BusinessWeek Mindanao (September 24-25, 2015)

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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 040

Market Indicators

As of 6:00 pm september 24, 2015 (thursday)

FOREX

PHISIX

US$1 = P46.86

6,926.91

X

3 cents

X

124.32 points

Briefly Benefit disbursements BUTUAN City -- Benefit disbursements for Social Security System (SSS) members in this city and the rest of Northern Mindanao reached P1.98 billion for the first six months of 2015, reflecting an increase of 14 percent from the P1.73 billion released for the same period last year. SSS Assistant Vice President for Mindanao North Division Edwin M. Alo said the payments for regular pensions of about 95,400 SSS pensioners in the area, which amounted to P1.78 billion, comprised 91 percent of the total benefit disbursements from January to June 2015. “The six-month pension total for North Mindanao was 15 percent higher than the P1.55 billion we disbursed here for the first half of 2014. This increase was bolstered by recent SSS benefit enhancements, particularly the five percent across-the-board SSS pension hike that took effect just last year,” Alo said.

Agri courses THE Department of Science and Technology (DOST) region 10 announces that courses in agriculture, fisheries, forestry, geology, mining engineering, physics and physics teaching are top priority for scholarships that students can take up in their Bachelor’s degree. Teresita Superioridad Baluyos, DOS T re g i o nal schol ar shi p coordinator said during the 3rd Northern Mindanao Career Advocacy Congress on 18 September 2015 in Cagayan de Oro City that DOST is making agriculture courses top priority in their scholarship in response to the demand of the employment sector.

2014 ppi’S Best in ENVIRONMENTAL Reporting

P15.00

Biz groups to invest in Bangsa region www.businessweekmindanao.com

Thu-Fri | September 24-25, 2015

By IRENE DOMINGO Staff Member

T

HE business community has signified their commitment to help realize the hopes of the Bangsamoro people for a better life and end the four decades of conflicts in the area. Several business groups, together with development agencies, met with Moro Islamic Liberation Front (MILF) Chairman Al-Hajj Murad Ebrahim at Camp Darapanan last week expressing their intention to bring investments into the region. P r e s e nt d u r i n g t h e private meeting were representatives from First Agri Holdings Corporation (an affiliate of First Pacific Company Limited), Ayala Group of Companies (Ayala Corporation and Globe Telecom), Unifrutti Group of Companies, Meralco, PLDT, and Agusan Plantations, Inc. invesy/PAGE 11

DBM approves P5-B budget for Panguil Bay Bridge By ERCEL MAANDIG Reporter

THE Department of Budget (DBM) has approved the release of P5.087 billion for the construction of the Panguil Bay Bridge in Misamis Occidental, Rep. Henry S. Oaminal of Misamis Occidental said Friday. In an interview, Oaminal told BusinessWeek Mindanao that DBM Secretary Butch Abad has just approved the funding strategy and forward obligation authority for the construction of the bridge that would connect Lanao Del Norte and Misamis Occidental. dbm/PAGE 11

Davao chocolate fest opens today MORNING WALK. Workers check plots of lettuce every morning in a farm in Barangay Salumay, Marilog District, Davao City in this photo. mindanews photo by toto lozano

DOLE: Agribusiness, key job generator By JASPER MARIE OBLINA-RUCAT, Contributor

THE Department of Labor and Employment (DOLE) Bureau of Local Employment

Get your BWM Loyalty Card NOW for only P350.00 valid for one year, and avail of discounts to more than 150 participating business establishments.

(BLE) during its 3rd Northern Mindanao Career Advocacy C ong re ss l ast we ek i n

Cagayan de Oro City urged Career Guidance Counselors to introduce to students the career path in Agribusiness dole/PAGE 11

By JESSE PIZARRO BOGA MindaNews

DAVAO City -- The Davao Chocolate Festival returns this year with hopes to give more cacao farmers and chocolate makers in the region a platform to showcase cacao-based products, while further developing interest in cacao product development. SM City Davao, together with the Cacao Industry Development Association of Mindanao Inc. (CIDAMI), opens today, Sept. 25, the festival, which will showcase chocolate processors, artisans, and purveyors. The event opens in the morning with a ceremonial giant chocolate cake slicing, with activities and contests fest/PAGE 11

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