BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VII, No. 001
Market Indicators As of 5:45 pm june 7, 2016 (tuesday)
FOREX
PHISIX
US$1 = P46.187
7,710.54
5.4
X X Briefly
cents
112.32 points
One Lakeshore
2014 ppi’S Best in ENVIRONMENTAL Reporting Wednesday | June 8, 2016
By ANTONIO L. COLINA IV, MindaNews
D
Suntrust Properties, Inc., a wholly-owned subsidiary of tycoon Andrew L. Tan’s Megaworld Corp., hit P1 billion in sales for its One Lakeshore Drive condominium project from January to May this year. The four-tower residential complex will be located inside Megaworld’s 7.2-hectare Davao Park District township project. “We’re experiencing alltime high on sales for the year for One Lakeshore,” said Suntrust Assistant VicePresident Leonora P. Gutierrez said in an interview. She said units in Towers 1 and 2 are now almost sold out, while Towers 3 and 4 are “doing good” as well.
Pusan point CARAGA, Davao Oriental -- Another towering legacy of Davao Oriental Governor Corazon N. Malanyaon has just been opened to the public: The Pusan Point Science Discovery Center and EcoPark located at Barangay Santiago, municipality of Caraga. Pusan Point has earned its prominence at the start of the millennium as this was the place where the “First Millennium Sunrise” took place. It is where the sun shines first, a tagline adopted by Davao Oriental. It sits on a huge rock formation, 40 feet high from sea level fronting the Pacific Ocean.
P15.00
Duterte: PH to catch up with Asean neighbors www.businessweekmindanao.com
AVAO City — President-elect Rodrigo Duterte said the country must catch up with its neighbors in the Association of Southeast Asian Nations (ASEAN). He acknowledged that the Philippines needs to work on improving its production capacity because the country is very dependent on imported goods from the ASEAN neighbors, although he said
most of these agricultural commodities can actually be produced by Filipino farmers. In his “One love. One N a t i o n” t h a n k s g i v i n g par ty at the Cro co dile asean/PAGE 11
Mesaverte unveils showroom By MARK FRANCISCO, Staff Writer
SOAR HIGH. A worker paints a platform where a giant eagle made out of plastic flowers is currently on display inside a mall in Ecoland, Davao City. MindaNews photo by Toto Lozano
CDO to have Mindanao’s biggest hospital By MARK FRANCISCO, Staff Writer
A TEN-storey hospital, said to be the tallest in Mindanao, will soon rise at the heart of downtown Cagayan de Oro. D r. F e r d i n a n d D . Miranda, head of a local cons or tium w hich wi ll manage the hospital, said the groundbreaking of ACE Medical Center-Cagayan de Oro will be on Sunday, June 12, time for the 118th commemoration of the country’s independence. Mr. Miranda said the 300-bed hospital will be part of the larger Allied Care
Experts Group, a chain of hospitals founded 14 years ago by visionary physicianentrepreneur Amado C. Enriquez. M r. E n r i q u e z , a cardiovascular surgeon by profession, decided in 2002 that hospitals must be owned by medical professionals t hems elves. Thus ACE Medical Center Baypointe was born in Subic. Today there are eight ACE medical centers in operation including its Baypointe flagship. The others are
located in the cities of Quezon, Mandaluyong, Pasay, Pateros, Valenzuela, Malolos and in the municipality of Baliwag, Bulacan. Sixteen are either under construction or about to break ground. The Allied Care Experts Group business model is distinctive in such that it would invite physicians from the localities and become their investment partners. The ACE Medical Center Cagayan de Oro consortium is composed of 60 investors, 23 of them medical professionals based in Northern Mindanao. hospital/PAGE 11
MESAVERTE Residences, the first project of Cebu Landmasters in Cagayan de Oro, recently opened its showroom along Osmeña Extension. Introduced during the grand launch last year, Mesaverte Residences is a community composed of
three mid-rise condominiums soon to rise at the busy city metropolis. Cebu Landmasters chief operating officer Jose Franco Soberano admitted that it took them years to decide on this project. “We waited patiently and this mesaverte/PAGE 11
ABLUTION. A Muslim washes his face before entering a mosque along Quimpo, Boulevard, Davao City on June 6, 2016 to start the Holy month of Ramadan. MindaNews photo by Toto Lozano
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