BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 034
Market Indicators As of 6:21 pm august 19, 2016 (friday)
FOREX
PHISIX
US$1 = P46.389
7,930.75
X
8.3 cents
22.06
X
points
Briefly Therma U1 to undergo maintenance activity THE 150-MW Unit 1 of the 300-MW Davao baseload power plant of Therma South Inc. (TSI), a subsidiary of AboitizPower (AP), will undergo a maintenance outage starting August 22, 2016, for preventive maintenance activities. “This maintenance activity is necessary to review Unit 1 and to implement some corrective measures as needed which should be similar in nature to the coverage of work done in the recently planned outage of Unit 2 from June 18 to July 13,” said Sebastian R. Lacson, TSI President, and COO. The maintenance activity is estimated to last until September 7. “We are confident that after this outage, TSI should be better equipped to reliably meet the needs of our customers. As always, we will try our best to keep the duration of this interruption to a minimum,” added Lacson. Originally scheduled to start August 6, the Unit 1 maintenance schedule was moved to August 22 to better adjust to the grid situation. TSI is coordinating with its customers – electric cooperatives and distribution utilities in Mindanao – in order to implement measures to mitigate the impact of the maintenance activity.
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Investments aimed toward agri-based, marginalized www.businessweekmindanao.com
Monday | August 22, 2016
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By Elaine O. Ratunil
AGAYAN DE ORO CITY – The Department of Trade and Industry (DTI) wants to direct investments to geographical priorities such as Mindanao, among agri-based sectors, where most of the people derived their income, and in areas where migration is highest and poverty has been persistent in support to the 10-point socioeconomic agenda of Pres. Rodrigo R. Duterte.
KARAMBOLA. Participants to the annual Rodeo Contest, in line with the city fiesta, rush ahead of the others, struggling to stymie a bull to win the game. Photo by GERRY LEE GORIT
Eight-point agenda on labor, employment bared Labor and Employment Secretary Silvestre H. Bello III yesterday revealed his initial Eight-Point Platform and Policy Agenda to ensure inclusive de velopment, prosperity, and labor justice for Filipino workers and their families. “Some aspects of the DOLE’s initial eight-point platform and policy agenda
are yet in broadstrokes, or a work in progress, while some require specific and immediate action,” said Bello. “The Eight-Point Labor and Employment Agenda is the contribution of the Department to help achieve President Rodrigo R. Duterte’s overall vision for our workers and their families, as well as for employers. President
D ut e r t e h a s v ow e d t o transform the bureaucracy into an honest, efficient, effective, transparent, and accessible institution that is subservient to the Filipino people,” he added. Secretary Bello added that the Eight-Point Platform a n d Po l i c y A g e n d a i s anchored on the promotion agenda/PAGE 11
Trade Undersecretary for Regional Operations Zenaida Cuison-Maglaya, in her speech during the “Negosyo, Konsyumer at iba pa” (NKATBP), or the “One DTI Services” caravan in Cagayan de Oro, cited the efforts of Northern Mindanao in creating the logistical support and taking care of the economic environment in the region. We are especially encouraged by the formal establishment of the Asean Market or economic community—the combined marginalized/PAGE 11
Xavier U. graduates dominate real estate appraisers examination CAGAYAN DE ORO CITY -- Xavier University’s first-ever BS Real Estate Management (REM) graduates stood out in the August 2016 Real Estate Appraiser (REA) Licensure Examination. Sixteen out of the 20 REA exam passers nationwide were Xavier Ateneans who
finished the REM degree in March 2016. XU garnered a passing rate of 84.21% (16 out of 19 takers) above the national passing rate of 74.07% (20 out of 27). “Congratulations to our new Real Estate Appraisers!” greeted XU president Fr. dominate/PAGE 10
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