Vol 5
Issue 40
In this Issue
PHL investment plan to focus on 3 priority sectors
Fayette C. Riñen CEBU, Oct. 2 (PIA) -- Three priority sectors will be given focus by the government in the three-year Investment Priorities Plan (IPP) 2014-2016 identified as the WESTERN VISAYAS sectors that can best sustain and catalyze further the country’s positive economic growth. Domingo Bagaporo, director of the Investment Assistance Service of the Board of Investments (BOI), enumerated the priority sectors which are manufacturing, agribusiness, and the services during yesterday’s BOI Investment Roadshow on the IPP 2014-2016 with the theme “Industry Development for Inclusive Growth”. Bagaporo said the IPP serves as a guide to investors PIA Dir. Gen. Mari Oquinena interacts with on what directions to take as well as an investment and students of the College of Education, West industry development tool as well as supports domestic Visayas State University on the importance and industries by way of incentives. relevance of APEC 2015. #APECIloilo IPP’s objectives are to create more jobs in strategic activities; improve access to social services; and to improve competitiveness of the nation, said
More on Region 6, pages 2-3. Also CLICK Here…
CENTRAL VISAYAS
Cebu Provincial Information Officer Ethel Natera discussing Ten Things To Know About #APEC2015 during the first of the two briefings on APEC today at the Apec Activity Center at Cebu Capitol.
October 5 - 11, 2015
Published by: PIA 6, 7 & 8
Bagaporo. IPP was developed in consultation with the private sector and government agencies coupled with research and peer review. Bagaporo said there is also a need to encourage investments that improve our country’s competitiveness especially in the areas of energy, infrastructure, and research and development. Among the incentives of the BOI for companies that are registered with the agency are income tax holiday and duty exemption on imported capital equipment, spare parts and accessories. Cebuano businessman Enrison Benedicto, chief executive officer of the Mabuhay Filcement Corp., also gave a testimony on how his company reaped the benefits of being a BOI-registered firm. He urged investors to take advantage of the BOI incentives and register with the agency as “incentives are probably the lifeline of our existence as investors.” (rmn/ fcr/PIA7)
Old peso bills until December 2015 only CONSUELO B. ALARCON TACLOBAN CITY, Leyte, Oct. 7 (PIA) – The Banko Sentral ng Pilipinas Tacloban Branch has reminded the public of the continuing demonetization process of old banknotes which started January 1, 2015 until December 31, this year. This means that within this period the old bank notes known as the New Design Series (NDS) can still be used alongside with the New Generation Currency (NGC) banknotes for day to day transactions to pay for goods and services while the process is still ongoing, BSP Tacloban branch head Ludivina M. Realina said during the Panginsayod ha PIA held Tuesday. Demonetization, as defined by BSP, is the process of removing the monetary value of a legal tender currency by the issuing authority. In an answer to the query why do we need to demonetize, Realino clarified that this is to safeguard the integrity of the Philippine banknotes especially that the new
peso bills known as the new generation currency has updated security features. Thus, BSP is encouraging the public to use the old banknotes in their possession within this period or exchange them at the BSP cash department office because old banknotes will fully lose its monetary value. Realina further said that from January 1, 2016 until December 31, 2016, old banknotes can no longer be used in day to day transactions but can be exchanged at face value, free of charge, at the Cash Department of the BSP’s regional office or at any BSP authorized agent bank. Instead of the old peso bills, the NGC banknotes will be the banknote series that will be used starting January 2017. The move is to align with the practice of other central banks around the world which change the design of their currency that has been in circulation for over 10 years. In our country, the old banknotes have been in circulation since 1985 or over 29 years. (ajc/PIA-8)
Iloilo Plan of Action targets farmers, fisher folks More on Region 7, pages 4-5. Also CLICK Here…
EASTERN VISAYAS
Regional Statistics Committee vice-chair and PSA interim regional director Raul Dones (left, on stage) delivered his opening remarks during the 26th National Statistics Month (NSM) at Robinsons Place, Tacloban City, October 1. (Vino R. Cuayzon/PIA8)
More on Region 8, pages 6-7. Also CLICK Here...
By Leonard T. Pineda I ILOILO CITY, Oct. 6 (PIA6) --- The Iloilo Plan of Action on Food Security and the Blue Economy will help push the interest of small-scale farmers and fisher folks in the Asia Pacific economies. Food security and fishery leaders and policy-makers from Asia Pacific economies have formally adopted the Iloilo Plan of Action after the two-day Asia Pacific Economic Cooperation (APEC) High Level Policy Dialogue on Food Security and the Blue Economy (HLPDFSBE) held October 4 to 5 at the Iloilo Convention Center here. Department of Agriculture Secretary Proceso Alcala, Co-Chair of the HLPDFSBE, said that instructions from the Philippine President mandated to push not just the interests of small and medium enterprises but also the more numerous micro-enterprises. “These include the small farmers, fishers and agribusiness entrepreneurs, reflecting the objective of fostering all-inclusive growth,” he said. The Iloilo Plan of Action consists of three pillars: 1) blue economy towards sustainable food supply chains for food security, 2) fish loss reduction for increased fish production, and 3) agribusiness development for food security and inclusive growth. Meanwhile, Bureau of Fisheries and Aquatic Resources National Director Asis Perez said that the Plan of Action will be significant to the productivity of coastal communities particularly the indigenous communities. “One important element in the recommendations is
to have a resilient ocean, coastal resources and ecosystems and sustainable aquaculture. Sustainable ocean is a prerequisite to sustainable production,” he said. He said that the discussion on fish loss reduction will also help advance the interest of small stakeholders. He said about 35 percent of what fisher folks produce are wasted and if this element is pushed forward, there will be a fish loss reduction by 35 percent. He also stressed the importance of connectivity or enabling fishers to directly deal with the market as an important element in the plan of action He added that access on the part of the small fishers to the upper level of the value chain can immensely benefit this sector. (JCM/LTP/PIA-Iloilo)
Department of Agriculture Secretary Proceso Alcala, Co-Chair of the APEC High-Level Policy Dialogue on Food Security and Blue Economy (HLPDFSBE) discusses to members of the media the benefits of the Iloilo Action Plan to the agriculture sector during a press conference held Monday, October 5, 2015 at the Iloilo Convention Center. Also in the photo is DENR Secretary Ramon Paje. (LTP/PIA-Iloilo)