BusinessWeek Mindanao (September 3-4, 2021)

Page 1

BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 36

Market Indicators

AS OF 6:00 PM SEPT. 2, 2021 (THURSDAY)

FOREX

PHISIX

US$1 = P 49.83

6,834.66

X X Briefly

0.24

48.72

cents

points

Flat agri growth

GROWTH IN the Philippine agriculture sector is estimated to have been flat to lower in the second quarter in the absence of major events that may have dampened production. Roehlano M. Briones, a senior research fellow at the Philippine Institute for Development Studies, said in a mobile phone interview with BusinessWorld that he is not aware of any largescale issues that affected the farm sector during the quarter. “I am not expecting much of a negative result. But neither do we see a very positive outlook for agriculture. I am seeing tempered growth for the sector,” Mr. Briones said.

Driver for growth T R A N S P O R T infrastructure is expected as the key driver for the Philippine construction sector growth, Fitch Solutions said Thursday. In a commentary, the research unit of the Fitch Group said the Philippine construction industry is expected to grow by 24.2 percent year-on-year this year, and by 16.1 percent in 2022. “We expect transport infrastructure, particularly rail and road development, to be the key driver of infrastructure and construction growth in the Philippines over the coming years,” it said.

We strive for Excellence!

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

YOUR MINDANAO-WIDE BUSINESS PAPER

RELIABLE

IN-DEPTH

Covid stalls 3 power projects in Mindanao www.businessweekmindanao.com

T

Fri-Sat|September 3-4, 2021

HREE transmission projects in Mindanao have been stalled due to the continued threats of the global pandemic, the Department of Energy said.

Filinvest rolls out its vax programs for employees GOTIANUM-led Filinvest Development Corporation (FDC) has initiated its free employee vaccination program in Northern Mindanao and CARAGA on August 2427 at the power plant site of subsidiary FDC Misamis Power Corporation (FDC Misamis) in Villanueva, Misamis Oriental. The Filinvest Vaccination Program (FilVax) aims to fully vaccinate around 15,000 employees within the Filinvest group all over the country, including drivers, messengers, utility workers, and security guards. "FilVax is the Filinvest conglomerate's effort to support the National Government's vaccination program as we continue working towards a COVID-free Philippines. Keeping our employees, third-party providers, and clients safe is a top priority in ensuring that our communities, workspaces, and business FILINVEST/PAGE 7

Among these projects being undertaken by the National Grid Corp. of the Philippines (NGCP) is the Mindanao-Visayas Interconnection Project (MVIP), which links the

P15.00

power grids of the two island groups. According to DOE, the public health emergency has set back the timetables of at least 37 transmission projects nationwide.

Thank you for trusting us!

Twenty-four of the projects are being implemented in Luzon, 10 in the Visayas, and three in Mindanao. “At the height of the nat ionw ide communit y POWER/PAGE 7

CHAOTIC WIRES. Linemen do repair work amid the chaos of electrical and telecommunications cables in downtown Davao City on Wednesday, September 1, 2021. mindanews photo

DOH-11 sees clustering of variant cases in Davao region By ANTONIO L. COLINA IV, MindaNews

MUSCOVADO. A worker prepares to extract juice from sugar cane for processing into muscovado sugar at the cooking facility operated by agrarian reform beneficiaries in Barangay Maraymaray, Don Carlos town in Bukidnon. photo by h. marcos c. mordeno

DAVAO City – Department of Health (DOH)-Davao region has noted a clustering of cases of variants of concern of the coronavirus disease (COVID-19), including the dreaded Delta, among close contacts within the households. During a virtual press briefer via Zoom on Monday, Dr. Rachel Joy Pasion, head of the DOH-Davao’s Regional Epidemiology Surveillance Unit, told reporters that the clustering of mutated viruses

of SARS-CoV-2 was expected because they could spread the infection faster than the original virus. Pasion said majority of the variant cases reported in the region were still Beta but expressed concern that the genome sequencing results from University of the Philippines-Philippine Genome Center in Diliman are showing that the cases of the more infectious Delta are picking up gradually. VARIANT/PAGE 7

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


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
BusinessWeek Mindanao (September 3-4, 2021) by Mindanao Daily News - Issuu