INSIDE LOOK
‘Smart cities to lure more tourists to PHL’
Davao’s SM Lanang is first pet friendly shopping center
SM CDO’s Grand Wear Sale
DENR promotes Baliangao
‘Banig’ weaving: Entwining tradition with art
BusinessDaily Economy
Corporate World
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CREDIBLE
Volume III, No. 222
Market Indicators
As of 5:57 pm may 27, 2013 (Monday)
FOREX
PHISIX
US$1 = P41.61
7,097.51 points
2 cents
X
171.40 points
X
Briefly USAID projects Z A M B OA N G A C i t y - - U S Ambassador Harr y Thomas and United States Agency for Inter national Develo pment (U SA I D) M i s s i o n D i r e c t o r Gloria Steele are launching three new USAID projects here in Mindanao. In a statement, the USAIDfunded Growth with Equity in M in d anao (GEM) s ai d t he projects are designed to strengthen local government units, improve youth access to education, and enhance the delivery of vital health services across conflict-affected areas of Mindanao. The three new projects are scheduled to be launched by the two officials on Wednesday. The projects to be launched as the following: Enhancing Governance, Accountability and Engagement (ENGAGE); Mindanao Youth for Development (M Y D ev); a n d , I n t e g r a t e d Maternal, Neonatal, Child Health and Nutrition/Family Planning Regional Project in Mindanao (MindanaoHealth).
Child labor THE Department of Labor and Employment (DOLE) through its Lanao del Norte provincial office is intensifying its advocacy on the eradication of child labor. The DOLE-Lanao del Norte office forged an alliance with the Department of Social Welfare and Development (DSWD) to raise awareness among Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries on the adverse effects of exposing their children to high-risk work environments. A series of community-based anti-child labor advocacy and orientation on Republic Act 9231 providing for the elimination of the worst forms of child labor and affording stronger protection for the working children and its implementing rules and regulations were held among 4Ps beneficiaries in the province recently.
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IN-DEPTH
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May 28, 2013
M’danao stakeholders push mix energy use
M
By BONG D. FABE, Associate Editor
INDANAO power players and stakeholders yesterday strongly pushed for the diversification of the island’s energy mix with a very special bias on renewable energy (RE) sources.
Supported by the Mindanao Development A u t h o r i t y ( M i n DA) , t he Mindanao Congress of t he Advocates for Rene w able E nerg y a nd Rural Electrification and Development (MinCARED) reiterated efforts in seeking for a reliable, affordable and sustainable solution to the Mindanao power crisis through tapping the island vast RE potential. “We need to be aggressive collectively in putting forth an RE roadmap to maintain a healthy mix of energ y sources for Minda nao,” MinDA Investment Relations and Public Affairs Director Romeo Montenegro told the BusinessDaily in an
interview at the sideline of t he 2nd Mi nCA R ED Congress, which started Monday. Montenegro explained that Mindanao’s situation is very unique among other ASEAN member-nations. “At present, our energy mix here in Mindanao is 60 percent RE and 40% fossil. But by 2015, this will be reversed…Other ASEAN countries are moving toward an increase in t heir R E sources. That is why we need to prevent the continued decrease of our RE sources because that is our main competitive advantage over the rest of the Philippines — cheap energy,” he said. Energy/PAGE 11
RE NEWABLE E NE RGY ADVOCATE S. M i nDA D i recto r Montenegro (R) accepts a token of appreciation from Siargao Electric Cooperative General Manager and MinCARED chair Sergio Dagooc and Dr. Ricardo Rotoras, president of the Mindanao University of Science and Technology and MinCARED co-chairman. photo by bong d . fabe
POWER CONGRESS: Keynote speaker Mindanao Development Authority (MinDA) Director Romeo Montenegro urges stakeholders to aggressively pursue an RE roadmap for Mindanao. photo by bong fabe
Alcantara group sets $1.35B for new plants C OM M I T T E D t o h e lp quench Mindanao’s thirst for power, the Alcantaraled Alsons Consolidated Resou rces, Inc. (ACR I) announced a $1.35 billion capital expenditure for the next five years to put up new power plants in the island. In a press statement, Alsons Chairman Tomas I. Alcantara said the plan is to dramatically increase their capacity to 282 megawatts
by 2016 and further put up additional plants thereafter. “Our projects already figure up to $450 million until 2016 or 2017. But if the Tampakan is in fact realized, then we will add it to the $450 million,” Alcantara said. A lsons Power sa id additional capacity will come from the diesel plant once its output is ramped up to 98 megawatts by September PLants/PAGE 11
Normin workers to get new wage hike this year By APIPA P. BAGUMBARAN Contributor
MINIMUM wage earners in Northern Mindanao will receive a new round of wage increase this year. Lawyer Johnson Cañete, regiona l director of t he Department of Labor and Employment (DOLE), said Wage Order 17 will soon be i mplemented by t he Regional Tripartite Wages hike/PAGE 11
J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY
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