JUNE 11,2012 BUSINESSWEEK MINDANAO

Page 1

RURAL TRANSIT BACHELOR EXPRESS

“First in Service, Foremost in Fleet Maintenance”

BusinessWeek

THE NEW HD BOX. ONLY FROM PARASAT

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com Issue No. 80, Volume III • June 11-14, 2012

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

P15.00

Market Indicators AS OF 6 P.M., JUNE 8, 2012 (Friday)

FOREX

PHISIX

US$1 = P43.27

4,994.07 points

;

28.88 points

;

11 cents

Briefly Surgical mission

MALAYBALAY City -- A free surgical operation for cleft lip and cleft palate will give hope for poor children and young adults born with such facial deformities as surgery will be offered starting today until Sunday, at the Bukidnon Provincial Medical Center (BPMC), Casisang, Malaybalay City. Dr. Mike Prantilla, Assistant Chief of Hospital, BPMC, said this mission consist of one full day of screening on June 8, from 8:00 a.m. to 5:00 p.m., requires each patient to pre-register at the out-patient department (OPD) of the BPMC in preparation for the scheduled surgical operation on June 9 and 10.

SurSur population

TANDAG City -- The population count for the period of 2000 to 2010 in Surigao del Sur increased by 1.12 percent, the National Statistics Office (NSO) here said. In a written statement released by the NSO-Surigao del Sur provincial office, there is one person added per year for every 100 persons in the population. As of the May 1, 2010 Census of Population and Housing, Surigao del Sur has a total population of 561,219. It was higher by 59,411 than the population count reported in year 2000.

Coop scholars

MATI City -- Lucky applicants can avail of Davao Oriental Electric Cooperative (DORECO) scholarship grants starting school year 2012-2013, in an effort to help its membersconsumers with the education of their children. The scholarship mechanics state that there shall be two scholars from each of the six districts of DORECO, and scholars will enrol in a two-year course in a College accredited by DORECO.

By MELANIE REVIRA, Staff Member

T

HE Bangsamoro Development Agency (BDA) and two civil society organizations signed on Friday a new, three-year, US$ 3-million partnership under the World Bank-led Mindanao Trust Fund-Reconstruction and Development Program (MTF-RDP) to increase access to basic services in conflict-affected areas of Mindanao.

The agreement extends development assistance to over 20,000 households in 21 municipalities across nine provinces in Mindanao. Started in 2006, the MTF-RDP is a US$ 16-million multi-donor facility that supports economic and social recovery and promotes inclusive and effective governance in conflict-affected areas of Mindanao. PEACE/PAGE 8

Despite economic hardship, Filipinos send their children to school even without guarantee of sustaining their studies up to secondary level. The Department of Education (DepEd) has started implementing this year its K-12 program which makes elementary education up to seven years. PHOTO BY MIO CADE

DOE calls for strict monitoring of LPG By JORIE C. VALCORZA, Contributor

TO fully enforce regulations on liquefied petroleum gas (LPG) refilling and distribution, the Department of Energy (DOE) is now pushing for the creation of an LPG Task Force at the local level in bid to strengthen its monitoring. Alex H. Rayos, chief of the DOE Retail Market Monitoring and Special Concerns DivisionOil Industry Management Bureau LPG/PAGE 7

Mindanao first rubber summit cites hurdles RUBBER may have bright prospects for Mindanao local economies like that of Sarangani and Cotabato provinces, but both government and the business sector have to address constraints to growing the industry, experts said in a rubber forum held in Maitum last May 30. A press release of the Maitum municipal government last June 2 quoted Harem R. Roca, a profes-

sor of the University of Southern Mindanao, as enumerating several challenges the industry faces, including limited access to credit, unstable peace and order, questions on land tenure, poor infrastructure as well as inadequate support for processing, marketing and other requirements. In his keynote speech, Remus RUBBER/PAGE 2

BSP to present survey results on households’ financial conditions Beside U.C.C.P., C.M. Recto Ave., Nat’l Highway, Cag. de Oro City

Cell No.: 0917-304-6195

BACK TO SCHOOL PROMO!

Trained by:

RICKY REYES & DAVID’S SALON Makati City

Ivie Crystal “Ivie” Condrado is crowned Miss Teen CdeO 2012.

DAVAO City -- The Bangko Sentral ng Pilipinas (BSP) is set to release on June 11 the results of its first Consumer Finance Survey of the Philippines (CFS), a data on the financial conditions of

households. Diwa C. Guinigundo, BSP deputy governor for Monetary Stability Sector, said the CFS results will specifically show what the households own (financial

and non-financial assets) and from whom and how much they borrow (sources of credit and level of indebtedness). The CFS also generates SURVEY/PAGE 9


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