BusinessWeek M I N DA N A O CREDIBLE
Volume XII, No. 111
Market Indicators
AS OF 6:00 PM MARCH 1, 2022 (TUESDAY)
FOREX US$1 = P51.27
PHISIX 7,311.01
X X Briefly
0.07
98.78
cents
points
Caraga mining production up THE Mines and Geosciences Bureau (MGB) said the Caraga mining industry, which extracts much of the country’s nickel, posted growth of 8.93% by value in 2021 due to higher metal prices. Gross sales of Caraga shipments of mining products increased to P78.86 billion in 2021 from P72.39 billion a year earlier, the MGB said in a statement. “The increase of the mineral sales for 2021 was mainly due to the increase of metal prices in the world market. The nickel producing mines in the region have been consistent in gaining considerable earnings even in the previous years,” the MGB said.
Oil price hikes OIL companies have increased pump prices for the ninth straight week yesterday morning. In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil, and Shell said they have raised diesel prices by P0.80 per liter and gasoline by P0.90 per liter. Caltex, Seaoil, and Shell also increased kerosene prices by P0.75 per liter. With the non-stop price increase on petroleum products, year-to-date increments for gasoline stood at P8.75 per liter, P10.85 per liter for diesel, and P9.55 per liter for kerosene.
Surigao port rehab THE Philippine Ports Authority (PPA) said it recently awarded to a joint venture the P1-billion port terminal management contract for the Port of Surigao. The joint venture of Harbour Center Port Holdings, Inc. and GlobalPort Ozamiz Terminal, Inc. was awarded on Jan. 21 the P1.07-billion port terminal management contract for the Port of Surigao, according to the notice of award issued by the PPA. “You are hereby instructed to formally enter into contract with us and to post the required performance security… within 30 calendar days from the signing of the port terminal management contract,” the PPA said in its notice, as signed by General Manager Jay Daniel R. Santiago.
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MisOr mulls border control vs. bird flu www.businessweekmindanao.com
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HE Provincial Veterinar y Office (ProVet) of Misamis Oriental announced on Monday that it will implement stricter border controls to prevent the Avian Influenza virus, commonly known as the bird flu, from entering the area.
ProVet head Dr. Benjamin Resma made the announcement during the flagraising ceremony at the capitol, which he said was ordered by Governor Yevgeny Vicente Emano following the outbreak in Luzon, specifically in Pampanga and Bulacan. Resma said they met with the National Veterinary Quarantine to prohibit the entry of the “balut” (fertilized duck egg) supply at Laguindingan Airport here. “This is what we strictly monitor. BORDER/PAGE 7
LITTLE PINK GIRL. A little girl in pink enjoys playing with the water and sand at the Isla Jardin del Mar in Barangay Gumasa, Glan, Sarangani Tuesday morning (1 March 2022). The 12-year-old beach resort continues to attract local and foreign tourists even with the current pandemic. Stretching one kilometer long of white sand, the resort offers overnight villas and fun water rides. mindanews photo by jules l. benitez
More inter-regional routes seen to boost Mindanao devt M A R AW I C it y - - T h e secretary of the Mindanao Development Authority (MinDA) is hoping for the opening of more interregional routes to foster e conomic de velopment among regions in Mindanao. "Kailangan natin ng mas maraming rota sa Mindanao kasi we trade with each other and we visit each other as friends, relatives, and families [we need more routes in Mindanao because we trade with each other and we visit each other as friends, relatives, and families]," said Sec. Maria Belen Sunga-
Acosta during the launching of inter-regional routes crossing the Bangsamoro region. Acosta also stated that the inter-regional routes are not just typical infrastructure development but symbols of cooperation, hard work, commitment, and sincerity of the national, Bangsamoro regional government, local government units, and private stakeholders to push forward progress and development. "For MinDA, these routes are beacons of renewed resilience, connection, and hope. These routes will reap
stories of development, t r iumph, and har mony as we move towards development, move forward as one Mindanao, better and stronger than ever," she said. According to the MinDA chair, the newly-launched routes would also facilitate the return of displaced families to Marawi City and attract more investors and tourists to the Bangsamoro region. "Magkakaroon tayo ng maraming investors at turista [we will have a lot of investors and tourists], and this is expected to boost the ROUTES/PAGE 7
4 Mindanao areas on Alert Level 1 as Covid-19 cases drop By ANTONIO L. COLINA IV, MindaNews
FRUIT STAND. A fruit vendor makes use of an electric post to display his oranges along a sidewalk in Malaybalay City. mindanews file photo by h. marcos c. mordeno
DAVAO City — The alert level status in four areas in Mindanao is now downgraded to Alert Level 1 from March 1 to March 15 as cases of coronavirus disease (COVID-19) continue going down, acting Presidential Spokesperson Karlo Nograles announced. In a statement, Nograles
identified these areas are Zamboanga City, Cagayan de Oro City and Davao City and the island province of Camiguin. According to the Guidelines on the Nationwide Implementation of Alert Level System for COVID-1 Resp ons e of the InterCASES/PAGE 7
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