BusinessWeek M I N DA N A O CREDIBLE
Volume XI, No. 36
Market Indicators FOREX
PHISIX
US$1 = P 48.630
5,921.55
X
cents
9.78
RELIABLE
X
points
Briefly Caraga’s coco products BUTUAN City – The Philippine Coconut Authority (PCA) 13 (Caraga) is pushing for an increase in the domestic use of coconut products to help coconut farmers affected by the health crisis. PCA-13 Manager Joel B. Oclarit told the Philippine News Agency on Tuesday that aside from raising the income of the region’s coconut farmers, the production of coconut-based products, such as virgin coconut oil (VCO) and coco ethyl alcohol, would complement the continuing fight against the coronavirus disease 2019 (Covid-19). “The push for the increase in the utilization of coco-based products (is) in line with the directive of the agency, in the celebration of the 34th National Coconut Month, and the continuing support of the PCA to the concerted efforts of all government agencies and private groups in the fight against Covid-19,” Oclarit said.
Agri aid THE Department of Agriculture (DA) 10 (Northern Mindanao) will distribute some P5.6 million worth of basic farm inputs as aid for three provinces in the region that were affected by the coronavirus disease 2019 (Covid-19), an official said Tuesday. These are Bukidnon, Lanao del Norte, and Misamis Occidental, said Azbie Talib, DA-10 focal communicator for the agency's Special Area for Agricultural Development (SAAD) program. "The provinces will receive farm inputs composed of 20,192 packs of vegetable seeds, 1,125 packs of sweet corn seeds, and 2,500 bags of organic fertilizers," the agency said in a statement.
IN-DEPTH
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Logistics deal to boost M’danao fruit industry www.businessweekmindanao.com
AS OF 6:00 PM AUGUST 27, 2020 (THURSDAY)
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YOUR MINDANAO-WIDE BUSINESS PAPER Friday|August 28, 2020
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LOGISTIC deal that would hasten the delivery of fruit products from Mindanao to major cities is expected to boost the island’s fruit industry.
The agreement was signed between Durian Industry Association of Davao City (DIADC) and John Gold C argo For warder. This involves the distribution of about 15 tons of various fruits
daily that will be transported six times a week by the said cargo forwarder. “Since there will be no tourists coming to the city during the durian peak season, we need to bring our products
to major cities to minimize if not eliminate waste,” said DIADC President Emmanuel Belviz in a statement from the Department of Agriculture (DA)-Davao Region office. FRUIT/PAGE 11
EFFICIENT DELIVERY. Logistical problem is over for fruit growers in Mindanao. file photo by mindanews
SEVERAL transport cooperatives in Northern Mindanao that have switched to modern public utility vehicles (PUVs) are just waiting for the Land Bank of the Philippines to release their loans before they can start operation. Once their loan applications are approved and released by the state-run Land Bank of the Philippines, the transport cooperatives can immediately place their orders with PUV manufacturers, said Aminoden Guro, LTFRB-10 director, on Tuesday.
Guro sees more modernized PUVs owned and operated by transport cooperatives and corporations will ply the various routes in the region before the year ends. The PUVs include public utility jeepneys, taxis, and vans, he said, adding the operation of the modern PUVs is in line with the national government’s PUV modernization program. “We expect to have more modernized PUVs by the end of the year,” he said, RELEASES/PAGE 11
Metals, engineering innovation center to rise in C. de Oro City A METALS and Engineering Innovation Center (MEIC) will soon rise in Cagayan de Oro City after the Department
of Science and Technology in Region 10 (DOST-10) entered into a Memorandum of Agreement (MOA) with
Transport coops still await loan releases
the University of Science and Technology of the Philippines (USTP) here on Tuesday. RISE/PAGE 11
Job rate in Davao drops to 82.1% By ANTONIO L. COLINA IV, MindaNews
D AVA O C i t y - - T h e employment rate in Davao Region decreased to 82.1 percent as of 2nd quarter of
2020 amid the coronavirus disease (COVID-19) pandemic, National Economic Development
Authority (NEDA)-Davao R e g i on d i re c t or Mar i a Lourdes Lim said. In her report during the virtual launch of Davao DROPS/PAGE 10
BEACH SWING. High school classmates on extended vacation because of the COVID-19 pandemic could not have it any better with a swing, sea breeze and sunset in a beach in Datu Odin Sinsuat municipality in Maguindanao. mindanews photo by jules l . benitez
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