BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 141
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Monday | April 24, 2017
Market Indicators As of 5:00 pm April 21, 2017 (friday)
FOREX
PHISIX
US$1 = P49.788
7,578.16
2.4
X X Briefly
cents
14.71 points
Power backbone POWER system operator National Grid Corp. of the Philippines (NGCP) will be building a new transmission backbone to carry added power capacity in Mindanao at a cost of P6.86 billion, details of the decision released by the Energy Regulatory Commission (ERC) show. “A perusal of the evidence presented herein showed that NGCP’s application for the approval of the Mindanao 230 kV (kilovolt) Transmission Backbone Project is in accordance with the provision of Republic Act No. 9136 or the Electric Power Industry Reform Act (EPIRA) of 2001,” the ERC said in its decision, which was docketed in its records on March 29. The transmission service provider applied for the 230kV line in April 2015. Its project was submitted for ERC resolution in July 2016 after a series of hearings. The decision was signed by ERC Chairman and Chief Executive Jose Vicente B. Salazar along with the four commissioners.
Suggested retail price THE Department of Trade and Industry (DTI)-Consumer Protection and Advocacy Bureau (CPAB) under the Consumer Protection Group released the Suggested Retail Price (SRP) guides for basic necessities and prime commodities as of April 1, 2017. The SRP is the selling price suggested by the manufacturer of a product. The intention of the SRP is to help standardize prices among locations. Major retail establishments are directed to set their selling prices within SRP levels. The DTI price monitoring activity which is conducted monthly to major retail establishments is one way of ensuring that retailers of products listed in SRPs shall follow the guide in their pricing. Hence, they are always provided with updated SRPs regularly.
STREET PROTEST: Hundreds of protesters from the peasant, youth, women, worker, and urban poor sectors in Northern Mindanao take to the streets to commemorate the 47th Global Earth in Cagayan de Oro City. A similar protest action was conducted by the militant Unyon sa Maguuma sa Agusan del Norte (UMAN) along JC Aquino in Butuan City. The group expresses strong environmental issues in Caraga.
26th Minbizcon seeks to solve island’s woes
photos by gerry lee gorit and jun ayensa
A
By MARK FRANCISCO, Staff Writer
ROUND 1,000 business executives, investors, industry players, policy makers, micro, small and medium enterprises (MSMEs) are expected to converge in Cagayan de Oro this coming September 7-9 for the 26th Mindanao Business Conference (Minbizcon) to be held at the iconic Xavier Estates Sports and Country Club, Xavier Estates.
To be hosted by Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (OroChamber), the biggest gathering of the island’s business stakeholders will carr y the theme: “Emerging Opportunities – ONE MINDANAO.”
Oro Chamber President Robert E. Pizarro said that no less than President Rodrigo R. Duterte will be the invited keynote speaker and expected to respond to the various issues and concerns raised during the conference and minbizcon/PAGE 15
Power coops push for RE sources in M’danao By ANTONIO L. COLINA IV, MindaNews
DAVAO City – Mindanao should tap more renewable energy sources like hydropower plants, a group of cooperatives said amid the increasing number of coal-fired power plants in the island. In a position paper emailed on Thursday, the One-Mindanao Energ y Cooperatives (OneMIECOOP) said renewable
energy should remain as the long-term dominant source of power in Mindanao. It said the remaining state-owned Agus and P u l a n g u i hy d r o p ow e r complexes could still serve as the major sources of clean power if rehabilitated, maintained, and further developed to continue being the backbone of the energy power/PAGE 15
EARTH DAY RITUAL: Datu Jomorito Goaynon (left) and Datu Felix Bollozos perform the “Panalabugta,” a ritual of the Higaonon tribe of Northern Mindanao to mark the commemoration of the 47th Global Earth Day on Saturday, April 22, at the Press Freedom Monument, Vicente de Lara Park, Cagayan de Oro City. The Panalabugta is observed as an expression of respect to Mother Earth. photo by gerry lee gorit
Capitol to inspect buildings in Misor on structural integrity By MARK FRANCISCO, Staff Writer
THE Misamis Oriental provincial government is planning to recommend to all local government units (LGUs) across the province to come up with their respective
ordinances in imposing penalties on erring building owners which would defy structural integrity standards. T h i s , a s p r ov i n c i a l engineer Lester Bolo said
i mple me nt at i on of t he National Building Code of 1972 is not enough reliance on the structural soundness of a building. Speaking during the 1st Forum of Municipal/City inspect/PAGE 15
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