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Volume XII, No. 63
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Briefly Banana plantation THE Bangsamoro Autonomous Region in Muslim Mindanao has started the construction of a banana plantation for Teduray farmers in Maguindanao. In a statement on Thursday, Nov. 4, the Bangsamoro Government said the plantation will be put up in Barangay Labungan, Datu Odin Sinsuat where the groundbreaking ceremony was held last October 29. The Bangsamoro Government said “initially, five hectares of Cardava Banana will be planted in Datucampong Banana Plantation within the 50-hectare area plantation in the coming months.”
Fuel subsidy THE Department of Energy (DOE) eyes to tap the proceeds from the excise tax on petroleum products as fuel subsidy amid rising pump prices. In a press conference Friday, DOE Assistant Secretary Gerardo Erguiza Jr. said there is a provision in the Tax Reform for Acceleration and Inclusion (TRAIN) Law that allows the additional government revenue to be used for social welfare and benefits programs like fuel subsidies. Under Section 82 of TRAIN Law, incremental revenues from the law can be tapped to fund “fuel vouchers to qualified franchise holders of public utility jeepneys (PUJs)” within five years from the effectivity of the act.
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'Friendship bus route' to spur Marawi's dev't www.businessweekmindanao.com
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By ANTONIO L. COLINA IV, MindaNews
D
AVAO City – The so-called “friendship bus route” between Davao City and Marawi City is expected to spur economic development in the country’s lone Islamic City after it was destroyed by a war between government forces and Islamic State-inspired groups in 2017, according to an official of the Land Transportation Franchising and Regulatory Board (LTFRB)-Davao. LTFRB-Davao director Nonito Llanos III told Davao City Disaster Radio (DCDR 87.5) that the launch of this new bus route set for the third week of this month would make travel between the two cities much easier. He added the bus operator that will serve this route will be known by next week. Llanos said Marawi City Mayor Majul Gandamra lauded the opening of this new route. He said Gandamra was optimistic this would help his city recover economically four years after the ROUTE/PAGE 7
RIVER CRUISE. A boat that ferries passengers cruises this part of the Agusan River from the loading point in Pinanaan to its destination to Poblacion in Las Nieves, Agusan del Norte in this photo taken on October 31, 2021. photo by jun ayensa
Gov’t needs P330-B to buy out coal plants in Mindanao By MYRNA M. VELASCO, Contributor
'SPAGHETTI WIRES'. Linemen do repair work amid the chaos of electrical and telecommunications cables in downtown Davao City. mindanews photo
THE Philippine government will need to shell out more than P330 billion if it will concretize its plan to ‘buy out’ coal plants in Mindanao grid as part of the country’s commitment for carbon emissions reduction at the 26th Conference of the Parties (COP 26) of the United Nations Climate Change Summit. That had been based on the calculation of sources at the Department of Energy (DOE) based on the number of coal-fired power plants that are currently operating
and providing electricity to consumers in the Mindanao grid. As culled from DOE data, the coal plants in Mindanao include the 600-megawatt Malita coal plant of SMC Global Power Holdings of the San Miguel group in Davao; 552MW Kauswagan coal plant of GNPower in Lanao del Norte; 405MW FDC Utilities Inc. plant of the Filinvest group in Misamis Oriental; 300MW Therma South facility of the Aboitiz group in Davao; 210MW COAL/PAGE 7
percent to 4 percent target due to supply issues caused by the African swine fever (ASF). “And one reason for that is some restrictions that prevent some of these imported supplies from being sold elsewhere, especially in the wet markets. So, this is something that we think should be relaxed so that more people can benefit,” IMPORTED/PAGE 7
Investment Conference (ICon 2021), said it is cheaper to import through Mindanao and from there distribute goods to the rest of the country, compared to landing the imports in Manila, which suffers from congestion. Additionally, shipping rates are more expensive going south. “I wou l d e nc ou r age importers to look at the
reverse and we do have several of them that are doing that already. We have less congestion, domestic shipping is cheaper going the other way around,” Mr. Lagdameo, president of Davao-based Damosa Land, Inc., said on Oct. 27 during the third in a series of webinars leading up to the investment conference UPGRADES/PAGE 7
'Bakuna bubble' ZAMBOANGA City — The city tourism office is intensifying the vaccination of workers in tourism-related establishments as the sector readies for the implementation of the “bakuna bubble” here. In a “bakuna bubble,” social gatherings of people in events such as weddings, birthdays, and baptismal ceremonies are allowed, provided they are all fully vaccinated. The preparation comes as Sarita Sebastian, city tourism officer, announced Monday that 95 percent of the workers in the local accommodation sector have been fully vaccinated since the vaccination rollout in this city in March this year.
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Easing of rules eyed Port upgrades set to make for imported pork Mindanao as import hub AUTHORITIES are looking i nto t he p o ss ibi l it y of relaxing rules on the selling of imported pork around the countr y, noting the elevated inflation outside of the National Capital Region (NCR) due to supply constraints. This, as the rate of price increases of pork in areas outside of the National Capital Region (NCR) continues to surpass the government’s 2
DAVAO C I T Y — Por t development in Mindanao will stimulate the logistics industry and position the southern island as a viable hub for imports that will then be transshipped south to north as an alternative to importing through Manila, a Mindanao business leader said. Ricardo F. Lagdameo, chairman of this year’s Davao
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