BusinessDaily CREDIBLE
Cagayan de Oro City
Volume III, No. 282
Market Indicators As of 6:10 pm AUG. 23, 2013 (Friday)
FOREX
PHISIX
US$1 = P44.26
6,161.21 points
X
9 cents
24.48 points
X
Briefly Coffee GENERAL Santos City -Local officials and members of the business sector are looking into the possibility of turning Gen. Santos City as the next coffee capital of the South. In a re c e nt meet ing with Cit y Mayor Ronnel Rivera , representatives of Corporate Holdings Management, Inc. (CHMI) a n d N e s t l e Ph i l i p p i n e s proposed to establish a 50-hectare demo farm in the city to test and assess the capability of the land. Jonathan Villaverde of Nestle Philippines also said Nestle is going to develop agricultural lands in the city for the coffee industry. Consumer body BUTUAN City -- A consumer body will be formed here in the region which will reach out to the sector of the youths, officials said Friday. The Regional Federation of Consumer s here will initiate the formation of a consumer body which will reac h out to the young people. The organization and other youth consumer organizations in other places of the region may form themselves into a regional federation eventually, Caraga Regional C o n s u m e r s Fe d e r a t i o n Pres. Egmedio Tidalgo said. “It is but timely to teach, train and equip the youth on consumerism and its welfare in order to prepare them to become mature and responsible consumers in the future,” Tidalgo said.
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August 26, 2013
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THERE’S NO STOPPING!
Nationwide protests vs pork barrel swell
D
By IRENE DAYO, Reporter with Wire Reports
ESPITE pronouncement made by President Benigno S. Aquino III on Friday calling for the abolition of the Priority Development Assistance Fund (PDAF), there’s no stopping for the scheduled simultaneous protest rally today dubbed “Million People March” against the blatant misuse of the so-called pork barrel fund.
In Cagayan de Oro, a protest rally will be held at Gaston Park, while millions are expected to do similar protest actions in other parts of the country. The simultaneous protest action was called upon by netizens over social media after the scandalous misuse of lawmakers’ PDAF, otherwise known as “pork barrel fund,”
broke out linking several senators and a number of congressmen. Established in 1990, the PDAF was intended to bring development to every part of the country by making sure that every congressman will have an assured allocation for his district even if he is a member of the silent swell/PAGE 11
‘NO MORE PORK.’ Wearing masks of porcine replica, activists join calls for the abolition of the graft-laden pork barrel during a protest rally in Manila Friday. photo courtesy of richard a . reyes
…FOI bill’s passage Dubious NGOs got P45-M will prevent another from Surigao solons’ PDAF pork barrel scandal By ROEL CATOTO, MindaNews
By BONG D. FABE, Associate Editor
VOWING to join today’s nationwide People’s March Against Pork, Freedom of Information (FOI) advocates urged for the immediate passage of the bill to prevent future pork scandals from happening again. “Yung issue ng pork ang lalong nagbibigay ng hudyat ng maagang pagpasa ng FOI Bill,” Rep. Arlene “Kaka”
Bag-ao of the lone district of Dinagat Island told the Business Daily. She sa id t hat FOI prevent/PAGE 11
SURIGAO City -- Dubious non-government organizations (NGOs) allegedly got close to P45 million from the Priority Development Assistance Fund (PDAF) or pork barrel allocations of politicians from Surigao del Norte, the 452-page report released by the Commission on Audit (COA) showed. First District Rep. Francisco Matugas allotted around P20 million to questionable NGOs, according to the COA special audit report covering the period 2007 to 2009. Former 2nd District Rep. Robert Ace Barbers also allocated some P25 million PDAF/PAGE 11
COA ch a i r m a n G ra ce Ta n s h ows re p o r t confirming that some legislators downloaded their pork barrel fund to dubious NGOs.
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