BusinessWeek MINDANAO “We Grow Minds”
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 165
Market Indicators
As of 5:45 pm may 13, 2015 (wednesday)
FOREX US$1 = P44.72
7
PHISIX 7,805.33
X X Briefly 10.78
cents
points
Region IX job rate
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Alsons qualifies power plant’s shutdown sked
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ZAMBOANGA City – The Labor Force Survey showed the employment rate of Region IX for the first quarter of 2015 has increased by 1.7 percent to 97.5 percent from 95.8 percent rating for the same quarter in 2014. The Labor Force Survey is being conducted every quarter of the year by the Philippine Statistics Authority (PSA). Gay Iris Tangcalagan, Department of Labor and Employment-IX (DOLEIX) information officer, said Wednesday the employment rate increase was brought by the continued conduct of jobs fair and distribution of starter kits in the region. Tangcalagan said they have already conducted 17 jobs fair in the first quarter of this year in the entire region.
Butuan scores big BUTUAN City -- The National Competitiveness Council (NCC) – Philippines reported that the city ranked 13th out of 136 participating cities on the Economic Dynamism Index of the Cities and Municipalities Competitiveness Index (CMCI) 2014. The report further revealed that it is the only city in Caraga to be included in the top 15 cities of one of the three indices of CMCI with 11.675 score out of 100 points. According to its official website, the council had set CMCI with the following indices to consider: Economic Dynamism, which based the scores on the gathered and validated data on the size and capital, revenues, and occupancy permits, capacity to generate employment, cost of doing business, financial deepening, productivity, and presence of business and professional organizations; Government Efficiency, which based the scores on the gathered and validated data on transparency, economic governance, local taxes and revenues, local competitionrelated awards, business registration efficiency, investment promotion, compliance to national directives, security, health, education; while Infrastructure scores were based on existing road network, distance from city/municipality center to major ports, Department of Tourismaccredited accommodations, health infrastructure, education infrastructure, basic utilities, infrastructure investments, information and communications technology (ICT) connection, ATMs, and public transportation.
P15.00
Thursday | May 14, 2015
By MYRNA VELASCO, Contributor
SUBSIDIARY of the Alsons Power Group has qualified that the shutdown schedule set for its 100-megawatt diesel plant in Iligan City cannot be blamed for any feared brownouts in some parts of the Mindanao grid because service restoration was also done immediately for most of its generating units.
In a press statement, the facility’s operating vehicle Mapalad Power Corporation (MPC) has noted that “the programmed shutdown of the plant’s generators was for corrective maintenance last May 4.” The company has set on record though that on the same day, “all but one of the engines were restored,” hence, it is impossible that it could
trigger rotating brownouts beyond that period. “At this time, we have only one engine unit undergoing scheduled maintenance overhaul,” the Alsons Power Group has reiterated. It added that “impending rot at i n g brow n out s i n Bayugan City and the rest of Agusan del Sur cannot be attributed to any shutdown power/PAGE 11
COMMITTEE MEMBERS. Members of the House ad hoc committee on the Bangsamoro Basic Law fill the Nograles Hall during the early part of the hearing on the BBL at the House of Representatives. The voting of the committee was rescheduled on May 20. mindanews photo by erwin mascarinas
12 Mindanao tourism projects endorsed for funding by TIEZA By CARMELITO Q. FRANCISCO, Correspondent
HARD LABOR. A boy pushes a makeshift cart to fetch water in Barangay Magtuod, Davao City. mindanews photo by keith bacongco
MINDANAO leaders have endorsed 12 tourism projects with a combined budget of P193.7 million to the Tourism Infrastructure and Enterprise Zone Authority (Tieza) for funding. S e c re t ar y Luw a l hat i R. Antonino, chair of the Mindanao Development Aut h or it y ( Mi n DA ) , presented the projects during
the agency’s board meeting yesterday, noting that TIEZA has a P623.04-million budget allocation for projects in Mindanao this year. “We hope that these projects get developed and funded because these are needed to ensure that the economic development of Mindanao,” Ms. Antonino said.
Two of the projects are in the Zamboanga Peninsula Region, three in Northern Mindanao, two in the Davao Region, three in Central Mindanao, and two in the Caraga Region. For the Autonomous Region in Muslim Mindanao (ARMM), the 13 projects e n d or s e d by t h e l o c a l government last year are among the 40 still being projects/PAGE 11
Rising HIV cases Rethink of Sasa project urged for Asean integration in Cag. de Oro alarms officials DAVAO City -- More business and Council’s chair, Vicente T. Lao, said By CARMELITO Q. FRANCISCO, Correspondent
CASES of Human Immunodeficiency Virus (HIV) in Cagayan de Oro City have reached an alarming benchmark of 325 cases as of March 2015, health officials said Tuesday. The City is now number six among the top six cities in the country with the prevalence of the HIV cases with Quezon City at the top, followed by Manila, Caloocan, Cebu, and Davao, the Department of Health (DOH) reported. B oth health officials and non-government organizations (NGOs) here have joined forces in a visceral campaign to encourage anyone - with or without hiv/PAGE 11
government leaders in Mindanao have questioned the P17-billion Sasa Port Modernization Project, the first seaport contract to be bid out under the public-private partnership (PPP) scheme, the government’s flagship infrastructure program. The Mindanao Business
the government appears to have disregarded the emergence of modern ports developed by private investors in recent years, in part due to the neglect of Sasa. Mr. Lao pointed out that while the Sasa wharf was in the past among the sasa/PAGE 11
Sasa Port in Davao City.
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