BusinessDaily CREDIBLE
Volume III, No. 286
Market Indicators As of 6:12 pm AUG. 30, 2013 (Friday)
FOREX
PHISIX
US$1 = P44.60
6,075.17 points
0.145 cents
X
130.96 points
X
Briefly More infra THE Philippines will increase spending on infrastructure projects crucial in attracting more investments. “Notwithstanding the challenges of implementing p u b l i c - p r i vate p ar t n e r s h i p projects or PPPs, both the government and private sectors continue to invest heavily in infrastructure, whi c h ha s bee n a c r it i c al constraint to development,” said Socioeconomic Planning Secretary Arsenio Balisacan. Balisacan said the construction sector’s strong per formance as well as of manufacturing mainly boosted the industry sector to grow 10.3 percent in April to June this year. Construction for the past the past five quar ters grew double digits. In the second quarter this year alone, public and private construction grew by 31.1 percent and 9 percent, respectively.
Cagayan de Oro City
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IN-DEPTH
September 2, 2013
Growth corridors for M’nao goods pushed By IRENE DAYO, Reporter and DANIELLE VENZ, Contributor
E
XPORTERS of Mindanao products are pushing for the development of export gateways and growth corridors to enable them to penetrate foreign markets.
Rice sufficiency BUTUAN City -- Department of Agriculture - Regional Field Unit (DA-RFU) Caraga revealed that the region has a sufficient production of palay and positive rice sufficiency level. Caraga DA-RFU Operations and LGU Suppor t Regional Technical Director Edgardo Dahino during the Rise for Rice Support the National Year of Rice Legislators’ Congress on August 29 said the region has rice sufficiency level of 78.33 in 2011 and remarkably increased to 86.89 in 2012 and the subsequent years. “ Base d o n t he Carag a Rice Suf ficiency Level and Utilization data from 2011-216 with a population of 2,429,224 and growth rate of 1.5 percent based on 2010 NCSB Survey, the region will have 100.24 sufficiency level in 2013 and expected to increase on the following years under normal condition,” Dahino added.
P15.00
EXPORT GATEWAYS FOR LOCAL PRODUCTS. Elma Guiambangan shows some of their handicraft products made from buri leaves in Bai Matabay Plang Village, Kabacan, North Cotabato. Mindanao exporters are pushing for the creation of export gateways and growth corridors to enable them to market local products to foreign markets. mindanews photo by keith bacongco
The Mindanao chapter of the Philippine Exporters Confederation, Inc. said this will further promote products from Mindanao, the country’s premier food source and agribusiness producer. These five corridors are the Mindanao Food, Agribusiness and Logistics Corridor; the Mindanao Food Basket Corridor; the Mindanao Biodiversity and Ecotourism Corridor; the Mindanao Industrial Trade Corridor; and Mindanao Mariculture and Trade Corridor. These corridors can be clustered into three larger economic clusters according to their strategic role in the overall development of Mindanao. Within each corridor, an integrated development program will be implemented to jump-start and accelerate development. corridors/PAGE 11
Lasureco determined to the reform agenda Schemes for Agus Privatization proposed push MARAWI City -- After a month-long lull By Myrna M. Velasco, Contributor
STAKEHOLDERS in Mindanao have been propounding “hybrid privatization schemes” that the Power Sector Assets and Liabilities Management Corporation (PSALM) may consider for the Agus hydropower complex. Instead of outright sa le of the hydro assets, the schemes reportedly lodged to the Mindanao Development Authority (MinDA) and the Department of Energy (DOE) include a privatization of just the kilowatt-hours that can be generated from the facilities. According to DOE sources, it was proposed that “the net present value of the generated Schemes/PAGE 11
Agus V hydropower plant
at the cooperative in deference to the Holy Month of Ramadhan, LASURECO is again on the campaign trail to improve collections and delivery of services. GM Sultan Ashar y P. Maongco has implemented an unpopular decision to disconnect delinquent member-consumers numbering twenty-seven municipalities and more than twenty thousand individual member-consumers to save the cooperative and to continue its rehabilitation program. It should be remembered that a week before the start of the Holy Month of Ramadhan, LASURECO has a gentleman’s agreement with Lasureco/PAGE 11
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