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BusinessDaily CREDIBLE
Volume III, No. 206
Market Indicators As of 6:35 pm may 5, 2013 (Sunday)
FOREX
PHISIX
US$1 = P40.91
7,215.35 points
14 cents
X
121.93 points
X
Briefly Road ‘facelift’ AN official of the Department of Public Works and Highways (DPWH) on Friday ordered the district engineers to repair and maintain national roads in this city. Evelyn Barroso, DPWH regional director, told the district engineers and employees of DPWH District 1 and 2 to support the move to “facelift” the main thoroughfares of the city here. “We reside in this place. We have our families here so it’s just proper for us to take the lead in beautifying Cagayan de Oro City through a clean superhighway,” said Barroso. “Smooth and well paved roads with defined curb and gutter,” said Barroso adds that she dared the two district engineers during the district engineers meeting.
Power coop appeal DIGOS City -- The Davao del Sur Electric Cooperative, Inc. has asked for public understanding and patience on the continuing brownouts in the province. DAS U R EC O g e n e r a l manager Engr. Godofredo Guya raised the need for the residents to be more enduring of the power situation as they announced through text blast to the media that the province could experience longer brownout period starting April 25. Guya explained that the prolonged brownout was due to “severe power supply deficiency” after two of the four power barges of its supplier Therma Marine, Inc. were damaged. Since March this year, DASURECO has imposed intermittent power outages that last for two to three hours following an advice from the National Grid Corporation of the Philippines (NGCP) due to power shortfall in Mindanao.
RELIABLE
Cagayan de Oro City
IN-DEPTH
Monday
P15.00
May 6, 2013
Bizmen decry CAAP’s bid to handle airport
C
By MIKE BAÑOS Editor-at-Large
IVIL society leaders have decried the national government’s recent decision to let the Civil Aviation Authority of the Philippines operate and maintain the new Laguindingan Airport. Bizmen/PAGE 11
Ayala Land’s envisioning Laguindingan Airport as an aerotropolis is gaining headway as gathered in its latest investors briefing with map shown above indicating their existing properties and planned acquisition around the airport complex. photo courtesy of damarre cdo/cdodev.com
SUNRISE. The sun rises as local fishermen in Brgy. Bonbon, Cagayan de Oro City get ready to sail. photo by gerry lee gorit
NGCP says they are not remissed on ASPA refund
Oil palm industry improves lives of IPs, farm workers (Second of 3 parts)
By MIKE BAÑOS, Editor-at-Large
By CHRISTINE H. CABIASA, Reporter
Amidst published reports that the oil palm industry destroys t he ancestra l dom a i n a nd l i ve s of indigenous peoples (IPs) in hinterland areas, A Brown Energy Resources Development Inc., (ABERDI), a subsidiary of A Brow n Group of Compa nies, sa id t hey have been const a nt ly palm/PAGE 11
Datus of Higaonon Tribe in consultation with ABERDI officials.
THE National Grid Corporation of the Philippines (NGCP) maintains it has not been rem iss i n it s obligations with regards to the mandated refund of P392 million ordered refunded by the Energy Regulatory Commission (ERC). The NGCP submitted on April 17, 2013 its recalculation of t he overcha rge s for a nci l la r y ser v ices, in compliance with an order from the ERC received July
9, 2012. “[NGCP) was tasked to track down the consumption of each of its load customers, then figure out how much of t he overcha rges per billing period corresponds to each of its Mindanao load customers,” said Atty. Cynthia P. Alabanza, NGCP Spokesperson and Adviser for External Affairs. “It is a not neither a simple nor a minor matter. And NGCP ngcp/PAGE 11
Oro, Misor record high tourist arrivals By MARIE-ZIL G. MALINAO, Contributor
J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY
T H E C a gaya n de OroMisamis Oriental cluster was the most favored by foreign tourists among the other clusters in Northern Mindanao during the year
2012, the National Economic Development Aut horit y (NEDA) said. Data gathered by NEDA from the Department of Tourism (DOT) in the region
show that 74 percent of the 61,113 foreign tourists or 45,244 went to the Cagayan de Oro-Misamis Oriental last year. record/PAGE 11
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