Businessweek mindanao jan 27

Page 1

BusinessWeek

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com Issue No. 43, Volume III • January 27-29, 2012

Market Indicators AS OF 2 P.M., JAN. 26, 2012 (Thursday)

FOREX

PHISIX

US$1 = P43.13

4,670.49 points

; ; Briefly 5 cents

43.86 points

Dubai market

KORONADAL City -- Processed pork products from Socssksargen Region or Region 12 could soon be exported to United Arab Emirates where the same products can also be sold to other countries, an official of the Department of Agriculture said. Evelyn Jaruda, feeds and veterinary drugs control officer of DA-12, said that initial shipment destination of “pork-ina-box” will be to Dubai City. Dubai City, she said, offers a potential market for meat products because of the large population of overseas Filipino workers (OFWs) there. Residents of the city also include other nationalities such as Indians who also include pork meat in their diet.

Environment

IN LIEU of the global issues on climate change, the Brunei Darussalam-IndonesiaMalaysia-the Philippines - East ASEAN Growth Area (BIMPEAGA) ministers have adopted environment management as one of its strategic pillars for the sub-regional cooperation. “The Philippines successfully pushed for the inclusion of environment as a new strategic pillar in addition to the three (3) major pillars of the sub-region,” reported Mindanao Development Authority Chairperson Luwalhati Antonino. The other three strategic pillars of BIMP-EAGA are food basket/food security, ecotourism and enhancing connectivity.

Nickel plant

SURIGAO City -- An eco-friendly $2.5-billion nickel processing plant will soon rise in Nonoc Island after rehabilitation works of the mothballed nickel refinery will be completed following the signing of a memorandum of understanding (MOU) between two giant corporations witnessed by local executives recently. “The old nickel refinery owned by Philnico Mining Corporation will be rehabilitated by San Miguel Corporation, this year, which committed to replace it with a modern nickel plant using the electromagnetic processing technology in extracting nickel ores. It’s eco-friendly for it does not use chemicals unlike decades ago,” City Mayor Ernesto Matugas said.

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Mindanao port posts slightly higher cargo By NELSON V. CONSTANTINO Editor-in-Chief

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ESPITE the slump in the exchange of trade worldwide, the Mindanao Container Terminal (MCT) in Tagoloan, Misamis Oriental has recorded robust growth as it posted an increased cargo volume last year. Phividec Industrial Authority Seaport Manager Dante Clarito said cargo volume reached 210,507 twentyfoot equivalent units (TEU) for the entire year of 2011, slightly higher than its target of 210,000 TEUs. Clarito said that MCT, one of the emerging ports outside Metro Manila and operated by International Container Terminal Services Inc. (ICTSI), has become the major backbone of big industries in the region such as Nestle, Del Monte Philippines and Pilipinas Kao, while the regular callers are American President Lines, Maersk, Regional Container Lines and Mariana, he said. He, however, noted that although some industries have slowed down a bit, export of wood products has emerged the top performer in 2011. “Our volume could have been higher if not for the slowdown in wood export products during the second half of the year,” Clarito said. Since ICTSI took over the operations of MCT some three years ago, the cargo volume of the facility in Tagoloan, Misamis Oriental continues to improve. In 2010, the MCT posted a 51-percent increase in containerized cargoes handled to 180,308 TEU from the previous year’s volume of 118,687 PORT/PAGE 8

Despite slowdown recorded by major industries in the region last year, the Mindanao Container Port Terminal in Tagoloan, Misamis Oriental has managed to post considerable growth in terms of cargo volume due to the robust wood export industry. FILE PHOTO

Business leaders hit Aquino on environment By CARMELITO Q. FRANCISCO Correspondent

DAVAO City -- Leaders of the Mindanao business sector have criticized the Aquino administration for taking a reactive stance and for not taking a decisive step on policies affecting the environment and natural resources,

Cagayan de Oro BPOs cope with Sendong aftermath By MIKE BAÑOS, Correspondent

CAGAYAN de Oro’s three major Business Process Outsourcing (BPOs) were fortunate enough to escape the wrath of Tropical Storm Sendong whose killer floods caused over a thousand fatalities and caused over a billion pesos worth of damage to public infrastructure and private BPO/PAGE 10

specifically logging and mining. Vicente T. Lao, chairman of the Mindanao Business Council, said the administration of President Benigno S. C. Aquino III has failed to show political will in stopping illegal mining and logging especially in Mindanao. “President Aquino should have shown LEADERS/PAGE 9

International confab to study impact of mining in M’nao set By CARINA CAYON, Contributor

DAVAO City -- An international conference slated on January 26-27 in the city seeks to study on the implication of mining operations in Mindanao. The Catholic Educational Association of the Philippines (CEAP) and the Ateneo de Davao University have set the International Conference on Mining in Mindanao this week at the AdDU campus, this city.

AdDU President Fr. Joel E. Tabora, SJ said the conference intends to update the delegates on and to analyze the current mining operations in Mindanao, and how these impact on the environment, livelihood, rights and lives of people within and outside the mining communities. Bearing the theme “Mina para Nasudnong Interest sa Katawhang Pilipino (Mining for the National Interest of CONFAB/PAGE 7


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