BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 005
X
Market Indicators
As of 6:13 pm july 7, 2015 (Tuesday)
FOREX
PHISIX
US$1 = P45.17
7,442.65
X
7 cents
X
12.50 points
Briefly Halal fest COTABATO City – The Autonomous Region in Muslim Mindanao (ARMM) will feature good governance initiatives on halal foods and other halalcertified products during the 1st Mindanao Halal Festival to be held at the Abreeza Mall in Davao City on July 15-16. The ARMM’s Department of Science and Technology, the lead agency in the HalalTechnical Working Group, will serve as over-all incharge in the promotion of the region’s halal-related policies. The two-day event will feature food, apparel, fashion accessories, foodprocessing techniques, and other products and services that are halal-certified. The festival will also provide entrepreneurs producing halal products new market opportunities. It will also “serve as a key focal point for education about the real halal practices, what it means and to improve business integrity through values perpetuated by truly halal role models,” a primer on the event noted.
www.businessweekmindanao.com
2014 ppi’S Best in ENVIRONMENTAL Reporting
Halal initiatives pushed Mindanao-wide Halal Festival set in Davao on July 15-16, 2015
By IRENE DOMINGO Staff Writer
G
Palace warns public against buying fake rice
The ARMM’s Department of Science and Technology, the lead agency in the HalalTechnical Working Group, will serve as over-all incharge in the promotion of the region’s halal-related halal/PAGE 11
MALACAÑANG warned the public on from buying fake rice which reportedly had found its way in Davao City. “Nananawagan po tayo sa mga mamamayan na maging maingat at bumili lamang ng bigas mula sa mga accredited at reliable na nagbebenta nito, ‘yun p o t a lagang authorized rice dealers o mga tindahan ng bigas na mayroong pahintulot ng NFA (National Food Authority) at sa mga awtoridad,” said Presidential Communications Operation Office Secretary Herminio Coloma Jr., in a warns/PAGE 11
OOD governance i n iti ati ve s on halal foods and other halal-certified products will be given emph asi s w h en th e Autonomous Region in Muslim Mindanao (ARMM) participates in the forthcoming 1st Mindanao Halal Festival to be held at the Abreeza Mall in Davao City on July 15-16.
NIGHTLY SHOE LANE. Prospective buyers inspect second-hand shoes for sale on a sidewalk in Malaybalay City on Monday evening. The display starts 6 p.m. and ends 8 p.m. as there are no more customers after this hour. mindanews photo by h . marcos c . mordeno
SPI’s program FREEs MisOr’s poor villages from darkness; gives them brighter future By BONG D. FABE, Contributing Editor
Indophil INDOPHIL Resources NL said a final agreement may be signed in the middle of July, allowing it to take control of the long-delayed $5.9-billion Tampakan copper-gold project in Mindanao from Glencore Plc. Indophil, previously listed in Australia until its takeover this year by the Philippines’ Alsons Group, would be able to start planning its next steps for the project once the agreement was signed, spokesman Gavan Collery said. “There are a number of conditions, notifications and actions that must take place before the anticipated mid-July formal signing of the agreement,” he said in an e-mail. Commodity trader Glencore announced the sale of its 62.5% interest in Tampakan operator Sagittarius Mines, Inc last week without providing details. Glencore had previously flagged it was reviewing the Tampakan project along with other greenfield projects elsewhere.
P15.00
Wed-Thu | July 8-9, 2015
CANADIAN ENVOY. His Excellency Ambassador Neil Reeder, Embassy of Canada to the Philippines, speaks at the Liceo de Cagayan University AVR on the CanadaPhilippines: 65 years of Dynamic Bilateral Relations, July 6. The talk was organized by the university’s College of Arts and Sciences students headed by the college dean Dr Fe S. Tolibas in cooperation with the university’s Internationalization Office headed by Dr. Teresita T. Tumapon. According to Ambassador Reeder, he sees more Canadian investments coming into the Philippines and strongly supports the current peace process. photo by shaun alejandrae yap uy
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.
FOR RESIDENTS in Sitio Kirahon in Barangay San Martin in the Municipality of Villanueva, Misamis Oriental province, living without electricity means living half their lives in the dark. And all activities literally grind to a halt once darkness falls since people relied only on the light from kerosene lamps. But even this necessity was considered a luxury because they would rather spend their hard-earned money on more important things than on kerosene or candle which strong winds
easily blew out. During Christmas, the celebration and festivities were considered “tame” because of the absence of twinkling multi-colored lights. Only the intermittent light from kerosene lamps sparsely lighting homes. But these all changed on December 2014, thanks to the Fostering Rural Electrification and Energization (FREE) Program of energy-firm STEAG State Power, Inc. (SPI). “For the first time in my life, we were able to celebrate Christmas complete
with Christmas lights last December,” said 57-year-old Emilia Lood. Nanay Emilia said she can no longer imagine living without electricity. “Dako kaayo ang kalainan sauna nga wala pay kuryente kumpara sa karon. Sauna, ngitngit kaayo, unya mapalong pa gyud ang spi/PAGE 11
ELECTRIC LIFE. Nanay Emilia and her husband posed at their small sari-sari (variety) store in Sitio Kirahon, San Martin, Villanueva, Misamis Oriental. photo by bong d . fabe
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776