BusinessWeek Mindanao (August 27, 2014)

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BusinessWeek MINDANAO 2 cents

Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

Volume V, No. 35

Market Indicators

As of 6:13 pm August 26, 2014 (Tuesday)

FOREX

PHISIX

US$1 = P43.77

7,146.35 points

6 cents

X X Briefly 13.26 points

MRDP projects BUTUAN City -- The municipality of San Luis in Agusan del Sur culminated the Mindanao Rural Development Program (MRDP) implementation through a celebration during the turnover of the remaining P5 million worth of livelihood sub-projects completed under the 3rd round of MRDP’s Community Fund for Agricultural Development (CFAD) last August 8. In total, the municipality was able to avail P59 million worth of projects under the MRDP including the reinforced concrete deck girder (RCDG) Bridge amounting to P40M; P9M Farm to Market Road; and P10M worth of various livelihood projects such as expansion of potable water system (level 2), cattle production, pre and post-harvest facilities, goat production, multi-purpose drying pavement (MPDP) with open storage, and MPDP with warehouse. “I am very thankful to the Department of Agriculture for this support. This indeed calls for a celebration,” Mayor Ronaldo Corvera said.

Trade expo SURIGAO City -- The provincial office of the Department of Agrarian Reform-Surigao del Norte (DAR-SDN) recently joined the 2014 Mindanao Trade Expo held at the Abreeza Mall in Davao City. The expo gathered Mindanao’s best manufacturers that converged at the mall’s activity center from August 8-15, 2014. Six products from the assisted Agrarian Reform Beneficiaries Organizations (ARBOs) of DAR-SDN were chosen to be displayed at the expo. The ARBOs were all recipients of DAR’s Village Level Processing Center Enhancement Project (VLPCEP).

www.businessweekmindanao.com

Wednesday | August 27, 2014

P15.00

Bill seeks use of coco fund to help farmers S

By IRENE JOY B. DAYO, Staff Writer

ENATOR Cynthia Villar has strongly pushed for the use of the P100-billion coco levy fund to alleviate the poor condition of coconut farmers in the country.

SAVING THE COCO INDUSTRY. Sen. Cynthia Villar (center) bats for measures to help the dying coconut industry in the country during the recently held 2014 Cocofed Scholars National Convention held August 22-23 in Cagayan de Oro City. Also in photo are SaveCoconut Foundation Inc. President and Chairman Edwin C. Erni, and Philippine Coconut Authority Administrator Romulo N. Arancon Jr. photo by candy d . macabale

Speaking during the Cocofed Scholars National Convention in Cagayan de Oro City on Saturday, Villar, who is chairperson of the Senate Committee on Agriculture and Food, said she had filed a bill in the Senate that would allow the use of the multibillionpeso coco levy funds and assets to help benefit about 3.5 million coconut farmers in the country, which were considered as among the poorest of all farmers. “On the average, coconut farmers earn P50 a day. With this bill and intercropping, which we are introducing to them, we hope to be able to help them augment their earnings later on,” Villar told about 300 Cocofed scholars

attending the event. “Ngayon po ay tina-try nating ipasa, how we release the fund na nagkakahalaga ng P100-billion para matulungan ang ating mga coconut farmers,” Villar, who just filed five agricultural bills since the resumption of the Senate session in July this year, said. Under Villar’s version of the coco levy bill, portion of the fund would be used for scholarship programs f o r f a r m e r ’s c h i l d r e n [the cocofed scholarship program], for the purpose of producing new generation and trained farmers coming from farming families. “Para naman ang agriculture natin ay fund/PAGE 11

Biz group in CDO to host Yamaha takes on Mindanao off-road Mindanao Food Confab challenge with XTZ125 and Serow250 T H E C a g ay a n d e O ro Chamber of C ommerce and Industry Foundation, Inc. (Oro Chamber) will host the Mindanao Food Congress 2014, the largest gathering of agriculture and food industry players, government policy makers, exhibitors, businessmen and consumers in Mindanao. This year’s Food Congress with the ultimate goal of aligning Mindanao Food

Security in the ASEAN Market hopes to re-affirm the position of the island as the country’s food basket by showcasing its agricultural products towards finding new markets and establishing industry networks. M o r e i m p o r t a n t l y, this conference will be an opportune time for privatepublic stakeholders to discuss policy issues as they prepare confab/PAGE 11

By CHENG ORDONEZ, Associate Editor

DAVAO CITY -- Yamaha Motor Philippines, Inc. announces a very promising

prospect in sales of its XZT125 -- hitting more than a thousand unit sales -- after

YAMAHA’S XTZ 125. Local riders use the Yamaha Motor’s newest model, the Yamaha XTZ 125, which was introduced during the Cyclomax Motocross Competition held Sunday at the Davao Crocodile Park in Davao City. The event was part of the Kadayawan Festival. Also launched was Japan-made Yamaha Serrow 250. photo by gerry lee gorit

its successful launch last month at the Yamaha Head Office in Lima, Batangas, and on August 24, 2014, revved the off-road tracks, at the heart of Mindanao adventures -- Davao. Ya m a h a t a k e s t h e Mindanao off-roads at the 29th Kadayawan Cyclomax Mx in Davao Crocodile Park Complex in Ma-a, where riders in the south w e re t re at e d t o t w i n demonstrations and exciting race, at the dirt tracks with the arrival of, not just one, but two off-road gems -- the XTZ125 and the Serow250. The Serow250 was also introduced last month at the Yamaha’s Head Office in Lima, Batangas, along with the XZT125, and, in yamaha/PAGE 11

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


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