BusinessWeek M I N DA N A O CREDIBLE
Volume VIII, No. 133 As of 6:00 pm April 10, 2018 (tuesday)
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Mindanao peanuts TWO food companies — Peanut Kisses from Bohol and Cheding’s Peanuts of Iligan City — are considering sourcing raw peanuts from Mindanao growers to replace imports. “Peanut Kisses, based on our initial talks, have 90% of their inputs come from outside of the country… they have a very low supply of peanuts from Bohol so they need to expand the supply base in Mindanao, and the same with Cheding’s,” said Theoffany Joy D. Cabanda, agribusiness and marketing expert of the Mindanao Sustainable Agrarian and Agricultural Development (MinSAAD). Ms. Cabanda said representatives of the Bohol-based Alturas Group of Companies and Cheding’s Peanuts, Inc. met with Mindanao peanut farmers during last week’s Usapang Kalakalan forum organized by MinSAAD, a program implemented by the Department of Agrarian Reform with funding from the Japan International Cooperation Agency.
Rubber industry THE provincial government of Cotabato, which is aiming to be one of the country’s top producers and exporters of natural rubber-based products by 2020, plans to set up more trading posts to encourage farmers to maintain as well as develop more rubber areas. Governor Emmylou TaliñoMendoza, in her State of the Province Address delivered on March 20, said producers of rubber cup lumps — the raw product from tapping rubber trees — have shown “interest again” in the crop after being discouraged by the record low price of P14 per kilogram (/kg) several years ago. Last year, the implementing rules and regulations for Provincial Ordinance No. 594 were finalized, paving the way for the establishment of Rubber Trading and Auction Centers, known locally as bagsakan, in several municipalities.
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Middle East investors aimed for Mindanao www.businessweekmindanao.com
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YOUR Mindanao-wide BUSINESS paper
Tue-Wed|April 10-11, 2018
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By ARMANDO FENEQUITO, JR. , PNA
T
HE Mindanao Development Authority (MinDA) is e yeing investors from the Middle East countries for the development of Mindanao.
‘WE MEN’S DAY’. Some male Misamis Oriental provincial government employees take part in contests such as wearing adult diaper and drinking from Orange juice bottle during the “We Men’s Day” held at the Provincial Capitol. photo by gerry lee gorit
M’danao’s economic growth to drive PH development By LILIAN MELLEJOR, PNA
DAVAO C I T Y - - T h e growth and development of Mindanao could drive the country’s full progress if t he government and other stakeholders succeed in unlocking the region’s potentials. This prospect was expressed by World Bank (WB) Countr y Director for Brunei, Malaysia, the Philippines and Thailand, growth/PAGE 11
PROPOSED MINDANAO BUDGET. Secretary Abul Khayr Alonto (center), Mindanao Development Authority chair, at the forum on “Mindanao Today, Mindanao Tomorrow” at Marco Polo Davao Friday where he revealed the proposed 24-percent budget for Mindanao. With him are Mara Warwick (left), World Bank’s Country Director for Brunei, Malaysia, the Philippines and Thailand, and Miguel Rene Dominguez, Philippine Business for Social Progress chair. mindanews photo by manman dejeto
MinDA Chair Secretary Datu Abul Khayr Alonto said he will be meeting with some investors from the Middle East who are interested to pour in capital to the region “The Middle East (investors) want to relocate their funds and what we want it is not only to make Mindanao as the parking area of that funds but for a destination of investment in partnership with our people,” he said. In this meeting, Alonto said he would request investors not to just to participate as buyers of the product of Mindanao, but to its development by putting up their industry here on the island. Alonto pointed out the benefit of putting investors/PAGE 11
Xavier U tops off Dorm 1 of integrated tech center By MIKE BAÑOS, Editor-at-Large
MINDANAO’S f irst university used the birthday of its Patron saint for the topping-off ceremony of the Dorm 1 for its Andrew L. Gotianun, Sr. Center for Integrated Technologies (ALGCIT) at Manresa C omp l e x , Fr Wi l l i am Masterson Avenue, Upper Balulang, Cagayan de Oro City “It is significant to note that we are able to hold the
topping-off of the Dorm 1 of this ALGCIT program on the 7th day of April, the birth date of St Francis Xavier, patron of our University and the universal Church’s tops/PAGE 11
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