First Peugeot Dealership in Mindanao opens today in Oro
AFTER announcing its assignment as official importer and distributor late last year, Eurobrands Distributor Inc. (EDI) made a commitment to open at least 12 dealerships in 2013––with at least one dealership opening each month. That commitment goes to the next level today as Peugeot formally opens
t
Peugeot Cagayan de Oro formally opens its doors today. In photo is the Peugeot RCZ, the French car brand’s award winning sports car. Also available from Peugeot are the 3008 Crossover, the 5008 Compact MPV and the 508 Executive Sedan. Peugeot Cagayan de Oro is located along Mastersons Avenue, Pueblo de Oro Business Park.
its first dealership in Mindanao-Peugeot Cagayan de Oro. Located along Masterson Avenue in Cagayan de Oro City, Peugeot Cagayan de Oro aims to provide the full Peugeot ownership experience to their customers while ascribing fully to Peugeot PEUGEOT | page 10
NONOY LECHON SERVICES OFFERED OUT OF TOWN ORDER
www.businessweekmindanao.com
For more details, contact Tel. No.: 309-5276 Hermilino Villalon
Filinvest to build P30b coal plant in Misor town VOL. 2, No. 243
Cagayan de Oro City
Thursday
February 28, 2013
P10.00
By Bong Fabe of Mindanao Daily News
CAGAYAN de Oro City––The Filinvest Development Corp. Utilities, Inc. (FDCUI) will be investing P30 billion to the energy sector in Mindanao by putting up its own 405-MegaWatt circulating fluidized bed (CFB) coal-fired thermal power plant in an 84-hectare area within the Phividec Industrial Estate in Villanueva, Misamis Oriental.
P30 BILLION INVESTMENT. Ms. Miren Sanchez, corporate communications manager of the FDC Utilities, Inc., presenting the Misamis Oriental 3x135 MW CFB Coal-Fired Thermal Power Project during the "learning session" of the Balay Mindanao Group of NGOs recently. Photo by Bong D. Fabe
The plant, which will be in operation for the next 25 years, will source 80 percent of its coal requirement abroad and 20% from local coal mines, said Ana Margarita “Miren” Sanchez, FDCUI corporate commu-
nications manager. Sanchez said that while FDCUI strongly believes in renewable sources of energy, it chose to invest in a coalfired power plant “despite the many challenges from many groups” because (1)
coal-fired power plant has short construction period; (2) it is the most feasible at present; and (3) coal is readily available. “We cannot rely for a long time on fossil fuels. We should use renewable energy where there is available. But we should take advantage of what is available now, and that is coal. In the Philippines, technology to harness renewable sources of energy is still financially prohibitive and we cannot wait any longer to address the energy crisis in our country, especially here in Mindanao,” she said. As of 2012, Mindanao coal | page 10
3 killed in Davao Laguindingan runway landslide shorter by 200 meters AIRPORT IN MISOR CONTINUE TO DRAW FLAK
DAVAO City––Three persons were killed when the vehicle they were riding in was hit by a landslide along the national highway in Sitio Kulasisi, Barangay Tagabukid in Mati City, Davao Oriental at 12:50 p.m. Tuesday. “There was no rain. But the soil may have loosened,” Davao Oriental Governor Corazon Malanyaon told MindaNews in a telephone interview. The National Disaster Risk Reduction and Management Council (NDRRMC), quoting reports from the Provincial DRRMC, identified the slain motorists as Arturo Sucnaan, 57 and Arnel Sucnaan, 35 of Tarragona, Davao Oriental and Leonara Mabandos, also killed | page 10
By FROILAN GALLARDO
CAGAYAN de Oro City–– Citing safety concerns, a group of local traders opposed to the opening of Laguindingan airport said its runway is shorter by 200 meters than that of Lumbia Airport in Cagayan de Oro City. The Cagayan de Oro Chamber of Commerce and Industry (Oro Cham-
ber), in a unified resolution signed by more 25 business groups in Cagayan de Oro and Iligan, also warned the public that the Laguindingan airport scheduled to open on April 30, 2013, will be operating with no radar system. The Orochamber said it got hold of a copy of a shorter | page 10
Cynthia Villar gets studes, parents, teachers’ support
J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY
SENATORIAL candidate Cynthia Villar (fourth from right) receives the resolution and statement of support from the faculty members, parents’ organization, and students from the Mindanao University of Science and Technology (MUST) during her short visit in Cagayan de Oro City on Wednesday morning. Mrs. Villar, a three-termer member of the House of the Representatives, won the
support of the students, parents, and teachers of MUST for her effort in making the transforming the school in a university leavel. In her speech, she encourages the students to give education their top-most priorities. She also shared to students how Las Piñas managed to make money out of waste materials. Photo by Shaun Alejandrae Uy
Editorial: e-mail: mindanaodailynews@gmail.com • 72-33-44, 856-3344 Advertising: e-mail: mindanaodaily.ads@gmail.com Contact cell nos.: 0917-7121424, 0947-8935776