BusinessWeek MINDANAO Your daily business paper
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 107
Market Indicators As of 5:54 pm feb. 20, 2015 (friday)
FOREX
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US$1 = P44.24
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Trade bazaar DAVAO City -- Several heads of government agencies in Davao Region urged members of the National Association of Independent Travel Agencies in Davao Incorporated to continue the cooperation among themselves and government in pushing Davao Region as a tourist destination to ensure inclusive growth. The Naitas opened its tourism and trade bazaar at the Abreeza Mall from February 20 to 22 with the theme, “AgriTrade Tourism is life.” Ma. Belena Ambi, director of the Department of Trade and Industry 11 said travel agencies can maximize tourism, agriculture and trade in inviting people to come to the region. She assured the support of government to the tourism industry through the small-medium enterprise.
Production credit BUTUAN City -- The Department of Agrarian Reform (DAR) Agusan del Norte signed a Memorandum of Agreement (MOA) with the Land Bank of the Philippines Butuan Branch to approve the proposed “Rice Production” of Baleguian Organic Farmers Irrigator’s Association (BOFIA) in Jabonga under the DAR’s Agrarian Production Credit Program (APCP) in a ceremony held recently at BOFIA MultiPurpose Building in Baleguian, Jabonga, Agusan del Norte. BOFIA chairman Wenifredo Maldo lauded DAR for the opportunity in accessing credit with LBP under DAR-DA-APCP program. “We are thankful to DAR and its partner agencies for allowing us to avail its credit program. We are looking forward in doing our best to be a borrower with good standing with LBP,” chairman Maldo said. Beneficiaries Development and Coordinating Division (BDCD) officerin-charge chief CARPO Raul Hermoso urged the BOFIA members to pay diligently and make use of the loan to increase its income by improving productivity in the farms.
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M’nao’s peace crucial for Asean integration www.businessweekmindanao.com
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Monday | February 23, 2015
By KRIS M. CRISMUNDO
ETTLING down tensions and having peace in the southern islands of the Philippines is crucial for the country in the upcoming ASEAN integration as Mindanao is the country’s gateway to other Southeast Asian neighbors, Philippine Chamber of Commerce and Industry (PCCI) president Alfredo M. Yao told the Philippines News Agency. Yao said there are big economic prospects that has not yet explored in Mindanao,
which will play a significant role for the country once peace/PAGE 11
Davao, Sta. Cruz okay on 50-50 sharing of power plant taxes By CARMELITO Q. FRANCISCO, Correspondents
DAVAO City -- The city government here has agreed to equally share with the neighboring town of Sta.
Cruz a portion of the local business tax generated by Therma South Inc. (TSI) taxes/PAGE 11
WHITEWATER: Year round white water rafting is only possible at the Cagayan River of Cagayan de Oro City. (Photo courtesy of Red Rafts)
Dam proponent claims no adverse effect to CDO’s whitewater rafting By MIKE BAÑOS, Editor-at-Large
THERE will be no adverse effects to Cagayan de Oro’s white water rafting industry from a planned hydroelectric project which will dam the
Cagayan River’s flow. In fact, the BulanogBatang dam would rather enhance the industry by making white water rafting
possible during extreme weather with bigger and faster rapids upon request. This was the gist of a presentation made to the Cagayan de Oro City dam/PAGE 11
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