BusinessWeek MINDANAO Your daily business paper
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 138
Market Indicators
As of 6:12 pm apr. 8, 2015 (wednesday)
FOREX
PHISIX
US$1 = P44.46
8,052.69 points
2 cents
X
X Briefly 45.99 points
Poverty alleviation PLARIDEL, Misamis Occidental -- At least 11 anti-poverty projects, all worth P12.5 million, will be implemented, here, under the Bottoms-Up Budgeting/ Grassroots Participatory Budgeting Process (BUB/GPBP), this year. Of these projects, three, each, will be implemented by the Department of Labor and Employment (DOLE) and the Department of Agriculture (DA), two each, by the Department of Interior and Local Government (DILG) and the Local Government Special Fund (LGSF), and one by the Department of Tourism (DOT). As to status, however, all the projects are still in the process of initially complying with the requirements necessary for its implementation, Sanivier G. Patoc, provincial director of DILG, said.
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Senate probe sought into alleged corruption in CDO By MARK FRANCISCO, Staff Writer
A SENATE probe into alleged widespread corruption in the local government is a welcome move, a city councilor said Tuesday. Howe ve r, C it y Councilor Prexy Elipe, is recommending to the Senate to also conduct an investigation of the City Hall in Cagayan De Oro City. Elipe forwarded the proposal before h i s c o l l e a g u e s at t h e C it y C ou nc i l Mond ay
afternoon after learning that Senator Koko Pimentel has sought a probe of governors and mayors who are facing numerous cases before the Ombudsman. According to Elipe, C ag ay an D e O ro C it y Mayor Oscar Moreno is facing a total of six cases before the Ombudsman. Fo u r w e r e f i l e d b y a former village chief William Guialani of the village of Taglima-o here. probe/PAGE 11
P15.00
Thursday | April 9, 2015
New coal-plant seen to stabilize power supply S By Juzel L. Danganan, Philippine News Agency
ARANGANI Energy Corp. (SEC), a subsidiary of Alsons Consolidated Resources Inc., is ready to put into commercial operations its 210-megawatt (MW) coal-fired power plant in Maasim, Sarangani province, with its 140-member technical team. ” The operations and maintenance team that will man the SEC plant is already in place and ready to hit the ground running once operations commence. A total of 140 people — many of them licensed chemical,
electrical, and mechanical engineers — were hired for the plant’s Organization, Operations and Maintenance teams as early as November 2014.” SEC said in a statement Wednesday. SEC noted that most of
the hires came from General Santos City, Sarangani, South Cotabato and other places in Mindanao. The power generating company said it was ready to be online by the fourth quarter of 2015, with the first phase which has a capacity of 105 MWs. SEC hired Finnish power plant manager Jori Liimatta and American operations and maintenance (O&M) manager Richard Mark Jones to guide, train, coach and supervise the plant’s work force. supply/PAGE 11
Climate change adaptation BUTUAN City -- Regional director Nonito M. Tamayo of the Department of Environment and Natural Resources (DENR) Caraga said on Monday the United Nations Environment official have commended the efforts of the DENR to implement programs that cushion the impact of climate change. He said that Secretary Ramon JP Paje has fine-tuned several climate-change adaptation programs with the officials of the UN Environment Program (UNEP) that will bolster the natural defenses and resiliency of the Filipinos on the impact of climate change. Secretary Paje and UNEP executive director Achim Steiner met in a bilateral meeting over the weekend to improve potential cooperation on renewable energy and climate change. Director Achim was accompanied by the UNEP regional director and representative for Asia and the Pacific Kaveh Zahedi. Director Tamayo said the UNEP officials were impressed upon the Philippine government’s effort to address climate change. “The Philippines has been doing its share ahead of the Call to Action of the UN through directives and policies to combat the effects of Climate Change,” he said. Some of the programs implemented by the DENR to mitigate impact are the National Greening Program, log ban in natural forest through Executive Order No. 23, geohazard assessment and mapping program and clean air.
RIVER SAND. Totski Sabra pours sand he scooped from the riverbed into his wooden boat in Davao River near Maa, Davao City. Sabra says he earns P150 for every boat load of sand. mindanews photo by keith bacongco
DOLE pushes improved labor policies in fishing industry By MINDANEWS
GENER AL Santos Cit y - - T h e D e p ar t me nt of Labor and Employment (DOLE) is pushing for the harmonization of various policies and regulations governing the operations of fishing companies as it moves to improve the labor practices in the industry. Ofelia Domingo, DOLE Region 12 director, said a
joint department order is being crafted by the agency to properly lay down the national government’s laborrelated policies, programs and other inter ventions concerning fishing companies based in this city and other parts of the country. She said such move was an offshoot of a memorandum Labor/PAGE 11
TALK ON VIOLENCE. Former broadcast journalist Primy Cane, who just completed her masteral on Peace and Conflict Studies from the University of Sydney, talks about how to distinguish the forms of violence during the Peace Journalism for Campus Journalists Workshop at the Father Saturnino Urios University Morelos Campus Mini Theater on Tuesday, April 7. mindanews photo by erwin mascarinas
PSALM reduces power sector debt to P699B By MYRNA VELASCO, Contributor
THE influx of privatization proceeds into the coffers of the Power Sector Assets and Liabilities Management Corporation (PSALM) was claimed to have pared the total debts of the power
sector. The asset-seller company, in a statement to the media, has noted that the level of debts of the sector – inclusive of outstanding obligations and contingent liabilities –
had been reduced to P1.2 trillion way back in December 2000 to P698.9 billion as of end-2014. The Aquino administration cannot solely claim credit for it though because bulk of the power asset sales happened in debt/PAGE 11
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