BusinessWeek MINDANAO Your daily business paper
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 139
Market Indicators
As of 6:12 pm apr. 8, 2015 (wednesday)
FOREX
PHISIX
US$1 = P44.46
8,052.69 points
2 cents
X
X Briefly 45.99 points
Auction sale POWER Sector Assets and Liabilities Management (PSALM) Corp. is bidding out the Independent Power Producer Administrator (IPPA) contract for the 200-MW Mindanao coal-fired power plant in Misamis Oriental province. According to the invitation to bid which was published in newspapers, interested parties may conduct due diligence from April 13 until “two business days before the tender” on Sept. 23, 2015. All bids should be submitted at 12 noon on that day. As in PSALM’s previous bidding, the opening and evaluation of bids would follow immediately at 12:30 p.m. “The Mindanao coal IPPA selection is the second privatization activity of PSALM for this year. The first was the launch of the IPPA selection for the Bulk Energy of the Unified Leyte Geothermal Power Plants (ULGPP) two weeks ago,” PSALM president and CEO Emmanuel R. Ledesma Jr. said.
Long-term plan AS news of higher power rates this summer puts a spotlight on the country’s long-standing energy woes, a think tank cautioned the government against applying what it describes as merely “band-aid solutions.” A paper by the Stratbase ADR Institute on Strategic and International Studies said while the interruptible load program could potentially avert the much-feared rotating brownouts in Luzon, the bigger picture required a more long-term energy security plan. “Augmenting the supply is the only long-term and viable solution to these persistent woes, a direction that requires both enabling policy and political will,” the paper said. “While Congress and the executive scramble to find band-aid solutions to avoid this looming power crisis, it does little to even begin solving the country’s power woes beyond 2015.”
P15.00
Mindanao eyed for $6-B halal industry www.businessweekmindanao.com
Friday | April 10, 2015
By KRIS M. CRISMUNDO, Philippine News Agency
A
S the Philippines eye a share in the $600-billion global demand on Halal food and non-food products, Department of Trade and Industry (DTI) Undersecretary Ponciano C. Manalo Jr. told reporters a one-stop Halal certification shop is being eyed in Mindanao. Halal means prepared according to Muslim law. Manalo, who recently came from an investment forum and a business mission in Dubai, United Arab Emirates, said strengthening
the local Halal industry can also boost the country’s food exports to UAE and other nations in the Middle East, where most people are are Muslim. halal/PAGE 11
Students hope for peaceful M’nao via peace journalism By ERWIN MASCARIÑAS, MindaNews
BUTUAN City – Students and teachers from various schools in the Caraga Region expressed their hope for peace through responsible and balanced journalism during a peace journalism workshop
at the Father Saturnino Urios University on Tuesday. Primy Cane, a former broadcast journalist based in Cagayan de Oro City who spearheaded the workshop, peaceful/PAGE 11
BANGUS HARVEST. Fisherfolks harvest bangus (milkfish) from a fishcage in Barangay Masao, Butuan City. mindanews photo by erwin mascarinas
Matigsalug tribal hall powered by solar energy SOLAR power is giving new life to the once dilapidated and forgotten tribal hall of the Matigsalug community in Marilog, Davao City. In p ar t nership w it h AboitizPower, its subsidiary Therma South Inc., and the Aboitiz Foundation the Matigsalug Council of Elders, Marilog, Davao City, Inc. (MACOEMADDACI) and its community is now using the new facilities and most importantly, electric power, matigsalug/PAGE 11
SOLAR-POWERED. Matigsalug tribe members witness the ceremonial opening of the solar-powered tribal hall in Marilog district in Davao City. Cutting the ribbon is led by Marilog Proper Punong Barangay Purificacion Suyko (center), Matigsalug Deputy Mayor Datu Carlito Guinto (left from center), and tribal group President Datu Juanito Mandahay (far right) and TSI FVP Charles A. Gamo.
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