BusinessWeek Mindanao Dec 12

Page 1

Are you looking for a better tabloid newspaper in Mindanao for the promotion of your products and services intended for C,D & E markets?

INDANAO

AILY

Mindanao Daily Balita (MDB) is the right choice! For such ad placements, you are exposed through the following regional editions;

MDB CAGAYAN DE ORO/MISOR, MDB BUKIDNON, MDB WESTMIN, MDB DAVAO CITY and MDB CARAGA REGION MDB newspaper virtual e-copy is also available online for FREE reading, worldwide Just log on to http://www.mindanaodailybalita.com/ ADVERTISING: 0917-7121424

BusinessWeek

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com Issue No. 32, Volume III • Dec. 12-15, 2011

Market Indicators AS OF 5:34 P.M., DEC. 9, 2011 (Friday)

;

35 cents

PHISIX 4,292.50 points

20.39 points

;

FOREX US$1 = P43.64

Briefly Power barges

STATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) is planning to bid out power barges 101 to 104 within the first quarter of 2012. “While still waiting for the Joint Congressional Power Commission’s [JCPC] comment on the Naga privatization, we target to privatize the power barges [PB] 101 to 104 sometime in middle of March 2012,” Emmanuel Ledesma Jr., PSALM president, said. In November PSALM said its board has approved the sale of the power barges with the condition to immediately transfer the barges to Mindanao to augment the power supply in the region.

Mining seen to pick up

DAVAO City -- Mining activities in the Davao Region are expected to pick up within the next two years with 27 applications for new projects recommended to the national government for approval. Wilfredo G. Moncado, acting chief of the Mine Management Division of the regional office of the Mines bureau, said those applications are expected to get the nod with the streamlining of procedures. “These applications [were recommended for approval because they have] complied with the government’s requirements. So we expect them to start as soon as they get the approval of the [Department of Environment and Natural Resources],” he said.

Editorial: 088-856-3344

NOW OPEN EN Market City, Agora

Advertising: 0917-7121424

P15.00

Aboitiz tells public, coal-fired plant safe Davao Mayor vetoes land reclassification ordinance, stops coal plant project By NELSON V. CONSTANTINO, Editor-in-Chief

A

BOITIZ Power Corporation (AP) on Friday reiterated that the proposed 300-megawatt coal-fired power plant to be established in Barangay Binugao, Toril District in Davao City is reliable and environmentally safe.

In a press statement, AboitizPower Chief Executive Officer Erramon I. Aboitiz said the company has, since 1978 been at the forefront of developing and operating various power generating plants all over the country to help provide power users with reliable, affordable, and safe electricity. The statement came after Davao City Mayor Sara Duterte-Carpio vetoed

last week the city councilapproved ordinance seeking for land reclassification that would allow the construction of the power plant in the area. Duterte-Carpio said the project is prejudicial to the general welfare of the public, adding that she was “disturbed with the environmental and health implications resulting from ‘HOT MEAL’: Kids in barangay Balubal enjoy eating their hot choco porridge served the operation of the project.” during the city’s one-stop community outreach People to People Program (PPP) by the city government of Cagayan de Oro. PHOTO PROVIDED ABOITIZ/PAGE 10

Region 11 workers get P15/day wage increase PRIVATE workers in Davao Region will soon get a reprieve following the approval by the Regional Tripartite Wage and Productivity Board (RTWPB) for a P15 daily increase for minimum wage earners in the region, Labor Secretary Rosalinda D. Baldoz said on Friday. “The RTWPB-Region 11, after determining the need to restore the lost purchasing power of minimum wage earners in the Davao Region for them to cope with the rising cost of living, but without impairing WORKERS/PAGE 7

Laguindingan airport project gets funding from EU program By ALLAN MEDIANTE Executive Editor

THE Department of Transportation and Communications (DOTC) has included the soon to be completed Laguindingan International Airport as among the projects that are aligned with

the European Commission’s program with P500-billion capital expenditure in the next five years. Transportation Secretary Mar Roxas Roxas said that some of the government’s programs will be aligned with the projects that some European agencies are pro-

moting in the Philippines. “The European Commission has several projects on health, agriculture, environment, forestry, and support for the peace process in Mindanao,” he told members of the European Chamber of Commerce of AIRPORT/PAGE 10

Davao’s ICT sector sees robust growth in 5 yrs By CARMELITO Q. FRANCISCO Correspondent

DAVAO City -- The information and communications (ICT) technology sector in this city is expected to reach its goal of hitting 16,000 workers in the next five years as the city received P20 million from the P400 million released by the government to train potential work force in the industry. Lizabel G. Holganza,

president of the Information and Communications Technology Association of Davao, said that the money, through the Technical Education and Skills Development Authority, would be used to train applicants who are pre-screened by the association. Ms. Holganza said that with the fund, about 2,000 applicants for the different The information and communications technology (ICT) subsectors of the industry sector in Davao City braces for expected boom in the SECTOR/PAGE 7 next five years.


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.