BusinessWeek Mindanao (October 20-21, 2014)

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BusinessWeek MINDANAO THE BUSINESSMEN’S NEWSPAPER

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 58

Market Indicators

As of 6:02 pm oct. 18, 2014 (saturday)

FOREX

PHISIX

US$1 = P44.91

7,003.22 points

cents

25.36 points

X

X

4

Briefly Hydro power source AGUSAN del Sur – One of the biggest rivers in the Caraga region is being eyed a potential source of hydro power that would help stabilize electric supply here by 2017. In a presentation before the Agusan del Sur Environment and Sustainable Development Council (ASESDC), project proponents Equi-Parco Construction Co. and Sibagat Global Hydro said that they had already commenced preparations to undertake the construction of a hydro-power plant that would be powered by the strong current of Awa River along Sibagat town. According to the two firms’ engineers, the planned hydropower plant has the potential to generate 20 megawatts of electricity. These two electric power companies have explored Awa River from Managong Falls in Barangay Padiay, Sibagat town, this province.

www.businessweekmindanao.com

P988-M TRANSMISSION PROJECT COMPLETED:

P15.00

New power line set to provide stable supply

G

By IRENE DAYO, Staff Writer

RID operator National Grid Corp. of the Philippines (NGCP) has completed the installation of the P988-million transmission project that would ensure supply reliability in Mindanao.

In a press statement, NGCP said the 230-kiloVolt (kV) line t hat t ravers es t he northern and southern parts of Mindanao has just been energized. The 213-circuit kilometerlong line from Villanueva, Misamis Oriental to Maramag, Bukidnon is part of the second stage of new 230kV Mindanao Transmission Backbone Project. NGCP statement said the P988-million KirahonMaramag 230-kV line is a high-voltage transmission

facility which provides a vital link between North Mindanao, where existing power plants are, and South Mindanao, where the load or demand in the region is foreseen to increase. It traverses two provinces and eight municipalities. The project aims to increase NGCP’s transmission capacity in Mindanao from 138kV to 230 kV, thereby providing additional corridor for the transmission of power supply from the Agus and supply/PAGE 7

Education summit MARAWI City -- Twenty mayors in different municipalities in the Autonomous Region in Muslim Mindanao (ARMM) are proposing the conduct of a summit to help improve the quality and professionalize education system in the region. The mayors made the proposal in a meeting last week with ARMM governor Mujiv Hataman and Education Regional Secretary Jamar Kulayan, which was facilitated by Synergeia, “a coalition of individuals, institutions, and organizations working to improve the quality of basic education.” The summit is expected to bring together officials in the region’s Department of Education (DepEd) and local government units and members of civil society groups to highlight innovations and best practices and address the role every stakeholder in the field of education.

Mon-Tue | October 20-21, 2014

DREAMWEAVERS. T’boli women weave T’nalak, which is made of abaca fibers, in Barangay Lamdadalag, Lake Sebu South Cotabato. The T’boli weavers said the patterns of the T’nalak cloth are formed in their dreams. mindanews photo by keith bacongco

NorMin SMEs learn export 101 By JASPER MARIE OBLINA-RUCAT, Contributor

THE Small and Medium Enterprises (SMEs) in northern Mindanao learn that before exporting, products should be ready and buyers abroad should be scrutinized.

Priest urges gov’t to rethink policy on mining, monocrop plantations in Bukidnon By WALTER I. BALANE, MindaNews

MALAYBALAY City – On the 23rd death anniversary of a Bukidnon priest killed for his environmental advocacy, a priest here urged the government to rethink its policy of allowing mining and monocrop plantations in the province, considering that it is considered as a watershed area. “Let’s rethink our land use management in Bukidnon. It seems that the framework

that Bukidnon is a watershed seems yet to sink in,” said Fr. Rey Raluto, dean of studies of St. Vianney Seminary, d u r i n g t o d a y ’s f o r u m attended by coordinators and representatives of ecological desks from around the diocese. “If w e re a l l y t h i n k B u k i d n on i s i n d e e d a watershed province, we should not just easily allow priest/PAGE 7

The Export Marketing B u re au ( E M B ) of t h e Department of Trade and Industry (DTI) during their two day Philippine Export Competitiveness Seminar in

the city revealed that a lot of complaints raised to them are result of either importer’s claiming of defective products from exporters or exporters complaining of non-payment of balance shipped to importers. sme/PAGE 7

Nissan launches All New Nissan X-Trail By CHENG ORDONEZ Associate Editor

CEBU City — After its successful national launch in t he 5t h Phi lippine International Motorshow ( P I M S ) , t h e A l l Ne w Nissan X-Trail is making its remarkable debut in the Visayas and Mindanao region. Style and muscle met in the form of the All New Nissan X-Trail, this testosteronedriven machine has been well received during its regional launch in the Queen City of the South ahead of its much anticipated release this month.

full story/PAGE B4

Cebu City Mayor Michael Rama (extreme left) and entourage, join Nissan executives, Mr. Antonio Zara (3rd from left), president and managing director of Nissan Philippines, Inc., and Mr. SJ Huh (3rd from right), general manager of NPI, during the launching of the all-new Nissan X-Trail on October 16, 2014, at the Northwing of SM Mall, Cebu City. photo by cheng ordoñez

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


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