BusinessWeek Mindanao (October 6-7, 2021)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 50

Market Indicators

AS OF 6:00 PM OCTOBER 5, 2021 (TUESDAY)

FOREX US$1 = P 50.65

PHISIX 6,923.60

X X Briefly

0.05

20.35

cents

points

Stricter quarantine

BUTUAN City – As coronavirus disease 2019 (Covid-19) infections continue to rise in Agusan del Sur, Gov. Santiago Cane Jr. issued Executive Order (EO) No. 22 on Monday afternoon placing the entire province under General Community Quarantine (GCQ) with stringent quarantine measures. Agusan del Sur, as classified under Resolution No. 141-A of the InterAgency Task Force for the Management of Emerging Infectious Disease, is under GCQ until Oct. 31 this year. In the new EO, Cane pointed out that the Department of Health in the Caraga Region has already placed the province under Alert Level 4 due to high cases of infections and a high rate of bed utilization in Covid-19 facilities.

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Longest flyover DAVAO City – The highly anticipated Tagum City Flyover opened to motorists on Monday. The 1.625-kilometer infrastructure, which cost P2.7 billion, is part of the “Build, Build, Build” program of the Duterte administration. Construction by the Department of Public Works and Highways of the longest flyover in Mindanao started in 2017.

P15.00

Wed-Thu|October 6-7, 2021

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By MYRNA M. VELASCO, Contributor

10-year ‘graduation plan’ on systematic reduction and eventual scrapping of subsidy in off-grid areas, or those jurisdictions not physically connected to the main power grids, is being pushed by the Department of Energy. In a draft circular, the DOE directed the National Transmission Corporation ( Tr a n s C o ) a n d t h e National Electrification Administration (NEA) to prepare the proposed 10year plan that shall flesh out the “socially acceptable reduction and or phase out of UC-ME (universal charge for missionary electrification).” The UCME is collected from all Filipino consumers s er v ing as subsidy for electricity services provided

in off-grid and remote areas. Typically, these off-grid domains would source their electricity supply from more expensive oil-fired generating facilities. To make the rate affordable to consumers, a subsidy scheme called the UCME is being applied. The recommended subsidy phase out, according to the energy department, shall be “fully reviewed and updated every three years.” The DoE emphasized SUBSIDY/PAGE 7

LOW SALES. Selling Christmas lanterns is difficult in the time of COVID-19, vendor Lorna Javier says as she waits for customers along the national highway in Ulas, Davao City. There are days, she says, when she records no sale. mindanews photo by gregorio c. bueno

Lacson-Sotto expected to file COC today October 6

Youth empowerment COTABATO City – The youth in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) are making their presence felt as they vowed to actively participate in peacebuilding activities in the region. On Tuesday, lawyer AlRashid Balt, director-general of the BARMM Ministry of Public Order and Safety (MPOS), said his agency believed the youth can be an effective sector to help bring about peace in Moro communities. “The youth activities shall have a coordinative function with law enforcement agencies such as military and police, among others, to maintain public order and safety. We have a lot of joint programs with them on peace-building,” Balt said.

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Senator Panfilo Lacson and Senate President Vicente Sotto III are expected to file their certificates of candidacy (COC) today, October 6. “We’re filing on October 6,” Lacson said in an earlier interview on ABS-CBN News Channel.

“We have the exact time to file because it is Senate President Sotto who decides on this matter because he’s the one who believes in consultations,” Lacson added. “For me I always respect such hunches or whatever FILE/PAGE 7

Liquor ban still in effect CDO despite GCQ status LIQUOR ban is still in effect throughout Cagayan de Oro City even if the coronavirus disease 2019 (Covid-19) quarantine classification has been lowered to general c om mu n it y qu ar ant i ne

(GCQ) with heightened alert for the entire month. Lawyer Jose Edgardo Uy, ch i e f of t he cit y 's Regulatory and Compliance Board, posted on Facebook BAN/PAGE 7

3-way fight looms for governor in Misamis Oriental By FROILAN GALLARDO, MindaNews

A THREE-way fight looms for the gubernatorial post in the province of Misamis Oriental. Three political figures – Cagayan de Oro Mayor Oscar Moreno, Rep. Juliet Uy of the 2nd District of Misamis Oriental, and Gingoog City Vice Mayor Peter Unabia—have all signified they will run for governor of the province. All have proven bailiwicks

and political organizations to back up their campaigns. Moreno who is now on his third term as Cagayan de Oro city mayor, was G ove r n or of Mi s am i s Oriental from 2004 to 20013 and its 1st district Representative from 1998 to 2004. Moreno is running with Ariel Hernandez, a new face in the local political scene. Hernandez is the head

MORENO

UY

UNABIA

of the Joint Normalization Committee (JNC) of the Office of the Presidential Adviser on the Peace Process,

one of the peace mechanisms between the government and the Moro Islamic Liberation Force.

The 50-year-old Hernandez hails from Gingoog City, is an NGO GOVERNOR/PAGE 6

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