RURAL TRANSIT BACHELOR EXPRESS
“First in Service, Foremost in Fleet Maintenance”
BusinessWeek
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www.businessweekmindanao.com Issue No. 81, Volume III • June 15-17, 2012
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P15.00
Market Indicators
AS OF 5:35 P.M., JUNE 14, 2012 (Thursday)
FOREX
PHISIX
US$1 = P42.57
5,020.85 points
88.76 points
;
; Briefly .04 cents
Watershed week
DAVAO City -- Citing the importance of watersheds to the lives of the people in Mindanao, Archbishops Orlando Quevedo of Cotabato and Antonino Ledesma of Cagayan de Oro have called for a proclamation of a Mindanao-wide watershed awareness week which shall culminate in time for the annual observance of World Environment Day every fifth day of June. Quevedo told reporters here during the recently held Mindanao Economy and Environment Summit that among the culprits of the massive degradation of the watersheds in Mindanao is the people’s lack of knowledge and action on the issue.
D
AZZLED by the opportunities offered by China’s vast and increasingly prosperous populace, Renante Flores Bangoy, the owner of a small banana plantation in Panabo City, decided three years ago to stop selling to multinational fruit corporations and stake his future on Chinese appetites. Through a local exporter, he started shipping all his fruit to China.
Today, his estate on the tropical island of Mindanao is scattered with heaps of rotting bananas. For seven weeks now — ever since an aging U.S.-supplied Philippine warship squared off with Chinese vessels near a BANANA/PAGE 11
Hospital wastes
A GROUP of Dabawenyo inventors pitched their locally developed pyro-clave technology to the Davao City government. They are proposing to build an infectious medical waste processing facility in the New Carmen sanitary landfill. Pyro-clave is a non-burn waste processing technology where infectious wastes from hospitals and medical facilities are converted into charcoal.
Power 101
BUTUAN City -- The National Grid Corporation of the Philippines (NGCP) will conduct a session and press briefing today, June 15, to provide information to the local tri-media in Caraga region. Milfrance Q. Capulong, NGCP Regional Corporate Communications and Public Affairs Officer for Mindanao, said the activity is a program of their division which is intended for the media community nationwide. Capulong explained that it is an educational forum where media partners are updated on the latest activities that the NGCP is undertaking.
A plane sprays pesticide in a banana plantation in Panabo City.
Florante Flores Bangoy, a banana grower in Panabo, is feeling the brunt of the ongoing dispute in the Scarborough Shoal.
Lawmaker backs of sin tax bill A REPRESENTATIVE from the district of Camiguin expresses his support to the sin tax bill, noting that he gives more weight on resolving health-related issues than the additional revenues it could generate to boost government coffers. “Taxes are immaterial here, what count’s more is the well being of the people,” Representative Pedro P. Romualdo said. Having undergone a triple bypass heart surgery due to smoking, Romulado capitalizes heavily on the positive results it could bring to the people, citing that more and more patients are admitted in the hospitals TAX/PAGE 11
Davao-Manado route revived By CARMELITO Q. FRANCISCO Correspondent
DAVAO City -- Wings Air, a unit of Indonesia’s Lion Air, will resume next month its weekly DavaoManado service four years after suspending the route. The airline company replaces Cebu-based Mid-Sea Express which stopped f lying the route last April, a month af ter the launching. Mid-Sea Express had used a 19-seater Jetstream 32 aircraft. Indonesian Consul General Eko Hartono, who was at the city’s airport for a chartered f light of Wings Air on Thursday, said he hopes this latest venture would be sustained. “This is a big leap forward for both countries,” said Mr. Hartono. In order for Wings Air to
sustain its service, it needs a passenger load factor of about 80%, the Indonesian official said. One way to sustain the DavaoManado air service, said John Goldeto T. Baricuatro, president of John Gold, a travel company, is to promote the two areas as tourism and business destinations. “Our plan is to lure tourists so they can visit our city and nearby areas,” said Mr. Baricuatro. The company has decided to use an ATR 72-500 aircraft, a
72-seater plane, which is smaller than the 54-seater aircraft it used in 2008. The regular weekly f lights would start on July 5. Mr. Hartono said the service would strengthen the links between the two countries, which are both members of the BruneiIndonesia-Malaysia-Philippines East ASEAN Growth Area. Flights between the two cities take about an hour and a half. The one-way air fare, based on previous services, had been less than $200. In previous years, Manado traders f lying from this city were reported to have brought with them cosmetics as well as liquor in bulk. Manado is the capital and commercial hub of North Sulawesi province.
LPG giant sets int’l marathon tilt By: SHAUN ALEJANDRAE YAP UY Staff Member 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
PryceGas Pres. Rafael P. Escaño announces the PryceGas International Marathon 2012 set on Dec. 2 Cagayan de Oro. PHOTO BY RONALD MASTAIL
PRYCE GASES, Incorporated recently launched, what is to be the biggest running event in the City of Golden Friendship, the Pryce Gas International Marathon 2012 – Unleash the Inner Flame. The competition will bring in run-
ners both from the local and national marathon scene and international athletes as well. The marathon has running distances set as 42k, 21k, and 5k. This will take runners to the roads of Cagayan de Oro City, with Pryce Gardens as the starting and finishing lines. RUNCHECK, Cebu City’s premiere LPG/PAGE 11