BusinessWeek MINDANAO Your daily business paper
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 143
Market Indicators
As of 6:30 pm apr. 14, 2015 (tuesday)
FOREX
PHISIX
US$1 = P44.60
8,056.49 points
7 cents
X
X Briefly 16.76 points
Skills training BUTUAN City -- Three hundred and thirty-three (333) Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries in Buenavista, Agusan del Norte have graduated from the livelihood skills training under the Bayanihan Project of the Technical Education and Skills Development Authority in partnership with the Philippine National Police and Armed Forces of the Philippines. The closing program was held Monday afternoon in Barangay Talao-ao of the said town spearheaded by the Police Provincial Director PSSupt. Rommel Francisco D. Marbil, the Bravo Company of the 29th Infantry Battalion, Philippine Army led by its commanding officer Capt. Angelo Jose T. Gomez and TESDA Regional Director Florencio F. Sunico. The closing activity was also attended by personnel from the local government unit of Buenavista, DSWD officials and Buenavista Municipal Police Station personnel.
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Gov’t expects no major brownouts this summer Petilla assures no brownout when Pacquiao fights Mayweather on May 3
By Philippine News Agency
W
HILE Cagayan de Oro City and most parts of Mindanao are now experiencing rotational brownouts due to the reported load shedding imposed by grid operator, Energ y Secretar y Jericho Petilla still maintains that Filipinos are going to survive summer 2015 without major power supply cut off. In an interview during a power caravan sponsored by the National Power Corp. (Napocor) in Pangasinan, Petilla said that with Malampaya back in operations and the demand for electricity was lowered even if it was summer, there were now enough power reserves. Add to the abnormal situation that even if it is April, there was Typhoon Chedeng that breezed through, which brought some waters to the country’s hydroelectric dams and helped stabilize the situation, he said. expects/PAGE 11
DAREDEVIL. While pedestrians use the sidewalk of Bangkerohan Bridge, Davao City, this boy walks on top of the concrete barrier.
Farm mechanization BUTUAN City – With the intention of boosting rice production in the Philippines through developing its agricultural technology, the Department of Agriculture (DA) partners with the Philippine Center for Posthavest Development and Mechanization (PhilMech). PhilMech has launched its research program called Agrinovation and has produced innovations such as Rice Transplanter, Compact Corn Mill, Cassava Digger, and many more. “With Agrinovation, we are addressing the country’s agricultural problems by maximizing what is already there,” said PhilMech Applied Communication chief and Science Research Specialist Rodolfo P. Estigoy during his visit in Butuan City on Monday.
P15.00
Wednesday | April 15, 2015
mindanews photo by toto lozano
7-hour brownouts hit CDO By CRIS DIAZ, Associate Editor
A SEVEN-hour rotating brownout hits this seaport capital starting Monday with no timetable when the power outage would end, the Cagayan De Oro Power and Light Co. (CEPALCO) HUMAN TRIUMPH. Ingemar “Pinoy Aquaman” Macarine raises his hands after completing his 19.99-km swim from Bantayan Island to Barangay Bancasan, San Remigio town in northern Cebu on Sunday. Macarine has embarked on marathon swimming to promote awareness on climate change. mindanews photo by roel catoto
WB cites regulatory environment for consumer protection THE World Bank (WB) cited the financial consumer regulator y environment in the domestic banking system in its “Republic of
Blackout delays commissioning of Aboitiz’ coal plant by 10 mos By IRENE DOMINGO, Staff Writer
THE Mindanao-wide blackout that occurred last April 5, 2015, disrupted the commissioning schedule of
Unit 2 of Therma South Inc.’s (TSI) coal- fired power plant in Davao City. Initial findings show that
said Tuesday. Marlyn Chavez, spokesperson of CEPALCO, said the power company is trying to remedy the situation as t he Nat iona l Power Corporation (NAPOCOR)
has the company’s power allocation from 140 Megawatt to 70 Megawatt. “There is an apparent shortage of power supply in Mindanao and the NAPOCOR is trying to balance the power distribution. CEPALCO is brownouts/PAGE 11
the Philippines: Diagnostic Review of Consumer Protection in the Banking Sector’ that was published recently in the WB website.
I n t h e r e v i e w, t h e multilateral lender said, “There is an impressive focus on the consumer protection protection/PAGE 11
the disruption unfortunately c au s e d d am a ge t o t h e auxiliary components to the boiler of Unit 2. Affected areas and components include delays/PAGE 11
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