BusinessWeek Mindanao (October 13-14, 2015)

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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 048

Market Indicators

As of 5:45 pm October 13, 2015 (Tuesday)

FOREX

PHISIX

US$1 = P46.07

7,150.29

X

13 cents

11.38 points

X

Briefly Craft Beer DAVAO City -- The first ever Craft Beer Project will be mounted this week in this city from October 16 to 18 at the SM Davao open parking along Quimpo Boulevard. The mall’s assistant manager Nick Santos said the event is expected to gather four of the country’s top microbrewers. Relatively new in the Philippines, Santos said microbrewing has steadily been changing how Filipinos enjoy beer. The SM’s Craft Beer Project is aimed at showcasing locally produced craft beers and SM is opening a venue for its mall goers and shoppers to enjoy beer with their favorite food.

2014 ppi’S Best in ENVIRONMENTAL Reporting

P15.00

M’danao still lords over PHL coffee production www.businessweekmindanao.com

G

Tue-Wed | October 13-14, 2015

By BONG S. SARMIENTO, MindaNews

ENERAL Santos City -- Coffee production in the Philippines continues to be lorded over by Mindanao, with Region 12 or the Soccsksargen region remaining as the top regional coffee producer of the country.

Jennifer Remoquillo, Department of Agriculture (DA) national coordinator for High Value Crops Development Program, said that Mindanao accounts for 77 percent

of the country’s coffee production. Trailing far behind in coffee production is Luzon at 17 percent and Visayas at six percent, she added. coffee/PAGE 11

Pushing the BBL PRESIDENT Benigno S. Aquino III has again endorsed the passage of the Bangsamoro Basic Law (BBL) during the announcement of the Liberal Party’s senatorial lineup dubbed “Ang Koalisyon ng Daang Matuwid” at its headquarters in Cubao, Quezon City. “’Pag ‘di naipasa ang BBL, ipagpapatuloy lang natin ang siklo ng hidwaan. Tuloy na malulugmok ang mga kapatid natin sa gulo at kahirapan; at patutunayan lang natin ang mga pagkukulang ng ARMM, at kung saan kahit isa lang ang maling mailagay sa puwesto ay apektakdo na ang kinabukasan ng lahat,” Aquino said in front of party-mates, which include Senate President Franklin Drilon and House Speaker Feliciano Belmonte Jr.

Maglev for Davao DAVAO City -- A Dabawenyo inventor is proposing an elevated and subway maglev monorail system for Davao City. Jose Guardo Jr. currently owns the patent for a spin induced magnetic levitation (maglev) monorail, which he hopes the city would consider for its planned city wide light rail transit system. Maglev trains relies on magnets for lift and propulsion instead of wheels, which run on the tracks thus lessening friction making it more efficient than wheeled rails. Maintenance costs is also reduced as maglev trains does not cause much wear and tear to monorail tracks as compared to trains.

VINTA. Zamboanga City celebrates “Zamboanga Hermosa Festival” in honor of La Virgen del Pilar, considered as the city’s Holy Mother. The colorful Sama vinta takes center stage and can be seen from the Paseo del Mar late Saturday, as owners prepare for Sunday’s regatta. mindanews photo courtesy of jules benitez

Palace: Gov’t addresses needs of IPs in Mindanao THE government always addresses the needs of indigenous people in Mindanao, Palace reiterated on Sunday in response to reports citing the United Nations (UN) High Commissioner for Refugees saying that there were more than the reported 6,000 indigenous people who were displaced and deprived of protection from the state against militias and armed groups.

“The government is continuously addressing the situation of the indigenous peoples in Mindanao, and is working tirelessly to ensure their safety and to protect them from unnecessary acts of violence,” President ia l C ommunicat ions Secretary Sonny Coloma said. Coloma said he has yet to read such a report from the UN but noted that needs/PAGE 11

Davao City’s reclamation proposal attracts challenger By CARMELITO Q. FRANCISCO, Correspondent

DAVAO City -- A Manila-based company’s proposal to develop a 200-hectare mixed-use project via reclamation for P39 billion has attracted a counterproposal from another group, triggering a Swiss challenge, a city official said. Davao City Investment and Promotion Center head Ivan

C. Cortez said the challenger, a consortium of companies based in Malaysia and the Netherlands, is now preparing to participate in the Swiss challenge to Mega Harbour Development Corp.’s unsolicited proposal. Mr. Cortez said the Swiss proposal/PAGE 11

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