BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 100
Market Indicators
As of 12:12 pm January 17, 2017 (tuesday)
FOREX
PHISIX
US$1 = P49.849
7,238.45
22.7 cents
X
0.07
X
points
Briefly Asean sea link THE Department of Transportation (DoTr) will soon be opening a new and shorter sea route from the Philippines to Indonesia in a bid to enhance connectivity and boost international trade within the two nations. The new Davao City -General Santos -- Bitung, Indonesia shipping route, will allow the ferrying of goods to take only three days, as opposed to the current three to five weeks shipping time via the Manila route to Bitung, which is in northern Sulawesi. The new route will also provide a cheaper alternative for doing business with savings estimated to about $1,500 (P75,000) per twenty-foot equivalent unit (TEU). “Having a shipping route such as this is crucial for any maritime region. Sea linkage will strengthen our economies and our partnerships in other areas of development. And it will also improve the quality of life of our people because local businessmen and traders will directly benefit from this,” Transportation Secretary Arthur P. Tugade was quoted as saying.
Expanded leave NOT just mothers, but also fathers are expected to benefit from a measure filed in the Senate that seek to double women’s maternity leave, Sen. Risa Hontiveros said Tuesday. Hontiveros, chair of both Senate Committees on Women and Health, earlier filed Senate Bill 215 or “The Expanded maternity Leave Act” that is meant to increase the maternity leave from 60 to 120 days with an extra 30 days for single mothers for a total of 150 days. The neophyte senator said her measure also covers the proposed Expanded Maternity Leave Law, which she described as a “Daddy quota” of the bill.
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Wednesday | January 18, 2017
3 dead, 5,000 affected as floods hit CDO, MisOr
By CARMELITO Q. FRANCISCO, Correspondent
T
HE financial and technical capacity of electricity cooperatives is critical for a planned wholesale power spot market in Mindanao, with initial evaluations by the Mindanao Power Monitoring Committee (MPMC) indicating that the proposed launch in June this year could be postponed. “The readiness of these electric cooperatives in terms of financial and technical
expertise will matter so much because they are the market/PAGE 11
THE MORNING AFTER. CM Recto in Cagayan de Oro as of 6:08 a.m., Tuesday, 17 January, after waist-deep to neck-deep floodwaters stranded thousands of residents in schools and offices on Monday. Photo courtesy of NEFOI LUCZON By CRIS DIAZ, Contributing Editor
AT LEAST three people died due to drowning while 5,000 individuals were affected by flooding in Misamis
Oriental and Cagayan De Oro City, officials said Tuesday. Rescuers recovered the
bodies of Rudy Boy Cabido, 14, in the village of Agusan, east of this city on Tuesday morning and Zian Angel floods/PAGE 11
3 Mindanao regions to pilot run subsidized power costs PHILIPPINE Economic Zone Authority (PEZA) Director General Charito Plaza has identified to the
Department of Energy (DOE) three regions in Mindanao that will be the pilot areas for the subsidized power costs
in the southern Philippines. Plaza said in an interview that PEZA and DOE will power/PAGE 11
RAGING WATER. Inside the Mindanao University for Science and Technology in Cagayan de Oro City on Monday, January 17, 2017, worst flooding inside the campus since 2012. About 300 to 500 students, faculty and staff were stranded. Photo courtesy of NEFOI LUCZON
Cagayan de Oro declared under state of calamity By MINDANEWS
CAGAYAN de Oro City has been placed under a state of calamity after several parts of the city and its rural barangays were flooded due to heavy rains on Monday
afternoon brought by a low pressure area over the Visayas and Mindanao. The city council issued the declaration early Tuesday calamity/PAGE 11
STRANDED. (Right) Rescue teams transport stranded passengers in Cagayan de Oro City via rubber boats, Monday night (Jan. 16, 2017), when the city submerged in rainwater due to torrential rains spawned by low pressure area, affecting mostly parts of Northern Western and Western Mindanao. (Left photo) Some enterprising individuals, however, were taking advantage of the flooding to ferry residents using makeshift raft charging P50 per passenger. PHOTOS By GERRY LEE GORIT
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