BusinessWeek MINDANAO Your daily business paper
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 110
Market Indicators
As of 6:10 pm feb. 25, 2015 (wednesday)
FOREX
PHISIX
US$1 = P44.12
7,844.06 points
21 cents
X X Briefly 9.20
points
World record DAVAO City -- The Guinness World Records (GWR) has formally recognized the record-breaking achievement of Treevolution: Greening MindaNow. The massive tree-planting set the new world record achieved the planting of 2,294,629 trees, carried out last September 26, 2014 by 122,168 volunteers at 29 locations across Mindanao. As proof of the recognition the record-breaking achievement was posted yesterday (Feb. 23) at the website of the Guinness World Records. “This is a huge feat for all Mindanawons, especially the volunteers and partners, particularly the Department of Environment and Natural Resources (DENR) who showed overwhelming support in successful conduct of TreeVolution,” says Mindanao Development Authority chairperson Lualhati Antonino.
Convergence strategy ZAMBOANGA City – The Department of Labor and Employment (DOLE)-9 here has introduced a strategy to improve industry workers’ conditions and enhance their productivity in their workplaces during the recent launching of the Labor Management Cooperation (LMC) Convergence Program at the LM Metro Hotel here with players from the canning and fishing industry in attendance. As stipulated in its guidelines, LMC emphasizes that “all plant-level DOLE programs and services shall be delivered through one plant-level structure.” Programs on workers’ productivity, occupational safety and health, family welfare, grievances and labor laws compliance shall now be coursed through one single mechanism through organized plantlevel committees. This structure will also handle all worker-related concerns and issues at the workplace level. The guidelines also emphasized that the programs “shall be converged to address decent work deficits, foster harmonious labor-management relationships and industrial peace, and increase productivity and competitiveness of enterprise.”
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Thursday | February 26, 2015
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P2.3B power line project to ease supply shortage
T
By IRENE DOMINGO, Staff Writer
HE state-owned National Grid Corp. of the Philippines (NGCP) bagged regulatory approval to put up a P2.31billion transmission line project traversing Davao Occidental to Davao del Sur, aimed at partly addressing the dwindling power supply in Mindanao.
The project constitutes a 230-kilovolt (kV) transmission line f rom Malita, Davao Occidental to Matanao in Davao del Sur. In a decision rendered last week, the Energ y Regulator y Commission (ERC) approved the NGCP’s proposed project which is intended to dispatch the power that will come from the proposed 600-megawatt (MW) coal power plant of San Miguel Consolidated Power Corp. (SMPC). SMPC’s coal plant will be connected to the proposed new Malita 230-kV substation
which will be connected to the grid through the existing Matanao-Toril-Davao 138kV facility. The grid operator said the transmission line is necessary otherwise SMPC’s coal plant will not be connected to the Mindanao grid and there will be no additional generation capacity to the island. “Considering that SMPC wi l l inst a l l 1×150-MW unit per year, the power curtailment that will not be injected to the grid due to lack of transmission line facility connecting SMPC’s coal plant will be 150 MW in shortage/PAGE 11
PLANTING RICE. A farmer whips a bundle of rice seedlings to clear the roots of mud before planting them in barangay Mahay, Butuan City. mindanews photo by erwin mascarinas
Europe eyed as big market for Zamboanga’s rubber industry ZAMBOANGA Peninsula’s robust rubber industry is eyeing to take advantage of greater market access to the European Union. The Department of Trade and Industry (DTI), in a statement, said it met with businessmen in Zamboanga
City to brief them on how they can take advantage of the EU’s Generalized System of Preferences Plus (EU-GSP+). EU-GSP+ expands the list of products that the Philippines and other qualified countries can export duty-free or at reduced tariffs
to any of the EU’s 28 membercountries. In the case of the Philippines, which became p a r t of E U - G SP + l a s t December and was the only Asean member-state to qualify, the list has been rubber/PAGE 11
Davao braces for 2-hour rotational brownouts RELATIVE PEACE. MILF guerrillas rest under the shade of banana plants on Tuesday while other comrades watch from a distance the arrival of the PNP Board of Inquiry at the encounter site in Tukanalipao, Mamasapano, Maguindanao. mindanews photo by toto lozano
DAVAO City -- The 333,680 customers of Davao Light and Power Company (DLPC) still enjoy a continued supply of electricity despite the power firm’s announcement of enforcing a two-hour
rotating brownouts starting last Saturday. However, there is no reason for Davaoeños to celebrate yet. The two-hour power interruption will remain once supply cannot
meet the demand in the coming days or within the period when the two units of the STEAG State Power Inc. are under preventive maintenance. brownouts/PAGE 11
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