BusinessWeek M I N DA N A O CREDIBLE
Volume XII, No. 123
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Wed-Thu|March 30-31, 2022
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Surigao airport reopens BUTUAN City –Regular flights at the Surigao City Airport have resumed Monday after the facility was damaged due to the onslaught of Typhoon “Odette” in December last year. “Commercial flight operations are back,” Junelito Abrazado, the city airport’s Civil Aviation Authority of the Philippines manager, said in a Facebook post. Abrazado said the airport has initially welcomed the arrival of a Cebu Pacific flight on Monday from Cebu City.
Port dredging projects THE Philippine Ports Authority (PPA) recently awarded dredging projects at various ports, including those in Manila, Ilocos Norte, Negros Occidental, Misamis Oriental, and Camiguin. The agency issued on March 21 the notice of award for the dredging of the Pasig River at South Harbor in Manila to Khan Kon Chi Construction and Development Corp., which is based in Davao City. The project cost is P253.35 million, according to a copy of the document released by the agency.
Agri subsidy THE government needs to provide subsidies to help agricultural producers survive rising costs resulting from the Russia invasion of Ukraine, while stockpiling food in anticipation of possible supply disruptions, farmer and fisherfolk organizations said. “Stockpiling food means supporting, incentivizing and promoting local production. Subsidizing local agriculture is our only way to weather this crisis,” Samahang Industriya ng Agrikultura Executive Director Jayson H. Cainglet said in a Viber message. “We are the only country with an importing mindset amidst a crisis that is disrupting global food supply and logistics. Countries may reduce or suspend their exports as a way of (addressing) their food needs,” he added.
ROSA FOR MISOR'S TEAM UNITY. The entire slates of Team Unity in Misamis Oriental led by gubernatorial candidate and former Rep. Juliette Uy (2nd District, center) and her running mate, former Vice Governor Joey Pelaez, candidates as representatives of the first and second districts, Atty. Karen Lagbad and former vice governor Atty. Julio Uy (both in green) officially declared their unequivocal support to Vice President Leni Robredo and Davao Mayor Sara Duterte in a press conference held Sunday, March 27, in the municipality of Villanueva. photo by nelson constantino
BARMM approves P278-M banana export investment C OTABATO City – Another multimillion investment has received the green light from the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) government, the regional Bangsamoro Board of Investments (BBOI) said Monday.
Lawyer Ishak Mastura, BBOI chair, said the board approved the P278 million investment of the Usman Banana Farm (UBF), a Cardava banana exporter, based in
Matanog, Maguindanao. UBF will employ 215 Bangsamoro workers, Mastura said, adding the project is seen to contribute to the EXPORT/PAGE 7
Misor's Team Unity declares support to Robredo, Sara By FROILAN GALLARDO, MindaNews
VILLANUEVA, Misamis Oriental — An influential political clan in Misamis Oriental on Sunday declared its support for Vice President Leni Robredo as President and Davao City Mayor Sara Duterte for Vice
President. Representative Juliette Uy of the 2nd district of Misamis Oriental, a candidate for governor under the National Unity Party (NUP), is the SUPPORT/PAGE 7
INNOCENT OBSERVER. A child playfully waves her hotdog-shaped balloons obviously innocent of the political color it represents as her mother attends the kick off rally of the local bets of Team Unity in Villanueva, Misamis Oriental on Friday evening, March 25. photo by gerry l . gorit
Better to give P33-B cash aid to vulnerable sectors, says DOF chief
RAIN OR SHINE. Rain-drenched supporters listen to Presidential aspirant Ferdinand “Bongbong” Marcos, Jr., deliver his speech during their campaign rally in Koronadal City, South Cotabato on Sunday, 27 March 2022, his first sortie in Mindanao during the campaign period. mindanews photo by bong s . sarmiento
D AVA O C i t y – T h e Department of Finance (DOF) has rejected proposals to suspend the excise tax on fuel as a way to reduce the impact on consumers of spiraling oil prices in the world market, asserting this move would instead end up subsidizing the expenses of affluent families more than those of low-income households.
Finance Secretary Carlos Dominguez III informed President Rodrigo Duterte during a meeting here with Cabinet officials on Tuesday night that the suspension of fuel excise taxes would lead to a massive revenue loss of P105.9 billion, or about a halfpercent of the country’s gross domestic product (GDP) this year. AID/PAGE 6
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