BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 052
Market Indicators
As of 5:54 pm October 22, 2015 (Thursday)
FOREX
PHISIX
US$1 = P46.64
7,092.90
X
17 cents
32.05 points
X
Briefly Less dropouts WITH only 9.8% or 108,908 outof-school children and youth in 2013, region 10 had the least out-of-school rate in Mindanao based on the 2013 Functional Literacy, Education and Mass Media Survey (FLEMMS) as presented in the Regional Data Dissemination Forum by the Philippine Statistics Authority on October 20, held in Cagayan de Oro. According to the event’s keynote speaker Dr. Luvismin S. Aves, university consultant and professor, the top three reasons for females not attending school in northern Mindanao include marriage (36.2%), insufficient family income (17.0%) and housekeeping (13.7%). She also added that among the reasons why males do not attend school include lack of personal interest (33.1%), insufficient family income (22.7%) and illness/disability (12.2%).
World Food Day IN its annual observance of the World Food Day (WFD) celebration which falls on October 16, the Department of Agriculture – Regional Field Office 10 (DA-RFO 10) kicked off the affair with the opening of the Agri-Tiangge at the Provincial Capitol Parking Lot. It featured various agricultural commodities and other byproducts of the agency’s assisted farmer individuals and groups, associations, organizations and attached agencies, including their partners from the local government units throughout Northern Mindanao. The ceremonial cutting of ribbon was spearheaded by DA-RFO 10 Director Lealyn A. Ramos along with Agribusiness and Marketing Assistance Division Chief Chedy V. Ansale and other several exhibitors.
2014 ppi’S Best in ENVIRONMENTAL Reporting
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New water technology to push rates up by 30% www.businessweekmindanao.com
Thu-Fri | October 22-23, 2015
By MARK D. FRANCISCO, Staff Writer
W
ATER rates all over the country is expected to go up by as much as 30-percent next year as the Philippine Water Works Association (PWWA) urges local water distributors to adapt a public private partnership with bulk water suppliers for the use of a safer yet expensive water treatment technology.
In an interview at the sidelig hts of Phi lwater 2015 held Oct. 22-23 at the Limketkai Luxe Hotel in Cagayan de Oro City, PWWA
president Roger Borja said the more than 500 smalland medium-scale water districts in the country must rates/PAGE 11
WATER PUMP. Pump technology on display at the ongoing Philwater 2015 held at Limketkai Luxe Hotel in Cagayan de Oro City. photo by mark francisco
PEMC asked to study DOH says haze brings increased M’nao WESM viability respiratory risks, cardiac ailments By CARMELITO Q. FRANCISCO, Correspondent and MARK FRANCISCO, Staff Writer
HAZE due to forest can cause air pollution which can bring about increased risks for respiratory tract infections and cardiac ailments. According to the
D e p ar t m e nt of He a lt h ( D OH ) , h a z e c ont ai ns dust, smoke particles and air pollutants such as sulfur dioxide, nitrogen dioxide, ozone, carbon monoxide
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and particulate matter. Haze is a slight obscuration of the lower atmosphere, typically caused by fine suspended particles. doh/PAGE 11
T H E M i n d an a o Powe r Monitor ing C ommitte e (MPMC) has asked the Philippine Electricity Market Corp. (PEMC) to study the viability of a Wholesale
Electricity Spot Market (WESM) for Mindanao with the expected supply surplus within the next three years. Romeo M. Montenegro, Mindanao Development A u t h o r i t y ’s ( M i n D A ) investment promotion and public affairs director and a member of the MPMC, told BusinessWeek Mindanao that the request is intended to ensure that the WESM challenges encountered in Luzon will be avoided in the southern island. “We are now entering into a regime of excess supply, which will indicate viability pemc/PAGE 11
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