BusinessDaily Mindanao (May 9, 2013 Issue)

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INSIDE LOOK

Your dream vacation unfolds at Stargate

Inflation eases to 2.6% in April 2013

BMW Car Club of the Philippines holds tenth Bimmerfest

M’nao coops can tap cheaper solar energy in lieu of DOE’s modular gensets

Rodriguez to PNoy : ‘Resolve all issues’ before opening Laguindingan Airport

BusinessDaily Economy

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Motoring

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CREDIBLE

Volume III, No. 209

Market Indicators

As of 6:05 pm may 8, 2013 (Wednesday)

FOREX

PHISIX

US$1 = P40.83

7,172.34 points

4 cents

X

26.22 points

X

Briefly Tech-voc training A TOTAL of 3,471 young people, ages 18-30, underwent technical-vocational training under the joint program of the Technical Education and Skills Development Authority (Tesda) and the Department of Social Welfare and Development (DSWD) dubbed Cash for Training Project (C4TP). C4TP is a training program that responds to t h e g ove r n m e n t ’s t h r u s t i n p r ov i d i n g s u s t a i n a b l e intervention to improve the plight and condition of the youth and empower them through skills training and assistance towards gainful employment and entrepreneurial activities. It intends to assist 4,695 youths in the region who cannot afford to enroll in degree programs and who wish to find employment. The beneficiaries for the C4TP are divided among the five provinces of the region as follows: Bukidnon - 1,050 , Camiguin - 250 , Lanao del Norte - 925 , Misamis Occidental - 893 , and Misamis Oriental - 1,577. These beneficiaries will become certified Tesda Specialitas by this month.

Action center FOUR functional teams are currently manning the newly reactivated the Department of Agriculture Central Action Center (DACAC) for disaster preparedness and response. It is operating 24/7 and running in all provinces within the region, with Misamis Oriental and Camiguin operating jointly. Au d y M a a g a d o f t h e Department of Agriculture region 10 repor ted during the recent technical working group meeting of the Regional Disaster Coordinating Council (RDRRMC), here in the city, that their agency’s action calamity core team is now doing briefing to the different local government units (LGUs) on profiling, data base, and mapping of highly vulnerable areas. They also provide them damage assessment report format/matrix to facilitate easier and faster consolidation of reports.

News

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Congress Watch

RELIABLE

Billboard

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IN-DEPTH

P15.00

Electric coops urged to tap solar energy Cagayan de Oro City

Thursday

May 9, 2013

R

By MIKE BAÑOS, Editor-at-Large

UR AL electric cooperatives in Mindanao should seriously consider renewable energy options to mitigate the effects of their long-term supply contracts with coal-fired power plants and as a faster and cheaper alternative to the modular diesel generators being pushed by the Department of Energy (DOE).

SOLAR PROJECT. Engr. Winston Mendoza (L), chairman of Lim Solar Philippines, talks with Engr. David A. Tauli, an engineering consultant, during the “lunch and learn” session with private investors and electric cooperatives officials. Tauli endorses the Lim Solar Philippines’ business model since it is cheaper than coal and/or modular gensets. photo by bong d. fabe

BOC-10 posts P5.7-B collections in 2012

In a recent communication to t he S out h C ot abato II Elec t r ic Cooperat ive (S o c ot e c o I I) a nd t h e Zamboanga City Electric Cooperative (Zamcelco) Engr. David A. Tauli, engineering consultant with the Office of Rep. Florencio T. Flores, Jr. (2nd District, Bukidnon) endorsed the business model of Lim Solar Philippines which he says is cheaper than both coal and the modular

POLL WATCH

gensets. “I find their proposal appropriate for bot h SOCOTECO 2 and ZAMCELCO, who are the only electric cooperatives in Mindanao that have longterm contracts with coal plants,” Mr. Tauli noted. “It is certainly better than the offer being touted by the DOE for ECs to purchase modular diesel generating energy/PAGE 11

ADVERTORIAL

By APIPA P. BAGUMBARAN Conributor

THE Bureau of Customs (BOC) Regional Office 10 posted a total collection of P5.7 billion in 2012, up by 10 percent compared to the total customs collections recorded in 2011. Records from the BOC-10 show that while there was a slowdown in collections in the fourth quarter of 2012, the annual figure still exceeded the BOC’s annual target by P181 million. The same records further show that collections in

Cagayan de Oro Port and the sub-port in Iligan City went down by 19 percent and 23 percent, respectively. The decrease in Cagayan de Oro Port, from P969.1 million to P789.5 million, was due mainly to the stoppage

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

of the importation of palm oil in mid-2012, the BOC-10 said. This commodity accounted for 29 percent of the region’s base port’s total collections in 2011. BOC/PAGE 11

Rodriguez bats P4.8B budget for NHA in Normin next year

CAGAYAN de Oro Cit y Rep. Rufus Rodriguez (2nd District) batted for a P4.8 billion budget for the National Housing Authority (NHA) in Bats/PAGE 11

Iligan City Vice Mayor Henry C. Dy receives a cheque worth P1 million from Michael Regino (right) and Frederick Cerro (not in photo), who both represented LP senatorial candidate Cynthia Villar, managing director of Villar Foundation, for the establishment of a memorial for the victims of Typhoon Sendong in Iligan City. The same memorial has been put up in Cagayan de Oro City last October. photo by shaun alejandrae uy

Villar Foundation turns over P1M for Iligan City Sendong memorial ILIGAN CITY – The City government of Iligan has expressed gratitude to the Villar Foundation for the

release of the cheque worth P1 million to put up the memorial for the victims of Villar/PAGE 11

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


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