BusinessWeek Mindanao (February 28 - March 1, 2022)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 110

Market Indicators

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US$1 = P51.34

0.23 cents

RELIABLE

PHISIX

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7,212.23

151.98 points

Briefly Pineapple plant DOLE PHILIPPINES, Inc.’s new fresh pineapple packing plant in Lanao del Sur was formally launched last week amid plans to expand surrounding plantations to increase output. The P306-million facility is operated by Dole Philippines subsidiary Wao Development Corp. (WDC), which registered the project with the Regional Bangsamoro Board of Investments in 2019. “The WDC pineapple packing plant is capable of operating at a capacity of 2,000,000 boxes of pineapple but our plant was designed for 6,000,000 boxes rated capacity,“ WDC President Francis Babac said in a statement issued on Sunday by the Bangsamoro government.

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DOE seeks more oil subsidy for transport www.businessweekmindanao.com

AS OF 6:00 PM FEBRUARY 26, 2022 (SATURDAY)

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ITH oil prices soaring to as high as $105 per barrel on Russia’s invasion of Ukraine, the Department o f E n e r g y ( D OE ) h a s submitted formal proposal to President Rodrigo Duterte and Congress to expand the coverage of cost subsidies for the transport sector as well as hike the cash endowment beyond the P2.5 billion already committed by the executive branch.

More halal export EXPORTS of halal goods from the Muslim-majority Bangsamoro region are expected to expand with the licensing of more halal certification firms and initiatives to boost trade links with the BruneiIndonesia-Malaysia-Philippines East ASEAN Growth Area (BIMPEAGA). Prime Certification and Inspection (PC&I) Asia Pacific, Inc., whose parent company is headquartered in Dubai, officially received its certification of registration on Feb. 3 from the Regional Bangsamoro Board of Investments (BBoI), along with four other companies. “The five companies, upon receiving this certificate of registration can fully be operational with their own respective ventures and will automatically enjoy fiscal incentives provided for by the Regional BBoI,” Ishak V. Mastura, the board’s chairman, said in a statement.

Farmers'agenda FARMERS will press the next government to repeal the Rice Tariffication Law, claiming that it has made little to no progress in meeting its objective of improving farmer prosperity after three years. “We are ready to discuss with the future administration to look at the problems and work on what needs to be done… None of (the law’s) promises were fulfilled. There was a drastic and recurrent drop in farmers’ incomes and farmgate prices,” National Manager of the Federation of Free Farmers Raul Q. Montemayor said in a virtual briefing. “There were only minimal gains for consumers, no significant improvement in farmers’ productivity, cost of production, and competitiveness, as well as flawed packaging and poor implementation of adjustment and relief measures for farmers,” he added.

DONATIONS. Seven tons of vegetables from the Cordillera arrive at Sayak Airport in Del Carmen, Siargao Island on Wednesday, last week aboard a Philippine Air Force plane. The vegetables will be distributed to residents of the typhoon-ravaged island. mindanews photo by roel catoto

CDO feted for 88% Covid-19 vax rate THE CAGAYAN de Oro City Health Office (CHO) announced that the National Vaccination Operations Center (NVOC) has lauded the city for its coronavirus disease 2019 (Covid-19) vaccination output. In an online briefer Thursday, CHO medical

officer Dr. Ted Yu Jr. said the NVOC, through Secretary Vivencio Dizon congratulated the city for being the only local government unit (LGU) in Northern Mindanao (Region 10) that achieved over 80 percent of its vaccination rate. "Earlier, the National

In its proposal, the DOE said that transport subsidy coverage shall not just be confined to public utility jeepneys (PUJs) and tricycles, but to broaden it to other modes of public transport, such as buses, taxis, the fleets of delivery riders as well as other ride-hailing services; and also the agriculture and fishing sectors. Within the precept of subsidy expansion proposal, the energ y SUBSIDY/PAGE 11

Vaccination Operations Center in Manila, through Sec. Dizon congratulated us as we are the only one (LGU) in Region 10 that achieves over 80 percent (vaccination rate). Again, we would like to thank our vaccination team for that," Yu said. FETED/PAGE 11

Cordillera farmers, groups send vegies to typhoon-hit Siargao By ROEL CATOTO, MindaNews

OPEN-PIT MINING. The crowd, including Church and indigenous peoples, inside the South Cotabato Gymnasium and Cultural Center for the public hearing on the lifting of the controversial open-pit mining ban on Thursday, 24 February 2022, in Koronadal City. mindanews photo by bong s . sarmiento

DEL CARMEN, Siargao Island – At least seven tons of assorted vegetables from the Cordillera arrived Wednesday in Siargao Island, the area hardest hit by typhoon Odette last December. The vegetables were

donated by farmers in the Cordillera, Upland Linkages, and Bangads Philippines under their activity dubbed Operation Siargao. Chelo Roces, logistics planner of Operation Siargao SEND/PAGE 11

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