BusinessWeek Mindanao (September 14-15, 2015)

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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 034

Market Indicators

As of 6:20 pm september 11, 2015 (friday)

FOREX

X

US$1 = P46.89

4 cents

PHISIX 6,911.38

17.84 points

X

Briefly GMA relay station GMA NETWORK, Inc. has activated a new five-kilowatt television relay station in Butuan City, bringing the total number of its transmitting stations nationwide to 52. The ultra high frequency TV station allows the listed network to re-broadcast its programs from GMA Cagayan de Oro Station and can be freely received by viewers on Channel 26 using indoor or outdoor TV antennas, the company said in a statement on Friday. GMA said its transmission team conducted an initial signal survey after the relay station was commissioned on Sept. 4.

No railway DAVAO City -- Former Davao City Mayor Sara DuterteCarpio clarified that there was no clear discussion yet with regards to the plan to rationalize the transport system in the city by coming up a railway system for passenger trains that will cater to the residents from Toril to Lasang and Vice Versa. She issued the statement during the Kapehan sa NCCC Mall Davao. “There was no discussion about the railway system even before and during my term as chair of the Regional Development Council 11,” Duterte-Carpio said. The railways system is looked forward by development planners in preparation to avoid traffic congestion as the city progresses in the future.

2014 ppi’S Best in ENVIRONMENTAL Reporting

Steag’s privatization given reprieve anew www.businessweekmindanao.com

Mon-Tue | September 14-15, 2015

P15.00

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By MYRNA VELASCO, Contributor

PON the directive of the Department of Energy (DOE), the auction for the appointment of an independent power producer administrator (IPPA) for the supply contract of the 210-megawatt Mindanao coalfired power plant has been moved to November this year.

The Mindanao coal plant is operated by Steag State Power Inc. by virtue of its build-operate-transfer (BOT) deal with state-run National Power Corporation.

The announcement was made by PSALM in a press statement, emphasizing that it already informed its prospective bidders of the steag/PAGE 11

NEW POWER. This 300-megawatt coal-fired power plant in Barangay Binugao, Toril District, Davao City and Barangay Inayawan, Sta. Cruz in Davao del Sur is scheduled to start full commercial operations this week. mindanews file photo

Therma South coal plant to start commercial operations this week By JUZEL L. DANGANAN, Philippine News Agency

MINDANAO-based Therma South Inc., is scheduled to

start commercial operations this week with its first

150-megawatt (MW) unit, said Aboitiz Power Corp. president and chief operating therma/PAGE 11

CABBAGE GIRL. A girl looks bored as she keeps watch of cabbage for sale at the public market in Malaybalay City on Saturday (12 September 2015). mindanews photo by h . marcos c . mordeno

Ozamiz airport given P675-M budget for 2015

By RUTHIE AGUHOB, Contributor

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.

OZ AMIZ Cit y – S ome P675 million have been programmed by the Department of Transportation airport/PAGE 11

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


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