BusinessWeek MINDANAO “we grow minds” 2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 151
Market Indicators As of 6:10 pm apr. 24, 2015 (friday)
FOREX
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US$1 = P44.24
7,947.25 points
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X X Briefly 55.20 points
Alsons eyes Agus-Pulangi ALSONS Consolidated Resources, Inc. (ACR) has expressed interest in the planned privatization of the Agus-Pulangi hydroelectric power plant complex, the asset that supplies about half of Mindanao’s power requirements. The Power Sector Assets and Liabilities Management Corp. (PSALM) said last year the power asset will soon be put on the auction block. “We will participate in whatever plans PSALM has for the Agus-Pulangi plant,” Joseph C. Nocos, ACR vice-president for business development, said in a briefing on Thursday. The asset can serve as a significant part of ACR’s power generation portfolio, which is currently dominated by conventional sources of energy.
West PH Sea Confab THE second leg of the nationwide Information Drive on the West Philippine Sea issue will be held on April 29, 2015 at VIP Hotel, Cagayan de Oro City. A collaboration project of the Department of Foreign Affairs (DFA) and Philippine Information Agency (PIA), the campaign aims to disseminate information on the issues relating to West Philippine Sea particularly why the Philippine government seeks arbitration from an international tribunal, our entitlement on the disputed territory and other historical, economic and legal concerns. Foreign Affairs Spokesperson and Assistant Secretary Charles C. Jose will grace the event to discuss the core issues, the overarching principles that guide Philippine response to the issues, and the steps that are being undertaken by the Philippine Government to address the disputes.
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Sunday | April 26, 2015
Power firm empowers lumad communities M
By BONG D. FABE, Editor-at-Large
ANOLO FORTICH, Bukidnon — Providing sustainable “cleanergy” from indigenous sources maybe its main business but empowering indigenous peoples (IPs) communities to help them determine a better future for the tribe and enable them to be better guardians of the environment are its true calling.
BAGSAKAN. A fish trader inspects the quality of yellow fin tuna brought to Bangkerohan’s “bagsakan” in Davao City. The wholesale price of yellow fin tuna is 90 pesos per kilo. mindanews photo by toto lozano
Globe Telecom opens PH’s 80th Premium Dealer at Gaisano City By MIKE BAÑOS, Editor-at-Large
GLOBE Telecom officially opened its 80th premium dealership in the country at the 2nd floor of Gaisano City Mall in Cagayan de Oro City on Thursday, April 23. Cutting the ribbon for
the second premium dealer in Cagayan de Oro was John G. Velasco, Globe Telecom senior director for partner sales and development, and Ms. Eileen E. San Juan, Director of CGEN2
PREMIUM DEALER. The newest Globe Premium Dealer store which opened Thursday at the 2nd floor of Gaisano City Mall in Cagayan de Oro City.
Technology, Inc., its third party investor and partner under the firm’s Premium Dealer Program. “We are partnering with local business people like Eileen here,” Velasco said. “Through them we will be able to tap into the networks, the connections and relationships of the provinces.” Under its Premium Dealer Program, Globe Telecoms teams up with third-party investors who are accredited to operate a full-service Globe concept store. Globe offers its PDs very competitive benefits and comprehensive support, such as site sourcing and evaluation; training and development planning; business and marketing plans; and operations support and assistance. The Gaisano City Mall PD is the second Globe PD store in Cagayan de Oro and globe/PAGE 11
H e d c o r, I n c . , t h e wholly-owned subsidiary of Ab oit i z Powe r t hat specializes in generating rene wable energ y f rom run-of-river hydropower systems, has installed what President and COO Rene B. Ronquillo called the 3Ps as its daily operating byword: principles that act as its guidepost in doing business — People, Planet and Profit. “ The profit comes afterwards. But first, we
have to take care of the people and the planet,” Ronquillo told this paper. Hedcor held here on Earth Day (April 22) the groundbreaking ceremony for its P12.5-billion two c a s c a d i ng r u n - of - r i ve r hydropower plants with a combined capacity of 68.8 megawatts (MW) that will generate a total of 360 gigawatt hour (GWh) of electricity every year. These plants will be online in 2016. lumad/PAGE 11
EMPOWERMENT. Datu Honorio Sumohoy (L), chieftain of the Bukidnon tribe and main claimant to the 15,000 hectares ancestral domain in Manolo Fortich, Bukidnon, and Hedcor, Inc. President and COO Rene Ronquilo (2L) smile as they shake hands during the groundbreaking ceremony for the two run-of-river hydropower plants the power firm will construct in the municipality. photo by bong d . fabe
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