BusinessWeek M I N DA N A O CREDIBLE
Volume X, No. 59
Market Indicators AS OF 6:00 PM OCT. 22, 2019 (TUESDAY)
FOREX
PHISIX
US$1 = P 51.105
7,891.13
19
X X Briefly
cents
5.90
points
Lower tariffs
AGRICULTURE Secretary William Dar has reiterated his request to Japan Vice Minister of Agriculture, Forestry and Fisheries (MAFF) Shinya Fujiki to lower the tariffs imposed on Philippine bananas. “I would like to request your support for the preferential tariff rate of zero percent for Philippine bananas in Japan, which currently imposes an 18-percent tariff during the winter season and 8 percent during the summer,” Dar said in a statement. Japan used to be the largest importer of Philippine bananas for nearly three decades (1991-2017) until China took the spot, buying more than 1.1 million tons in 2018. This redounds to a 56-percent increase from 2017 banana imports.
Fasttracking rehab DAVAO City -- The Mindanao Development Authority (MinDA) has organized a task group to accelerate the rehabilitation of quake-stricken communities in the island. MinDA Secretary Emmanuel Piñol appointed Executive Director Janet Lopoz to head the Earthquake Rehabilitation Task Group, which was organized on Monday to ensure a faster delivery of assistance to the victims of the 6.3 magnitude earthquake that hit the southeastern part of Mindanao on October 16. Piñol said the task group will also validate and assess the extent of damage, injuries, and the number and identities of the fatalities.
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Marawi coops rebuild businesses after siege Tue-Wed|October 22-23, 2019
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By JIGGER JERUSALEM, PNA
ARAWI City -- When she and her members returned to their cooperative store after the five-month Marawi siege in 2017, Jamalia Abdulmalic said they knew they would find something in common with most of the city's residents -- they would be left with nothing.
"When we returned, it was empty. Everything was gone,” said Abdulmalic, the general manager of Al-Sahara Producers Cooperative, composed
of farmers who pool resources to improve their yield and market their products under a single entity. REBUILD/PAGE 9
Mindanao leaders grieve over Pimentel's death By NOEL PUNZALAN and ALEXANDER LOPEZ, PNA
COTABATO City -- The outpouring of grief and sympathy over the death of former senator Aquilino “Nene” Pimentel Jr. has continued, with Mindanao leaders recounting the
public servant's major contributions to the island. Officials of the Bangsamoro Autonomous Region in Muslim GRIEVE/PAGE 9
SALUTE TO A STATESMAN. Honor guards salute during the wake of the late former Senate president Aquilino Pimentel Jr. at the Heritage Memorial Park in Taguig City on Sunday. His body will be flown to his home city of Cagayan de Oro today for necrological service at the City Hall where he once served as mayor. photo grab
CDO to lead the way for M’danao industrialization By MARK FRANCISCO, Reporter
M I N DA NAO i s ab out t o b e transformed into the country's largest industrial hub with Cagayan de Oro
City at the heart of it. Local and foreign industry leaders LEAD/PAGE 9
Camiguin guv imposes strict rule on pork entry By GERRY LEE GORIT, Reporter
ABUNDANT HARVEST. Both residents and tourists taste the sweet lanzones in the town of Mambajao last Sunday. The eat-all-you-can of the 500 kilos of lanzones was to show the abundance of lanzones every year. This year the price of lanzones in Camiguin has gone down to P10 per kilo. photo by gerry lee gorit
MAMBAJAO, Camiguin – The provincial government of Camiguin has imposed a selective pork and pork products ban as the African
Swine Fever has swept Luzon. Cagayan de Oro and Misamis Oriental already imposed a temporary RULE/PAGE 9
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