BusinessWeek Mindanao (October 14-15, 2020)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XI, No. 56

AS OF 6:00 PM OCT. 13, 2020 (TUESDAY)

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Briefly Job cuts A SURVEY done by the World Bank, the National Economic and Development Authority, and the Department of Finance shows 48 percent of companies in the Philippines have reduced the number of their employees amid the Covid-19 pandemic. The survey was among 74,031 firms from July 7 to 14 to assess the impact of the health crisis to businesses. “Job loss is most significant in the education, food services, construction sectors, with greater than 60 percent of firms in these sectors having laid off their employees,” the survey said.

$213-M US aid THE United States has extended a $213-million grant to the Philippines to finance a program that aims to reduce poverty, promote private-sector-led growth, and strengthen good governance in the country. On behalf of the Philippine government, Finance Secretary Carlos Dominguez III signed the grant for the Economic Growth and Democratic Governance with Equity (EGDGE) program, which will be implemented over a five-year period until September 2025. Mission Director Lawrence Hardy II signed the accord on behalf of the US Agency for International Development (USAID).

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Pandemic derails VisMin interconnection project P

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By MYRNA M. VELASCO, Contributor

RIVATE transmission firm National Grid Corporation of the Philippines (NGCP) is re-evaluating the impact of the coronavirus pandemic, primarily on its major projects like the P52 billion Mindanao-Visayas Interconnection Project.

In a statement to the media, the company said it is “eager to finish its critical projects as close to the original timelines as possible,” hence, it is also appealing to the government if it can be helped on hurdles it has been DERAILS/PAGE 10

INTERCONNECTION DERAILED. The continued spread of the corona virus also delays the P52 billion transmission project that would interconnect the Visayas and Mindanao power grids.

Advocacy group revived vs Tampakan mining project By BONG S. SARMIENTO, MindaNews

KORONADAL City – After almost a decade of inactivity, the local Catholic church and allied groups have revived the Tampakan Forum to ignite a “systematic and sustained” opposition against the controversial Tampakan Project, Southeast Asia’s largest undeveloped copper and gold minefield in South Cotabato. Marbel Bishop Cerilo Casicas said they decided

to restore the organized opposition given the “momentum going in favor” of Sagittarius Mines, Inc. (SMI), operator of the Tampakan Project, so named because the bulk of the minerals is located in South Cotabato’s Tampakan town. “The Tampakan Forum has lain low after 2011 with the success of the campaign against SMI, REVIVED/PAGE 10

COMMUNAL FARM. An elderly member of the Consuelo Agri Farm Association in Brgy. Consuelo, General Luna, Siargao Island picks shoots of alugbati at their communal farm. The farm is one of the 35 communal gardens in Siargao Island under Hardin Ng Pagbabago, a community driven initiative. mindanews photo by roel n. catoto

Our cases are rising, our water supply failing CAGAYAN de Oro’s COVID-19 cases have breached the 1,000-mark after the City Health Office released data Saturday showing Cagayan de Oro is undergoing a surge of COVID-19 infections fueled mostly local infections — beginning August with 154 cases. The infections quadrupled to 606 cases in September, with 26 new cases reported since October 1. Already, 81% of the city’s Temporary Treatment Monitoring Facilities

(TTMF) and city isolation units are occupied (970 patients vs. 1,200 beds capacity). The city is closely monitoring the infection cluster at the Del Monte cannery in Barangay Bugo after 20 of its 4,000 workers were found infected. Factory workers are reportedly among the city’s COVID-19 “super spreaders”, making up 60 percent of confirmed infections, because many of them go home without taking a bath

and washing their hands, city health officials said. A MindaNews report said the Center for Health Development in Northern Mindanao reported a total of 3,396 cases in Northern Mindanao as of 3 p.m. on October 9, of which 1,005 are in Cagayan de Oro City, 671 of which are local cases, and 334 locally stranded individuals and returning overseas Filipinos. WATER/PAGE 10

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