BusinessWeek MINDANAO Best in Business and Economic Reporting Philippine Press Institute Civic Journalism Community Press Awards 2013
Volume IV, No. 107
Market Indicators
As of 5:45 pm may 27, 2014 (Tuesday)
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PHISIX
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Briefly Misor care system MISAMIS Oriental – In a recent Cash Assistance Turnover Ceremony conducted by the provincial government of Misamis Oriental, Governor Yevgeny Vincente Emano introduced a program dubbed MisOr Care System. Gov. Emano said that a MisOr Care card will be given to beneficiaries, who are residents of the province, in order to be identified as members in this program. A MisOr Care card holder will receive services and benefits such as the calamity assistance, death assistance, relief assistance and the scholarship assistance offered for the youth, persons with disabilities (PWD), senior citizens, and the solo parents. Another benefit emphasized by the governor was the hospitalization assistance for the indigent members. This would mean that the indigent MisOr Care card holders will immediately receive free hospitalization and medicine.
Scool calendar DAVAO City -- A school official is pushing for measures that will enhance school’s attractiveness as ASEAN 2015 nears. Rey Castro, Assistant Vice President for Business Development of the University of Mindanao, said that several measures must be enacted so that schools can take advantage of ASEAN 2015. One is the change of school calendar. The Philippines is the only country in ASEAN where the month June is the opening of classes. Almost all countries have followed the schedule where August is the start of the classes. Castro said that Vietnam and Thailand had changed their school calendar to adapt to other countries.
www.businessweekmindanao.com
Wed-Thu | May 28-29, 2014
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Losses from outages in M’nao hit P2.3-B
T
By MIKE BAÑOS, Editor-at-Large
HE power shortage in Mindanao has caused billion in losses to the Gross Regional Domestic Product of the island in the last 74 days.
During an energy forum held in Davao City recently, the Mindanao Development Authority (MinDA) reported that a rapid assessment conducted by the agency disclosed estimated economic losses of P2.3-billion due to rotating brownouts from Feb. 28-May 12 this year. “This is a very conservative estimate that does not even factor in opportunity losses,” said Ma. Teresa R. Alegrio, former president of the Cagayan de Oro Chamber of Commerce and Industry Fou nd at i on , Inc . ( O ro Chamber) during a May 23 meeting called by the Cagayan de Oro City Council Committee on Energy chaired
by Kag. Teodulfo Lao, Jr. to discuss the power situation. Ms. Alegrio said the figure includes cancelled consumption and equipment breakdown in some of the industries. “NGCP just informs their customers 15-30 minutes before cut-off,” she said. “When you’re running to reduce your load with that kind of time you will have breakdown of equipment. This is the problem now confronting most industries who are forced to buy gensets or otherwise face shutdown or closure.” Although acknowledging committed power projects losses/PAGE 9
PYGMY WHALE RESCUE. The pygmy whale, with blood coming out of its various wounds, are collared by fishermen and personnel of Therma Marine power plant in Brgy. San Roque, Maco, Compostela Valley to a makeshift shelter to help it hydrate and get treatment. Contrary to its name, pygmy whale belongs to the dolphin family, and is a protected specie due to fast its degradation. (Photo Provided)
Rescued pygmy whale Brighter days ahead: swims back to sea No brownouts for CdO over short term AN injure d w ha le was rescued by personnel from a nearby floating power plant in Brgy, San Roque, Maco, Compostela Valley Thursday morning last week. Initial assessment by municipal fisheries officers and personnel from the regional Bureau of Fisheries and Aquatic Res ources (BFAR) shows that the whale was a 4-year-old female, pygmy sperm whale, weighing approximately 250 kilos with
a length of 120 inches or 10 feet. It was found to have injuries that were possibly caused by attacks from cookie cutter sharks. Aside from the bite marks, there were also signs of possible plastic ingestion. A more recent assessment concluded that the whale was also dehydrated when it was found. R e g i o n B FA R O I C municipal coordinator Nora whale/PAGE 9
By MIKE BAÑOS, Editor-at-Large
THINGS are looking up for Cagayan de Oro City as it enjoys a respite from the spate of rotating brownouts
which have plagued it for the past few weeks. “We are happy to announce we had no rotating brownouts
these past three days because our allocation from NGCP has improved,” said Marilyn A. Chavez, senior manager for customer and community brownouts/PAGE 9
Italpinas awarded as this year’s Best Mixed-Use Development ITALPINAS Euroasian Design and EcoDevelopment Corporation (ITPI Corp.), an ItalianFilipino company that desig ns and de velops sustainable property nationwide, bagged the Best Mixed-Use Development in the Philippines award at the recent Asia Pacific Property Awards, held at the Shangri-la Hotel in italpinas/PAGE 10
Italpinas Chairman Dr. Jose P. Leviste J.r with Mr. Matteo Lupi from Smeg, Lord Courtown from the House of Lords in British Parliament and Mr. Stuart Shield, president of International Property Awards.
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