BusinessWeek M I N DA N A O CREDIBLE
Volume XIII, No. 63
Market Indicators
AS OF 6:00 PM NOV. 7, 2022 (MON)
FOREX
X
US$1 = P 58.80
0.33
cents
PHISIX
X
6,156.11
50.13
points
Briefly Facemask discretionary WEARING face masks inside commercial establishments in Cagayan de Oro City will depend on the management's prerogative, according to the Cagayan de Oro Chamber of Commerce and Industry, Inc. (Oro Chamber). During a radio interview on Saturday, Oro Chamber president Raymundo Talimio Jr. said the business community has yet to disseminate in full Executive Order (EO) No. 7 signed by President Ferdinand R. Marcos Jr. on October 28 regarding the optional wearing of masks. "Even though there is already a mandate, big establishments like malls have rights to impose (internal) rules within their premises (since it's a private property)," Talimio said.
GSIS digital platform THE Government Service Insurance System (GSIS) said Friday it is discontinuing the production of the Unified Multi-Purpose ID (UMID) cards as it migrates to digital platforms. In a media briefing here, GSISCagayan de Oro branch manager Erwin Casicas said the shift was due to the launching of the GSIS Touch, a digital application where most transactions can be done. "(In the meantime), we will have a temporary card in tandem with this GSIS touch, so the clients will have an alternative method other than using UMID," he said.
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Davao Region records PH’s highest inflation www.businessweekmindanao.com
Mon-Tue | November 7-8, 2022
P15.00
By ANTONIO L. COLINA IV MindaNews
DAVAO City – The Davao Region posted an inflation rate of 9.8% in October, the highest among 17 regions in the country, according to a report released by the Philippines Statistics Authority (PSA) on Friday. Based on the Summary Inflation Report Consumer Price Index, PSA said the inflation rate in the region further accelerated from 9.6% reported in September. The region comprises the provinces of Davao del Oro, Davao del Norte, Davao del Sur, Davao Occidental, Davao Oriental, and Davao City. The inflation rate for the whole country in October was 7.7%. The PSA said the increase in inflation rate in the region was largely caused by the movement in the prices of alcoholic beverages and tobacco at 12.2% from 10.3%, and food and non-alcoholic beverages at 11.7% from 10.5% in September. Mackie Macalipes, head of the City Economic Enterprise, told Davao City Disaster Radio (DCDR 87.5) on Friday that the opening of 24/7 Davao Food Terminal Complex in Barangay Daliao, Toril in Davao City last October 18 would help stabilize the prices of vegetables and
RECORDS/PAGE 7
FREEZE. Trade officials inspect the prices of prime commodities at a mall in Davao City. (Mindanews file photo)
Unruffled
MDN’s CSR narrative continues: The 9th Awards for Mindanao Business WITH the relaxed protocols on Covid 19 pandemic, the Mindanao Da i ly Group hold s tod ay it s signature CSR narrative — the 9th Mindanao Business Leaders and Entrpreneur Awards at the posh Ayala Centrio Event Center, Tuesday, November 8, 2022, 3pm onwards. On t h is d ay, out st a nd i ng business leaders and entrepreneurs
High collection DAVAO City – The Bureau of Customs (BOC) - Port of Davao has exceeded its October 2022 revenue collection target by P67.6 million, an official said Friday. Erastus Sandino Austria, BOC-Davao district collector, said the agency managed to collect P3.38 billion in revenue, which is 1.9 percent higher than its target of P3.31 billion, posting a surplus of P65.7 million. Austria noted that the figure is also 19 percent higher than the P2.83 billion collection in October 2021.
YOUR MINDANAO-WIDE BUSINESS PAPER
DAVAO City — Former Sarangani Governor Miguel Rene Alcantara Dominguez has joined the 60-year-old Alsons Development and Investment Corporation (Alsons Dev) as its new director who will oversee the business strategy and operations of the premier property developer and real estate pioneer in Davao City. Alsons Dev is the real estate
in Mindanao are acknowledged of their contributions to the progress of the region despite the health crisis brought about by Covid-19 pandemic for over two years. They will be honored of their ex t raord i na r y resi l ience a nd dedicated service as frontrunners of development in Mindanao amid the many challenges in running
AWARDS/PAGE 7
Ruffy Magbanua
Price freeze still in effect in Zambo due to ‘Paeng’ By FRENCIE CARREON MindaNews ZAMBOANGA CIty – Mayor John Dalipe implemented on Wednesday a 60-day price freeze on basic commodities in the city following the devastation w rought by
Typhoon “Paeng,” which d i s pl a c e d ove r 10 , 0 0 0 families and causing damage to infrastructure worth P121 million. Claire Pesebre, DTI-ZC The mayor gave his nod on the price freeze during an emergency meeting of the
Local Price Coordinating Council (LPCC), which he chairs, on All Souls’ Day. “As local chief executive, I share the sentiments of my people. The aftermath brought by Typhoon ‘Paeng’
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