2
Sept. 25-Oct. 1, 2011
Economy
BusinessWeek
Production of palay in Normin up by 5% in Q2 By Apipa Bagumbaran
CAGAYAN de Oro City––A total production of 121,844 metric tons of palay have been noted in Northern Mindanao in the second quarter, this year, up by 5 percent, compared to the 116,088MT recorded in the same period of 2010. Data from the Bureau of Agricultural Statistics (BAS) gathered by the National Economic and Development Authority (NEDA), in region 10, show that favorable performances in rice production of Bukidnon, Misamis Occidental and Misamis Oriental contributed to the
positive regional output. Engr. Cecilio Y. Clarete, Chief Economic Development Specialist of NEDA-10, disclosed in a media forum held recently, here, that the sufficient irrigation water and rainfall pushed up the production in Bukidnon by almost 13 percent. However, the average yield in Bukidnon slightly declined from 3.82 to 3.77 tons, per hectare due to rat infestation, he further disclosed. He said the 28 percent production growth in Mis. Occ. was due to the movement of planting towards the 1st quarter, while the 21 percent
production increase in Misamis Oriental was attributed to more upland plantings in Gingoog City and the municipality of Claveria. On the other hand, Lanao del Norte’s yield in irrigated areas declined to 3.49 from 3.7 tons per hectare due to stem borer infestation and lesser application of fertilizer, Clarete further said. He said the growth in the volume of production, as well, as the increase in the average farm gate price by 2.44 percent resulted in a 7.51 percent growth in the value of palay grossing at Php1.896 billion.
Meanwhile, the region’s net rice sufficiency level in the 2nd quarter was 55.21 percent, higher by only 0.24 percentage points compared to the same period, last year. The region’s rice inventory as of July 1, 2011 reached 2.282 million bags, estimated to sustain the region for 90 days with its daily rice consumption requirement of around 25,480 bags. The National Food Authority (NFA) held 63 percent of the total stock while household and commercial stocks held 21percent and 16 percent, respectively. pia-10
We are now open everyday, Mondays to Sundays and on Holidays
mindanao
OroChamber to PNP: Heighten security OroChamber President Antonio Uy is calling the city police and the entire Philippine National Police in the region to heighten the security in the City of Cagayan de Oro and Province of Misamis Oriental and nearby areas. “The abduction of a local businessman right at his very office in daytime last Monday would tell us that we need to boost up our local police forces,” said OROCHAMBER President Tony Uy.
Two days after the incident, a quick robbery in Cogon ensued. “If we are serious in promoting new investments to our area, then we have to do something to curb this peace and order problem,” Mr. Uy added. If our police is deficient in number, by all means we need some augmentation. “We believe that creating an elite police force that takes care of intelligence gathering and solving major crimes to include kidnapping and robbery is in order,” opined Mr. Efren Uy, OroChamber Vice President for Trade and Commerce and Past President of the Misamis Oriental Filipino Chinese Chamber of Commerce and Industry (MOFCCCI). A small portion of the intelligence fund can be maximized to initiate this elite police team. In the meantime, local residents and the business community are advised to be vigilant at all times. The latter should brief security personnel to always ask for the Identification Cards (ID of those wanting to talk to the owner. Appropriate CCTV facilities should also be put up in every business establishment in the area.