BusinessDaily Mindanao (April 29, 2013 Issue)

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BusinessDaily CREDIBLE

Cagayan de Oro City

INSIDE LOOK

Volume III, No. 201

IN-DEPTH

Monday

P15.00

April 29, 2013

PH’s car parts makers draw crowd

Investments in NorMin reached P1.82B : NEDA

ADB grants $1-M for SWM Economy

Market Indicators As of 5:59 pm apr. 28, 2013 (Sunday)

FOREX

PHISIX

US$1 = P41.22

7,025.44 points

4 cents

RELIABLE

X X Briefly 29.98 points

Job vacancies DAVAO City -- Job seekers in the region will be given oppor tunities for possible employment in local and overseas companies that will offer 30,893 vacancies in job fairs set on Labor Day. The Department of Labor and Employment (DOLE) 11 will lead three simultaneous job fair events at SM City Davao and Gaisano Mall in Davao City and at Gaisano Mall in Tagum City, Davao del Norte, in celebration of Labor Day on May 1. DOLE regional director Joffrey Suyao bared that about 2,980 job vacancies from 131 local firms will be opened at the two malls in Davao City, while 17,977 overseas jobs come from 51 companies.

TESDA on Labor day BUTUAN City – The Te c hnic al Edu c ation and Skills Development Authority (TESDA) has extended its full support for the conduct of the 2013 Labor Day Celebration on May 1, 2013. T ES DA B u t u a n C i t y Agusan del Norte Provincial Director Randy Devilla said that as attached agency of the Department of Labor and Employment (DOLE), TESDA has been regularly coordinating with DOLE officials in the region to ensure that the annual Labor Day celebration will succeed. Devilla said they are doing this not only during Labor Day celebrations since it is their mandate to provide the people with technical education and skills development. “It is our mandate to provide technical education and skills development of the people especially the youths so we are regularly educating them and developing their skills to become better citizens of our country,” Devilla said.

Motoring

News

SulKud as pilot areas Agri-Business

Gov’t intensifies campaign for abaca extraction Agri-Business

P-Noy: ‘More power plants in Mindanao’ PAGE 2

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By BWM NEWS BUREAU With Wire Reports

O

ZAMIZ City – In his recent sorties in Mindanao region, President Benigno S. Aquino III remains defensive in regards to the worsening power crisis besetting the island.

LABOR ONLY. Davao workers call for an end in labor-only- contracting, the government policy that has made the country’s millions of labor force stuck in lowly paid and temporary jobs. file photo courtesy of davaotoday. com

Local official says rising poverty is caused by ‘labor only’ scheme

On Saturday in Ozamiz City, the President said his administration will put an end to the energy crisis in 2015 “by establishing power plants” in the region. In his speech during his meeting with local leaders a nd t he com mu n it y at t he Misa mis Universit y G y m n a s iu m h e r e , t h e

Chief Executive said the government is pushing for projects particularly in the energy sector to boost the power sources in Mindanao. The President said the government started taking measu res to ef fec t ively address the power crisis in Mindanao as he assured p-noy/PAGE 11

By WALTER I. BALANE, MindaNews

MALAYBALAY City -Bukidnon Vice Gov. Jose Ma . R . Zubi r i bla med ye s t e rd ay t he r i s e of t he prov ince’s pover t y

incidence to the “ labor only” contractual scheme resorted by agricultural plantations. Bu k id non’s pover t y

NGCP seeks to upgrade Agus plant switchyard By IRENE DOMINGO, Reporter

IN a bid to improve the t r a n sm i s sion of p ower from its main source, the National Grid Corp of the Philippines (NGCP) will repair its lines that connect the Agus hydroelectric plant to the grid. Last week, the NGCP

f i le d a pe t it ion b efore t he E nerg y Reg u lator y Commission (ERC) asking the regulatory board that it be allowed to upgrade the 59year old switchyard located in the vicinity of the Agus 6 hydropower facility. ngcp/PAGE 11

incidence rose to 43.3 percent in 2012 from 38.8 percent in 2009 and 40.4 percent in 2006, according poverty/PAGE 11

POWER OUTLOOK

DOE thumbs down solar power to ease shortage THE Department of Energy (DOE) has thumbed down proposals to tap solar energy in addressing Mindanao’s power supply woes. Secretary Carlos Jericho L. Petilla said solar power may do more harm than DOE/PAGE 11

As widespread brownouts continue to grip Mindanao, the government expects its end as soon as more power plants are established by 2015. (Photo by PHOTOVILLE International)

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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