BusinessWeek M I N DA N A O CREDIBLE
Volume XIII, No. 39 AS OF 6:00 PM SEP 5, 2022 (MON)
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Briefly Stronger fisheries PRESIDENT Ferdinand “Bongbong” Marcos Jr. on Tuesday said he expects to see a stronger fisheries sector in the Philippines with the help of Indonesia. Marcos said this would be the immediate benefit arising from the two nations' signing of a Memorandum of Understanding for Cooperation in th e Developm ent an d Promotion of the Creative Economy. The deal, Press Secretary Trixie Cruz-Angeles said, “cultivates a common creative economy that leverages on our respective strengths to foster innovation through knowledge transfer in industries, including fashion, architecture, digital media, performing arts, music, theater, dance, and creative services.”
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EU, WB help energize M’danao households www.businessweekmindanao.com
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Japan builds schools THE community of Bayanga Norte Elementary School in Matanog, Maguindanao can now benefit from the relocation and construction of two new school buildings worth P8.9 million funded through the Japanese government’s Grant Assistance for Grass-Roots Human Secur ity Projects (GGP). Consul General Ishikawa Yoshihisa of the ConsulateGeneral of Japan in Davao and First Secretary Okada Fumikai of the Embassy of Japan in the Philippines led the turnover of two buildings with seven classrooms to Bayanga Norte Elementary School that will allow more students to study in a safe environment without spending long hours of travel just to go to school. Matanog Municipal Mayor Zohriah Bansil-Guro, other local government officials (LGU) officials, Department of Education officials, teachers, selected students, and parents witnessed the event held on Aug. 31.
BARTER TRADE. The revival of the barter trade in Mindanao is seen to cushion the impact of the economic downturn due to impending rise in prices of basic commodities. File Photo
Tampakan still not yet into open-pit mining THE report that the controversial Tampakan copper-gold project in South Cotabato has commenced commercial production using the open-pit mining method is false. Engr. Siegfred Flaviano, Provincial Environment Management Office (PEMO) chief, said that Sagittarius Mines, Inc. (SMI), operator of the Tampakan project, has
yet to proceed into the actual mining production phase. “Based on our monitoring, the Tampakan project has not yet started mining operations using the open-pit mining method,” he said. laviano also belied that the mining firm has already dug up a pit. The open-pit mining ban imposed by the South Cotabato provincial
HE European Union (EU), in partnership with the World Bank and state-run National Power C or p or ati on (Napocor), had completed the P1 billion electrification project for roughly 30,500 h ou s eh ol d s i n rem ote villages of Mindanao via the deployment of solar home systems (SHS) technology. According to the EU, the beneficiary-households are families in the far-flung areas of Bukidnon, Sultan Kudarat, Davao del Sur, Cotabato and South Cotabato. The funding for the Mindanao solar home systems’ elec trif ication amounted to 18.4 million euros or roughly P1.06 billion – and that had been part of the 66 million euros financing funneled via the Access to Sustainable Energy Programme (ASEP) that had been implemented by the EU for the Philippines. HOUSE/PAGE 11
government remains in effect, he noted. T h e pro h i bit i on on open-pit mining, which was contained in the province’s landmark Environment Code, took effect in 2010. The ban hampered the bid of SMI to develop the Tamp a kan proj e c t, t he largest untapped copperMINING/PAGE 11
Smuggled cigars ZAMBOANGA City – Authorities have arrested four persons and seized some P3.2 million worth of smuggled cigarettes in two separate anti-smuggling operations in Sulu and this city, a top police official said Monday. Col. Richard Verceles, operations chief of the Area Police Command-Wester n Mindanao, said no one was arrested on the first confiscation of smuggled cigarettes around 5:15 p.m. Sunday at the port in Barangay Buansa in Indanan town, Sulu province. Verceles said policemen from Indanan Municipal Police Station rushed to the port in Barangay Buansa upon receiving information on the presence of smuggled cigarettes.
CDO’s premier U turns to online classes due to rising criminalities
KANUS-A NI MAHUMAN. Bikers struggle to cross a ditch using a makeshift bridge as repair of this road in Barangay Del Carmen in Iligan City has been delayed for months. MindaNews photo by BOBBY TIMONERA
THE Xavier University (XU)-Ateneo de Cagayan has temporarily switched to full online classes starting 4:30 p.m. until Sept. 9 due to alarming criminal cases here. “Fa c e - t o - f a c e / on s it e sessions for these classes will resume based on the objective evaluation of the situation,” Ju l i e t D a l a g an , X av i e r
University Vice President for Higher Education, said in a memorandum on Thursday. The XU Central Student Government (CSG) released a statement on Thursday calling on the city government and the city police to create a concrete plan to address criminality here. DUE/PAGE 11
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