BusinessWeek Mindanao (July 21-27, 2013)

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Volume IV, No. 7

www.businessweekmindanao.com

July 21-27, 2013

BusinessWeek MINDANAO

P15.00

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

feature:

River rafting for-a-cause set on July 28

...page 8

When the door of opportunity opens By Irene Joy B. Dayo

ACCORDING to Stephen Richards in his book Think Your Way to Success: Let Your Dreams Run Free, “You are essentially who you create yourself to be and all that occurs in your life is the result of your own making.” It implies that what one has become is a product of his self-motivation. The winning story of Daven Lloyd Rivera, a barista of one of the coffee shops here in Cagayan

de Oro City, is again a result of so-called self-motivation. He was a basketball player back in Cebu City. He loved the ball, the court and the hoops. However, when he came to CDO and was employed in a famous coffee shop, his center of interest changed. Coffee is where his curiosity dropped and, eventually, Daven decided to study about it. He was enrolled in Jamaican Food and Beverage Training Center,

a TESDA-accredited institution for aspiring baristas and bartenders. There, he learned a lot about the arts and science of coffee-brewing. He developed his skills he got from the training and became knowledgeable enough to become a member of Filipino Bartending Innovators (FBI). FBI is a group created for local junior bartenders in order to assemble and induce them to feature/PAGE 11

TOWNS 2013 Search kicks off

‘Find those jewels in M’dnao’ By Cheng Ordonez, Editor-in-Chief

THREE outstanding women of their respective fields of endeavor and themselves awardees of The Outstanding Women in the Nation’s Service (TOWNS) appealed to media during a press conference held on July 15, 2013, at Mallberry Suites, Cagayan de Oro, to help TOWNS Foundation, Inc. look for their kind here in Mindanao.

Dr. Aura Matias (right) with Dr. Ma. Victoria Abesamis (center) and Dr. Hilly Ann Quiaoit announce the opening of the TOWNS Search during a press conference on July 15, 2013, at the Mallberry Suites, Cagayan de Oro. photo by cio

DOH launches new vaccine in Caraga region By Nora L. Molde

Department of Health Assistant Secretary Enrique Tayag assisted by Butuan City Mayor Ferdinand M. Amante, Jr. and DOH Caraga Director Ariel Valencia, administering the initial dosage of Pneumoccocal Conjugate Vaccine to a child recipient in Butuan City. pna photo courtesy of doh

BUTUAN CITY -- The Department of Health launched recently the Pneumococcal Conjugate Vaccine (PCV) in Caraga region, the recipient of the drug in the country. “Caraga is very fortunate to be one of the first recipients of the PCV,” according to Dr. Ariel Valencia, Department of Health DOH/PAGE 11

Aura C. Matias, chair of TOWNS Search 2013 and dean of the University of the Philippines College of Engineering, Dr. Ma. Victoria Abesamis, chief of the Medical Professional Staff of East Avenue Medical Center and member of the TOWNS Search 2013 nomination committee, and Dr. Hilly Ann RoaQuiaoit, head of the Research and Social Outreach Program of Xavier University here in Cagayan de Oro announced the opening of the search and challenged individuals or groups to put up their nominees from Mindanao to the prestigious search. Dr. Matias said many of the

awardees came from the metropolis and “this year, we would like to be able to find them in the regions, particularly in the Visayas and Mindanao areas.” “Help us find those jewels here in Mindanao,” Matias told media practitioners during the press conference. Already, 149 TOWNS awardees have become automatic members of the TOWNS Foundation since it started in 1974, but only two have come from Mindanao and two from the Visayas while the rest were from Luzon and the metropolis. However, following the demise jewels/PAGE 11

Joblessness, sustaining growth top businessmen’s concerns (Conclusion)

THE Philippine economic growth has been confirmed by two of the three international debt watchers – Fitch Ratings and Standard & Poor’s. Both credit raters have upgraded the country’s investment ratings to the much-coveted investment grade status attesting to the government’s ability to pay back its debt. Fitch upgraded the Philippines’ long-term Foreign-currency issuer Default rating (IDR) to ‘BBB-’

from ‘BB+’. On the other hand, its long-term local-currency IDR has been raised to ‘BBB’ from ‘BBB-’ with stable outlook.

SPECIAL REPORT The agency has also upgraded the country ceiling to ‘BBB’ from ‘BBB-’ and the short-term foreigncurrency IDR to ‘F3’ from ‘B’. “The Philippines’ sovereign external balance sheet is considered strong relative to A range peers, let alone BB and BBB category

medians,” Fitch said in a statement, citing a persistent current account surplus underpinned by remittance inflows that helped the country obtain a net external creditor position. Fitch’s credit upgrade for the Philippines to investment grade status was announced in March this year while S & P promoted the country to an investment grade status last May 2. Moody’s Investors Service has not yet upgraded the country’s concerns/PAGE 11

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