BusinessWeek Mindanao (May 27-28, 2022)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 148

Market Indicators FOREX

PHISIX

US$1 = P52.32

6,577.45

0.05 cents

110.4

RELIABLE

X

points

Briefly New admin THE Congress on Wednesday proclaimed former senator Ferdinand “Bongbong” Marcos Jr. as the country's new president and Davao City Mayor Sara Duterte as vice president following the fastest canvassing in the country's election history. The House and Senate, acting as the National Board of Canvassers (NBOC), approved the joint canvassing committee report and adopted the accompanying resolution of both chambers on the proclamation of the duly elected winners in the May 9 presidential and vice presidential elections. The joint congressional canvassing committee, confirmed that Marcos had won the presidency by a landslide 31,629,783 votes, or more than 16 million votes ahead of second placer presidential candidate Leni Robredo.

New SRP

BUTUAN City– With the completion of the flood control project here, the flood problem along the downstream of this region’s fastest growing frontier and capital city of Butuan in Northeastern Mindanao (The Caraga Region) is now believed to be a ‘thing of the past.’ “Everybody is enjoying now following the completion of this flood control project,” Department of Public Works and Highways (DPWH 13) Regional Director Engr. Pol M. Delos Santos told The Manila Bulletin on Monday. He said that upon the directive of DPWH Secretary Roger G. Mercado, the agency has completed this flood control structure towards the downstream area of the Taligaman-Antongalon-Mahay Creek in Butuan City.

P15.00

Showdown over return of open-pit mining looms

A

GREEN watchdog, t h e C e n t e r fo r Energy, Ecology, and Development (CEED), has warned that the return of open-pit mining is expected to cause “grave environmental destruction.”

This the group said is contrary to what some analysts believe it will result in more investment that will boost the economy. In a statement, the environmental think tank said that resuming openpit mining projects will ruin forest cover in mining areas, damage natural watersheds, and expose residents to pollution. “It will cost the local government greatly in the long run when it comes to addressing the health and livelihood impacts the projects will bring to their constituents,” it added. On Monday, the South Cotabato provincial government reversed its MINING/PAGE 11

DAVAO City – The Department of Trade and Industry in Davao Region (DTI-11) advised consumers to be aware of the new suggested retail price (SPR) amid a surge in the prices of basic necessities and prime commodities (BNPCs). "We are keeping tabs on different establishments to check if their prices are still within the SRPs issued by the agency," DTI-11 regional director Maria Belenda Ambi said in a statement on Monday. The latest SRP list covers the 218 stock-keeping units ( SKUs ) o f B N P C s u n d e r DTI’s jurisdiction with 136 or 62 percent of them having retained their prices based on the SRP bulletin issued on Jan. 27, 2021.

Flood control

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SPECIAL ELECTIONS.Policemen and soldiers help ensure peaceful special elections at a school in Tubaran, Lanao del Sur. mindanews photo by ferdinandh b. cabrera

PNP: Lanao Sur special elections ‘successful’ amid tight security By DIVINA SUSON, Correspondent and EDWIN FERNANDEZ, PNA

DRYING CORN. A farmer dries yellow corn along the highway in Barangay San Rafael, Talakag, Bukidnon. mindanews photo by gregorio c . bueno

Marawi ‘bakwits’ demand to be allowed to go home By FROILAN GALLARDO, MindaNews

MARAWI City -- Desperate internally displaced Meranaws said presumptive president Ferdi nand “B ong b ong” Marcos Jr. will have to clean up the mess in the rehabilitation of Marawi City and allow them to go home before December ends this year or else they would be forced to take direct action. At least 200 “bakwits” living in temporary shelters

in the outskirts of Marawi staged a rally and forum on Monday, marking the fifth year they were displaced by months of intense street fighting between government forces and the IS-inspired Maute group who laid siege on Marawi after government forces attempted to arrest Abu Sayyaf leader Isnilon Hapilon, believed to have been anointed Emir of the

CAMP SK PENDATUN, Maguindanao -- Amid heavy security, police said Tuesday's special elections in 12 villages in the Lanao del Sur town of Tubaran went smoothly without any incident. Lt. Col. Ajid Manalumpong, L anao del Sur police provincial spokesperson, said voters “peacefully” cast their votes as early as 6 a.m. Tuesday in 15 clustered precincts scattered in Tubaran's 12 villages. “Everything is going on smoothly, we are only waiting

for the closure of voting at 7 p.m. then we transport election materials to Marawi City,” Manalumpong said in a phone interview Tuesday afternoon. As of 4 p.m., at least 3,848 individuals have cast their votes out of 6,921 registered voters in three clustered precincts, according to the special elections monitoring team of the combined police and militar y task force overseeing the polls. Manalumpong said more ELECTIONS/PAGE 11

IS in Southeast Asia. Several students also joined the rally and mounted a street play at Kilometer Zero, venue of the rally. Amenodin “Ding” Cali, dire c tor of Re claiming Marawi Movement (RMM), said that many internally displaced persons (IDPs) or “bakwits” he talked to are “contemplating of occupying government structures” inside the “Ground Zero” or Most DEMAND/PAGE 10

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