BusinessWeek MINDANAO Best in Business and Economic Reporting Philippine Press Institute Civic Journalism Community Press Awards 2013
Volume V, No. 19
Market Indicators
As of 6:12 pm July 19, 2014 (Saturday)
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Briefly Hydrometer THE Department of Science and Technology (DOST) region 10 bared that hydrometeorological devices are already distributed and installed in strategic locations in northern Mindanao to prepare communities for incoming weather disturbance or natural disasters. As of June 2014, a total of 35 stations of Automated Rain Gauges (ARGs), 14 Water Level Monitoring Stations (WLMS) and 10 tandem of ARG and WLMS are stationed in viable areas in the region, especially in the heart of Mindanao, Bukidnon province according to DOST Regional Director Alfonso P. Alamban. In Misamis Oriental, areas placed with these instruments are Gingoog City, Pigsag-an, Cagayan de Oro City, Kibunsod Bridge, Magsaysay, Mintabon, Talisayan, Guinalaban, Salay, Quezon, Balingasag, CES, Lanise Claveria, Tagoloan bridge in Tagoloan, Cagayan de Oro and San Simon Bridge. In Bukidnon, ARGs and WLMS are placed in Malayabalay, Quezon, Maramag, Valencia, Malitbog, Manolo Fortich and Oroquieta in Misamis Occidental, among others.
New impact projects THE Department of Science and Technology (DOST) region 10 introduced high impact technology projects particularly on food development during the opening of the National Science and Technology Week (NSTW) on July 8 at Luxe Hotel, this city. These are the Food Innovation Center, Complementary Foods, and the Packaging and Labeling Center housed in the campus of the Mindanao University of Science and Technology (MUST) in the city. The Food Innovation Center which was inaugurated on June 20 is envisioned to be a Center of Excellence in food innovation; a one-stop food resource facility and globally competitive food innovation center in developing exportquality food products that are one of the bests in the world.
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Monday | July 21, 2014
Local investment code for Mindanao pushed By CARMELITO Q. FRANCISCO Correspondent
Therma Marine power engine down for repairs
D
A V A O CITY -- The Mindanao Development Authority (MinDA) wants mun i c ip a l governments on the island to firm up their respective investment codes to serve as basis for identifying priority ventures that the agency can match w ith prosp e c tive private investors, a spokesman of the agenc y said in a recent statement. Romeo M. Montenegro, MinDA public affairs head, said an investment code is also crucial as it provides for the creation of an investment promotion office, which could then function as MinDA’s link for businessmatching initiatives for various localities. code/PAGE 7
POWER REFUELLING. The Therma Mobile Inc. Power Barge 117 gets much needed fuel from a boat tanker in Barangay Sta. Ana, Nasipit in Agusan del Norte. The company, on Friday, reported one of the barge’s engine has been shutdown for repairs. mindanews photo by erwin mascarinas
Not all river guides in CDO trained: TF Rapids By FROILAN GALLARDO, MindaNews
NOT all of the 90 river guides in the city’s famous white water adventure have undergone training on basic life support and emergency first aid from the Philippine Red Cross (PRC).
This was among the f indings of Task Force Rapids, which was organized by Mayor Oscar Moreno following the river rafting accident that caused the death of a 26-year-old tourist from
More civic groups give support to Mindanao Business Leaders Awards By IRENE DAYO, Staff Writer
MORE civic organizations and civil society groups have thrown their support to the holding of the 2014 Mindanao Business Leaders’’ Awards, according to Awards Chairman publisher Dante Sudaria. The Awards Night is scheduled on July 26, 2014 at Centrio Mall, this city. Awards exec director Allan Mediante, said the groups include Rotary Club of Cagayan de Oro under president Luigi Sarraga; the Oro Bankers Club led by president Lina Estrella
Faburada; the People Management Association of the Philippines with Dr. Wilma Magdale,trustee for Mindanao; Cagayan de Oro Press Club president Jerry Orcullo; and Atty Celso Miquiabas Jr. of BCBP, are this year’s new members of the Board of Judges. Continuing their support too as board of judges are: Philippine Press Institute executive director Ariel Sebellino, chairman of the board of Judges; Oro Chamber under president
Efren Uy; and Director C at a lino C han of t he Department of Tourism, Region 10; COWD chairman Ruben Vegafria; and the editors of the Mindanao D a i l y, B u s i n e s s We e k Mindanao; Cagayan Times and Mindanao Star. The co-presenters of the awards are: Philippine Veterans Bank represented by VP for Corp. Communications Mike VillaReal; Asian Hills Bank & Asian Hills Group of Companies under president & CEO Estelito Marabe, awards/PAGE 7
Bohol last June 14. Task Force Rapids head Dorothy Pabayo, a former regional director of the Department of Tourism, said the task force is winding down its investigation after spending more than a month of coordination with different government agencies. “We have come up with a set of recommendations that will ensure the safety of tourists riding the white water adventure tours,” Pabayo said. She explained the task force was not organized to find out who was responsible for the accident but to ensure that tougher safety measures will be implemented by the six guides/PAGE 7
POWER barge operator Therma Marine has confirmed that one of two engines of its facility in Nasipit, Agusan del Norte is down for repairs. TMI president and COO Jovy P. Batiquin said the repairs on one of its camshafts will take three more weeks. “Our teams are working round-the-clock to be able to bring the engine back to operation again,” Batiquin said. This means the Mobile 2 barge in Nasipit will only be able to produce as much as 50 MW. If operating fully, TMI b a r g e s i n Na s i p i t a n d Maco, Compostela Valley combine for 200 MW of power. It serves more than 20 distribution utilities and electric cooperatives in Mindanao. Traditionally utilized as a peaking power plant, Therma Marine, a subsidiary of Aboitiz Power Corp., has been operating lately as more of a baseload plant with Mindanao experiencing an acute shortage in power. S om e 9 0 p e rc e nt of Therma Marine’s power rates to its customers are for fuel costs, which is a pass through rate. The remaining 10 percent covers the capital re cover y, maintenance, salaries, spare parts costs, among others.
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