BusinessWeek Mindanao (July 8, 2016)

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Volume VII, No. 014

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Briefly Anflo City TAGUM City -- A city within a city. The Anflo Group of Companies will be developing the first Asian Agri-Tourism City in Panabo City. To be dubbed as Anflo City, the mixed used development project will be located in a 88-hectare lot in the city traversing barangays San Pedro and Cagangohan. Damosa Land Inc Vice President Ricardo Lagdameo bared that the central business district project will have spaces for residential, commercial, agri-tourism and education or institutional.

Bureaucratic streamlining HEADS of the offices and departments of Cagayan de Oro City government convened recently to discuss the plans of the local government. The strategic planning of the department heads of City Hall are based on Mayor Oscar Moreno’s way of governing the city known as bureaucratic streamlining. Moreno said that the streamlining of the offices in City Hall is significant in providing effective and high-quality public service to the people conforming to the principle on orderly governance. The administration’s big step is still centered on the outlook and direction of its 8-point agenda dubbed as Peace and Order Poverty Alleviation, Revenue Generation, Infrastructure, Metropolization, Education and Environment, Health and Hospital Services, Agricultural Productivity, and Traffic, Transportation and Tourism (PRIMEHEAT).

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Renewed biz confidence ups M’nao investments www.businessweekmindanao.com

Friday | July 8, 2016

By LILIAN C. MELLEJOR, Philippines News Agency

D

AVAO City -- The Bureau of Investments (BOI) is in a daze after a sudden rush in the number of businesses wanting to locate in Mindanao, particularly Davao with investment leads now amounting to a staggering P886.7 billion as of Monday.

END OF RAMADAN. A religious leader speaks before the Maranao community at the Don Gregorio Pelaez Sports Center in Cagayan de Oro City on Wednesday (July 6, 2016) to mark Eid’l Fit’r or end of Ramadan. MindaNews photo by Froilan Gallardo

This was disclosed by Gil Dureza of BOI in Mindanao, noting that the rush of investors started during the election period, but the surge was more notable after the polls. He said that for the month of June alone, Mindanao registered P799.81-billion investment leads. Of the total investment leads in Mindanao, Davao City cornered P6.3 billion, Dureza revealed.

This year, the BOI report showed that Mindanao investments leads in January captured P88 billion; February, P9.312 billion; March, P2.07 billion; April, P5.922 billion; and May, P1.645 billion. “We have not experienced this phenomenon before. The prospect of…yung negosyong pumapasok before nasa (the investments coming in before was within) 10 to 12 million,” renewed/PAGE 11

Pilipinas Shell unveils P6-B depot in CdO By MARK D. FRANCISCO, Staff Writer

THE new P6-billion depot of Pilipinas Shell Petroleum Corporation in Cagayan de Oro City will finally be inaugurated this July 19. Constructed since 2013, the facility is expected to accommodate petroleum imports consisting of motor gasoline, diesel and jet fuel with a total capacity of 170,000 cubic meters storage at any given time. T he proj e c t di re c t ly a d d re s s e s t h e g row i n g power and energy needs of the Visayas and Mindanao

regions, according to a press statement released by the company. It will serve as an additional source p oint of f u els t hat c an be distributed to smaller dep ots in t he are a and will increase local storage capacity for finished petroleum products. This new import facility in Northern Mindanao is expected to boost activity at t he Por t of C agayan de Oro after most of its cargo clientele have shifted operating at the nearby

Mindanao Container Terminal located in the adjacent municipality of Tagoloan, Misamis Oriental. Pilipinas Shell operates a refinery, 22 oil depots and over 960 retail stations nationwide. Its sole refinery blends and transports a range of fuels, lubricants, bitumen and other specialty oil-based products with a refining capacity of 93,000 barrels per day. Its sister company Shell Philippines Exploration B.V. operates the Malampaya deepwater gas-to-power project in Palawan.

LAST DAYS OF SUMMER, Tourists enjoy the turquoise-colored waters of Sugba Lagoon in Del Carmen, Siargao Island as the summer ends and the rainy season begins. This quite place has become a must-visit for every tourist in the island. To get here, one has to cruise through a vast expanse of mangroves. Photo by Roel N. Catoto

Coconut farmers tied Homegrown Geo Gas opens second outlet to traditional products By MARK FRANCISCO, Staff Writer

THE homegrown fuel distribution outlet Geo Gas has opened its second branch in Cagayan de Oro located along RN Pelaez Boulevard, Zone 1, in barangay Kauswagan. Geo Gas is owned by the Gordiel family. The first outlet was established on July 6, 2014 just near the family-owned Country Village Hotel in Villarin St., Carmen, this city. Exactly two years later, then chief operations officer Charmaine Gordiel decided outlet/PAGE 11

By ANTONIO L. COLINA IV, MindaNews

Geo Gas has opened Wednesday its second outlet in Brgy. Kauswagan, Cagayan de Oro City. PHOTO BY MARK FRANCISCO

DAVAO City -- Most coconut farmers are stuck to producing charcoal and copra and have not ventured into other food and non-food coco-based products that offer higher returns, an industry leader said Tuesday. Reynaldo Go, chair of the Davao Region Coconut Industry Cluster Inc. told

reporters that most farmers only take the meat and the shell and throw away the water and husk which could be sold, too. “They only know about copra and charcoal while the water is thrown away… The reason why they are converting their coconut farmers/PAGE 11

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