BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 107
Market Indicators
As of 5:55 pm February 2, 2017 (thursday)
FOREX
PHISIX
US$1 = P49.78
7,225.91
X
2.6 cents
1.54
X
points
Briefly Farm scools TECHNICAL Education Skills and Development Authority (TESDA) announces its free technical vocational education and training (TVET) to farmers and fisherfolks and their families in accredited farm schools in Northern Mindanao during its launching of Program Accelerating Farm School Establishments (PAFSE) on 31 January 2017 in Cagayan de Oro City. As part of President Rodrigo Roa Duterte’s 10-Point Economic Agenda to promote rural value chain development, TESDA region 10 has partnered with Department of Agriculture – Agriculture Training Institute (DA-ATI) and Department of Agrarian Reform (DAR) region 10 to identify sites where possible farm schools can be established. According to TESDA Regional Director Edgar A. Sales, this program will assist the promotion of sustainable Agriculture and Fishery productivity and rural development, by providing access to TVET at the countryside through the farm schools.
Jap’s water techno A GROUP of executives from Yokohama, Japan-based private companies offered to share their technological expertise on water supply, wastewater and solid waste management to the city government of Cagayan de Oro on January 31. The participation of close to 20 Japanese entrepreneurs in a business matching seminar is part of Y-PORT Project. The Y-PORT Project is a project for international technical cooperation based on public-private partnership through the utilization of Yokohama’s resources and technologies. It aims to raise the brand value of Yokohama, a cosmopolitan city, and to promote the overseas expansion of private enterprises in the city.
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NGCP completes survey for Vis-Min grids linkage www.businessweekmindanao.com
Friday | February 3, 2017
P
OWER grid operator, the National Grid Corp. of the Philippines (NGCP), has announced the completion of a hydrographic survey that will determine the route that will link the power grids of Visayas and Mindanao.
VIS-MIN POWER LINK. Underwater power cable will link the VisayasMindanao grids by 2020.
“With this development, we now have a clearer plan on the project’s implementation. Power resource sharing among the country’s major islands will now become a reality,” the NGCP said in a news release issued Wednesday. Linking the power grids of Visayas
and Mindanao is part of the plan to unify the grids of both islands and Luzon. The Luzon and Visayas grids have long been connected through the Naga–Ormoc high-voltage direct current line. The survey, conducted from Sept. ngcp/PAGE 11
ARMM delegation pushes for open BIMP-EAGA trade By CARMELITO Q. FRANCISCO, Correspondent
FORCED EVACUATION. A person with disability (PWD) drives his trisikad carrying his son and some of his properties as he heeds the call of the City Disaster and Risk Reduction Management (CDRRMC) for pre-emptive evacuation as heavy rain flooded low-lying areas in Cagayan de Oro City on Saturday. PHOTO BY GERRY LEE GORIT
New EO meant to streamline approval for energy projects By MYRNA M. VELASCO, Contributor
THE Duterte administration’s economic team has started fleshing out the parameters of a proposed Executive Order (EO) that would streamline
approval processes for energy projects. Energy Secretary Alfonso G. Cusi said the proposal of declaring “energy projects to
BENJAMIN Cagampang used to sell his tablea (chocolate rounds) in his hometown
of Kalilangan, Bukidnon. His tablea is unique because it’s cubed in shape rather
and Brunei,” said Ishak V. Mastura, ARMM Regional Board of Investments chair who is heading the mission. Mr. Mastura said their delegation’s main task during the meeting, which will end today, is to look into all potential partnerships fore open trading. The Mindanao Development Authority (MinDA) earlier announced that cross-border trade between Mindanao and Malaysia, which the latter suspended last year, will resume by this month. The Malaysian trade/PAGE 11
be of national significance” had been calendared for discussion at the Cabinet last Friday. He said the Department of Energy (DOE) already energy/PAGE 11
Northern Mindanao farmers use online marketing to sell products By MARK FRANCISCO, Staff Writer
DAVAO C I T Y - - T h e Autonomous Region in Muslim Mindanao (ARMM) sent on Monday a team to the Brunei-Indonesia-MalaysiaPhilippines East ASEAN Growth Area (BIMP-EAGA) Strategic Planning Meeting in Jakarta, Indonesia to discuss open cross-border trading between the ARMM and the sub-region. “Most of our crossborder trade is with Sabah (in Malaysia) but the ARMM is committed to promote cross-b order t rade not just with Sabah but with all BIMP-EAGA countries, p a r t i c u l a r l y In d on e s i a
than the usual flat ones. But he was disappointed with his dwindling sales that he wanted to give up his small farmers/PAGE 11
STILL UNPAID. Babo Monera Andil stares into the distance from what used to be her sari-sari store in Barangay Tuka, Mamasapano, Maguindanao. She is still waiting for the Special Action Force of the Philippine National Police to pay her for the goods she said they took from her store on January 25 and 26, 2015 so she can pay her debts and restore her credit line. MindaNews photo by MANMAN DEJETO
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