BusinessWeek MINDANAO
YOUR LOCAL ONLINE BUSINESS PAPER
www.businessweekmindanao.com
Volume IV, No. 45
www.businessweekmindanao.com
As of 6:02 pm jan. 3, 2013 (Friday)
FOREX
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COMING out of a disaster filled 2013, Bombo Radyo Philippines, the Number One Radio Network in the country schedules a week long strategic planning sessions from January 6 to 10, 2014 in Iloilo City for its yearly Top Level Management Conference 2014 to reinforce its status as the top choice of radio listeners all over
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Briefly Airport upgrade OZAMIZ City – A P125,000,000memorandum of agreement (MOA) for the modernization and improvement of the Ozamiz Airport will be entered into by the City Government with the Department of Transportation and Communication (DOTC). The Ozamiz City Sangguniang Panglungsod (SP) passed Resolution No. 270-13, allowing Mayor Reynaldo O. Parojinog, Sr., to sign the MOA with DOTC, represented by Assistant Secretary for Project Implementation, Ildefonso T. Patdu, Jr. for modernization and improvement of the existing Ozamiz Airport, included among the priority projects of the National Government, with DOTC providing the funds for the project. Among others, the MOA tasks the City Government to draw and provide for the operating standards and guidelines for the acquisition of lots affected by the project according to existing governing laws, rules and regulations.
DPWH-11 accomplishments DAVAO City -- The Department of Public Works and Highways Region XI office registered an 86.13% accomplishment rating as of December 2013. According to Regional Director Mariano Alquiza the DPWH XI out of 970 infrastructure projects has completed 718 projects, 223 on going and 29 not yet started (As of December 15 2013). The regional projects are funded from an infrastructure budget allocation of P7.59 billion. “We are hopeful to complete the 2012 and 2013 projects early this year so as not to overburden our project engineers since we have already bid-out projects under the 2014 Regular Infra Program.” Alquiza said. In 2012 DPWH-XI implemented 530 projects under the DPWH regular infra at a cost of Php. 5.560 billion; 402 projects completed, 117 on going and 11 not yet started.
FREE TV CH. 21 SkyCable Ch. 16 | Global Destiny Ch. 28 Cablelink Ch. 14 | Cignal Ch. 10
Monday - January 6, 2014
P15.00
Bombo Radyo…Ang boses at puso ng Pilipino!
Market Indicators US$1 = P44.65
12:30 PM - 1:00 PM
the country. This year’s conference theme B ombo R adyo… Ang b o s e s at pus o ng Pilipino places squarely t h e re s p ons i bi l it y an d commitment of the Network as it continues to impact the lives of the Filipino. The week long Top Level Management Conference 2 0 1 4 w i l l i d e nt i f y t he
Network’s best practices obtained through years of interaction with listeners as well as various creative innovations that will map out and ensure further enhancement of the services the Network is bringing to its listeners. Lead by media mogul and multi-business leader Dr. Rogelio M. Florete,
Bombo Radyo Philippines has continued to dominate ratings, remain as the radio of choice for Filipinos from all walks of life here and abroad thus making it the top of mind choice for advertisers and politicians alike who aspire to bring their product and their advocacies into the consciousness of people bombo/PAGE 6
New coal plant seen to end M’nao power woes FLORETE
T
By GRACE BEBER, Reporter
HE proposed P30-billion coalfired power plant in Villanueva, Misamis Oriental is seen to address the prevailing power shortage in Mindanao in the long term, the province’s second district lawmaker said in a statement.
Misamis Oriental Rep. Juliet Uy, who was also formerly municipal mayor of the host town, said the project, to be operated by FDC Misamis Power Corp., will offer medium- and longterm economic viability
and social benefits to the province, Region 10 and the entire Mindanao. FDC Misamis is a subsidiary of FDC Utilities, In c . , t h e ut i l it i e s a n d infrastructure arm of Filinvest plant/PAGE 6
THE Chinese firm that won the bid to rehabilitate two units of the Agus 6 hydroelectric power plant is expected to begin its task this month, the Power Sector Assets and Liabilities Management Corp. (PSALM) said. PSALM President and Chief Executive Officer Emmanuel R. Ledesma said the uprating is expected to be completed within 900
calendar days which will commence this January 2014. “The notice of award for the project was already issued on Dec. 12, 2013,” Ledesma said. China-based Guangxi Hydroelectric Construction Bureau was declared as the lowest bidder for the deal to upgrade the two units of the plant after the firm made a P1.59-billion offer in an agus/PAGE 6
Uprating of Agus 6 plant to commence this month
Aboitiz Group exceeds P200M challenge for Yolanda victims THE Aboitiz Group has exceeded the P200 million fund it originally set for its relief and rehabilitation operations in the areas hardest hit by super typhoon Yo l a n d a , p a r t i c u l a r l y Northern Cebu and Leyte. T h e c o mp a ny s a i d that as of December 19 last year, donations from its various business units namely UnionBank of the Philippines, AboitizPower,
Mindanao Daily NEWS
SN Aboitiz Power, Inc., and Aboitiz Foundation – including funds culled from cancelled Christmas parties, Aboitiz family members, employees, external donors and donations through U-Share, have reached P203 million. Through the foundation, the group has completed its relief distribution efforts to 106 barangays from Daanbantayan, Bantayan
Island, Medellin, Bogo, and San Remigio in Northern Cebu and the fourth district of Leyte- Ormoc, Kananga, Matag-Ob, and Albuera With the first phase successfully completed, and funds exceeding target, the Aboitiz Foundation is now gearing up for phase two, which will involve the rehabilitation of school buildings in Northern Cebu. aboitiz/PAGE 6
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