INSIDE LOOK
Muslim youth holds intramurals in Sarangani
Education improves life of IPs
PHL gets $4.6-M for clean power projects Ayala, AboitizLand groups
Kia’s new ‘Horki’ unvield
BusinessDaily Economy
PAGE 2
Motoring
PAGE 3
CREDIBLE
Volume III, No. 199
Market Indicators
As of 6:07 pm apr. 24, 2013 (Wednesday)
FOREX
PHISIX
US$1 = P41.28
6,972.69 points
X Briefly 9.67 points
X
5 cents
URC ethanol plant UNIVERSAL Robina Corp (URC) recently broke ground for its $35 million ethanol distillery plant, which will produce ethanol fuel in support of the government’s efforts to reduce the country’s dependence on imported ethanol. The plant, located in the company’s sugar central facility in Manjuyod town in Negros Oriental, will start operations in March 2014. It will produce some 100,000 liters per day or 30 million liters of ethanol fuel each year, according to Renato Cabati, general manager of Universal Robina Sugar Milling Corp (URSUMCO). The distillery plant will run mostly on blackstrap molasses, a by-product of sugar. Bio-ethanol is used to fuel cars in 12 countries, Cabati said, including Brazil where one third of their cars use pure bioethanol as fuel while the remaining two-thirds use a mixture of gasoline and ethanol.
Oil crushing mill KORONADAL City -- The province of North Cotabato will construct the first palm oil crushing mill in the province which will be situated in the palm oil factory site in Barangay Tacupan in the municipality of Carmen. This project is aimed at helping palm oil farmers as well as job seekers to raise their income and to offer them job opportunities respectively. In the groundbreaking ceremony held yesterday, N o r t h C o t a b a t o G o v. Em m y l o u “ L a l a ” Ta l i ñ o M e n d oz a s ai d t hat t hi s project is a joint venture between his father, Carmen Mayor Roger Taliño and the Univanich Palm Oil Public Company of Thailand. She also emphasized that no single amount from the government will be spent for the project as this is his father’s dream as means of helping the people of Carmen as well as the people in the province.
News
PAGE 4
Real Estate
RELIABLE
Cagayan de Oro City
PAGE 5
Eco-Business
PAGE 8
IN-DEPTH
Thursday
P15.00
April 25, 2013
‘Airport ready for flights’ Laguindingan airport passes safety test: DOTC
By FROILAN GALLARDO MindaNews
L
a g u i nd i nga n, M i s a m i s Oriental -- Two single engine turboprop light planes made successful landings here Tuesday morning proving that the P7.8billion Laguindingan Airport is safe and ready for commercial passenger t ra f f ic, aviation officials said.
Fi rst to la nd at t he airport’s 2,100-meter runway was a small Piper Seneca plane followed by a Pilatus 12 turbo-prop plane carrying several technicians of the Civil Aviation Authority of the Philippines. “The airport is fantastic. Laguindingan airport is safe. It is comparable to the airports in the neighboring countries like Malaysia and Indonesia,” Capt. Harry Lero, pilot of the Pilatus 12 aircraft, said. Lero said Laguindingan Airport is more suitable for small and big planes compared to the old Lumbia airport which is located at a much higher elevation in Cagayan de Oro City. “During the rainy season (Lumbia airport) is covered airport/PAGE 11
FIRST LANDING. A single engine turbo-pro Pilatus 12 carrying technicians from the Civil Aviation Authority of the Philippines land at the Laguindingan Airport in Misamis Oriental Tuesday, April 23, 2013. The Pilatus 12 and a Piper Seneca plane were the first to land at the airport to evaluate its safety and readiness. The opening of the airport was moved from April 30 to June 15. mindanews photo by froilan gallardo
Most Filipinos remain poor despite growth: NSCB report
STILL POOR. Despite the reported growth, most Filipinos still live under the poverty threshold. photo by mio cade
CIty government commends Cag. de Oro’s top taxpayers By CRIS DIAZ, Sub-Editor
THE city government on Wednesday released the 10 top payers of real property tax here where Cagayan de Oro based Nestle Philippines Inc.
vested nine other companies, City Mayor Vicente Emano said Nestle Philippines Inc. commends/PAGE 11
J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY
THE Philippines has failed to make headway in cutting rampant poverty, with more than one in four citizens deemed poor despite the country’s economic growth, according to census figures released Tuesday. The July 2012 poverty rate of 27.9 percent is practica lly unchanged from 2006 and 2009
POLL WATCH
data, according to the National Statistical Coordination Board. Filipinos forced to live on less than US$0.62 a day are considered poor, according to the government’s poverty threshold. Economic Planning Secretary Arsenio Balisacan said underemployment in rural areas, security poor/PAGE 11
ADVERTORIAL
Villar: Environmental issues now getting attention ON Earth Day, former Las Piñas Rep. Cynthia Villar said she is glad that the environment is now getting all the attention as she calls on more people to get actively involved in supporting and fighting for environmental causes. “It is long delayed actually, but it is good that more and more people are becoming more aware and actively involved in env i ron ment a l issues. Everyone’s help counts.
villar
This is a universal issue a nd hu ma n concer n that transcends political leanings or even personal interests. We should all be in this together because this is the only Earth we got,” said Villar, managing director of Villar Foundation, which has numerous environmentrelated prog r a ms a nd projects. On its 21st year, the Villar Foundation’s first project was tree-planting villar/PAGE 11
Editorial and advertising email : businessdailymindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776