BusinessDaily Mindanao (April 10, 2013 Issue)

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INSIDE LOOK

S peaking O ut IGNACIO BUNYE

Economy

Real Estate

Opinion

Agri-Business

Arts&Culture

BusinessDaily NEDA- 10 sets assessment on regional development plan

Seda : Ayala’s boutique hotel

Valuable partner in banking industry

Gov’t allots P200M for hybrid rice

Signs of the times : The Gypsy Swallows of Downtown Zamboanga

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CREDIBLE

RELIABLE

Cagayan de Oro City

Volume III, No. 187

IN-DEPTH

Wednesday

Power forum tackles X Briefly M’danao spot market

Market Indicators As of 5:57 pm apr. 8, 2013 (Monday)

FOREX

PHISIX

US$1 = P41.27

6,732.22 points

11 cents

X

5.08 points

Caraga’s poor

B U T UA N C i t y - - T h e Department of Social Welfare and Development (DSWD) in Caraga has assessed a total of 405,310 households with 232,301 of them identified as poor, according to its regional profile of the poor released on Monday morning. Most of these poor households are in Agusan del Sur province having 65, 473 poor households or 28.2 percent of the total assessed households. This is followed by Surigao del Sur with 59,179 (25.5%), Agusan del Nor te with 49,437 (21.3%), Surigao del Norte with 45, 343 (19.5%) and the province of Dinagat Islands with 12,869 (5.5%). The top three cities with the most number of assessed poor households are Surigao City (23,569), Butuan City (18, 326) and Bayugan City (18,214).

Transport planning

DAVAO City -- A team of consultants from the United Kingdom will be conducting a nine-month transpor t planning for Davao City. The U.S. million project, which seeks to develop a sustainable urban public transport system in the the city, will be funded by Japan Fund for Poverty Reduction in cooperation with Asian Development Bank (ADB), Department of Tr a n s p o r t at i o n a n d Communications (DOTC), City of Davao and Embassy of Japan. City Planning officer-incharge Roberto Alabado III said the amount will be used to fund the commissioning of British consultants. “Our benchmarking for Davao City is international already, so our consultants came from an international group also,” he explained.

By BONG FABE Associate Editor

M

AJOR players and key stakeholders of the power industry in Mindanao converge in this City of Golden Fr iend s h ip to d ay, April 10, to conduct public consultations for t h e pr o p o s e d establishment of the Interim Mindanao Electricit y Market (IMEM).

Poll Watch ADVERTORIAL

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The IMEM, as proposed by the Mindanao Power Mon itor i ng C om m it tee (MPMC), is a mechanism designed to prov ide a n i m med iate venue for transparent and efficient utilization of additional capacities to address Mindanao’s energy-supply shortfall. Once set up, the IMEM will allow energy distributors to sell power supply from its embedded generators to areas and cities experiencing power shortage. The MPMC, an interagenc y body ma ndated to spea rhead ef for ts at f i nd i ng i m med iate a nd long-term solutions to the so-called Mindanao power crisis, had earlier proposed the establishment of the IMEM so that “available but uncontracted capacities from embedded generators of distribution utilities could also be tapped through the electricity spot market.” POWER OUTLOOK

Team PNoy Senatorial candidate Mrs. Cynthia Villar gives Cagayan de Oro City Mayor Vicente ‘Dongkoy’ Emano a handshake after the latter strongly endorsed her senatorial candidacy before the Assembly of the Liga ng mga Punong Barangay in Cagayan de Oro held at the Dynasty Court yesterday. photo by rolando sudaria

UNA’s Emano throws support to Team-PNoy’s Cynthia Villar By CHRISTINE H. CABIASA, Reporter

IN what could be a surprising move, Padayon Pilipino mayoral candidate Vicente ‘Dongkoy’ Emano on Tuesday officially announced his all-out support to senatorial candidate Cynthia Villar. Emano’s Padayon Pilipino party is closely allied to the opposition group, the United Nationalist Alliance (UNA) of Vice-President Jejomar Binay and former President Joseph Estrada while Mrs.

Villar, wife of senator Manny Villar of the Nationalist People’s Coalition (NPC), is coalesced with the administration’s Team-PNoy. During the inaugural campaign by UNA in Cagayan de Oro last month, Emano has vowed to give the opposition group the solid vote of Kagayan-anons. But explaining his support before the support/PAGE 11

Power deficiency to reach 484-MW in 2014: Aboitiz KIDAPAWAN City (PNA) -- If the power deficiency in Mindanao continues to widen, this could result to depriving electricity to at least five major cities in the island, according to a top official of AboitizPower, one of the country’s largest producers of renewable energy. These cities include Davao and General Outlook/PAGE 11

P15.00

April 10, 2013

Palm oil congress to ‘cure’ poverty By BONG D. FABE Associate Editor

CAGAYAN de Oro plays host to the gathering of palm industry players next week to urge the government to stop neglecting the palm sector and help it “cure” the mass poverty in Mindanao. The 8th National Palm Oil Congress, set for April 18 a nd 19 at t he Xav ier Sports and Country Club at the posh Xavier Estate in uptown Cagayan de Oro, will gather major industry players and stakeholders in an effort to help government r e d u c e m a s s p o v e r t y, especially in Mindanao. Mindanao is home to n i ne of t he 15 p oore st provinces in the Philippines. National official statistics show these provinces as Z a mboa nga del Nor te (52.9%); Agusan del Sur (51.2%); Surigao del Norte (47. 9 %); M a g u i n d a n a o (44.6%); Zamboanga Sibugay (43.2%); Davao Orienta l (42.5%); Saranggani (40.7%); Sulu (39.3%); and Lanao del Norte (39%). T h e A q u i n o administration is bent on slashing poverty incidence to 16.6 percent or half the 1991 poverty rate of 33.1%. The country’s poverty incidence as of February 2013 is at 26.5%, which means that almost a third of the population earn less than P16,841.00 a year. The palm oil industry has the potential to “cure” poverty, said Rolando T. D y, e xe c ut i ve d i re c tor of t he C enter for Food and AgriBusiness of the University of Asia and the Pacific. Dy, former independent director of A. Brown Co., Inc. lamented that only Palm/PAGE 11

J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY

Editorial and advertising email : businessdailymindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


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