BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 064
Market Indicators
As of 6:23 pm November 19, 2015 (thursday)
FOREX
PHISIX
US$1 = P47.14
6,825.38
X
9 cents
52.46 points
X
Briefly Investment tourism BUTUAN City – “Focus on the good news. In Lanao del Norte, our information officers are very strong in promoting national activities… If people are not afraid of going in Lanao del Norte, then they shouldn’t be scared because they will miss economic opportunities wherein it’s a first come first serve.. and it is only for those who are not scared to come and invest.” This was the statement stressed by Lanao del Norte Governor Mohamad Khalid Dimaporo during the recently concluded 13th Mindanao Communicators Network (MindaComNet) Congress held in Cagayan de Oro City.
BROWN campaign AS November is declared the National Rice Awareness Month (NRAM), the Department of Agriculture (DA) drums up the Be RICEponsible in your Own Way Now (BROWN) campaign. This is in support to the country’s effort to attain rice sufficiency, improve farmers’ income, and promote better health among rice consumers. As the name suggests, DA urged the people to opt for brown rice, as it is a healthier choice.
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More flights cancelled to give way to APEC Summit By ANTONIO L. COLINA IV, MindaNews
D
AVAO City – A total of 41 flights from Davao to Manila and vice versa have been cancelled from November 15 to 20 to give way for the arrival of heads of states attending the APEC Leaders’ Summit in Manila. In an advisory issued on Tuesday by the Civil Aviation Authority of the Philippines (CAAP), the cancellations of flights started on Sunday, affecting passengers of Manila-Davao-Manila flights of Philippine Airlines (PAL).
On Tuesday, Cebu Pacific had six flights cancelled, Philippine Airlines (PAL) had eight, and AirAsia had two. In an inter view with MindaNews on Tuesday, flights/PAGE 7
Program to raise output of cacao gets P160-M budget By CARMELITO Q. FRANCISCO, Correspondent
DAVAO City -- Mindanao’s Cacao Double-up program is getting a P160-million allocation for 2016 from the Department of Agriculture (DA), which will go mainly to farmers groups in identified priority areas. Undersecretary Janet M. Lopoz, executive director of the Mindanao Development Authority (MinDA), said farmers can soon start applying for a share of the fund intended to increase cacao production, initially through intercropping in existing coconut farms. “For farmers groups to be able to access the money, their areas must be within the priority areas that the DA has
identified,” Ms. Lopoz told BusinessWeek Mindanao. The Davao Region is the leading coconut grower in Mindanao, followed by the Zamboanga Peninsula, Caraga Region, and the program/PAGE 7
REINSTATED AS MAYOR. Dismissed Cagayan de Oro Mayor Oscar Moreno leaves his office at the City Hall to hear Mass along with his supporters after the DILG reinstated him Wednesday, Nov. 18. mindanews photo by froilan gallardo
CITY HALL STANDOFF:
Moreno regains seat, Acenas steps down By CRIS DIAZ, Contributing Editor
THE installed Cagayan der Oro City Mayor here on Thursday stepped down after
the Court of Appeals (CA) counted the reckoning of the effectivity of the Temporary
Restraining Order (TRO) to the day it was filed in court. The CA’s 22nd Division, based in Cagayan De Oro regains/PAGE 7
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