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B u s i n e s Week Mindanao Advertising Department Tel/fax Nos. (088)856-3344, (08822)74-5380 CELL NO. 0917-7121424 0923-4320687
Issue No. 61, Volume III • March 30-April 1, 2012 Editorial: 088-856-3344 • Advertising: 0917-7121424
Market Indicators
AS OF 3 P.M., MAR. 28, 2012 (Wednesday)
FOREX
PHISIX
US$1 = P42.99
5,073.61 points
.5 cents
;
5.95 points
;
Briefly Rural devt projects THOUSANDS of residents and farmers in the province of Misamis Occidental have started to benefit from the various development programs of the government, and more are expected to benefit from ongoing and soon to be implemented projects. The vital projects under the Mindanao Rural Development Program (MRDP) Rural Infrastructure Project, and the Community Fund for Agricultural Development (CFAD) are also expected to improve the income of villagers, and to have food security through the development of rural infrastructures, agri-fishery, livelihood and bio-diversity conservation activities in the far-flung communities.
Regulated products THE updated list of prohibited and regulated export products has been released as guide to exporters and the supply chain. The Bureau of Customs (BoC) identified other products prohibited and regulated for exports covering items which are banned for exports; and those covering exports for logs, copper and coffee. The list also includes those with import quotas in other countries such as garments and sugar. In Customs Memorandum Circular 30-2012, BoC Commissioner Rozanno Rufino Biazon informed port collectors and other concerned officials about the implementation of revised list of products that are prohibited and regulated for export.
Sardines production ZAMBOANGA City -- The impending power crisis in the city will take its toll on the production of canned sardines, Industrial Group of Zamboanga Inc., President Engr. George Ledesma said. To somehow lessen the impact of the power shortage, Ledesma asked local power provider to inform them in advance of the schedules of power interruptions. “We asked them to give us advance notice for us to avoid disruptions during production process,” Ledesma pointed.
P15.00
XU studes pick Primavera as Paragon of Project Management JUNIOR Business Administration students majoring in Business Economics from Xavier University-Ateneo de Cagayan recently visited the showroom and Office of Italpinas’ Primavera Residences at the Pueblo de Oro Business Park as part of their orientation in their Project Management Class. “We selected Primavera Residences as an ideal model for a practical application of the theories we learned inside the
classroom,” said one of the students who preferred to remain anonymous. The group of 49 students led by their adviser Dr. Normybelle S. Cruz had a project tour last March 10, 2012. “We believe the on-going construction of Primavera is a good example of the hands-on application of the theories we learned and would enhance our knowledge regarding Project Management,” he added. (Read full story on page 3) Primavera Residences Model Unit.
By IRENE DOMINGGO Reporter
M
INDANAO’S power problem maybe over by May this year with the expected completion of maintenance work on hydroelectric plants and the implementation of a circular that compels electric cooperatives to contract available capacity from expensive plants, the Department of Energy said.
“Assuming nothing else goes wrong - walang plantang masisira, walang madidisgrasyang equipment - then sometime in May we will be able to handle already the situation,” Secretary Jose Rene Almendras said. Parts of Mindanao have been suffering from one- to three-hour daily power outages as a result of insufficient Workers pave a road at the relocation site in barangay Canitoan, Cagayan de Oro, a project speargenerating capacity. headed by First District Congressman Benjo Benaldo. The housing units donated by the Chinese POWER/PAGE 10 community for Sendong victims and are now being readied for occupancy. Photo by Gerry L. Gorit
Sabotage in Mindanao Convention City Kagay-an: power problem: solon Life after Sendong By ALLAN MEDIANTE, Executive Editor
DAVAO City Congressman Karlo Alexei Nograles has decried that the current power shortages in many parts of Mindanao could be a perfect example of economic sabotage - a crime against the people. “Mindanao could not be lacking in power sources like its hydro power sources and other power alternatives. I hope it is not human greed for the power of money that is causing all our woes,” Nograles surmised.
Nograles strongly called for a Congressional inquiry into the continuing power black out hitting many parts of Mindanao and other areas in the Visayas. “We have to pinpoint the real culprit. There must be an explanation to all these unnecessary sufferings we are experiencing,” he said. Nograles also lauded the reported decision of transport authorities in Northern Mindanao to reduce bus fares to help residents recover SABOTAGE/PAGE 10
By MIKE BAÑOS Correspondent
BARELY three months after being hit by one of the worst disasters ever to hit the Philippines, Cagayan de Oro is rising like the proverbial phoenix from the fire to reclaim its status as one the country’s premier convention destinations. The reason for the optimism is the imminent completion of key infrastructure projects which would put the City of Golden SENDONG/PAGE 10