BusinessWeek Mindanao (December 10-11, 2015)

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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 074

Market Indicators

As of 5:30 pm December 10, 2015 (thursday)

FOREX

PHISIX

US$1 = P47.19

6,820.60

X

3 cents

X

27.65 points

Briefly Shop wisely THE Department of Health (DOH) tells the public to shop wisely for toys as gifts this holiday season. A safe toy is defined by the DOH as one that is suitable to the child’s physical capabilities, mental and social development, durable, and safe for the child’s age. “We must not only look at the value but also the quality of the item. Aside from being appealing and suitable for a child’s age, toys should be safe.” Health Secretary Janette P. Loreto-Garin explained. For newborns to one year old, DOH suggests toys such as rattles, large and brightly colored balls, washable stuffed dolls or animals with big and clearly defined faces. Toddlers or children ages two to three years old are recommended with toys such as wooden animals, dolls, sturdy kiddie cars, modeling clay, and rocking horses.

Job facilitation ILIGAN City -- The League of the Public Employment Service Office (PESO) Managers of Iligan City - Lanao del Norte, through the Department of Labor and Employment, Regional Office No. 10 (DOLE-10) – Lanao del Norte Provincial Field Office (LDN PFO), conducted its two-day Year End Performance Assessment and 4th Quarter Assembly on 9-10 November 2015 in Tubod, Lanao del Norte. DOLE-10 LDN PFO Head Remegio D. Cabañog reported some 15 PESO managers of the city and the different Municipalities in Lanao del Norte Province attended. Restituto Rosales, PESO manager of Tubod and the League President, presented the updates on Republic Act 10691, which is an act that gives way for the institutionalization of the PESO that was already signed by President Benigno S. Aquino, III during the recent PESO Congress that was held at the Philippine Cultural Center, Manila on 26- 29 October 2015.

2014 ppi’S Best in ENVIRONMENTAL Reporting

Longer brownouts to grip CDO this holiday www.businessweekmindanao.com

Thu-Fri | December 10-11, 2015

P15.00

By CHENG ORDONEZ, Executive Editor

P

OWER consumers in Cagayan de Oro are mostly likely to celebrate the entire Christmas season with more hours of darkness as the National Power Corporation (NPC) has imposed another 18-megawatt curtailment within the franchise area of local distributor Cagayan Electric Power and Light Company (Cepalco). This has exacerbated the existing shortfall in Cepalco’s energy supply. Jaime Rafael U. Paguio, Cepalco senior vice president, said the distribution utility (DU) had no choice but to extend the brownout periods per district, following the 18MW curtailment and the pending approval of its provisional authority for the purchase of an additional 10MW from a new modular diesel power plant operated brownouts/PAGE 11

MILKFISH CULTURE. Workers prepare their gears before setting a harvest of milkfish, locally known as “bangus” at the floating fish cages in the coastal village of Mahayahay, Carmen, Agusan del Norte. Milkfish culture is a rising industry in this part of the province. photo by jun ayensa

More tourists expected in Peace-building fund build roads Dinagat Island this year helps in Lanao Norte By ROEL CATOTO, MindaNews

NATIVE CAROLERS. Remy Bawian, 25, a lumad from Paquibato District in Davao City poses for a photograph at the Buhangin gymnasium in the city on Tuesday, December 8. Bawian is one of the hundreds of lumads from the hinterlandswho go around the city for caroling. mindanews photo by keith bacongco

SAN JOSE, Dinagat Island -The number of tourist arrivals in Dinagat Province has increased this year compared to the previous year, an official said. Benlen Naval, head of the provincial tourism office in Dinagat Province said there were 45,825 tourists from January to September compared to only 25,966 from January to December last year.

“This would mean more jobs and opportunities locally,” Dinagat Gov. Glenda Ecleo said on Saturday. In her State of the Province Address last Wednesday in San Jose town, Ecleo cited that the tourism industry has helped boost the local economy. The sugar-fine white sand in Bitaog Beach in Barangay Rizal, tourists/PAGE 11

By MARK FRANCISCO Staff Writer

FARM-to-market roads worth P56 million in five towns in Lanao del Norte province were completed this year by the Department of Agriculture (DA) with funding from the Of f ice of the Presidential Adviser on the Peace Process (OPAPP). fund/PAGE 11

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