BusinessWeek MINDANAO
/MenchuAntigua-Macapagal
Your daily business paper
WEEKDAYS 1PM
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 126
Market Indicators
As of 7 pm Mar. 19, 2015 (thursday)
FOREX
PHISIX
US$1 = P44.72
7,814.55 points
3 cents
X X Briefly 57.97 points
Rain catchment systems DAVAO City – Councilor Leonardo Avila III said the proper implementation of the rain catchment ordinance might improve the water supply in areas with low water pressure through the use of potable water by using alternative sources. Speaking at Monday’s Kapehan sa SM, Avila said the low water pressure in several parts of the city could be attributed to the reliance of residents to the city’s water supply provided by the Davao City Water District. The ordinance requires new buildings to build rain catchment systems before their applications for building permits could be approved.
SSF projects DAVAO City -- The Department of Trade and Industry (DTI) in Davao Region was able to establish 12 Shared Service Facility (SSF) projects in 2014. The SSF project of DTI is aimed at improving the quality and productivity of entrepreneurs by addressing the gaps and bottlenecks in the value chain of priority industry clusters through the provision of processing machines/equipment/tools for the common use of the identified beneficiaries. The said projects, which totalled P6.303 million, assisted 276 micro, small and medium enterprises (MSMEs), and generated 1,416 jobs. Each project costs between P165,000 up to P965,000. Most of these projects benefitted by MSMEs in handicrafts, coco coir, organic fertilizer, meat, banana, coffee, organic rice, abaca, and bamboo crafts.
www.businessweekmindanao.com
P15.00
Friday | March 20, 2015
Phivedec firms declared labor law compliant
M
By MARK FRANCISCO, Staff Writer
ISAMIS Oriental -- Seventy-six companies located in the province’s “economic zone” here were declared as labor law compliant, a labor official said Thursday.
Mildred D ablio, t he regional spokesperson of the Department of Labor and Employment (DOLE) here, said that Labor Secretary
Rosalinda Baldoz declared the companies within the Phividec Industrial Estate here as 100 percent compliance phivedec/PAGE 11
Aboitiz eyeing Steag’s IPPA contract ABOITIZ POWER Corp. (AboitizPower) is eyeing to acquire the independent power producer administrator (IPPA) contract of Misamis Oriental’s Steag coal-fired power plant that will be put up for auction by the Power Sector Assets and Liabilities Management Corp. (PSALM), the company’s president said. “ T h i s y e a r, P S A L M wants to do [the auction
for] Steag. We definitely want to participate in that,” Antonio R. Moraza, who is also AboitizPower’s chief operating officer said after the company’s analysts’ briefing last week. Moraza said the company is particularly interested in four assets. PSALM plans to bid out the IPPA contract of the Steag aboitiz/PAGE 11
ELECTROCUTED FISH. A fisherman puts a mudfish (locally known as “haw-an”) into a container after catching it by electric shock in a shallow pond in Barangay Bayanihan, Butuan City. mindanews photo by erwin mascarinas
AFP urged to declare SOMO in Maguindanao;
Balay Aleosan opens doors for humanitarian work By BONG D. FABE, Editor-at-Large
THE peace and development non-government
Filinvest One Oasis Cagayan de Oro under full-blast construction.
organization (NGO) Balay Mindanaw Foundation, Inc.
(BMFI) yesterday expressed readiness to open the doors of its unit, Balay Aleosan, as SOMO/PAGE 11
A One Oasis Project similar to One Oasis Cagayan de Oro as delivered to unit owners.
FILINVEST ONE OASIS. One Oasis Cagayan de Oro (OOCDO) Building 1 will be the first mid-rise condo project in Cagayan de Oro to be completed and turned over to unit owners by June 2015. Building 2 is also expected to be delivered ahead of competitors by year end 2016 and the rest completed and delivered one building per year thereafter until all five units are completed.
For mindanao-wide regional current news and events, read:
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776