BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 143
Market Indicators As of 6:23 pm May 27, 2016 (friday)
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Briefly Coke’s Misor expands COCA-COLA FEMSA Philippines, Inc. is expanding its beverage line in Mindanao with the production of additional non-carbonated drinks such as juices and water in its three factories in the southern mainland. Coca-Cola FEMSA Corporate Affairs Director Juan Carlos Dominguez said in an interview here that the initial expansion will be at the Misamis Oriental plant in the Northern Mindanao Region. The two other plants of Coke FEMSA Philippines, which is 51% owned by Mexico’s Coca-Cola FEMSA S.A. de C.V., are located in Davao City and Davao del Sur province, both in the southern part of Mindanao. “We will be developing the market (for the new beverages), particularly in Mindanao and Davao City is an important place for that,” Mr. Dominguez said.
New schools THE Budget department has released P500 million to fund the construction of new public schools in Mindanao to cater to students from indigenous communities. In a statement, the Department of Budget and Management (DBM) said it disbursed the funds to the Education department to finance the building of 605 classrooms across 251 sites in the Southern Philippines. Specifically, the new schools are targeted to cater to 23 indigenous peoples’ communities based in the provinces of Zamboanga del Sur, Zamboanga del Norte, Zamboanga Sibugay, Bukidnon, Misamis Oriental, Lanao del Norte, Compostela Valley, Davao del Norte, Davao del Sur, Davao Oriental, Sarangani, South Cotabato, Sultan Kudarat, North Cotabato, Agusan del Sur, Surigao del Norte, Surigao del Sur, and Agusan del Norte.
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Mindanao looms as haven for franchising WITH DUTERTE VICTORY
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By ANTONIO L. COLINA IV, MindaNews
AVAO City -- After the victory of the first Mindanawon candidate in the 2016 presidential race, a business leader said he sees a huge potential for Mindanao as a growth area for franchising business. Philippine Franchising Association (PFA) chairman emeritus Samie Lim said he believes that Duterte’s win will unlock the potentials of the island, as the incoming
president vowed to bring peace to Mindanao. He said Duterte’s promise of clean governance will also push Mindanao’s image up franchising/PAGE 11
CAMARINES Sur Rep. Leni Robredo on Friday said she is excited to work with President-elect Rodrigo Duterte after Joint Congress sitting as National Board of Canvassers (NBOC) declared them winners in the 2016 elections. The neophyte solon, in an interview with local journalists in Naga City,
could not hide her excitement after NBOC finished its job tabulating their votes where she edged out her closest rival, Senator Bongbong Marcos, by more than 200,000 votes. “ O bligasyon ko p o hindi lang bilang susunod na pangalawang pangulo, pero obligasyon ko po bilang Filipino na ibigay ‘yung 100 excited/PAGE 11
VP-elect Leni excited Hedcor’s power plant project to work with Duterte DAYBREAK IN OPOL. A usual scene during daybreak in Opol, Misamis Oriental. MindaNews photo by H. Marcos C. Mordeno
in gets 1M safe man-hours By MARK FRANCISCO, Staff Writer
HEDCOR Bukidnon lauded its contractor Sta. Clara International Construction for safeguarding the locals in the workplace while building the 25.4MW Manolo Fortich Hydro 2 in the province of Bukidnon. hedcor/PAGE 11
Sta. Clara International Construction COO Ulysses B a u t i s t a (second from left) raises the recognition he received from Hedcor. PIA
What will happen to the ‘Malacañang of the South’? By ANTONIO L. COLINA IV, MindaNews
DAVAO City – Few people, perhaps, know that there is a two-storey mansion dubbed as “Malacañang of the South” constructed during the time of former President Gloria Macapagal-Arroyo within the six-hectare compound of the regional office of the Department of Public Works and Highway (DPWH) in
Panacan. Will incoming President Rodrigo R. Duterte make this an extension of his office? Duterte’s executive assistant Christopher “Bong” Go confirmed early Thursday that the building is being prepared for Duterte’s use when he takes over the country’s highest position by June 30.
“It’s for office purposes and receiving guests. There’s just a slight repair and cleanup,” he told MindaNews. Standing just a few meters away from the shore, the “Malacañang of the South” was built during the time of erstwhile Public Works and Highways Secretary Hermogenes Ebdane, between 2005 and 2006, and completed south/PAGE 11
UNDER RENOVATION. The “Malacanang of the South,” located at the equipment yard of the Department of Public Works and Highways in Barangay Panacan, Davao City is undergoing a minor renovation in this photo taken Friday. The building was built during the administration of President Gloria Macapagal-Arroyo. Reports say incoming President Rodrigo Duterte may soon use this as an extension office. MindaNews photo by Toto Lozano
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