BusinessWeek Mindanao (February 21, 2020)

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BusinessWeek M I N DA N A O CREDIBLE

Volume X, No. 104

Market Indicators

AS OF 6:00 PM FEB. 20, 2020 (THURSDAY)

FOREX US$1 = P 50.540

PHISIX 7,396.94

X X Briefly

10.50

74.05

cents

points

Covid-19 hurts banana export THE spread of coronavirus disease 2019 (COVID-19) in China has already affected the country’s banana shipments that go to the world’s second largest economy and it will not take long before the outbreak’s impact could spread to other agriculture commodities. This is why the Department of Agriculture (DA) is urging local exporters to come up with “interventions” since China is one of the top markets for a lot of agricultural products coming from the Philippines. “Exporters should propose interventions and present it to us,” DA spokesman Noel Reyes said in a phone interview. “If they need help, we are ready hear their position.”

Empowerment DAVAO City — The Mindanao Development Authority (MinDA) has teamed up with a Mindanaobased university and an agricultural trading firm for an agribusiness program focusing on poor and conflict-affected communities. MinDA, in a statement, announced that it signed on Tuesday a memorandum of agreement with the Central Mindanao University (CMU) in Bukidnon and iFresh Corp. for the New Harmonizing Opportunities for People Empowerment (HOPE) Program. Under New HOPE, MinDA aims to partner with various state universities and colleges for the development of training facilities on agribusiness, entrepreneurship, and financial literacy across Mindanao, while the private sector will assist in marketing and linking co mmunities to lo c a l a n d international buyers.

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• CDA Chair Orlan Ravanera says the modernized public transport industry will hone a “diwa ng kooperatiba [culture of cooperativism]” in this part of the country

By MARK FRANCISCO, Reporter

T

HE Mindanao Daily Express (Mindex) T r a n s p o r t C o op er ative, the ne west player in the local transport industry, and MDN Digital Channel was officially launched on Tues day w ith Undersecretary Orlan Ravanera, chairman of the Coopeative Development Authority (CDA) as special guest.

Highlight of the twin launching was the blessing and inauguration of the Mindex head office and Mindanao Daily Digital Channel located at the ground floor of Tanleh building along Abellanosa Street, this city. Dante Sudaria, Mindex Tr ansp or t C o op e r at ive chairman said the entry of Mindanao Daily Express Transport Cooperative into the transport bandwagon will usher a new beginning in providing the riding public modern and comfortable ride with the implementation of the government’s PUVMP or Public Utility Vehicle LAUNCHED/PAGE 10

NEW MODERN TRANSPORT PLAYER. Cooperative Development Authority (CDA) Undersecretary Orlando Ravanera and Mindanao Daily Express Cooperative Chairman Dante Sudaria led the simultaneous inauguration of Mindanao Daily Express Cooperative (Midex) and Mindanao Daily Digital Channel on Tuesday, February 18 at Tanleh Bldg., Abellanosa St., Cagayan de Oro City. Midex is a major player transport modernization program which already secured franchises to operate various in various routes within Cagayan de Oro City and Misamis Oriental. The MDN Digital Channel, on the other hand, will also officially take off as the social media platform of Mindanao Daily Group of Newspapers. Sudaria said. photo by mark francisco

AirAsia starts flights to GenSan from Clark, Cebu in March GENERAL Santos City -Leading low-cost airline AirAsia will finally expand its operations here next month with direct flights from Clark and Mactan (Cebu) international airports. Ricardo Isla, AirAsia Philippines chief executive

officer, announced in a “bilateral meeting” with city officials on Tuesday that it has finalized the opening of its Clark-General Santos route on March 29 and CebuGeneral Santos on March 31. Isla said the round-trip flights between the city and

Clark are scheduled every Tuesday, Thursday, and Saturday. AirAsia, the third major airline to operate here, will ser vice daily round-trip flights between the city and Mactan airport in Cebu. “We’re also working on

opening direct daily flights for the Manila-General Santos route,” he said. As in its other domestic routes, he assured that the airline would offer the same quality of service and affordable fare rates. FLIGHTS/PAGE 11

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