BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 018
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Briefly Inflation drops THE National Economic and Development Authority (NEDA) said on Wednesday that slower price adjustments in food, energy, and oil pushed inflation to its new lowest level in 20 years Headline inflation rate plummeted further to 0.8 % in July 2015 from 1.2 % in the previous month and 4.9 percent in July 2014, according to the report of the Philippine Statistics Authority. “Inflation remained low and stable in the first semester of 2015 while year-to-date headline inflation lodged below the inflation target range of 2.0 to 4.0% set by the government for 2015. In fact, using the current base year 2006, the July 2015 inflation rate is a new record low, covering the monthly inflation series from 1995 to June 2015,” said Economic Planning Secretary Arsenio M. Balisacan.
Farm equipment A TOTAL of 118 agrarian reform beneficiaries organizations (ARBOs) composed of 18,845 CARP beneficiaries and 10,217 non-CARP beneficiaries in Northern Mindanao will receive P59.4 million worth of farm equipment from the Department of Agrarian Reform (DAR). Procured under the Agrarian Reform Communities Connectivity and Economic Support Services (ARCCESS), the equipment include 37 floating tillers, 27 rice threshers, 18 corn shellers, two units 120-horsepower tractors, 14 90-horsepower tractors, and one hand tractor. The above-mentioned common service facilities were already delivered to the DAR–10 Regional Office at Macanhan, Carmen, this city for inspection. Test runs were also subsequently done to determine the functional operating condition of the delivered units.
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Climate change causes global instability: report www.businessweekmindanao.com
Friday | August 7, 2015
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By BONG FABE, Contributing Editor
S PLANET EARTH keeps warming, global instability is becoming the new norm as climate change will worsen already violent disputes over meager resources.
In a 14-page report to the US Congress publicly released on July 23, the Pentagon said that climate change will have its greatest impact on areas most prone to instability and bloodshed, areas where conflict over resources are ongoing. To address the growing instability, the US military has equipped its Geographic C omb at ant C om m and s MAKING A LIVING. Amidst driving rain, kids make a living along the bank of Cagayan de Oro River by quarrying sand from the river floor. photo by mark francisco
M’danao’s cacao industry seeks P3-B funding By CARMELITO Q. FRANCISCO, Correspondent
M I N DA NAO’ S g o a l of producing at least 200,000 metric tons (MT) of cacao by 2020 implies the need for government funding support of up to P3 billion to bankroll the development
of the crop as well as create an agency that will oversee the industry’s direction, said Undersecretary Janet M. Lopoz, executive director of the Mindanao Development Authority (MinDA).
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“We hope to get at least P500 million next year so that we can start massively,” said Ms. Lopoz in an interview on the sidelines of t he R e g i on a l C a c a o Stakeholders’ Congress on Friday. cacao/PAGE 7
(GCCs) all over strategic areas of the world to address climate change in those parts. “GCCs generally view climate change as a security risk because it impacts human security and, more indirectly, the ability of governments to meet the basic needs of their populations. Communities and states that are already fragile and have limited climate/PAGE 7
Construction of a flood dike pushed by CDO residents By MARK FRANCISCO, Staff Writer
TWO concerned persons have been lobbying for the construction of a dike along the Iponan River in six months now. Dr. Reuben Daba and lawyer James Judith II, who called themselves as “concerned citizens,” are
working for the construction of a P244 million flood dikes in the Iponan River to protect a relocation site in the village of Canito-an here from flooding. Daba and Judith described the situation in sitio Calaanan, the relocation site in the village of Canitoan in Cagayan De Oro is flooded ever y time a downpour occurs. The residents in the area are experiencing a phobia because they were mostly victims of tropical storm Sendong in 2011 when floods spawned by the weather disturbance killed hundreds of people in the city, Judith said. dike/PAGE 11
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