BusinessWeek Mindanao (August 1, 2016)

Page 1

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 023

Market Indicators As of 6:13 pm july 26, 2016 (tuesday)

FOREX

PHISIX

US$1 = P47.193

8,024.54

X

1.3 cents

24.59

X

points

Briefly Pinoys’ optimisms FILIPINOS’ optimism about the qual ity o f thei r l i v es and the economy reached new record highs during the second quarter of 2016, the Social Weather Stations (SWS) said. The SWS survey conducted from June 24-25 showed that 49 percent of Filipino adults nationwide were expecting an improvement in their quality of life in the next 12 months. Only 3 percent were pessimistic. These brought net optimism at “record very high” at +46. The survey, conducted a week before President Rodrigo Duterte took his oath of office, also indicated that 60 percent of Filipino adults were hopeful that the Philippine economy would be better in one year.

Credit loans SURIGAO del Norte -- To act on the credit needs of agrarian reform beneficiaries, nine Agrarian Reform Beneficiary Organizations (ARBOs) here qualified for credit assistance through the Agrarian Production Credit Program (APCP) of the government. DAR-APCP officer Luningning B. Ycoy said the APCP’s main objective is to provide credit assistance to farmer-organizations not yet eligible for loans under the existing regular lending programs of the Land Bank of the Philippines (LBP). “The program will likewise address the credit needs of existing farmer-beneficiaries who are not yet accessing production loans from formal credit markets,” Ycoy said.

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Bill filed to establish Mindanao Rail Corp. www.businessweekmindanao.com

By MARK FRANCISCO Staff Writer

Davao region’s economy suffers slack in 2015

A

PROPOSED body that will serve as the backbone in establishing the proposed railway system in Mindanao is taking headway with a bill filed by Senator Juan Edgardo “Sonny ” Angara creating the Mindanao Railways Corporation (MindaRail).

Responding to President Duterte pronouncement, Sen. Angara filed Senate Bill No. 137 forming a stateowned Mindanao Railways Corporation which he said bill/PAGE 11

P15.00

Monday | August 1, 2016

By ANTONIO L. COLINA IV MindaNews

CITRONELLA. Farmers harvest citronella leaves at a cooperative farm in Barangay Impalutao in Impasugong, Bukidnon. Citronella serves as base ingredient for lotion and other body care products. Photo courtesy of Anthea M. Mordeno

Activists say no to US use of Lumbia airport By FROILAN GALLARDO, MindaNews

THREE American activists had themselves tied to the gates of the Philippine Air Force (PAF) base in Lumbia

Airport Friday afternoon, July 29, 2016, to protest the use of the base by the Americans airport/PAGE 11

DAVAO Cit y -- D avao Region’s economy slowed down in 2015 compared to its performance in 2014, a report from the Philippine Statistics Authority (PSA) showed. During the 2015 Report on the Economic Performance of Davao Region at the Grand Regal Hotel Thursday, PSA 11 chief Ruben D. Abaro Jr. said the region’s gross regional domestic product (GRDP) stood at 7.9 percent. In 2014, the GDRP was 9.3 percent. But the figure was higher than the region’s target of 7.5 percent, he noted. Na t i o n a l E c o n o m i c Development Authority 11 director Maria Lourdes Lim explained that the region’s GRDP slowed down due to the deceleration of its three major sectors – agriculture, hunting, forestry and fishing sector; industry sector; and slack/PAGE 11

Group helping cacao farmers to expand services to Luzon, Visayas GUARD HOUSE. Fishermen build a guard house beside a fish cage where they grow lobsters off the shore of Mahaba Island in the municipality of Hinatuan, Surigao del Sur. MindaNews photo by Bobby Timonera

By ANTONIO L. COLINA IV, MindaNews

DAVAO City -- A group helping local cacao farmers will be re-launched on August

1 to cover other farmers across the country. The C acao Industr y

Development Association of Mindanao Inc., a nongovernment organization, will be renamed the Cacao cacao/PAGE 9

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