BusinessWeek Mindanao (September 24-25, 2021)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 45

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Briefly Mindanao exploration AS the Malampaya natural gas field is drying up, Mindanao might have the indigenous energy resources to energize the country. In a webinar of Davao International Conference 2021 Thursday, PNOC Exploration Corp. (PNOC EC) vice president for upstream operation Jaime Bacud said Mindanao is rich in indigenous resources that can support the country’s energy requirement. Bacud said Mindanao alone has three sedimentary basins waiting for exploration for oil and gas resources.

Female farmers FEMALE FARMERS are hindered by land titling issues and unequal pay, which must be addressed if production is to improve, agribusiness executives said. Cherrie D. Atilano, AGREA Philippines chief executive officer, said in an interview that land distributed under the agrarian reform program is usually titled in the name of the husband in the farming family. “It should not be the case. The land title should be in the name of both the husband and the wife,” Ms. Atilano said.

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ESPITE the economic blow from the Covid-19 pandemic in 2020, the regional per capita output in Northern Mindanao remained high, according to the National Economic Development Authority (NEDA) 10 on Wednesday.

At an online conference for the Regional Development Council-10 (RDC-10), Mylah Faye Aurora Cariño, NEDA10 Director, said despite an overall downtrend, Northern Mindanao's per capita output emerged as the secondhighest among all regions, next to the National Capital

Region, at P163,952 and even higher than the Philippines' average P161,137. "The result of GRDP (Gross Regional Domestic Product) estimates by the PSA (Philippine Statistics Authority) showed that the regional economy contracted HIGHEST/PAGE 7

SUSTAINABLE FISHING. Local fishermen in Surigao City were sighted from afar using rods and reels which are vital to ensure sustainable fishing. photo by roel catoto

NEA releases P455-M loans to electric coops By MYRNA M. VELASCO, Contributor

WITH typhoons aiming their blows on the country again, the National Electrification Ad m i n i s t r at i on ( N E A ) announced that it has been accelerating the release of loans to the country’s electric cooperatives (ECs), including calamity loans that they can use in the repair of their facilities. Within January to August this year, the governmentrun electrification agency reported that the magnitude of loans released to ECs already hovered at P455.293 million.

As culled from NEA’s Accounts Management and Gu arante e D e p ar t me nt (AMGD), the bulk of the extended loans amounting to P380.293 million had been cornered by 16 electric coops. The amounts were mainly earmarked for their capital expenditure (capex) projects as well as working capital requirements. Of the calamity loans approved for the power utilities, NEA emphasized that six electric cooperatives availed of at least P75-million LOANS/PAGE 7

Traffic enforcers help implement the “No Movement Sunday” in Koronadal City. mindanews photo by bong s . sarmiento

GenSan airport eyed as entry point for OFWs, international travelers GENER AL Santos City – T h e D e p a r t m e nt o f Transportation (DOTr) is pushing for the inclusion of the newly rehabilitated and

expanded airport here as among the alternate gateways for returning O verseas Filipino Workers (OFWs) and international travelers.

DOTr Secretary Arthur Tugade proposed the move on Thursday as he personally led the formal unveiling and AIRPORT/PAGE 7

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