BusinessWeek M I N DA N A O CREDIBLE
Volume XIV, No. 138 AS OF 6:00 PM MAY 4, 2023 (THU)
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Briefly Employment aid ZAMBOANGA City – The Department of Labor and E m p l oy m e n t i n R e g i o n 9 (DOLE-9) has released some P43.5 million worth of livelihood and emergency employment assistance coinciding with the Labor Day celebration in Zamboanga Peninsula. Engr. Wesley Tan, labor and employment officer of DOLE-9, said Monday that 80 percent of the P43.5 million was distributed to 9,328 beneficiaries of livelihood and emergency employment assistance in this city. The 20 percent or more than P8.7 million was released in the provinces of Zamboanga Sibugay, Zamboanga del Norte and Zamboanga del Sur, and Isabela City.
Reforestation A POWER firm and a nongover nment organization have agreed to implement a reforestation and carbon sink project in Bukidnon province, a known sanctuary of the Philippine eagle. In a statement Wednesday, Filinvest Development - Misamis Power Corp. (FDC Misamis), said it has par tnered with the Philippine Eagle Foundation (PEF) for the 20-hectare reforestation and carbon sink project located in Barangay Guilang-guilang, Manolo Fortich, Bukidnon. Under a signed memorandum of agreement, the PEF will lead the reforestation of the grasslands, planting endemic species within the next three years, while FDC Misamis will provide funding for the entire project.
El Niño advisories THE Office of Civil Defense (OCD) reminded the public to heed authorities’ advisories on El Niño and implement necessary measures in preparation for the impacts of the phenomenon. This came after the Philippine Atmospheric, Geophysical and Astronomical Ser vices Administration (PAGASA) raised its monitoring status from El Niño watch to El Niño alert on Tuesday. In a memorandum dated May 3, the National Disaster Risk Reduction and Management Council (NDRRMC) directed regional DRRMCs and OCD regional offices to implement preparedness actions which include close monitoring of war n i n g s fr o m PAG ASA , issuance of reminders on water and energy conservation, the maintenance of water distribution systems to prevent wastage.
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Mindanao posts 7.2% GRDP growth in 2022 www.businessweekmindanao.com
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AVA O C i t y – Mindanao has once more demonstrated its worth as a key contributor to the country's economic growth by posting 7.2 percent Gross Regional Domestic Product (GRDP) last year. In a statement Wednesday, the Mindanao Development Authority (MinDA) pointed to the " much - i mprove d p e a c e and order" situation in Mindanao in recent years as one of the main contributing factors to the island region’s economic growth. Despite the challenges posed by the coronavirus disease 2019 pandemic, MinDA pointed out that Mindanao has shown resilience and adaptability in its economic activities, thereby attracting more investors and tourists to the area. The Philippine Statistics Authority (PSA), in GRDP/PAGE 7
HUGYAW SA KADAGATAN. Barangay Libertad in Kauswagan, Lanao del Norte parades their raft that bagged the top prize during the town’s Hugyaw sa Kadagatan Festival marking the town’s 75th founding anniversary and Feast of San Vicente Ferrer on April 25, 2023. MindaNews photo by RICHEL V. UMEL
NGCP energizes Vis-Min French company invests in PH’s first hydrogen interconnection project plant in Zambo Sibugay By MARIVIC OMANDAM DAVIS MindaNews
ILIGAN City — The National Grid Corporation of the Philippines (NGCP) energized last week the P52billion Mindanao-Visayas Interconnection Project (MVIP), an undertaking that the power firm expects to improve power stability and reliability across the country.
An initial load of 22.5 megawatts (MW) was carried by the high-voltage submarine and overhead lines from Mindanao to Visayas during its energization on 30 April 2023. “We expect to gradually increase the MVIP’s transfer capacity to 50MW by midMay, and 112MW by the end of the month, before energizing to its full transfer
capacity of 450MW by the third quarter of this year,” the company said in a press release on Wednesday. The MVIP is comprised of a 184 circuit-kilometer (ckm) High-Voltage Direct Current (HVDC) submarine transmission line connecting the power grids of Mindanao and Visayas with a transfer capacity of 450MW NGCP/PAGE 7
By ANTONIO L. COLINA IV MindaNews
DAVAO City – The French company Hydrogène de France (HDF) will construct a P5-billion renewable-energy power plant in the province of Zamboanga Sibugay that will generate power from water, an official of the Mindanao Development Authority (MinDA) said on Wednesday. Carlos Cerezo, MinDA’s area management office head
for Western Mindanao, said during “Wednesday at Habi at Kape” that the foreign direct investor would build a “hydrogen Renewstable” plant, the country’s firstever hydrogen power plant that can supply power to the province. The Philippine Information Agency, in its website, reported that the proposed plant will be built in PLANT/PAGE 7
BUTUAN City – Active coronavirus disease 2019 (Covid-19) cases in the Caraga Region increased to 201 as of May 1, the Department of Health in the Caraga Region (DOH13) reported Tuesday. In a statement, the DOH-13 said the current figure is 71 cases higher compared to the previous count of 130 on April 24. DOH-13 said the newly-recorded active cases brought the total cases in the region to 63,651 since
the Covid-19 pandemic was declared in the country in March 2020. A single death caused by the disease was also recorded in the area last week, bringing the total number of deaths to 2,389 since the pandemic was declared in early 2020. Meanwhile, 44 patients recuperated from the disease from April 24 to May 1, bringing the cumulative number of recoveries in the region to 61,061. “No critical or severe admissions due COVID/PAGE 7
Caraga’s active Covid-19 cases jumps to 201 in 1 week DAVAO City — Former Sarangani Governor Miguel Rene Alcantara Dominguez has joined the 60-year-old Alsons Development and Investment Corporation (Alsons Dev) as its new director who will oversee the business strategy and operations of the premier property developer and real VIS-MIN INTERCONNECTION. High-voltage direct current cables will connect estate pioneer in Davao City. the Lala Converter Station in Lanao del Norte to the Dumanjug Converter Alsons Dev is the real estate Station in Cebu. NGCP Photo
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