BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 094
Market Indicators
As of 6:20 pm February 2, 2016 (tuesday)
FOREX
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Briefly
Duck raising MISAMIS Oriental -– The p ro v i nc i a l g o v e r n m e n t launches a “duck raising project” as a means to fight poverty in the province, Gov. Yevgeny Vincente Emano said Tuesday. Known as “Itikan sa Kalamboan” (duck raising for progress), the project aims to work with peoples’ organizations (POs) and cooperatives in the province, Emano said. He said that initially, the province would provide the POs with 100 heads of ducks, 15 bags of feeds, and four bags of corn seeds.
2014 ppi’S Best in ENVIRONMENTAL Reporting
Wednesday | February 3, 2016
By LILIAN C. MELLEJOR, Philippine News Agency
A
MINDANAO business leader wants an investigation of the National Grid Corporation of the Philippines (NGCP) to establish whether it is accountable for its failure to protect the transmission lines from the Mindanao grid that resulted to the worsening power outages in Mindanao. Mindanao Business Council (MBC) chair Vicente Lao said the power sector has been privatized, thus NGCP has the duty to see to it that the transmission lines are properly protected. “We have read about some of the weaknesses of NGCP…
since it is now a private sector it is the duty of the NGCP to see to it that the grid is properly protected,” he said, adding that “if in case NGCP will not be able to protect the grid or will not make efforts, I still believe that NGCP must outages/PAGE 11
The newly-built coal-fired power plant by herma South, Inc., a subsidiary of AboitizPower Corp.
Aboitiz coal-fired power plant opens, but brownouts to continue in Davao
New eco zone DAVAO del Norte -- A 63-hectare agri-industrial economic zone breaks ground this morning in Panabo City. Situated adjacent to the Davao International Container Terminal (DICT), the Anflo Industrial Estate, owned by the Anflo Group of Companies, features a self-sustaining economic zone for manufacturing and warehousing agro-industrial components. Damosa Land Inc. Vice President Ricardo Lagdameo highlighted that the estate offers stable power supply, clean water for processing, wide road networks and modern drainage system. Philippine Economic Zone Authority Director General Lilia de Lima and officials of the Anflo Group of Companies led the ground breaking ceremony.
P15.00
Business group wants probe over outages www.businessweekmindanao.com
By ANTONIO L. COLINA IV, MindaNews
BLAMING THE PRESIDENT. Students join their elders in a rally in Marawi City on Monday blaming President Benigno Aquino III for the non-passage of the Bangsamoro Basic Law. mindanews photo by froilan gallardo
Basic government services all set as Gingoog holds 2-day Serbisyo Caravan By BENCYRUS G. ELLORIN, Editor-at-Large
GINGOOG – All key government services will be focused here as the administration of Mayor
Marie L. Guingona holds the two-day Serbisyo Caravan on February 3 – 4, 2016. caravan/PAGE 10
DAVAO City— Aboitiz Power announced Monday its 150-megawatt second unit of Therma South Inc. will start commercial operation on Tuesday, a week after undergoing a corrective maintenance shutdown that brought to three hours the rotating power outages within the franchise area of
the Davao Light and Power Company. In a st atement, T SI president and chief operations officer Sebastian R. Lacson said the plant’s operation will contribute to addressing power shortage in Mindanao. “The commercial operation of the Unit 2 could not have come at a better
time as Mindanao suffers from power supply problems brought about by El Nino,” he said. The DLPC franchise area, which cover Davao City, Brgy. Bincungan in Tagum City, and Carmen, Sto. Tomas and Braulio Dujali towns in Davao del Norte, has contracted 50 MW from TSI 1 since it went commercial in September brownouts/PAGE 11
Oro City Council to look into rampant illegal sale of gasoline
THE CAGAYAN de Oro City Council will look into the complaints of gasoline dealers about the proliferation of “illegal gasoline peddling” here, a city councilor said Monday.
City Councilor Teodolfo Lao, chair of the council committee on energy, said that the legitimate gasoline operators wrote a letter last week about the rampant illegal selling of gasoline in
the streets here. Lao said that the Cagayan De Oro Petroleum Station Dealers and Operators were asking to put a stop on the illegal sales for safety reason. gasoline/PAGE 11
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