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‘BusinessWeek’ Archives



Solon urges PH to join TPP ‘with reservations’
Read 3,119 times | Posted on November 13, 2015 @ 3 years ago

By BONG B. FABE, Contributing Editor

CAGAYAN de Oro Representative Rufus Rodriguez urged the Aquino administration to pursue its ambition of joining the 12-nation Trans-Pacific Partnership to boost the Philippines’ development and progress. (more…)



LGUs urged to come up adaptable methods to disaster-proof villages
Read 2,663 times | Posted on November 13, 2015 @ 3 years ago

By ANTONIO L. COLINA IV, Mindanews

DAVAO City — Mindanao stakeholders are encouraged to come up with a better “plan, priority, and practice” in terms of disaster-proofing the communities to improve their adaptability to climate change and ensure food security.
At the second day of the two-day 1st Mindanao River Basin Organization Conference held at the Grand Regal Hotel on November 11 to 12, Jose Maria Lorenzo Tan, vice chairman and chief-executive-officer of the World Wide Fund for Nature (WWF) in the Philippines, told reporters that there will be more typhoons with the same or stronger intensity as Yolanda that ripped through the Central Visayas in 2013.
“Change in heat will have the change in extreme weather. Storms become stronger and stronger every year. We have seen typhoons over short period, over three typhoons every year,” he said before over 240 river basin stakeholders coming from all over Mindanao.
For the last three months, he said a shift of direction of weather patterns has been observed going towards Mindanao, an island region that used to be free from typhoons for several years.
“Mindanao has seen Pablo and it won’t be the first one,” he said.
Tan, however, added that the sea level must also be considered when bracing for disasters because the sea level for every area would vary depending on the area.
“The sea levels are not the same, sea level changes in every part of Mindanao,” he said.
In Davao City, where a jump in population is expected over the years brought about by migration from Luzon, Tan said it is important that the people should understand the concept of “biocapacity,” defined by the WWF as “the capacity of ecosystems to produce useful biological materials and to absorb waste materials generated by humans, using current management schemes and extraction technologies.”
With the rise in population, Tan also said that the food, energy, and water are interrelated and crucial in Mindanao.
“If you look at food, look at how much of this are agriculture. It is very clear that Mindanao should learn how to integrate water and energy planning,” he said.
He also pointed out that it is necessary not to push the sustainable limit of the natural resources.
For instance, he explained that local governments must look at other sources of potable water other than what is existing to possibly lessen the risks of overusing the ground surface water.
“We have to learn multi-sourced water supply option for Mindanao. We cannot do what it was, in the future,” he said.
“If we talk about planning, practice, priority, the importance is how do you encourage the private (sector) to think about careful what they wanna do,” he said.



NGCP seeks help to secure towers
Read 2,750 times | Posted on November 13, 2015 @ 3 years ago

By CRIS DIAZ
Contributing Editor

OFFICIALS of the National Grid Corporation of the Philippines (NGCP) are seeking the assistance of the military to secure dozens of transmission towers in Mindanao.
Elizabeth Ladaga, NGCP’s corporate communication head, said on Thursday that unidentified culprits tried to topple down another transmission tower in Patani, Marawi City, in Lanao Del Sur last Tuesday.
According to Ladaga, the incident caused power interruptions in some parts of Mindanao, which was restored in the afternoon of Nov. 9, after NGCP implemented temporary measures to transmit power produced by Agus 1 and Agus 2 hydropower plants to the rest of Mindanao.
She said that the incident took place eight days after three NGCP towers were filled with explosives in the same area.
While the explosion did not topple the tower, the damaged it sustained caused it to lean, putting the transmission facility in a more critical condition, Ladaga said.
She said that the NGCP has issued a public appeal to help monitor the safety of the towers so that transmission services remain uninterrupted.
Sometimes the restoration of transmission services to affected areas were likewise hampered by uncooperative landowners who are preventing NGCP from conducting much needed vegetation clearing activity, she said.
The NGCP has also repeatedly appealed to the government and the Philippine Army for assistance in resolving the escalation of security problem and right-of-way issues in Mindanao.
Ladaga said that elements of the Philippine Armed Forces are currently assisting NGCP in entering the properties of the uncooperative landowners to expedite restoration. (PNA)



Legal recourse sought vs expensive contracts
Read 2,718 times | Posted on November 11, 2015 @ 3 years ago

By MIKE BAÑOS, Editor-at-Large

A COALITION of power advocacy groups will bring to court power distributors who have entered into power supply contracts without bidding. (more…)



Sarangani plant to help rates fall P0.60/kWh in Mindanao
Read 2,369 times | Posted on November 11, 2015 @ 3 years ago

By CARMELITO Q. FRANCISCO, Contributor

AN estimated 60-centavo per kilowatt-hour (/kWh) reduction in rates is expected in General Santos City, Sarangani province and parts of South Cotabato by next year when Sarangani Energy Corp. (SEC) starts commercial operations of the first 105-megawatt (MW) unit of its coal-fired power plant. (more…)



Alsons nets P685M, up 19% in 9 months
Read 641 times | Posted on November 11, 2015 @ 3 years ago

By MYRNA VELASCO
Contributor

THE higher dispatch of its diesel-fired power facilities had mainly shored up the nine-month profitability of Alsons Consolidated Resources Inc. (ACR) this year, rising 19-percent on its consolidated net income to P685 million from 2014 level of P574 million. (more…)



Italpinas execs bullish: Debut in stock market to boost expansion
Read 711 times | Posted on November 09, 2015 @ 3 years ago

By MARK D. FRANCISCO, Staff Writer

TOP officials of Cagayan de Oro City-based developer Italpinas Development Corporation have expressed confidence that the company’s debut in the stock market would give a big boost to their expansion plans in the next few years. (more…)



ICT industry offers top career opportunities but talent pool not sufficient
Read 615 times | Posted on November 09, 2015 @ 3 years ago

By ANTONIO L. COLINA IV, MindaNews

DAVAO City – The information communications technology (ICT) industry offers highly competitive career opportunities but only a limited number will land jobs because the talent pool may not match with the most in-demand and hard-to-fill jobs, an official of an IT organization said. (more…)



ARMM offers duty-free importation incentives for regional investors
Read 525 times | Posted on November 09, 2015 @ 3 years ago

COTABATO City — The Autonomous Region in Muslim Mindanao (ARMM) is offering duty-free importation of identified materials and equipment following the signing of a Joint Memorandum of Agreement (JMOA) between the Regional Economic Zone Authority (REZA)-ARMM and the Bureau of Customs in this city, Friday. (more…)



Power supply assured in M’danao for polls
Read 586 times | Posted on November 04, 2015 @ 3 years ago

By Juzel L. Danganan

THE Department of Energy (DOE) is working on stabilizing power supply in the Mindanao grid to ensure there is sufficient energy supply for the elections next year. (more…)

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