BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 045
Market Indicators
As of 6:10 pm september 15, 2016 (thursday)
FOREX
PHISIX
US$1 = P47.571
7,708.42
X
2.8 cents
X
162.41 points
Briefly Green economy SURIGAO City -- The Department of Trade and Industry (DTI) Surigao del Norte in partnership with the Deutsche Gesellschaft fur Internationale Zussamenarbeit (GIZ) in behalf of the Ministry for Economic Cooperation and Development of Germany conducts a two-day in-phasing event cum technical session on green economic development for the micro, small, and medium enterprises (MSMEs) of the province from September 14 to 15, 2016 held at Parkway Hotel, this city. According to DTI provincial director Celestino L. Negapatan, the activity highlights the gains of the Promotion of Green Economic Development (ProGED) project and sustaining its promotion in the province. “The activity will be a venue not only MSMEs to share their stories and the positive results of adopting green initiatives in their businesses but also inspire other MSMEs to go green through testimonials of those who already implemented and benefited the green technologies in their establishments,” says Negapatan.
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Buseco partially pays bills, averts blackout www.businessweekmindanao.com
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By CRIS DIAZ, Contributing Editor
HE expected power outage in Bukidnon province on Thursday did not push through after the Bukidnon Second Electric Cooperatives (BUSECO) paid part of its P7.19 million power bill.
BUSECO paid about P700,000 or 10 percent of its P7.19 million power bill, said Nikki Tortola, Chief Operating Officer of the Bukidnon Sub-Transmission Corp. (BSTC). “The National Grid Corp.
of the Philippines (NGCP) was set to disconnect the 69-kilovolt MalaybalayMaramag power line on Thursday,” Tortola said, adding that BUSECO was ordered by the Energ y Regulator y Commission
(ERC) to pay 10 percent of the total amount the power distributor owes to BSTC. BUSECO complied with the ERC order, otherwise the city of Malaybalay and part of Valencia, as well buseco/PAGE 7
DOE hunting down illegal LPG refillers By MYRNA VELASCO, Contributor
Trade decline THE total merchandise trade declined as exports continue to slide in July 2016, given that global economic recovery remains slow, according to the National Economic and Development Authority (NEDA). The Philippine Statistics Authority reported that total revenue from trade fell from US$ 12.2 billion in the previous year to US$11.4 billion in July 2016. This is attributed to the 13 percent decline in exports and 1.7 percent decline in imports. “We must continue to upgrade and improve our industries to ensure their competitiveness and resiliency to shocks,” said Socioeconomic Planning Secretary Ernesto M. Pernia. The decline in exports is due to the decrease in demand for Philippine products from traditional markets such as Japan, China, Hong Kong, and USA.
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Friday | September 16, 2016
PELICAN. An Australian pelican flies above the waters off General Santos City looking for food. Bird experts say this was the first time this kind of bird was spotted in the Philippines. mindanews photo by ferdinandh cabrera
Australian pelican birds seen catching fish in GenSan waters By FERDINANDH CABRERA, MindaNews
GENERAL Santos City – Fisher folks in the village of Minanga in Buayan District here regularly see fish-catching birds. But about a week ago, they were surprised to see a big one, which turned out to be an Australian pelican (Pelecanus conspicillatus), which apparently flew from faraway land. Local birds gliding from afar to catch a fish
in the waters of Sarangani Bay, that body of water fronting this city, has been a daily sight for 62-year-old Levy Discamento, a local resident. “What c au g ht ou r attention were local birds we call ‘agit-it’ flocking in mid air and chasing a bigger bird,” he said. “There appeared to be a dog fight similar to what we see on TV when planes
trade missiles.” Then he saw a Caucasian-looking man filming the big bird, who then uploaded his shots and footages on Facebook. The next morning, a throng of men and women arrived in the village with their huge digital cameras waiting for the Australian pelican to show up. Discamento admitted he was almost tempted to take hold of the bird “since birds/PAGE 7
THE Department of Energy (DOE) will flex its muscles to vigorously hunt down entities or parties that have been illegally engaged in refilling of branded cylinders of liquefied petroleum gas (LPG) products. The Independent Philippine Petroleum Companies Association (IPPCA) has indicated that this was the point of discussion they had with Energy Secretary Alfonso G. Cusi in their recent meeting. Such prohibited practice in the industry revolves around circumstances wherein some entities or individuals will refill branded cylinders of LPG even if they are not authorized to do so. IPPCA noted that “no less than Secretary Cusi has committed to go against illegal LPG refilling activities that imperil not only the lives of consumers but also damage properties.” These unlawful acts are widely known to be fire hazards, but unscrupulous individuals are still unabated on their operations. IPPCA member-companies have noted refillers/PAGE 7
DRIED FISH. Aside from fishing, this fisherman spends his time drying galunggong (big-bellied round scad) and tamban (sardine) in Barangay Bayabas, Cagayan de Oro City. photo by gerry lee gorit
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