BusinessWeek Mindanao (September 6-7, 2021)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 37 AS OF 6:00 PM SEPT. 4, 2021 (SATURDAY)

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Most competitive FOR the first time, the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) has recognized the most competitive local government units (LGUs) in the region during the Cities and Municipalities Competitiveness Index (CMCI) Summit held on Friday. Under the CMCI, the government ranks LGUs’ competitiveness based on four pillars—infrastructure, resiliency, government efficiency, and economic dynamism. “Despite the ongoing pandemic nationwide and the series of calamities happening in the region, BARMM LGUs have shown excellence and proven their resilience,” Department of Trade and Industry (DTI) Secretary Ramon Lopez said during the virtual summit.

Price freeze on X'mas products THE Department of Trade and Industry (DTI) has urged manufacturers and retailers of Noche Buena products to maintain their current prices for the upcoming Christmas holiday. During the Laging Handa public briefing Thursday, DTI Consumer Protection Group Undersecretary Ruth Castelo said keeping prices of these products will be a relief for Filipinos who will be celebrating the Christmas season in a pandemic for two straight years. “We call on manufacturers not to increase prices of Christmas products this year. Or if they need to increase, only at the absolute minimum level,” she said in Filipino.

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HE government is bent to revive two mothballed plants in Mindanao--the Paper Industries Corp. of the Philippines (PICOP) in Surigao del Sur and the Iligan Steel Mill (formerly National Steel Corp. or NSC) that has since stalled the once robust paper and steel industries in the island.

SQUID BAITS. A fisherman prepares squid baits for his daily fishing expedition in Barangay Mabua in Surigao City. mindanews photo by roel n. catoto

The Development Authority (MinDA) Chairman Emmanuel F. Piño, in a statement, said he will hold a virtual conference with officials of Bislig City, Surigao del Sur on Tuesday to find ways to restore to operations the paper mill of the Paper Industries Corp. of the Philippines (PICOP) there. Piñol said the city government, led by Mayor Florencio C. Garay, will present options to rehabilitate the pulp and paper processing facility, which closed in 2006. “The operation of PICOP is one of the undertakings of MinDA in reviving and rehabilitating industries in Mindanao which collapsed because of economic difficulties, REVIVE/PAGE 7

Banana farms in DOE sees 7,712 MW more power supply until 2027 of Energy said the construction of new from 21,424 MW to 26,287, Maguindanao get P200M DEPARTMENT (DOE) Secretary Alfonso Cusi power sources is underway increasing by 4,863 MW. said the country may expect this year and in the coming Cusi added that the in fresh investment additional 7,712 megawatts years to augment the needed energy stakeholders have COTABATO City – The Bangsamoro B oard of Investments – Bangsamoro Autonomous Region in Muslim Mindanao (BBOIBARMM) is facilitating the revival of banana farms in Maguindanao with the expected infusion of P200

m i l l i on w or t h of n e w investments from two local firms. BBOI-BARMM Chairman Ishak Mastura, a lawyer, said Friday that his office has eased a business understanding between the FARMS/PAGE 6

of power supply from 2021 to 2027. During President Rodrigo Duterte’s Talk to the People late Thursday night, Cusi

p ower requirements as the Philippine economy continues to expand. He said between 2016 and 2020, installed capacity grew

been preparing for the anticipated depletion of the Malampaya natural gas field through building new SUPPLY/PAGE 7

WHITE BEACHES. Famous for its white sand beaches, Glan is the major tourist destination in Sarangani province. mindanews photo by bong s . sarmiento

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