BusinessWeek Mindanao (November 24-25, 2015)

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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 067

Market Indicators

As of 6:34 pm November 24, 2015 (tuesday)

FOREX

PHISIX

US$1 = P47.10

6,992.60

11

X X Briefly

cents

3.59

points

Ports upgrade MARAWI CITY -- To ensure safety and convenience of its clientele, the Regional Ports and Management Authority of the Autonomous Region in Muslim Mindanao (RPMA-ARMM) continuously upgrades the facilities and services of ports in the region. Ersan Warad, the regional ports authority’s general manager, said the agency recently signed a memorandum with ports officials and ARMM’s Tourism department to establish Port Tourism Information Assistance Center to strengthen the tourism industry in the region. “Our client is our people and we want to compensate the fees our clients pay by providing them quality basic services and standardized ports. This is in adherence to the Reform Agenda of the ARMM Regional Governor, Hon. Mujiv S. Hataman,” Warad said.

2014 ppi’S Best in ENVIRONMENTAL Reporting

T

Tue-Wed | November 24-25, 2015

By MIKE BAÑOS, Editor-at-Large

HE power utility serving Cagayan de Oro and the Misamis Oriental towns of Tagoloan, Villanueva and Jasaan has appealed for the patience of its consumers following the resumption of rotating brownouts late last month.

Sources from the Cagayan Electric Power and Light Company (CEPALCO) said the utility is contracting short term power supply agreements with various

g e n e r at i o n c o m p a n i e s (gencos) which are now in the final stages of approval with the Energy Regulatory Commission (ERC). “We have 10MW diesel

power from Minergy available and ready to operate since August, but we still don’t have the provisional approval from the ERC to operate. We hope ERC can give us the green light by this week,” the source who preferred to remain anonymous said. “Hopefully, with the additional supply, we will no longer have to resort to manual load shedding even with the El Niño.” Sources from the ERC said the application for brownouts/PAGE 11

POWER OUTAGE. A candle lights up a sari-sari store in Barangay Punta Bilar, Surigao City Sunday night (22 Nov 2015) as the city and 18 towns of Surigao del Norte suffered prolonged power outage lasting as much as 17 hours on Sunday and Monday. mindanews photo by roel n . catoto

Taiwanese e-motor firm taps local motor distributor to manufacture e-vehicles

Halal guidelines BUTUAN City -- In response to the needs of local food processors/ producers and food establishments on Halal awareness as well as its guidelines based on international standards, the Department of Science and Technology (DOST) Caraga is continually conducting various related activities which will enable processors to appreciate and at all times consider Halal guidelines in its operations. Through the efforts of the Provincial Science and Technology Center - Agusan del Norte, an Orientation on the General Guidelines on Halal Food Using the Standards and Metrology Institute for Islamic Countries (SMIIC) is scheduled on November 23. This will be held at the function hall of DOST Caraga, CSU Campus, Ampayon, Butuan City. The event aims to provide an avenue for the local food processors to be able to understand and adapt the internationally accepted standards in the preparation of halal foods.

P15.00

Delays in ERC approvals extend Oro brownouts www.businessweekmindanao.com

By BONG D. FABE, Contributing Editor

DOE EPIMB officials expect no more brownouts in Mindanao by the 2nd quarter of 2016 even with the El Niño. photo by mike baños, npn

TAIWANESE electric motor maker TECO has partnered w i t h l o c a l m o t orc y c l e distributor Ropali to launch a new electric vehicle under the brand Roteco, the president of the Electric Vehicle Association of the Philippines

(EVAP) said yesterday. EVAP President Rommel Juan disclosed that Roteco, the new joint venture into the growing electric vehicle industry in the Philippines, has recently introduced its e-motor/PAGE 10

P8-B ‘allied projects’ okayed By CHENG ORDONEZ Executive Editor

Get your BWM Loyalty Card NOW for only P350.00 valid for one year, and avail of discounts to more than 150 participating business establishments.

THE Executive Committee of the Northern Mindanao R e g i on a l D e ve l opm e nt C ounci l (RD C-10) has endorsed the complementary Strategic Investment Program projects/PAGE 8

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


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