BusinessWeek M I N DA N A O CREDIBLE
Volume XII, No. 9
Market Indicators
AS OF 6:00 PM JUNE 26, 2021 (SATURDAY)
FOREX
PHISIX
US$1 = P 48.48
6,950.51
X X Briefly
0.26
64.51
cents
points
Noynoy's legacy THE Employers’ Confederation of the Philippines (ECOP) on Friday recalled how former President Benigno Aquino III contributed to the betterment of the welfare of the workforce. In a statement, ECOP cited labor-related laws passed during the Aquino administration that became “instrumental in advancing tripartism and prioritizing significant labor and social policy issues”. These legislations include the Republic Act (RA) No. 10361, or the Domestic Workers Act; RA 10395, or the Strengthening Tripartism Act; RA 10771, or the Philippine Green Jobs Act; the Amendments of the Labor Code, mandating mandatory conciliation of all issues arising from labor disputes through the RA 10396; and the Amendments to the Public Employment Service (PESO) Act of 1999 through the RA 10691.
Fewer dengue cases THE number of dengue cases in the city for the first five months this year has decreased as compared to the same period in 2020. Dr. Teodulfo Joselito Retuya, City Health Office resident epidemiologist, said from January to May 2021, the city recorded 244 dengue cases or “twice lower” compared to 565 last year. About 19 dengue cases have been recorded in June based on the reports from different hospitals. In the same month last year, the city had 36 cases.
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
YOUR MINDANAO-WIDE BUSINESS PAPER
RELIABLE
www.businessweekmindanao.com
IN-DEPTH
Mon-Tue|June 28-29, 2021
P15.00
Thank you for trusting us!
MinDA pushes retention of Agus-Pulangi plants T HE MINDANAO Development Authority (MinDA) is still taking a firm opposition to the planned privatization of the Agus-Pulangi Hydropower Complex, MinDA Secretary Emmanuel F. Piñol said on Friday.
The power complex is a major green energy source for Mindanao which is due for rehabilitation that could cost up to P20 billion. Piñol said MinDA is putting forward a “policy push to keep the ownership
and control of the state-owned Agus-Pulangi Hydroelectric Complex.” “MinDA’s position is against the privatization of Agus-Pulangi Hydroelectric Complex, which is deemed RETENTION/PAGE 14
PEACE CARAVAN. A traffic enforcer checks on one of the 40 vehicles joining a convoy from Iligan City entering Cagayan de Oro City last week. The convoy was part of the “Unity Caravan” to drum up support for the extension of the Bangsamoro Transition Authority. mindanews photo by froilan gallardo
BOUNTIFUL CATCH. Tamban (sardines) abound in Buenavista, Agusan del Norte. Fisherfolk, however, say their catch has declined in recent years forcing some of them to fish in the waters of neighboring towns. photo by h . marcos c . mordeno / mindanews
Power coops urged to use embedded power By MYRNA M. VELASCO, Contributor
GIVEN well-anticipated dilemma of recurring power supply shortages, t h e c o u n t r y ’s e l e c t r i c cooperatives (ECs) are being urged to take ‘embedded power generation’ as added recourse to ensure that their
services to consumers are not disrupted. This has been the call set out by the National Electrification Administration (NEA), with it propounding that the ECs’ investment in embedded POWER/PAGE 14
Millennial docs help speed up CDO vaccination drive CAGAYAN de Oro millennial doctors, aged between 25 and 40, are sparing some of their time from regular hospital and clinic duties to help the local government and the Department of Health here speed up the Covid-19 vaccination drive. In a featurette by the City Information Office on Friday, Dr. Kristine Angeli Llacuna, 30, said she and her colleagues volunteered because they wanted to be part of the solution to the pandemic. "I encourage more health care workers, more doctors,
to join us in the fight against Covid-19. The sooner we do this, the more of us who will do this, the sooner the fight will be won," said Llacuna.
Already a volunteer in the "Doctors to the Barrios" prog r am by D OH, D r. Johaimen Maca-alang, 27, DRIVE/PAGE 14
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776