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Volume V, No. 106
Market Indicators As of 5:54 pm feb. 20, 2015 (friday)
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PHISIX
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Go Negosyo DAVAO City -- Go Negosyo Centers will be rolled out this year in Davao City and four provincial centers in Davao Region as part of the Department of Trade and Industry’s (DTI) major support programs for micro, small and medium scale enterprises (MSMEs). The establishment of the centers is provided for under Republic Act 10644, a law passed in July 2014 to promote employment generation through the development of the MSME sector. The corresponding Implementing Rules and Regulations (IRR) for the Go Negosyo Act were issued by DTI in January this year. Under the IRR, a multi-phase plan for the establishment of the Go Negosyo Centers nationwide will be approved by the DTI within the next six months.
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House Bill filed to form Mindanao Power Corp.
T
By Philippine News Agency
O help ensure long-term adequate p ower to supp or t Mindanao’s economic development, Zamboanga City Representative Celso L. Lobregat has proposed the creation of the Mindanao Power Corporation, or MinPOW.
Lobregat’s House Bill 2621, or the proposed “Charter of the Mindanao Power Corporation,” is now pending with the House committee on government enterprises and privatization. “ This bi l l s e eks t he non-privatization of the Agus-Pulangui hydropower complexes, located in Lanao del Sur and Bu k i dnon provinces, which are considered the crown jewels of the Mindanao power industry,” as part of efforts to find a viable way to operate
and maintain these assets that provide most of the electricity requirements of Mindanao at lower rates, Lobregat said. Republic Act 9136 or the Electric Power Industry Reform Act, which liberalized and allowed the privatization of the p ower industr y, was aimed at securing the country’s power supply and reducing cost of electricity through greater competition and efficiency. “However, more than a decade after the law’s bill/PAGE 11
Vegetable Congress THE Department of Agriculture - (DA) region 10 through the High Value Crops Development Program (HVCDP) continues to support the vegetable sector as it partners with the northern Mindanao Vegetable Producers Association, Inc. (NorMin Veggies) Marketing Cooperative in preparation for the 14th National Vegetable Congress which will be held in Cagayan de Oro City, September this year. The event which targets to convene 1,000 vegetable growers throughout the country is seen to brace the collaboration between the government and the propellers of the agriculture industry in boosting the potentials of the vegetable sector in meeting local and export market demands. It also aims to forge recommendations to develop programs, strategies and legislation to bolster the vegetable value chain thereby attaining food security and sufficiency targets, reduce poverty incidence and increase farmers’ yield and income.
Fri-Sat | February 20-21, 2015
CHINESE NEW YEAR. Filipino-Chinese residents in Surigao City celebrate the New Year on Thursday, February 19, with a dragon dance along city streets, where they give away free tikoy and ice cream for Surigaonons. mindanews photo by roel n. catoto
STEAG’s shutdown seen to have minimal impact on Mindanao Grid By MIKE BAÑOS, Editor-at-Large
PHOTO EXHIBIT. A lumad of the Banwaon tribe from San Luis, Agusan del Sur looks at a photo exhibit featuring alleged human rights violations in the Caraga Region displayed at the Libertad sports complex in Butuan City on Thursday. The exhibit, part of the week-long protest staged in the city, was mounted by the Kahugpungan sa Lumadnong Organisasyon (KASALO), Karapatan-Caraga and other human rights groups. mindanews photo by erwin mascarinas
THE committee charged with monitoring the power situation in Mindanao says the planned power outage by Mindanao’s first coal-fired power plant this month will not have a significant impact on the island provided no other power generating plants cease operating during the shutdown period. “The scheduled preventive maintenance shutdown of STEAG is expected to have only a slight impact, roughly 9 percent gridwide,” said Romeo M. Montenegro, the Investment Relations and Public Affairs Director of Mindanao Development Authority (Minda), in a text message to BusinessWeek Mindanao. “In addition, several coops now have embedded capacities such as modular gensets that can be tapped in the unlikely event of a shortfall,” he added.
Steag’s preventive maintenance of its two generating units may have adverse effect to the Mindanao grid, but its impact is seen to be just minimal.
Mr. Montenegro said the committee will meet next Tuesday, 24 February 2015, for updates on the Mindanao power situation and measures to deal with any contingencies. In a public advisory dated 16 February shutdown/PAGE 11
Database for family businesses pushed By MARK FRANCISCO, Staff Writer
PREMIER Family Business Consulting is embarking on a new endeavor – to create a database for family businesses in Mindanao. D ur ing a lunche on
interview recently, Premier CEO Jonathan Ramos said the need for a database of sma l l and me dium enterprises (SMEs) in the island is high time now that
the country is bracing for Asean economic integration. Premier Family Business Consulting is a private outfit established in Cebu City in 2010 solely for assisting SMEs which are classified database/PAGE 11
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