BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 92
Market Indicators
As of 6:21 pm jan. 20, 2015 (tuesday)
FOREX
PHISIX
US$1 = P44.61
7,452.81 points
6 cents
X
X Briefly 32.51 points
High MSMEs financing TAGUM City -- The Department of Trade and Industry in Davao del Norte acquired the highest number of micro, small and medium enterprises (MSME) facilitated for financing, among other provinces in the region. Romeo Castañaga, provincial director of the DTI Davao del Norte, revealed in an interview that through their efforts in reaching out with the business sector, they have not only surpassed their target for 2014 but also topped other provinces in its access to finance program. According to the DTI report, 159 MSMEs in the province accessed a total of around P 18.33-million loan through their partner agencies. The identified partners were Small Business Corporation (SBC), Bank of Makati (BoM), Land Bank of the Philippines (LBP), Saint Mary’s College – Business Resource Center, Babak Market Vendors Association and Panabo Business Center Multi-Purpose Cooperative.
Milk feeding MAMBAJAO, Camiguin – More children get daily supply of fresh milk here after a government subsidized dairy farm was established in 2013. It started with 25 cows, and 19 of these animals are now on the milking line supplying at least 150 liters of milk a day. All identified severely wasted children in the public schools around province, are now getting their daily share of fresh cow’s milk; the program runs for about 120 days and will continue to reach other children needing immediate nutrition intervention. To date, some 252 school children have been served. The local government also extends regular milk distribution/feeding activities during public assemblies, events, and celebrations.
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Wednesday | January 21, 2015
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LTFRB issues lower fare rates in Cag. de Oro City T
By AIDA RAUT, Philippine News Agency
HE Land Transportation Franchising and Regulatory Board (LTFRB) here on Tuesday issued a new fare rates as prices of fuel continue to sink.
Mandangan Darimbang, regional LTFRB director in Northern Mindanao, said that all passenger jeepneys and taxi cabs could now get the matrix of the new fare rates at the LTFRB regional
office here. He said that the newly adjusted fare rates for public utility jitneys (PUJ) from P 7.50 to P 7.00 minimum fare and for taxi cabs from P 40 to P 30 flag down rate.
Darimbang said that the adjusted fare rates were in response to the joint petition of the Taxi Drivers Association and the PUJ transport groups asking the LTFRB to adjust the minimum fare rates as the prices of fuel continue to plunge to its lowest level this week. Prices of gasoline have gone down to its lowest level at P 38.00 per liter while the prices of diesel sink at a ltfrb/PAGE 10
LOWER FARE RATES. As oil prices continue to slide down, the Land Transportation Franchising and Regulatory Board has issued a new fare matrix for Cagayan de Oro City. file photo
PCA embarks on massive coconut growing project By MARK FRANCISCO
THE Philippine Coconut Authority (PCA) is embarking on a massive coconut growing project in Misamis Oriental. Timed with the 2nd Kuy am is Fe st iv a l 2 0 1 5 celebration this week w it h ku y a m i s b e i n g a coconut variety, PCA 10
wi l l implement a P50million Japan International Cooperation Agency (JICA) project to put this program in motion. According to PCA 10 manager Luis Cruz, the agency also has an existing pca/PAGE 10
Steag kicks off year with inspiring safety, health and environmental performance VILLANUEVA, Misamis O r i e nt a l – E l e c t r i c i t y pro ducer STEAG St ate Power Inc (SPI) kicks off the new year with a sterling performance on safety, health and environment protection
after hitting four million safe man hours with zero lost time due to accident last 7 January 2015. SPI also sets-off to level up its strong commitment steag/PAGE 10
COVENANT. Senior Supt. Alexander Camilon Tagum (left) and officers of the PNP CIDG 10 lay their hands on the table with 4th Infantry Division spokesperson Maj. Christian Uy at the Archbishop’s Residence in Cagayan de Oro City as they vow to help any journalists facing threats. The covenant signing came after a dialogue between members of the Cagayan de Oro press and the police over recent threats received by DXIF Bombo Radyo over commentaries on extra-judicial killings allegedly committed by policemen. mindanews photo by froilan gallardo
Primavera offers discount on condotel rates for BWM Loyalty Cardholders PRIMAVERA Residences has joined the long list of partner establishments under BusinessWeek Mindanao’s loyalty program. BWM Loyalty Card holders can now avail of 10% discount on published rental rates for its 2-bedroom, 1-bedroom, and studio units, for short term and long term stay. BusinessWeek Mindanao Loyalty primavera/PAGE 10
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