INSIDE LOOK
Property developer hikes capex
Q1 tourist arrivals validate ‘More Fun’ with 1.27M visitors
DENR backs solid waste plan
Kris Aquino eyes investment in Sarangani’s Gumasa beach district
First NBA Cafe in Asia to open in the PH
BusinessDaily Economy
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Corporate World
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CREDIBLE
Volume III, No. 207
Market Indicators As of 6:35 pm may 5, 2013 (Sunday)
FOREX
PHISIX
US$1 = P40.91
7,170.65 points
14 cents
X
44.70 points
X
Briefly
News
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Eco-Business
RELIABLE
Cagayan de Oro City
Tuesday
Sea travel DAVAO City -- The Maritime Industry Authority in Davao Region sworn in their respective professions Thursday 101 deck and 102 engine officers in an unprecedented move to professionalized domestic sea travel. Atty. Gloria Banas, deputy administrator for operations of the Marina who presided over the oath-takingceremony spoke with pride on the achievement of the Marina XI in professionalizing the ranks of local seafarers. She said the activit y realizes one of the Marina’s objectives to promote safety of life and property at sea. “ I hope that as boat officers, you continue to act responsibly for the safety of your passengers at all times,” Banas said.
Billboard
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IN-DEPTH
P15.00
May 7, 2013
IN TIME FOR MAY 13 ELECTIONS:
50mw barge back online By CHIRSTINE CABIASA, Reporter
M
INDANAO consumers ge t si g h of re l ief after Aboitiz Power subsidiary, Therma Marine Inc. (TMI), puts back online one of its power barges after undergoing repairs that lasted about a month.
Land titles CARMEN, Agusan del Norte -- A total of 54 farmers from Brgy. Manoligao, Carmen, Agusan del Norte received their individual certificates of land ownership award (CLOA) following the handing-over ceremony in the barangay multi-purpose building on Thursday. Department of Agrarian Reform (DAR) Regional Director Faisar Mambuay led the distribution with Carmen Vice Mayor Willy Taglocop and DAR Asst. Regional Director Andre Atega, covering 95 hectares of agricultural land. Mambuay congratulated the recipients emphasizing the confidence it will bring if the name is printed in the title. “I hope this is just the start, as I intend to come back with more support services for the area,” said Mambuay in his message. He al so en c ourag e d the beneficiaries to stay united in their cooperative as government projec ts are coursed through organizations.
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In a press statement yesterday, Therma Marine President Jovy Batiquin said the Mindanao grid is getting back 50 megawatts (MW) of electricity supply from its power barge moored in Maco, Compostela Valley, just in time for the May 13 elections. The returning capacit y has been distributed to 23 electric cooperatives and distribution utilities who have signed up with Therma Marine since last weekend. Hard hit areas like Gen. Santos City and Zamboanga City, both experiencing up to eight hours’ brownouts every day will have some relief, with the additional capacity from Therma Marine. South Cotabatao Electric Cooperative 2 Host community fishermen in Maco, Compostela Valley harvest bangus from fish cages installed (Socoteco) will gain additional 8 MW. This around the Therma Marine barge. file photo will bring its Therma Marine capacity to 30 MW, out of the 112 MW peak demand of the area. For Za mboa nga Cit y Electric Cooperative, Therma Marine capacity By MIKE BAÑOS, Editor-at-Large Development 2013 held here on April 29, Romeo will go back to 18 MW, from the previous M. Montenegro, director for Investment Promotion 11 MW. The area’s peak demand is 85 MW. THE government has not acted on proposals to move and Public Affairs of the Mindanao Development Majority of the power supply in the power barges based in the Visayas to Mindanao as Authority, said it is not feasible to move those barges two cooperatives, as well as the rest of Mindanao, is supplied by governmenta short-term solution to the island’s power crisis here at this time. because it would take too long and would be too “It will cost up to P1.6 billion to rehabilitate each owned National Power Corporation. expensive. of the 32-megawatt (MW) power barges, excluding TMI Chief Operating Officer Jovy During a press conference for the launching the cost of transferring and mooring them to new P. Batiquin said the repair works were completed ahead of schedule and additional of the Mindanao Congress of the Advocates for locations in Mindanao,” Mr. Montenegro noted. Renewable Energy and Rural Electrification & barge/PAGE 11 Power/PAGE 11
MinCARED: Power barge transfer expensive
Davao consumer groups to Mindanao industries turn to solar energy federate for stronger voice By CARINA L CAYON, Contributor
DAVAO Cit y -- The 24 consumer organizations (COs) in Davao Region are
forming a federation in a bid to make a stronger stance davao/PAGE 11
J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY
By MIKE BAÑOS Editor-at-Large
WITH t he primar y source of its power mix compromised by climate change, two industries in one of the regions in Minda nao ha rdest hit by the perennial energy shortage are turning to solar energy. Cargill Oil Mills Philippines Inc., one of t he top 20 compa nies operating in General Santos City, recently visited the only grid-connected solar
energy plant in the country in this city for a first-hand
look at what it hopes would solar/PAGE 11
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