BusinessWeek Mindanao (October 7, 2020)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XI, No. 53

AS OF 6:00 PM OCT. 6, 2020 (TUESDAY)

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Energy efficiency THE Department of Energy (DoE) is seeking to promote energy efficiency investment in remote areas, specifically for agriculture and the so-called “last mile” of power service delivery to rural communities. The new initiative hopes to achieve the full implementation of Republic Act No. 11285, or the Energy Efficiency and Conservation (EEC) Act. “The DoE has been looking into the last-mile access projects for electricity and we have been engaging with the agriculture preand post-harvest facilities that are RE (renewable energy) own-use and are very energy efficient,” Energy Undersecretary Felix William B. Fuentebella revealed in a recent webinar.

Rural agro project NESTLÉ Philippines, the country’s biggest buyer of coffee, and the Department of Trade and Industry (DTI) on Tuesday (Oct. 6) signed a Memorandum of Understanding (MOU) to help implement the P4.781 billion Rural Agro-Enterprise Partnership for Inclusive Development and Growth (RAPID Growth) Project which aims to develop the full potential of the country’s high value crops and improve rural farmer households mostly located in the Mindanao regions. Trade and Industry Secretary Ramon Lopez (right), and Nestlé Philippines Chairman and CEO Kais Marzouki at the virtual MOU signing ceremony in support of the RAPID Growth Project. This project aims to implement the Rural Agro-Enterprise Partnership for Inclusive Development and Growth (RAPID Growth) Project which aims to foster agricultural development in the country by extending various forms of assistance including financing to farmers in various sectors.

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Wednesday|October 7, 2020

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Oro’s real estate boom stirs ravaged economy T

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By MARK FRANCISCO, Reporter

EN development permits approved within two months. Twenty thousand workers in construction and allied sectors. You’d think this occurred sometime in the rosy past before COVID-19 struck.

READY FOR NEW NORMAL Teachers from Sambulawan National High School get ready to hold classes over the air at Savior Radio in El Salvador City, Misamis Oriental, as part of the compliance of non-physical learning set by DepEd during the Covid-19 pandemic. photo by gerry lee gorit

B ut t h e s e f a c t s a re happening right now and right here in Cagayan de Oro City in the middle of a worldwide pandemic. Councilor Edgar Cabanlas, chair of the City Council’s committee on landed estate and subdivision, said in

an exclusive interview that the coronavirus-hit local economy was cushioned by continuing operations in the real estate sector, which has never stopped even through the dark days of general community quarantine in ECONOMY/PAGE 10

Metro CDO’s Water Falling Behind the Curve For all its lofty ambitions to become the Philippines next metropolis, it looks like Metro Cagayan de Oro is slipping behind the curve in providing that most essential of ingredients for a booming megalopolis: water.

Challenges’ resulting from increasing population growth foresees a n e e d for s u s t ai n a b l e infrastructure that is high performing, cost-effective, resource-efficient and environmentally-friendly. WATER/PAGE 11 Mindanao Regional Governors of the Philippine Chamber of Commerce & Industry with PCCI President Ambassador Benedicto Yujuico (4th from left) and Mindanao AVP Ghaye Alegrio (4th from right). photo supplied

5 Mindanao chapters finalists as Most Outstanding Chamber By MIKE BAÑOS, Editor-at-Large

Rising water demand due to a growing population has forced COWD to keep its deep wells operating despite the dirty brown water these bring to end consumers.

FIVE local chambers of commerce and industries of Mindanao have been chosen

as Finalists in the Philippine Chamber of Commerce and Industries search for the 2020

Most Outstanding Chamber in the Philippines. “The fact that we have 5 Local Chambers ( Iligan , FINALISTS/PAGE 10

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