BusinessDaily CREDIBLE
Volume III, No. 228
Market Indicators
As of 5:57 pm june 4, 2013 (Tuesday)
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PHISIX
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Briefly Agri achievers DAVAO City -- The province of Davao del Norte holds the distinction of having the highest number of national Gawad Saka awards in the Davao region. Governor Rodolfo del Rosario said the province has already produced 10 winners in the national Gawad Saka search for outstanding agricultural achievers since 1998. This feat, according to the governor, has not only brought honor to the province, but has inspired the agri-based local economy to be resilient and ever capable of meeting various challenges facing the industry. Del Rosario cited the sector’s ability to readily bounce back was manifested when the province was hit by typhoon Pablo last year that damaged P3.5 billion worth of crops and livestock.
Water problem FIREWORKS exploded at the hall of the city council here Monday as city councilors exchanged barbs on the city’s water problem that has stuck on the resident’s neck here for the last 15 years. City Councilor Juan Sia on Monday accused the city council’s committee on public utility for sleeping on its job for its failure to address the city’s perennial water problems here. The city’s committee on public utility lacks the foresight and could not offer strategic solutions to the water problem that pestered this port capital of almost 900,000 people, Sia said in a privilege speech. He said that the people of Cagayan de Oro City has been wanting in solution to the inadequate water services here for the last 15 years without a concrete solution in sight.
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IN-DEPTH
All’s set for airport opening next week Cagayan de Oro City
Wednesday
By IRENE DOMINGO Reporter
Filinvest reiterates bid to build P30B coal plant in Misor
T
HE government has expressed optimism that the scheduled start of L a g u i nd i nga n Airport operations next week will go on without a hitch.
By IRENE DOMINGO Reporter
Tr a n sp or t S e c re t a r y Joseph Emilio Abaya said the new facility would be operationa l by June 15, t ra nsferring nor t hern Mindanao’s gateway from the Lumbia Airport. “Although the airport will be fully operational by then, we will also continue insta lling additiona l navigational aids to equip it w it h a n I n s t r u ment Landing System (ILS) by May 2014. We believe that this would make the airport more appealing to foreign air transport companies and we hope that this would translate to foreign airlines flying directly to Mindanao by next year,” Abaya said. He said Laguindingan opening/PAGE 11
AIRPORT’S READY. Officials from the Civil Aviation Authority of the Philippines check the premises of the Laguindingan Airport in Misamis Oriental during the dry runs at the airport. The P7.9 billion project, which will replace Lumbia Airport in Cagayan de Oro and Balo-I Airport in Iligan, is set to open June 15. The airport has a projected passenger capacity of 1.6 million for the year 2020. mindanews photo by froilan gallardo
Cagayan de Oro archbishop urges systematic environmental action By BONG D. FABE, Associate Editor
Arch. Ledesma
PROTECTING the environment is the best way to protect the people from t he devastating impacts of climate change. Thus, people must do their part in ensuring that the environment is shielded from
On World Environment Day:
Civil Society, partners to forge strategy for engagement with incoming admin By MIKE BANOS, Editor-at-Large
CIVIL society groups and their partners in government convene today in Cagayan de Oro to formulate a strategy for engagement with the
P15.00
June 5, 2013
incoming city administration to institutionalize the civil society-local government partnership on good natural resource governance as its
way of celebrating World Environment Day. “A s a g e s t u r e o f aff irmative action, civil forge/PAGE 11
further degradation. But how c a n people b e re sp on sible for t he env ironment when t hey are not aware of their great responsibility? How can they help elective officials when action/PAGE 11
THE Gotianum-led Filinvest Development Corp. (FDC) on Friday reiterated its bid to spend P30-billion to build a 405-megawatt coal-fired power plant in Misamis Oriental. FDC Chairman Jonathan Gotianum said FDC Utilities, Inc. said the first phase of the circulating fluidized bed coal-fired facility will have a capacity of 135 MW. It will sit in a 84-hectare leased land at the Phividec Industrial Estate in Villanueva town. Got ia nu n sa id t he timetable for the second phase -- involving another 135-MW – will be set six mont h s a f ter bre a k i ng ground for phase 1. T he fac i l it y w i l l b e operational by 2016. Got ia nu n sa id t he company is also looking at other coal and hydroelectric projects nationwide. FDC coal/PAGE 11
PHILIPPINE EAGLE WEEK Ph i l i pp i ne E a g l e n a m e d Scout Binay feasts on his meal at the Ph i l i pp i ne E a g l e Center in Malagos, Davao City. The center opened house yesterday as part of the Philippine Eagle Week Celebration. mindanews photo by toto lozano
J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY
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