BusinessWeek M I N DA N A O CREDIBLE
Volume XII, No. 1
Market Indicators AS OF 6:00 PM JUNE 8, 2021 (TUESDAY)
FOREX
PHISIX
US$1 = P 47.75
6,796.34
X X Briefly
0.70
4.47
cents
points
Himugso THE lo c al g over nment of Cagayan de Oro will celebrate Philippine Independence Day and Charter Day anniversaries despite the modified enhanced community quarantine (MECQ) period due to the coronavirus disease 2019 (Covid-19). Cit y Mayor Oscar Moreno said it will proceed with some activities to c o m me m orate t he t wo events called "Himugso” which will begin on June 12 for the 123rd Independence Day, and culminate on June 15 for the 71st founding anniversary of this city. "The very important thing to do with this is, we have to organize it properly in order for us to be compliant with the regulations," he said in a virtual presser Saturday.
Hybrid rice AREAS PL ANTED to hybrid rice are expected to outperform other varieties by a wide margin, with observed yields so far of as much as 12 tons per hectare (t/ha), the Department of Agriculture (DA) said. Agriculture Secretary William D. Dar said in a memorandum circular that the DA will focus its efforts on 15 provinces selected for hybrid rice planting, with an expected yield advantage of at least 1 ton per hectare against the traditional inbred seed varieties. “ Many areas cannot attain the desired yield advantage and optimum yield because of various technical and agroecological reasons. Foremost among them is the limited technical support, improper nutrient management, and insufficient irrigation during the cropping period,” Mr. Dar said.
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NEA pushes write-off of power coops' debts www.businessweekmindanao.com
Wed-Thu|June 9-10, 2021
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By MYRNA M. VELASCO, Contributor
T
HE National Electrification Administration (NEA) is seeking write-off of the consumers’ “worthless receivables”, including those w hos e re c ords have b e en destroyed or already impossible to be retrieved.
In particular, NEA indicated in an addendum that it is providing clarification to the debts’ write-off mandate, following the bid of Lanao Del Sur Electric Cooperative (LASURECO) that its arrears be also expunged because records on such have already been lost or destroyed, including electronic storage devices, because of the armed conflict in Marawi in 2017. According to NEA Administrator Edgardo R. Masongsong, “the existing NEA guidelines on the writing-off of receivables do not cover such conditions as a qualification for the writing-off of said receivables.” Under the agency’s directive, he qualified POWER/PAGE 7
CDO UNDER MECQ. The face of a COVID-19 patient is framed by the window of an ambulance that came to fetch him somewhere in Cagayan de Oro City. A spike in cases prompted authorities to impose the stricter Modified Enhanced Community Quarantine. mindanews photo by froilan gallardo
CDO allots P5-M to buy antiviral Private vehicles not drug as hospitals run low on supply spared from CDO million to buy Remdesivi By FROILAN GALLARDO, MindaNews
FACED w it h mou nt i ng COVID-19 cases, the Cagayan de Oro city government here plans to buy a thousand vials of the antiviral drug Remdesivir as hospitals are running low on supply.
During the meeting of the City Council’s Committee on health and health insurance last Thursday, Sheila Ratunil of the City Health Insurance Office said city budget office wou ld be a l locat ing P5
which the Department of Hea lth describes as “an investigationa l drug for COVID-19 that requires compassionate use permit from the Food and Drug Administration.” ANTIVIRAL/PAGE 7
quarantine rules DRIVERS of private vehicles here will not be spared from pena lties if they violate minimum public hea lt h standards. Antonio Resma Jr., cochairperson of the Disiplina Muna Advocacy Team, said
on Tuesday that just like with public vehicles, private motorists must authenticate that they are authorized persons outside of residence or show Barangay Exit Passes as the city is under modified PRIVATE/PAGE 7
FISHING IN AGUSAN. Two fishermen prepare their net for another fishing trip in Buenavista, Agusan del Norte. mindanews photo by h . marcos c . mordeno
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