MARCH 23,2012 BUSINESSWEEK MINDANAO

Page 1

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BusinessWeek

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com Issue No. 59, Volume III • March 23-25, 2012

Market Indicators

AS OF 5:24 P.M., MAR. 22, 2012 (Thursday)

FOREX

PHISIX

US$1 = P43.10

5,043.52 points

6 cents

;

5.58 points

;

Briefly NorMin exports

NORTHERN Mindanao exports for the year 2011 was valued at US$1.064 billion, higher by 15 percent compared with the US$926.45 million in 2010. Thus revealed Engr. Cecilio Clarete, chief economic development specialist of National Economic and Development Authority (NEDA) in Region 10, during the media forum on the regional economic situationer held at the NEDA Conference Room, recently. He said Bukidnon posted the largest increase of 97 percent, from US$58.21 million to US$114.94 million, boosted primarily by the exports of sugarcane. Lanao del Norte and Misamis Oriental also reflected positive performances with US$303.25 million and US$541.40 million worth of exports, respectively.

High employment

ZAMBOANGA City -- The National Statistics Office (NSO) said three Mindanao regions are among the top five areas in the country that registered a high employment rate in January this year. This, as the NSO’s labor force survey for the month of January this year registered an employment rate of 92.8 percent which is slightly higher compared to the rating in January 2011 at 92.6 percent. The three Mindanao regions’ high employment rate in January this year are the Autonomous Region in Muslim Mindanao (ARMM), 97 percent; Zamboanga Peninsula, 96.6 percent; and the Soccsksargen (South Cotabato, Cotabato, Sultan Kudarat, Sarangani and General Santos City), 96 percent.

Editorial: 088-856-3344 • Advertising: 0917-7121424

P15.00

Figaro starts brewing coffee at Uptown Condotel By JOE PALABAO, Reporter

A NEW coffee shop starts brewing at the newest flush condotel in Cagayan de Oro. Figaro formally opens today, Mar. 23, at Uptown Condotel located near Xavier Estates Business Park, Fr. Masterson Avenue. Figaro provides a com-

fortable ambiance for coffee lovers especially that the place is just near the world renowned Pueblo de Oro Golf Club, and several business outsourcing centers or call centers. It promises to serve the descriminating tastes of golfers, businessmen, and middle class residents of

Uptown Condotel. Uptown Condotel, on the other hand, is near completion. It is designed as a full service luxury hotel with all the comforts of home. It has a floor area that varies per unit, minimum floor area is 45 square meters and maximum of FIGARO/PAGE 15

Deployment of available power barges ordered By IRENE DOMINGO, Reporter

P

RESIDENT Benigno S. Aquino III has instructed the Mindanao Development Authority to convene and address the power problems in Mindanao even as he ordered the augmentation of power barges available, Presidential Spokesman Edwin Lacierda said on Wednesday.

Lacierda said that in response to the President’s directive, the Mindanao Development Authority has already convened the stakeholders in the energy sector -- the cooperatives and the local government units (LGUs). CRISIS/PAGE 12

P8 minimum fare in effect in Normin By GERRY L. GORIT, Reporter

THE Land Transportation Franchising and Regulatory Board in Region 10 has already started implementing the 50-centavo provisional fare increase for public utility FARE/PAGE 12

Italpinas VP for Sales and Marketing Daniel R. dela Cruz meets with President & CEO Romolo V. Nati earlier this month at the Makati office to discuss new plans for the sale and marketing of Primavera Residences.

Primavera Residences looks up with appointment of new VP, Sales Group THINGS are looking bright for the Italo-Filipino joint venture group which is bringing Primavera Residences,

Northern Mindanao first truly eco—friendly building with the recent appointment of a new sales head to head its newly

Social Entrepreneurship takes new drift with auto show By MIKE BAÑOS, Correspondent

SOCIAL Entrepreneurship projects have literally taken Land Transportation Franchising and Regu- a new drift in Cagayan de latory Board (LTFRB) director Mandangan Oro with the advent of P. Darimbang showing the new provisional what aims to be Northern jeepney fare rates in Region 10. Mindanao’s biggest motor PHOTO BY GERRY L . GORIT

show aimed at raising funds for the economic upliftment of victims of the Tropical Storm Sendong disaster. The 1st Cagayan de Oro International Motor Show dubbed “HOTCARZ AUTO/PAGE 12

organized independent sales group. ITALPINAS Euroasian DePRIMAVERA/PAGE 15


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MARCH 23,2012 BUSINESSWEEK MINDANAO by BusinessWeek Mindanao - Issuu