BusinessWeek Mindanao (November 22, 2013)

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MINDANAO DAILY NEWS SECOND SECTION

Friday - November 22, 2013

BusinessWeek MINDANAO

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Market Indicators

As of 6:27 pm NOV. 20, 2013 (Wednesday)

FOREX

PHISIX

US$1 = P43.1

6,155.34 points

5 cents

X

X Briefly

112.51 points

Tourism spill over DAVAO Cit y – Even the local tourism industry is seen to feel the adverse effects of typhoon Yo l a n d a w h i c h d e v a s t a t e d Visayas. Ci t y To ur i s m O p e r at i o n s Office chief Lisette Marquez said there is a big probability that business events and conventions would be shelved as corporations would donate these expenses to relief efforts. T h ey a l s o ex p e c t l e s s e r travels as people would also donate to the relief efforts rather than going on vacation. Marques said that it would take a month to determine if visitor arrivals have been affected by the typhoon. As for foreign visitor arrivals, Marques said that it would depend on how the country is portrayed by the media. “National disasters are one of the main reasons why people would not travel to a locality.” Marques added.

Science fair BUTUAN Cit y -- The recently concluded 2013 Mindanao Cluster Science and Technology (S&T) Fair 2013 hosted by the Department of Science and Technology (DOST) Caraga serves as an avenue for local inventors and innovators from across Mindanao to exhibit their ingenuity and technological discoveries. DOST Secretary Mario G. Montejo said that “the use of S & T is always a sound development model for the improvement of the individual and society in terms of improved processes, products and services.” He expressed his trust in local technology which affirms the creativity of Filipinos particularly the Philippine scientific community. “It prepares the country for global competitiveness. Smarter Philippines program in farming; disaster mitigation; health care; small, micro and medium businesses; and industries will boost the growth of our economy,” said Montejo.

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MisOr power plant to stir M’danao economy: Exec

C

By Cheng Ordonez

AGAYAN DE ORO – “This project underscores Filinvest Development Corporation’s desire to play a significant role in providing a longterm solution in addressing the power problems here in Mindanao,” Mr. Jonathan T. Gotianun, chairman, Executive Committee of the FDC Utilities, Inc. (FDCUI), said at the thanksgiving dinner Wednesday, at a resort hotel, here, referring to the 405 MW project in Villanueva, Misamis Oriental, and considered as the biggest power project in Northern Mindanao. “In undertaking this project, we know that we need all parties involved to work together for its successful implementation. I am power/PAGE B7

Guests, FDCUI top officials led by Josephine G. Yap, CEO, and their foreign and local counterparts in the construction of the 3 x 135-MW Circulating Fluidized Bed Coal Thermal Power Plant Project, at the thanksgiving dinner, Wednesday, at Marco Hotel, Cagayan de Oro City. (Inset) Mr. Jonathan T. Gotianun, chairman, Executive Committee of the FDC Utilities, Inc., delivering his message. photo by cheng ordoñez

Negros lines fully restored – NGCP

Despite dangers of being situated along a riverbank, this restaurant was given a building permit for its construction along Cagayan River. The restaurant rests on stilts and is located just outside the City Hall compound photo by gerry lee gorit

Ni ne d ay s a f ter Sup er Typhoon Yolanda hit the Visayan region, destroyed thousands of properties, and took numerous lives, things are starting to light up as the National Grid Corporation

of the Philippines’ (NGCP) restoration of transmission lines progresses. As of November 17, 2013, the transmission facilities affected by the ty phoon in Negros Island are fully

restored. These include a total of 57 toppled, broken or leaning poles of the CadizSan Carlos 69-kilovolt (kV) and Silay-Victoria 69-kV lines located in the northern part NGCP/PAGE B7

MANILA -- Discovery World Corp., a resort owner and operator which debuted Thursday at the Philippine

stock market, is pursuing resorts expansion projects as it remains bullish in the tourism prospects despite

the negative impact of the super typhoon “Yolanda” in the country. effect/PAGE B7

Discovery World pursuing tourism-related projects despite ‘Yolanda’ effect

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