BusinessWeek M I N DA N A O CREDIBLE
Volume XII, No. 89
Market Indicators
AS OF 6:00 PM JANUARY 6, 2022 (THURSDAY)
FOREX
PHISIX
US$1 = P50.96
7,091.40
X X Briefly
0.43
50.13
cents
points
Odette's impact THE effective implementation of non-monetary measures to address the impact of Typhoon Odette on the supply of necessities is the key to thwarting its effect on domestic prices, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said Wednesday. “As with previous episodes of natural disasters, the effective implementation of non-monetary government intervention measures to ensure adequate domestic food supply must be sustained in order to mitigate potential supply-side pressures on inflation,” he told journalists in a Viber message. The government disbursed cash assistance to families in areas affected by “Odette”, aside from food packs.
Poultry products importation POULTRY producers said the government’s policy direction has been to import more food with no regard for the impact on domestic producers. United Broiler Raisers Association (UBRA) President Elias Jose M. Inciong said in a Viber message that the industry is still dealing with “high levels of frozen inventory, both local and imported. Import arrivals remain high.” “We expect no assistance from the Dar regime,” he added, referring to Agriculture Secretary William D. Dar. “We expect more imports. They are the ones who are helping importers to sell retail.”
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DOE told to ensure coal supply to avert brownout www.businessweekmindanao.com
Fri-Sat|January 7-8, 2022
By MYRNA M. VELASCO Contributor
W
BAKUNA HUB. Hundreds flock to a vaccination hub at People’s Park in Davao City on Wednesday. for booster shots as health officials are alarmed with the increase in COVID-19 cases just after the holidays and with the threat posed by the Omicron variant. mindanews photo
ITH the coal export ban being enforced now by the Indonesian government, the Department of Energy (DOE) is prodded on a contingency measure to ensure suf f i ci ent c o a l inventor y, that in turn could spare the country from rotational blackouts especially during the peak demand months of summer. In a call set forth by S enate C ommittee on Energy Chairman Sherwin T. Gatchalian, he prompted the energy department to explore ways “to avert possible higher coal prices” as an offshoot of the policy of Indonesia, which traditionally had been the major source of coal COAL/PAGE 10
NorMin agencies, groups continue Refrain from attending relief ops for 'Odette' victims parties, gatherings, Kagay-anons told GOVERNMENT agencies and private organizations in the Northern Mindanao Region on Tuesday continued to conduct relief operations in communities affected by Typhoon Odette that hit parts of the Visayas and Mindanao last month. In a Facebook post on Tuesday, the Department of Public Works and Highways in Nor thern Mindanao
(DPWH-10), along with civic organizations, distributed relief packs to 1,145 families in Surigao City. In a st ate me nt , t he DP W H - 1 0 re c e ive d an instruction from Secretary Roger Mercado to extend immediate assistance to the survivors, which has now been dubbed as “Tabangan ta ‘Kaw Surigao”. "The relief operations
were coordinated with the Barangay Government Units (BGUs) which were greatly affected by the typhoon, particularly, Barangay Rizal and Barangay San Juan in Surigao City. They have lost homes, livelihoods, and other necessities,” the statement said. The agency has pooled its resources through various district engineering offices in Bukidnon and Lanao del Norte. It also received donations from the District Engineers’ League of the Philippines ( DE L P ) , In c . , an d t h e Philippine Institute of Civil Engineers (PICE) – Iligan Bay Lanao del Norte Chapters. RELIEF/PAGE 10
By FROILAN GALLARDO, MindaNews
AUTHORITIES here on Wednesday urged residents to refrain from attending parties and gatherings amid concerns on an uptick of COVID-19 cases noted here five days after New Year’s Day. Dr. Ted Yu, City Health Office medical officer, said 11 COVID-19 infections were recorded in the city’s hospitals last Tuesday, compared to only three cases recorded last Monday, increasing the Average Daily Attack Rate (ADAR) to 38 percent. Yu said three of the 11 cases were infected after attending a post New Year’s
Day party in the city while the rest were infected for not practicing social distancing and wearing facemasks. He said there is now a total of 33 active cases in Cagayan de Oro with only two recoveries. “Not attending parties or gatherings is better than getting infected,” Yu said during Wednesday’s press briefing. Mayor Oscar Moreno immediately called for a review of their operational plan against the Omicron variant. REFRAIN/PAGE 10
Rice import tariff 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.
COPRA STATION. Workers in a buying station in the municipality of Dapa in Siargao Island haul copra to be brought to Surigao City. They said the next harvest may come a long time after, as majority of the coconuts were uprooted, fell, or lost their fronds as typhoon “Odette” battered the island. mindanews photo by roel n. catoto
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