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BusinessWeek MINDANAO
YOUR LOCAL ONLINE BUSINESS PAPER
www.businessweekmindanao.com
Issue No. 2, Volume III • June 20-26, 2011
Market Indicators
as of 5:15 p.m., JUNE 17, 2011 (Friday)
FOREX
PHISIX
US$1 = P43.787
4,153.11 points
19.97 points
X
X Briefly 0.007 cents
June 20 is holiday
AS per Proclamation No. 154, President Benigno S. Aquino III declared today, Monday, June 20, as special non-working day throughout the country which marks the 150th birth anniversary of Dr. Jose P. Rizal, our national hero. Rizal’s birth anniversary was actually yesterday, June 19, a Sunday, thus its holiday benefit is moved today. This is also to give all Filipinos the opportunity to commemorate Rizal’s country, rekindle the admiration and respect for him.
Wage adjustment
THE Regional Tripartite Wages and Productivity Board (RTWPB), Northern Mindanao will conduct a public hearing on minimum wage adjustment in the region on June 24 at 2:00 p.m. Lawyer Alan Macaraya, director of the Department of Labor and Employment (DOLE , R10, said the activity will be held at De Luxe Hotel,Capt. Vicente Roa St., this city. Macaraya, who is also the chairperson of RTWPB-X has encouraged/ enjoined all interested parties who may wish to present their position/ opposition on the matter to attend the public hearing. “They may also file their position papers for Board’s consideration on or before the aforementioned date at the RTWPB-X Secretariat, Room 303, CKY Center, Capistrano-Chavez Sts., Cagayan de Oro City.
EAGA gab on ICT
KEY projects aimed at improving telecommunication and ICT services in the remote areas of Brunei Darussalam Indonesia Malaysia Philippines-East ASEAN Growth Area will highlight discussions on ICT connectivity at the private sector-led forum on ICT slated to be held this week in Puerto Princesa City, Palawan. The 4th Brunei Darussalam, Indonesia, Malaysia, Philippines-East ASEAN Growth Area (BIMP-EAGA) CEO Forum on Information and Communications Technology (ICT), which will be held at Hotel Centro in Puerto Princesa City on June 22, will gather chief executives and key representatives of companies engaged in ICT and telecom services to discuss and agree on ICT projects needed to address digital divide and improve ICT services in the sub-region. The CEO forum is a private sector platform created for ICT companies in BIMP-EAGA to network, discuss and agree on programs and projects under the BIMP-EAGA Working Group on ICT with the goal of improving telecommunications and ICT services in the sub-region, especially in the remote and border areas.
JR BORJA ST., CAGAYAN. DE ORO CITY Tel No: 857-4113
P10.00
Privatization of power plants hits new twist Mindanao’s Agus-Pulangui Hydroelectric Plants within Bangsa Moro State
T
By MIKE BAÑOS, Correspondent
HERE seems to be an unforeseen twist to government’s planned privatization of the Agus and Pulangui hydroelectric plants in Mindanao: they are among the natural resources listed in the proposed Bangsa Moro State and would be subject to its laws once the latter’s status as an associated state is approved.
Datu Michael O. Mastura, former president and CEO of Phil. Amanah Bank and a member of the MILF Peace Panel, said the impending sale of the two power plants is an issue which pre-empts the issues of ancestral domain and patrimony and land ownership.
“Doesn’t that pre-empt our negotiating position at the table?” Mr. Mastura asked when questioned about the planned privatization of the hydro plants which provide around 55 percent of Mindanao’s electricity needs during a June 13 consultation power/PAGE 9
Amante vows to lead Agnor out of poverty By ARJAY S. FELICILDA Caraga Bureau Chief
AGUSAN del Norte – Provincial Governor Erlpe John M. Amante has centered his recent State-of-the-Prov-
ince Address (SOPA) on the importance of quality health services in an effort to minimize the poverty incidence in the province. amante/PAGE 11
BUHAY SA ULINGAN. No one can expect a better life for a young kid like this who works and lives life amid hardship and hazard in this charcoal factory.
bwm photo by mio cade
Delay seen in PLDT-Digitel deal THE impending deal that will allow Philippine Long Distance Telephone Co.’s (PLDT) to take over rival Digital Telecommunications Philippines, Inc. (Digitel) could be delayed beyond an end-June deadline given an unfinished regulatory probe. “[Government] approval is beyond our hands. There will be a hearing next week and after that … we’ll have
to see [if we can finalize the agreement by June 30],” PLDT Chairman Manuel V. Pangilinan said after securing stockholder approval of the transaction. National Telecommunications Commissioner Gamaliel A. Cordoba said the NTC will hold a second hearing tomorrow, June 21, as part of its review of the P69.2-billion deal that was announced last
DAVAO City -- The Department of Energy (DOE) has projected a demand of 2,500 megawatts for the Mindanao grid by 2030. Antonio de Guzman, Research Specialist of the Department of Energy Mindanao Field Office said that
based on projections of the planning division from the DOE’s central office, they are estimating the required energy needs of the island’s grid based on economic growth rate. De Guzman said that on mindanao/PAGE 12
Mindanao needs 2,500mw by 2030 Primavera Designers partner with MyShelter Foundation for Eco Activity Center .The designers of Primavera Residences, Northern Mindanao’s first eco-friendly condominium is partnering with MyShelter Foundation to build a Sustainable Activity Center in Quezon City. For further inquiries regarding Primavera Residences, please call (63) 921-4156737 or fax (63) (2) 889-9292 or email g.magadan@ italpinas.com or s.delavega@italpinas.com. PRIMAVERA/PAGE 6 ADVERTOIRIAL
CQ LIFESTYLE CENTER Bldg, JR Borja, St., Cagayan de Oro City Tel No: 856-9001
CAPISTRANO ST, CAGAYAN DE ORO CITY TEL NO.: 856-1660
VAMENTA BVD, CARMEN CAGAYAN DE ORO CITY TEL NO. 858-1660
March. Last May 23, a “jurisdictional hearing” was held where Globe Telecom, Inc., Eastern Telecommunications Philippines, Inc. and Sealand Telecommunications Co. Inc., and consumer advocacy groups TXTPower.Org Inc. and Txtm8 all filed position papers. PLDT’s planned acquisipldt/PAGE 7
OSMEÑA ST. CAGAYAN DE ORO CITY TEL NO: 856-4019