BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 105
Market Indicators As of 5:45 pm January 27, 2017 (friday)
FOREX
PHISIX
US$1 = P49.883
7,333.67
X X Briefly
18.8
1.03
cents
points
Miss U event not a holiday DAVAO City -- With a deluge of calls from the public regarding the possibility of a holiday on January 30 or the coronation day of Miss Universe 2017, the Palace said the day would remain a working day. Joey Sem Dalumpines, Information Officer III of the Philippine Information Agency Region-XI said he had received dozens of calls in the Davao regional office asking if January 30 has been declared as a holiday. The Philippine Information Agency offices in the regions receives official copies of proclamations on the declaration of holidays which are then disseminated to the public. Dalumpines advised the public not to believe reports of a Miss Universe holiday since there is no official proclamation.
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Gov’t eyeing Tawi-Tawi as economic free zones www.businessweekmindanao.com
Monday | January 30, 2017
By ANTONIO L. COLINA IV, MindaNews
M
INDANAO Development Authority (MinDA) chair Abdul Khayr Alonto has vowed that they will develop Tawi-Tawi as an economic free zone that will transform the island into an investment destination with a thriving tourism industry. A l o nt o s a i d d u r i n g “Wednesday’s at Habi at Kape” at the Abreeza of the Ayala Malls that he envisions TawiTawi as the “next Singapore,”
a nation branded as one of Asia’s miracle economies. “What we will be doing here will transform that part economic/PAGE 11
RESILIENCY. Residents near the Agusan River in Butuan learn to adapt to frequent flooding and took advantage of the rising waters by fishing instead.” Photo by Jun Ayensa
DepEd officials clash with Misor dads over condom
Farming bills THE House of Representatives’ committee on food security has approved the creation of a technical working group (TWG) that will consolidate various bills seeking to institutionalize urban farming. During the hearing, Rep. Leo Rafael Cueva (2nd District, Negros Occidental), committee chairman, commended Reps. Estrellita Suansing (1st District, Nueva Ecija), Michael Odylon Romero (Party-list, 1-PACMAN), and Harlin Neil Abayon III (Partylist, AANGAT TAYO), authors of House Bills 2818, 4354, and 4422, respectively, for filing the measures that aim “to achieve self-sufficiency in food production and ensure social and economic access of our people to available nutritious food in urban areas”. Cueva said the bills are relevant and necessary since urban agriculture is a priority legislative agenda of the Department of Agriculture (DA) under the Duterte administration.
IN-DEPTH
By MARK FRANCISCO
IT was supposed to be the Department of Health’s (DOH) chance to pitch its DELUGE. Claro M. Recto Avenue, Cagayan de Oro’s main “business unusual” strategy in storing thoroughfare, was once again submerged in waist-deep waters Saturday after the monsoon rain brought about by low pressure condoms at public schools in MIsamis Oriental. area (LPA) hit the city starting Friday evening.. (BWM Photo)
Alsons in talks with foreign investors on partnership deal for Sarangani plant By MYRNA M. VELASCO, Contributor
MAASIM, Sarangani – The power group of Alsons Consolidated Resources ,Inc. (ACR) is in talks with prospective multinational institutional investors for new partnership into the corporate vehicle of its 210-megawatt Sarangani coal-fired power plant. ACR Chairman Tomas I.
Alcantara told reporters that they jumpstarted negotiations with other parties following the decision of co-venturer Toyota Tsusho Corporation to just maintain its equity at the Sarangani Energy Corporation (SEC) at the level of 25 percent. “We are in talks with other groups – both foreign
investors and multinationals of local presence. They are more like institutional investors,” Alcantara said. He indicated this in a media briefing prior to the formal inauguration of the first block of the group’s $570-million Sarangani coal-fired power plant. This unit is of 105-MW capacity; while the second phase of alsons/PAGE 11
But DOH 10 director Nimfa Torizo was besieged by criticisms coming from both Vice Gov. Jose Mari Pelaez and the education sector during the deped/PAGE 11
SARANGANI POWER PLANT INAUGURATION: President Rodrigo Roa Duterte is joined by Energy Secretary Alfonso Cusi (second from right), Sarangani Energy Corporation (SEC) Chairman Thomas Alcantara (fourth from left) and top officials of the Japan’s JGC Corporation, SEC partner, as they hold the ‘Kagami Biraki’ or the Japanese traditional breaking of the sake barrel during the inauguration of the Sarangani Energy Corporation Power Plant (SECPP) Sections 1 and 2 at Barangay Kamanga in Maasim, Sarangani on January 26, 2017. (Malacañang photo)
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