BusinessWeek MINDANAO CREDIBLE
Volume VIII, No. 45
Market Indicators
As of 5:50 pm September 19, 2017 (tuesday)
FOREX
PHISIX
US$1 = P51.036
8,162.7
X Briefly
X
14.1
131.44
cents
points
E-cigar regulation THE CAGAYAN de Oro City Council committee on health and sanitation and health insurance is now working on the enactment of an ordinance regulating e-cigarettes in the city. During its recent meeting, the committee, chaired by Councilor Maria Lourdes S. Gaane, discussed the proposed ordinance implementing the comprehensive anti-vaping ordinance of Cagayan de Oro, prohibiting the use, sale, distribution, and advertisement of electronic cigarettes in certain places within the city. It may be recalled that the City Legal Office submitted its legal opinion on the creation of the Smoke-Free Task Force, which stated that it is the mandate of executive agencies. According to the legal office, the e-cigar and Electronic Nicotine Delivery Systems (ENDS) has no legal basis since it is not covered in Executive Order 26.
Economic backbone PRESIDENT Rodrigo Duterte is optimistic that Mindanao’s abundant resources and dynamic people can contribute to the country’s growth and development. The President said he believes in Mindanao’s great potential as long as it has the right infrastructure and a sound business environment. “It is for this reason that the government is aggressively pursuing infrastructure projects in Mindanao,” Duterte said to around 600 business leaders on Saturday, September 9, during the closing ceremony of the three-day Mindanao Business Conference 2017 held at the Xavier Sports and Country Club, Cagayan de Oro city.
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Wednesday | September 20, 2017
AFTER DITCHING BOTTLED WATER BUSINESS
SanMig eyes filtration plant in Mis. Oriental P
By MARK FRANCISCO, Staff Writer
HILIPPINE food giant and conglomerate San Miguel Corporation is set to build a P60 billion water filtration facility in its sprawling 50-hectare property in Tagoloan, Misamis Oriental. Misamis Oriental Gov. Yevgeny Vincente Emano announced this on Monday during the Capitol’s flag raising merely a day after San Miguel Corporation president Ramon Ang made a shocking announcement of his own – that the conglomerate will stop its bottled water business on its own.
Ang, who released his statement on Sunday, also said that “we are happy to announce that the Purewater brand will live on but not as a plastic water bottle business but through SMC’s investment in filtration technology that will be deployed during calamities to make safe filtration/PAGE 11
BIMP-EAGA’s culture and arts festival opens Church build internet to serve today in Gen. Santos far-flung communities, schools TENT CITY. Children of evacuees from Marawi City spend time playing at the new tent city in Baloi-Lanao del Norte. Close to 200 families staying at the Mahad Abdul Aziz al Islamie Madrasa in Balo-i moved to this site late in August until early September. mindanews photo by h . marcos c . mordeno
By MINDANEWS
By CHRIS V. PANGANIBAN, Contributing Editor
BAYUGAN City -- A thriving Christian denomination here has established its own wireless internet broadband services not to lure more church members but to connect the world wide web
far-flung communities and schools not yet served by major telecommunication networks. To propagate its stateof-the art global Airmax internet/PAGE 11
A2wiser Broadband Internet Corp. executive Geary Barias.
GENERAL Santos City -The diverse and rich culture, heritage and artistr y of peoples within the Brunei, Indonesia, Malaysia, Philippines-E ast As ean Growth Area (BIMP-EAGA) will take the centerstage in a five-day grand culture and
arts festival that will open here on Wednesday. Adelina Suemith, acting executive director of the National Commission for Culture and the Arts (NCCA), said Tuesday they are all set for the first-ever Budayaw festival/PAGE 11
Bukidnon Hedcor inks power supply deals with 5 Mindanao distributors By MARK FRANCISCO, Staff Writer
AB OITIZ Power subsidiar y, Bukidnon Hedcor, Inc., has entered into supply contract agreements with five utilities in Mindanao in preparation for its integration into the Mindanao grid this December. Bukidnon Hedcor, Inc. assistant sp okesp ers on L loyd Re vi l la identified the five utilities as Zamboanga del Sur I Electric Cooperative, Zamboanga del Sur
II Electric Cooperative, Siargao Electric Cooperative, Misamis Occidental I Electric Cooperative and Bukidnon Second Electric Cooperative (Buseco). Revilla said that the two power plants of Bukidnon Hedcor, Inc. are now 90 percent complete and expected to be onstream by December this year. deals/PAGE 11
HYDRO PLANTS. The turbine pipes (indoor) and penstock (outdoor) power Hedcor’s two hydropower plants in Manolo Fortich, Bukidnon. photos by mark francisco
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