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2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 140
Market Indicators As of 6:30 pm apr. 10, 2015 (friday)
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Visit Davao Fun Sale DAVAO City -- The Visit Davao Fun Sale (VDFS) tourism campaign has adopted a mobile application to help visitors avail of discounts from some 200 participating establishments in the city. “The Visit Davao City Lifebit mobile application is available for download for Android and iOS users,” said Eric Clark Su, mobile application developer and president and chief executive officer of Twidle, Inc. Mr. Su said there have been 150 downloads so far since the application was launched on the Google Store on April 3, the start of the VDSF, which will run until May 17.
Water station MALAYBALAY City -Department of Trade and Industry (DTI) Bukidnon Provincial Director Ermedio Abang has notified existing and would-be entrepreneurs of water refilling stations to avoid or discontinue using specific words in their business name registration applications either new or for renewal. These words are “alkaline, ionized, pi water, mineral, oxygenated, energized, oxidized, deionized, and hydrogen.” Program Director Patricia May Abejo of the Program Management Team for Business Registration has added those words in the Negative List through Enhanced Business Name Registration System (EBNRS) Advisory BNMEM-15-01. This is based on the request of the Center for Device Regulation, Radiation Health and Research (CDRRHR) of the Food and Drug Administration (FDA).
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Saturday | April 11, 2015
Power consumer group to oppose privatization By CHENG ORDONEZ, Associate Editor
A
POWER consumer group is bent to block the privatization of capacities of government-owned generating facilities, particularly the AgusPulangui hydropower complex, which provides over half of the island’s electricity.
HARVEST TIME. Farmers reap rice in San Vicente, Butuan City. Rice fields in urban centers like Butuan have depleted due to massive conversion of agricultural lands into residential or industrial use. photo by jun ayensa
Farmers’ biz skills key to growing agriculture By CARMELITO Q. FRANCISCO, Correspondent
DAVAO City -- Helping f ar me rs i nc re as e t he i r har vests is not enough to guarantee growth in the agricultural sector, as their entrepreneurial skills must also be honed, according to the report of the third party evaluator that assessed the Mindanao Rural Development Program (MRDP) which ended in December 2014. “ ( T he re must b e a ) balance between increasing agricultural productivity and promoting livelihood and agribusiness enterprises to ensure growth and selfsufficiency of agri-fisheries
sector,” said Pacific Rim Innovation and Management Exponents, Inc. in its report, a copy of which was obtained by BusinessWeek Mindanao. The report also pointed out that interventions must be directed at improving and providing “appropriate production technologies and marketing strategies”, and coming up with a comprehensive commodity value chain. Family beneficiaries of the MRDP Phase 2, implemented by t h e D e p ar t m e nt of Agriculture and funded by the World Bank between 2007-2014, gained a modest
improvement in annual income from the 2006 baseline set at P67,589, to P75,650 in 2014, taking inflation into account. Without inflation, the increase is higher with annual income computed at P102,759. The report also noted that the increase in income of MRDP beneficiaries, estimated at about two million individuals with half of them women, was higher than skills/PAGE 11
Engr. Cereal C. Donggay, former VicePresident for Mindanao of the National Power Corporation (Napocor) and currently president of the Oro Chamber, said the Mindanao Coalition of Power Consumers (MCPC) is opposing the privatization because it will eventually increase power rates. In his presentation titled “Evolving Power Mix in the Mindanao Grid and the Crucial Role of the Agus-Pulangi Hydropower Complex in the Long-Term Energy Outlook” during the Mindanao Power Forum Update III, a side event of the ongoing 19th IIEE oppose/PAGE 11
HARD LABOR. Laborers pull their carts loaded with boxes of flowers along Pichon Street near Bankerohan Market in Davao City. mindanews photo by keith bacongco
Misor electric cooperative secures P1.2-B bank loan for line upgrade By IRENE DAYO, Staff Writer
THE construction and upgrade of the transmission lines of Misamis Oriental-1 Rural Electric Service Cooperative, Inc. (MORESCO-1) at the western part of the province will soon start after it secured a loan with the Philippine National Bank (PNB) in the amount of P1.2 billion. Based on the loan agreement,
MORESCO-1 will pay its obligation with the PNB in 10 years. The proposed capital expenditure projects were approved by the Energy Regulatory Commission (ERC) in December 2014, which aims to ensure distribution system reliability and efficiency.
Touted as the country’s first electric cooperative having been founded in 1968, MORESCO-I services the electricity needs of Misamis Oriental’s 10 municipalities, namely; Alubijid, El Salvador City, Gitagum, Initao, Laguindingan, Libertad, Lugait, Manticao, Naawan and Opol. As of today, MORESCO-1 has more than 72,000 connected households.
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