BusinessWeek
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YOUR LOCAL ONLINE BUSINESS PAPER
www.businessweekmindanao.com Issue No. 65, Volume III • April 16-19, 2012
Editorial: 088-856-3344 • Advertising: 0917-7121424
P15.00
Market Indicators AS OF 4:45 P.M., APR. 13, 2012 (Friday)
FOREX
PHISIX
US$1 = P42.66
5,097.30 points
; ; Briefly 6 cents
50.52 points
Manifesto
ZAMBOANGA City -- Mayor Celso Lobregat on Friday presented during the Mindanao Power Summit in Davao City, the manifesto of Zamboanga City power stakeholders relative to the power situation in the area. The manifesto, signed by representatives from various sectors, was the result of a meeting convened by Lobregat in cooperation with House Deputy Speaker Ma. Isabelle Climaco-Salazar, said: “Given the growing demand and limited supply of power in the entire Mindanao, we support the establishment of baseload power plants in Zamboanga City consistent with environmental laws and policies, and seriously urge the National Government to create a conducive environment for the private sector to invest in the power sector and expedite the processing serious proposals and, to explore all alternative sources of energy.”
Wastewater treatment
SINCE their transfer to Xavier Ecoville, relocatees of tropical storm Sendong have been getting their hands dirty – literally – in vegetable gardening activities for home consumption and for sale to support their livelihood. However, limited water supply can be a problem. In response, the Water, Hygiene and Sanitation (WaSH) cluster of Xavier Ecoville led by experts from Xavier University (XU) tapped the Ateneo Innovation Center (AIC) in installing a wastewater treatment facility that would make wastewater generated in the site re-usable for irrigation and other purposes.
By NELSON V. CONSTANTINO, Editor-in-Chief with IRENE DOMINGO, Reporter
P
OWER shortage may still continue to grip Mindanao as government has failed to present a clear-cut and quick solutions to the problem during the recently-held Mindanao Power Summit in Davao City on Friday.
While the government is strongly pushing for the privatization of the state-owned power assets, most stakeholders present during the Summit have instead recommended that the state should retain ownership of the 700-megawatt (MW) Agus-Pulangui hydroelectric power complex as well NO SOLUTIONS IN SIGHT. President Benigno Simeon Aquino III listens attentively to the concerns of stakeas to stop the privatization of power holders during the Mindanao Power Summit held in Davao City on Friday. (PHOTO COURTESY OF MINDA) barges 101 to 104. “The government should not privatize the hydroelectric plants including Agus-Pulangui and the power barges [because it will pave the POWER/PAGE 8
P-Noy to Mindanaoans:
Nuclear power pushed to solve energy crisis MINDANAO businessmen have appealed to the government to consider setting up a nuclear power plant in the region, which has been experiencing daily rotating brownouts for more than a month now. Electric Power Alliance chairman Vicente Lao on Friday acknowledged that the Aquino administration might be lukewarm to tapping nuclear power, but said it should not be ruled out NUCLEAR/PAGE 10
Pay higher electricity rates AS IF the government is helpless in solving the problem in Mindanao, President Benigno Aquino bluntly told stakeholders during the Power Summit in Davao City that Mindanaoans have no other recourse but to carry the brunt of higher electricity rates or continue to suffer from power shortage. In his speech, the President said there are investors willing to invest in Mindanao, but people in the region should accept a hike in electricity rates. “How can you entice anyone to invest if their generating cost is more than their selling cost? The simple truth is, we can have a lot more energy but we have to provide the incentives ELECTRICITY/PAGE 11
Primavera Penthouses now open for reservations Brokersand potential buyers are now queuing up for the impending sale of the topmostexclusive floor of Primavera Residences. “These units are the best of thebest property available in Cagayan de Oro and Northern Mindanao,” saidArchitect Romolo V. Nati, president and CEO of Italpinas Euroasian Design
andEco-Development Corporation, designers and developers of Primavera Residences,the first and only eco-friendly designed condominium in Region 01. “We are reserving these bestproperties for the best people who deserve them so we will probably make aunique offer for them,” Arch. Nati added. “Owners PRIMAVERA/PAGE 10