BusinessWeek MINDANAO Your daily business paper
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 120
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As of 6:21 pm Mar. 11, 2015 (wednesday)
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Briefly Programs and projects MORE than 150 representatives from regional line agencies, governmentowned and controlled corporations (GOCCs), state universities and colleges (SUCs), private sector organizations, and local government units (LGUs) in the region participated in a consultation organized by the Regional Development Council of Northern Mindanao (RDC-X), March 10. The simultaneous sectoral committee consultation was intended to review and determine whether the proposed programs and projects of government agencies and academic institutions for fiscal year (FY) 2016 are responsive to the needs of the region and the country as a whole, said Engr. Leon Dacanay Jr., regional director of the National Economic and Development Authority (NEDA) in the region in his opening remarks. He said the consultation will serve as a venue to properly evaluate and influence the ongoing and proposed programs and projects of all regional line agencies, GOCCs, and SUCs for 2016 so that more funds will be channeled to the programs that performed well especially in addressing the critical gaps identified in the regional development plan.
P15.00
Power firm targets to increase capacity www.businessweekmindanao.com
Thursday | March 12, 2015
Slowdown in power, banking forays pulls down Aboitiz Power’s profit in 2014
T
By GRACE BEBER, Staff Writer
HE Aboitiz Power Corp. (APC) is targeting to increase its capacity from 2,210-MW to 2,524-MW this year, from the commissioning of its 14-MW Sabangan hydro plant and the 260 MWDavao Coal plant for the first half of 2015.
In a statement, APC said the 40-MW contracting capacity from the Unified Leyte Plant was also included in the 2015 capacity target. APC also said it targets to increase its capacity by another 2,000-MWs in the
next five years, with an allocation of P52 billion f or t h i s y e ar’s c apit a l expenditures. It noted the 2,000-MW projects as the 420-MW Pagbilao, 340-MW Therma Visayas Inc, 470-MW Therma
South Plant, 68-MW Manolo Fortich in Bukidnon, 600MW Subic baseload plant, a 200-MW solar project with Sunedison and another 200MW potential from run-ofriver hydro projects. Meanwhile, slowdown in its power and banking businesses dragged down APC’s net income by 10 percent from P18.6 billion in 2013 to P16.7 billion in 2014. “APC reported a percent year-on-year decrease in its consolidated net income power/PAGE 11
YEAR OF THE POOR. School children in Sitio Maliwanag, Kibangay, Lantapan town in Bukidnon gather around the food items they receive on Monday from the Social Action Center of the Diocese of Malaybalay. The diocese is embarking on a relief program in line with the Church’s declaration of 2015 as the Year of the Poor. photo courtesy of jean m . mordeno / sac
House body to take up BBL on April 6-16
Bottom-up budgeting THE Department of the Interior and Local Government (DILG) Region 10 conducted on March 11 a one-day Consultation on BottomUp-Budgeting (BUB) 2015 project implementation. A total of 873 projects under the BUB program will be implemented in Region 10 this year. Based on the 2015 status reported by the Regional Poverty Reduction Action Team (RPRAT) 10 in a meeting held on February 24, the main bottleneck encountered by the agencies is the delay in the compliance by the local government units (LGUs) of the documentary requirements necessary for the implementation of its proposed projects.
District 3870 Discon May 7-9, 2015 @ Pryce Plaza Hotel
By CAROLYN O. ARGUILLAS, MindaNews
DAVAO City – The House of R epres ent at ives’ Ad Hoc C ommittee on the B angsamoro B asic L aw (AHCBBL) will meet on April
6 to 16 to finish deliberations on the BBL, so that plenary debates can begin when Congress resumes sessions on bbl/PAGE 11
Farmers benefit from high price of palay: NFA COLOR OF SUMMER. When these trees at Bukidnon National High School in Malaybalay City called golden shower turn, well, golden, the students know it’s already summer and classes are about to end. mindanews photo by h . marcos c . mordeno
LOCAL farmers are benefitting from the current high farmgate price of palay as the summer harvest begins to peak, the National Food Authority (NFA) said Tuesday.
NFA Administrator Renan B. Dalisay said that data from the Bureau of Agricultural Statistics (BAS) showed that the farmgate price of palay Benefit/PAGE 11
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