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Market Indicators
AS OF 5:23 P.M., MAR. 16, 2012 (Friday)
FOREX
PHISIX
US$1 = P42.94
5,145.89 points
; ; Briefly 7 cents
114.11 points
Eco-labels
By IRENE DOMINGO, Reporter
MORE manufacturers and retailers are encouraged to secure eco-labels on their products and services as an ecofriendly measure, at the same time to enhance the domestic and export market opportunities. This is through participating in the National Ecolabeling Program-Green Choice Philippines (NELP-GCP) which promotes the production and purchase of environmentally-friendly products and services. June M. Alvarez, the executive director of the Philippine Center for Environmental Protection and Sustainable Development, Inc., noted that the European export market is now one of the major drivers in eco-labeling requirement. This is especially required in Western Europe including Germany and Nordic countries.
R
URAL electric cooperatives are blaming the alleged “dispatching” or the forced curtailment in the operation of power plants for the hours-long power outages in many areas in Mindanao this year. The Association of Mindanao Rural Electric Cooperatives (Amreco) claims that brownouts in the Mindanao grid were caused by the forced curtailment in the full operation of the hydroelectric power plants that will pave the way for the use of expensive power sources from coal and other diesel-fired plants. Sergio Dagooc, general manager of the Siargao Island Electric Cooperative in Surigao del Norte and president of the Amreco, said that they knew about the manipulation of the distribution of power, termed as “dispatching” in the power industry, after Energy Secretary Jose Almendras showed them the daily
Camiguin power lines CAMIGUIN -- Scuba diving experts who inspected the condition of the 13.2-KV line submarine cable along the coastline of Barangay Liong in Guinsiliban found four dislodged strands of armor protection wires, possibly due to constant rubbing of the cable against coral reefs and pebbles or by intentional cutting to use it for fishing gear. The team likewise found part of the cable hit by an anchor as the area is often made as hiding place of fishing boats when waves are strong. With this, restriction and entry in the vicinity is now being strictly enforced following the guidelines set and approved by the Sangguniang Panlalawigan just recently. It prohibits any entry of fisher folks, fishing vessels or any persons or group not authorized by the local electric cooperative.
POWER/PAGE 9 BUSINESS CONFIDENCE. Ayala Land President & CEO Tony Aquino welcomes merchants and guests during the Merchant’s Preview for Centrio Mall held March 15 at Xavier Sports and Country Club. Inset is Centrio Mall perspective. PHOTO BY MIKE BAÑOS , NPN
Merchants’ support for Centrio reflects business confidence in CDO: Ayala exec By MIKE BAÑOS, Correspondent
IN what company officials termed as an unprecedented show of support, some 170 merchants for the upcoming Centrio Mall in this city joined the Merchants’ Preview
hosted by Ayala Land, Inc. (ALI) and Anflo Corporation Group March 15 at an exclusive club here. “This is an unprecented show of support,” said Antonino T. Aquino, Ayala Land president and chief executive officer in
Normin gets P9.97-B investments in 2011 By APIPA P. BAGUMBARAN, Contributor
INVESTMENTS monitored by the Department of Trade and Industry in Northern Mindanao reached P9.97 billion last year, according to the National Economic and Development Authority (NEDA) in Region 10. Engr. Cecilio Clarete, chief economic development specialist of NEDA-10, said P4.17 billion of the total regional investments or 41.8 percent
a talk with local media. “We have never had this number of merchants fly over to a regional mall. This is a vote of confidence not only on Ayala but Cagayan de Oro as well.” Ma. Rowena M. Tomeldan, CENTRIO/PAGE 8
Davao City is still BPOs’ top choice DAVAO City has maintained its lead as an attraction for the business processing outsourcing (BPO) sector in 2011, with nine other cities maintaining their rank from the previous year, according to a report released last week. The city was tagged by the Business Processing Association of the Philippines (BPAP) and Department of Science and Technology (DoST) -- in the Next Wave Cities Report -- as the top outsourcing site after Metro Manila, Metro Cebu and Metro Clark. Davao was followed by Sta. Rosa, DAVAO/PAGE 8
Government urged to include oil palm as high value crop By RUFFY MAGBANUA, Contributor
MALAYBALAY City – The feverish push to include oil palm as high yield value crop in the National Greening Program (NGP) of the government gets into high gear, the Philippine Palmoil Development Council Inc (PPDCI) said as it concludes the 1st Palm Oil Investment Forum held in INVESTMENTS/PAGE 9 this mountain-top city.
The forum, attended by over 100 local key players of the palm oil industry in Mindanao, served as a prelude to a bigger oil palm event in March next year – the staging of the 8th National Oil Palm Congress in Cagayan de Oro City to be hosted by A Brown Energy Resources Development Inc. (ABERDI) headed by its President Robert Pizarro. PALM/PAGE 9