BusinessWeek M I N DA N A O CREDIBLE
Volume XII, No. 116
Market Indicators
AS OF 6:00 PM MARCH 12, 2022 (SATURDAY)
FOREX
PHISIX
US$1 = P52.15
7,124.80
X X Briefly
0.08
134.92
cents
points
Minimum health standard THE CAGAYAN de Oro city health office (CHO) here has urged the public anew to strictly adhere to minimum public health standards against the coronavirus disease 2019 (Covid-19) despite the alert status in the city being downgraded to Level 1. In an online briefer on Wednesday, CHO medical officer Dr. Ted Yu Jr. made the call after he reported the fifth batch of Omicron variant cases in the city. The CHO data showed that the new batch of Omicron cases here is comprised of seven males and seven females, respectively, from the villages of Lumbia, Balulang, Carmen, and Canitoan with two each; and also one each from Barangays Macabalan, Iponan, Bonbon, Bulua, Bugo, and Patag.
Bird flu THE Department of Agriculture in Northern Mindanao (DA10) has urged the public to report incidents of bird flu in the region. In a memorandum posted on Facebook on Friday, DA10 Director Carlene Collado said the public should stay vigilant as avian influenza has already affected quail and duck farms in Bulacan and Pampanga (Region 3), Laguna (Region 4A), and Camarines Sur (Region 5). "Occasionally mammals, including humans, may contract avian influenza. The disease detected is a variant of H5N1, which can trigger illness in humans," Collado said.
Climate resilience THE United States Agency for International Development (USAID) on Thursday launched a $15-million climate resilience project for local government units (LGUs). The project targets climate-vulnerable locations in Batangas, Legazpi, Iloilo, Borongan, Eastern Samar, Cotabato, and the Zamboanga region. USAID will help LGUs gather data for climate mitigation plans and decisions, and improve their ability to manage climate-related financing, the Department of Finance said in a statement on Thursday.
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CDO posts lowest poverty incidence rate in NorMin
C
AGAYAN de Oro City remains as having the lowest poverty incidence among all areas in Northern Mindanao, the Philippine Statistics Authority in Region 10 (PSA-10) said Thursday.
In a media forum, PSA-10 officerin-charge Janith Aves said the city only recorded 17.4 percent of poverty incidence based on the first semester of 2021 official poverty statistics. However, this is 2.3 percent higher compared to the 15.1 percent poverty incidence in the city in 2018 in the same semester. Despite the low poverty incidence rate, Aves said there are still deprived areas in the city. “If we say 17.4 [percent] is lower, that doesn’t mean that they are all not poor. This means that we still have a poor population here in areas that we have mentioned listed in the poverty incidence," she explained. Meanwhile, PSA-10 data showed LOWEST/PAGE 11
AGE DOESN'T MATTER. Age and physical limitations don't discourage this man from going to the rally of the Robredo-Pangilinan tandem in Bayugan City, Agusan del Sur on Wednesday, 9 March 2022. mindanews photo by chris v . panganiban
Bukidnon’s ‘Kaamulan’ fest resumes after 2 yrs A F T E R t wo ye ars , t he "Kaamulan" Festival in Bukidnon will resume from March 23 to April 23. In a phone interview on Saturday, provincial tourism of f icer Butch Ant hony Melendez said the monthlong festival will deviate from previous celebrations due to the continuous threat of Covid-19. Bukidnon is under Alert
Level 2 at least until March 15, along with Iligan City, Lanao del Norte, Misamis Occidental, and Misamis O r i e n t a l i n No r t h e r n Mindanao. "We only have limited activities, especially those that have physical distancing," Melendez said. There will be no street dancing parade, motocross, KAAMULAN/PAGE 11
BARMM infra budget at P4.9-B this year: DPWH INFRASTRUCTURE projects in Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) will enjoy budget funding of P4.9 billion this year, the Department of Public Works and Highways (DPWH) said. The DPWH said in a statement that ongoing projects include civil works
for the rehabilitation of 5.29 kilometers (km) of transcentral roads in Lanao Del Sur, as well as 4.71 km of road projects under the Emergency Assistance for Reconstruction and Recovery of Marawi (EARRM), which is financed by the Asian Development Bank. “Other project components
of EARRM (include) the construction of 4.32 kms of new trans-central roads with drainage, three main drainage channels with a total length of 6.21 kms, construction of Rorogagus Bridge and replacement of three other bridges, and slope protection and rehabilitation BUDGET/PAGE 11
Gov’t urged to act swiftly on oil price increases By FROILAN GALLARDO, MindaNews
BUTUAN City — Vice President Leni Robredo on Wednesday urged the national
government to act swiftly on the steep increases in the prices of fuel that have
WOMEN POWER. Women from Poblacion 5 in Dapa town, Siargao Island load flitches of coconut lumber on Tuesday (8 March 2022) to use in the repair of their homes damaged by super typhoon “Odette.” mindanews photo by roel catoto
reached record highs. Robredo said the Ukraine cr isis, widely regarded as the key driver for the current spike in oil prices, is developing fast each day. “The government should act quickly because there is no time to spare,” she told transport representatives, medical p ers onnel and students who attended the town hall meeting at Father Saturnino Urios University here. The vice president said the government had already received a bundle of proposed measures aimed to ease the impact of the war between Ukraine and Russia to the local economy. OIL/PAGE 11
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