BusinessWeek MINDANAO Best in Business and Economic Reporting Philippine Press Institute Civic Journalism Community Press Awards 2013
Volume IV, No. 108
Market Indicators
As of 6:12 pm may 29, 2014 (Thursday)
FOREX
PHISIX
US$1 = P43.90
6,676.67 points
X
X
2 cents
111.21 points
Briefly Priority projects THE Regional Development Council in Region 10 has endorsed the following proposals during the meeting: J.R. Borja-Carmen-Patag Skyway Project; RDC-X Facility Improvement Project; POPCOM’s Guidelines to Reduce Unmet Need for Modern Family Planning; and the Creation of a Consultative Group on International Agricultural Research Program on Aquatic Agricultural Systems. The body also recommended the filling up of vacancies for prosecutors in Region X; strengthening the institutionalization of the ALKANSSSYA Program of the Social Security System (SSS); additional provisions in the implementation of the Essential Health Care program; economic analysis of Climate Change Adaptation strategies in selected coastal areas of the Philippines; and the participation of the RDC-X private sector representatives (PSRs) to the 5th RDC PSR National Convention on August 13-15, 2014 in Iloilo City.
Less plastic policy MAMBAJAO, Camiguin -- A local government unit here begins to enforce the plastic less policy following the review and amendment of its Solid Waste Management (SWM) ordinance, early this year. Mambajao municipal government now strictly prohibits use of plastics or cellophanes on dry goods while regulating its use on wet goods. An executive and deputation order was likewise released for the creation, organization and training of a task force dubbed as TF Kalikasan, to guard and ensure the enforcement of the ordinance in coordination with the local police.
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Friday | May 30, 2014
Power firm seeks ERC nod to reduce rates By MIKE BAÑOS, Editor-at-Large
T
H E c ou ntr y ’s fou r t h largest power distributor is seeking regulator y approval to reduce the generation costs of its three embedded renewable power plants in a bid to bring down electricity rates within its franchise area.
PURE FAITH. Young children spend the whole morning on Monday (26 May) for the Flores de Mayo activity at the Lady of the Miraculous Medal in Airport Village, Malaybalay City. mindanews photo by h . marcos c . mordeno
M’nao river basin master plan secures inter-regional support THREE regional development councils in Mindanao endorsed the i mpl e me nt at i on of t he Mindanao River Basin (MRB) master plan, paving the way for its operationalization and the eventual creation of an institution that will manage, rehabilitate, and develop the river basin and its resources. The Regional Development Councils of Regions X and XII as well
as the Regional Economic Development and Planning B o ard (REDPB) of t he Autonomous Region in Muslim Mindanao (ARMM) submitted separate resolutions endorsing the master plan and pushing for the creation of the MRB Management Council. Resolution No. 4, Series of 2014, Resolution No. 81, Series of 2013, and ARMM REDPB Resolution No. 06 were passed by the regional
The Cagayan Electric Power and Light Co. (Cepalco), which serves 69 barangays of Cagayan de Oro including the municipalities of Tagoloan, Villanueva and Jasaan in Misamis Oriental, filed four rate applications with the Energy Regulatory Commission (ERC) which would in effect reduce its average distribution charges, said Engr. Richard S. Ratunil, Cepalco’s energy compliance officer. The ERC wraps up today the 3-day hearings for the four cases being held at the Cepalco Corporate Office. The first application concerns Cepalco’s annual rate translation for 2015 which seeks ERC’s approval to adjust the distribution charges for each type of customer. power/PAGE 11
development councils of regions X, XII, and ARMM respectively. “ These developments will concretize efforts to come up with sustainable but environmentally-sound secures/PAGE 11 Cagayan de Oro’s booming real estate industry makes
Mindanao as the fastest developing region More stakeholders Northern in Mindanao. urged to look into planned hydroplant Normin’s economy grows
DAVAO City – Vice Mayor Paolo Z. Duterte said that more stakeholders should be invited to look into the proposal of energy developer San Lorenzo Builders and Developers Group, Inc. to build a 140-megawatt “runof-river” hydropower plant aiming to harness energy from the Davao and Tamugan rivers. hydroplant/PAGE 11
By PELETA B. ABEJO, Contributor
NORTHERN Mindanao continues to be one of the contributors of the Philippine economy in 2013. It is the largest producer of pineapple in the country, second largest producer of banana and corn and third largest producer of coconut and chicken.
This was revealed by National Economic and Development Authority (NEDA) Region X Director and Acting Chair of the Regional Development Council Leon M. Dacanay Jr. in his State of the Region Address during the 101st economy/PAGE 10
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