BUSINESSWEEK MINDANAO AUGUST 24,2012

Page 1

BusinessWeek

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com Issue No. 101, Volume III • August 24-26, 2012

*Limited to Silver 700, Gold 950, Platinum 1,150 and Premium HD 1,350 packages. Contract of 24 months lock in period z One month advance required.

Call: 8572663 762112 8573837

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

P15.00

Market Indicators

AS OF 6:13 PM AUG. 22, 2012 (Wednesday)

FOREX

PHISIX

US$1 = P42.29

5,152.15 points

54.66 points

;

; Briefly 13 cents

Palm varieties

THE Regional Development Council 10 (RDC 10) endorses its support for the inclusion in the mandate of the Philippine Coconut Authority (PCA) the development of other palms such as sugar palm (kaong), fishtail palm (pugahan), and the palm wood (bahi). This is to enhance support in the development of other palm varieties into an industry in the region and respond to the demands for other palms based products and by-products in the domestic and foreign markets. This is to enable PCA to appropriate funding support for research and development of the other potential palm varieties.

Coco industry

OROQUIETA City -- The Misamis Occidental provincial government (MOPG) will work for the revival of the coconut industry in the province. This assurance came from Governor Herminia M. Ramiro who said the province will workout a new program that will revive the industry through the Department of Agriculture (DA), by distributing new coconut varieties, such as, the dwarf variety, that only takes a shorter time for the trees to bear fruits. The governor said she is looking forward that this new scheme will be able to help the coconut farmers in their livelihood and bring back the luster of the industry. Copra is one of the main products of the province but the coconut industry has been taken for granted and left–out, thus the need to revive it, the Governor also said.

By CARMELITO Q. FRANCISCO, Correspondent

D

AVAO City -- The city government is finalizing its bid to host next year’s Philippine Advertising Congress, an official said.

“We are optimistic that the city will become the venue of the advertising congress. The city has a lot to offer ranging from having sufficient hotel rooms, good food and metropolitan lifestyle,” said Jason C. Magnaye, Davao City Tourism Operations Office head. During the culmination of the annual Kadayawan Festival at the weekend, city government representatives met with Tourism Secretary Ramon R. Jimenez, Jr. to appeal for support on hosting the biennial advertising event. The ad congress, which attracts over 2,000 delegates, was last held in Camarines Sur in November last year. LIMITED FACILITIES In previous years, Davao had failed to convince organizers due to limited facilities, particularly on lodging and convention areas. Facilities have improved for the past AD/PAGE 10

FLOAT. CAMELLA Homes’ social arm, Villar Foundation, won first place in the “Pamulak sa Kadayawan” float competition in the recently concluded Kadayawan Festival in Davao City. (PHOTO PROVIDED)

Exorbitant taxi charges reach dead end Caraga intensifies

anti-logging drive

By JORIE C. VALCORZA, Contributor

THE Regional Development Council 10 (RDC-10) Infrastructure and Utilities Development Committee (InfraCom) endorses a resolution calling for enforcement policies prohibiting taxicab drivers from engaging in flagged-up meters or operating on contractual basis. Engineer Modesto C. Babaylan, private sector representative co-chairperson of the InfraCom, said in last week’s 94th RDC full council meeting held in Camiguin TAXI/PAGE 10

By NEF LUCZON, Correspondent

Exorbitant charges by taxis at the Lumbia airport will soon end.

THE campaign against illegal logging has been intensified in Caraga Region with the recovery of high-value illegally cut logs, the most recent of which was along the two rivers in Agusan del Sur on Monday afternoon, according to state information body. The crackdown was led by the AntiIllegal Logging Task Force with support CARAGA/PAGE 10

Aboitiz group backs efforts to uplift quality education By BUTCH D. ENERIO Correspondent

CONTINUING its commitment to uplift the quality of education in the country, the Aboitiz group of companies, through its foundation, built

and turned over two school buildings, with two classrooms each, here Friday. The more than P4 million school building projects benefited the Corrales and Bulua Elementary Schools. ABOITIZ/PAGE 10


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.