Mindanao Daily NEWS BUSINESS . ECONOMY . CORPORATE . BANKING Bringing Good News of Mindanao
Coopertives’ contributions to Gingoog economy upheld Volume III, No. 126
Editor : Cheng Ordoñez
Friday
story on Page B1 12 October 24,See 2014
G
INGOOG City - The City Government of Gingoog highlighted the positive effect cooperatives have made in boosting local economic development among members and families during the city’s celebration of the National Cooperative Month with this year’s theme “Kooperatiba Maasahan sa Pagsulong ng Kabuhayan.”
Underscoring her administration’s thrust in concretizing a self-reliant and viable atmosphere for development by gearing cooperatives toward sustainable livelihood projects which will alleviate the living condition of its residents, City Mayor Marie Guingona lauded the performing 32 coops of the 42 organized by the personnel of the Cooperative Development Section under the leadership of Norma Carcido in making significant
headway in cooperative development. Agay-ayan multi-purpose cooperative board of directors, meanwhile, cited that the mayor’s approval of P760,000 for the completion of its coco sugar processing plant builds a marketable and Bureau of Food and Drugs (BFAD)certified Tatak Gingoog healthy sweetener which sells here and abroad. The lady chief executive has acknowledged the
Malacañang said it continues to work with Congress to come up with an acceptable solution to the impending power shortage during summer next year. “The government wants to ensure a stable supply and reasonably priced electricity for our people during the summer months of 2015,” Presidential Communications Operations Office Secretary Herminio Coloma, Jr. said in a press briefing at the Palace on Tuesday. “We will continue working with Congress in providing an appropriate response and a satisfactory solution: stable and reliable supply at rates that are reasonable and not excessive or abusive,” he added.
According to Secretary Coloma, the Department of Energy (DOE) has said that even if there is no actual power shortage in the summer of 2015, reserves will likely be thin. Should there be unexpected breakdowns or unscheduled maintenance of electric power plants, the thin reserves could be depleted and result in rotational brownouts, he explained. The House of Representatives is currently discussing the proposed joint congressional resolution to grant the President emergency powers to address the projected electricity shortage next year. (PCOO/ PND)
See economy, page B2
Palace, Congress work to ensure stable power supply next year
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(Above Photo)Department of Agriculture - 10 Asst. Regional Director Constancio C. Maghanoy, Jr. delivers a message Thursday (October 23) to beneficiaries of the agency’s projects worth P2.11 million intended for Sajahatra (progress) Bangsamoro community of the Moro National Liberation Front, at Camp Bilal, Munai, Lanao del Norte. (right photo) Beneficiaries of the Department of Agriculture-10’s projects for Sajahatra Bangsamoro wait for the distribution of provisions, yesterday, Oct. 23,2014, at BIAF Camp Bilal, Munai, Lanao del Norte. (Cheng Ordonez)
Mindanao to be key player in ASEAN economic integration, says biz leader DAVAO City - Where does Mindanao sit in the scheme of things in the upcoming ASEAN economic integration? The answer is that there will be no “sitting” involved. Vicente Lao, chairman of the Mindanao Business Council and Philippine country representative of the BIMP-EAGA Business Council, said on Thursday that Mindanao will be part of the “moving trade and production process” of goods across the ASEAN region. Mindanao, after all, is a major trade gateway to the BIMP-EAGA.
Mindanao’s strength lies in its location and its resources. Lao said that the island has fertile land and largely remains to be typhoon free; hence, crops can grow all year round. He a ls o ment ione d that the Bukidnon-Davao (BuDa) area has high potential in terms of being able to plant high-value vegetables and flowers. “Bukidnon’s high altitude climate makes it conducive to planting crops that can’t be grown elsewhere in the Philippines,” he said. Logistics, however, is seen to impede the foreseen
dynamic trading processes. Building roads and bridges are already addressing this problem. He said that Mindanao also has a lack of storage facilities; that there’s a need for an uninterrupted temperature-controlled supply chains. These can efficiently store and distribute products and extend shelf life of fresh agricultural produce. “Mindanao also has a growing poultry business that is bird-flu free,” he said. One of the biggest weakness of Mindanao that’s yet to be addressed is power and energy. He is optimistic
that the island will be selfsufficient by next year. Lao said that every country will be involved in the cross-border trade and in the ASEAN Integration. But the end of the process will see competitive products produced by members of the network. “We have to stop thinking of every country producing goods by itself,” he said. “We have to start thinking of the whole ASEAN as a single source of the goods to be sold in Europe, to US, or to China.” He foresees this process See mindanao, page B2
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