BusinessWeek Mindanao (November 19-20, 2021)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 69

Market Indicators FOREX

PHISIX

US$1 = P50.39

7,349.82

0.09 cents

X

17.6

X

points

Briefly Trade expo GENERAL Santos City – The Department of Trade and Industry (DTI) in Region 12 (Soccsksargen) is targeting to generate around P10 million in sales in the week-long grand trade expo and products showcase here that will open on November 15. Robert Orfrecio, chief of DTIRegion 12’s micro, small, and medium enterprises (MSMEs) development division, said at least 24 MSMEs from parts of Region 12 have confirmed as of Thursday to join the exposition, which is considered the “biggest and grandest” in the region this year. Dubbed “Yaman Dose Trade Expo: The Best of Soccsksargen,” he said it will feature over 500 new and improved products of MSMEs in the region, especially those assisted by various support programs of the agency. ---

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DEPARTMENT of Trade and Industry (DTI) Secretary Ramon Lopez is pushing for the voluntary wearing of face shield. In an online program of Daily Tribune on Friday, Lopez said there has been proposals in the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF) to make wearing of face shield voluntary. He added that even President Rodrigo Duterte is in favor of not mandating the wearing of face shield.

Drive vs cybercrimes CYBERCRIMES increased to more than P1 billion this year as more people turn to digital financial transactions since the pandemic started to adhere to movement restrictions targeted to help address coronavirus disease 2019 (Covid-19) infections. In a virtual briefing on Wednesday, Bankers Association of the Philippines (BAP) cybersecurity committee vice chair Ramon Jocson said the figure of over P1 billion losses from frauds and unauthorized withdrawals are estimates based on the reports of BAP members alone. “In terms of the volume, we estimate that it has probably gone up maybe three times as compared to 2019,” said Jocson, who is also Bank of the Philippine Islands executive vice president and chief operating officer.

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Young farmers, fisherfolk boost CDO’s food security T Thank you for trusting us!

HE Cagayan de Oro City government, through its agricultural productivity operations office (APOO), h a s s t a r te d i nv o l v i n g the youth sector in local agriculture and fishery to help ensure food security in the region.

Since its introduction in August this year, the APOO’s Bayanihan sa Agrikultura para sa Kabatan-onan, Kaumahan, ug Katubigan (BAKA) has trained 20 participants from different barangays in the city on the proper methods of farming, fishing, and agribusiness. These participants, mostly under the age of 30, were selected based on their experience and interests. “One of the issues that we are trying to address is the possible decline of these practices due to the aging population of our farmers and fisherfolk,” Ezel Lambatan, BAKA’s program director, shared during the program’s launch SECURITY/PAGE 7

'LIBA-LIBA’ FISHING. The “liba-liba” or Danish seine fishing method – which has been banned because it is destructive to coral reefs, seagrass beds and other marine habitat – is back, spotted between the municipality of Del Carmen in Siargao Island and Bucas Grande Island in Surigao del Norte. mindanews photo by roel n . catoto

Alsons income up 17% MisOr village opens P2.5-M road to P1.14 B in 9 months project under 'Build' program By MYRNA M. VELASCO, Contributor

ALCANTARA-led Alsons Consolidated Resources Inc. (ACR) posted a net income of P1.14 billion in the first nine months of this year, up 17 percent from P949 million same period in 2020. While the company is on its way to a post-pandemic recovery, it noted however that core earnings had been slightly lower at P272.92 million in the third quarter

from the year-ago level of P275.5 million. On the revenue-front, the Alcantara firm registered an uptick to P7.04 billion versus last year’s P6.43 billion within the same nine-month period. For third quarter, revenues reached P2.47 billion, an improvement from the leaner P2.02 billion posted in the same July-September stretch INCOME/PAGE 7

OFFICIALS inaugurated Thursday a P2.5-million road project in Barangay Imelda, Villanueva, Misamis Oriental as part of the government's "Build, Build, Build" national program. Barangay chairman Hermil Valledor, in a statement, said the 330-meter road and turnover of a cabover pickup truck form part of the town government and the Duterte administration’s

prioritization of building resilient infrastructures under the initiative. He said the road connects the barangay to the main highway and makes it more accessible for economic opportunities. "We are thankful for the projects implemented in our barangay, these are a huge help to all of us," Valledor said in the vernacular. Other truck recipients

under the same program include Barangays Poblacion 1, Poblacion 2, Poblacion 3, Looc, and Kimaya. Communications S ecretar y Jose Ruper to Martin Andanar, who also heads the Cabinet Officers for Regional Development and Security for Northern Mindanao Region, said the project is proof of the current administration’s full support BUILD/PAGE 7

3 new Delta cases detected in CDO By FROILAN GALLARDO, MindaNews

CONDOS ON COVE. Fishermen catch fish along Pakiputan Strait, which divides Davao City and Samal Island. In the background are the almost completed condominium projects in Azuela Cove in Lanang, Davao City. mindanews photo

JUST when residents thought the danger is over, the Cagayan de Oro City Health Office said today three new Delta cases were detected among those infected with the coronavirus disease (COVID-19) in this city. Dr. Ted Yu, CHO medical officer, said the patients have been diagnosed “clinically recovered” from COVID-19 last Nov. 5 and 6 when the new information came. Yu said the Philippine Genome Center released the news last Nov. 15 that the three patients – two

males and one female – were found positive of the highly infectious Delta strain. “The three patients are all residents of Barangay Carmen,” Yu said during the daily COVID-19 news briefing. He said the three were again isolated and would be scheduled for new rounds of swabbing tests. The discovery of the three patients, Yu said, brings the total number of Delta cases in Cagayan de Oro to 95, the highest in Mindanao. DELTA/PAGE 7

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