BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 130
Market Indicators As of 5:24 pm March 24, 2017 (friday)
FOREX
PHISIX
US$1 = P50.350
7,269.62
X
1.1 cents
31.41
X
points
Briefly Eco-savers program THE proposed Cagayan de Oro Eco-Savers Program (Solid Waste Management) is being studied by the City Council committee on health and sanitation and health insurance. The committee on Friday discussed the proposal with representatives of the City Local Environment and Natural Resources Office (CLENRO), City Legal Office, City Health Insurance Office, among others. The Eco-Savers program was patterned after the law adopted in Marikina City in 2004, which is a positive step towards waste reduction. The program aims to educate children and ultimately get them to practice the R’s of ecological waste management, which are Reduce, Reuse, Repair and Recycle.
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Mindanao spot market still faces more hurdles www.businessweekmindanao.com
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Monday | March 27, 2017
By MYRNA M. VELASCO, Contributor
HE proposed establishment of Wholesale Electricity Spot Market (WESM) in Mindanao is still tangled with somewhat “difficult to understand and resolve” concerns, according to the Philippine Electricity Market Corporation. But at the end of the day, according to PEMC President Melinda L. Ocampo, “it will be up to the DOE (Department of Energy) to decide” as to the fate of the planned integration of Mindanao spot market to the existing ones in Luzon and Visayas grids. She noted that they will submit corresponding report to the department as to the
outcome of stakeholder consultations on the propounded WESM in the southernmost power grid. Ocampo said “PEMC has been fully supportive of the government’s plan to launch WESM in Mindanao that will address the supply concern and clamor from the generation sector in setting up hurdles/PAGE 11 KAAMULAN FESTIVAL 2017. An elderly female lumad performs a traditional dance with her peer-contingents during Bukidnon’s annual Kaamulan Festival street-dance competition on Saturday (March 25) in Malaybalay City. PHOTO BY GERRY LEE GORIT
25-yr devt plan INSTEAD of coming up with only a short term plan, the City Council committee on planning and development is set to work on the 25-year plan of Cagayan de Oro City. During its recent meeting, the committee agreed to go beyond the standard and make long-term plans so that the city will have a direction to follow in the next years. Councilor Ian Mark Nacaya, chair of the committee, said the plan should be the basis for the city’s budget for different sectors. For example, he said, if the city decides that by 2020, the JR Borja General Hospital will already be a tertiary hospital, there should be corresponding budget leading to that goal in the next years until it is finally realized.
IN-DEPTH
River communities eyed as eco-tourism sites By ANTONIO L. COLINA IV, MindaNews
US LINK. Workers detach buoys from a submarine cable along the coast of Davao City on Friday, March 24, 2017, during the landing of the fiber optic cables of Globe Telecom that will directly link to the US next quarter. The submarine cable, the first direct link of Southeast Asia to the US, hopes to address the growing internet market in the country. Mindanews Photo
Oro government assures full support to Cocpo T H E C a g ay a n d e O ro city government already released P2,528,433.56 for the electrical connection, furniture and fixtures for
the new 1,000 square-meter Cagayan de Oro City Police Office (Cocpo) headquarter building built in 2013 on a support/PAGE 11
D AVA O C i t y – T h e Department of Tourism (DOT) 11 is planning to develop the river communities in the provinces here as ecotourism sites to support the livelihoods of the fisherfolks and the lumads.
In an interview during the DOT regional consultation workshop on “Ilog” Tourism Tuesday, D OT director Roberto Alabado III told reporters that they gathered different city and municipal tourism and environmental Headhunters from various firms in Cagayan de Oro City interview graduating students from Phinma-Cagayan de Oro College during their yearly job fair at their campus last Friday. PHOTO BY MARK FRANCISCO
officers to propose a list of potential rivers that can be enrolled into this new tourism project. “It is strategic to spread the benefits of tourism. Rivers are home of our tribes and fisherfolks, who would benefit from the eco-tourism sites/PAGE 11
City Council push ‘smoke-free’ Cagayan de Oro THE Cagayan de Oro city council’s health committee is drafting an ordinance that would make this trading hub in Northern Mindanao “smoke-free,” city councilor council/PAGE 11
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