BusinessWeek Mindanao (September 28, 2020)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XI, No. 49

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Shutdowns TWO export companies in Northern Mindanao have permanently shutdown operations pushed by the adverse impact of the pandemic while others are seeking government intervention amid continuing challenges in sustaining their operations. This was revealed by Valerie R. Lasmarias, acting managing director for Cagayan de Oro chapter of the Philippine Exporters Confederation Inc. (PhilExport) during an online regional consultation. Lasmarinas identified the two firms that have closed shop for good as South Bukidnon Fresh Trading Inc. and Valencia Rubbertex Inc.

Airport upgrade COTABATO City – The Department of Transportation (DOTr) has committed additional funding for the completion of the Central Mindanao Airport (CMA), North Cotabato Gov. Nancy Catamco said Tuesday. Catamco said the additional funding reflects President Rodrigo Duterte’s "support to the people of North Cotabato and Mindanao, in general." The governor noted that the national government funded the airport project in the 2018 and 2019 annual budgets to the tune of P130 million, which covers the construction of its taxiway, expansion of the airport apron, and perimeter fence.

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By MYRNA M. VELASCO, Contributor

RIVATE transmission firm National Grid Corporation of the Philippines (NGCP) is re-evaluating the impact of the coronavirus pandemic, primarily on its major projects like the P52 billion Mindanao-Visayas Interconnection Project. In a statement to the media, the company said it is “eager to finish its critical projects as close to the

original timelines as possible,” hence, it is also appealing to the government if it can be DERAILS/PAGE 7

DOE offers vast oil source in Cotabato basin to investors By MYRNA M. VELASCO, Contributor

DISINFECT. A government worker disinfects a cargo truck loaded with motorcycles from Cebu City upon arrival at Surigao City's Bilang Bilang Port. Stricter quarantine measures were enforced in ports of entries as Covid-19 cases continue to rise. mindanews photo by roel n . catoto

Davao’s tourism businesses lost P1-B during Kadayawan By ANTONIO L. COLINA IV, MindaNews

DAVAO City – Revenue losses of tourism-related businesses in Davao City were estimated

at P1 billion just for the entire month of August as the local government cancelled all

physical activities during the month-long Kadayawan Festival and restricted tourists from coming here to avoid TOURISM/PAGE 7

MINDANAO Development Aut hor it y (MinDA) chairperson Emmanuel Piñol clarified Thursday that the

agency is not Mindanao’s version of the National Economic and Development Authority (NEDA), noting

that it does not only act as a planning entity but oversees development programs as well. MINDA/PAGE 6

MinDA not Mindanao’s version of NEDA: Piñol

THE Department of Energy (DOE) is offering another petroleum block to interested investors, this time the prospect straddles offshore Cotabato basin in Mindanao.

The block, according to the department, was nominated by an investor-group and it will be placed on a 60-day competitive challenge before SOURCE/PAGE 7

FAVORITE SPOT. On a clear day, one can see the majesty of Mts. Apo and Talomo from this spot near the diversion road in Davao City. The road uphill is a perfect exercise for bikers who stop at this spot to take a break and take photographs. mindanews photo by carolyn o . arguillas

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