BusinessWeek Mindanao (August 12, 2020)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XI, No. 29

Market Indicators

AS OF 6:00 PM AUGUST 11, 2020 (TUESDAY)

FOREX

PHISIX

US$1 = P 48.920

5,953.94

9

X X Briefly

cents

23.02 points

Railway delayed

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Wednesday|August 12, 2020

Mindanao bizmen seek speedy release of loans T

DAVAO City -- President Rodrigo Duterte has declared August 24, 2020, as a special non-working holiday in celebration of the Indigenous People’s Day during the Kadayawan Festival in Davao City. The Indigenous Peoples’ Day, one of the major highlights of the Kadayawan Festival is celebrated in Davao City every third Friday of August. The day is a tribute to the 11 tribes of Davao City, to preserve their history and culture. In Proclamation No. 991 released by the Office of the President on August 7, 2020, Dabawenyos will be given full opportunity to celebrate and participate in Kadayawan activities but observing public health measures such as social distancing and wearing masks.

By JUDY QUIROS, PNA

HE government can help struggling micro small medium enterprises (MSMEs) that are bearing the brunt of the coronavirus disease 2019 (Covid-19) by devising ways to speed up the release of loans and other economic reliefs, a business leader said.

THE start of the construction of the China-funded Mindanao railway phase 1 has been moved to the first quarter of 2021, with the government yet to decide on a contractor. The Transportation department is targeting the start of construction for the Mindanao Railway ProjectTagum-Davao-Digos (MRPTDD) by the first quarter of 2021, the National Economic and Development Authority (NEDA) Region XI said in a recent statement. The Transportation department said in December that the groundbreaking for the project would be in the first quarter of 2020, but it did not happen.

Aug. 24 is holiday

P15.00

Marian Mahinay Comilang, the executive director of Mindanao Trade E xp o Found at ion, Inc.

(MTEFI) said the business sector was "encouraged" by the recent State of the LOANS/PAGE 7

Misor eyes pandemic shelter to address surge in Covid-19 By GERRY LEE GORIT, Reporter

MORNING CANVAS. Lake Sebu in South Cotabato, as photographed Tuesday, is a magnificent canvass for a stressed-out Pinoy who wants to take a break from the stress of COVID-19 scare. This hinterland municipality remains coronavirus-free and has carefully opened its tour business following minimum health standards. mindanews photo by jules l . benitez

MISAMIS Oriental Provincial Board Member Dexter Yasay yesterday cited the need to construct more pandemic

shelter to address the possible surge of Coronavirus disease 2019 (Covid-19) in the SHELTER/PAGE 7

Agri, aquaculture to boost Mindanao economy: MinDA DAVAO City – The Mindanao Development Authority (MinDA) said it will focus its efforts on the region's agriculture and fisheries sectors over the next five

years as it aims for immediate recovery to counteract the economic slowdown triggered by the coronavirus disease 2019 (Covid-19) pandemic. In a statement Monday,

MinDA Secretary Emmanuel Piñol said the agency will pursue several agriculture and aquaculture projects funded by the European Union that ECONOMY/PAGE 7

Local execs verdict: Retain lower half portion of iconic Toog tree By CHRIS V. PANGANIBAN, Contributing Editor

SAN FRANCISCO, Agusan del Sur--- Local government officials here have decided

to just cut down the upper half portion of the iconic giant 300-year-old Philippine

Rosewood tree (Petersianthus quarialatus) or locally known as Toog and let the lower portion continue to stand TOOG/PAGE 7

TOURIST DECK. The proposed design of the triangular retrofitting structure two elevated platform levels that will served as a view deck for tourist and visitors to get a panoramic view of the magnificent Mt. Magdiwata presented by Engr. Marjun Ursos, a structural engineer and a member of Save the Toog tree Please (STOP) movement. chris v . panganiban

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