Businessweek Mindanao (February 25, 2015)

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BusinessWeek MINDANAO Your daily business paper

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 109

Market Indicators

As of 6:10 pm feb. 24, 2015 (tuesday)

FOREX

PHISIX

US$1 = P44.33

7,834.86 points

6 cents

X

X Briefly 8.79

points

Skills training BUTUAN City -- A total of P11,941,171 worth of skills training under the Bottom Up Budgeting (BUB) has been approved for Caraga Region in 2015. According to Technical Education and Skills Development Authority (TESDA) Caraga regional director Florencio F. Sunico, Jr. the budget has been approved through the stewardship of TESDA Sec. Emmanuel Joel Villanueva who has been known as the country’s Technical Vocational (Tech-Voc) champion. “Knowing the positive effect of the massive tech-voc trainings that have been conducted in 2014 which contributed to the economic growth of the region, our government has been investing much to deliver tech-voc trainings in the country,” Dir. Sunico said.

Oil palm CATEEL, Davao Oriental -- As part of the advocacy of Davao Oriental provincial government to uplift the living condition of its constituents affected by Typhoon Pablo through the Building Back Better Program, the Provincial Agriculture Office (PAGRI) and the of Cateel local government successfully launched the first Davao Oriental Oil Palm Industry Development Project last Tuesday, (February 17). According to Rotchie Ravelo, Provincial AgrIculturist Office head, the said project is an opportunity fo farmers to develop another crop besides coconut considering that millions of coconut trees were destroyed as Typhoon Pablo hit the province in 2012. Based on tedious industry studies conducted by experts, oil palm is one of the most practical crops to replace coconut as it suits well to the province’s the climate, soil and topography.

C.M. Recto Avenue, CDO 0917-851-4308

P15.00

Govt steps in to save ailing power coops www.businessweekmindanao.com

F

Wednesday | February 25, 2015

By IRENE DAYO, Staff Writer

OUR ailing electric cooperatives in Mindanao are among the debt-ridden power providers in the country that are expected to get a sigh of relief after the Department of Energy (DOE) has announced to step in to avert power outages in their franchise areas.

These include Tawi-Tawi Electric Cooperative Inc. (Tawelco), Basilan Electric Cooperative Inc. (Baselco), Sulu Electric Cooperative Inc. (Suleco) and the Lanao Sur Electric Cooperative Inc. DOE Secretary Carlos Jericho Petilla said at least thirteen power coops we re i d e nt i f i e d by t he National Electrification

Administration (NEA) as ailing because of several indicators namely: debts owed to PSALM and to various service providers and power sources such as the National Grid Corp. of the Philippines (NGCP) and private power companies; negative net worth, and their system losses that are above the 13-percent cap set Power/PAGE 11

CHILDREN OF WAR. Children of Barangay Kabasalan in Pikit, North Cotabato play on Monday amid the ruins as they returned home. They and their families earlier left for safety as the MILF and the BIFF clashed. mindanews photo by ferdinandh cabrera

DOE offers service contracts to 17 hydro, 4 geothermal projects THE Department of Energy (DOE) is offering service cont rac ts, t hroug h t he Op en and C omp etitive Selection Process (OCSP), to 17 p otential hydropower project sites with a

capacity of 708.4-Megawatts (MW) and four geothermal prospect sites with 134-MW of estimated power. In a re l e a s e on it s website, the DOE showed the description of 17 hydro

and four geothermal power potential sites for its second round of OCSP, which was estimated through local and foreign group studies. Some of the studies were projects/PAGE 11

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


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