BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 095
Market Indicators
As of 6:13 pm February 4, 2016 (thursday)
FOREX
PHISIX
US$1 = P47.75
6,652.83
X Briefly
X
12.9
131.35
cents
points
Gasoline peddling THE Bureau of Fire Protection (BFP) has thrown a dragnet to round up illegal gasoline peddling in Cagayan de Oro, a city councilor said Wednesday. City Councilor Ramon Tabor said that the BFP has acted on the reports about the illegal peddling of gasoline in the city’s villages here after a meeting with the city council committee on police, fire, and public safety. Tabor, chair of the council committee on police, fire, and public safety, said that local association of petroleum dealers wrote the city council last week about the illegal sale of gasoline here.
Caves protection AT least 113 caves were identified and assessed by the Department of Environment and Natural Resources (DENR) here in Northern Mindanao. In their report to the DENR 10 Regional Director Ruth M. Tawantawan, the Protected Area Management and Biodiversity Conservation Section (PAMBCS) Regional Cave Assessment Team said that two out of the 113 caves assessed have been officially classified under Class “II.” The other caves assessed, although given initial classifications by the DENR, are still subject to an official classification by the Regional Cave Committee (RCC).
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2014 ppi’S Best in ENVIRONMENTAL Reporting Friday | February 5, 2016
M’danao gets relief from new coal plants
S
By CARMELITO Q. FRANCISCO, Correspondent
UPPLY in the Mindanao grid received a boost starting on Monday with the full operation of the new 300-megawatt (MW) coal-fired power plant of Aboitiz Power Corp.’s Therma South Inc., but allocation to power utilities remain tight.
Another 105 MW of coalfired power is expected to be available within the first
quarter from the Alcantaraled Sarangani Energy Corp.’s (SEC) plant in Sarangani
P15.00
province. “Our problem now is the transmission facilities,” said Vicente T. Lao, chair of the Mindanao Business Council as well as the Mindanao Electric Power Alliance (MEPA). MEPA, which groups the southern island’s electric cooperatives and private distributors, is scheduled to relief/PAGE 7
BRISK SALES. Surgical masks sell like hotcakes near the Northern Mindanao Medical Center (NMMC) in Cagayan de Oro City where the 36-year-old woman from Singapore was hospitalized after having diagnosed as having symptoms of the dreaded Middle East Respiratory Syndrome corona virus (MERS-CoV). The vendor says her surgical masks are selling like hotcakes at P25 each. photo by gerry lee gorit
Peace process continues 12-hr brownout despite non-passage of BBL to hit parts of GOVERNMENT of t he Philippines Chief Negotiator Mirriam Coronel-Ferrer said that the Bangsamoro peace process will continue even though the 16th Congress closed sessions Wednesday without passing the proposed Bangsamoro Basic Law (BBL). “The collective inaction of our legislators to complete the deliberation on the
BBL did not, and will not, stop the momentum of the Bangsamoro peace process,” Ferrer said in a statement on Wednesday. “At this low point, we call for sobriety and perseverance.” Ferrer said the Comprehensive Agreement of the Bangsamoro (CAB) from which the proposed peace/PAGE 7
M’danao Sunday
THE National Grid Corporation of the Philippines (NGCP) on Thursday announced a 12hour blackout in some parts of Mindanao on Sunday due to “regular maintenance” of its major transmission lines. Beth Ladaga, of the NGCP’s corporate communication brownout/PAGE 7
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