BusinessWeek MINDANAO
GOD IS GOOD
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 115
Market Indicators As of 6:10 pm march 22, 2016 (tuesday)
FOREX
PHISIX
US$1 = P46.25
7,342.03
X Briefly
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Pay rules LABOR and Employment Secretary Rosalinda DimapilisBaldoz has urged private sector employers to observe the correct pay rules and general occupational safety and health labor standards as the Filipino nation observes the country’s most cherished Christian Holy Week tradition by not working on Maundy Thursday, Good Friday, and Black Saturday. “President Benigno S. Aquino III had issued Proclamation No. 1105, Series of 2015, on 20 August 2015 affirming Maundy Thursday and Good Friday on 24 and 25 March, respectively, as regular holidays, and Black Saturday on 26 March as a special non-working day throughout the country,” Baldoz said. “I reiterate to our private sector employers our call to observe the pay rules and other core labor and occupational safety and health standards during these holidays in the interest of workers’ welfare and protection,” she further said.
EPC contract SARANGANI Energy Corp., a subsidiary of Alsons Power, has received bids for its engineering, procurement and construction contract for its second 105-megawatt coalfired unit to be built in Maasim, Sarangani. Alsons Power vice president for Business Development Joseph Nocos said in a statement Monday that the two bidders were “global companies with extensive experience in providing turnkey EPC services for power generation projects in different countries.” Alsons expects to award the EPC contract for the second phase in May 2016, while construction is scheduled to start by the second half of 2016. The power plant is slated to start commercial operations in 2018.
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Poor ports block banana expansion in Visayas region T
P15.00
PHILIPPIANS 4:13 I CAN DO ALL THIS THROUGH HIM WHO GIVES ME STRENGTH
By CARMELITO Q. FRANCISCO, Correspondent
HE plan of some big-scale banana companies to expand in the Visayas is being held back by the lack of worldclass ports in the potential production areas, a top industry official said. Stephen A. Antig, executive director of the Davao-based Pilipino Banana Growers and Exporters Association, Inc. (PBGEA), said port handling facilities are a major component of the export business.
“Two of our (PBGEA) members, notably the big ones, wanted to develop at least 2,000 hectares (initially), but they noted that there was no port that they could use to bring their produce to the international markets,” said Mr. Antig. The potential expansion area was a 25,000-hectare contiguous zone in Central Visayas that used to be a sugarcane plantation. banana/PAGE 11
Dismissed broadcasters get reprieve
Anflo’s P1-B condo project in full swing
THE National Labor Relations Commissions (NLRC) here has ordered the owner of a local radio station in Cagayan de Oro City to pay two broadcasters it dismissed reprieve/PAGE 11
DAVAO City -- Damosa Land, Inc. (DLI), the real estate arm of the Floirendoowned Anflo Management and Investment Corporation (Anflocor), is accelerating
By CARMELITO Q. FRANCISCO, Correspondent
the construction of its first condominium project here, buoyed by the brisk sales of the first four of its six buildings. project/PAGE 11
ETHNIC WEAVING. A rendition by two artists of ethnic weaving tradition in Mindanao is on display at the Museo de Oro in Xavier University on March 20 2016. On the right is a Matigsalog weaver and behind is a T’boli weaver. MindaNews photo by Froilan Gallardo
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