BusinessWeek Mindanao (October 21, 2019)

Page 1

BusinessWeek M I N DA N A O CREDIBLE

Volume X, No. 58

AS OF 6:00 PM OCT. 18, 2019 (FRIDAY)

FOREX US$1 = P 51.295

PHISIX

X

7,885.23

X Briefly

12.50

45.32

cents

points

YOUR MINDANAO-WIDE BUSINESS PAPER

RELIABLE

New appeal THE Philippines has reiterated its request to Japan to lower tariff imposed on Philippine bananas, the Agriculture department said. “I would like to request your support for the preferential tariff rate of 0% for Philippine bananas in Japan, which currently imposes 18% tariff during the winter season and 8% during the summer,” Agriculture Secretary William D. Dar was quoted as saying in a statement. The Philippines and Japan held a bilateral meetings on the matter on Oct. 16. Japan Vice Minister of Agriculture, Forestry and Fisheries (MAFF) Shinya Fujiki said he wishes to discuss the matter in line with the on-going review of the PhilippinesJapan Economic Partnership Agreement (PJEPA).

Ham shortage THE PHILIPPINE Association of Meat Processors, Inc. (PAMPI) said it forecasts a shortage of ham in the Visayas and Mindanao due to local bans on pork products from Luzon, where the African Swine Fever (ASF) outbreak is centered. “While Cebu and Cagayan de Oro have their own ham production capabilities, their total production will not cover the needs of the region unless the ban on Luzon-produced pork-based processed meats is rationalized,” Jerome D. Ong, vice president of PAMPI, said in a statement. He said Christmas Hams are seasonal products and production capacity for this item is limited.

IN-DEPTH

Power in Mindanao back to normal: DOE www.businessweekmindanao.com

Market Indicators

We strive for Excellence!

Philippine Press Institute Civic Journalism Community Press awardee for the following: 2013 Best in Business and Economic Reporting 2014 Best in Environmental Reporting 2017 Best in Business and Economic Reporting 2018 Best in Business and Economic Reporting

Monday|October 21, 2019

P15.00

T

Thank you for trusting us!

By JOANN VILLANUEVA, PNA

HE Department of Energy (DOE) on Thursday said power situation in Mindanao is now back to normal after the 6.3 magnitude earthquake that hit the area of Tulunan, North Cotabato around 7:37 p.m. Wednesday.

DOE officials had an emergency meeting with members of the Task Force on Energy Resiliency (TFER) around 8:30 a.m. Thursday to

be updated on the situation. In an advisory, DOE said the National Electrification Ad m i n i s t r at i on ( N E A ) POWER/PAGE 11

I LOVE MARAWI. Members of an events organizing firm decorate with flowers the bullet-riddled iconic “I Love Marawi” sign to celebrate the second anniversary of the liberation of Marawi City on Thursday, October 17. mindanews photo by froilan gallardo

NPC trims Agus-Pulangui hydro rehab cost to P35-B By MYRNA M.VELASCO, Contributor

WITH continuing upgrade and reinforcements already being done for its operating

e f f i c i e n c i e s , s t at e - r u n National Power Corporation (NPC) is now reducing

the targeted rehabilitation cost for the 727-megawatt Agus-Pulangui hydropower complex to the level of P30 HYDRO/PAGE 11

Habitat unveils housing for IDPs 'no-build' zones By DIVINA SUSON, Contributor

MARAWI City -- The United Nations Human Settlements

Programme (UN-Habitat) and the Social Housing

Finance Corporation (SHFC) broke ground on last week a permanent housing project HOUSING/PAGE 11

RECYCLABLE GOWNS. Bianca Claire Bacarro, a Grade 6 pupil from Bugo Central School showcases her costume made of corn husk, coconut fiber and buds, rice sack, plastic cellophane, and paper bags in this year’s Gusa Recyclable Fashion Show held Friday (October 18, 2019) at Limketkai Rotunda in Cagayan de Oro City. The annual event is spearheaded by the Gusa Barangay Council led by chairman Marlo Tabac to raise the importance of recycling and environmental awareness. photo by mark francisco

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.