BusinessWeek Mindanao (January 13, 2016)

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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 085

Market Indicators

As of 6:11 pm january 12, 2016 (tuesday)

FOREX

PHISIX

US$1 = P47.325

6,330.55

5.4

X X Briefly

cents

42.29 points

Injunction granted

CAGAYAN de Oro City Mayor Oscar Moreno obtained a writ of preliminary injunction Monday afternoon from the Court of Appeals Special 22nd Division here. Pastor Temor, the legal counsel of complainant William Guialani, confirmed to the Mindanao Daily News (MDN), that his office received the resolution about 5 p.m. Monday.Lawyer Leon Gan, one of the counsels of the Vice Mayor Caesar Ian Acenas, also confirmed the CA’s granting of the preliminary injunction to Moreno. Gan, however, lamented the CA’s failure to hear the “petition for inhibition” filed by William Guialani and the “Motion for Leave and Intervene” of Vice Mayor Acenas.“We are appalled by the sudden issuance of the writ of preliminary injunction without the hearing the side of the complainant,” Gan said.

Mitigating El Nino TO strengthen the implementation of the National Greening Program (NGP) and protection of the forests, the Department of Environment and Natural Resources (DENR), Region 10 recently conducted a Trainor’s Training on “Mitigating Measures in Response to El Niño Phenomenon” in the provinces of Lanao del Norte, Misamis Occidental, Bukidnon, Misamis Oriental and Camiguin. The Trainor’s Training aimed at capacitating the NGP Extension Officers, BantayGubat and other DENR 10 employees in the Provincial/Community Environment and Natural Resources Offices (PENROs/CENROs) particularly in the occurrence of the forest fire which is one of the effects of El Niño phenomenon. Topics discussed included vulnerabilities of NGP Plantation and its importance to inclusive growth, People’s Organization Mobilization/Organization of fire fighting brigade, fire fighting techniques, and reporting and documentation of NGP.

2014 ppi’S Best in ENVIRONMENTAL Reporting

P15.00

Russia, Australia eyed as new sources of coal www.businessweekmindanao.com

Wednesday | January 13, 2016

A

By CARMELITO Q. FRANCISCO

BOITIZ Power Corp. (AboitizPower) is looking at Australia and Russia as future sources of coal for its power plants, with three projects expected to be online between 2017 and 2019. The power unit of Aboitiz Equity Ventures, which inaugurated a 300-megawatt (MW) plant here last Friday, is currently building three other coal-fired power plants -- a 340-MW facility in Toledo City, Cebu under Therma

Visayas, Inc.; a 600-MW plant in Subic, Zambales in partnership with Manila Electric Co. and Taiwan Cogeneration Corp.; and the 420-MW Pagbilao 3 plant in Quezon, an expansion of coal/PAGE 6

SACADA. The tractor operator is the lone male among an all-women group of sacada (seasonal workers) preparing the land for planting sugarcane in Quezon town, Bukidnon on Saturday. Male workers operate the tractor or cut the canes for harvest. Workers are paid P150 daily wage. The National Wages and Productivity Commission says agricultural workers in Quezon and other Bukidnon towns should be paid P289 daily wage plus ten pesos a day cost of living allowance. mindanews photo by froilan gallardo

MinDA says there’s no link between bombing suspects and land owners By ANTONIO L. COLINA IV, MindaNews

THERE is no direct link between the perpetrators behind the Christmas eve bombing of Tower 25 of the

National Grid Corporation of the Philippines (NGCP) in Lanao del Sur and the family who has unsettled

claims with the government over this land, an official of the Mindanao Development Authority (MinDA) said on Monday. minda/PAGE 6

Major tourism players tapped to push Halal By ANTONIO L. COLINA IV, MindaNews

DAVAO City -- Major tourism players will be tapped to push for the development of the Halal sector in the country in a bid to attract more tourists from Islamic countries.

In a roundtable discussion at Dermpath at SM City on Tuesday, Marilou Ampuan, a trustee of the Tourism Congress of the Philippines, said that they are encouraging

business establishments to seek for accreditation from a certifier who is accredited by the National Commission on Muslim Filipinos (NCMF). She said that these tourism players are in the frontline halal/PAGE 6

As shown above, the whole project costs P78 billion covering approximately 2,000 kilometers of railways connecting Mindanao’s major cities. Implementation will be done in six (6) phases with Phase 1 covering the Iligan-Gingoog link.

Revival of the elusive Mindanao railway project tops presidential campaign By MARK D. FRANCISCO, Staff Writer

ECHOING his presidential running mate’s bid to include the Mindanao railway system as among his administration’s priority project, vice presidentiable Allan Peter Cayetano said this mode of transportation would boast the island’s economic

development. Presidentiable Davao City Mayor Rodrigo R. Duterte earlier vowed to immediately calendar the construction of the Mindanao railway system should he win in the coming election. campaign/PAGE 6

vertical home builders enterprises

Patag Highway, Cagayan de Oro City / Tel. No. 858-5789 / Fax No. 850-5020; Cel. Nos. 0919-655-3754, 0923-304-2676; Email: verticalhomebuilders@yahoo.com

Dealer of hardware and construction materials

Product Lines: - Angle Bars - Gl Pipes - C-Purlins - Holow Blocks - Coco Lumber - Carrying Channel - Double Furring Channel - Single Furring

- Acoustic Board - Polycarbonate - Power Tools - God Lumber S4S - Panel Doors - PVC Laminated Panel - PVC Vertical Blinds - Roller Blinds - Wooden Blinds

- Armstrong Vinyl Tiles - Kent Vinyl Tiles - Parquet Tiles - Apo Vinyl Tiles Distributor & Dealer of: - Steel Bars - Holcim Cement - Davis Paint

- Sand & Gravel - Plywood - INdustrial Supplies - Finishing Supplies - Electrical Supplies - Power Tools - Air Compressors

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


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