BusinessWeek MINDANAO “we grow minds” 2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 152
www.businessweekmindanao.com
Hydro plants to ‘more than double’ Hedcor’s capacity in M’nao in 2016
Market Indicators As of 6:10 pm apr. 24, 2015 (friday)
FOREX
PHISIX
US$1 = P44.24
7,947.25 points
6
X X Briefly
By BONG D. FABE, Editor-at-Large
55.20
cents
points
Happiest nation THE Palace said it is elated by a report ranking the Philippines among the top 100 happiest nations in the world, which could boost the country’s tourism campaign. The Philippines placed 90th among 158 nations ranked by the 2015 World Happiness Report. The report was unveiled in New York last Thursday. “Ikinararangal po natin na kaligayahan ang magiging karanasan ng mga dadalaw sa atin,” Presidential Communications Operations Office Secretary Herminio Coloma Jr said in a radio interview on Saturday. “Kaya ang pagvalidate po na isa sa pinakamasayang tao ay patunay po sa ating marketing campaign that ‘It’s more fun in the Philippines’ at iyan po ay pagyayamanin natin,” he said.
‘No to Mining’ MAGSAYSAY, Davao del Sur -- Mayor Arthur Davin stood firm on his earlier pronouncement that this municipality is a no mining zone. This as Davin brushed aside speculations that he already softened his stand with the impending implementation of two road concreting projects in upland barangays. “There is no truth about this report. It is my firm resolve that we would not allow mining activities here in our town,” he said during the consultative orientation and community processing in Sitio Bila in Barangay San Miguel here on Thursday night.
P15.00
Monday | April 27, 2015
MANOLO FORTICH, Bukidnon—Hedcor, Inc., the wholly-owned AboitizPower subsidiary that specializes in generating “Cleanergy” from
CLEANERGY. Rene B. Ronquillo says that run-of-river hydropower plants are “more reliable” in the long run than coal plants because coal plants suffer the volatility of coal prices in the international market. photo by bong d . fabe
GMA-7 closes reg’l channels, displaces workers
I United Way Awardees pose for posterity with newly inducted 2015 Board of Directors
run-of-river hydropower systems will “more than double” its installed capacity i n M i n d an a o on c e it s two power plants in this
municipality go online in 2016. He d cor is c ur re nt ly constructing two cascading plants in this municipality known to be the home of hydro/PAGE 15
By FROILAN GALLARDO, MindaNews
N a move that displaced at least a hundred reporters, video cameramen and drivers, a television giant closed four of its regional offices on Friday and axed morning shows in two other regional stations.
Closed on Friday were GMA 7 Network’s regional offices in Cagayan de Oro City, Bacolod City, Naga City and Ilocos. The network also closed down all morning shows of its regional offices in Cebu and Davao cities. gma/PAGE 15
Tourism-10 director Chan is new United Way prexy By MIKE BAÑOS, Editor-at-Large
R E G I O N 1 0 To u r i s m Director Catalino “Butch” Chan III was inducted the new president of the United Way Cagayan de Oro-Misamis Oriental & Gingoog City, Inc. last April 24 at the Pilgrim Christian College Executive Hall. Inducted into office by Atty. Carlo Limjoco were the following: Ismael J. Cabegin (Vice President for Operations); Pio D. Baconga (Vice President for Fund Campaigns); Rene K. Burdeos (Vice President for External Affairs); Guadalupe J. Chu (Secretary); Elena
M. B orcillo (Assistant Secretar y); Leonara C. E j e r c i t o ( Tr e a s u r e r ) ; Dorothy Jean B. Pabayo (Assistant Treasurer); Edna R. Garmendia (Auditor) and Virgilio C. Jose, Cherry Mae L. Limbaco, Meneleo R. Navarro, Jose Mari G. Pelaez; Myrna A. Sescon and Justina T. Uy as members of the board. Jose C.Chan has also been elected board member but did not attend the induction. Standing in for Regional Health Director Aristides C. Tan, Atty. Limjoco new/PAGE 15
BACK TO LIFE. Mayor Oscar Moreno (2nd from right), releases 7,000 tilapia fingerlings as part of the 92,000 released simultaneously last Saturday at Iponan River. For the first time in decades, the river will be filled with several freshwater fauna after years of discoloration. photo by mark francisco
DENR official warns illegal miners may take advantage of rainy season By MARK FRANCISCO, Staff Writer
D E PA R T M E N T of Environment and Natural Resources (DENR) 10 director Raoul Geollegue last Saturday warned that illegal miners might take advantage of the
rainy season in the next few months and resume their activities at Iponan River. Speaking during postEarth Day activities last Saturday, Geollegue told the
public that Iponan River might turn brown again during the rainy season because of silt and soil erosion that would cascade downstream going all the way to the mouth of Macajalar Bay. denr/PAGE 15
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