BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 063
Market Indicators
As of 6:10 pm october 25, 2016 (tuesday)
FOREX
PHISIX
US$1 = P48.317
7,580.22
X
2.3 cents
29.09
X
points
Briefly Pilmico expansion THE expansion efforts of Pilmico Foods Corp., the food subsidiary of listed conglomerate Aboitiz Equity Ventures (AEV), is now more focused on growing its export business as part of its strategy to adjust with ASEAN integration, which somehow left them with no choice but to look for markets elsewhere. Florencio Sebandal, Pilmico Vice President for Operations for Iligan, said the more liberalized ASEAN free trade caused more imported food products to gain foothold in the country, prompting local companies like Pilmico to expand its export business. ASEAN Economic Community (AEC), which started in 2015, involves an established common market among some of the ASEAN countries, including the Philippines.
Sugar tripartite body MALAYBALAY City -The Bukidnon Provincial Field Office (Buk PFO) of the Department of Labor and Employment (DOLE) conducted the 3rd Quarter District Tripartite Council (DTC) meeting, participated by the different sectorial representatives in the sugarcane industry on 6 September 2016 in Malaybalay city. Buk PFO Head Raul L. Valmores said that the DTCs were created by the Secretary of Labor upon the recommendation of the Sugar Tripartite Council (STC) in each milling district of the country. “The creation was to ensure greater participation by its planters, millers, and workers in the social and economic programs in the sugar industry, and in policy determination,” he said.
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Duterte: Japan’s visit focused on Mindanao www.businessweekmindanao.com
By ANTONIO L. COLINA IV, MindaNews
M
INDANAO will be the “central focus” of President Rodrigo Duterte’s three-day state visit to Japan.
In his message before departing at the Ninoy Aquino International Airport
on Tuesday, Duterte said he will give focus to Mindanao as he stressed that “together
Tue-Wed | October 25-26, 2016
with Japan, we shall seek to put on track this island region towards a just and lasting peace and development.” The president said he will use the trip to obtain more high impact projects that will benefit the Philippines, visit/PAGE 15
FLOWERS’ANYONE? A worker at the King Toto Farm of the Puentespina Orchids & Tropical Plants in Barangay Carmen, Baguio District, Davao City hauls newly-harvested chrysanthemums on Monday, Oct. 24 ahead of the All Souls Day next week. MindaNews Photo by Ruby Thursday More
Electricity market needed for expected surplus in Mindanao By ANTONIO L. COLINA IV, MindaNews
DAVAO City -- Mindanao needs to have an electricity market next year to address the looming power oversupply
next year due to the entry of new coal plants before the end of this year. Mindanao Development
Authority (MinDA) officerin-charge Glenn Reston told reporters during the Energy Smart Mindanao 2016 at the Park Inn by Radisson Davao surplus/PAGE 15
Passage of law on banana industry development pushed By ANTONIO L. COLINA IV, MindaNews
BIG banana players in Mindanao will push for the passage of the Comprehensive Development Act for Banana by asking Davao del Norte Rep. and House Speaker
Pantaleon Alvarez to sponsor the bill. Philippine Exporters Confederation (Philexport) 11 president Ferdinand Marañon told MindaNews that they law/PAGE 15
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