BusinessWeek MINDANAO Your daily business paper
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 124
Market Indicators
As of 6:23 pm Mar. 17, 2015 (tuesday)
FOREX
PHISIX
US$1 = P44.55
7,789.10 points
16 cents
X
X Briefly 58.15 points
Fortified rice hub NABUNTURAN, Compostela Valley -- With the iRice Ordinance anticipated to be put into effect soon in the province, Compostela Valley was chosen by the Food and Nutrition Research Institute (FNRI) of the Department of Science and Technlogy (DOST) to be the first hub of the country’s nationwide implementation of the Iron Fortified Rice. This was confirmed by FNRIDOST Senior Science Research Specialist Marcela C. Saises and FNRI Assistant Scientist and Food Fortification Program Leader Dr. Imelda Angeles-Agdeppa on March 11 during the Multi Sectoral Public Hearing of the Proposed ComVal iRice Ordinance at the Sangguniang Panlalawigan (SP) Session Hall. The proposed iRice Ordinance aims to push for initiatives to reduce the number of Comvalenyos with Iron Deficiency Anemia (IDA) due to lack of daily iron intake.
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MinDA, Korean university sign MOU for Safe Cities T
By CHENG ORDONEZ, Associate Editor and MIKE BAÑOS, Editor-at-Large
HE Mindanao Development Authority ( M i n DA ) a n d S e o u l Na t i o n a l University of Science and Technology (SEOULTECH) signed a Memorandum of Understanding, Tuesday (March 17), both pledging support initiatives geared toward urban planning with highlights on climateproof development, at Koresco Hotel, here. Signatories to the MOU were Secretary Luwalhati A nt o n i n o, c h a i r p e r s o n of MinDA, and Dr. Park B y u n g G y u , d i r e c t o r, Office of External Affairs and Cooperation of Seoul Nat i o n a l Un i v e r s i t y o f S cience and Technolog y based in Nowon-gu, S e ou l, S out h Kore a. Sec. Antonino pledged to support the initiatives
of SE OU LT E C H , funded through the Korea International Cooperation Agency (KOICA), on the c o n d u c t o f a d i s a s t e rresilience pilot study and prep arat ion of climateproof urban plan for the Province of Misamis Oriental, Cagayan de Oro, Iligan and nearby areas. sign/PAGE 9
El Nino TANDAG City -- The Office of the Provincial Agriculturist (OPAg) in Surigao del Sur has already started to lay out preparations for the possible effect of “El Niño.” Marcos Quico, chief agriculturist here, said the Department of Agriculture Regional Field Office (DA-RFO) in Caraga headed by Director Edna Mabeza has even requested on March 11, 2015 for the “list of area” that might be at risk. “The DA-RFO XIII is now preparing mitigation for the possible occurrence of weak El Niño in our region. Requesting you to submit your respective list of area possibly be affected including operational/non operational NIA Water Service Station,” so went the fax message appearing in bold print.
Wednesday | March 18, 2015
MOA ON SAFE CITIES. Dr. Park Byung Gyu (left)director, Office of External Affairs and Cooperation of Seoul National University of Science and Technology and Secretary Luwalhati Antonino, chairperson of MinDA sign a Memorandum of Understanding for a pilot study on developing Safe Cities in the Philippines, yesterday at Koresco Hotel, Cagayan de Oro City. (photo by Mike Baños, NPN)
HARVEST TIME. A farmer in Linangkob, Kidapawan City hauls newly harvested rice. Kidapawan and other parts of Mindanao have been hit by a dry spell. mindanews photo by geonarri solmerano
Misor industries hailed Filinvest Land 2014 for best labor practices earnings up by 16% VILLANUEVA, Misamis Oriental -- Department of Labor and Employment (D OLE) cited p owerproducer STEAG State Power Inc. (SPI) and other industry locators at the PHIVIDEC Industrial Estate in Misamis Oriental for responsible labor practices and for distinctly being proactive in voluntarily complying with the country’s labor standards and codes of best practices. Labor Secretary Rosalinda Baldoz conferred the DOLE Certificate of Compliance to Steag and other Phividec locators during the recent
launch and declaration of PIE-MO as Labor Laws Compliant Economic Zone. Secretary Baldoz said that the award is an affirmation of DOLE’s recognition of the companies’ adherence to the general labor standards, occupational safety and health performance, and good labor relations. Baldoz said that Phividec’s 76 locators and service providers are now certified compliant with the country’s labor standards. The Certificate of Compliance has a validity of two years hailed/PAGE 9
FILINVEST L and, Inc. (FLI), one of the country’s largest residential developers and BPO office providers, recorded a 16% jump in consolidated net income of P4.60 billion for 2014, up from P3.98 billion in 2013. Consolidated revenues surged 22% to a record P16.90 billion. The company attributes the strong revenues to the continued growth in its residential business as well as the strong expansion of its office leasing operations. FLI recorded P13.20 billion in revenues from its residential projects, 26% more filinvest/PAGE 9
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