BusinessWeek M I N DA N A O CREDIBLE
Volume XI, No. 30
Market Indicators
AS OF 6:00 PM AUGUST 13, 2020 (TUESDAY)
FOREX US$1 = P 48.840
10
PHISIX 6,097.78
X X Briefly
cents
102.78 points
Banana chips DAVAO City — Banana chip maker Southern Harvest, Inc. (SHI) started operating its factory at the Anflo Industrial Estate in Panabo City last week, and is looking to employ an additional 130 employees as it slowly increases output. The company, owned by the Davao-based Abella family, exports to Australia, Russia and China. Ricardo F. Lagdameo, first vice-president of Damosa Land, Inc. which owns and manages the economic zone, said SHI is recruiting more workers for its production line, from peeling to packing.
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USES have been now allowed to ply inter-regional routes in some parts of Mindanao, the Yanson Group of Bus Companies (YGBC) said on Wednesday.
The YGBC said at least five routes have been reopened after the Inter-Agency Task Force (IATF) and the Land Transportation Franchising a n d R e g u l at or y B o a rd (LTFRB) have approved the
resumption of these routes. It can be recalled that bus operations were ordered suspended by the government following the outbreak of the coronavirus disease 2019 (Covid-19).
Celer Estologa, the YGBC spokesperson for Mindanao, said the bus company’s subsidiary Bachelor Express, Inc. was allowed to resume operations to ply those BUS/PAGE 7
Foresters nationwide join calls to stop cutting down the 300-year-old Toog tree By CHRIS V. PANGANIBAN
SAN FRANCISCO, Agusan del Sur--- Foresters nationwide have joined the calls to save the iconic giant 300-year-old Philippine Rosewood tree (Petersianthus quarialatus)or locally known as Toog from its impending cutting down the upper half portion as decided by local government officials here. In a letter dated August 12, the Society of Filipino Fo r e s t e r s , I n c . ( S F F I )
Bamboo faceshield DAVAO City – The Mindanao Development Authority (MinDA) has provided P200,000 financial assistance to a group of Cotabato farmers in M’lang town that produces face shields with bamboo components. In a statement Tuesday, MinDA Secretary Emmanuel Piñol said the agency decided to provide support to the group following the deluge of orders that came in following his Facebook post promoting the locally-made product. “During a Management Committee meeting of the MinDA, my proposal to provide the farmers the financial assistance to be taken from the savings of the different offices to buy tools and work tables was supported by all the members of the ManCom,” Piñol said.
P15.00
Bus firm gets okay to ply Mindanao routes www.businessweekmindanao.com
has appealed to Mayor Solomon Rufila to hold in abeyance the cutting down of the Toog tree since they are asking Dr. Armando Pa l ij on , a k n ow n t re e surgeon and former forestry professor at University of the Philippines-Los Baños c ampu s , t o p e r s on a l l y assess the landmark tree prior to implementing the local government unit’s final TOOG/PAGE 7
RESUMPTION OF TRAVEL. The Inter-Agency Task Force (IATF) and the Land Transportation Franchising and Regulatory Board (LTFRB) has just approved the resumption of operation of several bus companies plying selected destinations in the Mindanao region. photo by gerry gorit
C. de Oro city council approves anti-discrimination ordinance By FROILAN GALLARDO, MindaNews
T H E C a g ay a n d e O ro City Council on Monday unanimously passed a l a n d m a r k ord i n a n c e penalizing discrimination against members of the LGBT
(lesbian, gay, bisexual and transgender) community, persons with disabilities, COVID-19 patients and medical frontliners. Councilor Joyleen
Mercedes Balaba, author of the “Cagayan de Oro Diversity and Equality Ordinance” said the measure will send a strong message that discrimination has no place in the city. Balaba said the ordinance ORDINANCE/PAGE 7
CASH FOR WORK. A boy joined in the Cash For Work program in Barangay 35, Cagayan de Oro City intended to unclog Bitan-ag Creek which traverses flood prone areas in the city. photo by gerry lee gorit
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