodelio L. Saway, one of the leaders of Hineleban Foundation, said that the purpose of the visit is to inspect, validate, and assess the area for farming family food security model program of the Organic Agriculture Program. The model follows the Integrated and Diversified Organic Farming System (IDOFS) which is dedicated for the IPs of Bukidnon. He also added that there are representatives from the national and regional offices of DA through the Agri-Pinoy Programs of Corn/Cassava, Rice, and High Value Crops (HVC), Organic Agriculture Program (OAP), Bureau of Fisheries and Aquatic Resources (BFAR), Bureau of Plant Industry (BPI), Bureau of Soils and Water Management (BSWM), Philippine Fiber Industry Development Authority (PhilFIDA), and Agricultural Training Institute (ATI), to assess on what commodities to grow in the respective lands of the tribes.

P15.00

Power forum tackles privatization issues www.businessweekmindanao.com

Wednesday | April 8, 2015

T

By MIKE BAÑOS, Editor-at-Large

WO of Mindanao’s leading advocates for reliable and cheap electricity have joined hands to bring more t r a n s p a r e n c y to s o m e ap p a r e n t l y contradicting energy policies of government and proffer possible solutions acceptable to all stakeholders. The Integrated Institute of Electrical Engineers-Cagayan de Oro Chapter (IIEE-CdO) and the Mindanao Coalition of Power Consumers (MCPC)

NO. 1 TELECOM. Globe Telecom catapults to leadership in the Philippine telecommunications industry after posting record-breaking business results in its mobile business in 2014, resulting to dominance in postpaid and mobile data businesses in revenue market share, making the telco the number 1 mobile brand in the country. In photo are from (L-R) Globe Executive Vice President and Chief Operating Officer Gil Genio, Globe President and CEO Ernest Cu, and Globe Senior Vice President for Consumer Mobile Marketing Issa Cabreira.

Globe emerges as top PH telecom player ON t he strength of a remarkable company performance in 2014, Globe Telecom has established leadership in the Philippine mobile industry on multiple business fronts, making it

the Number One mobile brand in the country. “Against mounting odds, we maintained a defiant and fighting stance against a long-time industry giant to achieve a phenomenal

financial feat. From being a challenger brand, Globe has successfully waged a revolution in all fronts, from digital, technological and business, all the way to our top/PAGE 11

will bring the third edition of the Mindanao Power Forum as a side event of the 19th IIEE Northern Mindanao forum/PAGE 11

NGCP sets 10-hr blackout in 3 Mindanao provinces PAGADIAN City – The National Grid Corporation of the Philippines (NGCP) is set to implement a 10-hour blackout on Tuesday in three provinces in Mindanao to pave the way for maintenance works. Elizabeth Ladaga, NGCP information officer, said Monday the blackout, which is from 8 a.m. to 6 p.m., will

affect the power consumers of Z amboanga del Sur, Zamboanga del Norte and Lanao del Norte. Ladaga said the scheduled blackout is to facilitate the repair of defective structures along the 69-kilovolt (KV) transmission lines that traverse Molave and Mahayag towns in this province to ngcp/PAGE 11

Fish production up in Normin last year FISH production in Northern Mindanao grew by 1.08 percent in 2014 compared to the 156,520.11 metric tons (MT) produced in the previous year. All the three sectors of fish production posted positive performance

d u r i n g t h e y e a r, t h e National Economic and Development Authority (NEDA) reported. Aquaculture production, which accounted for 49 percent of the total fish production of the region, increased by 1.08 percent

from 76,802.50 MT in 2013 to 77,632.96 MT in 2014. Commercial and municipal fisheries, on the other hand, accounted for 23 percent and 28 percent of the total regional fish production, respectively. fish/PAGE 11

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


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