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BusinessWeek Mindanao (October 5-6, 2022)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XIII, No. 50 AS OF 6:00 PM OCT 5, 2022 (WED)

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Briefly Stronger PH-Israel ties DAVAO City – Israel is eyeing collaboration with the Philippines on food security and agriculture. “We are participating in the exhibition here (in Davao City) with Israeli companies that represent technologies and business practices, looking for opportunities to network with our counterparts in the private sector and the Philippine government,” Ambassador Ilan Fluss said at the 24th Davao Agri Trade Expo here. Fluss said agriculture is the main focus of his efforts as the Israeli ambassador to the Philippines

Parade of Lights

ZAMBOANGA City – A Parade of Lights kicked off this year’s Hermosa Festival– Zamboanga City’s annual festival honoring its patron saint Nuestra Señora La Virgen del Pilar – on Saturday, Oct. 1. Twelve floats decorated with sparkling lights sponsored by business establishments, schools, barangays and other private organizations were paraded in Zamboanga streets. Said floats were also rated by judges for the prizes given by the Zamboanga government. The floats lighted up Mayor Vitaliano Agan Avenue, Mayor Climaco Avenue, JS Alano and Valderrosa Streets.

Kasadya ILIGAN City – Thousands of residents witnessed the 27th Kasadya Street Dancing and Merry-Making Competition topped by Barangay Santa Filomena on Tuesday, Sept. 27, as part of the Diyandi Festival in honor of St. Michael the Archangel, the patron saint of this city. Barangay Santa Filomena, which pocketed P300,000 and a trophy, also won five special awards – Best in Senor San Miguel, Best in Maranao, Best in Higaonon, Best in Batalya (eskrima), and Best in Musicality. First runner-up was Barangay Saray, also Best in Yawa-Yawa (Devil-Devil) and Best in Street Dancing, and second runner-up was Barangay Buru-un and Best in Diyandi. He said that they are ex p l o r i n g w h e t h e r t h e y can establish businesses like biogas, dairy farming, hydroponics, and drip irrigation in the country

IN-DEPTH

Softdrinks shortage hurts small vendors www.businessweekmindanao.com

Market Indicators FOREX

YOUR MINDANAO-WIDE BUSINESS PAPER

Wed-Thur | October 5-6, 2022

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By FROILAN GALLARDO MindaNews

T

HE supply shortage of soft drinks have deeply hurt small sari-sari stores who are dependent on these fast-selling products for their profits. Almer Masillones, Misamis Oriental provincial director of the Department of Trade and Industry, said the shortage hurts the small entrepreneurs more than the bigger groceries and fast-food outlets. “Sari-sari store owners are already complaining about the shortage and wondering where they can get their supplies,” she said. Masillones said the situation has worried government regulators because the sale of soft drinks is essential to small sari-sari storeowners. The scarcity of soft drinks came after the Philippines’ projected sugar production of 2.03 million metric tons fell short by 200,000 MATIGSALUG VENDOR. A Matigsalug vendor from Bukidnon sells tribal bracelets in Iligan City. Itinerant tons. Major beverage companies vendors usually come in droves during the fiesta season as the city celebrated the feast of St. Michael the Archangel last week. MindaNews photo by RICHEL V. UMEL

VENDORS/PAGE 7

Davao envi group: WTE facility can produce ‘dirty energy’ By ANTONIO L. COLINA IV MindaNews

DAVAO City – A waste-toenergy (WTE) project can only generate an “unclean” power source with adverse impact on human health and the environment, the Davao City-based Interfacing Development Interventions for Sustainability, Inc. (IDIS) said on Monday. Atty. Mark Peñalver, IDIS executive director,

told reporters during the “Kapehan sa Dabaw” that building a WTE incineration facility “will not provide any solution to the existing solid waste management woes of this city.” He said the WTE could be a major contributor of carbon emission, which can worsen climate crisis. Peñalver said that some local politicians pushing for the WTE project want

to put up such facility “not only to address the solid waste problem but also to increase power generation in this city.” “In reality, what they are after is energy generation and we don’t want our energy to be “unclean.” In effect, we will contribute to carbon emissions. WTE can cause our carbon emissions and carbon footprint to shoot ENERGY/PAGE 5

Barbers: surfing cup in Siargao to help boost island’s tourism industry By CHRIS V. PANGANIBAN MindaNews

CLOUD 9. General Luna, Siargao Island, Surigao del Norte. MindaNews file photo by ROEL N. CATOTO

SAN FRANCISCO, Agusan d e l Su r – Su r i g a o d e l Norte Gov. Robert Lyndon Barbers has clarified that the provincial government is hosting a national surfing competition in Siargao Island in a bid to boost the local tourism industry from the

devastating effects wrought by the two-year COVID-19 pandemic and super typhoon Odette in December 2021, and not because of politicking. Barbers issued the pronouncement on Sunday during a press conference aired live on Facebook, where he announced the CUP/PAGE 7

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