BusinessWeek M I N DA N A O CREDIBLE
Volume XI, No. 75
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Rice sufficient AGRICULTURE Secretary William D. Dar said the rice inventory is sufficient until the end of the year despite widespread crop damage caused by consecutive typhoons. In a television interview Thursday, Mr. Dar said at the end of the year, the rice inventory will be good for 82 days’ demand despite the damage sustained by the agriculture sector. “The current supply will bring us another 82 days’ worth of rice (starting) January 2021. After that, we will have new production that can be harvested by late March and April,” Mr. Dar said in an interview on ANC.
Non-tarrif measures THE Association of Southeast Asian Nations (Asean), which the Philippines is part of, has signed a new document that will address non-tariff measures in trading coronavirus-related products within the region. In a statement Thursday, Department of Trade and Industry (DTI) Secretary Ramon Lopez said economic ministers of Asean signed the memorandum of understanding (MOU) on the Implementation of non-tariff measures (NTM) on essential goods at the sidelines of the 19th Asean Economic Community Council Meeting last Nov. 10. Under the MOU, Asean member states were urged to refrain from “introducing or maintaining trade restrictive measures on essential goods”.
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SM Prime expands footprint in M'danao www.businessweekmindanao.com
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ESPITE the worldwide onslaught of the Covid-19 pandemic, SM Prime Holdings, Inc. continued its expansion binge opening a new mall in Zamboanga City, a week after it launched SM Butuan City.
RELIEFS FOR ULYSSES VICTIMS. Veteran photojournalist Froilan Gallardo (right) gives his send off message for the donations intended for the victims of Typhoon Ulysses in Cagayan Valley initiated by the Phil. Army's 4th Infantry Division at the Lumbia airfield in Barangay Lumbia, Cagayan de Oro on yesterday. From his right is Gingoog City Mayor Erick Canosa, Mis. Or. 1st District Rep. Christian Unabia, and 4ID Assistant Division Commander Col. Michele Anayron Jr. photo by gerry lee gorit
In a statement on We dnes d ay, t he Sy-le d property developer said it is opening SM City Mindpro at the end of this week — its first mall in Zamboanga City and seventh mall in Mindanao. The building will have nearly 38,000 square meters of gross floor area, where more than 90% of the space-lease has already been awarded to tenants. “The opening of SM City Mindpro in Zamboanga is a testament to the flourishing e c onom i c a c t iv it i e s i n Mindanao boosting the confidence of SM Prime to continue its expansion plans
in the region,” SM Prime President Jeffrey C. Lim said in the statement. “ We a r e d e l i g h t e d to welcome our fel low Zamboangueños to this newest SM mall, and assure every one of safety protocols implemented in accordance to government guidelines.” Unlike the lockdown in Metro Manila — where most of SM Prime’s existing mall footprint is located — Zamboanga City has been under a “modified general community quarantine” since mid-August. This is the most relaxed form of lockdown by EXPANDS/PAGE 10
Agusan oil palm farmworkers to receive their land titles By CHRIS V. PANGANIBAN, MindaNews
SAN FRANCISCO, Agusan del Sur– After 32 years, thousands of oil palm plantation farmworkers
of a multinational company turned agrarian reform beneficiaries (ARBs) OIL/PAGE 10
3 N. Mindanao schools join QS world ranking in Asia CAGAYAN de Oro City – Three universities in the Northern Mindanao region made it to the Quacquarelli
Symonds (QS) World University Rankings in Asia this year, joining RANKING/PAGE 9
Oil palm workers in Agusan del Sur.
mindanews file photo by bobby timonera
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