BusinessWeek MINDANAO 2 cents
Best in Business and Economic Reporting
Philippine Press Institute Civic Journalism Community Press Awards 2013
Volume V, No. 32
Market Indicators
As of 6:12 pm August 19, 2014 (Tuesday)
FOREX
PHISIX
US$1 = P43.64
7,082.75 points
4 cents
X X Briefly 55.17 cents
Climate change DISCUSSIONS on Climate Change first came up in late 1980s when the Intergovernmental Panel on Climate Change (IPCC) was created in 1988. The World Meteorological Organization and the United Nations Environment Program (UNEP) set it up to prepare for mitigation strategies addressing the adverse impact of climate change. Almost three decades have passed but the phrase “global warming and climate change” still has to create real significance in the minds of the Filipino majority. Climate Change Commissioner Vice Chairperson Lucille Sering noted this in her talk in August last year during a seminar on “Building Critical Mass Awareness of Climate Change – engaging Media, Advertising and Entertainment Sectors”. While some Filipinos had been affected by the catastrophic impact of adverse weather conditions due to climate change, a portion of the Philippine population still failed to fully understand climate change
Irrigation gap MARAWI City -- To address irrigation gaps in the Autonomous Region in Muslim Mindanao (ARMM), newly-installed National Irrigation Administration (NIA) head Florencio Padernal met with his regional counterparts at the region’s seat. Just five weeks in service, Padernal said he came to ARMM to reach out to Regional Governor Mujiv Hataman and work directly with him for irrigation system development in the region. Hataman and Padernal both agreed that ARMM has a vast irrigation potential that, if properly developed, will answer food security and rice sufficiency in the region.
www.businessweekmindanao.com
Wednesday | August 20, 2014
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Opt-out system pushed to avert power outage
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By IRENE DAYO, Staff Writer
O AVERT the projected power shortage next year, AboitizPower Corp. is pushing for the nationwide adoption of an opt-out program that allows establishments to be cut off from the grid in times of low supply.
Citing delays in the c ons t r u c t i on of p owe r plants amid growing demands, AboitizPower said the implementation of the interruptible load program (ILP) throughout the countr y could avert another supply shortage in
2015 particularly in Luzon. The ILP is a system that AboitizPower’s distribution utilities, Visayan Electric Co (VECO) and Davao Light have been using for years. It was first introduced by VECO in 2009, when the Visayas grid suffered from
blackouts, as the construction of new power plants failed to keep up with fast-growing demand. “With the help of the Province of Cebu, it was not difficult to convince customers with generation power/PAGE 11
Mayor Oscar S. Moreno and Local Economic & Investment Promotions Officer Eileen E. San Juan receive the award for Cagayan de Oro City's Ranking as #2 in Infrastructure Competitiveness in the Philippines for 2014 during the 2nd Regional Competitiveness Summit held August 7, 2013 at the PICC, Manila. Also in photo are National Competitiveness Council Private Sector Co-Chair BIll Luz, NEDA Dir. Gen. Arsenio M. Balisacan and DTI Usec. Adrian S. Cristobal Jr. photo courtesy of ncc
SEC warns public of new pyramiding scam in Normin By CRIS DIAZ, Associate Editor
THE Securities and Exchange Commission (SEC) in Northern Mindanao on Wednesday has warned the public anew of a new pyramiding scam in the region. Renato Eg ypto, SEC Region 10 director, said that the SEC has received information about a new pyramiding scheme operating in Cagayan De Oro City,
Davao, Iligan City, and Dinagat Island.
Egypto warned that a pyramiding scheme is a highly regulated business. “One scam/PAGE 11
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