BusinessWeek Mindanao (June 6, 2018)

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BusinessWeek M I N DA N A O CREDIBLE

Volume VIII, No. 152

RELIABLE

IN-DEPTH

Wednesday|June 6, 2018

Market Indicators As of 6:00 pm JUNE 5, 2018 (MONDAY)

FOREX

PHISIX 7,579.61

X

3 cents

50.65

X

points

Briefly

Fruits for oil IN LINE with the Duterte administration’s move to extend relations with nontraditional partners, the country expressed intent to export fruits to Azerbaijan while looking at the Eurasian country as an alternative source of oil. Trade Secretary Ramon M. Lopez met with Azerbaijan Ambassador Tamerlan Garayev on May 31 to discuss trade opportunities between Baku and Manila. “Our meeting with Consul Garayev is part of President Rodrigo Duterte’s strategy to seek out nontraditional trading partners. We see a lot of complementation between our countries,” Mr. Lopez was quoted in a statement on Monday.

Agri exports THE agricultural sector needs to reach a point where supply is reliable and consistent before it can service the export market, food and export industry officials said. Roberto C. Amores, president of the Philippine Food Processors and Exporters Organization, Inc. (Philfoodex), said at the International Food Expo (IFEX) that achieving a surplus in produce is a prerequisite, not just by addressing the production side but also logistics. “You’ve seen (Agriculture Secretary Emmanuel F.) Piñol’s presentation, showing what can be done in order to improve our supply base directed towards selfsufficiency,” he said.

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CURIOUSITY. High school students on their way to the first day of the new school year, stop curiously at the makeshift camp of evacuees at Vicente de Lara Park, Capitol Compound in Cagayan de Oro City. The evacuees were caught in a crossfire between the military and the New People's Army (NPA) in the hinterlands of Lagonglong municipality. PHOTO BY MARK FRANCISCO

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More than 1M report for school in Normin MORE than a million elementary, junior high and senior high students reported to public schools in Northern Mindanao starting yesterday on the start of the new academic year which will last until March next year. (Private schools will start their classes a week later.) O f t h i s n u m b e r, 181,357 are from Cagayan de Oro City, according

to city schools division superintendent Dr. Jonathan dela Peña. Dela Peña reported that during the five-day long enrollment last week, the Department of Education (DepEd) was able to enroll 93,522 elementary, 35,978 junior high and 5,985 senior high students in the city. The private institutions had their Report/PAGE 11

Row over franchise in posh CdO estates Moresco vs Cepalco

By MARK FRANCISCO Staff Writer

THE City Council committee on public utilities is set to tackle a complaint by the Misamis Oriental – 1

Rural Electric Service Cooperative (Moresco-1) that it’s counterpart, the Cagayan Electric Power and Light Company (Cepalco), had encroached into their service area. Committee chair Councilor Teodulfo Lao said that Moresco-1 board president Agustin Caberte has posh/PAGE 11

BAKWIT. A mother feeds her son with only rice, Monday morning, as more than a hundred residents of Kamansi, Lagonglong town, Misamis Oriental, seek refuge within the Capitol grounds of the Province of Misamis Oriental in Cagayan de Oro City, following an encounter, last week, between the military and the New People's Army. PHOTO BY GERRY LEE GORIT

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