BusinessWeek M I N DA N A O CREDIBLE
Volume XIII, No. 50 AS OF 6:00 PM OCT 3, 2022 (MON)
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Briefly No sardine shortage ZAMBOANGA City – The Bureau of Fisher ies and Aquatic Resources in Region 9 (BFAR-9) assured Friday there is sufficient supply of fish, especially "tamban", debunking reports of looming shortage of sardine products. BFAR-9 Director Isidro Velayo Jr. said the annual catch of sardines is 300,000 metric tons (MT) based on Philippine Statistics Authority data. “We have sufficient supply of fish,” Velayo said in a press conference Friday.
Agri Trade Expo DAVAO City – Senator Cynthia Villar said the Davao Agri Trade Expo 2022 here has o f fe r e d o p p o r t u n i t i e s t o further develop agribusiness and fortify the collaboration between the government and farmers in Mindanao. “I am happy that Davao City Chamber of Commerce is our partner focusing on the agriculture industry in accelerating the development of the agriculture sector in Mindanao,” Villar said. Villar noted as the biggest and longest-running agribusiness expo in the region, the event "brings hope and a great opportunity for inclusive growth" on the island, which she describes as the country's biggest potential for agriculture development.
Red tide alert ZAMBOANGA City – The Bureau of Fisher ies and Aquatic Resources (BFAR) has warned the public against eating shellfish coming from two provinces in Mindanao. In an advisory Thursday, the BFAR said that shellfishes collected and tested from Dumanquillas Bay in Zamboanga del Sur and Lianga Bay in Surigao del Sur “are still positive for Paralytic Shellfish Poison (PSP) or toxic red tide that is beyond the regulator limit.” Dumanquillas and Lianga Bays are among the areas in the country that are positive for toxic red tide, it said.
IN-DEPTH
No new matrix, no fare hikes: LTFRB-10 www.businessweekmindanao.com
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HE Land Transportation Franchising and Regulatory B o a r d ( LT F R B ) 1 0 ( No r t h e r n M i n d a n a o ) h a s cautioned commuters against paying the new fare if drivers fail to post the fare matrix as the agency implements the increased rate nationwide starting today, October 3. Aminoden Guro, LTFRB-10 director, said in an interview Saturday that the new minimum fare for the traditional jeepney for the first four kilometers is P12, with an add-on charge of P1.80 per succeeding kilometer. From P13, modernized public utility vehicles (PUVs) will now collect a minimum fare of P14 for the first four kilometers and P2.20 per succeeding kilometer. Taxis will now have a flag-down rate of P45 from P40. Guro said the LTFRB would not recalibrate their meter but allowed drivers to add P5 to the total fare. However, he said, drivers must first place the new fare matrix on PASIGARBO 2022. Champion barista Gian Carlo Hidalgo, of the pop-up café Black Coffee, during the Pasigarbo
2022, Iligan City’s first ever latte art and brewing competition last week held at the Iligan Fashion Institute
FARE/PAGE 7 and Trade. MindaNews photo by BOBBY TIMONERA
Agrarian reform coop in Agusan del Sur sells rice at P30 to P35 a kilo By CHRIS V. PANGANIBAN MindaNews
TRENTO, Agusan del Sur — A cooperative of agrarian reform beneficiaries (ARBs) in this town is selling rice at P30 to P35 a kilo. The rice comes from the processing plant of the Southern Agusan Multi-
Purpose Cooperative (SAMPCO) that can process at least 200 bags of rice a day. SAMPCO manager Max Gegato said they are selling a P50-kilo bag of rice at P1500 to P1800 depending on the variety. He said this is equivalent to buying P30 to P35 per KILO/PAGE 7
EARLY WORK. Laborers quarrying sand and gravel at the Pugaan River in Iligan City start the day early on to avoid the heat. MindaNews photo by BOBBY TIMONERA
Apo Agua hopes to start supplying water to Davao by Q1 of 2023
By ANTONIO L. COLINA IV MindaNews
DAVAO City – After delays in the completion of the Davao City Bulk Water Supply Project (DCBWSP), the Apo Agua Infrastructura Inc. eyed to start supplying water to Davao City Water District (DCWD) within the first quarter of 2023. May Che Capili, external relations officer of the Apo Agua Infrastructura, told
reporters during Kapehan sa Davao on Monday that the company has already expedited the completion of the facility after it took over the construction from J.V. Angeles Construction Corporation. She said there were delays in the completion of the water supply project because of the setbacks encountered at the peak of the coronavirus disease
(COVID-19) pandemic and the ongoing “internal” issues with its contractor. The DCBWSP is a P12billion water supply project of Apo Agua, a joint venture between Aboitiz Equity Ventures and J.V. Angeles Construction Corporation. Capili reiterated the company’s commitment to supplying around 300 million liters of treated water WATER/PAGE 7
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