BusinessWeek Mindanao (December 11, 2020)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XI, No. 81

Market Indicators FOREX

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PHISIX 7,154.43

51.77 points

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Briefly Open-pit mining MINING INVESTMENT has been hindered by inappropriate policy, including the freeze on new mineral production sharing agreements and the current ban on open-pit mining, preventing the industry from contributing to the economy, the head of the mining industry association said. At the 9th Arangkada Philippines Forum Wednesday, Chamber of Mines of the Philippines Chairman Gerard H. Brimo said: “The industry has been stymied by policy problems, resulting in no new investments and therefore no growth.” Citing 2019 data from the Mines and Geosciences Bureau, Mr. Brimo said the metallic mining industry accounted for 0.6% of gross domestic product (GDP), equivalent to P124.5 billion, and around 6.3% of exports at $4.38 billion.

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PHINMA-COC criminology dean adjudged most outstanding academician Story by MARK FRANCISCO Photo by GERRY GORIT

DR. Gerry Caño – the dean of the College of Criminology at PHINMA-Cagayan de Oro College – was adjudged and accepted his honor as most outstanding Mindanaoan (private academe) during the

recently held 2nd Mindanao Governance & Leadership Excellence Award here in Cagayan de Oro City. The initiative – which was jointly organized by Mindanao Daily News and

Philippine Veterans Bank – honors Mindanaoans with the following characteristics: consistency of best practices in governance (regulatory change, good management, utilization of technology and human resources ADJUDGED/PAGE 11

Angkas needs Oro govt nod before ops: LTFRB T

HE Land Transportation Franchising and Regulatory Board in Northern Mindanao (LTFRB-10) said ridehailing firm Angkas must first secure a permit from the city government before it can resume operations here.

Aminoden Guro, LTFRB-10 regional director, said a technical working group (TWG) created to look into Angkas’ application has recommended that the firm should seek approval from the local government before

Coal power rising POWER generating capacity from coal-fired plants is expected to rise 135% after all plants currently being built become operational, after a moratorium on new builds was declared last month, Clean Air Asia (CAA) said in a report. The estimate follows Energy Secretary Alfonso G. Cusi’s freeze on new coal-fired projects announced in October. “The Philippines’ Department of Energy (DoE) announced… that a moratorium on coal will be implemented, but this does not cover planned CFPs (coal-fired power plants), which will result in a 135% increase in coal capacity once all are operational,” CAA, a non-government organization (NGO), said.

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Philippine Press Institute Civic Journalism Community Press awardee for the following: 2013 Best in Business and Economic Reporting 2014 Best in Environmental Reporting 2017 Best in Business and Economic Reporting 2018 Best in Business and Economic Reporting

D.I.Y. WARNING DEVICE. Fishermen in General Luna, Siargao Island prepare to release their makeshift warning device early evening. Made of kerosene lamps placed inside wine bottles on an improvised floater of wood and Styrofoam balls, this device will remind approaching boats of the fishing net’s location so it won’t get damaged. mindanews photo by roel n . catoto

Jail for those using DQR codes for ‘non-essential movement’ By ANTONIO L. COLINA IV, MindaNews

DAVAO City– Dabawenyos using the Safe Davao QR (DQR) for “non-essential movement” may be jailed for one month after the local council passed on third and

final reading Monday an ordinance requiring the mandatory implementation of the system for all establishments and individ Aut h ore d by D av a o

City’s 1st District Councilor J. Melchor B. Quitain Jr., the ordinance penalizes individuals who take advantage of the DQR for “non-essential” purposes, use cancelled DQR codes, or JAIL/PAGE 11

it is allowed to return to the streets. The TWG is composed o f LT F R B - 1 0 , L a n d Transportation Office-10, Cagayan de Oro City Police Office, Traffic Management ANGKAS/PAGE 11

Ranque assumes as LTO 10 asst. director By MARK FRANCISCO

S U P E R V I S I N G transportation and regulatory of f i ce r Ar t hur R anque assumed on December 7 as the new assistant director of the Land Transportation Office (LTO) in Region 10. Ranque replaces outgoing assistant regional director Emmanuel Talento who had opted to retire early. Part of the duties of an ASSUMES/PAGE 11

RANQUE

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