BusinessWeek Mindanao (November 9, 2020)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XI, No. 67

Market Indicators AS OF 6:00 PM NOV. 6, 2020 (FRIDAY)

FOREX US$1 = P 48.220

9

PHISIX 6,685.69

X X Briefly

cents

40.92 points

Nuclear power AS a follow-through to Malacanang’s issuance of Executive Order (EO) 116, the Department of Energy (DOE) indicated that it will submit its crafted “nuclear power development plan” to President Rodrigo Duterte next month. “Our timeline is December — to submit it (nuclear plan) to the President, and we are hoping that he will approve it before the year ends,” Energy Secretary Alfonso G. Cusi said. The plan will flesh out the targeted nuclear power projects that will be integrated in the country’s energy mix – including the proposed deployment of small modular reactors (SMRs) in various parts of the country; and another component would be on the proposal to revive the mothballed Bataan Nuclear Power Plant.

Cybet crime up CYBER threats increased during the earlier days of the community quarantine but these have been addressed by financial institutions’ tough stance against online crimes. In a virtual briefing Thursday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said cyber crimes like phishing and sending out malicious e-mails and links to malicious websites “with the spin on coronavirus disease” increased. Diokno said banks addressed these by launching targeted cybersecurity awareness campaigns to combat phishing and social engineering attacks.

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A GIFT THAT KEEPS ON GIVING. SM Supermalls gifts us the magic of Christmas as they light up their vibrant displays despite the challenges of 2020. Bringing hope, spreading cheers, reuniting families, and helping MSMEs bounce forward and recover are some of the things that Mr. Steven Tan, president of SM Supermalls, wishes to fulfill this Christmas season for the Filipinos. #SamaSamaTayoSaPaskoAtSM. photo supplied

Davao's QR coding system moved to November 23

RENEWED grants from the European Union (EU) worth 150 million euros (P8.5 billion) are expected to fasttract agricultural development and electricity projects for small island communities in Mindanao, the Department of Finance (DoF) said in a statement. The DoF said Thursday that Thomas Wiersing, the charge d’affaires of the EU Delegation to the Philippines, committed to the financial aid. Finance Secretary Carlos G. Dominguez III confirmed this development following a meeting with EU Delegation to the Philippines charge d' affaires Thomas Wiersing. Dominnguez expressed his gratitude for the grants, as well as the EU’s earlier commitment to reorient parts of its aid to help the region GRANTS/PAGE 11

By ANTONIO L. COLINA IV, MindaNews

DAVAO City — The mandatory enforcement of the Safe Davao QR (DQR) has been postponed

from November 7 to November 23, to give more time for SYSTEM/PAGE 10

SoCot to expand palay subsidy program in 2021 By MINDANEWS

GENERAL Santos City – The provincial government of South Cotabato is planning to expand

the implementation next year of its subsidized buying scheme EXPAND/PAGE 11

DANJUG CAVES. Local visitors visit the Danjug Caves Brgy. Alegria in Santa Monica town, Siargao Island on Thursday, November 5q. These caves have been closed to the public since March due to the pandemic. Flights to Siargao are set to resume on December 1, 2020, according to the Surigao del Norte provincial government. mindanews photo by roel n. catoto

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