BusinessWeek M I N DA N A O CREDIBLE
Volume XII, No. 18
Market Indicators FOREX
PHISIX
US$1 = P 50.235
6,693.83
0.15 cents
X
34.1
YOUR MINDANAO-WIDE BUSINESS PAPER
RELIABLE
X
points
Briefly Youth entrep THE DEPARTMENT of Trade and Industry (DTI) said Monday that it launched a youth entrepreneurship training program in the Bangsamoro Autonomous Region in Muslim Mindanao. Trade Secretary Ramon M. Lopez at the virtual launch said the program will offer training for business pitching, self-employment, and trade fair participation. “The program will encourage and embolden the participation of MSME (micro-, small-, and medium-sized enterprise) enablers in supporting youth entrepreneurship development and promotion in the region,” he said.
Cacao intercrop THE cacao industry has the potential to improve if farmers intercrop with coconut, a crop due to receive substantial support from a newlysigned law, according to the Department of Agriculture (DA). Agriculture Undersecretary Evelyn G. Laviña said by e-mail that a nixed crop of cacao and coconut can help increase incomes and productivity in both industries. Ms. Laviña said the cacao and coconut industries are set to benefit from Republic Act No. 11524, or the Coconut Farmers and Industry Fund Act.
IN-DEPTH
P15.00
Local company bats for RE in Mindanao www.businessweekmindanao.com
AS OF 6:00 PM JULY 17, 2021 (SATURDAY)
We strive for Excellence!
Philippine Press Institute Civic Journalism Community Press awardee for the following: 2013 Best in Business and Economic Reporting 2014 Best in Environmental Reporting 2017 Best in Business and Economic Reporting 2018 Best in Business and Economic Reporting
Wed-Thu|July 21-22, 2021
Thank you for trusting us!
A
LOCAL company in Cagayan de Oro City has been helping promote the use of renewable energy in Mindanao for more than a decade producing 2.508 megawatts (MW) of installed solar panels to power homes, offices, streetlights, and farms. “The sun is the limit,” said Engr. Cerael Donggay, Greenergy Solar’s president and chief executive officer, on the huge, still-untapped
market for solar energy not just in Mindanao but in the entire country. “Greenergy Solar, whose slogan is ‘Hire the Sun,’ has
certainly come a long way,” Donggay said in a statement. Greenergy Development Corporation, the parent company of Greenergy Solar, turns 13 years old and has been harnessing the power of the sun as a source of energy. Four years after its first commercial solar installation, the company’s installed capacity is now close to triple the installed capacity of the 1 MW on-grid photovoltaic COMPANY/PAGE 7
Davao City LGU won’t ban travelers from Northern Mindanao By ANTONIO L. COLINA IV, MindaNews
DAVAO City– The City Government of Davao will not ban travelers coming from Northern Mindanao even after six cases of the highly transmissible Delta variant or B.1.617.2 were detected there, Mayor Sara Duterte said Monday. Instead of a travel ban, Duterte said over Davao City Disaster Radio (DCDR 87.5) that the local government would continue to enforce the existing protocols, including the “symptoms screening” at the border checkpoint. She said the city government would continue to implement the Regional Inter-Agency Task Force for the Management of Emerging Infectious Disease and the Regional Task Force Against COVID-19 (RIATF-RTF) on the “Uniform Guidelines to Regulate Entry and Exit in Regional Borders of Region 11” issued last May 3. “We’re discussing travel from CDO (Cagayan de Oro) because, as I said, we don’t know who TRAVELERS/PAGE 7
FARMERS' FRIEND. A farmer rewards his hard-working carabao, towing a bamboo cart full of coconuts, with a splash of water as they cross the river in Barangay Bitaogan, San Isidro, Davao Oriental during a hot afternoon. mindanews photo by gregorio bueno
Duque tells Cagayan de Oro, Gingoog to intensify contact-tracing to curb spread of Delta variant By FROILAN GALLARDO, MindaNews
HEALTH Secretary Francisco Duque III tasked frontline health workers in the cities of Cagayan de Oro and Gingoog in Misamis Oriental to intensify their contact-tracing efforts to prevent the spread of the highly infections Delta variant of the coronavirus disease (COVID-19). Duque made the instructions when he met with Cagayan de Oro Mayor REEF SHARKS. Tubbataha Reefs Natural Park has some of the highest density of reef sharks in the Coral Triangle. In the photo, Oscar Moreno and Gingoog Mayor Erick 34 individual juvenile grey reef sharks were seen cruising the Cañosa last Monday to assess how the local governments were implementing reef. photo by david choy / asean center for biodiversity
the quarantine measures in the two cities. He told the two mayors that they should assume the possibility that there is already community transmission of the Delta variants in their cities. Cagayan de Oro and Gingoog were placed under the strictest Enhanced Community Quarantine last Friday after six cases of the Delta variant were found. Dr. Joselito Retuya, Cagayan de Oro’s chief epidemiologist, said they have already identified and confined the five INTENSIFY/PAGE 7
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776