BusinessWeek Mindanao (April 25-26, 2014)

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BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Volume IV, No. 93

Market Indicators

As of 5:58 pm Apr. 24, 2014 (Thursday)

FOREX

PHISIX

US$1 = P44.71

6,731.33 points

X Briefly

38.19 points

X

1 cent

Summer job TWO thousand five hundred (2,500) students got the opportunity to turn their idle time into productive as they availed of the Cagayan de Oro city government’s summer job program under the auspices of the Special Program for the Employment of Students (SPES) of the Department of Labor and Employment (DOLE). Sixty percent (60%) of the students’ pay will be shouldered by the city government while DOLE will cover the remaining 40%. During the 20-day working period which started on April 21, the students are deployed to the different barangays of the city, various departments and offices at City Hall. Mayor Oscar Moreno explained to the students that the city government will directly pay the students’ salaries to their respective schools so as to ensure their enrolment this coming class opening.

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Climate change up in M’nao media summit

M

By WALTER I. BALANE, MindaNews

AL AYBAL AY City -- Me dia executives and select reporters will gather in Davao City late this week for a two-day summit on climate change that aims to help journalists do better reporting on the environment particularly disasters.

Saying it is crucial for journalists to understand the science of climate change to help communities prepare for its impact, organizers said they have chosen it as the theme for the 9th Mindanao Media Summit scheduled on April 25-26. The summit, organized by MindaNews, Philippine Press Institute and the Philippine Information Agency, will gather publishers, station managers, editors, news editors and columnists. If journalists can report better on climate change, they can also help communities prepare for, if not prevent, massive devastation, the

organizers said. “Mindanao faces the threat of climate change that has the potential of affecting thousands of families across the island,” they said in a briefer. Since super typhoon Sendong hit the northern part of Mindanao on December 16-17, 2011, rep or t ing on natural and manmade disasters has been deemed a challenge for journalists, some of whom were not “very well-prepared to cover such incidents”. The theme is a follow-up to the 7th Mindanao Media Summit in General Santos summit/PAGE 7

Infra projects THE Department of Public Works and Highways (DPWH-10) has submitted to the Cagayan de Oro City Council committee on public works the list of projects being implemented in the city as of March 2014. Based on the status report submitted by Officer In Charge-Assistant Regional Director Efren Berba, ongoing projects are: paved to paved access road leading to Dao Heritage Tree and Mapawa Nature Park in Cugman, gravel to paved construction of coastal road including road right-of-way, road opening construction of coastal road. The list includes the construction of flood control works (flood wall) along Cagayan de Oro River (Cathedral Section), retrofitting/rehabilitation/ strengthening J.R. Borja Bridge and widening of Sayre Highway, Puerto-Alae Section including road right-of-way.

P15.00

Fri-Sat | April 25-26, 2014

WOODEN BIKE. Children in San Fernando, Bukidnon use a wooden bike in going to school taking advantage of gravity to pull his old-fashioned vehicle down the sloping road. What wealth they lack, these children have plenty of ingenuity and innovation. photo by froilan gallardo

Therma Marine defers maintenance shutdown By CARMELITO Q. FRANCISCO, Correspondent

DAVAO CIT Y -- Power barge operator Therma Marine, Inc. will postpone its maintenance work until one of the 105-megawatt (MW) plants of Steag State Power, Inc. goes online to provide more power to the Mindanao grid. Steag earlier announced that one of the plants will resume operations by first

week of next month, while the other plant will be back online a month later. In a press statement on Monday, Jose Venancio P. Batiquin, chief operating officer of the Aboitiz Power Corp. subsidiary, said under normal operations, the scheduled maintenance of Therma Marine’s two power barges is slated for June.

“We are ensuring our customers we have enough fuel supply to meet the power supply requirements of our customers especially this summer,” said Mr. Batiquin as he promised that Therma Marine will “respond to our customers when they are in need of additional power supply.” At present, 22 electric cooperatives and distribution Shutdown/PAGE 7

Iligan City to host Rotary’s annual confab UKAY-UKAY. A vendor of “ukay-ukay” (used clothing) falls asleep while waiting for customers at Surigao City boulevard. mindanews photo by roel n . catoto

By Irene Joy B. Dayo, Staff Writer

THE city of Iligan plays host to this year’s conference of Rotar y International District 3870 of the Philippines slated on April 25-27, 2014. The conference, with this year’s theme “Rotary around the world,” is expected to g at h e r arou n d 4 0 0 participants from all over District 3870 which covers

Rotary Clubs in Valencia City, Wao, Malay balay C i t y, Ma n o l o Fo r t i c h in Bukidnon, Cotabato, Kidapawan, Kisulan, Tacurong, Cagayan de Oro City and Iligan City. All 12 Clubs in Cagayan de Oro City and 10 in Iligan City including one in Marawi City are participants in the Rotary/PAGE 7

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