BusinessWeek Mindanao (October 18-19, 2021)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 55

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Govt targets 18 more ecozones in Mindanao www.businessweekmindanao.com

AS OF 6:00 PM OCTOBER 16, 2021 (SATURDAY)

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Climate mitigation

Smuggled cigars ZAMBOANGA City – Policemen and Bureau of Customs (BOC) operatives here seized some P4.7 million worth of smuggled cigarettes and arrested eight suspects, a top police official announced Saturday. Col. Rexmel Reyes, Zamboanga City Police Office (ZCPO), said the 2nd City Mobile Force Company and BOC operatives were on seaborne patrol when they intercepted two motorboats around 1 p.m. Friday near Manalipa Island, east of this city. Reyes said the motorboats, locally known as jungkong, were found to be loaded with 137 master cases of assorted smuggled cigarettes worth P4,795,000.

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ORE areas in Mindanao are b e i n g c i te d a s possible economic zones that would spur the development of the island, the Philippine Economic Zone Authority (PEZA) said.

HOG RAISERS said the industry cannot withstand the volume of pork imports due to arrive based on the volume of approved import clearances. Pork Producers Federation of the Philippines, Inc. President Rolando E. Tambago said the volume of future imports, as indicated by the approved sanitary and phytosanitary import clearances (SPSICs) in the eight months to August, are “too much for the hog industry to take.” According to the Bureau of Animal Industry, pork imports with approved SPSICs amounted to 837,955.34 metric tons (MT) as of Aug. 31, from 276,424.23 MT a year earlier.

THE ASIAN Development Bank (ADB) said it has funded $31.5 billion worth of climate mitigation projects since 2011, accounting for 78% of its climate-related financing. “Mitigation finance is dominated by the energy sector (60%), although there has been a recent significant upward trend in the transport sector,” the bank’s Independent Evaluation Board said in a review posted on its website Monday. Funding for adaptation projects, on the other hand, hit $8.7 billion 22%. The bank’s evaluation covered 688 projects approved between 2011 and 2020.

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FEW BUYERS. Sale of Christmas lanterns has been slow during the pandemic, says Denmar de Lima, who is displaying his items on Tionko Avenue in Davao City. mindanews photo taken oct. 15, 2021 by gregorio bueno

BARMM to operate landside facilities of Awang Airport COTABATO City – The Bangsamoro Autonomous Region in Muslim Mindanao ( BA R M M ) h a s s t a r t e d manag ing t he landside facilities of the Awang Airport in Maguindanao. The Awang Air por t, also known as the Cotabato Airport, is a Class 1 domestic airport situated in Barangay Awang, Datu Odin Sinsuat

town. It is currently serving Cotabato City, the provinces of North and South Cotabato, Lanao del Sur, and other neighboring areas. Officials of the Ministry of Tr ans p or t at i on an d Communications (MOTC), the Bangsamoro Airport Authority (BAA) of MOTC, and the Civil Aviation

Authority of the Philippines (CAAP) recently held a three-day joint inventory assessment of the airport to identify which facilities will be devolved to BAA and which ones will remain under CAAP’s supervision. The inventory team from the CAAP national office has already turned over of powers OPERATE/PAGE 7

It is looking at developing additional ecozones in 18 areas in Mindanao. In a briefing, PEZA Director General Charito B. Plaza said about 18 areas have been identified which will focus on agriculture, agro-forestry, bio-energy and fishing. The proposed zones will be located in Bukidnon, Agusan del Norte, Davao City, Sulu, Sultan Kudarat, Surigao del Sur, Misamis Oriental, Lanao del Norte, Davao del Norte, North Cotabato, Zamboanga del Norte, Zamboanga del Sur, Zamboanga Sibugay, Agusan del Sur, Basilan, Tawi Tawi, Lanao del Sur and Maguindanao. Plaza, who also hails from Butuan City, said that thesr are areas rich in agriculture, aquaculture (and) agroforestry.” She said the investment promotion ECOZONES/PAGE 7

Public warned anew over new 'fraudulent' money scheme DAVAO City – The Securities and Exchange Commission (SEC) in Davao has warned the public on Wednesday against investing in the new money scheme called Repa Paluwagan. In a st ate me nt , t he SEC-Davao clarified that the operation of the entity is a “Ponzi Scheme,” an

investment fraud that involves the payment of purported returns to existing investors from funds contributed by the new investors. Data from the Davao City Anti-Scam Unit (ASU) revealed that around 50 investors of the particular money scheme operation WARNED/PAGE 7

Duterte, Dela Rosa-Go in Marawi, Robredo in CDO By FROILAN GALLARDO, MindaNews

CAGAYAN de Oro City – Duterte and Dela Rosa in Marawi, Robredo in CDO. President Rodrigo Duterte and his political party’s Presidential and Vice Presidential candidates Ronald dela Rosa and Bong Go will be in Marawi on S at u rd ay, O c t o b e r 1 6 , for the 4th anniversar y of the liberation of the predominantly Muslim City from the IS-linked Maute and Abu Sayyaf groups. After five months of intense fighting, Duterte declared Marawi “liberated from the terrorist influence”

on October 17, 2017. The anniversary falls on a Sunday but Lanao del Sur has a “No Movement Sunday” policy, hence the President’s visit a day earlier. In neighboring Cagayan de Oro, Vice President and Presidential candidate Leni Robredo, is arriving on Saturday to help in the C OVID-19 vaccinat ion rollout. The visit of Dela Rosa-Go and Robredo is their first after they filed their certificates of candidacy last week. De la Rosa and Go are MARAWI/PAGE 7

PINK BRIGADE. A supporter of presidential candidate Vice President Leni Robredo ties pink ribbons around a tree along the boulevard in Barangay Bulua, Cagayan de Oro City as she visited the city on Friday, October 15,. mindanews photo by froilan gallardo

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