BusinessWeek Mindanao (January 13, 2014)

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BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Volume IV, No. 49

Market Indicators As of 6:15 pm jan. 10, 2014 (Friday)

FOREX

PHISIX

US$1 = P44.71

5,842.88 points

3 cents

X

94.63 points

X

www.businessweekmindanao.com

COTABATO City -- Traders here welcomed the entry in the Autonomous Region in Muslim Mindanao (ARMM) of a Filipino-Malaysian oil firm as this was seen to improve the local business climate. Iron Blaze Petroleum Incorporated had been supplying the region with fuel from Sabah since December through the Port of Polloc, ARMM’s biggest and most modern seaport facilities in Maguindanao. Its operation has been covered with permits from the Department of Trade and Industry, the Bureau of Customs, the Department of Energy, and the Regional Board of Investments (RBOI) in the Autonomous Region in Muslim Mindanao.

Monday|January 13, 2014

T

Labor standard

Armm investors

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

P15.00

PH exports grow 19%

Briefly GENERAL Santos City -- Labor personnel here have adopted a new assessment system for local companies and other business establishments in a bid to strengthen the enforcement of various labor laws and policies in the area. Patricio Blanza, Department of Labor and Employment (DOLE) director here, said Friday they decided to implement the tripartite approach for its upcoming annual assessment of local establishments or employers to properly determine their compliance with the government’s labor standards. He said the new approach mainly shifts their enforcement strategy from the previous inspection to the assessment of employers. Instead of fielding labor inspectors, he said they will be assigning labor compliance officers to spearhead the assessment activities along with representatives from the company or business establishment and their employees’ union.

12:30 PM - 1:00 PM

MINDANAO EXPORT. High-grade tuna are among Mindanao’s top export products. The Philippines posted a 19% increase in exports last year with the electronic products contributing 44.6 percent overall. (www. travel-guide.com)

Power firm to develop nature park in Davao DAVAO City -- Aboitiz Power is developing a sprawling property in Davao City as a nature park which will serve as a biodiversity classroom. Located in the coastal barangay of Punta Dumalag, the 8-hectare seaside property was once the site of a vacation house for executives of the Davao Light Power Company, an Aboitiz company, and also

By KRIS M. CRISMUNDO Philippine News Agency

HE country’s export industry remain resilient amid global shakedown and despite domestic hiccup brought about by natural calamities.

Based on the data released by the National Statistics Office (NSO) on Friday, the Philippines’ merchandise export revenue in November 2013 increased by 18.9 percent reaching $4.292 billion from November 2012’s earning of $3.611 billion. ”The positive growth was mainly brought by the increase of the top ten commodities for the month,” NSO explained. January to November 2013 export revenue also grew by 2.6 percent to $49.376 billion from $48.129 billion earnings in the same period in 2012. However, on a monthly basis,

export revenue for November 2013 decreased by 14.6 percent from October 2013’s $5.026 billion. Electronic Products remain to be the top exported commodity of the country in November 2013, accounting for 44.6 percent of the total export while electronics export revenue increased by 10 percent to $1.914 billion compared to 2012’s same period of $1.741 billion. Other Manufactures come second with a share of $339.81 million earnings to the total export revenue. Woodcrafts and Furniture is the exports/PAGE 7

served as a training area for its linemen. Within its vicinity is the 37-hectare Marine Protected Area established by the City Government in 2007. The area is also known as the Pawikan Sanctuary as it was the nesting ground of sea turtles. The nesting site is located in the only white-sand power/PAGE 7

Coco by-products pushed By JASPER MARIE OBLINA-RUCAT Contributor

INSTEAD of focusing purely on selling the coconut itself, coconut farmers must find ways to invest on creating by-products of the coconut fruit or the tree to earn more. P h i l i p p i n e C o c o nu t Authority (PCA-10) Regional Manager Luis G. Cruz said during the press conference of the Kuyamis Festival held

at the Misamis Oriental Provincial Capitol Grounds that farmers are encouraged to produce by-products of the coconut to earn more. He cited that one farm in Misamis Oriental earns gross income of P40,000 a month by producing Coconut Sugar (Coco Sugar). This coco/PAGE 7

INTERACTIVE MUSEUM. A student scans a QR-coded picture that shows the flora and fauna of Davao Oriental during the opening of Subangan Museum in Mati City last week. mindanews photo by toto lozano

Tourism infra in Mindanao to get boost MATI City -- The Tourism Infrastructure Enterprise Zone Authority (TIEZA) is increasing its investments for tourism sites in Mindanao. This according to Mark

Mindanao Daily NEWS

Lapid Chief Operations Officer of TIEZA who visited Mati City yesterday (January 8) for the opening of the province’s Subangan Museum.

Lapid said that Mindanao will have an allocation of P300-million for TIEZA projects which is higher compared to last year’s tourism/PAGE 7

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