daming bad news sa MSUans - Mindanao State University - The University in Mindanao ah!
Murag sikat man sad ang mga Engtek...mao man gyud na ang gadala sa name sa IIT...ha ha ha..
Engtek man gud ko.....
proud to be IITian!
super proud jud.... hahaha pilay per unit naabtan ninyo dd2?
nka abot ko 12 per unit...hehehe
http://www.gmanews. tv/story/ 112777/PAL- to-offer- flights-to- and-from- Iligan
PAL to offer flights to and from Iligan
08/11/2008
CAGAYAN DE ORO CITY, Philippines — Philippine Airlines (PAL) will operate the Manila-Iligan and Cebu-Iligan routes next month through 76-seater planes under low-cost brand PAL Express.
Iligan City Mayor Lawrence L. Cruz said last week PAL would again be active at the nearby Baloi Airport, with flights tentatively scheduled to start on Sept. 27.
Domingo Duerme, PAL senior assistant vice-president for Mindanao sales, said the airline would fly up to four times a week from Iligan City to Manila. The Cebu-Iligan route will have three flights weekly. A 50-seater Bombardier Quiet (Q300) jet propeller will fly the Cebu-Iligan route, while a Q400 will operate in the Manila-Iligan route. At present, passengers going to Manila and Cebu have to come in this city first.
Mindanao provinces and cities west of this city, including Lanao del Norte, Lanao del Sur and Marawi City, make up a significant market not only for airline but also for shipping companies.
Most ferries from Northern Mindanao, including this city's port, going to Cebu and Manila pass by the port of Iligan to pick up passengers from northwestern provinces of Mindanao.
Iligan City has been served for years by the Maria Cristina Airport, but PAL stopped flights of its less-efficient Fokker and Sunriser planes due to increasing costs and low passenger and cargo traffic.
Iligan is among the most important ports of Mindanao, hosting at least a dozen large manufacturing plants. The city has a population close to 400,000 people. — Geefe P. Alba, BusinessWorld
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http://www.manilast andardtoday. com/?page= business4_ aug13_2008
Global Steel set to book profits for the first time
Global Steel Philippines Inc. is looking at posting profits for the first time since taking over the steel manufacturing complex of the defunct National Steel Corp. in Iligan City in 2004.
"We will be on the black. We will go positive this year," Lalit Kumar Sehgal, managing director of Global Steel, told reporters.
The company, however, will register profits only because its parent company—Global Steel Holdings Ltd. of India--would condone interest and penalty charges on loans extended to the Iligan-based firm.
"Our parent company will be condoning the interest and penalties. It is considering to convert into equity all loans and advances extended to us," said Sehgal.
The Iligan-based subsidiary is fully owned by the parent firm, one of the big steel producers in India.
He did not say if the local company would increase its capitalization in order to facilitate the conversion of advances made by the parent firm into equity.
"I'm making money this year. We try to improve our manufacturing process year after year, for better efficiencies and lower costs," said Sehgal.
He said high operating costs would continue to put a dent on overall costs.
The company's monthly water consumption, he cited, amounted to about P700,000, while the electricity bill averages at P50 million each month.
Sehgal said while the company exports 70 percent of its production, it could not book higher sales until it produced higher-value products. Sales turnover last year hit $95 million.
The company produces mid-stream steel products such as hot and cold rolled coils, steel plates and hot rolled plates, from imported raw materials. Elaine Ruzul S. Ramos
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