These mega infrastructure projects that are being undertaken and closely supervised by the DPWH regional directors and district engineers are all under the Mindanao . . . → Read More: Projects and power is up]]> Big infrastructure projects worth more than P9.5 billion are under construction or nearing completion in Northeastern, Northern and Central Mindanao, officials of the Department of Public Works and Highways (DPWH) said on Wednesday.

These mega infrastructure projects that are being undertaken and closely supervised by the DPWH regional directors and district engineers are all under the Mindanao Super Region projects and President Gloria Macapagal-Arroyo’s State-of-the-Nation Address (SONA) commitments.

Region XIII Regional Director Dr. Evelyn T. Barroso has vowed to complete in its target time limit the P1.7-billion Surigao-Davao Coastal Road, along with the Lianga (Surigao del Sur)-Prosperidad (Agusan del Sur) Section and Adlay-Bon-ot (Surigao del Sur) Section.

The Package 13 Tagasaka-Bislig Section, Package 14 Bislig-Lingig Section and Package 15 Lingig-Boundary Boston (Davao Oriental) road projects are nearing completion.

Five Surigao-Davao Coastal Road SONA projects ?- Package 1 Amontay-Sto. Nino Section, Package 2 Marihatag-San Agustin-Lianga Section, Package 3 Tandag-Marihatag Section, Package 10 Boston-Bislig Section and Package 11 Bislig-Manay Section have been finished ahead of schedule, Barroso said.

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Mindanao power consumers should brace for higher electricity bills until August because mixed power generation would probably last until then, a power executive said Wednesday.

Rodger Velasco, vice president for engineering of the Davao Light and Power Company (DLPC), said the use of mixed generation would continue because the water supply level in hydro power sources has not improved much, despite rains.

“There’s rain but we still need more,” he said.

The National Grid Corp. of the Phils. said it has been using fuel-fed generating systems, which could increase electricity charges, to ease the power shortage.

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The benchmark Philippine Stock Exchange index (PSEi) ended lower on Monday by 1.89% or 62 points to 3,203.91.

The broader all shares index ended in the red as well. It fell by 1.53% to or 31 . . . → Read More: Philippine Stock Exchange]]> Local share prices experienced its sharpest decline in weeks as uncertainty over the US financial sector and pre-election jitters dampened investor sentiment.

The benchmark Philippine Stock Exchange index (PSEi) ended lower on Monday by 1.89% or 62 points to 3,203.91.

The broader all shares index ended in the red as well. It fell by 1.53% to or 31 points to 1,991.87.

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The Department of Trade and Industry (DTI) is encouraging all exporters to maximize availment of the services offered by the Bureau of Export Trade Promotion (BETP).

Fenina M. Bonoan, assistant chief for the ASEAN and other Asia Desk of the BETP, said during her recent visit in Davao City that since the bureau is the export promotion arm of the DTI, it seeks to enable Philippine exporters to compete with world-class products and services.

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Fortis Investments and Western Asset Management Co., which oversee a combined $698 billion, sold Philippine international bonds last month, as the government raised its . . . → Read More: Philippine bonds,outsourcing,Davao Light]]> Global investors are bracing for further declines in Philippine bonds, Asia’s worst performers this year, on concern the nation’s first change in president in almost a decade will lead to wider budget deficits.

Fortis Investments and Western Asset Management Co., which oversee a combined $698 billion, sold Philippine international bonds last month, as the government raised its forecast for this year’s shortfall by 26 percent. Pictet Asset Management, which manages $5 billion of emerging-market debt, cut peso holdings on concern the new president would boost spending to win support.

Full article at Business Week

According to an article in Business Week, the Philippines is on target to grow its business process outsourcing revenues to $13 billion, and provide jobs for 650,000, by the end of 2010. So, what exactly are the advantages of outsourcing to the Philippines that have made it a first choice outsourcing solution for businesses across the globe?

Full article at Goodzines

Davao Light and Power Company is encouraging all its customers to save on electricity.

The advice of the electric utility came on the heels of the announcement by the National Grid Corporation of the Philippines (NGCP) that the power generation curtailment level from the various generating companies in Mindanao reached to 450 megawatt (mW) yesterday. NGCP imposed a 93 mW curtailment on Davao Light’s franchise area starting at 10:30 yesterday morning.

Full article at PIA

THE Department of Trade and Industry (DTI) provincial office in Davao Oriental reported that market matching and linkage activities in 2009 generated high sales valued at P12.117 million, higher by 431 percent as compared to previous year’s P2.811 million only.

Based on its annual report, DTI-DO also revealed that the sales generated through market matching and linkage last year was even 173 percent higher than its annual target of P7 million.

Full article at Sun Star

People are excited about their savings accounts earning interests. But, the Department of Science and Technology (DOST) has seen a better idea to invest into something that earns three or five times that of bank interests. An “energy audit” is a good first step toward realizing those money savings by making your place more energy efficient.

With today’s increasing production cost, it is important to identify areas by which production cost can be significantly reduced. One area identified by DOST is to improve the efficiency of energy utilization among industries. Many industrial establishments are now becoming conscious of their energy usage due to increased energy costs.

Full article at PIA

In a meeting recently held at the Davao del Norte Capitol in Tagum City, C.K. Chang, president of Philippine Palm Oil Development Council, Inc. (PPODCI), said . . . → Read More: Palm Oil and Brown outs]]> Palm oil growers in Mindanao are optimistic that the production would continue to increase in Mindanao even as the country is still importing oil palm products from nearby Southeast Asian countries.

In a meeting recently held at the Davao del Norte Capitol in Tagum City, C.K. Chang, president of Philippine Palm Oil Development Council, Inc. (PPODCI), said that 10 years ago, the country has only some 20,000 hectares of oil palm trees, but at present, it has already 45,000 hectares of it mostly found in Mindanao.

“But we are still importing oil palm products from Malaysia and Indonesia,” he said

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When before, city residents could hear the whirl and hum of the power plant along J.P. Laurel Avenue, today, the Bajada Power Plant (BPP) appears silent and inactive.

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An official of a multi-national shipping firm and five others are facing charges of possession of illegal drugs for allegedly conspiring to hide 12 bricks of high-grade cocaine in Davao City last December, the Philippine Drug Enforcement Agency (PDEA) said on Monday.

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The Office of the Solicitor General (OSG) is studying a proposal by the Pilipinas Shell Petroleum Corp. (PSPC) to put up a surety bond to facilitate imports, while a tax dispute is resolved.

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