BusinessWeek Mindanao (February 5, 2014)

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BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Volume IV, No. 60

Market Indicators

As of 5:50 pm feb. 04, 2014 (Tuesday)

FOREX

PHISIX

US$1 = P45.31

5,886.01 points

10 cents

X

X Briefly

129.29 points

Tourism devt DAVAO del Norte -- Davao del Norte has to further develop its destinations and believe in its tourism products to champion tourism. Speaking during the Monday Convocation, Davao Region Tourism Council Chairperson Mary Ann M. Montemayor posed the challenges citing these as main ingredients to champion tourism which last year hit a two billion mark in number of travellers worldwide. She believed that the province exerted efforts to further develop the tourism industry, saying it levelled up to become an ACE destination with its strength on agriculture, culture and ecotourism. Aside from having known Davao del Norte as the “legendary” source of bananas for export, Montemayor noted that the province took pride of its culture and heritage, its festivals and its world-class talents and music, while its rivers, caves, waterfalls make it a place for outdoor adventures.

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FREE TV CH. 21 SkyCable Ch. 16 | Global Destiny Ch. 28 Cablelink Ch. 14 | Cignal Ch. 10

Wednesday|February 5, 2014

P15.00

AS DELAY HAMPERS LAGUINDINGAN FACILITY

Govt urged to reopen old Lumbia airport A

By CHENG ORDONEZ, Associate Editor and GRACE BEBER, Staff Writer

MID reports that the deadline for the completion of Laguindingan Airport has been extended for five months due to the delay in the installation of its navigational facilities, a lawmaker called on the government to reopen the Lumbia airport to cushion the adverse impact of the delay to the business sector in the region. reopen/PAGE 7

LUMBIA AIRPORT. A Cebu Pacific plane lands at Lumbia airport before it was closed to commercial operations last year. It has since transformed into an airbase of the Philippine Air Force 15th Strike Wing. mindanews file photo by froilan gallardo

Power plant KORONADAL City -- A Korean engineering firm is interested in investing around US$90 million to build a 35-megawatt hydropower plant in Lake Sebu, this province. Roger Acosta, program manager of the Allah Valley Landscape Development Alliance (AVLDA) confirmed that officials of the DongJoo Engineering Co., Ltd (DJE) visited to province two week ago to explore the possibility of constructing an electric generation plant in Takbu River in Barangay Lamfugon, Lake Sebu. “They have yet to visit the actual area,” Acosta said, “but based on the data we provided, they have expressed willingness (to pursue the project). They are only waiting for the endorsement from the Sangguniang Panlalawigan.”

12:30 PM - 1:00 PM

HARVEST TIME. Farmers harvest rice in Barangay Midpapan, Pigcawayan, North Cotabato. Harvest season in this rice-producing town is between January and February. mindanews photo by keith bacongco

More growth ahead for Mindanao nears: Palace THE recent developments in the economy, the continuing efforts to rebuild the typhoondevastated areas in the Visayas and the successful peace process in Mindanao are indications of even greater achievements for the country, a Palace official said in a statement.

In a statement, Deputy presidential spokesperson Abigail Valte said the entire country welcomes the good news about the economy growing by 6.5 percent in the fourth quarter of 2013, which puts economic growth for the entire 2013 at 7.2 percent. growth/PAGE 7

Mindanao energy plan matches with dev’t corridors program EFFORTS to lay down a long- Development Framework term energy plan to ensure Plan. sustainable power regime “The Mindanao Energy for Mindanao could also prime the ground for spatial development initiatives being pursued under a corridors program, a top energy official said. Dir. Jesus Tamang of the Department of Energy (DoE) Energy Policy and Planning Bureau cited that the energy plan being crafted for the island strategically support the blueprint for development called the Mindanao 2020 Peace and

Plan (MEP) sets specific strategies in support of the energy/PAGE 7

Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

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