BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 081
www.businessweekmindanao.com
2014 ppi’S Best in ENVIRONMENTAL Reporting
Wednesday | December 30, 2015
P15.00
Italpinas opens 2nd tower X X I Briefly
Market Indicators
As of 6:00 pm December 28, 2015 (monday)
FOREX
PHISIX
US$1 = P47.166
6,983.61
10.9
18.81
cents
points
TALPINAS Development Corporation (IDC), the developer of Primavera Residences, recently held the ceremonial turnover of its second tower in Cagayan de Oro attended by unit owners and other stakeholders.
ARMM budget THE Autonomous Region in Muslim Mindanao (ARMM) is allocating P10.1 billion for public infrastructure projects that will be implemented beginning next year. The appropriation, which is not under the Department of Public Works and Highways’ (DPWH) central office budget for 2016, will be rolled out by the DPWH-ARMM and district engineering offices, according to ARMM Governor Mujiv S. Hataman. The infrastructure fund was approved on Dec. 17 with the signing of the Muslim Mindanao Autonomy (MMA) Act No. 325, or the Regional Public Works Act of 2016, by Mr. Hataman and Datu Roonie Sinsuat, Regional Legislative Assembly (RLA) speaker.
Science and techno fair THE Department of Science and Technology’s (DOST) Science and Technology (S&T) Fair for the Mindanao Cluster got underway in Zamboanga City from December 3-5, 2015 with focus on S&T’s impacts on the rubber, mining and food industries, including halal. The fair showcased the many benefits of DOST’s Small Enterprise Upgrading Program or SETUP via project visits to program beneficiaries Philippine Pioneer Rubber Product Corp. (PPRPC) and Monmon Bakeshoppe and Snack Haus in Zamboanga. Organized in 2000 as a federation of six agrarian reform communities, PPRPC provides milling services to rubber-producing cooperatives, rubber farmers and traders. With SETUP’s assistance, the company has increased production by 25%, provided better quality and faster service to rubber farmers and traders, became compliant to ISO 2000 quality standards, and generated 23 additional employment from 127 to 150 employees.
(L-R) Italpinas Development Corporation (IDC) President Atty. Jojo Leviste, City Investment and Promotion Officer Eileen San Juan, Italpinas chairman/COO Arch. Romulo Nati and City Mayor Oscar Moreno during the turn-over of Primavera Residences Tower 2.
Italpinas top officials led by company chairman and COO Romulo Nati, president Atty. Jojo Leviste, City Mayor Oscar Moreno and INVEST officer Eileen San Juan led the cutting of ribbon followed
by the blessing ceremony administere d by Msg r. Florencio Salvador of the St. Francis Xavier Chaplaincy. During the event, PRCC Administ rator Je anette Galleto turned over the key to
one of Primavera Residences’ Tower 2 unit owners, Engr. Marie Cristy Lugtu, with IDC key officers, Arch. Nati and Atty. Leviste. “ We r e a l l y b e l i e v e that Cagayan de Oro has a growth rate that’s much more exciting than other cities. The Philippines itself is growing very fast, but I think it’s time now to be more sophisticated about where we go within the Philippines italpinas/PAGE 7
DSWD, KALAHI-CIDSS hold annual monitoring and evaluation forum By SHAUN ALEJANDRAE Y. UY, Contributor
THE Department of Social Welfare and Development (DSWD) Field Office 10 gathered the regional Kapit Bisig Laban sa Kahirapan Comprehensive and Integrated Delivery of Social Services (KALAHI-CIDSS) National Community Driven Development (NCDDP) staff to its three-day Annual Monitoring and Evaluation Forum, Chali Beach Resort,
December 14-16. Deputy Regional Program Manager Teofreda Dingal expressed her congratulations to all area coordinating teams who have strived to complete the important milestone of the program, “we know this is not an easy job but you have sustained your commitment to work the department, the annual forum/PAGE 6
Vendors selling fruits and vegetables fill many sidewalks in Malaybalay City in anticipation of people who are out to purchase food items for the New Year’s Eve. mindanews photo by h . marcos c . mordeno
YEAREND REPORT:
Mindanao besieged by power outages in 2015 By CHENG ORDONEZ, Executive Editor
M&E-III James Andrew Young conducts a lecture on how to correct a database full of errors during the recently held Department of Social Welfare and Development Annual Monitoring and Evaluation Forum. photo by shaun uy
THE National Grid Corporation of the Philippines (NGCP) has listed four factors that are causing brownouts and affecting, practically, all its customers, private utilities and electric cooperatives in Mindanao. NGCP is a privatelyowned corporation in charge
of operating, maintaining, and developing the country’s power grid by transmitting high-voltage electricity through “power superhighways” that include the interconnected system of transmission lines, towers, substations and related assets. E n g r. E m m a n u e l
Abellanosa, department head of the Mindanao Operations and Maintenance of the NGCP based in Iligan City, identified these factors as follows: Two generationrelated and two transmissionline-related factors. T he t wo ge ne r at i on factors, which is under the supervision of the National report/PAGE 7
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