BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 012
X
Market Indicators
As of 5:00 pm july 23, 2015 (thursday)
FOREX
PHISIX
US$1 = P45.38
7,632.05
X
14 cents
3.57
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points
Briefly Market information THERE is a need to know on market requirements and trends to stay relevant in the export business. This was emphasized by the officials of Department of Trade and Industry (DTI) Export Marketing Bureau (EMB) during an interview on 22 July 2015 prior to their Philippine Export Competitiveness Program (PECP) Information Session in Cagayan de Oro City the following day. Agnes Perpetua R. Legaspi, assistant director of DTI-EMB said the Info Session will be a venue to meet present exporters and “would be” exporters to understand market requirements and the opportunities that await them.
CDO housing projects VARIOUS government agencies and sectors ensured their support in the realization of Cagayan de Oro City government to harmonize and develop the housing projects in the city. The agencies and groups that attended in the Housing Summit on June 21 include PAG-IBIG Fund, Archdiocese of Cagayan de Oro Social Action Center, Federation of Local Government Unit Homeowners’ Association, Subdivision and Housing Developers Association, Social Housing Finance Corporation and more. City Mayor Oscar Moreno hopes that the partnership of these agencies and sectors will be strengthened to attain development in this aspect. He is also thankful to the Shelter and Housing Multi-Sectoral Task Force headed by Ramon Fernandez in partnership with the Habitat for Humanity, Presidential Commission for the Urban Poor, Archdiocese of Cagayan de Oro and Xavier University who took the initiative in conducting such activity.
2014 ppi’S Best in ENVIRONMENTAL Reporting
Brownouts caused by low water levels www.businessweekmindanao.com
Fri-Sat | July 24-25, 2015
P15.00
By JUZEL L. DANGANAN, Philippine News Agency
M
INDANAO is gripped anew with rotating brownouts from 1-4 hours as water levels of the Agus-Pulangi dams plummet, the Mindanao Power Monitoring Committee (MPMC) said in a statement. ”Based on the latest monitoring of the MPMC, rotation brownouts for each Distribution Utilities and
Electric Cooperatives in Mindanao are averaging at one to four hours per feeder,” brownouts/PAGE 11
BDO completes buy-out of One Network Bank NO TO COAL POWER. Anti-coal marchers stop by GNPower in Kauswagan, Lanao del Norte, where a 540-megawatt coal plant owned by a subsidiary of Ayala Corp. is being constructed yesterday. The protesters started their 92-kilometer march from Maranding in Lala town, Lanao del Norte last Sunday and will end on Saturday in Kiwalan, Iligan City, where another 20-megawatt coal plant will also be built. mindanews photo by aubrey rocin llamas
‘Youth are talents waiting to be discovered’ – BMFI
ONE of the largest banks in Mindanao, One Network Bank Inc., has just been acquired by the Banco de Oro Unibank Inc. (BDO), also the largest bank in the country in terms of assets. The Sy-led BDO, in its disclosure with the Philippine
By BONG D. FABE, Contributing Editor
THE youth are so-called “roug h di amonds” just “waiting to be discovered” and polished to reveal their full value to nation-building. This was the message of both Mayor Oscar “Oca” S. Moreno and Balay Mindanaw Foundation, Inc. (BMFI) pi on e e r an d c h ai r m an emeritus Charlito “Kaloy” Z. Manlupig during the launching of the Leadership Communities (LeadCom
2015) at the Balay Mindanaw Peace Center recently. LeadCom, a program of Ayala Foundation that is being implemented in partnership with BMFI, CI Kagayhaan Gold, Ayala Young Leaders Alumni Association – Region 10, Ay a l a Bus ine ss C lub Cagayan de Oro, and the Local Government Unit of Cagayan de Oro, aims bmfi/PAGE 9
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Stock Exchange (PSE), said it acquired ONB through share swap with the former issuing 64.5 million common shares to shareholders of one of the country’s largest rural bank. “BD O Unibank, Inc. (BD O) has successfully buy-out/PAGE 11
LGUs urged to draft plans for cacao industry By CARMELITO Q. FRANCISCO Correspondent
SUMILAO BROOMS. On both sides of the national highway in Sumilao, Bukidnon are stalls selling what are referred to as “Baguio brooms.” Choose plain or those with handles marked “Sumilao, Bukidnon” in red, green, yellow and blue. These made-in-Sumilao brooms are sold at 40, 50 and 60 pesos. mindanews photo by carolyn o . arguillas
DAVAO C it y - - L o c a l government units (LGUs) in Mindanao have been urged to draft cacao development plans, particularly those involving intercropping with coconut, to avail of the Mindanao Development Authority (MinDA)’s soonto-be-launched cacao doubleup program. Under the double-up program, MinDA will provide counterpart cacao seedlings that will match the program of an LGU, with municipalitylevel programs the priority. “This double-up mechanism will allow the beneficiaries to increase areas (that will be intercropped),” Romeo M. Montenegro, MinDA public affairs head, told BusinessWeek Mindanao. cacao/PAGE 11
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