BusinessWeek MINDANAO 2 cents
Best in Business and Economic Reporting
Philippine Press Institute Civic Journalism Community Press Awards 2013
Volume V, No. 43
Market Indicators
As of 6:07 pm sep. 13, 2014 (Saturday)
FOREX
PHISIX
US$1 = P43.91
7,201.88 points
X
6 cents
X
unchanged 10.72 points
Briefly Fibeco power source ASIAN Greenergy (AG) Corp. and a Bukidnon power distributor have sought regulatory approval for their 20-year supply deal. In a joint petition dated Aug. 6, AG Corp. and First Bukidnon Electric Cooperative, Inc. (FIBECO) asked the Energy Regulatory Commission to authorize the implementation of their power supply agreement (PSA). FIBECO currently sources the bulk of its power needs from the Power Sector Assets and Liabilities Management Corp. (PSALM). The remaining comes from King Energy Generation, Inc. and Crystal Sugar Company, Inc. Currently, FIBECO’s load requirements average 31.54 MW every month -- of which 24.3 MW is supplied by PSALM.
Viable power FOR President Aquino, coal is still the most viable source of electricity that will attract more investments for power generation in Mindanao. During the launching of the Mindanao Inclusive Agribusiness Program at the SMX Convention Center in SM Lanang in Davao City, the President said coal is most accessible now as Mindanao needs more power sources. “If Mindanao needs power now, coal is one of the most accessible at this point in time,” he pointed out. The President’s stand runs contrary to the calls of various environmental groups for clean and renewable energy.
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Real Expo boosts CDO’s housing, auto industries By CHENG ORDONEZ, Associate Editor and IRENE DAYO, Staff Writer
A
ROUND 40 exhibitors from the real estate and automotive industries have joined the three-day “BPI Housing Festival with Family Auto Loan and BusinessWeek Real Expo” which runs from Sept. 12-14 at the activity area of Limketkai Center in Cagayan de Oro City.
The activity, spearheaded by BusinessWeek Mindanao and Jatico Events, showcases various products and services by bigtime players in upscale housing such as condominium developers, and the ever growing automotive industry. The Bank of the Philippine Islands (BPI) also provided a booth where thousands of walk-in clients get an easy access to the real expo/PAGE 11
EDITORIAL
A salute to BWM, BPI housing expo Top corporations in the housing indust r y and automotive business have gathered at Lim KetKai Center for BusinessWeek Mindanao’s Real Estate Expo and BPI Housing Festival With Family Auto Loan, giving more credence to Cagayan de Oro’s title as the Most Competitive City in the country. The event which started Friday and culminates today is another feather to the cap of Dante Sudaria’s
BusinessWeek Mindanao and Mindanao Daily’s campaign to give boost and support the economic strides of Cagayan de Oro’s business communities. Co-organized by Jatico Events, and supported by the City government of Cagayan de Oro, the 3=day event magnificently exhibited the products and promotions of some 40 stakeholders in real estate and automobile industries. editorial/PAGE 11
HOUSING AND REAL EXPO. Big players in Cagayan de Oro’s real estate and automotive industries in a ceremonial toast that formally opens the first-ever “BPI Housing Festival with Family Auto Loan & BusinessWeek Mindanao RealEXPO 2014” held Sept. 12-14 at the activity center of LimketKai Mall. The event, spearheaded by BusinessWeek Mindanao Group of Publications and Jatico Events, provided clients with opportunities to easily access the products and services offered by big players in the industry. photos by glenn palacio
GenSan hopes to bag Guinness record for biggest display of tuna By MINDANEWS
PINOY INGENUITY. While his wife attends to a customer, a man prepares the oven for cooking peanuts attached to the family’s motorbike which has been made into a mobile store selling food items in Malaybalay City. mindanews photo by h . marcos c . mordeno
GENERAL Santos City -- Fish port workers here displayed and weighed around 33,610 kilograms or 33.61 metric tons (MT) of tuna in about 15 minutes on Thursday to notch a potential new Guinness world record for the largest fish display. Such figure was based on the official records of the Philippine Fisheries Development Authority (PFDA), which operates the tuna/PAGE 11
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