BusinessDaily Mindanao (May 30, 2013 Issue)

Page 1

INSIDE LOOK

Region 12 corn production valued at P15.6B last years

Alliance Select sees 18% growth in salmon sales

Kids in Pablo-hit village to hold classes under tents

Roaming Around: Tiklas Falls

P6.6-M facility to bolster rubber output in Bukidnon

BusinessDaily Economy

PAGE 2

Corporate World

PAGE 3

CREDIBLE

Volume III, No. 224

Market Indicators

As of 6:04 pm may 29, 2013 (Wednesday)

FOREX

PHISIX

US$1 = P42.44

7,228.57 points

49 cents

X

115.35 points

X

Briefly Traffic modernization

News

PAGE 4

Agri-Business

RELIABLE

Cagayan de Oro City

Thursday

Billboard

PAGE 12

IN-DEPTH

P15.00

May 30, 2013

Kagay-anon Int’l hails Oro leadership change Call for Citizens Council, restoration of Du-aw Park

K

CAG AYA N d e O r o M ay o r Vicente Y. Emano said the traffic modernization project in Cagayan de Oro City will definitely push through. “Segurado na ang pagi m p l e m e n t a r s a Tr a f f i c Modernization Program sa dakbayan tungod kay nahuman naman ang bidding sa maong proyekto,” the mayor said in a press statement. According to Mayor Emano, the installation of the new traffic lights will take place soon.”Sa dili malangan, sugdan na ang pag-instalar og mga bag-ong traffic lights with closed-circuit television diha sa nag-unang mga kadalanan aron hapsay ang dagan sa atong trapiko,” the mayor added.

By MIKE BAÑOS, Editor-at-Large

AGAY-ANONS based in the United States have hailed the victory of outgoing Misamis Oriental Gov. Oscar S. Moreno as Cagayan de Oro’s new mayor and have called for the creation of a new “Citizens Council” and the restoration of Duaw Park.

OFWs assistance THE National Reintegration Center for Overseas Filipino Workers (NRCO) through the Overseas Workers Welfare Administration (OW WA) in region 10 has released financial livelihood assistance to five overseas Filipino workers in Misamis Oriental. OWWA-10 Director Petrona Bergado, assisted by Department of Labor and Employment (DOLE) Regional Director Atty. Johnson C a ñ e te, s p e a r h e a d e d t h e awarding of checks amounting to P10,000 each to the beneficiaries during the Regional Coordinating Council (RCC) meeting last week. The recipients of the livelihood assistance were Mary Celyn Arcadio, Lorna Caballes, Jenny Garcia, and Leah Romero, all from Cagayan de Oro City, and Celeste Sabunod from Claveria town. The livelihood projects identified by these beneficiaries are chicken ala carte station, meat processed products, sarisari store, and eatery/fastfood business.

PAGE 8

(L-R) Klarex Uy, Rep. Rufus Rodriguez and Gov. Oscar Moreno pose for TV and photographers after they were proclaimed as winners in Cagayan de Oro. photo by froilan gallardo, mindanews

In an email from the US, three overseas Kagay-anon groups represented by one of its leaders Roy C. Gaane expressed their heartfelt gratitude for the change of leadership in the Cagayan de Oro City Hall and likewise the wins of incumbent second district Rep. Rufus Rodriguez and comebacking Rolando Uy in the first district. The group, consisting of Kagay-Anon International,

Kagay-Anons of Southern California, and Mindanao Alliance – USA, said they take part in Moreno, Rodriguez and Uy’s victory as mandated and bestowed on them by the people of Cagayan de Oro because “we are a part either by birth, by blood, by affinity but mostly by love.” “With your victory we are once more proud to be part of Cagayan de Oro, hails/PAGE 11

Aboitiz Group diversifies into bulk-water business By CHRISTINE CABIASA, Reporter

THE Aboit iz Group has diversified its business arms, this time into the development of a bulk water supply source in Davao City. In a statement after filing its disclosure to the Philippine Stock Exchange, Aboitiz Equity Ventures (AEV) announced its joint venture agreement with JV Angeles Construction Co (JVACC) for the supply of water to the Davao City Water District (DCWD). “The final structure of the joint venture company is currently being determined

and studied by the parties involved,” AEV said. AEV is the holding firm of the Aboitiz Group, a local conglomerate with interests in banking, power, food and real estate. Under the agreement, the partners will put up a hydroelect ric-powered bulk treatment facility and conveyance system that will supply 300 million liters of potable water to DCWD. The project is an offshoot of a proposal submitted by JVACC for the said water facilities to

DCWD. JVACC tapped Hedcor Inc, an affiliate of AEV, to provide the technical and operational expertise for the hydroelectric components of the project. Hedcor is the Aboitiz Group’s mini-hydro power arm, which has power generating capacity of 155 megawatts from 19 such facilities across the country. JVACC, on the other hand, is a local firm with 48 years experience in the construction and development of waterrelated infrastructure.

FLIGHTS OFF: With the tension between the Philippines and Taiwan continues, Cebu Pacific announces it is cancelling its scheduled maiden Cebu-Taipei flight set originally on June 5.

Amid PH-Taiwan row:

Cebu Pacific suspends maiden flight to Taipei THE stand-off between the Philippines and Taiwan takes another toll on the aviation industry with Cebu Pacific

yesterday announced that it would defer its maiden flight to Taipei from Cebu suspends/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


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.