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Issue No. 131, Volume III •
Cagayan de Oro City
Monday-Tuesday
every Mondays, Wednesdays, & Fridays
November 26-27, 2012
P15.00
Market Indicators As of 5:45 pm Nov. 23, 2012 (Friday)
FOREX
PHISIX
US$1 = P41.05
5,552.34 points
X X Briefly 3 cents
28.97 points
13th month pay
THE Department of Labor and Employment (DOLE) is reminding all employers of the guidelines in the granting of the 13th month pay of their employees. Labor Secretary Rosalinda Dimapilis-Baldoz said all the rank-and-file employees in the private sector are entitled to 13th month pay on or before Dec. 24 of every year. Baldoz said these employees are entitled to such payment regardless of their position, designation or employment status, and irrespective of the method by which their wages are paid, provided that they have worked for at least one month during the calendar year.
Apex Mining
TAGUM City -- Apex Mining has downloaded at least P45million as of October 2012 for the intended share of the Indigenous Peoples (IPs) in Compostela Valley (ComVal) in the income of the company’s mining venture in the area. “But we are still determining how the funds will be best used for the benefit of the IPs,” National Commission on Indigenous Peoples (NCIP) ComVal Provincial Officer Shirley B. Iguianon said. The NCIP is however faced by the challenge of determining the appropriate amount of money that should go to the IPs as their share considering that it is determined by the revenues declared by the mining companies to the Bureau of Internal Revenue.
Power control system
THE National Grid Corporation of the Philippines (NGCP) recently upgraded its control system for the Balo-i Substation in Lanao del Norte in a move to increase the reliability of the entire Mindanao Grid. Since NGCP and its technical partner State Grid Corporation of China (SGCC) started working together in 2009, many changes have been implemented in terms of systematically improving operations and management to build a stronger power grid.
By BONG FABE, Correspondent
W
(First of Three Parts)
ITH Mindanao’s power demand forecasted to increase by 2,600 megawatts (MW) in the next 18 years, proponents and advocates of clean renewable energy sources in the southern Philippine island are urging the Department of Energy (DoE) to follow its own Philippine Energy Plan (PEP) 2009-2030 and not add to the power woes of the country’s second-largest island group.
TRUCK-HOUSE? A bamboo hut sits on top of a decommissioned truck along Corrales Avenue in Cagayan de Oro City on Friday. The house comes complete with a comfort room, kitchen and laundry space. The owner of the truck has made this hut his home for about nine months. photo by gerry gorit
NorMin is Mindanao’s most productive, profitable region By APIPA P. BAGUMBARAN Contributor
NORTHERN Mindanao is the most labor productive and profitable among the
regions in Mindanao, the National Statistics Office (NSO) report said last week. According to the NSO, Northern Mindanao recorded
the highest in revenue per worker, value added per worker, average revenue per establishment, and avnormin/PAGE 10
The PEP 2009-2030 “ensures the best energy choices for a better quality of life” of Filipinos as well as highlights “the plans and programs
of the energy sector to fuel support for the economic growth of the country for the period 2009-2030.” power/PAGE 10
(L-R) MyPhone President Jaime Alcantara, actress Karla Estrada, Daniel Padilla and MyPhone VP for Business Development Sales & Marketing Richie De Quina. A dvertorial
Actor Daniel Padilla joins rank as MyPhone endorser ACTOR Daniel Padilla joins the rank of celebrity endorsers of the first and
leading Filipino dual-SIM phone brand in the counpadilla/PAGE 10
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