BusinessWeek Mindanao (August 25, 2014)

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BusinessWeek MINDANAO 2 cents

Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

Volume V, No. 34

Market Indicators

As of 6:12 pm August 19, 2014 (Tuesday)

FOREX

PHISIX

US$1 = P43.64

7,082.75 points

unchanged

unchanged

Briefly Convergence approach MARAWI City -- Regional and local officials of the Autonomous Region in Muslim Mindanao (ARMM) and this province met here to roll out the focal convergence system approach in Lanao del Sur province. Laisa Masuhud Alamia, ARMM executive secretary, presided the meeting that was attended by the provincial heads of different ARMM agencies and the newly appointed ARMM convergence focal person for Lanao del Sur - Assistant Secretary Amenodin Cali. ARMM’s focal convergence system is designed to bring the ARMM government closer to people in the grassroots and optimize interagency collaboration in the implementation of government programs and projects in the region. Alamia said the meeting included discussions of the status of cluster approach strategy in the province and challenges that can be worked out with the introduction of the focal convergence system.

Malnutrition MARAMAG, Bukidnon -- Policymakers of Maramag local government unit (LGU) has crafted an ordinance that would help address the country’s problem on malnutrition. This, after the Department of Education (DepEd) sounded the call of National Nutrition Council (NNC) to discourage elementary pupils and high school students from buying non-fortified food and beverages sold in school premises. Krisynthia Raquel Cabinta-Pader, chairman of the Committee on Health and Sanitation in Maramag’s “Sangguniang Bayan (legislative body)” who proposed the law, said this intends to help reduce the problems on malnutrition among elementary pupils in town.

P15.00

Govt hit for blaming SC over power crisis www.businessweekmindanao.com

Monday | August 25, 2014

By MYRNA VELASCO, Contributor

T

HE blame-game on the threatening power crisis may have already travelled a million miles away, but the problem apparently re-traces still its roots with the failures of the Department of Energy (DOE) and Energy Regulatory Commission (ERC) on the energy planning milieu and the regulatory fronts.

The latest on the power crisis saga had been the move of Finance Secretary Cesar Purisima pointing fingers at the Supreme Court being accountable for the electricity supply crisis because of its Writ of Kalikasan ruling on the proposed 600-megawatt Redondo power plant project in Subic. But Representative Neri Colmenares of the Makabayan bloc had been quick to dispute that, conversely pointing out that “President Aquino and his Cabinet should crisis/PAGE 11

MISS CDO. Newly-crowned Miss Cagayan de Oro 2014 Beatrice Alvarez Pohl and her court waves to the adoring crowd after winning the beauty pageant on Saturday evening at the Limketkai Atrium in Cagayan de Oro City. mindanews photo by froilan gallardo

MSME Summit set to tackle AEC readiness

Muslim Ulamas pushes for early approval of BBL By CRIS DIAZ, Associate Editor

THE religious leaders of the Muslim community in Lanao Del Sur has pushed for the earliest approval of the Bangsa Basic Law (BBL). The group led by Ulamas (Muslim religious leaders) converged at the provincial capital grounds in Marawi City yesterday to encourage the local Muslim community to support the passage of the BBL, said Ahmad Lao, the spokesperson of the Moro Islamic Liberation Front

(MILF) in Lanao Del Norte. Commissioner Sheik Said, a member of the Bangsamoro Transition Committee, said that the government panel and the MILF have already ironed out some kinks in the BBL that would be submitted to Congress for approval into law. He said that the final draft of the BBL is now being reviewed by the Office of the President pending the bbl/PAGE 11

HOLDING ON. A cowboy refuses to let go of a calf even as he is being dragged by the animal during the carambola of the Kaamulan rodeo competition in Malaybalay City on Saturday. mindanews photo by h . marcos c . mordeno

THE National MSME Summit is set to tackle matters that will further prepare the micro, small, and medium enterprises (MSMEs) for the ASEAN Economic Community (AEC) implementation next year. Slated at SMX Convention Center here on August 20-21, the conference will feature msme/PAGE 11

Samal bridge, airport proposals up for review By CARMELITO Q. FRANCISCO, Correspondent

D AVA O C i t y - - T h e Department of Transportation and Communications (DoTC) has agreed to review the proposals of the Davao R e g i on a l D e vel opme nt Council (RDC) to construct a bridge that will connect the Island Garden City of Samal to this city and for a

new international airport in Samal. The Mindanao Development Authority said that the DoTC will focus on determining whether to proceed with the feasibility study for either the bridge or the airport, or both. Among the main

considerations for giving the go signal for the feasibility studies are the sources of funds for these studies alone. Another consideration is the initial assessment on the viability of the proposed bridge and airport. G ov. Ro dolfo P. del Rosario of Davao del Norte, where Samal belongs, has review/PAGE 11

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