BusinessWeek Mindanao (November 10-11, 2021)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 65

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Philippine Press Institute Civic Journalism Community Press awardee for the following: 2013 Best in Business and Economic Reporting 2014 Best in Environmental Reporting 2017 Best in Business and Economic Reporting 2018 Best in Business and Economic Reporting

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DOE shuns 'coal phaseout' X X in climate summit pledge Briefly Thank you for trusting us!

Market Indicators

AS OF 6:00 PM NOVEMBER 8, 2021 (TUESDAY)

FOREX

PHISIX

US$1 = P 50.16

7,396.22

0.17

55.45

cents

points

By MYRNA M. VELASCO, Contributor

Sustainable living

T

BRIA Homes, a subsidiary of Villar-owned Golden MV Holdings Inc., emphasized that its Davao housing developments in Davao has incorporated sustainable living policy. Red Rosales, president of BRIA Homes, said that its developments in Panabo, Tagum, and Digos all promote sustainable lifestyles. “Responsible Filipino homeowners must aspire for a life of sustainability—one that safeguards the environment not just in the ‘here and now’ but for future generations as well. This is why BRIA tirelessly promotes sustainable lifestyles in each of its fifty-plus communities nationwide,” said Rosales.

Banana livelihood UPLAND farmers in Maguindanao, mostly members of the Teduray indigenous people, have started developing an initial five-hectare area to plant the Cardava banana variety to diversify their income sources away from traditional crops such as rice and corn. “I hope that this will encourage other people to go into Cardava planting (and not just Cavendish which is the traditional export variety) because there is also available market and good income for Cardava,” Ishak V. Mastura, chair of the regional Bangsamoro Board of Investments (BBoI), said following the Oct. 29 groundbreaking ceremony for the project. The BBoI helped forge a partnership between Datucampong Banana Plantation, the new investor, and Usman Banana Plantation, the source of Cardava seedlings which provides technical as well as marketing assistance.

Conflict monitoring THE World Bank has proposed extending a $738,000 grant to fund a conflict and data analysis project for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM). In a letter agreement dated Oct. 28, the World Bank, as administrator of the state and peace-building fund, proposed the grant in response to a financial assistant request made on behalf of International Alert. The grant is financed out of a trust fund based on periodic contributions from donors. The World Bank in May said it started to manage the trust fund receiving foreign financing for BARMM development, with the Australian government and the European Union pledging contributions.

BASTE FOR MAYOR. Davao City Vice Mayor Sebastian Duterte talks to reporters outside the office of the Commission on Elections in Magsaysay Park, Davao City, after filing his certificate of candidacy for Mayor yesterday, Nov. 9. Mayor Sara Duterte withdrew from the mayoralty race in favor of brother Sebastian, but has kept mum about her future plan. mindanews photo by manman dejeto

HE Department of Energy (DOE) has steered clear of any commitment to phase out coal-fired power plants in the Philippines, as stipulated in its pledge to the ongoing 26th Conference of the Parties (COP) Climate Change Summit in Glasgow, Scotland. In a formal correspondence to Alastair Totty, chargé d’affaires at the British Embassy-Manila, who solicited the country’s support to the “Global Coal to Clean Power Transition Statement” that was launched at the COP26 Summit by the Energy Transition Ministerial Meeting, DOE Secretary Alfonso G. Cusi said the country’s unwavering support to energy transition will primarily rely on renewable energy (RE) installations and deployment of energy efficiency technologies. There is nothing in the DOE’s letter-commitment that it will pull the plug on coal-fired power generation in the country. Instead, the energy secretary demanded “climate justice” from more industrialized nations that have spewed higher scale carbon emissions which ended up to be very disastrous to humanity, including to COAL/PAGE 7

Sara withdraws from mayoralty race; Red tide warning up over Baroy coastal waters: BFAR Baste is substitute for mayor By ANTONIO V. COLINA IV, MindaNews

DAVAO City – Mayor Sara Duterte on Monday afternoon withdrew from the mayoralty race in favor of youngest brother Sebastian, who will be her substitute for the post of Mayor. S e b a s t i an , w h o w a s certain of a second term as Vice Mayor as he is running unopposed for that post, had announced at noon that he had withdrawn his candidacy

for Vice Mayor without citing any reason. He merely said he had “no other details to share at the moment.” The “moment” came less than three hours later, when sister Sara went to the Commission on Elections office in Magsaysay Park to withdraw her candidacy for Mayor. “Ngayong hapon winiwithdraw ko ang akong

k and i d atu r a s a p ag k a Mayor ng Davao City. Si VM Baste ang papalit sa akin. Si Atty. Melchof Quitain ang nominado naming sa pagkaBise Alkalde. Ito lamang po muna. Maraming Salamat po” (This afternoon, I am withdrawing my candidacy for mayor of Davao City. Vice Mayor Baste will replace me. Atty. Melchor Quitaing has been nominated to be our Vice Mayor. This is all for MAYOR/PAGE 7

By RICHEL V. UMEL, MindaNews

ILIGAN City – The Bureau of Fisheries and Aquatic Resources (BFAR) wants the public to refrain from gathering, selling and eating shellfish from the coastal waters of Baroy, Lanao del Norte as it has been found to be positive for Paralytic Shellfish Poison (PSP) or toxic red tide beyond the regulatory limit. “ To avoi d PSP, t he public is advised to refrain

from eating, gathering or harvesting, transporting or marketing shellfish from Baroy until such time that toxicity level has gone down below the regulatory limit of 60 STX eq/100 gm of shellfish meat,” said Eduardo Gongona, BFAR National Director. Red tide toxin level in samples collected from the area is presently at 188.60 WARNING/PAGE 7

Isko Moreno’s senate bets hold multi-sectoral dialogue in CDO By GERRY LEE GORIT, Reporter

THREE senatorial bets of Aksyon Demokratiko recently held a multisectoral dialogue in Cagayan de Oro to address various issues, from politics to poverty alleviation. The consultation was led by local bet and sectoral leader Samira Gutoc of Marawi, Jopet Sison, and Carl Balita. Aksyon's standard bearer presidentiable Manila mayor Isko Moreno has not arrived for previous commitment.

He l d i ns i d e C o gon Market, the city's biggest public market, the three bets were sought for their opinion over the disqualification case filed against presidential candidate Ferdinand Marcos Jr. due to his conviction for tax evasion. Sison, a former Quezon city councilor, known for co-hosting a legal drama TV show “Ipaglaban Mo,” leaves it up to the Comelec to act on the disqualification BETS/PAGE 6

SECTORAL DIALOGUE. Senatoriable Samira Gutoc and two other bets of Aksyon Demokratiko, Dr. Carl Balita, civic leader and. Atty Jopet Sison, interact with representatives from various sectors in a consultation held inside the Cogon Market in Cagayan de Oro. photo by gerry lee gorit

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