BusinessWeek Mindanao (January 30, 2015)

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BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 96

Market Indicators

As of 6:21 pm jan. 29, 2015 (thursday)

FOREX

PHISIX

US$1 = P44.10

7,617.30 points

2 cents

X

43.88

X

points

www.businessweekmindanao.com

SUNTRUST DAVAO CONDO PROJECT:

Megaworld sees P2B sales

Briefly

M

Land use plan CAGAYAN de Oro City has an updated Comprehensive Land Use Plan (CLUP). This, after the 17th City Council headed by vice mayor Caesar Ian E. Acenas during its regular session Monday passed Resolution No. 11914-2015, adopting the Cagayan de Oro City Comprehensive Land Use Plan for 2013 to 2022. The plan will serve as a guide for the city’s physical development. It aims to steer the city’s growth as the business and trading center of Southern Philippines and provide a framework of goals, objectives, strategies and actions required for achievement of the city’s future CdeO 2022, as cited in the CLUP. Chapter 3 lists specific goals of the city during the period such as the upliftment of the socioeconomic condition by empowering the citizenry for a safe, healthy and secured community, improvement of the quality of education, implementation of housing and urban development-related initiatives, promotion of skills development and technology transfer and values formation as well as livelihood opportunities.

By Leslie D. Venzon Philippine News Agency

EGAWORLD’S Suntrust Properties, Inc. is expecting at least P2 billion in sales from its 11.2-hectare residential condominium project located in Davao following the launch of a second tower this month.

PRDP projects COMPOSTELA Valley -- Around P350 million worth of projects for the Philippine Rural Development Program (PRDP) Sub-Projects is proposed to be implemented in Compostela Valley for 2015. ComVal expressed its commitment to participate in the PRDP and pursue a total of 11 I-BUILD Sub-Projects to be realized in the different municipalities of the province, seeking the support of Department of Agriculture (DA) to provide counterpart funds for the projects. Among the projects proposed for the PRDP include the rehabilitation of farm-to-market road (FMR) in Pangutusan, Nabunturan – New Alegria, Compostela (10,000m) worth PhP93 million; San Miguel – Kidawa FMR (2000 m) with bridge worth P36 million; and Nuevo Iloco, Mawab – Panibasan, Maco FMR (5000 m) worth P44.5 million. In Monkayo, also included is the rehabilitation of Purok 6 – Purok 15, Casoon FMR (6500 m) worth P71 million; Purok 7, Baylo FMR (1300 m) worth P13 million; and the construction of Hagimitan Hanging Bridge (120 ln. m) worth P7 million.

P15.00

Friday | January 30, 2015

The first tower of One Lakeshore Drive is now almost sold out, prompting the company to launch the next tower way ahead of schedule. “We are very happy with the overwhelming reception of Davaoeños to our first residential project in Davao Park District. Our experience is far beyond what we have expected,” said Harrison M. Paltongan, president,

Suntrust Properties, Inc., a 100‐percent owned subsidiary of Megaworld. One Lakeshore Drive is a four‐tower residential condominium cluster that will rise at the center of the township, right at the corner of Megaworld Avenue and Lakeshore Drive. “Megaworld is ramping up the masterplan of Davao Park District to make living, megaworld/PAGE 11

The artist’s rendition of the newly-launched second tower of One Lakeshore Drive condominium project of Suntrust Properties, Inc., subsidiary of Megaworld, in Davao City yesterday.

IP group hits Sen. Cayetano for ‘fanning anti-Moro sentiment’ By MINDANEWS

MALAYBALAY City -- An indigenous peoples’ alliance accused Senator Alan Peter Cayetano of fanning antiMoro sentiment and of being “painfully unversed in the intricacies of the peace problem in the country.” In a statement Thursday, t he Ka lipunan ng mga Katutubong Mamamayan ng Pilipinas (KAMP) said Cayetano’s reactions on the clash between Moro rebels and the Special Action Forces of the Philippine National Police stirred up “public

opinion against the Moro people.” Forty-four SAF operatives died Sunday in a clash with Moro rebels in Barangay Tukanalipao, Mamasapano town in Maguindanao. The policemen went to the area to arrest suspected terrorists Zulkifli Bin Hir alias “Marwan,” allegedly a member of the Jemaah Islamiyah, and Basit Usman of the Abu Sayyaf. KAMP also criticized C ay e t a n o’s w it h d r aw a l of co-sponsorship of the

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Bangsamoro Basic Law (BBL) on Tuesday, citing the MILF’s “lack of commitment, to peace, development, and the rule of law”. “ The senator must understand that the ‘rule of law’ inscribed in the Philippine constitution is not the basis of the peace talks. The peace talks should be based on the unity to address the root causes of insurgency that is necessary for a just and lasting peace. To demand to play by one side’s rules is a display of condescension which is unfruitful in the hit/PAGE 11

FALLEN POLICEMEN. Fellow police officers carry the caskets of slain policemen involved in the Mamasapano clash to be loaded into Philippine Air Force C-130 planes that will take them to Manila Thursday morning. mindanews photo by froilan gallardo

Steag cited for people development efforts THE People Management Association of the Philippines ( P M A P ) c it e d e n e rg y -

producer STEAG State Power Inc (SPI) for its relentless support to the organization’s plans and programs. PMAP national president Atty. Josephus Jimenez presented the award to Steag during PMAP’s annual national general membership meeting held at the Sofitel Philippine Plaza Hotel on January 28, 2015. Jimenez cited Steag’s commitment to the cause of developing and enhancing the competitiveness of the steag/PAGE 11

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