Edge Davao 5 Issue 119

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Gihigugma nako ang Dabaw.

EDGEDAVAO P 15.00 • 32 PAGES

VOL.5 ISSUE 119 • FRIDAY - SATURDAY, AUGUST 17 - 18, 2012

www.edgedavao.net

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The Big News

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ATTENTION. A souvenir shop displays an “I Love Davao” signage to catch the attention of the tourists who are here for the Kadayawan Festival. [LEAN DAVAL JR.]

The Big News Page 3

No improvement in BSP gold-buying By Vicky Berdina M. De Guzman

Sports

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EllING of gold to the Davao branch of the Bangko Sentral ng Pilipinas has not improved bit. It is still down to only 8-10 percent of what used to be sold here by miners from various gold-producing parts of the Davao Region. This was bared by lawyer Demetrio E. Casipong, BSP Davao director, in an exclusive interview with Edge Davao.

Casipong confirmed an earlier report by the regional offices of the National Economic Development authority headed by Regional Director ma. lourdes D. lim and the National Statistical Coordination Board (NSCB) headed by Regional Director Estrella R. Turingan during a press briefing at the Davao City Hall. The two lady regional directors

said that the slump in the volume of gold sold to BSP started in 2011. They said that the decline registered in the income of the Davao Region from gold production after many small scale miners and mining cooperatives stopped selling gold to the BSP in 2011. lim said the mining sector suffered the decline in recorded gold production from small-scale min-

ers, a sector that used to contribute 98 percent of the gold output of the region as shown in the volume sold to the BSP. Casipong also confirmed that the small-scale miners and mining cooperatives in Composltela Valley and neighboring areas stopped selling to BSP when the Bureau of Internal Revenue started impos-

ricultural products at farm gate prices, transport and sell these to public markets, malls, restaurants and other traders. Ray acain, president of the Vegetable Industry Council of Southern mindanao (VICSmIN),

said Thursday that vegetable farmers in the cities of Tagum and Cagayan de Oro (CDO) are already organized in formal associations and are able to hire their marketing officer to look for direct markets.

“This is what we are trying to do with our farmers in Davao, and they are still looking for a center that will serve as their outlet,” he told mindaNews. Val Turtur, VICSmIN vice

To access direct market

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Small vegetable farmers organized

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mall vegetable farmers in mindanao are being organized in their areas to have a direct access to markets and thus reap the profits instead of the middlemen, who have financial capital to buy ag-

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