BusinessDaily Mindanao (April 9, 2013 Issue)

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INSIDE LOOK

The Financial D octor DR. ADONIS AGCOPRA

Economy

Opinion

Agri-Business

Congress Watch

Arts&Culture

BusinessDaily Air travellers to get fair deal with DOTC-DTI’s “Air Passengers Bill of Rights” PAGE 02

What is your financial life stage?

Ducks help Zamboanga del Sur surpass rice target

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CREDIBLE

Volume III, No. 186

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

FOREX

PHISIX

US$1 = P41.27

6,732.22 points

11 cents

X

X Briefly 5.08 points

Saudi hiring nurses

THE K ing d om of Saudi Arabia (KSA) is need of female nurses, according to the Philippine Overseas and Employment Administration (POEA) Regional Extension Unit-10. In an advisory issued t o d a y, t h e P O E A -10 announced a government to government hiring of 1,000 female nurses with a basic salary of SR 4,080 for the KSA Ministry of Health. Qualifications include BS Nursing graduates or with Masteral Degree, minimum of four years’ experience for BSN graduates or two years’ experience for those with Masteral degree, and not more than 40 years old.

Pag-IBIG profiling

PAG-IBIG Fund members who have already complied with the Online Membership R e g i s t r a t i o n v i a w w w. p a g i b i g f u n d .g ov. p h b u t had inadvertently encoded erroneous information on their personal data may now request for the editing or updating of their personal profile by accomplishing the Members Change of Information Form (MCIF). The MCIF is a downloadable form which must be signed by both the member and the Employer or the duly authorized signatory of the Head of Office (if applicable), to attest the change of information made by the said employee. Furthermore, Ferdinand Saniel, Department Manager III of Pag-IBIG Cagayan de Oro Branch, said that PagIBIG Fund members who wish to update their Civil Status and/or beneficiaries may also request for the editing or updating of their personal information by submitting a duly accomplished MCIF and a photocopy of his/her Marriage Contract and/or the Birth Certificate of his/her beneficiaries (i.e., children). In cases where photocopies of the said documents are submitted, the original copy must be presented, for authentication.

Rep. Rufus B. Rodriguez of the second district of Cagayan de Oro turns over boxes of medicines to Tablon Barangay officials PAGE 10

RELIABLE

Cagayan de Oro City

Tuesday

W

power/PAGE 7

Solution to the power problem in Mindanao is still elusive.

By CHRIS V. PANGANIBAN, Regional Editor

MPMC urges okay of ILP By BONG FABE, Associate Editor

THE government-formed Mindanao Power Monitoring Com m it tee (MPMC) yesterday asked for t he i m med iate approva l of its petition for new rules governing the Interruptible Loan Program (ILP) in an effort to bridge the current

file photo

Agusan power coop to buy gensets SAN FRANCISCO, Agusan del Sur—The local electric cooperative here has opted to secure a soft loan from the National Electrification Administration to acquire diesel generating sets that will help address the prevailing four-hour daily rotating outages in the province. But member-consumers of Agusan del Sur Electric Cooperative (ASELCO) will have to bear the brunt of some P2 per

P15.00

April 9, 2013

By MIKE BAÑOS Correspondent

The Mindanao Coalition of Power C onsu mers yesterday called on local government units, organized b u s i n e s s a n d p e o p l e ’s organizations to take up the cudgels for consumers who would have no choice but to pay higher power

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IN-DEPTH

Power group seeks alternative solution HILE several electric cooperatives in Mindanao have a l re ady ex pre sse d eagerness to secure a loan to buy their own modular generator sets as a stopgap measure to avert the worsening power shor tage, a coa lition group is urging the government to look for alternative solutions that would not push Mindanao consumers further down.

World Theater Day on the roll

kilowatt hour increase of their monthly electricity bills to defray the operating cost of modular generating sets apart from six percent interest rates yearly from the government loan. Engr. Emannuel Galarse, ASELCO general manager, said the board of directors have decided to take the third option of acquiring the NEA soft loan offered by coop/PAGE 8

Search for PH’s most outstanding farmers launched By CHRISTINE H. CABIASA Chief of Reporter

T H E Ju n i o r C h a m b e r International Philippines and Universal Harvester Incorporated launched on Monday the search for The Outstanding Farmers of the Philippines Award of 2013 at Pearlmont Hotel here. TOFARM recognizes the resiliency, ingenuity, and the strength of the hard working Filipino farmers and anchors in promoting farming in t he yout h sec tor i n a l l regions. It also fosters steady increase of youth venturing in the agriculture sector and invigorates investment and scientific advancement to achieve sustainable food supply. According to Ms. Milagros Ong-How, UHI Executive Vice-President, Filipino farmers shou ld be given attention because they are the backbone of the country’s economy. With this program, the farmers are acknowledged a nd [at t he sa me t ime] enc ou r a ge d to help i n the enhancement of new agricultural technology such as the use of organic and inorganic farming and for them to share with their fellow farmers, Ms. Ong-How said. farmers/PAGE 5

Poll Watch ADVERTORIAL

power supply gap in the island. The Mindanao Development Aut hor it y (MinDA), MPMC chair, expects the ILP measure to be able to draw around 100MW of capacity by encouraging urges/PAGE 9

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

(L-R) Vice Mayoral Candidate Maria Lina Baura, Vice Governor Victorio Suaybaguio, Jr., Governor Del Rosario, Misis Hanep Buhay Cynthia Villar, Mayor Uy of Tagum City, Congressman Anthony Del Rosario and Mayoral Candidate De Carlo “Oyo” Uy, Son of Mayor Uy during the Procalamation Rally held in Freedom Park, Tagum City, Davao del Norte on April 04, 2013. advertorial

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


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