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Volume XI, No. 124
AS OF 6:00 PM MAR. 30, 2021 (TUESDAY)
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Briefly Breeder farm 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 st able su p ply and fo o d 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 E xpo 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.
Positive outlook THE Philippines remains a good investment destination despite the impact of the pandemic due to the economy ’s improved fundamentals, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. In his speech during the virtual 2nd PhilippinesSingapore Business and Investment Summit on Friday, Diokno reiterated that the economy entered the pandemic in a position of strength and the central bank has implemented several measures to lessen the pandemic’s impact on livelihoods and the economy. He said these measures, which include a total of 200 basis points reduction in the BSP’s key policy rates, up to 200 basis points cut in banks’ reserve requirement ratio, and the liquidity boost for the government through repurchase agreements and cash advances, have injected into the financial system P2 trillion in liquidity.
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Peace seen to drive economic potentials Mon-Tue|April 5-6, 2021
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OTABATO C ity – A leading civil executive in Southern Philippines has expressed the need for long-term stability in the region so that this may pave the way for investments in fields like trade and maritime development.
This, according to lawyer Naguib Sinarimbo, spokesperson for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), in a recent video statement on Muslim Mindanao’s vast potentials for economic development. Initial oil exploration works are ongoing “in the Sulu Sea and the Moro Gulf, as well as in the Liguasan Marsh,” said Sinarimbo, who concurrently serves as the BARMM’s Minister of the Interior and Local Government. All three areas have been considered by multiple scientific sources as PEACE/PAGE 7
FAITH AMID A PANDEMIC. Catholic faithful pray inside the St. Augustine Metropolitan Cathedral in Cagayan de Oro City on Maundy Thursday (April 1, 2021). mindanews photo by froilan gallardo
Apo View Hotel temporarily closes due to COVID-19 By ANTONIO L. COLINA IV, MindaNews
A vendor scoops sago (tapioca pearls) at Bankerohan Market in Davao City on Maundy Thursday, 1 April 2021. Sago is one of the main ingredients of the popular Visayan delicacy binignit, which is widely prepared during Holy Week. mindanews photo
DAVAO City – Homegrown Apo View Hotel announced it would temporarily cease operations effective March 31 as the coronavirus disease (C OVID-19) p ande mic crippled the local tourism industry. Apo View Hotel’s ad on its 73rd anniversary last March 18, 2021. Photo illustration from Apo View’s Facebook page. The management of the
156-room first-class hotel said in a statement that it has decided to close its doors until further notice as the threat of COVID-19 continues to affect “every sector across the globe,” with tourism as
one of the industries which took a heavy beating due to the scourge. “It has been our pleasure to serve you and we can’t wait to open our doors and welcome you all again,” it added. CLOSES/PAGE 7
Electric coops log 2% sales growth in 2020 By MYRNA M. VELASCO, Contributor
IN spite of the demand slump ignited by the Covid-19 pandemic, the countr y’s electric cooperatives (ECs) s t i l l m a n a ge d t o p o s t 2.0-percent growth in their electricity sales last year, which was quite a feat in such
scathing times of a crisis. In data released by the Information Technology and Communication Services Department (ITCSD) of the National Electrification Administration (NEA), it was emphasized that the volume
of electricity sold by the ECs hovered at 23,622 gigawatthours last year, compared to a relatively tamer 23,127 GWh in 2019. Overall revenues of the power utilities, however, went down by 4.0-percent to P211.457 billion in 2020 SALES/PAGE 7
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