BusinessWeek Mindanao (April 14-15, 2021)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XI, No. 128

AS OF 6:00 PM APR. 13, 2021 (TUESDAY)

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Office demand THE Philippine office market continued registering new demand in the first quarter of 2021 and is growing despite the pandemic as more firms are optimistic on a post-coronavirus economic recovery. Mikko Barranda, associate director at Leechiu Property Consultants (LPC), said office demand reached 109,000 square meters (sqm) in the January to March period, up by 22.5 percent from 89,000 sqm in the fourth quarter 2020. “There was a renewed interest in the office market, activity spur(s) up and we are doing deals with tenants today (with) either new leases and renewals for as long as five years. It’s a testament to the commitment of many of these investors in the Philippines and that they believe that the recovery is just around the corner,” he said in a virtual press briefing Monday.

Breeder facility DAVAO CITY’S poultry and egg producers have asked the Agriculture department’s regional office to go ahead with the proposed establishment of a breeder farm in the city to ensure stable supply and food security. “As of now we depend on hatching eggs from Luzon and other areas, and the breeder farms in Davao Region are small,” Lalaine Lillibeth A. dela Victoria, president of the Davao Poultry and Egg Producers, Inc., said. Speaking at the 22nd Davao Agri Trade Expo Webinar Series on Biosecurity Measures and Farm Management Systems last week, Ms. Dela Victoria noted that supply has tightened recently for hatching eggs from both domestic and foreign supplies.

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AGAYAN de Oro City Mayor Oscar Moreno assured the public Monday that the Quick Response (QR) Code-based coronavirus disease (Covid-19) contact tracing system will not expose the bank data of registered users, contrary to the claims of a local radio commentator.

Moreno pointed out that the QR Code system, Higala App, does not even ask users for any information related to their bank accounts. He said the contract tracing application is also equipped with data privacy

protocols, adding that any claim of potential bankrelated identity theft was "baseless and absurd". "The statement (by a radio broadcaster) that the Higalaay (web portal in registering for QR/PAGE 11

Compliance with PH energy efficiency plan urged By MYRNA M. VELASCO, Contributor

NATIONAL government agencies (NGAs) as well as local government units (LGUs) have been prodded to lead the way in complying with the mandated energy efficiency and conservation (EE&C) roadmap and standards being cast for the country. This was the passionate call of House Speaker Lord Allan Jay Velasco on Monday’s Energy Efficiency Day, as he

emphasized that “by making our energy systems more efficient, there’s less need for new power companies to build or expand.” Being a principal author of Republic Act 11285 or the Energy Efficiency and Conservation Act, Velasco similarly reminded the Department of Energy (DOE) on its decreed major task to “create a national energy ENERGY/PAGE 11

SEA GRAPES. Local fishermen in Barangay Caub, Del Carmen town in Siargao Island collect latô (sea grapes). They sell their harvest to Tandag City in Surigao del Sur and Placer town in Surigao del Norte. mindanews photo by roel n. catoto

Moro agri firm starts P100-M banana operation in Sultan Kudarat town By BONG S. SARMIENTO, MindaNews

PALIMBANG, Sultan Kudarat – With its significantly improved peace and order condition, a family-owned Moro company has embarked on a multi-million-peso banana plantation venture here, the single largest

investment to have been poured in this second-class municipality since its creation in 1959. M A M Ag r i Ve ntu re Industrial Corp. broke ground late last month in Barangay Baliango. Founded last year, MAM Agri Venture has forged a partnership with Unifrutti

Tropical Philippines, Inc., a unit of global fresh produce industry player Unifrutti Group, for the production and marketing of Cavendish or table-dish banana variety. Engr. Mhar Ulangkaya, MAM Agri Venture chief executive officer, said they are eyeing to develop 250 hectares of banana plantation BANANA/PAGE 11

START OF RAMADAN. The Muslim world begins the observance of the month-long Ramadan Monday, April 12. file photo by froilan gallardo

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