BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 088
Market Indicators
As of 6:23 pm january 19, 2016 (tuesday)
FOREX
PHISIX
US$1 = P47.673
6,357.05
7.7
X X Briefly
cents
21.96 points
New campus ON its 10th year anniversary, the Little Me Academy has its ground breaking on 18 January 2016 for the new campus which soon to rise later this June in Cagayan de Oro City. The launching of the said campus also took place in the afternoon of the same day at Event Center, Centrio Mall which headed by Percival N. Olandesca and Ramonette L. Olandesca, founder of Little Me Academy joined by their partners and faculty staff. Little Me Academy, a school that is built for leading the young minds grow to become morally upright, academically excellent and socially responsible citizens was founded through the initiative and determination of the real life couple Percival N. Olandesca and Ramonette L. Olandesca on June 2006 giving assurance to the parents for the solid foundation for education through their tagline that says “Where your child reads at 3.
Agri-Pinoy MARAWI City -- The Department of Agriculture and Fisheries of the Autonomous Region in Muslim Mindanao (DAFARMM) will provide assistance to 64,271 farmers and 866 agriculture groups during the first quarter of 2016 under its Agri-Pinoy Program. Alexander Alonto, DAFARMM Secretary, said the department has already lined up its programs and projects for the entire year to empower farmers and farming communities in the region. “We assure all the farmers na kung ano man ang nakalineup for 2016, we will try our best na ma-implement namin sa lahat para makatulong sa kanila,” Sec. Alonto said.
2014 ppi’S Best in ENVIRONMENTAL Reporting
P15.00
NGCP yet to repair lines servicing to Agus plant www.businessweekmindanao.com
Wednesday | January 20, 2016
A
By MYRNA VELASCO, Contributor
s valuation issues remain unresolved with the landowner, the repair of a transmission facility underpinning the operation of Agus plant generating units still drags.
In the latest advisory to media, system operator National Grid Corporation of the Philippines (NGCP) indicated that it was still “denied access to tower 25 by the landowners who demand payment from TransC o
(National Transmission Corporation) of their decades old claim.” The company added “the dispute remains unresolved to this day.” The landowner is of the Sambitori family. repair/PAGE 7
JUMP. Foreigners jump off the rock at Magpupungko in Pilar town, Siargao Island, Surigao del Norte. Tourists love the tidal pools and rock formations in the area. mindanews photo by roel n . catoto
NFA: No fake rice in Cagayan de Oro By CRIS DIAZ, Contributing Editor
THE National Food Authority (NFA) on Monday belied insinuations of “fake rice” being sold in the local public markets in Cagayan de Oro City. Victoria Duray, NFA assistant regional director, issued the statement to dispel scary reports of alleged “fake rice” being sold in the city’s major public markets here. “We sent a team to check immediately the rice last Friday after the NFA received the report that “fake rice” is
being peddled here,” Duray said. She said that the team brought samples and cook the rice at the NFA regional office to ascertain its genuineness. “We later found out that the rice was, actually, genuine.” Duray added. She said that the NFA reg iona l of f ice is now equipped with a laboratory to examine rice the genuineness of the rice, a staple food in the country. The report about the scary
presence of imported “fake rice” being sold in the local public here started sometime in August last year, Duray said. She said that all the samples sent to Manila for laboratory examination later turned out to be genuine. “The NFA did not find a single case of face rice being sold in the market here,” Duray said. She said that the imported rice looks shiny that they are mistaken to be “plastics.” “These imported rice, rice/PAGE 7
Fraternal Order of Eagles incoming national president Louie Ceniza leads the out-taking of fellow officials during the induction ceremony held January 10, 2016 at the Royal Mandaya Hotel in Davao City. photo by rene arias
ARMM board approves P1.3-B oil palm project THE BOARD of Investments in the Autonomous Region in Muslim Mindanao (ARMM) said it approved on Friday a P1.3-billion oil palm investment, which is expected to create 1,000 new job. On Monday, the board said it registered the plantation
project of the Gintong Agri Corp., a Singaporeancontrolled company based in Maguindanao. “For its initial operation, Gintong Agri Corporation will develop a 5,000-hectare oil palm plantation in Datu project/PAGE 7
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776