BusinessWeek Mindanao (December 28-30, 2020)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XI, No. 87

AS OF 6:00 PM DEC. 22, 2020 (TUESDAY)

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Briefly Davao inflation DAVAO City -- Davao Region's year-on-year regional inflation dropped to 1.6 percent in November this year, the Philippine Statistics Office in Region 11 (PSA-11) said Monday. In a statement, PSA-11 said the current inflation was lower as compared to the previous month at 2.0 percent and relatively higher in comparison to the same month of the previous year (0.7%). PSA attributed the November inflation slowdown to the slower annual increment in Transport's index from 2.3 percent to 1.4 percent in November.

Coffee procesding BUTUAN City– The local government unit (LGU) of Las Nieves town in Agusan del Norte has welcomed the establishment of the P19-million coffee processing center, which will start construction in the first quarter of next year. The “Green Coffee Bean Production and Marketing" is a project jointly funded by the World Bank (WB), the Provincial Government of Agusan del Norte, and Philippine Rural Development Project (PRDP) under the Department of Agriculture (DA) that aims to establish a modern, value chainoriented and climate-resilient agriculture and fisheries sector. Seen to increase the coffee bean production and trade in the town and the nearby areas in the province, the processing center will be established with the Casiklan Wheels Farmers Association Inc., as the partner organization.

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BARMM bullish on investment prospects www.businessweekmindanao.com

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By BONG S. SARMIENTO, MindaNews

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ORONADAL City– The economic team of the Bangsamoro Autonomous Reg i on in Muslim Mindanao (BARMM) is bullish on the area’s investment prospects with the formal inclusion of Cotabato City to the region, particularly in boosting BARMM’s financial system. BARMM is slated to formally welcome to its fold tomorrow, December 15, Cotabato City, the seat of government of the BARMM as well as the defunct Autonomous Region in Muslim Mindanao. Ishak Mastura, chair of the BARMM Regional Board of Investments (RBOI), lamented that BARMM is the country’s region with the least banks, but the inclusion of Cotabato City to the Bangsamoro region will drastically change the financial landscape PROSPECTS/PAGE 9

EERILY QUITE. The Marco Polo Davao stands eerily quiet this Christmas season. Mindanao’s first and only five-star hotel stopped operations last June “mainly because of the effects of COVID-19.” mindanews photo

P7-B M'nao transmission backbone now complete By MYRNA M. VELASCO, Contributor

TRANSMISSION firm National Grid Corporation of the Philippines (NGCP) has completed and energized

the 230-kilovolt Toril-Bunawan transmission line, which forms the COMPLETE/PAGE 9

Technical working group formed for Agus-Pulangui assets’ privatization By MYRNA M. VELASCO, Contributor

LATE SHOPPERS. Christmas shoppers in Davao City join the long queue for jeepneys outside a mall. mindanews photo

A MULTI-sectoral technical working group (TWG) has been created to deliberate and sort out issues and

concerns on the planned privatization of the 728-megawatt Agus-Pulangui GROUP/PAGE 11

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