BusinessWeek MINDANAO
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Volume IV, No. 32
Market Indicators
As of 5:57 pm Dec. 11, 2013 (Wednesday)
FOREX
PHISIX
US$1 = P44.12
5,888.74 points
17 cents
X X Briefly 2.34 points
Diskwento Caravan THE Department of Trade and Industry Misamis Oriental Provincial Office (DTI-MOR) invites all buying consumers on a two-day Pre-Christmas Diskwento Caravan. The two-day caravan set on December 13 to 14, Friday and Saturday at Magsaysay Park Divisoria this city is aimed to provide financial relief to consumers in their holiday needs especially during this yuletide season. DTI Provincial Director Maria Eliza A. Pabillore said that the P569,651.88 sales generated from the past two Diskwento Caravans launched this year by DTI-MOR and Regional Tripartite Wages Productivity Board region 10 (RTWPB-X) proved that the event was a huge hit to the buying public both locals and visitors alike. The Diskwento Caravan can assure consumers with unique and affordable premium offers such buy one take one and deep discount slashes ranging from 10-50% off on basic and prime commodities like Noche Buena products, rice, cooking oil, bread, canned goods, processed meat, detergent bars, soaps and shampoos, school supplies, bags, shoes and many more.
Productivity bonus THE Cagayan de Oro City Council here on Wednesday approved the payment of Productivity Enhancement Incentive (PEI) to more than 3,000 city hall workers before the Christmas on December 24. City Councilor Ramon Tabor said that the city council approved Ordinance No. 12697 granting PEI to city hall officials and employees equivalent to their one-month salaries. He said that another ordinance, Ordinance No. 12699 also allowed the granting of P 8,000 incentives for Job Order and Contractual employees at the city hall. Tabor said that the contract workers also deserve Christmas bonuses as determined by the City Council because the job order and contractual workers also render services.
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More economic integration seen DAVAO City -- Greater economic integration among countries in light of free trade agreements is seen as the Regional Comprehensive Economic Partnership (RCEP) enters its third and final negotiation next year. Rafaelita Castro, Doing Business in Free Trade Areas (DBFTA) program manager, also chief of the Bureau of Export Trade Promotion of the Department of Industr y (DTI), said the third and last negotiations for RCEP signals the reality that “Free Trade Agreements are here to stay.” The RCEP is a 16-party Free Trade Agreement that was launched by the leaders of the Association of Southeast Asia Nation and their current FTA Partners of Australia, China, India, Japan, Korea and New Zealand. She said the RCEP aside from l e a d i n g t o g re at e r e c on om i c integration it would also support equitable economic development and strengthen economic cooperation among the countries involved. She said the first and second round of negotiations for RCEP were just finished. Wit h t he t hird negotiation slated next year, implementation is targeted by 2015. She said more market accessibility for Philippine products would highlight the third and final RCEP negotiations. Castro said the Philippines in terms of export products is strong in furniture and agriculture products. The RCEP initiative was announced by the ASEAN leaders in Nov. 2011 during the 19th ASEAN Summit. The leaders established the RCEP as an ASEAN-led process through which ASEAN would broaden and deepen its economic engagements with its FTA partners. (PNA)
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Biz group defers support for coal plant expansion
D
AVAO City (MindaNews) — The Mindanao Business Council (MBC) will defer its support for Therma South’s plan of expanding its coalfired power plant project from 300 megawatts (MW) to 645 MW pending the completion of a thermal pollution assessment, an official said.
MBC president Vicente Lao told reporters Monday it was still uncertain if the expansion would not
adversely affect the environment, especially the Davao Gulf. Therma South, an Aboitiz
subsidiary, is currently applying for the expansion at the Davao City Council, which had set a committee hearing this week. Last week, Vice Mayor Paolo Z. Duterte said the city council would probably approve the application if it could meet environmental standards. He specifically cited measures that would mitigate carbon emission. coal/PAGE 11
HOMELESS ON CHRISTMAS. A young boy sleeps near the Christmas lights in Divisoria in Cagayan de Oro City. mindanews photo by froilan gallardo
PH to continue fishing in tuna-rich high seas Malaybalay wants T H E P h i l i p p i n e s w i l l “The good news is that we ECC process continue its fishing access were able to negotiate for our to tuna-rich high seas pocket country’s continuous access to start at LGU 1 (HSP1) for three years to the high seas pocket 1,”
Workers haul tuna from a fishing boat at the General Santos fish port. file photo by mindanews
following a decision made by the Tuna Commission during the 10th Regular Session of the Commission for the Conservation and Man a g e m e nt of Hi g h l y Migratory Fish Stocks in the Western and Central Pacific Ocean (WCPFC) in Cairn, Australia.
said BFAR director Asis G. Perez who was part of the Philippine delegation who attended the five-day WCPFC convention last week. This continued fishing access is a result of the Philippines’ commitment to ensuring long-term tuna/PAGE 11
Mindanao Daily NEWS
By WALTER I. BALANE MindaNews
MALAYBALAY City – Companies should comply with requirements set by local government units, including social acceptability, before they may be granted environmental compliance certificates (ECC) by the Department of Environment process/PAGE 11
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