BusinessWeek Mindanao (May 11, 2015)

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BusinessWeek MINDANAO “We Grow Minds”

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 162

Market Indicators

As of 6:30 pm may 9, 2015 (saturday)

FOREX US$1 = P44.61

10 cents

PHISIX

X

7,763.21

X Briefly 53.06 points

Extended repairs

www.businessweekmindanao.com

Congress starts voting on fate of BBL today C

FOR added convenience of Cagayan de Oro Water District (COWD) customers in Casinglot, Bugo, Puerto and Agusan in Cagayan de Oro City, a new collection center, in addition to the COWD Sub-office located in Tin-ao, Agusan, is now made available. This followed after the signing of the Memorandum of Agreement between COWD, represented by General Manager Rachel M. Beja and LBP-Puerto Branch Manager Jesus R. Leyva, bringing the total number of COWD accredited collecting banks to 14. Starting May 4, 2015, the Land Bank of the PhilippinesPuerto Branch accepts water bill payments Mondays thru Fridays, from 10:30 a.m. to 2:30 p.m. with no noon break.

By BWM News Bureau

IVIL society groups are launching a series of nationwide mass actions today, May 11, to drum up support as the House of Representative’s 75-member Ad Hoc Committee on the Bangsamoro Basic Law (BBL) starts voting on the proposed legislation seen as key to peace and development in Mindanao.

STEAG State Power Inc. (SPI’s) extended its maintenance works on its first 105-megawatt (MW) unit until May 12, which was initially targeted for completion last Saturday, May 9. ”Unit 1 is still offline, but the new target date for restoration is on or before May 12,” SPI Spokesperson Jerome Soldevilla said. The shutdown was enforced due to adjustments for its boiler feed pump and maintenance of other boiler components. He added SPI targeted to synchronize or supply power to the Mindanao grid on or before 12 a.m. on May 13.

COWD sub-office

P15.00

Monday | May 11, 2015

The “Citizens Action for the BBL” (CAB) is basically sympathy advocacy actions

in selected areas across the country intended to bbl/PAGE 11

SUMMER PLUNGE. Children jump into the water to beat the summer heat in Libertad River in Barangay LIbertad, Butuan City. mindanews photo by erwin mascarinas

Mapalad shuts down 8 gensets PROSPERIDAD, Agusan del Sur -- The Mapalad Power Corporation (MPC), a dieselfired power plant located in Iligan City announced on Monday that eight of its

generator units are shut down due to different defects. MPC has a full generation capacity of 100MW. Each generator unit produces 5MW. Hence, a total of 40MW

is lost in the Mindanao grid due to this shutdown. This incident equates to an additional loss of 5-6MW of Agusan del Sur Electric gensets/PAGE 11

BRISK SALES. Gigi Cortez (center) from Zamboanga City attends to her shop at the Davao del Norte Sports and Tourism Complex in Tagum City during the Palarong Pambansa 2015. mindanews photo by keith bacongco

Power business lifts Aboitiz Q1 earning

Get your BWM Loyalty Card NOW at any of our participating establishments for ONLY P350.00, and avail DISCOUNTS.

LISTED conglomerate Aboitiz Equity Ventures posted a seven-percent increase in profit in the first quarter of 2015 on the back mainly of its power business. Its net income reached PHP4.1 billion in January to March from PHP3.83 billion aboitiz/PAGE 11

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


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