BusinessWeek Mindanao (September 18, 2020)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XI, No. 45

Market Indicators FOREX

X

US$1 = P 48.385

1 cent

PHISIX

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5,946.62

71.59

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AS OF 6:00 PM SEPT. 17, 2020 (THURSDAY)

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Briefly Full electrification THE remaining two years of the Duterte administration will still need P15 billion so it can keep its promise of fully energizing all communities and households before it steps down in 2022. NEA Administrator Edgardo R. Masongsong (Photo credit: https://www.facebook.com/ OfficialNEA/) Administrator Edgardo R. Masongsong of the National Electrification Administration (NEA) indicated that in a budget hearing at the House of Representatives when pressed on the scale of allocation for the energization of 12,000 sitios nationwide that still don’t have access to electricity. Nevertheless, the NEA chief noted that the Department of Budget and Management (DBM) just earmarked P1.627 billion for the agency next year — which entails then that it would only be able to electrify roughly 1,200 sitios or just 10-percent of the target.

Locust GENERAL Santos City – The city government has launched containment measures to prevent the possible occurrence of another locust infestation in the area. Merlinda Donasco, head of the City Agriculture Office (CAO), said Thursday they are currently conducting targeted pesticide spraying activities in an identified breeding area of locusts in a village here. She said they traced a breeding site in a grassland in Calatao, Barangay Tambler, which is situated near the city international airport.

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IN-DEPTH

Friday|September 18, 2020

P15.00

Local leaders welcome Pompee’s appointment

L

By MARK FRANCISCO, MDN Reporter

OCAL government and business l e ad ers yesterd ay wel c ome d the assumpti on of Phiv i d e c administrator Jose Gabriel "Pompee" La Viña, saying it would breathe new face in the industrial zone and help steer the economy of Northern Mindanao which has suffered a blow in the ongoing pandemic.

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Cagayan de Oro City M a y o r O s c a r Mo r e n o congratulated his erstwhile nemesis, saying it is the prerogative of the President to appoint anyone who enjoys his full trust and confidence. Meanwhile, Cagayan de Oro City Rep. Rufus Rodriguez said that La Viña is "fully qualified for the job and he has the dedication, integrity and work ethics to WELCOME/PAGE 11

NEW PHIVEDEC HEAD. Presidential ally and former mayoral candidate of Cagayan de Oro City Jose Gabriel "Pompee" La Viña now heads the Phividec Industrial Estate in Misamis Oriental.

SEC-Davao warns public against investing in 5 firms By ANTONIO L. COLINA IV, Mindanews

DAVAO City – The Davao Extension Office of the Securities and Exchange C ommission (SEC) has issued an advisory against five companies soliciting COMMUNAL FARM. Members of the Jaboy Vegetable Growers Association (JAVEGA) investments from the public harvest the produce of their labor at their communal farm in the municipality of Pilar within its area of responsibility in Siargao Island. mindanews photo by roel n . catoto

and promising high returns. SEC-Davao said one of these companies is engaged in the unauthorized selling of bitcoins. The Securities and E x c h an g e C om m i s s i on WARNS/PAGE 11

Cargo vessel Clean potable water key to fighting COVID-19 THE first COVID-19 case since the first case and four Rate as of September 15, sinks off in Nor thern Mindanao months since the first local R-10 now has 43.20 percent was recorded on March 11, transmission for cases in the utilization of isolation beds, Misor waters 2020 in Cagayan de Oro. region to hit 2,052 according 25.45 percent utilization of By GERRY LEE GORIT Reporter

AUTHORITIES rescued all the seven crews, including the boat captain of the cargo vessel that sank off the waters of Sugbongcogon in Misamis VESSEL/PAGE 10

By May 7, its first cases of local transmission involving three persons with no travel history to affected areas were recorded. Despite government’s best efforts, it only took six month

to the RIATF-IED led by the Department of Health (DOH) – 10. Of these 1,091 have recovered, 42 died, and 919 are recovering. In terms of the region's Critical Care Utilization

mechanical ventilators, 46.43 percent utilization of ICU beds, 44.29 percent utilization of beds for severe and critical cases, and 46.22 percent utilization of COVID-19 WATER/PAGE 11

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