BusinessWeek Mindanao (October 28, 2013)

MINDANAO DAILY NEWS SECOND SECTION

Monday - October 28, 2013

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3 ports in Mindanao undergo expansions

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Market Indicators As of 6:12 pm oct. 25, 2013 (Friday)

FOREX

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US$1 = P43.05

6,539.81 points

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Briefly Sea turtle A LAWMAKER has urged Congress via a piece of legislation to declare a major nesting site of the endangered green sea turtle in Tawi-Tawi as a wildlife sanctuary.

Rep. Ruby M. Sahali of Tawi-Tawi’s 1st district filed House Bill 2771, which seeks to declare the Turtle Islands in Tawi-Tawi as a Protected Area (PA).

T h e Tu r t l e I s l a n d s , which was established as a marine sanctuary by virtue of Presidential Proclamation No. 171 on Aug. 26, 1999, is among the only 10 breeding grounds for green sea turtles in the world, hence the need to protect them.

The bill places the PA under the control and administration of a Protected Area Management Board (PAMB) and empowers PAMB with functions such as to conduct studies on various characteristic, features and conditions of the Turtle Islands Wildlife Sanctuary.

Oil price cut PETRON Corporation cut fuel prices starting yesterday.

Petron announced that effective 12:01 a.m. of October 27 (Sunday), it decreased price of diesel at 50 centavos per liter, kerosene at 45 centavos per liter, and gasoline at 40 centavos per liter.

Petron added that oil price adjustment included the provinces of earthquakeaffected Bohol and Cebu.

(PNA)

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IN-DEPTH

Page 13

T

By GRACE BEBER, Reporter

HREE ports in Mindanao are set to undergo rehabilitations as soon as the Philippine Ports Authority (PPA) completes the bidding process, according to a bid invitation published in newspapers.

PORTS EXPANSIONS. The Cagayan de Oro Port (above photo), the ports of Guinsiliban in Camiguin, Nasipit in Agusan del Norte, along with three others, are set to undergo rehabilitations as part of the government’s P301.1 million expansion program intended to hasten trade movements throughout the country. file photo

Gov’t intervention to speed up economic transformation urged

By DANIELLE VENZ, Contributor

THE government can focus on building the capacities of loca l companies and workers to well position the Philippines to seize immense opportunities offered by an expanding integration of Asian markets.

“A l t h o u g h i t i s important for countries to exploit their comparative advantage, some form of government intervention is often necessary to expedite

economic transformation,” said Stephen Groff, Vice President of Asian Development Bank (ADB), in a business conference.

To achieve this, Groff a ske d p ol ic y ma kers to prioritize on facilitating firms and workers to develop their capacities they need to manufacture new products, to enter new markets and to move up the development ladder.

“Given it s costc omp e t it i ve ne s s , t he re are opportunities for the Ph i l ip pi ne s t o b e ne f it f rom t he g row i ng cost of produc t ion i n some economies in the region and the consequent relocation of industrial production from those economies,” he said.

Grof f underscored the need for the country to strengthen its position in regional and industrial urged/PAGE 19

Mindanao Daily NEWS

This is part of the P301.1 million rehabilitation fund intended to improve a total of six ports in the country.

Projects will involve the development of the following ports: • Port of Cagayan de Oro; allotted P19.800 million.

• Port of Guinsiliban, Camiguin, with an approved budget of P17.636 million; • Port of Nasipit, Agusan del Norte, allotted P4.060 million; • Port of Batangas, allotted P19.877 million; • Port of Tacloban, allotted

P236.1 million; and • Por t of Di nga la n, Aurora, a l lot ted P3.70 0 million “Bidding is restricted to Filipino citizens / sole proprietorships, partnerships, or organizations with at least 75% interest or outstanding capital stock belonging to citizens of the Philippines,” the invitation read.

Interested bidders must subm it el ig ibi l it y docu ments -- ava i lable for P5,0 0 0, P25,0 0 0, or P50,0 0 0, depend i ng on expansion/PAGE 19

DTI assures prices of candles remain stable THE Department of Trade and Industry-Consumer Wel fa re a nd Bu si ness Regulation Group (DTICWBRG) is monitoring the supply and price of candles in observance of All Saint’s Day and All Soul’s Day. DTI-CWRBG Officerin-Charge Victorio Dimagiba said DTI met with candle manufacturers to ensure that supply and prices/PAGE 19

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14 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

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CorporateWorld

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Smart, Globe to offer Jollibee opens 800th store in Bukidnon iPhone 5S, 5C in Nov.

PINOYS will get their hands on Apple’s newest iPhones next month.

G lo b e Te le c om a nd Smart Communications on Friday said they will start offering the iPhone 5S and the colorful iPhone 5S to customers beginning on November 15.

No details were given on the pricing of iPhone 5S and 5C plans.

The iPhone 5S comes in three colors - gray, silver and gold. It has a faster processor, a camera which takes bursts of photos and chooses the best one, as well

JOLLIBEE, the country’s number one fast food chain, marked another milestone with the opening of its 800th outlet in the country located a long For t ich St reet i n Malaybalay City, Bukidnon.

The successful homegrown brand said it owed its achievement to the thousands of Filipino families who have continued to patronize the brand for more than 35 years now.

“We are proud to have reached another historic point in our 35 years of spreading the joy of eating to our fellow Filipinos. It gives us great satisfaction to prov ide high-qua lit y, great-tasting products and

alagang-Pinoy service to all our valued customers. They are the key to our success, and with our 800th store, we aim to serve even more

Filipinos and bringlanghapsa rap good ness even to the farthest corners of the Philippines,” said Jollibee Ph i l ippi nes President

Joseph Tanbuntiong in a statement.

“Malaybalay is a prime exa mple of a cit y t hat’s teeming in natural resources a nd c u lt u r a l her it a ge ,” said Ana Aluyen, Jollibee Reg iona l Busi ness Unit Head for Mindanao.

The 800th store is already the second for Malaybalay, with the first store opening more than a decade ago.

“We are conf ident in t he cont i nuou s g row t h of M a l ay ba l ay a nd t he province of Bukidnon and we are committed to provide more Filipinos with a place to bond and share happy moments over la ng hapsarap food,” said Aluyen.

WA S H I N G T O N McDonald’s said Friday it was dropping ketchup king Heinz as a supplier of the key hamburger condiment, citing management changes at Heinz that put the company closer to rival Burger King.

McDonald’s said it was ending a relationship of over 40 years as it axed Heinz from its supplier list.

“As a result of recent management changes at Heinz, we have decided to transition our business to other suppliers over time,” it said.

Drops/PAGE 19

Power Ltd., a UK wasteto - energ y de veloper, is i n t a l k s to bu i ld a 2 0 0 m i l l i o n - p o u n d ($ 3 2 3 m i l l ion) p owe r s t at ion i n t he Ph i l ippi ne s t hat will use trash to generate electricity.

The company is spea k ing to the operator of a la nd f i l l site about bui lding a 60-megawatt plant fed by commercial, industrial and household waste, said Chief Executive Off icer Rolf Stein.

Clean-energy producers ge t prem iu m pay ment s for t hei r out put i n t he

are required to source a portion of their electricity from renewables. The nation is among several target countries for Advanced Plasma in Sout heast Asia, where growing cities are straining available electricity supply a nd producing la rger quantities of waste.

“The power costs are ver y hig h a nd power infrastructure isn’t great and there seems to be a good dea l of grow th and m o n e y i n t h e r e g i o n ,” Stein said by telephone.

Advanced Plasma,

seeking to start the eng ineering a nd desig n phase of the power-plant project before the end of t he ye a r. C on s t r uc t ion would begin in mid-2014 and be completed before the end of next year.

The developer expects the landf ill-site operator to fund the plant, Stein said. If the project goes a head a nd i f Adva nced Plasma continues to see h i g h l e ve l s of i nt e r e s t in Sout heast Asia, it may establish a unit i n t he re g ion, he s a id .

(Bloomberg)

McDonald’s drops UK firm plans $323-M power plant Heinz ketchup A D VA N C E D P l a s m a Philippines, where utilities b a s e d i n L o n d o n , i s

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16 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

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AgriBusiness

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Model seaweed farms attract more growers in Davao region DAVAO Cit y -- Mo del seaweed farm cooperatives set up recent ly in t hree coastal areas of the Davao Region are now doing well and attracting keen interest among the coastal villagers here.

“We want these model seaweed farms to produce high quality seaweeds for export so that the villagers here can make more money growing seaweeds,” says seaweed i ndust r y cha i r Domingo Ang, president of PhilExport and Marina Tuna Corporation that buys most of the seaweeds produced by the seaweed farm coops and export them to China. .

Two of t he s e model seaweed fa rms a re now operating in Camudmud village, Babak district and in the village of Limao, here in the Island Garden City of Samal. The third model seaweed farm is located in the village of Mamali in the city of Mati, Davao Oriental

province.

Seaweed nurseries using good quality propagules have been set up in these model farms to supply more seaweed planting materials to coastal farmers who want to put up their own seaweed farms in

the three areas.

“It’s the only way we can help them boost their capacity to produce seaweeds in bigger volumes to meet rising market demand, Ang said I n a not her s e awe e d

project in Davao del Sur prov i nc e , t he s e awe e d industry team is putting up a seaweed processing plant that turns dried seaweeds into a powdery substance called “carrageenan” that seaweed/PAGE 19

Davao coco pest study bags nat’l tilt DAVAO City – A recent study on integrated pest ma na gement a ga i n s t a coconut pest k now n as Brontispa longissima that was submitted as an official entry of the Southern Mindanao Agriculture and Resources Research and Development Consortium (SMARRDEC) to the 2013 development category of the National Symposium on Agriculture and Resources Research and Development (NSARRD) was awarded the best research paper in the national level.

The study was commissioned by a Davao-based resea rch and development (R&D) consor t iu m a nd was funded by the Department of Science and Technology – Philippine Council for Agriculture, Aquatic and

Natural Resources Research and Development (DOSTPCAARRD).

In a statement sent to the Manila Bulletin, Dr. Lourdes Genera lao, SMAR R DEC director, lauded the research te a m composed of Dr. Cynthia Gallego, Vivencio Gallego, Ivorie Dela Torre, and Jenycar Gallego all of t he Phi lippine Coconut Authority-Davao Research Center (PCA-DRC).

“The study makes use of parasitoid Tentrastichus sp. that infests the larval and pupal stages of Brontispa longissima,” Dr. Generalao sa id, adding t hat t he parasitoid would eventually sterilize and consume its host.

She extended gratitude to t he members of t he research team whom she

said had made significant contributions to country’s coconut industry that remain as the country’s top earner in agricultural exports in the recent years.

The research, she emphasized, is technically feasible and socioeconomically acceptable at the farm level not only in Davao region but also in the country.

Vivenc io G a l lego, a member of the research team, in an interview, said that the pest Brontispa longissima entered in the Philippines t hrough shipments a nd imports of ornamental.

He added that the pest is invasive and have proven that its infestation could result to heavy losses for coconut growers in the region and even in neighboring

provinces.

Gallego said that in the study, they had developed a c o s t- e f fe c t ive a nd env i ron ment a l ly sou nd integrated pest management s t r a t e g y by t a p pi n g a parasitoid called Tetrastichus sp, Brontispa’s natural enemy.

The strategy will grow more Tetrastichus sp, release them in coconut plantations to eliminate Brontispa in a natural and cost-effective way, he added.

Af ter prov ing t he ef fectiveness of said integrated pest management, the PCA-DRC was able to spread the technique to coconut farmers and growers nationwide.

Dr. Genera lao added in the statement that from 2010 to 2012, PCA-DRC study/PAGE 19

Philippine Maize Federation, Inc. (PhilMaize) is planning to export 100,000 MT of corn.

Ph i l Ma i z e pre sident Roger Navarro said they are awaiting the approval of

the National Food Authority (NFA) counci l on t heir application to export quality corn to interested foreign buyers.

Harvest/PAGE 19

DA expects record corn harvest THE Depa r t ment of Agriculture expects record corn harvest this year despite the strong ty phoon that affected crops.

T he D e p a r t me nt of Agriculture (DA) remains optimistic that it will reach its record harvest of corn this year despite the damage wrought by recent typhoons.

DA Secretary Proceso Alcala estimated that 8.2 million metric tons (MMT) of corn will be harvested this year. This is 10.8 percent more than last year’s output of 7.4 MMT, and 28 percent more than in 2010.

Corn is the country’s second most important crop next to rice, and serves as

main staple of 14 million Filipinos.

Alcala said the annual production of corn has been steadily increasing during the Aquino administration.

“Likewise, the country’s corn sufficiency level has improved, from 83 percent in 2010 to 98 percent in 2012, and we expect to hit 105 percent sufficiency by yearend,” he added.

According to DA Assistant Secreta r y a nd Nat iona l Corn Program Coordinator Edilberto de Luna, with the estimated record harvest, the country is expecting a surplus of 150,000 MT to 200,000 MT, of which the private sector, particularly the

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Mindanao Daily 17 NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

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Peso advances vs green bucks as US jobless claims stay high THE PESO further appreciated Friday as the dollar’s weakness lingered with new jobs data again disappointing.

The local currency closed at P43.05 a dollar on Friday, gaining four centavos from its P43.09-per-dollar close on Thursday.

“There is still a weak dollar across the board.

Jobless claims were weaker than expected,” a trader said in a phone interview.

The jobless claims data released by the US Labor Department on Thursday n ig ht showe d t hat t he number of Americans filing for unemployment benefits

only fell by 12,000 to 350,000 in the week ending Oct. 19.

Economists expected the claims to fall to 340,000.

This followed weakerthan-expected non-farm payrolls on Tuesday, which showed that only 148,000 new jobs were created last mont h, wel l below t he 180,000 forecast by analysts.

Nevertheless, corporate demand kept the dollar firm against the peso, another trader said. Firms typically buy the greenback near the

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month-end as they need to remit their earnings to their parent companies.

The peso traded against t h e d o l l a r w it h i n t h e

P43.00-P43.115 range on Friday. Dollars traded on dropped to $529.4 million from $727.9 million the day before.

PDIC looks to sell assets of closed banks THE PHILIPPINE Deposit Insurance Corp. (PDIC) is scheduled to auction off assets of shuttered banks next month.

In a statement released on Friday, the state deposit insurer said it would sell “real properties and six bank premises with an aggregate minimum disposal value of P90 million on an ’as is, where-is’ basis” through a public bidding on Nov. 19.

The proper ties to be placed on the auction block -- commercial and residential lots -- are located in the Bicol Region, in areas such

as Albay, Camarines Norte, Camarines Sur and Sorsogon, the PDIC said.

The bidding will be held at the Bangko Sentral ng Pilipinas’ branch in Legazpi City, Albay.

Prospective bidders are advised to conduct an ocular of the properties and to assess and verify the land titles, among others, before submitting their bids.

Only bids from Filipino citizens or companies or associations that are 60% Fi l ipi no-ow ned w i l l be accepted, the PDIC said.

“A l l b i d s m u s t b e

accompanied by a bond or deposit equivalent to at least 10% of the submitted bid either in cash or manager’s or cashier’s check issued by a commercial bank... The winning bidder is required to pay the balance of the bid price not later than Nov. 28, 2013,” it added.

No extension will be given for the submission of bids.

In a separate statement, the PDIC also said it aims to sell 690 properties of closed banks at the 8th Housing Fair of the Housing and Urban Development Coordinating Council from

Oct. 25-27 at SM Megamall in Mandaluyong City. “ T he proper t ie s a re owned by various closed ba n k s a nd a re loc ated nationwide, including key cities and municipalities of the National Capital Region,” it said.

The sales can be settled on a cash or an installment basis. Interested investors can enjoy discounted interest rates of up to 20% of the minimum disposal price on a cash basis and up to 10% of the minimum disposal price on an instalment basis, it added.

YAO-CONTROLLED Mazy’s Capital Inc. has completed its acquisition of listed Maybank ATR Kim Eng Financial Corp. (MAKEFC).

In a disclosure on Friday, MAKEFC said its Singapore-

based parent, Maybank Kim Eng Holdings Ltd. (MKEHL), finished the sale of its 89.75% stake in the company, or a total of 958,923,466 common shares, to Mazy’s.

“The sale shares represent

all of MKEHL’s shareholdings in the company (MAKEFC) and MKEHL has ceased to be a shareholder of the company effective [Friday],” the disclosure read.

Last month, MKEHL

agreed to sel l a l l of its holdings in MAKEFC for some P3.2 billion.

The transaction included the transfer of MAKEFC’s assets -- such as its shares Buyout/PAGE 19

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Mazy’s completes buyout of Maybank unit

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18 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Editor : Clifford Santillan, E-mail: santillan.clifford@yahoo.com

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Sam Milby admits falling inlove with Jessy Mendiola’s simplicity Sam Milby revealed that it’s Jessy Mendiola’s simplicity that captivated his heart. “She’s someone that I always admire [for] her beauty. ‘Yung tipong wala siyang makeup, natural beauty siya and the fact that before I saw her on TV, hindi siya maarte, parang hindi niya kailangan glamorous lagi. I like simplicity eh in a girl and she’s just a simple girl, simple na she dresses sporty and outgoing,” he said.

Sam also admit ted he admires Jessy’s commitment to her family and that’s why he also fell for her. “You know when I got to know her more, the way she handles her family,

she takes care of them, she’s the breadwinner, marami siyang responsibilidad even at an early age and ‘yun nga her passion to take care of her family that’s what I appreciate about her.”

The actor admitted that they are still on the gettingto-know-each-other stage and he truly understands that Jessy’s main priority is her work. ”Actually kasi kami we’re still in that getting-to-know stage kasi early pa talaga eh and actually nong sinabi ko na nililigawan ko siya it was the very early stage of getting to know each other, siguro mga ilang weeks lang, two weeks pa lang eh so you know we’re

clifford’s

Daily HOROSCOPE AQUARIUS (January 20 – February 18) - This isn’t a day of thrills and excitement -- but how many of them can you take, anyway? You need to make sure that you’re sticking to your routines as much as possible. Clear out some old tasks.

PISCES (February 19 – March 20) - Creative energy is filling every crevice of your inner being -- but it needs a release! Make some art, dance in the bathroom, act out improve scenes at work or do whatever comes naturally.

ARIES (March 21 – April 19) - Your parents play a role in the day’s activities, even if they’re distant memories now. You’re still one result of their lives, and your connection to your heritage is as strong as it’s ever been.

TAURUS (April 20 – May 20) - You feel happier than you have in a while -- no matter what’s going on in your life. Some part of you is smiling, so focus on that and the rest should take care of itself.

Encourage others to do the same!

GEMINI (May 21 – June 21) - Now is a great time to focus on crafting, home brewing or other fun activities that can also save you some money.

Even if you feel flush, it’s better to sock the excess away than fritter it on unnecessary purchases.

CANCER (June 22 – July 22) - Your energy levels are nearing record highs today -- so make sure that you’re engaging with plenty of people and activities! You could also just focus on one big plan, if that’s where you’re at.

still at such an early stage of getting to know each other so I’m seeing a lot of nice things about her. Kakalabas lang ng Maria Mercedes and she’s very focused on her work right now and you know it’s something that I respect so much.”

Sam said he is fully aware that Jessy is also being courted

by Jake Cuenca. The actor said he is not bothered though and he believes that if he is really meant for Jessy, they would end up together. “In any courtship you make your efforts, you hope for the best, if it doesn’t happen to be me then ibig sabihin we’re not meant for each other. I will

take it positively. If we’re not meant for each other I’m sure the right person will come along the way. I’m kind of a hopeless romantic guy and I believe that if you’re really meant to be with one another, then you will end up together,” he said.

But is he confident that Jessy’s going to choose him over Jake? “Every guy has his own way of courtship and I’m doing my own way of courtship and I know that the other guy who is courting her is doing his ways and kung sino ang pinaka-swak sa kanya then siguro ‘yun ‘yung pipiliin niya.” push . abs - cbn . com

Mindanao Daily News’

-MovieWatch-

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take time

minute morning noon past second sunset twilight

THOR THE DARK WORLD release date : november

CIRCLE A WORD afternoon big pen dawn day one dial half hour man-hour

T h e s e q u e l t o T h o r, which was released in movie theaters in 2011, is officially entitled Thor: The Dark World.

Thor battles an ancient race of Dark Elves led by the vengeful Malekith who threatens to plunge the universe back into darkness after the events of The Avengers.

The director of t h e f i r s t T h o r m ov i e, Kenneth Branagh, does not return to direct the sequel. Disney has hired newcomer Alan Taylor, for a lot less money. Sad.

bedtime clockwork dawn daytime future hour hand midday

hand night overtime post time sunrise time sheet week

8, 2013

SUDOKU How to play the game?

Fill in completely every rows, columns and diagonals of each puzzle without repitition

of the same digit.

Yesterday’s Answer

LEO (July 23 – August 22) - Your charm and warmth are perfect for today’s quieter social activities. You may find it easier than usual to engage people who are ordinarily kind of difficult to manage. Make the most of it!

VIRGO (August 23 – September 22) - You’ve got friends who know just how to help -- as long as you can reach them in time. Keep an open line available for making sure you can get in touch with those who are closest to you.

LIBRA (September 23 – October 22) - This is not the time to stick your neck out -- far from it!

Someone may be looking to make an example of you, and that’s not good for anyone. Just relax and wait for your time to come soon.

SCORPIO (October 23 – November 21) - If you’re at a party tonight, you’re most likely the one off in a corner, deep in conversation with one other like mind. Your intense personal energy is perfect for amazing conversations and creating new connections.

SAGITTARIUS (November 22 – December 21) - It’s time to show how flexible you can be -- so make sure that you’re dealing with the world as it really is, not how you wish it was. Things are sure to get better as soon as your attitude adjusts.

CAPRICORN (December 22 – January 19) - Your newest ideas are your best ones today so even if you’ve got a few old favorites kicking around, try to focus on whatever came out of your brain box most recently. Surprise a friend!

Amazing Facts!

Did you KNOW?? ..

Only female mosquitos drink blood. And if you scratch a mosquito bite it makes it worst, as it causes more irritation and inflammation, resulting in your immune system thinking it needs more antibodies to get rid of the foreign protein. So the more you scratch, the more it will swell; the itchier it will get; and the longer it will last.

CROSSWORD puzzle across 1. Neck scarf 6. Fore and_ 9. Exempted 11. Declare positively 12. Camarines_ 13. Bliss 15. Excavate 17. Compete 18. Lady_ 19. Uncovered 21. Male persons 22. Theater section 23. Equipment 25. Comedian Veloso 26. Defraud 28. Preposition 29. Seek justice 30. Criminal charge 32. Game official 35. House pet 37. Director Kazan

38. QC area 40. Greek goddess of the night 41. Fatigued DOWN 1. Idiot 2. Potato 3. Reindeer 4. Conjunction 5. The_ Commandments 6. Actress Gardner 7. Wheel guard 8. Line of railroad cars 10. Plunge into water 11. _Maria 14. Range of mountains 1 6. Restraint on free speech

0. Occur time after 2 time 21. Bullfighter 22. Solitary 24. Hearing organ 25. Senator Legarda 27. Shoe part 29. Body of water 31. Fleshy fruit 33. Repair 34. Take a meal 36. Wander 39. Lithium symbol Yesterday’s Answer

Mindanao Daily 19 NEWS

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Expansion... from page 13

the project -- on or before Nov. 22 at the Department of Tr a n s p or t at ion a nd Communications (DoTC) office in Mandaluyong City.

The PPA is a governmentowned corporation under the DoTC tasked with the financing, management and operations of public ports throughout the countr y, according to its Web site.

Urged... from page 13

production net works and supply chains amid t he ex pa nd ing reg iona l integration in ASEAN and in Asia.

More ove r, t he A DB official also suggested other key measures to ensure that the country would achieve sustained high economic growth that generates jobs.

Groff said improvements in both quality and access to basic education are crucial for industrial upgrading and for the development of new industries that can compete internationally.

“A g r ic u lt u re h a s to “industrialize” by deploying infrastructure, introducing technological improvements, developing agribusiness, and increasing linkages to global value chains,” he said.

He added that infrastructure investment in the Philippines needs to be increased at par with other countries in the region.

“Finally, deepening and entrenching governance reforms is the key to building the trust of the private sector, which will ultimately provide an avenue out of poverty for many by creating more and better jobs,” Groff further said.

Prices... from page 13

price of candles in the market are stable.

“There is no price increase for candle products. The price of candle remains the same compared to last year,” said

northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Editor : Shaun Uy, E-mail: shaun_alejandrae_uy@yahoo.com

Dimagiba.

The DTI price bulletin showed that prices of candles range from P31.75 to P122.75 depending on its size and pieces, he said.

Further, the department will continue monitoring supply and price of candles in the market all through November 1 to 2, Dimagiba added.

Retailers were advised not to increase price of candles while consumers were asked to report cases of overpricing, he said.

Repor ts shou ld be addressed to DTI at (02) 751.3330 or 0917.834.3330 or in the nearest DTI office, the DTI OIC said. (PNA)

Drops... from page 14

In February US investment star Warren Buffett’s Berkshire Hathaway together with Brazil’s 3G Capital took over Heinz in a $28 billion deal.

That move brought Heinz closer to Burger King, which is controlled by 3G. The change would not be a large blow to Heinz.

McDonald’s said it only used Heinz ketchup in two US markets, Minneapolis and Pittsburgh, as well as some foreign markets.

McDonald ’s said in a statement that it would work with Heinz “to ensure a smooth and orderly transition of the McDonald’s restaurant business.”

The company said they “are confident that there will be no impact to our business, our customers and our great tasting food at McDonald’s.”

Funding for the industry cluster’s various seaweed pr o g r a m s c om e s f r om t he Bureau of Fisheries a nd Aqu at ic Resou rces (P1.8M), Japan International Cooperation Agency (P1M) t he Depa r t ment of Agriculture (P1.4M) and other sources. (PNA)

Study... from page 16

has released 1.054 m i l l ion Te t r a st ichu s sp to coconut g rowers i n C ent ra l Visaya s , Davao, S O C C S K S A RG E N , a n d Autonomous Region of Musl i m Mi nda nao (A R M M).

T he re s e a rc h c e nt e r here, she said, has a lso t ra i ned 1,678 coconut g rowers f rom Central Visayas, Z a m b o a n g a Pe n i n s u l a , S O C C S K S A RG E N , a n d C a r a ga on Te t r a st ichu s sp production and helped e s t a b l i s h a t o t a l o f 52 laboratories nationw ide.

Bront ispa long issi ma has already infested coconut trees in t he cou nt r y a nd t he need to a g g re s sively educ ate t he g rowers a nd fa rmers through sustained i n for mat ion c a mpa ig ns i s c r uc ia l, she s a id .

“The use of pesticides w il l only give temporar y rel ief ” she s a id , add i ng that biological control as a n a lter nat ive approach of fers susta inable a nd effective means to c ont rol t he i n fe s t at ion of Bront ispa long issima.

Harvest... from page 16

E a rly t h i s ye a r, t he country exported its firstever shipment of 24 MT of corn silage as cattle feed to South Korea.

A s of Au g u s t , tot a l shipment has reached 280 MT, which forms part of the 15,000 MT of corn feed and grains worth P75 million to be shipped by December 2013.

For 2014, the DA national c or n pro g r a m , w it h a proposed budget of P1.797 billion, targets to produce at least 8.4 MMT of corn.

De Luna said the additional production would come from identified 300,000 hectares of coconut areas that could be intercropped with corn. This initiative will be conducted in partnership with the Philippine Coconut Authority (PCA).

Buyout... from page 17

of stock in AsianLife & General Assurance Corp. and ATR Kim Eng Land, Inc. -- and liabilities to one of its subsidiaries, Maybank ATR Kim Eng Capital Partners, Inc., making the listed firm basically a shell company.

In a text message last month, businessman Alfredo M. Yao said he could not disclose plans for MAKEFC but said it was possible to ma ke it a vehicle for backdoor listing for one of his companies -- either Zest-O Corp. or Asiawide Refreshments Corp.

Seaweed... from page 16

can be used as a blending or gelling agent for various food applications.

Several products using seaweed-based carageenan powder had been made by small enterprises and food cooperatives in the province, according to industry officer Dr. Delia Bacaltos from a local research institute.

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