MARCH 9,2012 BUSINESSWEEK MINDANAO

Page 1

BusinessWeek

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com Issue No. 55, Volume III • March 9-11, 2012

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

P15.00

Market Indicators

AS OF 5:43 P.M., MAR. 7, 2012 (Wednesday)

FOREX

PHISIX

US$1 = P42.28

4,921.36 points

; ; Briefly 7 cents

46.03 points

Healthy nipa sugar

BUTUAN City -- A development group in Mindanao has recommended to farmers, especially sugar planters, to take advantage of the nipa tree to boost their sugar production, which is also expected to propel the growing economy in the Caraga Region. Based on a study, the group said nipa trees belong to the same family as that of the coconut tree, but the sugar produced from it has low glycemic index, and according to international standards, if the glycemic index is within 50 or below 50, the product is good for the body. For the coco sugar, the glycemic index is about 35 and for the nipa, it is lower than that of the coco sugar.

Lanao workshop

TUBOD, Lanao del Norte – Officials of the Provincial Road Management Facility (PRMF) fully supported by the Australian Agency for International Development (AusAID) conducted a three-day capacity-building workshop in an effort to strengthen provincial institutional capacity and governance systems related to the provision, management and maintenance of provincial roads. The recently concluded workshop seminar was participated by 51 provincial officials and employees at the MCC Hotel, Tubod town, this province. The workshop was also facilitated by the Human Resources Management Office (HRMO) of Lanao del Norte LGU.

Student Work

ZAMBOANGA City -- The Department of Labor and Employment (DOLE) will double its budget for its Special Program for the Employment of Students (SPES) with a similar increase in budget by local government units (LGUs) starting summer this year in the Zamboanga Peninsula. DOLE Regional Director Sisinio B. Cano said part of the increased budget will be used for the employment of students not just during the summer break but during the whole year starting this year. Students will be given a maximum of 52 working days, with 60 percent to be shouldered by the partner agency or LGU and 40 percent from DOLE.

By NELSON V. CONSTANTINO, Editor-in-Chief with GERRY L. GORIT, Reporter

M

AL ACAÑANG sti l l seemed clueless in solving the worsening power deficiency in Mindanao which resulted to up to four hours of daily brownouts in many provinces in the island.

In a recent radio interview, Palace deputy spokesman Abigail Valte has said that Energy Secretary Rene Almendras has discussed the situation with electric cooperatives and distribution utility firms “but solutions have not been agreed upon.” She added that Almendras would also talk with Mindanao lawmakers in two or three weeks and discuss proposed solutions. Valte said that only Almendras can tell how long the brownouts in the Visayas POWER/PAGE 9

USAID vows to assist M’nao food processors By DANIELLE VENZ, Contributor

THE United States will continue providing assistance to Mindanao food processors in a bid to increase their product competitiveness in both domestic and export markets at the same time penetrate more international markets. The United States Agency for International Development (USAID) intends to extend its five-year Growth with Equity in Mindanao (GEM) program that ends this December 2012. It is implemented in partnership with the Mindanao Development Authority (MinDA). FOOD/PAGE 10

BUSINESS DEAL. Mr. Freddie Par, the owner of Manila-based advertising agency––the A’ Venture, listens to BusinessWeek and Mindanao Daily publisher Mr. Dante Sudaria as they reach an advertising deal during their meeting at Pryce Plaza Hotel yesterday. The agreement includes ads placement and other joint ventures. Par also publishes Cebu’s The Voice. Photo by Gerry Gorit

Mindanao IP, Bangsamoro to reaffirm kinship in ritual By BONG FABE, Correspondent

INDIGENOUS peoples (IPs) and the Bangsamoro of Mindanao will reaffirm their kinship in a ritual to reawaken the very good relationship between the early Islamized and non-Islamized inhabitants of Mindanao. The kinship relations of

these early inhabitants of Mindanao resulted in the execution of the traditional peace pacts such as the Tampuda hu Balagen, Dyandi, Pakang, and Sapa, said Victorino “Datu Migketay” Saway of the Talaandig tribe of Sungko, Lantapan, Bukidnon. “These peace pacts are relevant to the ongoing peace negotiations between the gov-

ernment and the Moro Islamic Liberation Front [MILF],” he said in an interview. Saway said that the basis of the covenant between the Bangsamoro and the IP is known today as the “Five Pillars of Kinship” composed of Kilalaha (mutual recognition and respect); Sayuda (mutual RITUAL/PAGE 7

Alsons allots $280-M to fund power projects in Mindanao ALSONS Consolidated Resources Inc. (ACR), the listed holding company of the Alcantara family’s power and real-estate businesses, is in talks to borrow from local banks to partly fund a $280-million power expansion project in southern Mindanao.

In an interview with reporters on Friday, ACR Chief Financial Officer Luis Ymson Jr. said the company is likely to tap BDO Unibank Inc., Development Bank of the Philippines and Rizal Commercial Banking Corp. to provide financing for a 100 megawatt (MW)

coal-fired power plant in Sarangani province. “We hope to get the tariff that we signed which is now under ERC [Energy Regulatory Commission] review,” Ymson said. “Once we get ERC approval we hope to get financial close with our FUND/PAGE 5


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