BusinessWeek Mindanao (November 26, 2014)

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BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 73

Market Indicators

As of 6:14 pm nov. 25, 2014 (tuesday)

FOREX

PHISIX

US$1 = P44.970

7,325.12 points

9 cents

X

48.95 points

X

Briefly Agri investments DAVAO del Norte -- With almost two years of rehabilitation from the devastation made by Typhoon Pablo, the provincial government embarks now on promoting Davao Oriental as haven for agri-based investment. Gov. Corazon Malanyaon said that alongside with other developments after Typhoon Pablo, the province revitalized its economy through more investments in agriculture. “Since we have vast agricultural land, we prioritize agri-based industries as our main investment area in Davao Oriental,” Malanyaon said. She said that her vision is to have more commercial crops grown in the province particularly oil palm, cacao and coconut.

Fake medicines DAVAO City -- The Food and Drug Administration (FDA) has reminded the public to be cautious in buying medical products, noting that counterfeit or fake medicines continue to proliferate. The warning came as part of the continuing nationwide advocacy efforts of FDA which recently culminated the National Consciousness Week against Counterfeit Medicines last week. FDA Mindanao East Cluster OIC Jesusa Joyce Cirunay emphasized that the public should always make sure that they buy good quality, clean, safe, genuine and FDA-registered medical products from registered pharmacies or drug outlets. “Our continuing drive against counterfeit medicines intends to protect the public from the dangers of fake drugs,” Cirunay said during the culmination of consciousness week in Davao City, which bannered the national theme: “Kapakanan ng Pamilya Alagaan, Huwad na Gamot Labanan.”

P15.00

More peaking plants urged for Mindanao www.businessweekmindanao.com

E

By MIKE BAÑOS, Editor-at-Large

NERGY Secretary Jericho L. Petilla is urging investors to consider putting up more peaking plants in Mindanao to address a perceived gap in the island’s emerging power mix.

In his keynote speech during the blessing and inauguration of the 20MW

bunker-fired power plant of Peakpower Socsargen Inc. (PSI) in Bgy. Apopong,

Wednesday | November 26, 2014

General Santos City 20 November 2014, Petilla said although there are many plants coming in he was worried there are not enough peaking plants. “While there will be many new plants opening soon in Mindanao, most of them are baseload plants,” Petilla explained. “I’d like plants/PAGE 7

FISHING. Men sit on the bamboo outrigger of a banca while trying to catch fish using nylon cords along the fish port in barangay Luyong Bonbon in Opol town, Misamis Oriental. mindanews photo by erwin mascarinas

MDN to hold search for journalism awards today THE Mindanao Daily’s search for Journalism Excellence, actual writing contest among campus journalists, government communicators and private company corporate writers, is scheduled at the Mindanao University of Science & Technology (MUST) campus today, Nov. 26. The journalism award is the first ever organized search for the best writers in var ious categor ies

dubbed as -- the Northern Mindanao Journalism Excellence Award -- by a media entity in cooperation with the Philippine Press Institute; the Rotary Club of Cagayan de Oro, and Oro Chamber. Supporting the project are Ayala Corporation; Veterans Bank, PPI and Atty. Jesus Dureza; D’Asian Hills Bank; JG Summit Holdings; A Brown Company; FICCO; MinDA, and others. awards/PAGE 7

ARTISTS FOR JUSTICE. Local artists perform during the nationwide campaign “Isang Kandila, Isang Milyon Tanglaw” campaign at the Press Freedom monument in Cagayan de Oro City on Nov. 24, 2014. The campaign calls for an end to impunity and speedy resolution of the Ampatuan Massacre. mindanews photo by froilan gallardo

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


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