BusinessWeek Mindanao (March 4, 2013 Issue)

Page 1

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BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Issue No. 171, Volume III •

Market Indicators

As of 1:54 pm feb. 23, 2013 (Saturday)

FOREX

PHISIX

US$1 = P40.69

6,642.27 points

X

79.19 points

Briefly

X

3 cents

P1B tax collection

MALAYBALAY City -The Bureau of Internal Revenue (BIR), Revenue District 99 (RD99) here has collected P1.027 billion in tax revenues in 2012. Revenue District Officer Myrna Bernardo said this is the first time that BIR RD99 in Bukidnon collected more than a billion pesos in revenues. It registered a P69.7 million surplus or 7.28 percent excess over the assigned collection target. Revenue collection for 2012 also grew by P209.5 million or 25.62 percent compared to the 2011 collection.

P10M MRDP project

KORONADAL City -Transit of farm and other products from remote village in nearby Tupi town is expected to improve with the recent opening of a farm-to-market road in the area. The FMR project, according to a report from the Department of Agriculture (DA) 12, is located in Barangay Polonuling and involved rehabilitation and concreting of portion of a road that has been a concern among local residents and farmers because it has been causing delay in delivery of produce, especially during inclement weather. The project was implemented under the Rural Infrastructure component of DA’s Mindanao Rural Development Program (MRDP).

Cagayan de Oro City

Monday-Tuesday

Now every Mondays, Wednesdays, & Fridays

March 4-5, 2013

P15.00

P70.5B power projects in store for Mindanao By MYRNA VELASCO, Contributor

T

HE capital outlay for power projects in Mindanao over the medium-term as approved by the Department of Energy (DOE) will amount to P70.5 billion.

In a presentation here, DOE chief investment specialist Lisa Go noted that the planned electricity generation facilities comprise both of indicative and committed projects and their commercial operations have been spread through the years. Based on the department’s latest data, she emphasized that P42 billion have been categorized as “committed projects;” while P27 billion are “indicative” or those that are still in various stages of development but no firm commitments yet on datecertain commercial commissioning. The firmed up projects, she said, will include the coal-fired power projects being developed by the Aboitiz and Alcantara groups which will bring in additional capacity of 500 megawatts come 2015 to 2016. These project developments would cover the 300-MW coal-fired plants of Therma South Inc. of the Aboitiz conglomerate; and projects/PAGE 8

BIRD WATCH. Bird watching is now fast becoming a tourist attraction in the Zamboanga Peninsula, particularly along the Zamboanga Ecozone and sta. Cruz Island. photo provided

Robinsons Mall to Davao biggest economy in M’danao rise in Butuan City BUTUAN, the center of the Caraga Region, will soon have a Robinsons Mall that will offer a new level of shopping experience in that part of Mindanao. Arlene G. Magtibay, Robinsons Land Corporation General Manager for

Commercial Centers Division, noted that the arrival of Robinsons Mall would “surely change the shopping landscape” in the Caraga Region. It will be the first time that a national player in the malls industry will robinsons/PAGE 9

DAVAO City -- The National Economic Development Authority (NEDA) 11 has described 2012 as a banner year for the Davao region for having showed stronger growth primarily driven by services and industry sectors. In her presentation of Davao region’s economic performance for 2012 in

Friday morning’s “Kapihan sa PIA,” NEDA regional director Maria Lourdes Lim said investments from private building construction surged to P14 billion, up by 44 percent. Lim said export earnings also hit the US-billion mark after banana exports, the region’s top export market,

French carmaker Peugeot boasts of twin-economical power system By CHENG ORDONEZ Associate Editor

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

rebounded and grew at 46%. She said the volume of tourist arrivals peaked at one million with P12.9-billion receipts, first time for the region, and stable inflation rate of 2.5 percent, lower than the national coverage. The employment rate in Davao region maintained economy/PAGE 9

PEUGEOT, Europe’s secondlargest automotive marque, has officially opened its doors to Mindanao market through the inauguration of first Mindanao dealership, Thursday, February 28, here in Cagayan de Oro City, boasting of its

twin-economical power system. PSA Peugeot Citroen is a major French automaker and the world’s leading producer of diesel engines. Peugot is now under the distributorship of Eurobrands Distributor Inc. peugeot/PAGE 9

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


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