BusinessWeek M I N DA N A O CREDIBLE
Volume X, No. 140
AS OF 6:00 PM MAY 28, 2020 (THURSDAY)
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Briefly Force majeure RURAL power utilities are asking the Energy Regulatory Commission (ERC) to ease their obligations under power contracts entered into with generating companies, while promising to provide consumers relief from bill payments as ordered. The Philippine Rural Electric Cooperatives Association (Philreca) asked the ERC Wednesday to issue a new advisory allowing electric cooperatives to invoke force majeure clauses in their power supply agreements (PSA). “As par t of our advocacy to provide affordable access to electricity, Philreca asks the indulgence of the Regulators as we appeal again the issue on Prompt Payment Discounts, minimum energy off-take, fix charges, and ‘force majeure’ provisions for the issuance of guidelines or advisory for the benefit of the memberconsumer-owners (MCO),” Philreca Executive Director Janeene D. Colingan said in a statement.
Returning OFWs HEEDING the directive of the national Inter-Agency Task Force on Emerging Infectious Disease (IATF-EID), the local government unit (LGU) said it already has fo r m u l a t e d g u i d e l i n e s a n d protocols in accepting Overseas Filipino Workers (OFWs) as well as locally-stranded individuals (LSIs). By establishing city patient care centers or isolation units as early as February, Mayor Oscar Moreno said Wednesday the city government is in better shape to handle the influx of stranded residents. Moreno said the local gover nment anticipated the influx of returning city residents and started preparing quarantine facilities and equipment since the start of the coronavirus disease crisis.
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Lending firms ordered to give reliefs to borrowers F
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By MARK FRANCISCO, Reporter
INANCIAL and lending institutions in Northern Mindanao have been directed to provide their borrowers more time to settle their loan obligations during the enhanced community quarantine (ECQ) and modified enhanced community quarantine (MECQ) period, the local office of the Securities and Exchange Commission in Cagayan de Oro said yesterday. The directive is contained in an advisory issued by the regulatory commission on May 20 reminding financing and lending companies
THEY’RE BACK! Sidewalk vendors are making a comeback in Malaybalay City after it slid from enhanced community quarantine to a less restrictive general community quarantine. mindanews photo taken 24 may 2020 by h . marcos c . mordeno
Holcim restarts operations LEADING cement manufacturer Holcim Philippines, Inc. has restarted manufacturing and logistics operations with stronger health and safety controls in all its sites nationwide after pausing cement production in
compliance with government quarantine measures against coronavirus disease 2019 (Covid-19). The company started to reopen its plants and terminals in La Union, Bulacan, Manila, Batangas,
and Davao following the easing by national and local governments of quarantines that started in the second half of March. Holcim’s plant in Lugait, Misamis Oriental sustained HOLCIM/PAGE 7
throughout the country to strictly comply with Section 4(aa) of Republic Act No. 11469, or the Bayanihan LENDING/PAGE 7
Incentives for companies supporting anti-Covid measures pushed By CHE PALICTE, PNA
DAVAO City – Mayor Sara Z. Duterte has asked the City Council to approve a measure that seeks to grant incentives an d re l i e f t o bu s i n e s s
establishments supporting the city government's response to the coronavirus disease 2019 (Covid-19) pandemic. MEASURES/PAGE 7
Agusan Sur frontliners relax with aromatic steam bath By CHRIS V. PANGANIBAN, Contributing Editor
PROSPERIDAD, Agusan del Sur---Frontliners and health workers in this province can now rejuvenate and detoxify their tired bodies after 24-
hour duty at the hot steam bath chambers available at the Provincial COVID-19 Task Force Emergency Operation Center and at the provincial
hospital here. Gov. Santiago Cane, Jr. initiated the setting up of the steam bath rooms as a step ahead to protect the protectors, citing the RELAX/PAGE 5
Engineer Roderico Cane shows the equipment of the pneumatic boiler he made for the use of therapeutic steam bath chambers. chris v. panganiban
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