BusinessWeek M I N DA N A O CREDIBLE
Volume XI, No. 129
Market Indicators
AS OF 6:00 PM APR. 15, 2021 (THURSDAY)
FOREX US$1 = P 48.440
PHISIX 6,539.96
X X Briefly
5.90
16.75
cents
points
MinDA budget THE Mindanao Development Authority (MinDA) asked the government to allocate the southern islands at least 20% of the national budget next year to support agriculture and aquaculture projects which will improve livelihoods. At a hearing conducted by the House Committee on Mindanao Affairs, MinDA Undersecretary Romeo M. Montenegro said the agency hopes for increased National Government investment in Mindanao, especially in agriculture. “We hope that the 2022 budget, the last budget cycle of this administration, will at least deliver for Mindanao around 20% of the national budget allocation at the minimum,” he said.
Fund-sourcing SPEAKER Lord Allan Jay Q. Velasco said economic managers are studying how to fund the proposed third stimulus package designed to revive the economy. In a statement Tuesday, Mr. Velasco said following a meeting with the Department of Budget and Management and the Department of Finance last week that both departments are looking into possible funding sources for the proposed Bayanihan to Arise as One Act, known informally as Bayanihan III. “I am very thankful to (Finance) Secretary (Carlos G.) Dominguez (III) and (Budget) Secretary (Wendel E.) Avisado for recognizing the importance of Bayanihan III in addressing financial gaps to better manage the government’s response to the impact of the pandemic,” Mr. Velasco said.
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Covid-19 vax among razed by Capitol fire www.businessweekmindanao.com
Fri-Sat|April 16-17, 2021
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By ERCEL MAANDIG, Reporter
ROUND 30 vials of CoronaVac vaccines were among the items damaged in a fire that broke out in one of the buildings of the Misamis Oriental Capitol Wednesday evening. Supt. Alan Cabot, District Fire Director, said the vaccine container was safe, but unsure if these can still be used since storage of the vaccines requires low temperatures. "The (Covid-19 vaccine) container remained sealed and unharmed, but we are not certain as to whether the
ABLAZE. A huge fire struck the Misamis Oriental Provincial Health Office Wednesday evening damaging at least P1.4 million worth of properties including dozens of Sinovac vaccines. photo by gerry lee gorit
Muslim pilgrims to get Sinovac jab By FROILAN GALLARDO, MindaNews
A PORTION of the latest Sinovac shipment intended for Northern Mindanao had been given to Muslims who are planning to go on a hajj pilgrimage to Mecca, Saudi Arabia, an official of the Department of Health in Region 10 said.
This as Muslims started fasting as the month of Ramadan began Tuesday amid calls from their leaders to obser ve strict health protocols when going to the mosques. Emiliano Galban Jr., DOH-10 spokesperson, said
they have allotted almost 1,000 of the 22,000 Sinovac doses that arrived at the SINOVAC/PAGE 11
temperature inside was still working or compromised," he told reporters. Apart from the Covid-19 vaccines, other vaccine vials for polio and anti-rabies were also stored in the building where the Provincial Health Office (PHO), MisOr Cares, RAZED/PAGE 11
Severe tropical storm approaches PAR By MINDANEWS
MALAYBALAY City – A severe tropical storm with the international name “Surigae” was spotted 1,095 kilometers east of Mindanao as of 10 a.m. Thursday, the Philippine Atmospheric, Geophysical and Astronomical Services
Administration (Pagasa) said in an 11 a.m. advisory. Surigae carried maximum sustained winds of 95 kph near the center with gustiness of up to 115 kph near the center, and was moving STORM/PAGE 11
RUBYFISH. A buyer weighs Japanese rubyfish locally known as “buyobod” in Mabua, a fishing village in Surigao City. Buyobod sells at 200 pesos a kilo. mindanews photo by roel n . catoto
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