BusinessWeek Mindanao (October 9, 2020)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XI, No. 54

AS OF 6:00 PM OCT. 8, 2020 (THURSDAY)

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Briefly Banana support THE Department of Agriculture (DA) said it will set aside P262.7 million, partly from stimulus funds, for the banana industry, supporting measures to rehabilitate farms hit by Panama disease and develop diseaseresistant varieties. Agriculture Secretary William D. Dar said around P100 million has been appropriated under Republic Act No. 11494 or the Bayanihan to Recover as One Act (Bayanihan II) to rehabilitate banana farms hit by Panama disease, also known as fusarium wilt. Fusarium wilt is caused by a soil-borne fungus.

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Two more airports eyed in Mindanao www.businessweekmindanao.com

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Halal plant THE local government of Mati City in Davao Oriental will establish a Halal-certified dressing plant for chickens, a major project aimed at making the popular surfing spot of the province globally competitive, Mayor Michelle Nakpil-Rabat said. During the Regional Consultative Forum and Promotion on Halal Food Industry on Thursday, Rabat said the construction of the plant would get a budget of P45 million to support the industry in Mindanao. “Rest assured, from the City of Mati, we will be supporting this. Mati is now going to build a P45-million dressing plant for our chicken. While it is not yet there, we will make sure that it will be Halal so that we can be competitive in the world because the whole world now is practicing Halal. When you say, ‘buy chicken, this is halal, buy beef this is halal.’ We will do the same with Mati, so globally we will be competitive,” she said.

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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

SIARGAO FISHERS. Saddled with dwindling catch and low prices, fishermen in Brgy. Santa Fe in General Luna, Siargao Island prepare their gear for another day of fishing. mindanews photo by roel n . catoto

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By ANTONIO L. COLINA IV, MindaNews

HE Department of Transportation (DOTr) will establish two new airports in Mindanao.

Mindanao Development Authority (MinDA) Assistant Secretary Romeo Montenegro said on Tuesday that the construction of the New Zamboanga International Airport and the Central Mindanao Airport Development Project in B ar ang ay Taw ant aw an , M ’ l a n g m u n i c i p a l i t y, Cotabato province would cost the government P13.93 billion and P150 million, respectively. He said that around P200 million was already

downloaded to the local government of Zamboanga City for the acquisition of the airport site in Barangay Mercedes, but ac tual construction has yet to commence. Zamboanga City has an existing international airport located in Moret Field in Barangay Canelar. MinDA S ecretar y Emmanuel “Manny” Piñol, in a post on his social media account, said that the New Zamboanga International AIRPORTS/PAGE 7

Region 11’s inflation rate in September lowest in PH By ANTONIO L. COLINA IV, MindaNews

DAVAO City — Region 11 posted an inflation rate of 0.8% in September, the lowest among the 17 regions in

the Philippines, according to the Philippine Statistics Authority (PSA). The PSA, however, said

the region’s latest inflation figure increased slightly from 0.2% reported in August. The region is composed of the provinces of Davao de INFLATION/PAGE 7

MINDANAO’S world-class coffee beans will soon be available on Amazon, the world’s largest online retailer based in Seattle, Washington in the United States, Felicitas

B. Pantoja, chief executive officer and founder of Coffee for Peace Inc. Pantoja, the lone Asian awardee of the prestigious 2020 Oslo Business for Peace

Award, said in an email that Coffee for Peace was approved by the American multinational technology firm last Sept. 24 to put COFFEE/PAGE 7

Mindanao coffee beans to be sold on Amazon

WOMEN WEAVERS. Members of Elian Bangsamoro Women and Youth Producers Cooperative in Barangay Elian, Datu Saudi Ampatuan, Maguindanao weave mats, bags, sandals and other products made from dried and dyed pandan leaves to overcome economic difficulties brought by the Covid-19 pandemic. The cooperative gets support from Islamic Relief Australia. mindanews photo by jules benitez

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


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