BusinessWeek Mindanao (June 22-23, 2015)

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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume V, No. 187

X

Market Indicators

As of 5:56 pm june 19, 2015 (friday)

FOREX

PHISIX

US$1 = P44.11

7,601.17

X

6 cents

5.69 points

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Briefly BUB projects BUTUAN City -- The Department of the Interior and Local Government – Caraga Region (DILG 13) has released a total of P42,419,865 for the 19 Disaster Risk ReductionRelated projects, 12 Potable Water System projects and one other infrastructure project across 25 municipalities in Caraga Region lodged under the agency for the Bottom-Up Budgeting program. One of the mechanisms to pursue the Millennium Development Goals of reducing poverty from 26.5 percent in 2009 to 16.6 percent by 2015 is the Bottom-up Budgeting (BUB) program. Starting 2012, BUB has been a strategy of converging programs of the national government agencies, including the DILG, aimed at addressing the needs of the communities and the delivery of services by the local government units.

2014 ppi’S Best in ENVIRONMENTAL Reporting

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Mon-Tue | June 22-23, 2015

By MIKE BAÑOS, Editor-at-Large and NELSON V. CONSTANTINO, Editor-in-Chief

UBLICLY-listed A Brown Co. Inc. (ABCI) continues its foray into real estate business rolling out a total of P2.5-billion in capital expenditure for new projects in the next five years focusing on middle-range and socialized housing mostly in Mindanao.

During the company’s Annual Stockholders’ Meeting held Friday at its flagship Xavier Estates in Cagayan de Oro City on Friday, ABCI President Robertino E. Pizarro said A Brown is shifting focus to middle income housing and socialized housing projects to help address the Projects/PAGE 10

ABCI chair Mr. Walter Brown is optimistic about prospects in Mindanao’s real estate industry.

New coal-plant now supplying 150-MW to Mindanao grid

Poultry ban THE Department of Agriculture (DA) said in a statement on Friday that it has issued the temporary ban on the importation of domesticated and wild birds and their products including poultry meat, day-old chicks, eggs and semen from Nebraska, USA. Agriculture Secretary Proceso J. Alcala ordered a temporary ban under Memorandum Order No.3315, based on a report submitted by Dr. John Clifford, deputy administrator of the Animal and Plant Health Inspection Service of the US Department of Agriculture (USDA) to the Office of Internationale Des Epizooties (OIE) that there has been an outbreak of the Highly Pathogenic Avian Influenza (HPAI) virus in Dixon County, Dixon, Nebraska, USA.

P15.00

A Brown allots P2.5-B for Mindanao projects www.businessweekmindanao.com

By CARMELITO Q. FRANCISCO, Correspondent

ABCI President Robertino E. Pizzaro delivers his President’s Report during the holding company’s Annual Stockholders Meeting held 19 June 2015 at Xavier Estates, Cagayan de Oro City. photo by mike baños , npn

DAVAO City -- Aboitiz Power Corp. (AboitizPower) has confirmed that subsidiary Therma South, Inc. (TSI) is now synchronizing its first 150-megawatt (MW) coalfired power plant with the

Mindanao grid, a prelude to commercial operations that could start by the end of June or early July. The synchronization process allows the new power New/PAGE 10

Mindanao sees an uptrend in RE projects

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DAVAO City -- Applications for renewable energy (RE) projects in Mindanao posted a 25.64 percent increase which showed a growing interest for clean energy investments in uptrend/PAGE 10

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


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BusinessWeek Mindanao (June 22-23, 2015) by Mindanao Daily News - Issuu