BusinessWeek Mindanao (June 15-16, 2015)

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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume V, No. 184

X

Market Indicators

As of 6:12 pm june 11, 2015 (thursday)

FOREX

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US$1 = P45.15

24 cents

PHISIX 7,503.72

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119.45 points

Briefly Shoebox project THE Department of Science and Technology (DOST) - Information and Communications Technology (ICT) Office Field Operations Office-Mindanao Cluster 2 (ICT Office FOO-MC2) participated in the Shoe Box Project initiated by the Cagayan de Oro (CDO) ICT Business Council. The shoebox (intended for one student) contains school supplies such as papers, pencils, crayons and other school-related items. The office donated a portion of the remaining number of required boxes to the Council. The ICT Council, which spearheaded the activity, made a second visit to Fr. William Masterson SJ Elementary School at Masterson Avenue, Xavier Heights, Upper Balulang, Cagayan de Oro City on 1 June 2015 for the distribution of the boxes.

BBL misconceptions MOST of the misconceptions about the proposed Bangsamoro Basic Law (BBL) was clarified during the Mindanao Peace Conversations held last week at Mindanao University of Science and Technology (MUST), Cagayan de Oro City. Undersecretary Maria Cleofe Gettie C. Sandoval of the Office of the Presidential Adviser on the Peace Process (OPAPP) said everything in the BBL is consistent to the 1987 Philippine Constitution. She said Article X, Section 15 of the 1987 Philippine Constitution provides for the creation of autonomous regions in Muslim Mindanao and in the Cordilleras consisting of provinces, cities, municipalities, and geographical areas sharing common and distinctive historical and cultural heritage, economic and social structures.

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2014 ppi’S Best in ENVIRONMENTAL Reporting Mon-Tue | June 15-16, 2015

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Plan B needed in case of power plants’ delay By CARMELITO Q. FRANCISCO, Correspondent

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HE Mindanao Development Authority (MinDA) said it will look into the contingency plans of electric cooperatives in the event of delays in power projects they plan to buy electricity from.

“(Cooperatives) must be flexible in securing contracts,” said Romeo M. Montenegro, investment and public affairs head of the agency, although he did not name the projects

NGO helps a community turn resilient for peace

TOBACCO NURSERY. A worker sprays water to freshly emerging tobacco seedlings in one of Philip Morris Fortune Tobacco Corp (PMFTC) nursery farms in Brgy. Patrocino, Claveria, Misamis Oriental. The company has poured an initial $50-million investment in the area for its state-of-the-art curing barns and tobacco greenhouses. An agriculture-rich landlocked town east of Misamis Oriental, Claveria is the only second place in the world where high quality Virginia tobacco are grown twice each year. photo by shaun alejandrae yap uy

HIMUGSO HERITAGE FEATURE

By BONG FABE Contributing Editor

Kagay-an, the historical name of Cagayan de Oro By MIKE BAÑOS, Editor-at-Large

KAGAY-AN is a word that directly relates to the city’s culture, history and people, who call themselves Kagayanons.

Cagayan has ALWAYS been pronounced by lumad Kagay-anons as Kagay-an. In fact, nobody says Kagayanon see full story/PAGE 5

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or the cooperatives that are in this situation. The agency plans to meet with officials of the Association of Mindanao plan b/PAGE 11

MAGNIFICENT RIVER. A magnificent view of the Cagayan River by Carlo Antonio Romero M.D. Often erroneously referred to as the “Cagayan de Oro” River.” Cartographers and historians alike refer to it as the “Cagayan River” and nowhere can a “Cagayan de Oro River” be found in legal documents and maps of Cagayan de Oro City. photo courtesy of carlo anotonio romero , md

BAN-AO, Baganga, Davao Or ient a l—“Why do we do disaster response and recovery? Because that is part of our peacebuilding work!” Institutionalizing its disaster response and recovery efforts as part of its “main” work of peacebuilding, the Balay Mindanaw Foundation, Inc. (BMFI) has established a unit it called DR3AM or Disaster Risk Reduction, Resiliency-building and Emergenc y Assistance Mission, complete with a six-wheeler wing van, a warehouse, and a DREAMhouse. While many secretly sneered at this so-called “ambitious program” initiated helps/PAGE 11

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