BusinessWeek Mindanao (May 6-7, 2022)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 139

Market Indicators

AS OF 6:00 PM MAY 4, 2022 (WEDNESDAY)

FOREX

PHISIX

US$1 = P52.5

6,802.73

X X Briefly

0.14

81.65

cents

points

MNLF bats for RoSa COTABATO City – The Moro Islamic Liberation Front (MILF) said Monday it is backing the candidacy of Davao City Mayor Sara Duterte as vice president, days after the group also declared support for the presidential bid of Vice President Leni Robredo. “Yes, the MILF is supporting Mayor Sara Duterte's vice presidential bid,” lawyer Naguib Sinarimbo, secretary-general of the United Bangsamoro Justice Party (UBJP), the MILF’s political group, said in a statement Monday. Sinarimbo's statement came after MILF chief Ahod “Murad’ Ebrahim, also UBJP president, bared to reporters last week that the party is also backing Mayor Sara.

Ease of doing biz DAVAO City – With the launch of the Anti-Red Tape Authority (ARTA) Office in this city on Wednesday, officials assured seamless government service and ease of doing business in Eastern Mindanao. The newly-opened ARTA office here is the first in Mindanao, and the first to be established outside Luzon. "We are fully supporting the vision of ARTA for the benefit of our constituents. We hope that your presence here can help streamline government processes for the business sector and strict implementation of anti-red tape," Vice Mayor Sebastian Duterte, acting city chief executive, said during the office's launching here.

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WESM-Mindanao pushed ahead of MVIP operation

T

By MYRNA M. VELASCO, Contributor

HE Wholesale Electricity Spot Market (WESM) in Mindanao is being pu s h e d for c om m erc i a l operation in June this year, ahead of the energization of the Mindanao-Visayas Interconne ction Proje ct (MVIP), which is subsequently targeted by the fourth quarter.

According to Edward I. Olmedo, senior manager for Operations Planning and Modeling of the Independent Electricity Market Operator of the Philippines (IEMOP), a definitive recommendation on WESM-Mindanao’s planned commercial operation has already been forwarded to the Department of Energy. “We had discussion with the DOE during the WESM-Mindanao review. We’re really looking at the final preparation for establishing WESM in Mindanao. OPERATION/PAGE 11

RODEO. A rodeo competition in Malaybalay City. The province's cattle industry serves as a lifeblood for a number of local politicians. mindanews file photo by h . marcos c. mordeno

Davao's banana sector gets CAMPAIGN TRAIL production, marketing aid DAVAO City — Production and marketing assistance are some of the support that Davao Region's banana sector have been getting from the Department of Agriculture (DA) to help in its recovery. In a press conference here Tuesday, Agriculture Secretary William Dar said DA has provided PHP3 million marketing and public relations campaign fund to promote Philippine bananas

in Japan. “Davao Region is the agribusiness capital of the country. Seeing that the banana industry has remained still in spite of the pandemic is a manifestation that agribusiness needs private sector to succeed,” Dar said. He noted t hat t he Philippines still ranks as second-largest banana exp or ter in t he world, BANANA/PAGE 11

Seeding rate THE Department of Agriculture - Philippine Rice Research Institute (DA-PhilRice) is urging farmers to follow the recommended seeding rate in rice production for better yields and reduced production costs. Seeding rate refers to the amount of rice seeds planted per hectare. DA-PhilRice recommends 40 kilograms (kg) per hectare for transplanted rice while 60-80kg per hectare is promoted for direct-seeded. "When this is followed, rice plants grow healthier because it can receive sufficient sunlight and evenly absorb nutrients from the soil. It can also help produce productive tillers, which would mean higher yields. This recommendation results in good yield and lower farm expenses," Rizal Corales, chief science research specialist at DA-PhilRice, explained in a statement on Tuesday.

IN-DEPTH

Green goes pink: environmental coalition backs Leni-Kiko tandem By BONG S. SARMIENTO, MindaNews

KORONADAL City– With less than a week before the May 9 elections, Alyansa Tigil Mina (ATM), a coalition of around 100 organizations across the country, threw its support Wednesday to the presidential bid of Vice

President Leni Robredo. Rene Pamplona, ATM chair, said that green groups d e c i d e d t o tu r n pi n k , Robredo’s campaign color, because of her commitment to the environment. “[The decision to support her candidacy] was four months in the making. B a s i c a l ly, t he b a s i s of our endorsement was the candidates’ anti-mining stance,” Pamplona said. In Januar y, Robredo signed a “Green Covenant” with ATM, LILAK – Purple Ac t i on for Ind i ge nou s

Women, NASSA/CaritasPhi l E colog y Prog ram, H e a l t h C a r e Wi t h o u t Harm, Environmental Science Institute (ESI) – Miriam College, Philippine Permaculture Association and GreenAgenda-Leni. “We ma ke a share d special commitment to a people-centered sustainable development that ensures food security and human rights, and preserves our country’s biodiversity, natural resources and ecological landscape for welfare of all,” the covenant read. It a d d e d : “ We w i l l COALITION/PAGE 11

'MITING DE AVANCE'. The Team Unity in Misamis Oriental holds its 'Miting de Avance' and proclamation of its local bets in the bailiwick of its major political foes in the town of Tagoloan. Led by party head and gubernatorial candidate Juliette Uy and husband, Atty. Julio T. Uy, who is also eyeing as the province's second district representative. Team Unity's standard bearer for Tagoloan is reelectionist mayor Enan Sabio, who toppled the long-reigning Emanos in the last elections. Emanos' patriarch, the late Vicente "Dongkoy" Y. Emano has been hailed as "King-maker" until his downfall in the last few election. Also proclaimed ad Team Unity candidates were Sabio's running mate Jerson Sabio and their entire slate for Sanggunian Bayan members.

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