BusinessWeek M I N DA N A O CREDIBLE
Volume XIII, No. 55 AS OF 6:00 PM OCT 17, 2022 (MON)
FOREX 0.065
X
cents
PHISIX
X
5,904.75
9.11
RELIABLE
www.businessweekmindanao.com
Market Indicators US$1 = P 58.935
YOUR MINDANAO-WIDE BUSINESS PAPER
points
Briefly Surfing back in Siargao GENERAL LUNA, Siargao Island – International surfing is back on Saturday in this famous island more than two years after the coronavirus disease 2019 (Covid-19) pandemic turned the world upside down. The famous tour ist magnet was also devastated by Ty p h o o n O d e t t e i n December last year. On Saturday morning, the festive mood is back as the 26th Siargao International Surfing Cup opened at the Cloud 9 surfing site here. Normin inoculation off-target: DOH-10 THE Department of Health Region 10 admitted it failed to meet a certain target to vaccinate people against Covid-19 within the 100day period set by President Marcos Jr. Dr. Ellenietta Gamolo, the DOH-10 assistant director, said in a phone inter view on Thursday, Oct. 13, that the region (Northern Mindanao) has only achieved 74.27 percent vaccination coverage for senior citizens and 24.31 percent coverage for the first booster vaccination for the general population as of October 12. The 100-day Presidential directive actually ended on Saturday, Oct. 8. Good governance KAPALONG, Davao del Norte – The local chief executive here Friday underscored the role of good governance in sustaining the Davao region’s insurgency-free status. In an interview, Mayor Maria Theresa Timbol said the declaration of Region 11 as insurgency-free entails a bigger responsibility for the local government unit, especially in its sustainability. On October 12, the Davao region was declared “insurgency-free” after the series of successful peace and order initiatives that dismantled the remnants of the communist New People’s Army (NPA) in the area.
IN-DEPTH
Mon-Tue | October 17-18, 2022
P15.00
Nearly 1M Caraganons lived below poverty line B
UTUAN City – About 924,000 residents in Caraga lived below the poverty threshold in 2021, the regional office of the Philippine Statistics Authority (PSA) said.
The number was based on the preliminary results of the Family Income and Expenditure Survey (FIES) conducted by the agency last year. In an emailed statement Friday, PSA 13 (Caraga) said the data also indicated that the region recorded a 33.2 poverty incidence in 2021. “This also translates that the 924,000 Caraganons lived below the poverty threshold of about PHP11,390 per month for a family of five,” the agency said. The PSA defines poverty incidence among the population as the proportion of Filipinos whose per capita income cannot sufficiently meet the individual basic food and non-food needs. The PSA-13 survey showed that among the
families in the region, about 25.9 percent, or 172,000, were considered poor in 2021. It also showed that the subsistence incidence among the population in the region slightly increased last year by 2.8 percentage points more than the estimate in 2018 and 4.7 percentage points lower in 2015. A family of five in the region, it said, needs at least PHP7,950 on average income to meet their basic food needs in a month. The subsistence incidence among families in the region last year was estimated at 9 percent, which is equivalent to about 60,000 families. The subsistence incidence is defined as the proportion of Filipinos whose income is not enough to meet their basic food needs. (PNA)
Store in Tagum City padlocked for selling smuggled cigarettes
AUTHORITIES swooped down on a wholesale grocery store in Tagum City Tuesday last week and confiscated over 80 master cases of imported illegal cigarettes with an estimated worth of Php3.3 million. Right after the raid, the combined forces of National Bureau of Investigation (NBI) and the Bureau of Internal Revenue (BIR), padlocked and closed the Ping Suka Station wholesale store in violation of a provision of the Republic Act 8424 or the Tax Reform Act of 1997, specifically the non-payment
of tax. The Ping Suka store located in Purok Talisay, Seminary Drive, Magugpo West in Tagum City, Davao del Norte, is owned by Effie Rose Labado, who is now facing tax evasion charges. The combined enforcement came about through an intelligence report received by the NBI about the store’s sale of smuggled cigarettes. The NBI through its regional director Atty. Gelecio B ong ngat, imme diately CIGARS/PAGE 7
POVERTY WORSENS. A mendicant child fell asleep while cuddling his younger brother along the stairway of a busy metropolis. In its recent report, the Philippine Statistics Authority (PSA) indicated that more people in Caraga region live below the poverty threshold in 2021 than in previous years. File photo by Mio Cade
SIM registration seen to impede journos’ job THE SIM Card Registration Act, or Republic Act 11934, ‘will require all SIM card us e rs to re g iste r t hei r personal information with telecommunications companies or telcos — details which can be made available upon the request of a court or law enforcement agencies.’ The salient part of the law is that it seeks accountability of SIM card users and helps law enforcers to track
p e r p e t r ators of cr i me s committed through phones. However, if the National Union of Journalists of the Philippines (NUJP) is to be asked, the newly-passed law doesn’t seem to be the best
HARDWARE AND CONSTRUCTION SUPPLIES
LEAD/PAGE 7
* Hardware Materials * Water Closet * Paint Accessories * Door Accessories
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. Dev is the real estate BIR Alsons and NBI padlocked grocery store in Tagum City for selling imported illegal cigarettes
solution to minimizing if not stopping crimes involving the use of cellular phones. Len Olea, the NUJP secretary general, in a phone interview on Thursday, Oct. JOB/PAGE 7
* Nails * Tiles Adhesive * Skimcoat & Grout * Garden Accessories
* Welding Rod * Power Tools and many more... * Welded Tire
Register with Us Now
(088) 882 1374 Email: Zone 9, Cugman 0975-0831-679 (G) casamaxinfiniti.inc@yahoo.com Malasag road Gray 0939-5508-719 (S) Gate #60A 0955-3301-576 (TM) Facebook: Cagayan de Oro City 0967-6615-327 (TM) Casamax Infinity
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776