BusinessWeek Mindanao (January 21-22, 2013 Issue)

Page 1

up to 15% discount on downpayment downpayment-up to 12-24 months to pay balance payable in 10 years @ 10% flat rate

TM

GREEN RESIDENCES IN CdO

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

As of 5:57 pm Jan. 18, 2013 (Friday)

FOREX

PHISIX

US$1 = P40.57

6,139.21 points

X X Briefly 5 cents

67.03 points

Mini-hydro plant

THE city council has endorsed a proposal to construct a mini-hydroelectric plant in anticipation of the projected power shortage in the next two years. Councilor Prexy Elipe, chair of the Committee on Energy, said the proposed mini-hydro plant would be located in Limbatangon, in the upper part of the Cagayan de Oro River, southwest of here. He said the Turbines Resource and Development Corporation (Turedeco) has submitted the proposed technical plan for the construction of the mini-hydro plant. The city council, through approved Resolution No. 7025–2005, endorsed Tudereco’s “Hydroelectric Generating Project,” Elipe said.

Camiguin investments

THE province of Camiguin reported good figures in capital investments for the year 2012, growing P236-million richer in the infrastructure and ser vices sector when compared to the investments that poured in 2011. The sector posted a total of P434-million investments last year while capital investments in trading, agriculture, consumer/manufacturing and servicing sectors likewise posted huge increases. Trading sector re flected a growth P130 million from P20 million in 2011 to P150 million in 2012, while agri-based investment grew to P18 million from the recorded capital investment of P10 million in 2011.

every Mondays, Wednesdays, & Fridays

Aboitiz sells half of coal power in 2 mos

Issue No. 153, Volume III •

Market Indicators

Now

Cagayan de Oro City

Monday-Tuesday

January 21-22, 2013

P15.00

• Napocor assures Agus 6 rehab wont affect Mindanao power supply

A

By ALLAN LEGASPI, Reporter

BOITIZPOWER subsidiary Therma South Inc., signed close to half of its capacity in a little over two months, underlining the need for a reliable baseload capacity in Mindanao to solve the island’s ongoing power crisis.

TSI, which is building its 300-MW clean coal power plant in Davao City, signed power supply contracts worth 141 MW with eight Mindanao electric cooperatives and distribution utilities between October 25 and December 18, 2012. The contracts, including the rates for the power supply, will be subject for review and approval by the Energy Regulatory Commission (ERC). “We are greatly honoured by this trust of our customers

and we will continue to work hard to build a world-class power plant that the people of Mindanao will be proud of,” Therma South President and Chief Operating Officer Benjamin A. Cariaso Jr. said. “Most of these customers have already experienced the reliable and dependable service of AboitizPower through their existing contracts with Therma Marine. We, at Therma South, will live up to these very high expectations as befitting an aboitiz/PAGE 7

HOUSEWARMING PARTY INVITATION. This Typhoon Pablo survivor repairs what’s left of his house, not for any scheduled housewarming party with friends, but to have a shelter enough to shield him and his family from the elements in Barangay Ban-ao, Baganga, Davao Oriental. photo by bong d . fabe

Globe posts strong Mindanao IDP program hailed gains in quality test as model for relief and rehab By BUTCH D. ENERIO, Correspondent

THE two leading telecommunication companies in the country got passing marks after the National Telecommunications Commission (NTC) conducted the 4th quarter 2012 Quality of Service (QoS) Benchmarking Tests on the telco industry

networks in 16 cities and one municipality of the National Capital Region. According to the NTC, both Smart and Globe got passing marks in these tests conducted last December, involving postpaid subscribgains/PAGE 7

A PLACE CALLED HOME. A new home provides Kadiguia Zambaga’s family renewed hope for something better ahead after sharing a shelter with five other families for the past three years. M inDA

DAVAO City -- Top officials from international donor communities commended the Early Recovery and Rehabilitation for Central Mindanao (ERRCM) Programme for its successful facilitation of at least 65,000 internally-displaced people (IDP) in Central Mindanao, and hailed the program as a model for future relief and rehabilitation initiatives in the country. Toshihiro Tanaka, United Nations Development Program (UNDP) Country Director for the Philippines describes the Program/PAGE 7

‘Pablo’ destroys P7-B worth of Banana farms

BAGANGA, Davao Oriental—At least P7 billion worth of banana plantations in Mindanao were destroyed by Typhoon Pablo (Bopha) farms/PAGE 7

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


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
BusinessWeek Mindanao (January 21-22, 2013 Issue) by Mindanao Daily News - Issuu