BusinessWeek Mindanao (October 1-2, 2021)

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BusinessWeek M I N DA N A O

YOUR MINDANAO-WIDE BUSINESS PAPER

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Volume XII, No. 48

Market Indicators

AS OF 6:00 PM SEPT. 30, 2021 (THURSDAY)

FOREX

PHISIX

US$1 = P 50.865

6,934.11

X X Briefly

0.14

48.75

cents

points

Going back to business pushed THE Department of Trade and Industry (DTI) is proposing to allow all businesses to remain open at all alert levels but varying operating capacities. “The idea is business activities, economic activities should continue at all alert levels and you just change the operating capacity. So at least there is still (business) continuity,” DTI Secretary Ramon Lopez said in an interview with ABS CBN News Channel (ANC) Thursday. He added that operating capacity should be reduced when an area reached Alert Level 4.

More ODA THE Philippines' active official development assistance (ODA) portfolio reached $30.7 billion last year, a 46.6 percent increase from the previous $20.9 billion in 2019, the National Economic and Development Authority (NEDA) reported Monday. Based on NEDA’s recently released ODA Portfolio Review Report for CY 2020, the active ODA portfolio consisted of 30 program loans, 76 project loans, and 251 grants. Among these, 59 loans and grants were signed in 2020, consisting of 20 program loans ($8.2 billion), 14 project loans ($2.9 billion), and 25 grants ($140 million).

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Refrain collection of investment fund fees By MYRNA M. VELASCO, Contributor

T

HE Energy Regulator y Commission (ERC) has ordered two electric co op eratives (ECs) to stop passing on to their customers the charges on “reinvestment fund for sustainable capital expenditures” (RFSC) pending compliance to regulatory mandate on the submission of documents that will determine the extent of collections that they already cornered on the specified cost-item. The power utilities meted with that stop-collection order are Camiguin Electric Cooperative Inc. (CAMELCO) and Bukidnon Second Electric Cooperative Inc. (BUSECO). “The ERC orders were issued pending the ECs’ compliance with the regulator’s directive to submit an update on their respective RFSC collection as approved by the Commission,” the industry regulator said. COLLECTION/PAGE 11

CAMINERO. A caminero (road construction worker) struggles to carry a whole sheet of resin-coated plywood along Iligan City’s circumferential road in Barangay Del Carmen. This landslide-prone part of the newly built diversion road is now being repaired, installing concrete walls on both sides. mindanews photo by bobby timonera

Meranaw mayors, NGO unite in fight against tuberculosis By FROILAN GALLARDO, MindaNews

CRYSTAL CLEAR WATER. Local tourists have fun in the crystal clear waters of a beach resort in Glan, along Sarangani Bay. mindanews photo by bong s. sarmiento

MARAWI City — Twentythree year-old “Ben” (not his real name) wanted to work abroad to help support his family in Saguiaran town, Lanao del Sur. He prepared his travel documents after a restaurant accepted his application to

5 firms in Koronadal penalized for violating COVID-19 protocols By MINDANEWS

KORONADAL City – Five business establishments here have been meted with fiveday temporary closure while 82 others received warnings from the city government

for violating the coronavirus disease (COVID-19) safety protocols. Mayor Eliordo Ogena said Wednesday the penalty was based on the series of

random surprise inspections conducted since last week by a composite team commissioned by the local government. He said the five businesses that were ordered closed for PENALIZED/PAGE 11

work as a waiter in Abu Dhabi, United Arab Emirates in February 2020. After he completed all the requirements, Ben went to Manila to take the final medical checkup for his departure. “My family had to borrow money to buy my plane ticket for Manila. We are not rich. I needed the job to support them,” Ben said. Ben is one of the thousands o f Me r a n aw r e s i d e nt s still struggling to survive the squalid conditions in temporary shelters after the 2017 Marawi siege drove them away from their homes. The five-month urban warfare between government troops and the Islamic State-inspired

Maute Group uprooted over 350,000 civilians and destroyed the core of Marawi. As of May 31, some 17,446 families (87,230 individuals) remained displaced due to the Marawi siege, data from the United Nations High Commissioner for Refugees (UNCHR) showed. The UNHCR said the COVID-19 pandemic heightened the health risks of the internally displaced persons (IDPs) and their communities because of limited access to health care. When the medical findings came out, the world came crashing down on Ben. The clinical tests found him to have mild pulmonary tuberculosis, a contagious, airborne disease that mainly UNITE/PAGE 11

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