BusinessWeek

YOUR MINDANAO-WIDE BUSINESS PAPER

P15.00 Volume XIV, No. 137 Wed-Thu | May 3-4, 2023 www.businessweekmindanao.com

Market Indicators FOREX PHISIX AS OF 6:00 PM MAY 2, 2023 (TUE) 6,625.08 41.40 points 0.34 cents X X

OFW repatriation

AN overseas Filipino worker from Impasug-ong town in Bukidnon province has requested repatriation from war-torn Sudan.

Overseas Workers Welfare AdministrationNorthern Mindanao (Region 10) Director Harry Borres confirmed that there is one OFW from Bukidnon awaiting evacuation from Sudan.

Borres did identify the OFW.

He assured assistance to the OFW but said they are still "waiting for the fund and a copy of the guidelines" from the OWWA central office regarding financial aid for the Bukidnon OFW’s family.

Warning versus disposed cigars

ZAMBOANGA City – The Bureau of Customs (BOC)Port of Zamboanga warned the public against buying cigarettes destroyed and disposed of by the agency.

Mike Lanza, Customs Intelligence and Investigation Service chief of BOCZamboanga, said Saturday that they spray the confiscated smuggled cigarettes with pesticides.

BOC-Zamboanga led the destruction at a sanitary landfill in Barangay Salaan here on Friday.

Lower banana export

PRODUCTION of Cavendish bananas, the main export variety, remains threatened by Fusarium wilt or Panama disease, likely dampening exports, according to the Pilipino Banana Growers and Exporters Association (PBGEA).

“For the first three months, our production was even worse than last year. We’re kind of worried that maybe at the end of this year, we might not be able to contribute even $1 billion,”

PBGEA Executive Director Stephen A. Antig said.

Citing the Philippine Statistics Authority (PSA), the total land area planted to banana was 442,894 hectares last year, with 84,328 hectares dedicated to Cavendish, which is cultivated in large plantations for efficiency.

Normin’s labor group seeks new wage hike

RICE FARMERS. A farmer sprays fertilizer on his rice crops in Banaybanay, Davao Oriental on Monday (1 May 2023). Farmers are still facing soaring prices of farm inputs and the possibility of below normal rainfall as the dry spell brought by El Niño is expected to begin in the next two to three months. (MindaNews photo by MANMAN DEJETO)

Militant workers stopped from entering CDO

By FROILAN GALLARDO MindaNews