BusinessWeek Mindanao (February 19-20, 2016)

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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 101

Market Indicators

As of 6:12 pm February 18, 2016 (thursday)

FOREX

PHISIX

US$1 = P47.559

6,848.87

9.9

X X Briefly

cents

92.05 points

Crab production AFTER achieving 100% rice self-sufficiency, Lanao del Norte is being primed to become a leading production center for crab, the Department of Agriculture (DA) said. Bureau of Fisheries and Aquatic Resources Director Asis G. Perez said that the project will be rolled out this year in Panguil Bay which is an inlet from which crablets have been sourced in the past. “[The project] is crab fattening and soft-shell crab production,” said Mr. Perez. On soft-shell production, the director said that BFAR will introduce a technology for crab fattening, with the aim of expanding users’ output by about 10 times.

Entrepreneurship BUTUAN City -- In support to the eager determination of the OFW Family Circle of Del Monte, Talacogon, Agusan del Sur to strengthen their organization, the Overseas Workers Welfare Administration (OWWA) extended the Entrepreneurship Development Training on February 9-10. The organization’s president, Ariel N. Arreza, extended the DOFWO’s desire to eventually begin operation. However, before they start rolling out, they wanted to be fully equipped with the necessary skills in handling a business operation and processes. T h e t w o - d a y Entrepreneurship Development Training was attended by 60 members of Del Monte OFW Families Association (DOFWO). Topics on Financial Literacy were also included in the Training.

2014 ppi’S Best in ENVIRONMENTAL Reporting

P15.00

Aboitiz solar project to start before deadline www.businessweekmindanao.com

A

Fri-Sat | February 19-20, 2016

By BONG D. FABE, Editor-at-Large

BOITIZPOWER Corporation’s (AP) 59 megawatt peak (MWp) P3.59 billion solar energy project (solar farm) is on track to begin commercial operation before the cut-off date set by the Energy Regulatory Commission (ERC) for solar energy projects. The ERC set March 15, 2016 as the deadline for developers of all solar power projects to go online to be able to avail of the prescribed second wave of Feed-in-Tariff (FiT) rate of P8.69 per kWH. Failure to go on commercial operation by

this date means the solar power developer will get a lower FiT incentive. The FiT, through fixed price rates for the generated electricity, guarantees revenue for the solar farm for a period of 20 years. solar/PAGE 10

Therma’s coal power plant undergoes maintenance By ANTONIO L. COLINA IV, MindaNews

DAVAO City – Therma South Inc. (TSI), a wholly owned subsidiary of Aboitiz Power, announced on Tuesday that it has implemented a 10day preventive maintenance shutdown on its 150-MW coal-fed TSI 1 power plant

from Feb. 16 to 26 that resulted in two- to threehour rotational brownouts within the franchise area of Davao Light and Power Company (DLPC). In an emailed statement maintenance/PAGE 10

FEWER HARVEST. A farm worker packs boxes of bananas to be delivered to Davao City at a buying station in Purok 2, Barangay Batasan, Makilala, North Cotabato. Banana growers complain of decline in harvest due to the drought. mindanews photo by toto lozano

TO FACILITATE REPAIR OF TOWER 25

House urges gov’t to declare state of emergency in Ramain By MARK D. FRANCISCO, Staff Writer

THE House committee on energy unanimously endorsed a resolution yesterday asking the Office of the President to

declare a state of emergency in Ramain, Lanao del Sur to allow government authorities to e s c or t mai nte nanc e

personnel of the National Grid Corporation of the Philippines (NGCP) who were barred from repairing a bombed Tower 25 which Emergency/PAGE 10

All presidentiables confirmed attendance in CDO debate By FROILAN GALLARDO, MindaNews

ALTERNATIVE INCOME. Isidra Batitao shows some of the “sayaf” or traditional hat by the Tedurays in South Upi, Maguindanao. Isidra and other women in their community are weaving “sayaf” and baskets to augment their income because of the drop in farm harvests due to the drought. They sell “sayaf” from P150 to P1,500 each depending on the quality. mindanews photo by toto lozano

ALL the presidentiables have signified they will be attending the presidential debate dubbed as “Pilipinas Debates 2016” at the Capitol University this coming

Sunday, the Commission on Elections said. Comelec Misamis Oriental acting director Joseph Cuevas said they have a lre ady re ceive d

confirmation from all the presidential candidates. “This is the first of a series of debates. We are inviting the people to watch debate/PAGE 10

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