BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 064
Market Indicators
As of 6:10 pm october 26, 2016 (wednesday)
FOREX
PHISIX
US$1 = P48.302
7,494.41
1.5
X Briefly
cents
85.81
X
points
Tripartite Council VALENCIA City -- Bukidnon Tripartite Industrial Peace Council (BTIPC), in coordination with the Department of Labor and Employment Bukidnon Provincial Field Office (DOLEBukidnon) has conducted its Mid-Year General Assembly with its different Industry Tripartite Councils (ITC) on 18 August 2016 in Valencia City, Bukidnon. DOLE 10 Bukidnon Head and BTIPC Chairman Raul L. Valmores said that the creation of TIPCs and ITCs is pursuant to the mandate of Article 275 of the Labor Code, to institutionalize tripartism by providing continuing forum for tripartite advisement and consultation in aid of streamlining the role of government, empowering workers’ and employers’ organizations, enhancing their respective rights, attaining industrial peace, and improving productivity.
Lanzones Festival MAMBAJAO, Camiguin -- Looking back in history, Camiguin is set to showcase a tribal inspired thanksgiving performances for the lanzones festival this year, to keep the local feel. From the free interpretation street dancing and tableau competitions, Governor Maria Luisa D. Romualdo wants to give the celebration a unique, local touch. Artistic Director Consultant Vincent A. Aranas said they are keeping the official legend of Camiguin and its enchanting lanzones a contest piece storyline.
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Baseload investments on halt for 7-10 years www.businessweekmindanao.com
Thursday | October 27, 2016
I
By MYRNA VELASCO, Contributor
NVESTMENTS for base load power plants in Mindanao will be on standstill for the next 7-10 years given the overcapacity situation that the grid will be putting up with in the short- to medium term. This has been the assessment of Alsons Energy Development Corporation of the Alcantara group – a company of which power i nv e s t m e nt s h a d b e e n concentrated in Mindanao grid.
“Sp eaking only of Mindanao, there will be no need for new baseload capacity in the next seven to 10 years,” Alsons Power Group Vice President for Business Development Joseph Investments/PAGE 11
Davao banana exporters eyeing market in Russia By ANTONIO L. COLINA IV, MindaNews
RECYCLED STROLLER: A little boy rides an ingeniously assembled stroller in Digos City. With a bamboo pole, his grandfather (the one pushing) assembled it from an old stroller originally bought for the child’s elder sibling. MindaNews photo by Eric S.B. Libre
BPI Family Savings Bank-CDO is 2nd topmost performing branch By MARK D. FRANCISCO
THE BPI Family Savings Bank branch in Cagayan de Oro City bested ten other business
centers nationwide, placing only second to North Luzon, as the topmost performing
DAVAO City – Banana exporters in the Davao Region are exploring opportunities to expand their market in Russia, a business leader said.
Edwin Sotto, Philippine Exporters Confederation (Philexport) 11 executive director told MindaNews exporters/PAGE 11
branch outside Metro Manila for the third quarter of 2016. For this, BPI Family Savings Bank vice president topmost/PAGE 11
Mindanao biz leaders upbeat despite PH ‘separation’ from US By ANTONIO L. COLINA IV, MindaNews
MINDANAO business leaders have remained upbeat on the
Main Store: Prawn House Suites and Restaurant Regatta Square, Pueblo de Oro, Cagayan de Oro City Contact Numbers: 0915-959-4837 (Mobile) & 851-9014 (Landline)
country’s economy amid President Rodrigo Duterte’s
First Branch: Prawn House Seafood’s and Restaurant Opol, Misamis Oriental Contact Number at 0975-381-4929 (Mobile)
pronouncements the country will “separate” from the US militarily economically. upbeat/PAGE 11
CHRYSANTHEMUMS. Emelie Amith, a worker at the King Toto Farm of the Puentespina Orchids & Tropical Plants in Barangay Carmen, Baguio District, Davao City harvests chrysanthemums ahead of the All Souls Day next week. MindaNews Photo by Ruby Thursday More
Second Branch: Prawn House Seafood’s and Restaurant Centrio - Ayala Mall, CM Recto Avenue, Cagayan de Oro City Contact Numbers at 0917-367-0337 (Mobile) & (088) 323-6225 (Landline)
Third Branch: Prawn House Seafood’s and Restaurant Sayre Highway, Hagkol, Valencia City, Bukidon Contact Number at 0995-672-0181
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776