BusinessWeek Mindanao (July 22-23, 2015)

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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 011

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Market Indicators

As of 5:00 pm july 20, 2015 (monday)

FOREX

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US$1 = P45.25

3 cents

PHISIX 7,594.06

52.89 points

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Briefly 4Ps cards THE Department of Social Welfare and Development (DSWD) is warning beneficiaries of the Pantawid Pamilyang Pilipino Program (Pantawid Pamilya) against pawning of cash cards issued to them to receive grants for their children’s education and health needs. This warning was issued after the DSWD has received grievance reports of an alleged pawning among its program beneficiaries in some parts of Northern Mindanao. “We do not allow pawning of cash cards because it diverts the money to other expenses rather than to its sole purpose: for their children’s health and education,” Atty. Araceli Solamillo, DSWD Regional Director, says.

2014 ppi’S Best in ENVIRONMENTAL Reporting

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Wed-Thu | July 22-23, 2015

By MARK FRANCISCO, Staff Writer

ZAMIZ City – The Ozamiz Power Generation, Inc. is set to lay the groundworks for its ambitious 300-megawatt (MW) coal-fired power plant in Brgy. Pulot, Ozamiz City when it breaks ground by the end of next month, City Mayor Reynaldo O. Parojinog, Sr. said.

The new power plant will be developed in two phases -- the first involving two units with 100-MW capacity each and the second covering another 100-MW unit. The first phase is targeted for completion in 2017, while the second phase will follow a year after. power/PAGE 11

Reinforced Firebricks and Blocks-Making Project officerin-charge Elias Esgana explaining the benefits of the project to the environment. photo by bong d . fabe

Fly ash-reinforced blocks, firebricks, more economical and environment-friendly By BONG D. FABE

Fake rice DAVAO City -- The series of investigations looking into the reported fake rice yielded negative result. Speaking in the AFPPNP Press Corps briefing, Police Director Benjamin Magalong, chief of the Criminal Investigation and Detection Group revealed that only the sample from the rice initially reported as fake showed contaminant called dibutyl phthalate, a plasticizer used for manufacture of cosmetics. He said other rice samples taken from various markets in the city showed no irregularity. Magalong said a case conference on the alleged fake rice with the officials of the National Food Authority and law enforcement agencies like the National Bureau of Investigation, Bureau of Customs and the Criminal Investigation and Detection Group and the Police Regional Office 11 showed negative result based on the thorough investigation on the supply chain and the laboratory analysis conducted.

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MisOcc’s power plant ready to start in Aug. www.businessweekmindanao.com

LOAD AND PUSH. A porter delivers fresh vegetables to vendors at the public market in Malaybalay City. mindanews photo by h . marcos c . mordeno

VILLANUEVA, Misamis Oriental — “Akong ikagarantiya nga sulod sa unom ka tuig dili mapudpod ning among hollowblocks ug pavers bisan walay finishing.” Elias Esgana, 65, officerin-charge of the Reinforced Firebricks and BlocksMaking Project of the

Municipality of Villanueva, Misamis Oriental, made this strong pitch for his products touted to be environmentfriendly, the first of its kind in the Philippines. And as for its firebricks, the Project’s main product, Esgana guarantees that it is unlike any other bricks and blocks/PAGE 11

Laguindingan airport set to cater Ozamiz City eyed as tourism conduit for regions 10, 11 to flights from 2 Sokor cities By MARK FRANCISCO, Staff Writer

INTERNATIONAL flights are expected to finally commence at the Laguindingan International Airport in Misamis Oriental by the

fourth quarter of the year, according to the Northern Mindanao he ad of t he Department of Tourism (DoT).

Get your BWM Loyalty Card NOW for only P350.00 valid for one year, and avail of discounts to more than 150 participating business establishments.

DoT Region 10 Director Catalino E. Chan III announced last week that the Civil Aviation Authority of the Philippines (CAAP) is set to authorize flights flights/PAGE 11

By MARK D. FRANCISCO, Staff Writer

OZAMIZ City -- The Tourism Infrastructure and Enterprise Zone Authority (Tieza) is set to develop Misamis Occidental as a tourism conduit between Northern

Mindanao and Zamboanga Peninsula. Tieza general manager M a r k T. L a p i d t o l d BusinessWeek Mindanao that with the ongoing construction of Panguil Bay bridge and the ongoing expansion of the Labo Airport in Ozamiz, the entry of what he dubbed as integrated resorts here is expected in the next five years. “In an integrated resort, there will be a high-end shopping mall, a hotel, a casino, a golf course, amusement rides and tourism/PAGE 11

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


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