BUSINESSWEEK MINDANAO NOV. 5,2012

Page 1

BusinessWeek MINDANAO

Issue No. 122, Volume III •

Now

YOUR LOCAL ONLINE BUSINESS PAPER

every Mondays, Wednesdays, & Fridays

www.businessweekmindanao.com

Cagayan de Oro City

Monday-Tuesday

November 5-6, 2012

P15.00

Market Indicators

As of 5:56 pm ocT. 30, 2012 (Wednesday)

FOREX

PHISIX

US$1 = P41.27

5,397.42 points

X

7.74 points

X

6 cents

Briefly Camiguin’s lanzones

MAMBAJAO, Camiguin -- This island province is synonymous to sweet lanzones. It’s October festivities center on this lucrative industry. After years of study to better improve the shelf life of its renowned fruit, the island now starts introducing a new variety called “camlong” or the Camiguin longkong lanzones. The camlong is a cross breed of the local variety and longkong - a variety usually grown in Thailand and Indonesia. Longkong is described to be almost seedless and with a skin or peel that has almost no latex. Camiguin Governor Jurdin Jesus M. Romualso said that for seven years, they had been doing studies to produce the camlong variety.

DavNor entreps

TAGUM City -- Davao del Norte Governor Rodolfo del Rosario is encouraging entrepreneurs in the province to take advantage of tourism growth in the region by pushing their products to the market. “There are up to ten flights in Davao City everyday so you can just imagine the number of people arriving in the city on a regular basis,” del Rosario said. Most of these people , he said, won’t stay in Davao City all the time so we have to develop our tourism and be ready when they come. He said it is so easy to proceed to Tagum City and the rest of Davao del Norte province because of the good road connection from Davao. However, he said, the entrepreneurs from the province should be ready with their products when the tourists come.

S

TAKEHOLDERS in Mindanao’s mainly hydro-based power industry are bracing for the impact of a possible dry spell on power supply next year, an official said.

“Mindanao is facing a precarious power supply situation,” said Romeo M. Montenegro, director for investment promotion and public affairs of the Mindanao Development Authority (MinDA). The MinDA official, however, has assured that the current deficit of 278 megawatts (MW) on Wednesday, a fifth of the island’s demand, could be addressed in the short term. MORE BROWNOUTS. An engineer checks the valve of one of Abotiz Power hydro power plant. With the expected onset of El Niño next year, Mindanao During the 2010 Mindanao power crisis that lasted until May will again be bracing for more brownouts. (file photo)

UN: Climate-related disasters’ cost US$2 trillion since 1992 THE United Nation’s International Strategy for Disaster Reduction (UNISDR) said in a data recently released that total damages of climate-related disasters since the 1992 Rio de Janeiro Earth Summit up to this year already amounted to US$2 trillion or “approximately 25 years total of Overseas Development Aid (ODA).” Organisation for Economic Co-operation and Development (OECD) data showed that ODA from 1986 to 2010 totalled approximately US$1.7 trillion. The UNISDR data also showed that in 20 years, climate-related disasters have affected 4.4 billion people and killed 1.3 million people worldwide. The number of disasters-affected people since the first Earth Summit in 1992 is

Sendong devastation.

equivalent to “roughly 64 percent of the world’s population” while the number of people killed is “comparable to over 1,500 airplane (A380 airbus) crashes,” the UNISDR data showed. This as UNISDR chief Margareta Wahlclimate/PAGE 9

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of that year, power deficiency on the island was from 400 MW to 500 MW with curtailment in several areas extending to as long as 10 hours daily. Based on projections by the Philippine Atmospheric, Geophysical and Astronomical Services Administration, Mr. Montenegro said, another long dry spell could hit Mindanao by the summer of next year resulting in lower water levels and reduced output by the Agus power/PAGE 9

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PAF Air Base moving to CdO’s Lumbia airport By MIKE BAÑOS, Correspondent

P.L.

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The PAF’s 15th Strike Wing will be moving its headquarters from the Danilo Atienza Air Base in Sangley Point, Cavite City to Lumbia Airport in Cagayan de Oro City as soon as the Laguindingan Airport in Misamis Oriental is ready to accommodate civil aviation operations from Lumbia. (photo supplied).

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IF plans push through, Cagayan de Oro’s Lumbia Airport will soon be a fullfledged military base. The Philippine Air Force will be moving its 15th Strike Wing from Danilo Atienza Air Base in Sangley Point, Cavite once the

Laguindingan Airport in Misamis Oriental becomes operational. The PAF base in Sangley is being moved to Mindanao to make way for the transfer of general aviation from NAIA to relieve congestion at the country’s premier airport. Manila International airport/PAGE 9

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BUSINESSWEEK MINDANAO NOV. 5,2012 by BusinessWeek Mindanao - Issuu