BusinessWeek MINDANAO Best in Business and Economic Reporting Philippine Press Institute Civic Journalism Community Press Awards 2013
Volume V, No. 11
Market Indicators As of 5:54 pm July 1, 2014 (Tuesday)
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PHISIX
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Basic employment POOR families in barangays Lapasan and Puntod in Cagayan de Oro City identified as KapitBisig Laban sa KahirapanComprehensive Integrated Delivery of Social Service (KALAHI-CIDSS) beneficiaries got technical support from the Department of Labor and Employment (DOLE) – Western Misamis Oriental Provincial Field Office. Following the skills training and National Certificate II (NC II) test given by the Technical Education Skills Development Authority (TESDA), half a number of the 300 beneficiaries of the two pilot urban barangays have already submitted themselves to the Basic Employment Services (BES) modules of DOLE. The BES modules include among others Career Coaching which provided information on the priority degree courses for manpower supply until 2020; Entrepreneurship which tackles component topics on the identification, sourcing, organizing the required resources and starting a new business; and the Organization and Management which dealt on the right to organization.
Davao water project THE J.V. Angeles Construction Corporation (JVACC)-Aboitiz Equity Ventures, Inc. consortium has received the Notice of Award (NoA) from the Davao City Water District (DCWD) for the financing, design, construction and operations of the Tamugan Surface Water Developments Project. In a disclosure to the Philippine Stock Exchange, AEV said the JVACC-AEV Consortium will have to comply with the requirements in the NoA before the Joint Venture Agreement with DCWD can be executed. AEV had earlier entered into a Memorandum of Understanding with JVACC to supply treated bulk water to DCWD and to construct a water treatment facility powered by its own renewable energy source and the conveyance system needed to deliver treated bulk water to numerous DCWD delivery points.
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Mindanao being eyed as premier coffee hub T
HE Philippine Coffee Board Inc. (PCBI) eyes Mindanao to be the coffee hub of the country, PCBI officials said in an interview Tuesday.
PCBI co-chair Pacita U. Juan said this shift to Mindanao as the coffee hub for the country is pushed by increasing land value in Luzon particularly in areas of Cavite and Batangas provinces. “When land value is increasing, the crops should go to place where the land value is cheaper,” Juan said citing the southern Philippines offers lowest value of land. BOAT RIDE. A boatman pushes his motorized banca into the sea in Opol, Misamis Oriental for a leisure ride for which he charges P15 per person. mindanews photo by h . marcos c . mordeno
On Bangsamoro Basic Law
IPs getting ‘special treatment’ in the Bangsamoro territory (Part 4 of a Series) By BONG D. FABE, Correspondent
LIKE the Bangsamoro who are about to enjoy the full recognition—self-governance and self-determination—they fought for for decades, the indigenous peoples (IPs) living within the to be established new Bangsamoro territory will enjoy all the freedoms recognized by national and international laws/conventions in accordance to their unique
customs, traditions, beliefs and cultural identity. In recognition of their similarities, the IPs — who are kins of the Bangsamoro — get a sort of “special t re at m e nt” w it h i n t h e Bangsamoro territory: rights and freedoms that they have not yet fully exercise and enjoy at present on top of the rights and freedoms they are already enjoying.
The draft Bangsamoro Basic Law (BBL), as a general rule, adhere to the United Nations Declaration on the Rights of the Indigenous Peoples and fully recognize and protect the rights, customs and traditions, beliefs and cultures of the IP inhabitants bangsamoro/PAGE 10
Aside from the land value, farms in Cavite are now more utilized for other agricultural products like fruits; thus harvest of coffee beans in the said area is declining. “Benguet is already getting too much attention. We are now shifting it to the south,” she added. PCBI chair Nicholas A. Matti, likewise, noted that the potential of the coffee farms in Mindanao are not premier/PAGE 10
Alsons plans to build hydro, solar power projects A L S ON S C ons ol i d at e d Resources Inc. plans to build at least 180 megawatts of hydro- and solar-power c ap a c it y a s t h e ol d e st electricity generator in Mindanao adds renewables to its energy sources. The company is targeting around 160 megawatts of hydroelectric plants to be spread out mostly across Mindanao, Alsons Vice President Joseph Nocos said in an e-mail response to questions. It plans to build a 20-megawatt solar power
plant in General Santos City, also in the south, which may start operating by 2016, Alsons said. Alsons plans to more than double capacity to 573 megawatts by 2019 from 258 megawatts this year, Chief Financial Officer Luis Ymson said on June 10. Shares of the company rose 3.2 percent as of the no on break in Manila, poised for the biggest gain since June 11. The stock has risen 59 percent this year.-Bloomberg
Filinvest One Oasis completion is on time WHERE you live says more about you and what you want in life. Buying a home in downtown Cagayan de Oro these days has its many lifechanging considerations that Filinvest Land Inc. chooses to answer with urgency. The One Oasis CDO, the very first mid-rise condo development of Filinvest in Cagayan de Oro City, is filinvest/PAGE 11
Aerial view of One Oasis.
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