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BUSINESSWEEK MINDANAO Tel. No. 856-33-44 / 72-53-80
BusinessWeek MINDANAO
Issue No. 9, Volume III • August 15-21, 2011
YOUR LOCAL ONLINE BUSINESS PAPER
NOW OPEN Market City, Agora
www.businessweekmindanao.com
Solons urge inquiry to help Global Steel S
By Allan M. Mediante, Executive Editor
P10.00 Market Indicators
as of 12:10 p.m., AUGUST 12, 2011 (Friday)
FOREX
PHISIX
US$1 = P42.70
4,321.73 points
X X Briefly 0.1 cents
10.71 points
Electric coop
POWER consumers should know, understand better and be clarified on issues and concerns that electric coops are currently facing, opined House Deputy Majority Speaker Lorenzo Tañada III (4th District Quezon). In the forum with various sectors, stakeholders and media at the conference room of the Agusan del Norte Electric Coop (ANECO), August 4, Rep. Tañada said people, who are pushing for privatization, should also give clear and justifiable reasons why electric coops should go for it, so the public will not be confused and misled. Arjay S. Felicilda
ECOND district Rep. Rufus Rodriguez of Cagayan de Oro, and his brother, Abante Mindanao Partylist Rep. Maximo Rodriguez filed a joint resolution urging the House of Representatives to direct the Committee on Trade and Industry to conduct an inquiry, in aid of legislation, into the current status of a steel plant in Iligan City so that assistance and incentives may be given to the steel firm to enable its reopening, and create jobs for Mindanao folks, and income for the Philippines. ‘Misemployed’ Pinoy The resolution of the two (GSPI), dubbed as the largest nurses a headache
Architect Romolo V. Nati, president and CEO of Italpinas Euro-Design and Eco-Development Corporation (Italpinas), stresses the importance of ecofriendly condominium and SM’s Green Retail Agenda and Pueblo de Oro’s Green Initiatives during a gathering in Cagayan de Oro.
solons hopes to help the Global Steel Plant get to its feet and resume its muchneeded operation to give boost to the country’s ailing steel industry. The solons stressed that Global Steel Philippines, Inc.
steel manufacturing plant in the Philippines, is the only manufacturer of hot rolled coils (HRC) and cold rolled coils (CRC) in the country. It closed shop for more than a year now due to financial STEEL/PAGE 7
Primavera links Green Loop between Group inks resolution SM and Pueblo de Oro Township to acquire Pulangi IV By Mike Banos Correspondent
CAGAYAN de Oro’s first ecofriendly condominium stood tall as one the strong links between SM’s Green Retail Agenda and Pueblo de Oro Township’s Green Initiatives during the former’s launching last August 4 in SM Cagayan
de Oro. Ms. Clara Marie Asuncion G. Elizaga, SM Cagayan de Oro Mall Manager, said the SM Green Retail Agenda is an annual event where mall tenant owners and business planners gather for a yearly conference on trends, materials, sustainability strategies
and green architecture. “SM aims to encourage all business owners and mall partners to contribute and keep our natural world a clean and safe environment for the future,” Ms. Elizaga said in her welcome remarks. “In doing so, we integrate the TOWNSHIP/PAGE 4
August 15 - August 30,2011
By Ann Noble, Bukidnon Bureau Chief
MALAYBALAY City, Bukidnon––Sensing the imminent sale of Pulangi 4 as mandated under the Epira Law, the Bukidnon Power Commission (BPC)––a coalition comprising the local government units, electric cooperatives, and member-consumers––has signified its intention to acquire Pulangi IV as it drafted and signed a resolution that would eventually arrest the looming power crisis in Mindanao. The group signed the resolution during the just-held second Power Summit where it cited two important options beneficial to the electric consumers of the province. First, the group should be given the right of first refusal should Pulangi lV be privatized and, to be given the option of a negotiated bidding in accordance to Government Procurement Reform Act or Republic Act 9184 where Section 53 of which mandates the negotiated procurement to restore vital public services, infrastructure facilities and GROUP/PAGE 7
SENATOR Edgardo Angara says there are now more than a quarter million Filipino nursing graduates who are jobless or “misemployed.” Putting his estimate at around 287,000, Angara urged the Aquino administration to address the “pervasive misemployment and job mismatch.” Angara said the nursing industry “requires a rethink of the curriculum of the profession, as well as a reorientation of the parents. Everyone thinks that nursing is the most profitable investment in education, I think that’s no longer true.” InterAksyon.com
International surfing
THE Department of Public Works and Highways (DPWH) is currently working on various road repairs and maintenance in Siargao Islands, Surigao del Norte, in preparation for the World Junior Surfing Finals and the 17th Siargao International Surfing Competition, September this year. Works are particularly on the Dapa-Gen. Luna Road, a vital tourism route to the municipality of Gen. Luna, the host municipality of the said world-class competitions. Arjay S. Felicilda