BusinessWeek MINDANAO “We Grow Minds”
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 176
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Market Indicators
As of 6:20 pm may 27, 2015 (wednesday)
FOREX
PHISIX
US$1 = P44.69
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103.32 points
Rice prices down PRICES of commercial rice were monitored to be decreasing even in drought-hit areas contrary to reports that rice prices have gone up. National Food Authority Administrator Renan Dalisay, during actual inspection of public markets in General Santos City today, observed that rice prices in the area ranged between P32 per kilogram and P44 per kilogram depending on variety. Rice were from Surala, South Cotabato which is among areas in the country where the El Niño phenomenon is prevalent. Dalisay said that contrary to reports, commercial rice prices have also gone down in other areas as well. Data obtained from the Philippine Statistics Authority (PSA) showed that as of May 23, retail prices of regular commercial rice (RMR) averaged at P37.28 per kilogram, while well-milled variety (WMR), was recorded at P41.29 per kilogram. NFA rice, meanwhile, remains at P27 and P32 per kilogram for RMR and WMR, respectively.
S&T Roadshow BUTUAN City – Heads/regional directors of government agencies, representatives from public and private sector, students and media actively participated during the kickoff program of the roadshow dubbed as “Science Nation: Agham na Ramdam” by the Department of Science and Technology (DOST) Caraga held on Wednesday at Samping Avenue, this city. At around 6:35 a.m. on the same day, DOST Secretary Mario Montejo, the event’s guest speaker, together with undersecretary for regional operations Carol Yorope, Climate Change and Disaster Risk Reduction assistant secretary Raymond Liboro, and representatives from Food and Nutrition Research Institute (FNRI) and Ateneo de Manila University arrived at the Bancasi National Airport. The group was welcomed and received by DOST-Caraga regional director Dominga Mallonga. During the program proper, Surigao del Norte Governor and Regional Development Council (RDC) chairperson Sol Matugas delivered her welcome remarks to all the participating agencies and partners.
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Power firm activates ILP as supply down www.businessweekmindanao.com
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Thursday | May 28, 2015
By CARMELITO Q. FRANCISCO, Correspondent and MARK D. FRANCISCO, Staff Writer
AVAO City’s electricity distributor has activated its interruptible load program (ILP) to ease supply pressure on the Mindanao grid, while announcing an increase in rotational brownouts to 1.5 hours per day.
In a notice issued on Tuesday, Rossano C. Luga, Davao Light and Power Corp. (DLPC) communications officer, said the National Grid Corporation of the Philippines (NGCP) has further reduced its allocation to 194 megawatts (MW) from 241 MW last week. DLPC has a regular allocation of 279 MW, the highest in Mindanao. The reduction, DLPC said, is due to the “very low water elevation due to no rain” in the Agus and Pulangi hydroelectric complexes, the main power source for the southern island.
“This is to avoid total c o l l ap s e of t h e e nt i re Mindanao transmission grid which happens when the demand for power exceeds the available supply,” Mr. Luga explained. As of Tuesday’s NGCP monitoring as reported on its Web site, the Mindanao grid’s system capacity was 1,308 MW, lower than the peak demand of 1,372 MW. U n d e r t h e I L P, participating commercial and industrial establishments with a load demand of at least 1 MW operate their own generators with power/PAGE 11
NorthMin leaders add to calls for hastening BBL passage By RYAN D. ROSAURO, MindaNews
OVERTIME JOB. Workers extend their work hours to fast track the completion of a flood control project that cause heavy traffic for motorists at the junction of Montilla boulevard and JC Aquino avenue in central Butuan yesterday. photo by jun ayensa
LEADERS of Nor t her n Mindanao have collectively expressed “all-out support” for the Bangsamoro Basic Law (BBL), asking Congress “to pass the measure the soonest time.” In a joint resolution passed by the Regional Peace and Order Council (RPOC) and the Regional Development
Development groups put up operations in Mamasapano area
More stringent reporting required for power facilities
By CARMELITO Q. FRANCISCO, Correspondent
A MICROFINANCING firm has spearheaded a group of s o c i a l d e ve l opm e nt institutions in their bid to expand to five towns in the Autonomous Region in Muslim Mindanao and North Cotabato province, including the now well-known municipality of Mamasapano in Maguindanao. The Center for Agriculture and Rural Development (CARD), Inc., in a statement
s e nt t o B u s i n e s s We e k Mindanao, said the group is “expanding in the area since people have limited access or have lack of access to financial and non-financial services.” Dr. Jaime Aristotle B. Alip, CARD founder and managing director who visited the areas earlier this month, said: “With the planned expansion, we hope to provide them with mamasapano/PAGE 11
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Council (RDC), the region’s leaders cited that even this early, Northern Mindanao already enjoyed some “gains of the peace process.” The RPOC and RDC held a joint here Thursday last week. Chief executives of provinces and cities are among the members of bbl/PAGE 11
By MYRNA VELASCO Contributor
NIPA OVERLOAD. A passenger finds comfort riding over a heap of nipa shingles at a highway in Los Angeles, northeast of Butuan City yesterday. photo by jun ayensa
IN a Department Circular that was issued by outgoing Energy Secretary Carlos Jericho L. Petilla prior to his April 30, 2015 irrevocable resignation, the Department of Energy (DOE) has set more comprehensive reporting requirements for power plants and distribution utilities. Under DC2015-04-0002, the department has directed “all generation companies, distribution utilities and independent power producer administrators (IPPAs) to submit to the DOE reportorial requirements and other pertinent data as may be required for the formulation of the power supply and demand forecasts of the Power Development Plan.” T h e P DP i s a s u b component of the Philippine Energy Plan (PEP) which the reporting/PAGE 11
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