BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 050
Market Indicators
As of 6:30 pm september 27, 2016 (tuesday)
FOREX
PHISIX
US$1 = P48.265
7,557.34
X
4.7 cents
75.12
X
points
Briefly Red ribbon expansion
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Agus, Pulangui dev’t to boost RE capacity www.businessweekmindanao.com
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DAVAO City -- Red Ribbon, the bakeshop brand under food service giant Jollibee Foods Corp., will open 12 stores in major cities in Mindanao, including Davao, Cagayan de Oro and Zamboanga, next year. “Twelve stores are in the pipeline for Mindanao,” Gina Mella Alcantara, Red Ribbon area manager, said in an interview after the recent launch of the chain’s first remodeled branch using the “dynasty” store concept. Among the first to be opened within the first quarter of 2017 are two branches in shopping malls in Davao City. Red Ribbon currently operates 14 branches here.
Steag’s tech-voc school VILLANUEVA, Misamis Oriental -- The Andrew Gotianun Foundation, Inc. (AGFI) has inked a Memorandum of Understanding with a pledge of P500 million to the Educational Research and Development Assistance (ERDA) Foundation and Xavier University to put up a Technical-Vocational High School for scholars at the PHIVIDEC Industrial Estate in Villanueva town, Misamis Oriental. The school, which will be called Andrew L. Gotianun, Sr. Center for Integrated Technologies, Xavier University, is envisioned to produce graduates who are world-ready, with international standard competencies, and spiritual and social commitment. AGFI shall finance the construction of the school buildings, workshops, and dormitories, as well as the provision of furniture and other equipment, IT, TechVoc machinery and transport vehicles. The Foundation also commits to partly finance the annual operating costs of the senior high school for the first five years of operations so all its students can attend as full, live-in scholars.
P15.00
Wednesday | September 28, 2016
By MYRNA VELASCO, Contributor
INDANAO is desperately exploring project development pathways that could reverse its carbon footprintladen coal plant installations, hence, it is now looking at the planned Agus and Pulangui expansion projects for colossal addition to its renewable energy (RE)capacity. R ome o Monteneg ro, Director for Investment Promotions and Public Affairs of the Mindanao Development Authority (MinDA), has apprised media on the sidelines of Powertrends 2016 that the l ong - blu e pr i nt e d Ag u s 3 expansion could yield capacity addition of 250 to
260 megawatts. The proposed Pulangui V hydro power plant expansion, on the other, will be for a big ger cap acity of 300 megawatts. Montenegro disclosed that the Agus-3 project has already secured its service contract from the Department boost/PAGE 11
GOOD VS. EVIL. St. Michael the Archangel emerges victorious over Lucifer in this epic battle of good versus evil as portrayed by street dancers yesterday, Sept. 22. The “Sayaw Saulog” street dancing competition is among the events during the Diyandi Festival in Iligan City, which will culminate during the feast of St. Michael the Archangel on Sept. 29. MindaNews photo by Bobby Timonera
Exporters seek creation of banana council By ANTONIO COLINA, IV, MindaNews
DAVAO City -- The Philippine Exporters Confederation Inc. (Philexport) in Davao Region called on the government to create a Banana Industry Development C ouncil (BIDC) that will “do the planning and handle the overall development” of the
Banana growers see peace talks as roadmap to Mindanao dev’t By ANTONIO COLINA IV, MindaNews
DAVAO City – The success of the peace process between the government and the National D e mo c r at i c Front w i l l enable Mindanao to attain its full economic potential, a business group said Monday. Stephen Antig, Pilipino Banana Growers and E x p o r t e r s As s o c i at i o n banana/PAGE 11
banana sector. Philexport-Davao president Ferdinand Marañon told Kapehan sa Dabaw Monday that the proposed council will focus on major challenges facing the banana industry including diseases and government regulations.
He s aid t he council will identify areas ideal for expansion to meet local and foreign demands, and lead in putting up a research center for the treatment of banana diseases, among other functions. Stephen Antig, Pilipino Banana Growers Exporters council/PAGE 11
The development of Pulangi Hydroelectric Power Plant in Maramag, Bukidnon and Agus 3 in Lanao del Norte could beef up renewable energy capacity in the Mindanao grid.
power outlook
DOE eyes social devt framework for energy sector By MIKE BAÑOS, Editor-at-Large
THE Department of Energy is working on the development of a social development framework for the energy sector aimed at raising the quality of life of people at the “base of the pyramid”. The Base of the Pyramid (BoP) is the largest, but poorest socio-economic group. In global terms, this is the three billion people who live on less than say
$2.50 per day The idea is espoused by influential US business school academics CK Prahalad and Stuart Hart, who argue that companies can help eradicate poverty by providing goods and services for the 4bn people who live on less than $2 a day - this group is known as the base of the pyramid. doe/PAGE 11
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