BusinessDaily (July 16, 2013)

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INSIDE LOOK

Philex spending P8-B for Surigao Norte proj

R10 exports increase by 19 pct

Vendors beg for ‘Nite Cafe’ back

SM installs solar panels atop two malls in China

Buk’n Tribal sugar farmers witness groundbeaking

BusinessDaily Economy

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Corporate World

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CREDIBLE

Volume III, No. 256

Market Indicators

As of 6:12 pm july 15, 2013 (Monday)

FOREX

PHISIX

US$1 = P43.43

6,619.95 points

3 cents

X

45.74 points

X

Briefly Coastal clean-up EMPLOYEES of energy-firm STEAG State Power Inc. (SPI) participated in a mangrove replanting and coastal clean-up drive in Brgy. Silad, Sugbongcon in the province of Misamis Oriental. STE AG spokesperson Jerome R. Soldevilla said the activity is part of the company’s employee volunteerism activity and in support of its comprehensive environmental conservation programs. Over the years, Steag have been providing material and funding support for the development and rehabilitation of about 16.4 hectares of mangrove areas in the province, cited Soldevilla. The projects have been implemented in partnership with the concerned municipal LGUs and the provincial government of Misamis Oriental.

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RELIABLE

Local News

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Feature

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IN-DEPTH

Normin exports up 19% Cagayan de Oro City

Tuesday

P15.00

July 16, 2013

By APIPA P. BAGUMBARAN, Contributor with REMEE MONIQUE ESPIRITU, Reporter

B

UOYED by the region’s strong a g r ic u lt u re pro duc t ion , northern Mindanao posted another sterling performance in exports registering a total value of US$200.91 million for the first quarter of 2013, higher by 18.62 percent compared to the US$169.37 million exports recorded in the same period in 2012.

Misamis Oriental contributed the lion’s share of US$127.91 million or 63.67 percent of the total regional exports followed by Lanao del Norte with US$54.64 million or 27.20 percent, data from the Department of Trade and Industry (DTI) in the region showed. exports/PAGE 11

Coconut-based products and oleochemicals drove Northern Mindanao’s total merchandise exports to $200.91 million in the first quarter of this year.

Project Moses THE Department of Science and Technology (DOST) will launch project Mobile Operational System for Emergency (Moses) which complements the operation of the project NOAH or Nationwide Operational Assessment of Hazard. The department will pilot test Moses which will be done on the onset of the National Science and Technology week celebration on July 22 said DOST-Caraga Regional Director Dominga Mallonga. Moses uses mobile tablet computers designed by DOST for hazard monitoring and evacuation assistance. One thousand units of Moses tablets are ready for distribution to identified pilot areas for testing. The tablet computers will be used for fast transmission of disaster alerts or warnings. The device will provide localities with key information when a calamity strikes.

Eco-Business

Iqbal: MILF got more than the ARMM BusinessDaily correspondent Butch Enerio and Maya Padillo of Mindanao Daily Mirror try the aircraft simulated machine at PAAT complex in Clark, Pampanga.

Aviation school aims to produce competent, world-class pilots By BUTCH D. ENERIO, Correspondent

CLARK FREEPORT ZONE, Pampanga -- A world leader aviation school in the country, providing simulation and modeling technologies and integrated learning solutions for commercial and business aviation and defense globally, will produce pilots capable of flying the most sophisticated aircrafts in the world. The Philippine Academy for Aviation Training Aviation/PAGE 11

By CAROLYN O. ARGUILLAS, MindaNews

DAVAO City – The Moro Islamic Liberation Front (MILF) did not get everything that it proposed to the Philippine government’s (GPH) peace panel on t he issue of wealth-sharing and revenue generation but MILF peace panel chair Mohagher Iqbal said they secured for the future Bangsamoro government “much more than the ARMM (Autonomous Region in Muslim Mindanao).” Iqbal told MindaNews in a text message Sunday morning that what the MILF got in the Annex on Revenue Generation and Wealth Sharing in terms of taxing powers, shares in revenues, natural resources and block grant “strengthen the

ancestral domain doctrine.” But does the signed annex reflect a major shift from the “status quo” and correct the power relations between the Bangsamoro and the national government? Does it represent what Iqbal referred to in his opening statement in Kuala Lumpur on July 8, as “a major shake-up of the status quo?” “The best way to k now t he d i f ference is to ma ke c o m p a r i s o n s ,” h e t o l d MindaNews. Government peace panel chair Miriam Coronel-Ferrer said the persistence and goodwill of both parties “bore fruit. “We have a good package, one that we believe would make fiscal

IQBAL: ‘We got a good package from the government’

autonomy in the Bangsamoro a reality,” Ferrer was quoted in a press statement issued by the Office of the Presidential Adviser on the Peace Process (OPAPP) on Sunday afternoon. The Annex, the second of four annexes to the FAB that would complete the comprehensive peace pact “seeks to fulfill iqbal/PAGE 11

J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


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