BUSINESSWEEK MINDANAO (NOV 7-8 2012)

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BusinessWeek M I N DA N A O

NOW

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Issue No. 123, Volume III •

Market Indicators

AS OF 5:27 PM NOV. 5, 2012 (MONDAY)

FOREX

PHISIX

US$1 = P41.24

5,457.82 points

6 cents

X

33.31 points

X

Briefly Flying V depots

DAVAO City -- Independent oil player Flying V plans to up three more oil depots in Mindanao next year. This was bared by Flying V’s Roland Villavicencio during the recent inauguration here of the company’s newest flagship station, the company’s 78th in Mindanao. Villavicencio said one depot each will be put up in General Santos City, Zamboanga and Cebu. Flying V currently has 12 depots including the Davao station.

Cagayan de Oro City

Wednesday-Thursday

every Mondays, Wednesdays, & Fridays

November 7-8, 2012

P15.00

Steag gets back online, boosts power supply

T

By MIKE BAÑOS, Correspondent

HE power situation in Mindanao improved over back to Mindanao the grid the weekend as a confluence of factors conspired at 1:28pm, more than 10 to raise the available supply of electricity. hours ahead of schedule” “On Sunday, November fired power plant in Vil- said Jerome R. Soldevilla, 4, Unit 1 of the STEAG lanueva, Misamis Oriental SPI communications officer. SPI’s Unit 1 went offline State Power Inc. (SPI) coal- started supplying power STEAG/PAGE 10

Rice production

KORONADAL City -- The Department of Agriculture (DA)-12 continues to spearhead the advancement of rice production in Region 12 (Soccsksargen) in connection with promoting food sufficiency in the region for the coming years. To further realize the department’s aim, a total of 90 local farmer technicians (LFTs) from South Cotabato, Sultan Kudarat, and Sarangani province underwent an educational tour to areas using recommended rice production technologies. Dr. Evelyn Saldivar, DA 12Extension Services and Education Training Section chief, said the tour was meant to enhance the knowledge of local farmers on rice production by equipping them with information on the observance and use of said technologies.

S and T fair

COTABATO City -- Science and Technology officials and staff of DOST Mindanao Cluster agreed to pursue a just and equitable development as they gathered for the First Mindanao Science and Technology Fair held October 10-14 in General Santos City in celebration of this year’s Science and Technology Week (NSTW). As a member of the MINDA DOST Cluster, DOST-ARMM regional secretary Abdulgalib Halub expressed support to the commitment to champion peace and development through science and technology and innovation citing the gains of government’s peace efforts with signing of the GPH-MILF peace Framework Agreement.

Steag’s preventive maintenance of one of its units was completed ahead of schedule boosting Mindanao’s power supply. (File Photo)

Expert says:

Utilize local people to protect, watershed areas (Part 2)

By BONG FABE, Correspondent

INCLUSION instead of exclusion. Former Environment department regional executive director for Northern Mindanao Raoul Geollegue, who is now the technical team leader of the Enterprise Works Worldwide/ Philippines (EWW/P), an affiliate of Relief Philippines, said it is now high time for everyone--not just

policy makers and political leaders--to think out of the box when it comes to protecting the environment. In a presentation of during the conduct of the Participatory Capacity and Vulnerability Assessment (PCVA) training-workshop for Barangay Carmen here, Geollegue said that instead of viewing indigenous WATERSHED/PAGE 10

Banana growers urged to invest in ripening facility THE Department of Agriculture (DA) has urged local banana grower and exporters, who wish tap the United States market, to invest in ripening warehouses in the mainland. “Banana exportation does not end with shipment.

After shipment, it has to be placed in a ripening room in a controlled temperature…If you do not have a ripening room, it would be useless to export (to the US),” Agriculture Secretary Proceso Alcala said.

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BANANA/PAGE 3


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