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Editor : CHRISTINEEditor H. CABIASA - iamxtine1992@yahoo.com : CHENG ORDOÑEZ
tuesday, august 25, 2015 Advertising and Editorial E-mail : mindanaodailynews@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Food Innovation Center to raise safety, quality standard - DTI
C
AGAYAN DE ORO CITY -- The newly launched Northern Mindanao Food Innovation Center (NMFIC) at the Mindanao University of Science and Technology (MUST), Cagayan de Oro City on 21 August 2015 is hoped to raise standards in safety and quality of local food processors and be more competitive internationally. According to DTI Misamis Oriental Provincial Director Ma. Eliza A. Pabillore, with NMFIC, DTI hopes that local food processors will raise their bar of standards in safety and quality; and that they will be more competitive than the rest of the world. Local food processors
can now avail of NMFIC, which was launched during the Science Nation Tour of the Department of Science and Technology (DOST). This is a center for food research and development and packaging and labelling equipped with technologically competitive food processing and packaging facilities; with a pool of professional and technical experts, is open to all micro, small and medium enterprises who wants to improve their products or wants to execute a product idea. They also accept label design, short run processing and toll-packing. The following equipment can now be used for a minimal fee: Convection
Drying Cabinet/Machine, Cabinet Steamer, Cold Extrusion Machine, Continuous Band Sealing Machine, Desktop Cup Sealing Machine, Flour Milling Machine, Foot Operated Impulse Sealer, Stainless
Steel Grain Grinding Machine, Induction Sealing Machine, Octagonal Mixing Machine, Shrink Packaging Machine, Spray Dryer, Vacuum Fryer, Vacuum Packaging Machine and Vertical Granular Form
Fill Packing Machine. NMFIC is a collaboration of different agencies composed of MUST, DTI, DOST, Office of 2nd Congressional District of Cagayan de Oro and the Food Processors Associa-
tion of Northern Mindanao. It is located at 2F NMFIC Building, Mindanao University of Science and Technology, National Highway, Lapasan, Cagayan de Oro City. (Loraine C. Brillantes/ DTI-MOR/PIA10)
Foreign investors eye Maguindanao town for coconut, banana, coffee imports By Edwin O. Fernandez
MATANOG, Maguindanao – What used to be a barren lands is now the focus of foreign investors willing to pour in capital as dividends of Mindanao peace process, the local executive today said.
Investors from Asia, Middle East and South America are bent to pour in millions of dollars “because they found the rich soil of Matanog,” town Mayor Mohammad “Kits” Guro said. The mayor was referring to the village of Langkong, part of the more than 10,000 hectares idle lands used in the past as bailiwick of the Moro Islamic Liberation Front (MILF). “Langkong” is a Maguindanaon-Iranun term for fertile soil. “A study was conducted and it found out that the quality of soil is exceptional,” Guro told reporters. “Langkong soil nutrients is
high quality, so the people here now are excited and have been asking when the project will start,” he said, adding that investment processing of documents is being fast tracked. Investors consider to acquire coconut, banana, pineapple and coffee from Matanog and nearby towns, Guro said, adding that he met with several investors while performing pilgrimage in Mecca, Saudi Arabia this year. “Within the year, investments will come in and this quiet town will soon become agricultural economic zone of Maguindanao,” the ever optimistic Guro said. In fact, Guro stressed, a Malaysian investor is
willing to import from Matanog, anytime, huge supply of whole coconut. “If we can supply coconut right now, the investor is ready,” he boasted. But Guro said he is still coordinating with neighboring towns for additional coconut supply because Matanog could not fill in the Malaysian demand as of yet. He said investor concern was security and it has been addressed with the help of the Army’s 603rd Infantry Brigade who mediated to settle family and Muslim clan wars. The GPH-MILF peace agreement has transformed Matanog from war-torn community to investment destination. (PNA)
Aboitiz Equity secures $ 400-M loan facility for cement business By Leslie D. Venzon
MANILA -- Listed holding firm Aboitiz Equity Ventures, Inc. (AEV) on Monday said it signed a $ 400-million loan facil-
OROFIESTA TRADING SERVICES, INC.
ity agreement with one of Japan’s leading financial companies to partially fund a cement business. AEV reported to the
Philippine Stock Exchange it obtained a bridge loan from The Bank of TokyoMitsubishi UFJ, Ltd. in Manila for the acquisition of the various Philippine assets and businesses of Lafarge S.A., including the cement production and other cement related businesses and services. AEV last month formalized a Php24-billion deal with Irish building materials giant CRH plc (CRH) on the former’s investment in holding companies with the aim to purchase Philippine assets and businesses of Lafarge. This, after European cement giants Holcim and Lafarge completed their global merger. (PNA)
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