BusinessWeek Mindanao (October 12, 2015)

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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 047

Market Indicators As of 5:36 pm October 9, 2015 (friday)

FOREX US$1 = P45.87

24

PHISIX 7,138.91

X X Briefly

cents

32.12 points

Economic corridors ECONOMIC and logistics corridors in Mindanao have been identified by the development arm of the Moro Islamic Liberation Front (MILF) and the Japan International Cooperation Agency (JICA), highlighting the channels which can be industrialized further to bring development in the conflict-affected areas in the region. In a statement released by JICA on Friday, the development agency, together with the Bangsamoro Development Authority (BDA), identified these channels as the: Northern corridor: Cotabato City-Marawi City-Iligan (Lanao del Norte); Central corridor: Cotabato City-Midsayap-Pikit-Digos (Davao del Sur); and Southern corridor: Cotabato City-Shariff Aguak-General Santos (South Cotabato).

2014 ppi’S Best in ENVIRONMENTAL Reporting

Gov’t likely to bid out Steag after summer www.businessweekmindanao.com

Monday | October 12, 2015

By JUZEL L. DANGANAN, Philippine News Agency

T

HE Department of Energy (DOE) will likely bid out the 210-megawatt (MW) capacity Mindanao coal power plant after the summer season.

“ Ye s , m a y b e , s i n c e t h e r e’s s t i l l p r o b l e m s during the summer,” DOE undersecretar y Zenaida Monsada told reporters when asked whether DOE will bid out the capacity after the summer. T h e Mi n d an a o c o a l fired power plant is owned and operated by STEAG State Power Inc. (SPI), but the National Power

Corp. (NAPOCOR) owned t he cap acity. Wit h t he privatization mandate of the Electric Power Industry Reform Act (EPIRA) for the Power Sector Assets and Liabilities Management Corp (PSALM), it was tasked to sell off the former assets of the NAPOCOR. The DOE earlier said it has to delay the auction -- to steag/PAGE 11 DISPLACED. A mother prepares sweet potatoes at the town gym in Marihatag, Surigao del Sur. She and her sons are among the 1,000 individuals that fled Barangay Mahaba, Marihatag on Oct. 1 due to an ongoing military operation in their place. mindanews photo by h . marcos c . mordeno

Micro-enterprise SURIGAO City -- The provincial office of the Department of Trade and Industry (DTI) here has released recently a total of P2 million to the municipality of Dapa under the Bottoms Up Budgeting (BUB) Project. Among the beneficiaries of the said project are the seven sub-projects under the Rural Micro-Enterprise Development (RUMEPP) Program previously assisted by DTI in selected barangays of the said municipality. These projects are managed by the different organizations like women, youth, farmers, and even senior citizens. These micro-enterprise and alternative livelihood projects are expected to significantly increase family income and eventually reduce poverty incidence in rural communities.

P15.00

Zamboanga’s sardines industry hopeful on Asean integration BULLISH. Competition may be tough, but the country’s sardines industry is bullish on the prospect of growth with the upcoming Asean economic integration. file photo

ZAMBOANGA Peninsula’s sardines industry is urged to expand its market to other Southeast Asian countries

t h rou g h t h e e c on om i c community of the Association of Southeast Asian Nations (ASEAN) taking place by the

end of the year. Department of Trade and Industry (DTI) Assistant sardines/PAGE 11

EU-funded program aims to reduce maternal deaths By ANTONIO L. COLINA IV MindaNews

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D AVA O C i t y - - T h e Autonomous Region in Muslim Mindanao is a recipient of a five-year program/PAGE 11

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


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