BusinessWeek M I N DA N A O CREDIBLE
Volume XII, No. 74
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S. Korea eyed as market for Davao's cacao, coco www.businessweekmindanao.com
AS OF 6:00 PM NOVEMBER 30, 2021 (TUESDAY)
Wed-Thu|December 1-2, 2021
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Bat sanctuary
Lower SRP for noche buena goods THE suggested retail prices (SRP) of most Noche Buena products decreased or remained unchanged this year, according to the Department of Trade and Industry (DTI). “The DTI thanks the manufacturers for heeding the call not to increase prices demonstrating their sense of solidarity with our consumers this Christmas despite the COVID-19 pandemic,” Trade Secretary Ramon M. Lopez said in a news release on Friday. The DTI’s list of SRPs of Noche Buena products include ham, cheese, keso de bola, sandwich spread, mayonnaise, pasta like spaghetti noodles, elbow and salad macaroni, spaghetti and tomato sauce, and all-purpose cream.
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AVAO DE ORO agricultural commodities could do well in South Korea market if producers bolster their research and development and ensure stable supply and delivery, a trade official said.
A TOTAL of 702 workers who were disadvantaged or displaced due to the coronavirus disease 2019 (Covid-19) pandemic have received cash aid totaling P2.5-million on Friday. The fund comes from the "Tulong Panghanapbuhay sa Ating Disadvantaged/Displaced Workers" (TUPAD) under the Department of Labor and Employment (DOLE), and the beneficiaries were the recent batch that received the cash aid. DOLE-Cagayan de Oro City Field Office Chief Emmanuel G. Toledo said in a statement that the beneficiaries had completed their 10-day work period beginning on November 24, after which they will each receive P3,650 worth of wages.
A NEWLY-FORMED bamboo council in Davao — led by the lady known as the “bat mama” for her bat sanctuary and ecotourism site in Samal Island — is aiming to make the region a major player in the emerging industry in four years through private-public collaboration. “Give me four years and I will make Davao a major player,” Norma I. Monfort, head of the Davao Region Bamboo Council, said during the Nov. 17 opening of the region’s first bamboo products exhibit in Tagum City, Davao del Norte. Ms. Monfort, who attended the first Mindanao Bamboo Summit in January, said she was driven to lead the industry’s development in Davao after learning that the region is considered a laggard.
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NATIONAL VACCINATION. Barangay Gusa Cagayan de Oro residents line up outside the Gusa Elem. School to be vaccinated on Monday, Nov. 29,2021. The 3-day national vaccination campaign causes massive influx of unvaccinated as threats of unable to work and enter private establishments is slowly implemented across the country. There are 33 vaccination sites in Cagayan de Oro. photo by gerry lee gorit
“I challenge MSMEs (micro, small and medium enterprises) to look into R&D… Unless we have a strong R&D, we will continue to be dependent on foreign investors, and foreign investors are also more attracted to countries with strong R&D,” Jose Ma. S. Dinsay, commercial counsellor of the Philippine Trade and Investment Center-Seoul, said during the two-day hybrid Davao de Oro Investment Conference 2021 last week. He cited coconut and cacao as among the province’s products that can be developed for further export. “Coconut has one of the biggest potentials… coconut oil and dried coconuts, and activated carbon,” he said, noting that these goods are already among the main agricultural commodities being shipped to South MARKET/PAGE 7
BOI highlights greater trade potentials in Davao region THE Board of Investments has highlighted investment opportunities in Davao after the region suffered a deep economic setback during the pandemic. BOI Executive Director Bobby Fondevilla highlighted at the Davao Investment C on fe re n c e i n “D av a o R e g i on : St rong To d ay, S t r o n g e r To m o r r o w,” investment opportunities particularly in real estate, tourism, manufacturing, and agribusiness with its enablers such as ICT, academe & infrastructure that are
available in the region. BOI is the investment promotion and generation agency under the Department of Trade and Industry. Fondevilla also presented the top 10 priority sectors in Davao City namely: Agribus ine ss ; Tou r is m and Recreational Facilities; Light Manufacturing and Assembly; Real Estate/Property Development; Health and We l l n e s s , E d u c at i o n a l and Sports Facilities; Environment Protection or Green Projects; Information TRADE/PAGE 7
SPEAR FISHING. Using a speargun, this fisherman easily catches scabbard fish at Surigao City Port area. mindanews photo by roel n . catoto
Vaccine hesitancy in Lanao del Sur blamed on fake news By RICHEL V. UMEL, MindaNews
MARAWI City - Fake news on the purported side effects of antiCOVID-19 vaccines has led to the low turnout of vaccination in Lanao del Sur, officials said. In a conference on Tuesday, the health cluster of the province’s InterAgency Task Force for Emerging Infectious Disease said 60,250 out of the 691,795 target eligible individuals have been fully vaccinated.
The figure, which excludes the capital Marawi City, is only 8.7 percent of the target population, Dr. Alinader Minalang, Provincial Health Officer said in the report. Minalang said the fake news being circulated in communities included rumors that those who get vaccinated will die after two years, become zombies, and that the vaccines are laced with microchips
that can locate a person’s location and change his/her DNA. Lanao del Sur will join the three-day “Bayanihan Bakunahan” on November 29 to December 1 to address the low turnout of vaccination and attain herd immunity in the province. The vaccination drive will include individuals belonging to the A1 to A5 categories, Minalang said.
“If we could not reach the target 100,000 doses per day, we will continue with the mass vaccination,” he said. He added they have 15,781 doses of Sinovac vaccines, 592 doses of AstraZeneca, 11,060 doses of Sinopharm, 24,920 of Moderna, and 5,850 doses of Pfizer. He said various government VACCINE/PAGE 7
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