BusinessWeek Mindanao (May 14-15, 2021)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XI, No. 141

Market Indicators AS OF 6:00 PM MAY 11, 2021 (TUESDAY)

FOREX

PHISIX

US$1 = P 47.51

6,326.83

X X Briefly

5.510

9.42

cents

points

Rural electrification THE National Electrification Administration (NEA) said that it has brought electricity to 362 rural villages under its Sitio Electrification Program (SEP) in the four months to April, the majority of which were in Mindanao. “Of which, 200 sitios were in Mindanao, 106 sitios in the Visayas, and 56 sitios in Luzon. These sitios’ (electrification was) funded by previous years’ General Appropriations Act[s] (GAA),” the NEA’s communications office said. The overall number of rural villages that were energized stood at 125,581 or 84.46% of the total that are within the coverage areas of 121 electric cooperatives, as of Feb. 28.

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MisOr Provincial Capitol distributes new vehicles Thank you for trusting us!

By CRIS DIAZ

M

ISAMIS Oriental: The prov incial government of Misamis Oriental distributes 64 brand-ne w vehicles worth P118.5 million for the prov inci a l c apitol department heads Thursday. Provincial Governor Yevgeny Vincente Emano hoped that the delivery of the new vehicles could fast track the basic services to the provincial people in the countryside. “With all the logistics support and a new vehicle for mobility, the delivery of the basic services by each assigned department to the provincial constituents would be more effective and efficient,” Emano said during VEHICLES/PAGE 11

A priest blesses the fleet of brand-new vehicles at the provincial capitol ground in Misamis Oriental Thursday, ready for distribution to the various offices and departments as replacement to the old, dilapidated and defective provincial service vehicles. photo by cris diaz

Normin gears for TS Crising to protect 419 susceptible brgys THE Regional Disaster Risk Reduction and Management Council (RDRRMC)-10 has alerted the 419 barangays susceptible to landslide and flood in northern Mindanao as heavy rainfall is expected starting May 14, 11:00 a.m. to 8:00 p.m. due to Tropical Storm ‘Crising.’ Local government

Rice inventory THE rice inventory as of March 1 fell 4.5% year on year to 2.08 million metric tons (MT), the Philippine Statistics Authority (PSA) said. In its rice and corn stocks inventory report, the PSA said rice stocks held by households rose 25.4% year on year to 1.23 million MT, while inventory in commercial warehouses fell 18.3% to 584.66 thousand MT. Rice stored in National Food Authority (NFA) depositories fell 44.9% to 265.32 thousand MT.

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units (LGUs) through the Department of the Interior and L o cal Government (DILG)-10 are advis e d to conduct pre-emptive evacuation measures on areas within their jurisdiction with high susceptibility to landslides and flooding as well as to reposition food PROTECT/PAGE 11

NO MASK NO ENTRY. Badjao village leader Ronald Ebbah helps man a checkpoint set up to prevent entry of potentially infected persons by checking on their temperature. None of the residents, however, have been tested for COVID-19. mindanews photo by rommel g . rebollido

Quezon LGU forges ties with DA to steer farmers towards higher yield MAYOR Pablo M. Lorenzo III of Quezon municipality in Bukidnon province recently requested the Department of Agriculture in Northern Mindanao (DA-10) to support the town’s overall goal of increasing farmers’ income and improving livelihoods.

The mayor sought DA’s a s s i s t an c e p ar t i c u l ar ly on animal dispersal programs; abaca, vegetable and fruit production; and farm mechanization strategy, among other agriinterventions to help local farmers earn more amid the

pandemic. Guided by the Department's twin goals of "Masaganang Ani, Mataas na Kita," Regional Executive Director Carlene Collado quickly convened DA-10’s technical team to discuss FARMERS/PAGE 11

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