BusinessWeek Mindanao (October 14, 2013)

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MINDANAO DAILY NEWS SECOND SECTION

Monday - October 14, 2013

BusinessWeek MINDANAO

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Market Indicators As of 6:12 pm Oct. 11, 2013 (Friday)

FOREX

PHISIX

US$1 = P43.13

6,489.80 points

2 cents

X

53.83 points

X

Briefly Livelihood BUTUAN Cit y – B ig num ber of Caraganons, especially the marginalized and highland people have benefited the government’s anti-poverty alleviation program. Re g io nal D ire c tor M ind a B. Brigoli of the Department of Social Welfare and Development (DSWD -13), s a i d s u c c e s s f u l implementation to pover ty alleviation beneficiaries were also made through collaboration with partners, local government units (LGUs) and stakeholders. T h e r e g i o n ’s t o p s o c i a l welfare official said the ongoing DSWD’s contribution is geared towards attainment of Millennium Development Goal’s (MDG’s) eradication of extreme poverty and hunger, achieve universal primary education, successful implementation of gender equality and empower women, reduce child mortality and improve maternal health.

Exports to EU PHILIPPINE exporters get higher demand on local products from the European Union (EU) as the bloc experiences economic growth. The head of the trade section of t he EU d eleg at io n to t he Philippines Walter Van Hattum sai d to Phili p pine E x por ter s Confederation, Inc. (Philexport) that the economic bloc is keen on importing products from the Philippines such as electronics, furniture, coconut oil and other agricultural products. Local export players shall take advantage of this opportunity, thus partnering with EU chambers will help them to connect with the EU market, Hattum said. “The best thing for business people (to do) is to get in touch with those chambers or with our office, European delegation. We can provide you with all kinds of information in terms of what you need to do to get into the European market,” the trade dealegate of EU added.

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IN-DEPTH

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MGB-Caraga says will reject dormant mine applicants By ROEL CATOTO, MindaNews

SU R IGAO Cit y -- T he Mines a nd Geosciences Bu reau-13 ha s not i f ied at least 20 applicants of mining exploration permits being considered dormant

t hat t hei r appl ic at ions would be rejected if they failed to comply with the requirements. Nol i A r re z a , ac t i ng regional director of MGB-

13 told MindaNews that these 20 large-scale mining applicants from five different provinces in Caraga had neither made any progress on their applications nor submitted the requirements.

Arreza said only a few replied to their first notice. He added the second notice asked the applicants to submit the requirements including paid-up capital and authorized capitalization.

He said Executive Order 79 which came out on June 6 last year requires mining applicants a paid-up capital of P 6.25 million from P2.5 million and an authorized reject/PAGE 19

Congress’ nod sought on Agus privatization

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By MYRNA VELASCO, Contributor

HE privatization fate of the Agus hydropower complex in Mindanao will be placed again in the hands of the Joint Congressional Power Commission (JCPC), the legislative oversight body which oversees the privatization of the country’s power assets.

T h at w a s t he s t a nd sou nded of f by Energ y Secretary Carlos Jericho L. Petilla when asked about the government’s decision on the disposal of the Agus hydropower assets. Under the Electric Power Industry Reform Act (EPIRA),

the 10-year deferment of the Agus complex’s privatization already lapsed in 2011, hence, the government can finally set a policy direction on its divestment. But it will be a tough ca l l on t he pa r t of t he Agus/PAGE 19

Primavera Residences, BPI to host business forum BPI Family Savings Bank and Primavera Residences are hosting a Business and Investment Opportunity Forum in Cagayan de Oro City on Thursday (Oct. 17) at the Multi-Purpose Hall of Primavera Residences, 2nd Floor, Pueblo de Oro Business Park, Upper Carmen. Dr. Jose P. Leviste, Jr. Non-Executive Chairman of Ita lpinas Euro-Asian Design and Eco-development

Corporation (ITPI), ownerdeveloper of Primavera Residences, said this forum is the first in the series of events being initiated in Region X with ITPI’s partner banks under the program dubbed as SOA R High! (Sustainable Opportunities a nd Advoc ac ie s i n t he Regions) BPI Fa m i ly S av i n gs Bank (BFB) will brief their Primavera/PAGE 19

STREET LIFE. With a hotdog for dinner, courtesy of a generous passerby, a young girl and her brother watch people and cars go by as they sat on a street corner in Divisoria in Cagayan de Oro. mindanews photo by froilan gallardo

Banana industry need support of LGUs TAGUM City -- A banana industry executive in the Davao Region recently called on local government units (LGUs) to craft policies to protect the banana industry from the adverse effect of pole-vaulting and Panama disease. Guesting at Tagum Biz

Mindanao Daily NEWS

Talk at Big 8 last Tuesday, Stephen Antig, executive director of the Philippine Ba na na Growers a nd Expor ters Assocation (PBGE A) sa id players of t he ba na na industr y need the help of LGUs in implementing measures to curb Panama Disease or

fusarium wilt in bananas. They also need the LGUs in crafting an ordinance criminalizing pole-vaulting cited as illegal practice among banana growers who secretly sell to other buyers their produce under contract of a certain banana exporting Banana/PAGE 19

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BusinessWeek Mindanao (October 14, 2013) by Mindanao Daily News - Issuu