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www.businessweekmindanao.com Issue No. 107, Volume III • Sept. 14-16, 2012
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Market Indicators
AS OF 5:34 PM SEPT. 12, 2012 (Wednesday)
FOREX
PHISIX
US$1 = P41.57
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21.05 points
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Briefly Normin’s fruit prod’n A FRUIT crop production of 718,195.10 metric tons (MT) was noted in Northern Mindanao, during the first quarter of the year. This volume of production was 5.13 percent higher compared to 683,128.51 MT of the same period last year, Carlito A. Baclayon, Regional Agricultural Statistics Officer, Bureau of Agricultural Statistics (BAS), said. Of these fruit crops, lanzones posted the highest growth of 3,391.85 percent, followed by papaya with 114.19 percent, due to more fruit-bearing trees in Misamis Oriental, during the period.
SUCs on mining
BUTUAN City -- State Colleges and Universities (SUCs) in Mindanao have partnered on a research program on science and technology for responsible mining. The schools developed a research proposal entitled “S&T Program for Responsible Mining in Mindanao.” Among the institutions involved are the Caraga State University (CSU) and three other SUCs in Caraga Region, which make up the Caraga Consortium for Responsible Mining; University of Southern Mindanao (USM) in Kabacan, Cotabato; Mindanao University of Science and Technology (MUST) in Cagayan de Oro City and the Mindanao State UniversityIligan Institute of Technology (MSU-IIT) in Iligan City. The research is aimed to deliver science-based information and alternative technologies to promote socially acceptable, environmentfriendly, ecologically sound and economically rewarding mining in Mindanao.
By MIKE BAÑOS, Correspondent
W
ITH an imminent El Niño episode expected during the last quarter of the year, Cagayan de Oro appears to be better prepared to meet any power curtailment which may arise in the Mindanao Power Grid next year. Already, local utility Cagayan Electric Power and Light Co. (CEPALCO) has embedded power generation capacity totalling 55.2 megawatts representing 42.6% of the 130 megawatt (MW) peak power demand of the utility’s franchise area which serves Cagayan de Oro and the Misamis Oriental municipalities of Tagoloan and Villanueva (site of the 3,000 hectare PHIVIDEC Industrial Estate) and Jasaan with 118,139 customers. This capacity was recently upgraded with the operation of the 27.5 MW Wartsila Plant of Mindanao Energy POWER/PAGE 10
FISH CART. A push cart loaded with malasugi to deliver and sell at Bankerohan Public Market. DAVAOTODAY. COM PHOTO BY MEDEL V.
AP to abide by ERC order cutting rates on barges By BUTCH ENERIO Correspondent
ABOITIZ Power Corp. (APC) on Wednesday said it will abide by the regulator’s decision reducing the rates of its the company’s power barges in the region. In a statement, APC’s subsidiary Therma Marine, Inc. chief operating offi-
cer Jovy A. Batiquin said the company will comply with the Energy Regulatory Commission’s order, directing it to refund the National Grid Corp. of the Philippines. “We have decided to not file any motion for reconsideration. We won’t contest ERC’s decision,” he RATES/PAGE 10
HERNANI
R-10’s non-containerized cargo volume up 9.64% By RUTCHIE C. AGUHOB, Contributor
OROQUIETA City -- A total volume of 3,457,155 metric tons (MT) in non-containerized cargo was loaded on the ships in Northern Mindanao, during the first quarter of the year. This volume of non-containerized cargo was actually higher by 9.64 percent compared to 3,153,188 MT, in the same period of 2011,said Necitas G. Layola Jr., engineer
and manager of Philippine Ports Authority (PPA) -10. These cargoes were mostly loaded on delivery trucks that availed of the roll-on, roll-off (RO-RO) services of the ships giving shippers the ease of transporting their goods to other points of destination outside the region. Loading goods on these trucks on their way back, shippers also avail of the ship’s CARGO/PAGE 10
UNISDR : Political leadership No.1 issue in reducing risk By BONG FABE, Correspondent
(Part 1)
Wahlstrom
LEADERSHIP and political will or the lack of it is the number one issue affect-
ing a city’s ability and capability to reduce risk, said a study released last week by the United Nations International Strategy for Disaster Reduction. “Building resilience to disasters requires ISSUE/PAGE 10