BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 068
Market Indicators
As of 6:21 pm November 3, 2016 (thursday)
FOREX
PHISIX
US$1 = P48.336
7,160.91
X Briefly
11.3
91.49
cents
points
X
ARMM power projects MARAWI City -- President Rodrigo Duterte and Autonomous Region in Muslim Mindanao (ARMM) Governor Mujiv Hataman on Saturday led the ceremonial switch-on for P187.54 million worth of electrification projects in the region. The ceremony emphasizes the government’s desire to provide electricity to a total of 38,044 household beneficiaries in 21 sitios (sub-villages) in the region, mostly in conflict-affected areas. President Duterte, during his first visit on October 29, in the ARMM’s seat of government, said he will improve the situation in Moro land. Electrification is part of the Comprehensive Reform and Development Agenda for ARMM aimed at uplifting the lives of the people.
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By CARMELITO Q. FRANCISCO, Correspondent
F
ROM dearth to excess. The multi-sectoral Mind anao Power Monitor ing C ommitte e (MPMC) will meet next month to discuss the looming electricity oversupply on the southern island, including the possibility of setting up a wholesale spot market. Following tight power supply in the last five years, Mindanao is expected to have a surplus of about 1,000 megawatts (MW) by next year with the operation of several new coal-fired power plants beginning early this
year, according to an MPMC report. “If all new plants start operating as scheduled, the (current) surplus power of about 600 MW at present will balloon to 1,000 MW by next year,” said Glenn Jay A. Reston, officer in charge of MPMC. T h e “c o n s e r v a t i v e” projection for additional demand in Mindanao is 500 MW until 2020, according to Romeo M. Montenegro, deputy executive director of the Mindanao Development power/PAGE 11
Development forum A MULTISECTORAL dialogue will be held in Davao City next week to reach consensus and forge collective action from various stakeholders on urgent initiatives to flesh out the Duterte administration’s goal under its 10-point socioeconomic agenda. The Philippines Development Forum (PDF)—which is chaired by the Department of Finance (DOF)—serves as the primary mechanism for facilitating policy dialogues among all stakeholders, including the national government and local government units (LGUs), business sector, the development partner community, the academe and civil society organization, on the Government’s development agenda.
HELLO NUR. President Rodrigo Duterte calls Moro National Liberation Front (MNLF) founding chair Nur Misuari after approving the Peace Roadmap presented by Presidential Adviser on the Peace Process Jesus Dureza at the State Dining Room in Malacañan Palace on Monday evening, July 18, 2016. Beside the President is National Security Adviser Hermogenes Esperon Jr. TOTO LOZANO/PPD
The MUNICIPALITY OF OPOL, MISAMIS ORIENTAL is cited as Outstanding Local Government Unit for their Performance in Economic Enterprise Development during the recently concluded 5th Mindanao Business Leaders & Entrepreneurs Awards 2016 held at Limketkai Luxe Hotel last October 22, 2016. The LGU of Opol was adjudged for their exemplary and outstanding performance in their Economic and Enterprise Development for revenues coming from their Opol Community College and other related income generating enterprises undertaken by the LGU, furthermore the presence of more than a thousand business establishments in the community which has catapulted Opol as one the first class local government units in the Region. The prestigious award was received by the dynamic Hon. Mayor Maximino Seno. (Joe Palabao)
Main Store: Prawn House Suites and Restaurant Regatta Square, Pueblo de Oro, Cagayan de Oro City Contact Numbers: 0915-959-4837 (Mobile) & 851-9014 (Landline)
First Branch: Prawn House Seafood’s and Restaurant Opol, Misamis Oriental Contact Number at 0975-381-4929 (Mobile)
Nur is fugitive no more Court allows Misuari to take part in peace process By CAROLYN O. ARGUILLAS, MindaNews
DAVAO City -- Fugitive no more. Moro National Liberation Front (MNLF) founding chair
Nur Misuari flew out of Jolo, Sulu on board a a private jet with Presidential Adviser on the Peace Process Jesus Dureza
Second Branch: Prawn House Seafood’s and Restaurant Centrio - Ayala Mall, CM Recto Avenue, Cagayan de Oro City Contact Numbers at 0917-367-0337 (Mobile) & (088) 323-6225 (Landline)
shortly before noon Thursday, en route to Malacanang for a meeting with President Rodrigo Duterte on the next steps for peace. nur/PAGE 11
Third Branch: Prawn House Seafood’s and Restaurant Sayre Highway, Hagkol, Valencia City, Bukidon Contact Number at 0995-672-0181
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