BusinessWeek M I N DA N A O CREDIBLE
Volume XII, No. 80
Market Indicators
AS OF 6:00 PM DECEMBER 14, 2021 (TUESDAY)
FOREX
PHISIX
US$1 = P50.32
7,197.61
X X Briefly
0.03
5.44
cents
points
Bat sanctuary 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.
Harmonizing rules of NEA, CDA THE board of the National Electrification Administration (NEA) and Cooperative Development Authority (CDA) agreed to form a technical working group (TWG) that will flesh out strategies and mechanisms to be applied in synchronizing rules and edicts being enforced on the country’s electric cooperatives. The formation of TWG had been the initial critical step taken by the two relevant agencies, so the contradictions in policies relating to the operations of the ECs could finally be straightened out. “The TWG composition is in compliance with the agreed course of action during the joint meeting of the NEA Board of Administrators and CDA board of directors,” NEA stated.
Waste-to-energy policy exemption THE Department of Energy (DOE) is instituting a policy that will exempt waste-to-energy (WTE) biomass power projects from the competitive selection process (CSP) requirement in their power supply agreements (PSAs). CSP is an auction scheme mandated upon off-taker distribution utilities, like that of the Manila Electric Company (Meralco), if they will have to procure generated capacity from power plants to become part of their supply portfolio. In a draft Circular issued to relevant stakeholders, the DOE said “eligible biomass WTE facilities shall be exempted from the conduct of CSP in entering a PSA with a distribution utility.”
We strive for Excellence!
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
YOUR MINDANAO-WIDE BUSINESS PAPER
RELIABLE
IN-DEPTH
P15.00
Bishop belies religious groups support mining Wed-Thu|December 15-16, 2021
www.businessweekmindanao.com
Thank you for trusting us!
By BONG S. SARMIENTO, MindaNews
D
AVAO City– Bishop Cirilo Casicas of the Di o c es e of Marbel in South Cotabato has slammed the developer of the controversial $5.9 billion (P297 billion at current rates) Tampakan project for claiming in a legislative hearing that the local religious sector has thrown its support to the largest undeveloped copper-gold minefield in Southeast Asia. The Sangguniang Panlalawigan of South Cotabato held a special session in Koronadal City on Thursday, December 9, regarding the petitions to lift the open-pit mining ban imposed by the provincial BELIES/PAGE 11
SHOE TIME. A sidewalk vendor fixes the shoe lace while waiting for customers along Magsaysay Avenue in Davao City on Sunday, 12 December 2021. As most of the establishments are closed on Sundays, vendors occupy the sidewalk to sell mostly ukay-ukay (pre-loved) items. mindanews photo
MisOr town residents flee ahead of ‘Odette’ By FROILAN GALLARDO, MindaNews
Motorcycle riders struggle with the strong rain and winds in General Luna, SIargao Island. The bad weather caused the cancellation of boat trips and flights to the island. mindanews photo by roel n . catoto
Women candidates for Congress push for community-based approach to COVID By YAS D. OCAMPO, MindaNews
DAVAO City – Two women candidates vying for a seat in Congress are pushing for a more community-based approach to the pandemic and the gradual decrease of a militarized response to an epidemiological issue. Peace and development worker Maria Victoria “Mags” Maglana and anesthesiologist Jean Lindo are running for a seat at the House of Representatives, Maglana as an independent candidate for the city’s first district, a post held by reelectionist
Rep. Paolo Duterte, President Rodrigo Duterte’s eldest son, and Dr. Lindo as a second nominee of the Gabriela party-list. The two shared their legislative agenda on COVID-19 during an online for u m “Fre e d om f rom COVID-19: Looking Back, Moving Forward” organized and livestreamed by the Davao for Leni group on Saturday afternoon According to Maglana, within the first few weeks of the pandemic, there were
MORE than 330 families in Gingoog City in Misamis Oriental have been evacuated to safer ground after flood waters overflowed from an unfinished dike Monday night, officials said. Gingoog City officials also suspended classes in all levels today due to heavy rains and inclement weather. Misamis Oriental d is aste r c ont rols ch i e f Fernando Vincent Dy said the Philippine Coast Guard has already prevented boats with less than 200 tonnages from venturing out to sea.
Dy said the Philippine C oast Guard, howe ver, a l l owe d fe r r y s e r v i c e s between Balingoan town in Misamis Oriental and Benoni town in Camiguin. Cagayan de Oro officials, meanwhile, postponed its Bayanihan Bakunahan 2 for December 15, 16 and 17 and closed all its vaccination centers in anticipation of typhoon “Odette.” Fearing a repeat of tropical storm “Sendong” 10 years ago, disaster officials went on full throttle in preparation FLEE/PAGE 11
already suggestions that came out of academic institutes such as the Jesse Robredo Institute of Governance at the Dela Salle University and the Joint Ateneo Institute for Mindanao Economics at Ateneo de Davao University, on handling the pandemic. The policies pushed for COVID-19 strategies in local governments as well as the assessment of vulnerability in sectors in terms of cushioning effects in the community, among others. “Paano kaya kung mag shift ang pamahalaan to more APPROACH/PAGE 10
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776