BusinessWeek M I N DA N A O CREDIBLE
Volume XI, No. 32
Market Indicators
AS OF 6:00 PM AUGUST 18, 2020 (TUESDAY)
FOREX US$1 = P 48.625
PHISIX 6,156.45
X X Briefly
8.50
87.67
cents
points
Power coop loans
LOANS granted to electric cooperatives in the seven months to July amounted to P343.45 million, according to the National Electrification Administration (NEA). The NEA citing data from its Accounts Management and Guarantee Department, said that around P240.37 million in loans went to bankroll electrification projects and working capital requirements for nine electrical cooperatives, while P103.08 million were issued as calamity loans. Of the electrification loans, NEA said P167.96 million went to capital expenditure projects of eight electric cooperatives, while P33.64 million went to the Occidental Mindoro Electric Cooperative, Inc. as a working capital loan; P38.76 million went to to Misamis Oriental I Rural Electric Service Cooperative, Inc. for the acquisition of modular generator sets.
Railway delayed 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 Project-Tagum-DavaoDigos (MRP-TDD) 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.
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EU fund eyed to boost M’danao fish industry www.businessweekmindanao.com
Wednesday|August 19, 2020
T
HE Mindanao De velopment Authority (MinDA) has identified some 22 "fish centers" equipped with ice-makers, cold storage and processing facilities located in almost every coastal province of Mindanao for funding under the European Union's Mindanao Peace and Development Program (MINPAD) to be implemented this year.
SHIELDED. Residents wear face shields over their masks in Cagayan de Oro City after the Land Transportation Franchise Regulatory Board implemented a “No Face Shield, No Ride ” policy in all public utility vehicles. Implemented last August 15, the directive strictly prohibits commuters without face shields and masks from riding public utility vehicles nationwide. mindanews photo by froilan gallardo
Mall, store in CDO face fines for holding promotional sale A MALL here and one of its locator shops could be facing penalties and sanctions for allowing hundreds of shoppers to crowd the establishment allegedly without regard to health protocols due to sale of shoes and
other items on Saturday. L aw ye r Jo s e E d g ard o Uy, who heads the city’s Regulatory Compliance Board (RCB), said the inter-agency task force’s law FINES/PAGE 7
The launch of electricity spot market in Mindanao hits another snag as due to the low rates of registration by the Mindanao energy industry, the Independent Electricity Market Operator of the Philippines (IEMOP). said. The independent operator of the Wholesale Electricity Spot Market
(WESM) said it is on track to proceed with the operation of the Mindanao market on Dec. 26 despite low levels of participation so far. “‘Pag ‘di pa nakumpleto ang registration by December, that’s an indication na baka ma-move pa further ‘yung commercial date ng MARKET/PAGE 6
In a statement on Sunday, Secretary Emmanuel Piñol said the fish centers, estimated to cost about P200 million, w i l l b e interconne c te d through a digital platform that will monitor daily catch and establish market linkage. He added that the facilities are e x p e c t e d t o b o o s t
fisheries and aquaculture productivity in Mindanao while upgrading the fisheries sector to make it compliant to international standards against unreported and unregulated fishing (IUUF) and ensure traceability. “During the final planning FISH/PAGE 7
Launch of Mindanao spot market hits another snag NO MOVEMENT SUNDAY. Early to rise, early to catch the sun rise in Cotabato City. On Sunday, the city went back to “No Movement Sunday” where the only persons authorized to leave their homes are frontliners or emergency cases and only drugstores will be allowed to open, in a bid to control local transmission of COVID-19. mindanews photo by jules benitez
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