BusinessWeek Mindanao (November 24, 2014)

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BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 72

Market Indicators As of 6:12 pm nov. 21, 2014 (friday)

FOREX

PHISIX

US$1 = P44.98

7,276.18 points

72 cents

X X Briefly 7.23

points

Age limit for 4Ps THE Department of Social Welfare and Development (DSWD) Northern Mindanao has consulted school principals of secondary public schools of Northern Mindanao on the implementation of the extended age coverage of childrenbeneficiaries of Pantawid Pamiyang Pilipino Program (Pantawid Pamilya). The consultation aims to solicit recommendations from the principals for policy enhancements, especially on the compliance of beneficiaries who are undergoing alternative delivery mode of formation in secondary education and those who are under non-formal formation of the Alternative Learning System of the Department of Education (DepEd); aside from lobbying to them the possible inclusion of youth development session to its Values Education subject. The extended age coverage program of DSWD to former grantees of Pantawid Pamilya goes beyond the five-year limit to cover up to high school education; to extend the age coverage up to eighteen (18) years of age, taking into account the K-12 program of the Department of Education; to provide a higher grant amount of P500 per child in high school; and to maintain the limit of three child beneficiaries per household.

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DOE reasserts push for RE sources in M’danao

E

By MIKE BAÑOS, Editor-at-Large

NERGY Secretary Carlos Jericho L. Petilla has reiterated the Department of Energy commitment to push renewable energy in Mindanao but warns that new plants have to be balanced by ancillary services due to the volatile nature of RE.

“We should also push renewables but we have to be cognizant that RE is intermittent,” Petilla stressed in his keynote speech during the blessing and inauguration of the 20MW bunker-fired power plant of Peakpower Socsargen Inc. (PSI) in Bgy. Apopong, General Santos City last week. Petilla cited the case of Germany’s regulatory agencies which despite the presence of six contractors predicting the behavior of renewable energy to its power grid, have had to resort to importing

energy from neighboring countries in the few times the projections failed to match actual demand. “In Europe, they can import power from other countries to address shortages arising from this but we don’t have the same option due to the archipelagic nature of the Philippines,” he added. Ancillar y ser vices is defined as anything that supports the transmission of electricity from its generation site to the user, including load regulation, spinning doe/PAGE 7

Wheelchair ordinance THE Department of Education (DepEd) Region 10 under Atty. Shirley Chatto and represented by Dr. Noe Simene lauded and expressed full support to the proposed ordinance mandating the management of schools, malls and business establishments to provide free use of wheelchairs for their customers/ clients. The proposed ordinance was drafted by Cagayan de Oro Councilor Dante Pajo, chair of the City Council committee on health and sanitation, in response to the request of the Regional Committee on Disability Affairs through its Vice Chairman, Dr. Enrique Ampo. During the meeting of the committee on health, Dr. Simene welcomed the proposal even as he assured Councilor Pajo and Dr. Ampo that all schools in Region 10, which were constructed since 2012 and funded by the national government have already included ramps in their structures.

Monday | November 24, 2014

NEW POWER PLANT. Energy Sec. Jericho L. Petilla speaks with PSI Chair Dr. Walter W. Brown, Gensan Chamber Pres. Atty. Raul Josefino Miguel and PSI President Roel Z. Castro on the sideline during the blessing and inauguration of PSI’s 20MW bunkerfueled peaking plant in General Santos City. (Photo by Mike Baños, NPN)

Cash-strapped cement plant in extends suspension of operations By ROEL CATOTO MindaNews

MEDICAL MISSION. Residents of Brgy Amontay in Nasipit, Agusan del Norte availed of the medical and dental services initiated by the local government and power generator Therma Marine, Inc. For this year alone, six barangays in the municipality have benefited from free medical consultation, distribution of non-prescription medicines, hearing tests, dental and eye check-up with free reading glasses and other health-related examinations. (Photo Provided)

SURIGAO City – Cashstrapped Pacific Cement Company Inc. (PACEMCO) has decided to extend the suspension of its plant operations for three months to complete the ongoing negotiations for the infusion of funds needed to re-operate the plant. According to the company notice to all its employees dated November 15, 2014 a extends/PAGE 7

Workers of the financially-troubled Pacific Cement Company Inc. (PACEMCO) in Surigao City. File Photo

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