BusinessWeek Mindanao (February 22, 2017)

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BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 115

Market Indicators

As of 6:11 pm February 21, 2017 (tuesday)

FOREX

PHISIX

US$1 = P50.182

7,267.50

19.5 cents

X

13.69

X

points

Briefly

Federalism ABOUT 5,000 residents from all over Misamis Occidental gathered Monday at the Medina College Gymnasium in Ozamiz City for the grand launching of the Mayor Rodrigo Roa DuterteNational Executive Coordinating Committee (MRRD-NECC). Gracing the event were San Luis, Batangas Mayor Samuel Ocampo, MRRD - Peoples National Movement for Federalism national president, and Commissioner Manuel Serra Jr. of the Presidential Commission for the Urban Poor and MRRD-NECC campaign manager. During the launching on Monday morning, members of the MRRD-NECC from the cities and towns in Misamis Occidental were sworn in.

Sasa modernization DAVAO City -- A homegrown cargo handling firm is throwing its all-out support to the Sasa Port modernization in order to address the growing demand of increasing cargo ships docking at Davao’s main port. Harry Lopez-Chua of Filipinas Port Services (Filport) said modernizing Sasa Port would improve services and result in faster turnaround while an additional space would accommodate some new equipment. He said currently, the port handling remains traditional using only short cranes. If there is improvement in cargo handling, it is privateinitiated to improve their service and cope with competition.

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Surigao execs hit Lopez on mining shutdown www.businessweekmindanao.com

By CHRIS V. PANGANIBAN, Contributing Editor

C

A N T I L A N , S u r i g a o d e l S u r— Environment Secretary Gina Lopez has found a nemesis in two top local officials of this province who refuted her two-year green economy ecotourism program that would serve as an alternative to the closure of mining companies here. Surigao del Sur Gov. Vicente Pimentel Jr. and Mayor Philip Pichay of this town, whose families are into mining businesses, both

agreed that it would take three to five years before the ecotourism industry to fully develop and the abrupt closure of mining companies

Wednesday | February 22, 2017

in the province would result to economic dislocation of some 7,000 residents who are dependent of the mineral production industry. The local officials aired t he i r d is d ai n ove r t he recent actions of Lopez to cancel at least 28 holders of Mineral Production Sharing Agreement , of which 14 are operating in Caraga region during a press conference after the march rally among 5,000 residents of two shutdown/PAGE 15

NO CONTINGENCY PLAN. Surigao del Sur Gov. Vicente Pimentel, Jr. and Cantilan Mayor Philip Pichay are seeking for government’s contingency measures that would cushion the impact of massive jobloss once mining firms in the province are closed down. Photo by JANUS LOUISE V. PANGANIBAN

TESDA bares 1,574 scholarship slots for Northern Mindanao

SM enters condo market in Davao By CARMELITO Q. FRANCISCO Correspondent

D AVA O C i t y - - S M Development Corp. (SMDC), the residential development subsidiar y of SM Prime Holdings, Inc., is putting up its first condominium in the city with construction planned to start by the third quarter this year. Jonathan Nick D. Santos, assistant mall manager of SM City Davao, said the fourbuilding project, with eight floors each, will occupy a 2.5-hectare portion of the existing SM City Ecoland open parking area. “We are ver y excited with this project as this will complement the mall,” Mr. market/PAGE 15

By MARK FRANCISCO Staff Writer

FISH PRICES UP. Despite the freeze order imposed on prices of basic commodities and petroleum products within the disaster-stricken Surigao City following the 6.7-magnitude quake that hit Surigao del Norte last February 10, prices of fish have up dramatically. Lack of supply due to bad weather have been attributed as the reason for the price increase. MindaNews photo by Roel N. Catoto

DOE sees wide support for WESM in Mindanao

C ON SU LTAT ION S conducted by the energy department have shown a wide support for the establishment of a Wholesale Electricity Spot Market (WESM) in Mindanao. In a news release issued Monday, the Department of Energy (DOE) said it has recently held public URBAN FISHING. A local resident takes advantage of consultations in Cagayan the good weather by fishing using his bamboo pole with line, hook and sinker at a channel near the river of de Oro and Zamboanga City, South Montilla Boulevard in Butuan City early yesterday. presenting to stakeholders a draft circular on the policies Photo by Jun Ayensa

for the operation of a WESM in Mindanao as part of the department’s mandate to provide reliable, readily available and reasonably priced electricity. The two consultations were attended by energy experts and power industry p ar t icip ants, investors, consumers, members of the academe and other stakeholders, all of whom expressed confidence that support/PAGE 15

THE provincial Technical Education and Skills Development Authority (TESDA) in Misamis Oriental announced Thursday the availability of 1,574 scholarship slots in the region. Leo Velez, the TESDA provincial director in Misamis Oriental, said that the training for work scholarship program (TWSP) would be available in Misamis Oriental and Northern Mindanao provinces this year. TWSP is intended to fill up the skills gaps and job requirements of priority industries and sectors with high employment demand from the village level. For a s t a r t , s u r v e y forms were distributed to all the villages in Northern Mindanao to be filled out by village officials on the possible vocational courses that the village residents would take if given a chance to be a TESDA scholar. Ve l e z s ai d t h at t h e TESDA later found out that the vocational courses on Housekeeping and Shielded Metal Arch Welding were generally appealing to the underprivileged who reside in the hinterland villages of tesda/PAGE 15

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