BusinessWeek Mindanao (September 17, 2014)

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BusinessWeek MINDANAO 2 cents

Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

Volume V, No. 44

Market Indicators

As of 6:12 pm sep. 16, 2014 (Tuesday)

FOREX

PHISIX

US$1 = P44.23

7,180.34 points

5 cents

X

19.07 points

X

Briefly Oil industry

www.businessweekmindanao.com

Wednesday | September 17, 2014

DOE orders deferment of Agus 6 plant rehab T

DIPOLOG City -- In an effort to raise awareness on the oil industry, its benefits to the local economy as well as its legal implications, the Department of Energy (DOE) in collaboration with the Philippine Information Agency (PIA) is conducting a multi-sectoral advocacy campaign on the downstream oil industry for local government units (LGUs) of Zamboanga del Norte and local oil industry players at the Ariana Hotel here today, Sept. 16. The discussions center on the laws, rules and regulations governing sale of liquefied petroleum products (LPPs) and the liquefied petroleum gas (LPG) with municipal mayors, treasurers, licensing officers, business licensing issuing officers, and information officers as participants. Representatives from the Department of Trade and Industry (DTI) are also attending the activity.

By MYRNA VELASCO, Contributor

HE proposed fast-tracking rehabilitation of generating unit 4 of the Agus 6 hydropower plant will instead face delays because of the decision of the Power Sector Assets and Liabilities Management Corporation (PSALM) to award the contract to a company which is not the original equipment manufacturer (OEM) for the facility.

The contract-awardee which is the joint venture of Chinese firm Guangxi Hydroelectric Construction Bureau and ITP Construction Inc. re commende d t he temporary dismantling and measurement of equipment to be replaced at the facility, but since this will disrupt the plant’s operations, the process was reportedly stopped by Energy Secretary Carlos Jericho L. Petilla. The energy chief in turn recommended that “the rehab work be deferred until such

Humanitarian work ZAMBOANGA City -- “The world needs more humanitarian heroes,” emphasized Al Hashim of the United Nations Office for the Coordination of Humanitarian Affairs (UN-OCHA) during a forum participated in by college students at the Garden Orchid Hotel in commemoration of the World Humanitarian Day. “We want to raise awareness and spur interest among students in humanitarian work hoping that they will consider heeding the call,” Hashim told students of Ateneo de Zamboanga University, Universidad de Zamboanga and Western Mindanao State University. In a video clip presented to the audience, United Nations Secretary-General Ban Ki Moon said that World Humanitarian Day looks to “honor those who have fallen and those who continue to help those who need it anywhere.” While there are numerous people who have made humanitarian work a career, many are volunteers.

P15.00

time that new capacities will finally be on-line to ramp up supply in Mindanao grid.” The Guangxi-ITP joint venture cornered the Agus 6 rehabilitation project deal for P438 million based on a negotiated arrangement cemented with them by PSALM. Nevertheless, the National Power Corporation which remains as the operator of the Agus hydropower complex earlier raised that while the P438 million contract “is doe/PAGE 7

DECORATIVE ITEMS. Two children clean their work site at the quarantine station in Lorega, Kitaotao, Bukidnon where they sell decorative items made of a native material called ilun. mindanews photo by h. marcos c. mordeno

SMEs learn importance of intellectual property for ASEAN integration 2015 “INTELLECTUAL creations are keys to a successful and competitive business.” This was stressed during t he re c ent Intel l e c tu a l Property (IP) Information

Seminar spearheaded by the Department of Trade and Industry (DTI) and Intellectual Property Office (IPO) in Cagayan de Oro City.

DTI-Misamis Oriental provincial director Ma. Eliza A. Pabillore said that competitiveness is the new mantra in the modern world of business particularly with the implementation of the Association of South East Asian Nations (ASEAN) Economic Integration in 2015. The Philippine Micro Small and Medium Enterprise (MSMEs) need to recognize and value their intellectual capital and knowledge-based assets to be competitive. Further, in line with the event’s theme, “Gearing SMes/PAGE 7

GATHERING SHELLS. Pidong Sendunan, 63, gathers golden kohol and other shells in Barangay Bacdulong in the scenic Lake Sebu, South Cotabato. He sells the shells at P45 a kilo. mindanews photo gregorio bueno

NGCP orients Davao coop on line maintenance safety By MYRNA VELASCO, Contributor

SAFETY is a prime discipline that must be upheld in line maintenance, including those for transmission facilities, hence, system operator National Grid Corporation of the Philippines (NGCP)

has been prompted to orient one of its electric cooperativeload customers on that aspect. The transmission firm has relayed that its te ch ni c a l e xp e r t s have ngcp/PAGE 7

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


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