BusinessWeek Mindanao (May 17, 2013 Issue)

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BusinessWeek MINDANAO

YOUR LOCAL DAILY BUSINESS PAPER

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Volume III, No. 215

Market Indicators

As of 5:56 pm may 16, 2013 (Thursday)

FOREX

PHISIX

US$1 = P41.22

7,310.94 points

X

2 cents

81.26 points

X

Briefly NGCP honors linemen THE National Grid Corporation of the Philippines (NGCP) showcased their linemen’s expertise during the 1st Lineman’s Skills Competition held at their Lineman’s Academy in Maria Cristina, Iligan City last April 23 to 25. Nicknamed “Lineman’s R o d e o ”, t h e eve n t wa s conceived as an alternative training approach and institutionalized as a venue for knowledge-sharing and skills enhancement. It was designed to display the unique skills and talent of linemen that are rarely seen by the public. The competition was also an opportunity for NGCP customers and stakeholders to bet ter appreciate the intr i c ac ies and r i sks of transmission line operations and maintenance.

Accreditation THE Department of Trade and Industry (DTI) has reminded contractors accredited with the Philippines Contractors Accreditation Board (PCAB) to renew their accreditation to avoid delays in processing and penalties imposed on late registrants. Starting last February 1, the PCAB has been accepting renewal applications for c o n t r a c t i n g f i s c a l ye a r (CFY) 2013-2014 under the following schedules: those with licenses ending in 0 to 1, February; those ending in 2 to 3, March; 4 to 5, April; 6 to 7, May, and 8 to 9, June. DTI Regional Director Nazrullah Manzur on T h ur s d ay s a i d t h at t h e new applications approved between January to June this year are included among those who are required to renew in June. Manzur said that renewal applications of late filers shall be segregated from regular filers and will be imposed with corresponding penalties.

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Group bewails okay of mining firm operation May 17, 2013

By BONG D. FABE, Associate Editor

A

N anti-mining group yesterday questioned the Mines and Geosciences Bureau’s (MGB) decision to allow Siana Mines to continue operation in Surigao del Norte despite historical reports of mine floodings and underground fire.

The Alyansa Tigil Mina (ATM) said such approval shows the MGB’s carelessness. “ This is ver y terrible t hat t he government has been very careless in its issuances to mining companies. Unfortunately, as in the earlier years of mines, the DENR and MGB seem to have forgotten their role to ensure that the environment is secure in balancing this destructive and exploitative industry,” said Jaybee Garganera, ATM national coordinator. Garganera also said that it is very alarming that MGB is silent about recent reports of land instability in Siana Mines since April. Reports gat hered by ATM said that Red5 Limited, owner of Siana Mines, suspended last month its milling operation because of the instability of the tailings dam. ATM said t hat Siana Mines in Surigao del Norte is an abandoned mine previously operated by Surigao Consolidated Mining Co., Inc. which was first opened in the 1940s. However, it closed down during World War II mining/PAGE 11

Siana River, which flows directly to Mainit Lake, has been the site of gold mining operations in the past decades.

More power coops to buy gensets MORE and more electric cooperatives are up to buy generator sets to beef up their power supply. In Davao, t hree local utilities are ready

t o a c q u i r e m o du l a r generating sets (gensets) to provide additional supply of power to their franchise areas, an official from the Energy department said

Klarex to continue scholarship program By BONG D. FABE, Associate Editor

Newly-proclaimed representative of Cagayande Oro’s second district Klarex Uy (R) with Mayor-elect Oscar Moreno vows to continue schalarsip programs. photo by bong d . fabe

NEWLY-proclaimed Rep. Rolando “Klarex” Uy (1st District, LP) yesterday said he will continue “educating our young people” through his scholarship program, which was discontinued by dethroned Rep. Jose Benjamin Benaldo in 2010, thereby depriving thousands of “Klarex scholars” of the opportunity to chart a bright future. “We will have a new batch of scholars beginning this school-year,” he told the Mindanao Business Daily. Uy said that although he will begin serving again as the first congressional district’s program/PAGE 11

late Tuesday. Irma C . E xconde, Department of Energy (DoE) assistant director for E lec t r ic Power Industry Management Bureau, said that the t hree ident i f ied ECs a lready submitted board resolutions to the department indicating their interest to acquire modular gensets. “Our basis is the board

resolution of the ECs. Three of them already submitted but we expect more of them to submit within the month,” Ms. Exconde told reporters in an interview in Quezon City. The Energy official identif ied the ECs as Davao del Norte Electric Cooperative, Inc.; Davao del Sur Electric gensets/PAGE 11

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

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