BusinessWeek Mindanao (February 2-3, 2022)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 99

YOUR MINDANAO-WIDE BUSINESS PAPER

RELIABLE

www.businessweekmindanao.com

IN-DEPTH

Wed-Thu|February 2-3, 2022

P15.00

Agonizing wait over with X X okay of compensation bill Briefly M

Market Indicators

AS OF 6:00 PM FEBRUARY 1, 2022 (TUESDAY)

FOREX

PHISIX

US$1 = P50.95

7,361.65

0.18

109.68

cents

points

Coal concession

THE Energy department said it is seeking challengers for a bid put in by a coal trading company for seven coal blocks in northeastern Mindanao. “This is to inform the public that the Grand Thermal Power Corp. is applying for 40-L-249, 40-L-250, 40-L251, 40-L-252, 40-L-253, 40-L-290 and 40-L-293 Coal Blocks located in Bislig City, Surigao del Sur, and Trento, Agusan del Sur,” the Department of Energy (DoE) said in its Invitation to Challenge posted on its website on Jan. 28. Bacolod-based Grand Thermal is one of 77 coal traders accredited by the DoE as of Nov. 30. Its main coal supplier is KCAL Coal Centre, Inc., according to the department.

Compensation bill THE Senate’s approval of the Marawi Compensation Bill is a huge boost to the recovery efforts of the Lanao del Sur city devastated by the 2017 siege Senate Bill 2420, or the Marawi Siege Victims Compensation Act, aims to provide compensation for the loss or destruction of private properties brought about by the five-month battle between government forces and Daesh-inspired terrorists. Task Force Bangon Marawi (TFBM) Chair and Housing Secretary Eduardo Del Rosario lauded the measure in a statement issued Monday night following the Senate's 23-0 vote.

By FROILAN GALLARDO, MindaNews

ARAWI leaders can now breathe a sigh of relief after the Senate passed the Marawi Siege Victims Compensation Act of 2021 (Senate Bill 2420) on Monday.

Now that the “agonizing wait” of thousands of Marawi residents is coming to an end, Meranaw leaders urged both the Senate and the House to convene a bicameral conference to reconcile their respective versions of the Marawi compensation bill. “We are now a step closer to rebuilding whatever is left of our properties. Our urgent call is for the Senate and the House to convene and elect the bicam members,” said Drieza Liningding, leader of the Marawi Consensus Group. The House of Representatives passed its own version, House Bill 9225 or the Marawi Compensation Act, last Sept. 6, 2021. WAIT/PAGE 7

Century-old acacia trees exuding old-world charm still teem inside a school at the poblacion of Glan, Sarangani. mindanews photo by bong s. sarmiento

Community kitchens thrive in post-Odette Siargao By ROEL CATOTO, MindaNews

GENERAL LUNA, Siargao Island – Community kitchens serving food to displaced residents here are thriving as typhoon Odette wreaked havoc not just on houses and other properties but also on sources of livelihood of farmers, fisherfolk, and workers in the tourism industry. Siargao has relied mainly on farming and fishing as a major economic driver since 2020, according to National Economic Development Authority, after its tourism industry suffered losses due

to the COVID-19 pandemic lockdowns. Tourism bounced back mid-September 2021 after a m a s s i v e v a c c i n at i on program launched by Tourism Secretary Bernadette Romulo-Puyat and Vince Dizon, dubbed ‘testing czar’ of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF). Typhoon Odette knocked down t he tour ism and agriculture sector it made its first landfall here on this island 1at 1:30 p.m. on

December 16, the first of nine landfalls in the Philippines. “World Central Kitchen and its partners, Shakeys. ph and L amari Siargao op erate a mobi le fo o d rationing to communities that are underserved by either public and non-government organizations,” Dapa Mayor Elizabeth Matugas said. Matugas was happy that they are helping different communities on the island. World Central Kitchen and its local partners have been feeding at least 105 villages daily across towns in post-Odette Siargao Island, KITCHENS/PAGE 7

CDO’s Covid-19 isolation beds increase to over 600

Rice tariffpn THE Bureau of Customs collected P17.9 billion worth of duties from rice imports as of Dec. 10, 2021, exceeding year-earlier collections on increased volumes. According to preliminary data, duties collected increased 21.9% from the P14.72 billion logged over the same period in 2020, the Department of Finance said in a statement on Sunday. The 2021 revenue total was collected off 2.8 million metric tons of rice shipments worth P51.37 billion.

GREEN THUMB. Dennis Mantilla of Barangay Bitoon in Del Carmen shows the mahogany seedlings that he is propagating. Most of the mahogany trees that his father-in-law planted were either cut or uprooted during typhoon Odette’s onslaught in December 2021. mindanews photo by roel catoto

THE Cagayan de Oro city government has received additional 141 isolation beds for coronavirus disease 2019 (Covid-19) cases from different private and public hospitals in this city. Dr. Ted Yu Jr., medical officer of the city health office (CHO), said in an online briefer Tuesday the additional beds were from various private hospitals, including the JR Borja General Hospital, a public hospital managed by the city government. This is in response to their recent meeting to fight the increasing number of admitted positive cases in the city. Yu said this brought the total of

Covid-19 beds in the city to 661 from 520 beds previously and the primary reason why the total bed utilization rate went down to 62.17 percent. C i t y M a y o r O s c a r Mo r e n o commended the huge help and effort of the different hospitals and underscored the importance of the total bed utilization rate as one of the indicators to be checked by the National Inter-Agency Task (IATF) for the Management of Emerging Infectious Disease for the Covid-19 classification in every area in the country. "Let's give a big round of applause BEDS/PAGE 7

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BusinessWeek Mindanao (February 2-3, 2022) by Mindanao Daily News - Issuu