BusinessDaily J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY
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Volume III, No. 251
Market Indicators As of 6:12 pm july 5, 2013 (Friday)
FOREX
PHISIX
US$1 = P43.40
6,500.48 points
3 cents
X
36.22 points
X
Briefly LPG price watch THE Department of Energy (DOE) assures the public of its continued close monitoring of the prices of Liquefied Petroleum Gas (LPG) to ensure that the adjustments are fair and reasonable. Per monitoring of the DOE, LPG prices have decreased six times totaling to around P9/kg since January as opposed to only one increase this month of P2.50/kg. Under Republic Act No. 8479, otherwise known as the Oil Deregulation Law, the pricing of petroleum products is left with the LPG companies with the DOE determining the reasonableness of the price computation based on submitted information. The DOE computation of petroleum product prices only serves as a guide estimate of the prevailing prices of the commodity in a deregulated oil market.
RELIABLE
P15.00
Incentives up to lure investors in M’danao Cagayan de Oro City
T
Monday
July 8, 2013
By IRENE DOMINGO, Reporter
HE government is currently making a master plan that would prioritize incentives for Mindanao to entice investment opportunities in the region, the Department of Trade and Industry (DTI) said in a statement Friday.
DT I Under s e c re t a r y Ponciano C. Manalo said this is because Mindanao is seen as an important provider of export products of the country. “The opportunities in Mindanao are so meaningful in this administration in
which government sectors work together and support priority in agriculture, agroindustrial food processing, manufacturing and even tourism,” Manalo said. “Mindanao is in a special position to provide solid Incentives/PAGE 11
PAINT ME BLACK AND WHITE: Workers re-paint the Licoan flyover in Cagayan de Oro with black and white erasing its previous violet color, former Mayor Vicente Emano’s signature color. But a Department of Public Works and Highway official supervising the repainting work said the new colors are in consonance with international standard. photo by rolando sudaria
Italpinas champions energy efficiency thru Green Architecture in Mindanao Forum The designer and builder of Northern Mindanao’s first green building shares its advocacy for energ y
COWD woes THE Cagayan de Oro Water District (COWD) would submit plans to address water problems in the city, Councilor Roger Abaday said Friday. Abaday, chair of the city council’s committee on public utilities, said that COWD communicated with the committee in response to a request made by the previous administration asking for the district’s short and long term plans to address the water problem here. COWD General Manager Rachel M. Beja told the committee that the water district has experienced disruptions in the delivery of water service during the months of April and May 2013.
IN-DEPTH
e f f i c i e n c y a t t h e 1s t Mindanao Energy Efficiency Forum (MEEF) scheduled for 23 July 2013 at the Marco
Polo Hotel in Davao City. Architect Romolo V. Nati, Chairman and CEO of Italpinas/PAGE 11
City Mayor Oscar Moreno graces the opening of Dayun, Padayon: Xavier Ecoville Hope Festival’s which would provide livelihood to Sendong victims. photo by remee mikee espiritu
XAVIER ECOVILLE:
A community of hope By REMEE MONIQUE O. ESPIRITU, Reporter
T H E t r a g e d y w r ou g ht by Ty phoon Sendong in December 2011 to the lives of thousands of families affected in Cagayan de Oro City and neighboring areas was so horrible that perhaps it can never be forgotten in our memory.
Vi r t u a l ly k now n to be typhoon-free and less s u s c e p t i ble t o n at u r a l disasters, Cagayan de Oro was apparently unprepared for such a devastation which claimed thousands of lives and destroyed properties in Community/PAGE 11
DAtE Convenor Illac Diaz; Antonio Tagliaferri, First Secretary and Deputy Head of Mission, Italian Embassy; and Arch. Romolo V. Nati.
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