BusinessWeek MINDANAO CREDIBLE
Volume VIII, No. 40
Market Indicators
As of 6:00 pm September 7, 2017 (thursday)
FOREX
PHISIX
US$1 = P51.023
8,022.98
X X Briefly
11.3
39.01
cents
points
Vis-Min power grid THE Energy Regulatory Commission (ERC) has granted provisional authority to the National Grid Corp. of the Philippines (NGCP) to implement the interconnection between the Visayas and Mindanao power grids for around P51.7 billion. ERC’s initial approval deepens the tug-of-war between the privately owned grid operator and state agency National Transmission Corp. (TransCo), which is also proposing to handle the project. “The provisional approval granted to NGCP to implement the VisayasMindanao Interconnection Project will enable power supply importations among the Luzon, Visayas, and Mindanao grids,” said ERC Commissioner Alfredo J. Non in a statement on Tuesday. The project covers the linking of the power grids via Cebu and Dipolog City as the landing points of the undersea cable. The converter stations in Visayas and Mindanao will be located in Sibonga, Cebu and Aurora, Zamboanga del Sur, respectively.
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PCCI promotes CDO as major investment site www.businessweekmindanao.com
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By MARK FRANCISCO, Staff Writer
HE Phi lippine C hamb er of Commerce and Industry (PCCI) yesterday announced it has been pushing Cagayan de Oro City as a primary investment hub to foreign investors.
Philippine Chamber of Commerce and Industries (PCCI) president George Barcelon speaks during the opening of the 26th Mindanao Business Conference yesterday at Xavier Sports and Country Club in Cagayan de Oro City. photo by mark francisco
During t he op ening plenary of the three-day 26th Mindanao Business Conference (MinBizCon) which started yesterday, Philippine Chamber of Commerce and Industry (PCCI) president George Barcelon said a team of highlevel entrepreneurs from Singapore is set to visit Mindanao next month to
scout for possible investment opportunities. Barcelon said that Cagayan de Oro City is the fastest growing urban center on the island and would be the first on PCCI’s list as investment sites to be submitted to the Singaporean delegation. “Cagayan de Oro is an example of excellence. It is the seventh most competitive city
in the country. I am a witness of Cagayan de Oro evolving over time with tremendous opportunities for further growth. Real estate developers such as the Ayalas, the Sys, have made their mark here,” Barcelon told the more than a thousand participants of the largest gathering of business stakeholders in Mindanao being held at the Xavier Sports and Country Club in this city. As one of the events of PCCI, all agreements and re c om m e n d at i on s t h at will wrap up in the 26th MinBizCon will be discussed in the bigger 43rd Philippine promotes/PAGE 11
Lower House asked to reconsider ERC budget By MYRNA M. VELASCO, Contributor
The chairman of the Senate committee on energ y has asked the House of Representatives to rethink and re-evaluate the “big picture knock-on effect” of its decision on radically cutting the 2018 budget of the Energy Regulator y Commission
Teen pregnancy rate in 4 Misor towns up THE teenage pregnancy rate in four Misamis Oriental municipalities has risen, according to Gov. Yevgeny Vincente Emano. Along this line, Emano said during the weekly Capitol flag raising ceremony that the provincial government in cooperation with the Population Commission (Popcom) will create teen centers in the affected towns of Lugait, Magsaysay, Lagonglong and Alubijid. The governor said the teen center will function as a space for the youth to express themselves. In an earlier interview, Emano announced that the provincial government would request the Sangguniang Panlalawigan (SP) to set aside budget of P100,000 for the construction of each teen center or a total of P400,000. (M. FRANCISCO)
P15.00
Friday | September 8, 2017
(ERC), noting that such could trigger industry paralysis of the restructured electricity sector. S e n at or S h e r w i n T. Gatchalian, who chairs the Senate energy committee, primarily cautioned budget/PAGE 11
NIGH CAFÉ. A group of teenagers in Balingasag, Misamis Oriental, enjoy the beauty of a sunset over Macajalar Bay. The municipal government has opened a night café event every Friday and Saturday evening serving food and entertainment to patrons. This regular activity has been drawing visitors from neighboring towns in the province. photo by gerry lee gorit
Normin’s livestock industry needs to be at pace with Asean standards By MARK FRANCISCO, Staff Writer
THE Board of Investments (BOI) is looking for ways to elevate the livestock industry of Northern Mindanao at par with Association of
Southeast Asian Nations (Asean) standards. In this era of Asean integration, BOI Investment Assistance Service director
Raul Angeles said that the prolific livestock industry of Region 10 is a potential export that must first be competitive with its Southeast Asian neighbors. livestock/PAGE 11
Cleaning fresh tuna catch at the GenSan fish port. mindanews file photo by bobby timonera
Tuna museum pushed By MINDANEWS
GENERAL Santos City – The Philippine Fisheries and Development Authority (PFDA) is pushing for the
development of a museum that will showcase the city’s thriving tuna industry. museum/PAGE 11
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