BusinessWeek M I N DA N A O CREDIBLE
Volume XII, No. 76
Market Indicators
AS OF 6:00 PM DECEMBER 4, 2021 (SATURDAY)
FOREX US$1 = P50.36
PHISIX 7,055.9
X X Briefly
0.04
22.65
cents
points
Tallest Christmas tree DAVAO City — The tallest Christmas tree in the Philippines was illuminated on Wednesday night. December 1 in Tagum City, Davao del Norte. In a statement Thursday, the City Government of Tagum said the Christmas tree, which stands at 195 feet, is still the tallest in the whole country. Mayor Allan L. Rellon explained the importance of the ceremonial lighting of the Christmas tree, saying it would bring joy to the residents amid the current pandemic.
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
UN vows support for BARMM labor sector www.businessweekmindanao.com
Mon-Tue|December 6-7, 2021
P15.00
Thank you for trusting us!
C
O TA B AT O City – A United Nations (UN) representative has vowed to support the labor sector of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) as the fledgling political entity continues to harness its regional resources, including its industries.
Halal market DEPARTMENT of Trade and Industry (DTI) Secretary Ramon Lopez has encouraged businesses, especially micro, small and medium enterprises (MSMEs), to explore the “halal” market. During the 4th Philippine National Halal Conference on Thursday, Lopez said the halal industry could boost Philippine exports with the developments in the global halal economy. “The halal industry will add more exports, more to our export promotions because this is really a game-changer and a new segment for our export market,” he said.
Economic resilience THE infrastructure unit of the Aboitiz Group is looking to partake in the country’s economic recovery as it sets sights on project opportunities in the industrial development, water, digital infrastructure, and transport sectors. Aboitiz InfraCapital (AIC) is optimistic that the economy will sustain its recovery from the coronavirus disease 2019 (Covid-19) pandemic, as demand for more infrastructure solutions emerges. “At the beginning of the year, we set out to revamp our brand as part of our top priorities. We want to establish InfraCap as a full-fledged strategic business unit within the Aboitiz Group, with a unique, impactful, and marketrelevant brand identity and to be known as a reliable partner for growth, dedicated to nationbuilding and uplifting the lives of Filipinos,” AIC president and chief executive officer Cosette Canilao said in a virtual press briefing Friday.
INCINERATED. Philippine Drugs Enforcement Agency (PDEA-10) laboratory technicians sort out the illegal drugs and expired medicines before these were destroyed at the Cosmopolitan Funeral Homes in Cagayan de Oro Friday Dec 3. 2021. photo by gerry lee gorit
Christmas spirit all over NorMin with lit-up displays LOCAL government units (LGUs) in Northern Mindanao welcomed December by holding various lighting events. T h e l at e s t w a s t h e "Symphony of Lights" that kicked off on a rainy Friday night. Cagayan de Oro City mayor Oscar Moreno said they proceeded with the launch of the nightly spectacle
so people will have something "wonderful" to look forward to. He also reminded the public during his speech to remain vigilant in observing basic health standards against Covid-19 and shared his elation over the success of the three-day "Bayanihan, Bakunahan" national vaccination drive. "The DOH (Department
Gustavo Gonzales, the UN resident coordinator to the Philippines, gave the assurance as he said more than half of their development projects in the country are in the BARMM as part of its support to the southern Philippines peace process. “This is what Mr. Gonzales told me when we had a meeting on Tuesday,” BARMM’s Ministry of L ab or and Employ me nt (MOLE) Minister Romeo Sema echoed Gonzales in a statement on Wednesday, adding that 65 percent of UN’s development VOWS/PAGE 7
of Health) gave us a target of 63,000, but we exceeded it with more than 78,000 or 120 percent," he said. Dr. Teodoro Yu Jr., medical officer at the City Health Office, also issued a reminder that even if the city is under Alert Level 2 until December CHRISTMAS/PAGE 7
Sea voyages, flights to Siargao cancelled By ROEL CATOTO, MindaNews
GENERAL LUNA, Siargao Island -- Boat trips and plane flights going to Siargao Island on Friday were cancelled because of heav y rains affecting Mindanao’s eastern seaboard. Boat trips to neighboring Dinagat Islands were cancelled as well. Elaine Pangilinan, acting station commander of Coast Guard St ation Siargao,
ordered the suspension of trips for vessels with capacity of 250 gross tonnage and below plying the Surigao-toSiargao route and vice versa because sea condition was “rough to very rough” with waves as high as 2.8 to 4.5 meters. Her counterpart in Coast Gu ard St at ion Dinagat Islands, Christian Robert CANCELLED/PAGE 7
HOLIDAYS. Tangub City's Christmas Village at the town plaza lights up anew in this undated photo. The annual event that features life-size displays is on its 29th year. photo courtesy of tangub city tourism office
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776