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P15.00 Volume XIV, No. 106 Wed-Thu | February 15-16, 2023 www.businessweekmindanao.com

Market Indicators FOREX PHISIX AS OF 6:00 PM FEB 14, 2023 (TUE) 6,838.76 38.03 points 0.34 cents X

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Troubled abaca industry

DAVAO City – The Davao del Norte provincial government has initiated interventions to address the troubled abaca sector in Talaingod town, where thousands of indigenous people (IP) are affected by the suspension of abaca-buying operations.

In a statement Tuesday, Governor Edwin Jubahib said he met with the Philippine Fiber Industry Development Authority (PhilFIDA) personnel and local buyers on Monday to find a solution to the problem faced by mostly IP abaca farmers.

“There is a need to resolve the issue to prevent the return of insurgency in the province,” he said, referring to the past influence of the New People’s Army in the town.

Alorica Davao

GLOBAL customer experience (CX) provider Alorica has expanded its presence in Davao City with the unveiling of its newest facility, Alorica Davao 3, inside the bustling Matina IT Park.

In a statement, Alorica said that its new site spans over 3,000 square meter of operational floor space, showcasing the company’s impressive growth in the area, where it already employs over 4,500 people. With the site’s opening, Alorica is poised to hire even more and contribute further to Davao’s economic development.

Alorica Davao 3 can house an additional 5,000 new employees, making it a key office location for attracting top talent. Boasting its own recruitment hub with the capacity to process 150 on-site job applications, the site would enable the company to meet the surging demand for its digitally-charged CX solutions.

Canceled flights

AT least four domestic flights were canceled on Tuesday due to bad weather, the Manila International Airport Authority (MIAA) reported.

These Manila-DipologManila flights were the PAL Express (2P) 2557/2558 and Cebu Pacific (5J) 703/704.

The weather bureau on Tuesday said the trough of a low pressure area (LPA) outside the Philippine Area of Responsibility will bring moderate to heavy rains over the Zamboanga Peninsula.

On Proposed Charter Change

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HE lead legislator of the House Committee on Constitutional Amendments on Saturday bared that their panel is gearing to focus on proposals related to economic revisions and foreign investments.

“President Ferdinand 'Bonbong 'Marcos Jr. has been going around the world to encourage investors to come to the Philippines. It is counterintuitive that we have 60-40 economic restrictions which therefore discourages international businesses,” he

Iligan City targets improved ranking in 'competitive index' documents and monitor the local government's compliance with the CMCI officials.

KID’S PLAY. Sama kids play to their heart's content at the Badjao Village in Bongao, TawiTawi. MindaNews photo by

More Filipino children exposed to online sexual abuses