BusinessWeek M I N DA N A O CREDIBLE
Volume XI, No. 68
AS OF 6:00 PM NOV. 10, 2020 (TUESDAY)
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Briefly Office space gap NO NEW OFFICE space will be added to Davao City’s supply for at least three years, property consultancy firm JLL Philippines said. In a recent briefing on its Davao real estate market overview, JLL Philippines said there is a projected gap in new office supply until 2024, giving property developers an opportunity by expediting ongoing projects. “Beyond 2020, there’s an absence of supply for the next three years. Most of the office developments that we’ve seen are estimated to complete post2023. That’s around 155,000 square meters of office projects in total, and that’s certainly going to create a bit of dearth,” JLL Philippines Head of Research Janlo de los Reyes said.
IN-DEPTH
Wednesday|November 11, 2020
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Phividec sees upsurge in power consumption Thank you for trusting us!
* La Viña urges A-Power to hike capacity to meet demand
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By RUFFY MAGBANUA
EWLY-installed Phividec Industrial Authority Administrator and CEO Pompee La Viña has enjoined A-Power to prepare for an increase of energy demand following the entry of a big player in the steel making industry. The call was made during a virtual meeting of the Board of Directors of A-Power with La Viña on November 4, 2020. Power Indust r ies of M i n d a n a o ( A- Pow e r )
operates and maintains the electric distribution system to serve the energy requirements of locators within PhividecIA. A- Po w e r i s a j o i nt venture company of Phividec
Industrial Authority (PIA), Cagayan de Oro Power and Light Company (Cepalco) and a group of industries operating inside Phividec-IA. As partner of A-Power, La Viña assumed the directorship post vacated by Lawyer Franklin Quijano, former Phividec -IA administrator and CEO. With the coming of more investments at Phividec-IA, La Viña foresees an increase in economic activities as well as the rise in employment opportunities, not only for POWER/PAGE 10
ZOOM MEETING. Phividec-IA Administrator and CEO Pompee La Viña holds virtual meeting with A-Power.
SM set to open Zambo City mall on November 27
Biden's presidency THE Philippines, along with the rest of Asia, stands to benefit from the Joe Biden presidency due to the expected reduction of risk from the US-China trade war, as well as less protectionism and a possible increase in government stimulus. In a report, Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort said the possible decline of trade war concerns could result in increased global trade and economic growth, especially in Asia. Ricarfort said a lesser protectionist stance in the US could also benefit the Philippines’ imports and exports, as well as remittances and the business process outsourcing (BPO) sector.
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Philippine Press Institute Civic Journalism Community Press awardee for the following: 2013 Best in Business and Economic Reporting 2014 Best in Environmental Reporting 2017 Best in Business and Economic Reporting 2018 Best in Business and Economic Reporting
FIREWOOD CUTTER. Fifty-five year old Intingan Samar of Barangay Talibadok in Datu Hoffer Ampatuan town in Maguindanao, was married through parental arrangement at a very young age, just after her first menstrual period. She gave birth to 10 children, one of whom died. All of her children, except the youngest, now 20 years old, also married at young age. Intingan supports her family by selling firewood at five pesos per bundle of five sticks. mindanews photo by jules l. benitez
PhilHealth-12 worried over fraudulent COVID-19 claims By MINDANEWS
GENERAL Santos City – The Philippine Health Insurance Corp. (PhilHealth) in Region 1 2 ( S o c c s k s arge n ) h a s tightened the assessment
o f r e i m b u r s e m e nt f o r coronavirus disease (COVID-19) cases in the wake of the emergence of alleged fraudulent claims in other areas. D r. He c t o r M a l at e ,
acting PhilHealth regional vice president for Region 12 (Soccsksargen), said Tuesday they adopted a stringent medical pre-payment review system for COVID-19-related CLAIMS/PAGE 10
ZAMBOANGA City -- The SM Prime Holdings is opening its first shopping mall in the region on November 27 in this city amid the coronavirus disease 2019 (Covid-19) pandemic. Arnel Manahan, SM public relations officer, said Saturday that the SM Prime Holdings’ 76th Supermall-the seventh in Mindanao--is located in a 13,078 square meter site along La Purisima Street and Campaner Street in Barangay Zone III, this city. “The long wait is over! SM Supermalls is transforming Zamboanga City’s retail landscape as SM City Mindpro, the first SM shopping mall in Western Mindanao will open its doors to shoppers on November
27,” Manahan said. Manahan said that with the health pandemic in place, they would follow strict health standards using advanced, touch-free technology creating a seamless shopping experience for all. He said they will use Trace Together - an endto-end cont ac t t racing solution to fight the spread of Covid-19, making SM City Mindpro a haven of safe and innovative community space that enforces high-standard hygiene check. “Ma l l - go e r s w i l l b e required to participate in Trace Together wherein they must scan the QR code at the mall entrances using their mobile device and declare information like name, city SM/PAGE 10
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