BusinessWeek M I N DA N A O CREDIBLE
Volume XI, No. 95
AS OF 6:00 PM JAN. 19, 2020 (TUESDAY)
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Briefly Davao earns P10.34B DAVAO City – The city government said it has fully achieved its revenue target for 2020 even amid the coronavirus disease 19 (Covid-19) pandemic. In a statement Thursday, the City Information Office quoted acting City Treasurer lawyer Lawrence Bantiding as saying that the city earned a total income of P10.34 billion from local taxes, service income, business income, economic enterprise, other income, and from the Internal Revenue Allotment (IRA). The amount exceeded the P9.6 billion income earned in 2019.
No-interest loan COTABATO City – Ninety-seven (97) marginalized, small farmers and fisherfolks (MSFF) from the 63 barangays in North Cotabato individually received P25,000.00 non-interest-bearing cash loan from the Ministry of Agriculture, Fisheries, and Agrarian Reform (MAFAR). MAFAR Minister Dr. Mohammad S. Yacob led the loan distribution on Tuesday, January 12, in the Municipality of Carmen. He said the loan aims to help the beneficiaries recover from their loss brought about by the Coronavirus Disease 2019 (COVID-19) crisis. “Karamihan sa mga magsasaka ay nahihirapan sa kanilang pamumuhay dahil sa kawalan ng kita at capital upang muling makapagsaka. Ang programang ito ay isa sa nakikita nating makakatulong sa mga farmers and fisherfolk na naapektuhan ng pandemic,” said Yacob.
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DOE moves to avert ‘summer brownouts’ www.businessweekmindanao.com
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YOUR MINDANAO-WIDE BUSINESS PAPER
Wednesday|January 20, 2021
By MYRNA M. VELASCO, Contributor
W
ITH plant shutdowns bringing power grids to breaking points again, the Department of Energy (DOE) nudged power plant owners to realign their maintenance activities to avoid brownouts during the summer months.
Energy Assistant Secretary Redentor E. Delola has called the attention of the generation companies (GenCos) on “a lot of plant outages in the past few weeks.” At this rate, Delola is not optimistic of a brownout-free summer season. “Considering the existing maintenance schedules of plants, we may have to realign our activities for the year to
ensure the level of sufficient supply,” he said, adding that some of the plant downtimes could stretch into the summer. The DOE does not see an e n c ou r ag i ng p owe r supply system, especially given forecasts of economic recovery this year. And for that, the DOE summoned the power firms this early so they can sort out BROWNOUTS/PAGE 6
BANGSAMORO FLAG. The official flag of the Bangsamoro Autonomous Region in Muslim Mindanao was unveiled Monday, in Cotabato City during the kick off ceremony for the region's second anniversary celebration on January 21, 2021. mindanews photo by ferdinand cabrera
Davao City's biz sector to donate cash for vaccines By ANTONIO L. COLINA IV, MindaNews
FROM HAWAII TO SURIGAO. Local tourists on Friday visit the landing site of Florentino Das, an intrepid Filipino sailor who made a 5,000-mile solo voyage from Kewalu Basin in Hawaii to Barangay Magsaysay in Sta. Monica town on Siargao Island. On board his self-made 24-foot sailboat, Lady Tamarau, powered by two 25-horsepower outboard engine, Das left Hawaii on May 14, 1955, supposedly for a 90-day voyage to the Philippines. Guided only by a simple compass and the stars, Das survived six storms and reached the shores of Siargao on April 25, 1956. mindanews photo by roel n . catoto
DAVAO City — S ome businessmen here have approached the local government to express their
intention to donate cash for the purchase of COVID-19 vaccines, Mayor Sara Duterte said.
Duterte said during her program over Davao City Disaster Radio (DCDR 87.5) on Friday, that the private sector was willing to help DONATE/PAGE 6
UNDETERRED by her young age, a 12-year-old girl has started raising funds for the restoration of corals in
Camiguin province. Sofia Pardo began her environmental advocacy when she was just 10, as a
graduating student of the International Baccalaureate Primary Years Program, where CORAL/PAGE 7
Girl, 12, leads fundraising for coral rehab in Camiguin
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