BusinessWeek M I N DA N A O CREDIBLE
Volume VIII, No. 126
YOUR Mindanao-wide BUSINESS paper
RELIABLE
IN-DEPTH
P15.00
Cagayan de Oro Lapasan Highway, Cagayan de Oro City
Davao port modernization X X pushes through under PPP Briefly D www.businessweekmindanao.com
Wednesday|March 21, 2018
Market Indicators
As of 6:00 pm March 20, 2018 (tuesday)
FOREX
PHISIX
US$1 = P52.080
8,059.60
2
cents
175.94 points
Corn sourcing
ABOITIZ Equity Ventures, Inc.’s (AEV) food and agribusiness subsidiary Pilmico Foods Corp. signed a memorandum of agreement with a Bukidnonbased farmer’s cooperative for an inclusive corn sourcing project. In a statement released on Monday, Pilmico will be sourcing a part of its corn requirements for its animal feeds business from the Mantibugao Agrarian Reform Beneficiaries Farmers Cooperative (MARBFC). Pilmico chose MARBFC as its first inclusive supplier through the Department of Agriculture’s (DA) Corn Program Team and the local government units of Manolo Fortich, Bukidnon. Pilmico Chief Operating Officer Tristan S. Aboitiz in the same statement said that the company will Continue to collaborate with LGUs and communities in the future.
Science study center MISAMIS Oriental -- A P50million science study center will rise in barangay Molugan, El Salvador City in Misamis Oriental within the year. Misamis Oriental Governor Bambi Emano announced this on March 19 during the flag raising ceremony at the Capitol grounds. Governor Emano said this science study center, called Planetarium, a Philippine Atmospheric Geophysical Astronomical Services Administration (Pagasa) project, would be a good venue for children to enjoy while studying the planets and the constellations using a huge telescope.
cmyk
By ANTONIO L. COLINA IV , MindaNews
A VA O C i t y - The proposed modernization of the decades-old Sasa Port in Davao City, the country’s third busiest and Mindanao’s major port, will push through under a publicprivate partnership, National E c on om i c D e vel opm ent Authority (NEDA) 11 director Maria Lourdes D. Lim said on Tuesday.
In an interview during the launch of the Davao Region Public-Private Partnership Knowledge Corner, Lim told reporters the Philippine Ports Authority (PPA) is working on the draft terms of reference for submission to and approval by the Department of Transportation (DOTr) by the second quarter. Once approved, the project worth closely P6 billion will be placed for bidding, Lim port/PAGE 11
RUINS OF MARAWI. Soldiers survey the ruins of Marawi City. Islamic State-inspired militants staged a siege in the city on May 23 last year that lasted five months. mindanews photo by froilan gallardo
Banana firm opens lab to help fight diseases By CARMELITO Q. FRANCISCO, Correspondent
CARMEN, Davao del Norte — A modern laboratory,
o p e r a t e d b y Ta g u m Agricultural Development
Company, Inc. (TADECO), has been formally opened to help the banana industry lab/PAGE 11
DTI releases latest SRPs of basic, prime commodities DRIED FISH. A child helps his parents’ livelihood of selling dried fish in Barangay Luyong Bonbon, Opol, Misamis Oriental. photo by gerry lee gorit
THE Department of Trade and Industr y (DTI) has released suggested retail prices (SRPs) of basic and
prime commodities as of March 15. Compared to their SRPs in the same month last year,
prices are generally stable in products such as bread, coffee, bottled water, and releases/PAGE 11
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776