BusinessWeek MINDANAO
GOD IS GOOD
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 116
Market Indicators As of 6:10 pm march 22, 2016 (tuesday)
FOREX
PHISIX
US$1 = P46.25
7,342.03
X Briefly
unchanged
X
unchanged
Irrigation
NEWLY-inaugurated irrigation projects in Mindanao totaling P63.8 million are now in full operations and will boost income of members of farmer’s associations, said the National Irrigation Administration (NIA). The projects consist of the Kabulnan River Irrigation SystemMamasapano Extension Project (KRIS-MEP) in Mamasapano and Sinawal River Irrigation Project (SRIP) in General Santos City and were both inaugurated on Monday, according to a statement released by the NIA. After eight months of construction, the KRIS-MEP worth P50 million located at Brgy. Tukanalipao, Mamasapano will now serve the 99 farmer-members of the KRIS-Tukanalipao Irrigator’s Association, Inc. and the system’s 130-hectare coverage.
Energy efficiency THE Department of Energy (DOE) steps up initiatives towards energy efficiency and conservation through finalizing the Philippine Energy Standards and Labeling Program (PESLP), which will be a key contribution to the attainment of the country’s aspirational target to reduce energy intensity by 45% by 2035. “We’re almost done in updating the Philippine Energy Standards and Labeling Program, which would cover a wider range of appliances and lighting systems, and to include even light duty motor vehicles,” said OIC-Assistant Secretary Patrick T. Aquino. He added that comments and suggestions raised during the public consultations held in Luzon, Visayas and Mindanao last February were given substantial weight in the finalization of the PESLP to make the policy more responsive to the needs of all stakeholders. The PESLP initially covers room air-conditioners, split-type aircons, refrigerators with 5-8 cubic feet storage capacity, and three types of fluorescent lamp (CFL, linear and circular) and electronic ballasts.
2014 ppi’S Best in ENVIRONMENTAL Reporting
PHILIPPIANS 4:13 I CAN DO ALL THIS THROUGH HIM WHO GIVES ME STRENGTH
Sasa modernization hits another snag www.businessweekmindanao.com
Mon-Tue | March 28-29, 2016
P15.00
By CARMELITO Q. FRANCISCO, Correspondent
T
HE much-anticipated bidding for the P18.99-billion modernization of Davao Sasa Port under the public-private partnership (PPP) scheme hits a snag anew due to delays in securing approvals from government agencies. “In view of the clearances and approvals that will have to be secured for the Project, the Bid Submission Date is hereby moved from 28 March 2016 to a maximum of 30
PLAYING ANGEL. Children practice their role as angels on Saturday for Easter Sunday’s “Salubong,” a reenactment of the Risen Christ’s meeting with His mother. mindanews photo by froilan gallardo
New 12.5MW of solar power operates in Misamis Oriental KIRAHON Solar Energy Corp. (Kirahon Solar) has completed its 12.5-megawatt (MW) solar farm in Villanueva, Misamis Oriental.
The Kirahon Solar Farm can supply clean power for up to 23,500 local households each year. As a renewable solar/PAGE 10
THE National Police has assured Mindanao businessmen that it will stop the harassments done by rebels against plantations, mining industries and other big businesses in stopping harassment by insurgents in Mindanao.
In a closed-door meeting between the forces’ Directorate for Integrated Police Operations (Dipo) in Western and Eastern Mindanao and the private s e c u r it y f orc e s of t h e harassment/PAGE 10
days from the date when all final clearances and approvals have been obtained from the concerned government agencies,” Undersecretary sasa/PAGE 11
DAR builds processing plant for coffee farmers SULTAN KUDARAT -- The Department of Agrarian Reform (DAR) recently spearheaded the construction of a coffee processing facility to raise the farmers’ level of competency from being mere raw farm producers into food processors themselves.
Mu n i c ip a l Ag r ar i an Reform Program Officer Adriano Losaria and Sen. Ninoy Aquino Mayor Dante Manganaan led the groundbreaking rites of the P1.1 million coffee processing facility in Barangay Kuden, dar/PAGE 11
Cops set to stop harassment of businesses in Mindanao
CRUCIFIXION. The reenactment of Jesus Christ’s crucifixion at Calvary in yesterday’s Hinuklog 2016 in Medina town, Misamis Oriental. photo by gerry lee gorit
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