BusinessWeek Mindanao (October 16, 2019)

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BusinessWeek M I N DA N A O CREDIBLE

Volume X, No. 56

Market Indicators AS OF 6:00 PM OCT. 15, 2019 (TUESDAY)

FOREX US$1 = P 51.570

1

PHISIX 7,884.29

X X Briefly

cents

34.35 points

Ring-of-way woe DAVAO City — Aboitizcontrolled Apo Agua Infrastructura, Inc. (AAII) is seeking the support of government agencies in obtaining right-of-way and in managing road traffic associated with the construction of its P12.6-billion bulk water supply project, which is due for completion in 2021. “Apo Agua deserves to be assisted and helped in terms of moral support, understanding, especially on some challenges on the road right-of way and traffic,” Councilor Danilo C. D ayanghirang sa i d i n an interview during a site visit at the Tamugan River Monday. AAII General Manager Cirilo C. Almario III said the contractor needs multi-agency assistance particularly for the pipe-laying work to enable raw water transmission, which has started.

Mati airport LOCAL OFFICIALS, together with representatives of the Department of Transportation (DOTr) and the Civil Aviation Authority of the Philippines (CAAP), have decided to expand the development plan for the airport in Mati City, Davao Oriental to include a runway for bigger aircraft. In a meeting last week, the parties also agreed to push through with construction work using the approved P200 million rehabilitation fund for this year, according to a statement from the provincial government. The initial plan was to rehabilitate the airport and develop its system for Class 3C operations, which would allow for turbo-propelled aircraft operations.

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Growers say politics affects banana export Wednesday|October 16, 2019

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By LILYBETH ISON, PNA

HE country’s banana producers on Monday denounced the recent move of the Davao del Norte government to destroy the biosecurity installations used to protect farms from a virus feared worldwide that could cause the eradication of Cavendish bananas. The Pilipino Banana Growers and Exporters Association (PBGEA) wants “cooler heads” to intervene in what the industry sees as "coercion" by local politicians who may be unaware of the danger their actions bear on the future of the country’s top agricultural export earner. In a statement, PBGEA Executive Director Stephen Antig said the provincial government of Davao del Norte, "in its zeal to clear all road obstructions, may

inadvertently help destroy the same industry that is paying huge amounts of taxes that pay for the services provided to their constituents." Target of the road clearing operation allegedly ordered by Davao del Norte Governor Edwin Jubahib are the gates to the plantation managed by Tagum Agric ultural Development Co. (Tadeco) in Barangay Tanglaw, Dujali; El Canto Road in Barangay Balagunan; and Bugtong Lubi EXPORT/PAGE 11

KONTRA POLIO. Health Secretary Francisco Duque III administers an oral polio vaccine to a child in Marawi City, Lanao del Sur on Monday, October 14, during the launch of Sabayang Patak Kontra Polio (Synchronized Polio Vaccination), a campaign to ensure children under five will be vaccinated against polio, a disease that was supposed to have been eradicated in the country19 years ago but made a comeback this year with the first confirmed case of polio coming from Lanao del Sur. mindanews photo by froilan gallardo

Foreign funds out to finance devt projects in BARMM By CARMELITO Q. FRANCISCO, Correspondent

VARIOUS FOREIGN agencies have committed about P408 million to fund development projects in Mindanao, particularly in the Bangsamoro

Autonomous Region in Muslim Mindanao (BARMM), the Mindanao Development Authority (MinDA) FINANCE/PAGE 9

DA-Davao warns vs invasive pest from South America By ANTONIO L. COLINA IV, MindaNews

RITUALS AND MOBILE PHONES. Talaandig elder carries a chicken that had just been sacrificed during a ritual while a younger member plays with his mobile phone in Songco, Lantapan, Bukidnon on Saturday. mindanews photo by froilan gallardo

DAVAO City -- The Department of Agriculture (DA)-Davao Region has expressed fears a species of a

pest attacking some tropical and subtropical parts of South America INVASIVE/PAGE 11

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