BusinessWeek Mindanao (December 9, 2015)

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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 073

Market Indicators

As of 6:21 pm December 8, 2015 (tuesday)

FOREX

PHISIX

US$1 = P47.167

6,838.42

X

5.5 cents

X

73.44 points

2014 ppi’S Best in ENVIRONMENTAL Reporting

Wednesday | December 9, 2015

B

Extended outages

Greening program MARAWI City -- The Department of Environment and Natural Resources of the Autonomous Region in Muslim Mindanao (DENRARMM) further intensifies its greening program to reduce the effects of climate change in the region. Kahal Kedtag , Regional Environment and Natural Resources Secretary, said DENR-ARMM, will plant one million trees starting in Maguindanao. “Ang ginagawa natin dito ay ang pagsulong at pagtulong sa climate change mitigation (Our objective is to help in climate change mitigation),” Kedtag said. The reforestation is in line with the National Greening Program.

By FROILAN GALLARDO, MindaNews

ROWNOUTS have continued to bug Cagayan de Oro City even as Aboitiz Power Corp. has resumed operations of its coal-fired plant on Monday to help stabilize power supply in Mindanao reeling from the effects of the El Nino phenomenon.

Briefly DAVAO City -- The Davao Light and Power Company mulls of imposing an hourpower interruption as the power supply in Mindanao remains to be tight. Ross Luga, chief of the communications division of the DLPC said rotating brownout will continue to be imposed this time reducing it to one hour after one of its power sources, the coal-fired Therma-South resumed operations 12:11 am December 7. He said the DLPC monitors the situation every hour. “We see the continuous rotating power interruption for one hour during peak and off-peak periods,” Luga said.

P15.00

Brownouts still hit CDO www.businessweekmindanao.com

CHRISTMAS TREAT. Customers flock to a food stall selling hot puto bumbong beside City Hall in Cagayan de Oro on Dec. 7, 2015. mindanews photo by froilan gallardo

Wilfredo Rodolfo III, communications manager of Aboitiz Power said unit 1 of their Therma Marine South which generates 150 megawatts went operational at 8am Monday. Rodolfo said their other coal plant, also generating 150 MW, is expected to be operational by February next year. Both Aboitiz-owned coal plants in Toril, Davao del

Sur were shutdown only a few months after it went operational in August this year. The shutdown worsened t h e p ow e r o u t l o o k i n Mindanao whose hydropower plants are grappling with the effects of the El Nino. Marilyn Chaves, spokesperson of the Cagayan Electric Power and Light C o m p a ny ( C E PA L C O ) brownouts/PAGE 7

ARMM attracts P471-M energy investment COTABATO City — An energy company is pouring in PhP471 million in investment to the Autonomous Region in Muslim Mindanao.

This, according to the Regional Board of Investment (RBOI), is despite the uncertainty of the passage of the Bangsamoro Basic

Law (BBL) by the Philippine Congress. RB OI-ARMM in its meeting last Wednesday energy/PAGE 7

Customs officials claim release of sodium cyanide in order By CHENG ORDONEZ Executive Editor

THE Bureau of Customs at the Mindanao Container Terminal (MCT) vehemently denied prejudicing the alleged inadvertent release of the controversial seven containers of sodium cyanide, earlier impounded and has been the subject of an alert order. Acting district collector Atty. Ruby Claudia M. Alame da on D e cemb er cyanide/PAGE 7

UNSPOILED BEAUTY. The sugar-fine white sand in Bitaog Beach in Barangay Rizal, Basilisa town in Dinagat Province offers tired souls an idyllic refuge from the hustle and bustle of daily life. mindanews photo by roel n. catoto

Mega Harbour bags P40-B Davao reclamation project By CARMELITO Q. FRANCISCO, Correspondent

The 35 tons of Sodium Cyanide worth millions of pesos ceased Bureau of Customs in Cagayan de Oro City. cheng ordoñez

DAVAO C I T Y - - T h e proposed P40-billion reclamation project in Davao City is expected to take off early next year with the original proponent, Mega

Harbour Development Corp., poised to bag the contract after no counter-bids were submitted in a Swiss challenge last month. project/PAGE 7

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


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