BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 145
Market Indicators As of 5:10 pm june 2, 2016 (thursday)
FOREX
PHISIX
US$1 = P46.72
7,523.82
5.1
X X Briefly
cents
23.03 points
IP budget ARGUING that the Indigenous Peoples (IPs) are considered the most vulnerable in the country nowadays, the Regional Development Council in Davao Region (RDC-11) has called on the national government agencies (NGAs) to allocate one percent of their budget in 2017 for programs and projects that will be devoted to the said sector. The National Economic Development Authority in the region (NEDA-11) said the IPs require the prime attention of government considering that the said sector still find it difficult to access government services. NEDA-11 regional director Maria Lourdes Lim said the call is a policy initiative of the council that will be integrated in the RDC11 fiscal year 2017 budget preparation guidelines.
Energy education center DAVAO City -- In an effort to make energy education become more accessible to the public, the Therma South Inc. (TSI) recently established the Energy Education Center (EEC) inside its 75-hectare property at the 300-megawatt Davao Baseload Power Plant in Bunigao, Toril, Davao City. The EEC, which opened last month, features interactive and informative displays on the energy sector and the Aboitiz Power Incorporated (AP). “Through this center, we hope to impart better understanding and appreciation on the energy sector, the AboitizPower group, and the technology that the TSI plant is utilizing,” said Sebastian Arsenio Lacson, TSI President and Chief Operating Officer in a statement sent to the media.
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NEA lowers lending rates for power cooperatives
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By MYRNA VELASCO, Contributor
OV E R N M E N T- r u n Nat i o n a l Electrification Administration (NEA) has trimmed down the interest rates for credit facilities it has been extending to electric cooperatives.
This was concretized through a Board Resolution recently approved and issued via the agency’s Board Credit an d R i s k Man a ge m e nt Committee. It was noted that the policy reduces both the interest charges for long and shortterm loans being offered to
the ECs, hence, making it more affordable for them to tap into credit windows that will help bankroll their projects and facility upgrades. NEA said the decision was arrived at “in consideration of cost components, opportunity cost and cost of money as well nea/PAGE 11
Balay Mindanaw honors outstanding barangays THE search for the most outstanding barangays in the Visayas and Mindanao finally came to a close on Friday (May 27) when the best four among the best communities in the region were given due recognition in the first-ever Balay Mindanaw Awards at the Centrio Mall in Cagayan de Oro City. Barangay San Vicente of Sumilao, Bukidnon, Barangay Lawaan of Gingoog City, Barangay Tawagan of Cagwait,
Surigao del Sur, and Barangay Pagangan of Aleosan, North Cotabato shared the mostcoveted distinction as the “Most Outstanding Barangay” after emerging on top of their respective categories. Home to the highlyacclaimed Sumilao farmers, B a r a n g ay S a n Vi c e nt e outshone the rest of the finalists in the Kaangayan Category (for communities with exemplar y local honors/PAGE 11
GROUND BREAKING.. Cebu Landmasters chief executive officer Jose Soberano III, executive vice president Marose Soberano, chief operating officer and senior vice president Jose Franco Soberano, Mayor Oscar Moreno and investment partner Jun Borromeo. PHOTO BY CHELSEA BIEN
Oca: Mesaverte’s entry a boon to CDO By CHENG ORDOÑEZ, Executive Editor and MARK FRANCISCO, Lifestyle Editor, with a report from IRENE DAYO, Contributor
MAYOR Oscar Moreno yesterday hailed the entry of Mesaverte Residences, a new condominium at the heart of Cagayan de Oro, and personally welcomed executives of its developer Cebu Landmasters. Speaking during the groundbreaking rites in the morning along its site at Osmeña Extension, Moreno said that the decision of Cebu Landmasters to invest
here is a testament to the growing confidence of entrepreneurs of a sound business and political climate in the city. “Prior to their entry here, I’m sure they have come up with feasibility studies and have deliberated thoroughly before coming up with their decision. And I’m certainly happy that they have entrusted their trust on us. They could have
invested elsewhere but no, they decided to put up here,” Moreno told the audience during the ceremony which included Cebu Landmasters chief executive officer Jose Soberano III. It was learned that Mesaverte Residences is Cebu Landmasters’ biggest investment so far outside Visayas. Established in 2003, Cebu Landmasters boasts of 20 real estate developments in its folio. All of them are mesaverte/PAGE 11
NUJP: Media corruption not justification for killing By ANTONIO L. COLINA IV, MindaNews
Balay Mindanaw Foundation, Inc. (BMFI) Founder, President and Chairman Emeritus Charlito “Kaloy” Manlupig with some of the BMFI pioneers who supported his Vision and Mission when he founded the organization 20 years ago. These are (L-R) Paul Richard Paraguya, former BMFI executive director; Ayi Hernandez, former BMFI executive director and current president and CEO of the Global Mindanaw Agri-Ventures Corporation (G-MAV); current BMFI Executive Director Rochelle “Bibing” Mordeno; Mabel Loyola, head executive assistant to the DAR regional director; Archbishop Antonio J. Ledesma, S.J., D.D.; former DAR Assistant Secretary and Philippine Development Assistance Program (PDAP) Executive Director Jose Noel “Butch” Olano; Arthur Neame, former senior programme officer for Southeast Asia of Christian Aid; and Victor Gerardo “Gerry” Bulatao, member of the Board of Directors of the Landbank of the Philippines.
DAVAO City – The National Union of Journalists of the Philippines (NUJP ) said it does not gloss over the fact that corruption is among the most pressing problems faced by the media and that this could be a reason for a number of media killings but “it is one thing to recognize a possible reason for murder; it is a totally different thing to present this as a justification for taking life.”
The NUJP issued the statement in reaction to President-elect Rodrigo Duterte’s statement in a press conference Tuesday night that most of the journalists who were killed were corrupt. “Just because you’re a journalist, you’re not exempted from assassination if you’re a son of a bitch,” Duterte told reporters at the “Malacañang of the South” in response to a query on his
policy on media killings. The NUJP has listed 176 journalists killed since democracy was restored in the country in 1986. Duterte said freedom of e x pre s s i on an d t h e Constitution itself will not shield journalists f rom being the subject of killing if they took advantage of their profession to commit a wrong against another. “ Yo u r f r e e d o m o f expression cannot help you if nujp/PAGE 11
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