BusinessWeek MINDANAO CREDIBLE
Volume VIII, No. 49
Market Indicators
As of 6:00 pm September 28, 2017 (thursday)
FOREX
PHISIX
US$1 = P50.969
8,156.04
13.9 cents
X
65.88
X
points
Briefly
M’danao trade expo DAVAO City -- A number of Mindanao products will be introduced to new markets during the Mindanao Trade Expo in Makati City next month. Fresh from the successful staging of MTE 2017 in Davao City last August 1120, the MTE Foundation, Inc. (MTEFI) is making another major step to further widen the reach of the islandregion’s products and services. Set on October 2-5 at the Activity Center of Glorietta Mall in Makati City, the trade and retail exhibition is seen as a feasible mechanism to increase not only the visibility, but more importantly, the institutional buyers of the participating entrepreneurs.
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Filipino surfer falters, Brazilian surfer victorious
VICTORY. Brazilian surfer Raoni Monteiro is being carried by proud countrymen after his big win in the 23rd Siargao International Surf Cup that had drawn at least 115 world-class surfers. Photo courtesy of Tom Bennett of World Surfing League.
By CHRIS V. PANGANIBAN, Contributing Editor
GENERAL LUNA, Siargao Island--- Homegrown Filipino surfer Edito “Piso” Alacala Jr. failed to advance to the crucial semifinal rounds after he was booted out by Costa Rican finalist Tomas King in the quarterfinals rou n d s on We d n e s d ay afternoon. It was Brazilian Raoni Monteiro who captured the coveted 23rd Siargao International Surfing Cup in the four-day elevated World Surfing League Qualifying
Series 3000 event that had drawn at least 115 worldclass surfers from around the world. Monteiro pulled off a last minute surprise when he overcame the lead by King with a medium set wave that works for his advantage for the win with a heat total of 17.06 points. It was some kind of redemption for the 35-year-old surfing trainer back home after he incurred numerous injuries in 2014 that falters/PAGE 11
NorMin garners P4.6-B new investments in Q3 N
By MARK FRANCISCO, Staff Writer
ORTHERN Mindanao generated a total of P4.6 billion new investments from April to June this year, a 26 percent increase compared to the figure in the same period last year.
Investment gab DAVAO City —A promotion firm, in partnership with the Department of Trade and Industry (DTI) and the Philippine Women’s College (PWC) of Davao, will hold a business conference aimed at providing young entrepreneurs a place to discuss market opportunities. Dubbed as “Shaping New Millennials”, the conference will be held on Saturday (September 30) at PWC. It primarily seeks to assist young entrepreneurs acquire knowledge to become globally competitive and seize a share of the billion dollar ASEAN market opportunity. Kirby Arafol, promotions head of TDC Prestige, said his company is organizing the event and will be using the platform on “ASEAN on Stage Business Conference” to showcase, present and discuss market opportunities in the region for micro, small and medium enterprises in terms of accessing the ASEAN single market.
P15.00
Friday | September 29, 2017
Data released by the National Economic and Development Authority (Neda) showed Bukidnon posted the highest investment growth at P1.7 bi l l i on , m ai n ly du e t o construction projects of power plants in Manolo Fortich town and a shopping mall in Valencia City. CLOWN FISH: Clown fish are among the few species found in one of the marine sanctuaries in General Luna, Siargao Island, Surigao del Norte. mindanews photo by roel n. catoto
Eco group asks Davao City gov’t to junk waste-to-energy project By ANTONIO L. COLINA IV, MindaNews
DAVAO City -- The Ecowaste Coalition has called on the city government to turn down any proposal for a waste-to-energ y (W TE) project, claiming it would bring more harm than good
to the environment and health of the people. Ecowaste Coalition national coordinator Aileen G. Lucero told reporters Monday that WTE projects may cause water and air
pollution. She explained that such technology employs waste incineration t hat emits toxic chemicals like dioxin and that the people must learn instead how to reuse wastes. Junk/PAGE 11
But Misamis Oriental, which included the region’s prime city of Cagayan de Oro, remains on top with the most number of investments. During the period, the region’s top sources of investments were infrastructure and services, and energy sectors. garners/PAGE 11
Gardenia to build P1-B plant in Mis. Oriental By KRIS CRISMUNDO, PNA
G A R DE N IA B a ke r i e s Ph i lippi ne s announce d Tuesday that it will set up a PHP1-billion bread manufacturing plant in Misamis Oriental province. Gardenia president Simplicio Umali Jr. said the manufacturing facility will be built on a 2.5-hectare property at the PHIVIDEC Industrial Estate in Tagoloan,
Misamis Oriental, near Cagayan de Oro. “The new plant will cater to the increasing bread demand of Mindanao and will ensure greater availability of Gardenia loaves and buns across various distribution channels in the southern part of the country,” Umali said. gardenia/PAGE 11
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