BusinessWeek Mindanao (March 1-2, 2021)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XI, No. 112

AS OF 6:00 PM FEB. 25, 2020 (THURSDAY)

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Coke’s expansion COCA-Cola Beverages Philippines, Inc. (CCBPI) has announced that it is investing USD63 million (about PHP3.06 billion) in the country in 2021 to upgrade its factories. “The USD63 million investment will primarily go to continuing to increase our capacity, specifically this time in Luzon. Last year, we invested heavily in Mindanao because we saw lots of growth potential in Mindanao. For 2021, we’re going to invest in more production capacity primarily in our Sta. Rosa, Laguna plant,” CCBPI president and chief executive officer Gareth McGeown said in a virtual media roundtable on Tuesday. McGeown added that the investment is the “first tranche for 2021” as CCBPI is committed to continuing its investments to ramp up its production capacity in manufacturing, upgrading facilities and logistics.

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HE Department of Transportation (DoTr) said the construction start for the Mindanao Railway project is waiting on the completion of negotiations for a Chinese loan.

It said the loan from China can only be secured if the project is bid out first to Chinese contractors. The DoTr’s timeline for the start of construction was the first quarter of 2021. “Ito ay magsisimu la k ap a g n a - n e got i ate n a po ang loan natin. Then, magkakaroon po ‘yan ng detailed engineering design.

After that, magsisimula na right away ang actual construction (It will start when the loan is negotiated, followed by the detailed engineering design contract, and then immediately after comes actual construction),” Transportation Assistant Secretar y for Project Implementation-Mindanao DERAILS/PAGE 7

Cagayan de Oro City Mayor Oscar Moreno (right) Sen.Manny Pacquiao (2nd from right, seated) watch a video presentation showing the senator's programs to help the poor and less privileged Filipinos during his visit to Barangay Tablon on Friday, Feb. 26, where he handed out P1,000 in cash and food packs consisting of 5 kilos of rice and dressed chicken to residents, especially those affected by the African Swine Fever. photo by gerry lee gorit

Vivant expands in Mindanao with buyout of Zubiri’s plant

Local coops DEPARTMENT of Trade and Industry (DTI) Secretary Ramon Lopez has reiterated the agency’s support to local cooperatives as it helps the agriculture sector and micro, small and medium enterprises (MSMEs) survive amid the coronavirus disease 2019 (Covid-19). At the launch of the Agricultural Cooperative Development Agenda (ACDA) Wednesday, Lopez underscored the role of cooperatives in bringing inclusive growth at the grassroots level and their crucial part in helping the government in dealing with economic challenges brought by the pandemic. “We reiterate our commitment to fully support our cooperatives who have been integral to the government’s efforts to deal with the economic and health challenges of the Covid-19 pandemic,” he said.

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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

For bridge across Panguil Bay. Thirty-seven units of steel pipes for the Panguil Bay Bridge project arrive at the Baseport of Iligan City on Wednesday last week. The 3.7-kilometer 2-lane bridge will connect Tangub City in Misamis Occidental and Tubod town in Lanao del Norte. photo courtesy of philippine ports authority

By MYRNA M. VELASCO, Contributor

GARCIA-led Vivant Energy Corporation has expanded its power investments in Mindanao, and this was

Dakeol Forest, home to Philippine eagles, declared as critical habitat By BONG S. SARMIENTO, MindaNews

MAITUM, Sarangani — The municipal government of Maitum, Sarangani has declared the Dakeol Forest, which spans 3,000 hectares of diverse flora and fauna, as a critical habitat to protect its rich biodiversity, officials said. Mayor Alexander Bryan Reganit said the Sangguniang Bayan (SB) has designated Dakeol Forest in Barangay Batian as a critical habitat in line with Republic Act 9147 or the Wildlife Resources Conservation and Protection Act of 2001. EAGLES/PAGE 7

concretized via an equity acquisition in power generation facility owned by Senator Juan Miguel Zubiri. In a disclosure to the Philippine Stock Exchange (PSE), Vivant stated that, in tandem with its subsidiary firm Amberdust Holding Corporation (AHC), they will be acquiring 90-percent of the outstanding shares of the

Bukidnon Power Corporation (BPC) and North Bukidnon Power Corporation. The majority shares purchase will require Vivant to pay P205,539,482.54 to seller BPC; and another P228,282,140.96 for the shareholdings of North Bukidnon Power. The two firms are owned by the lawmaker, whose family and vast properties are in EXPANDS/PAGE 7

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