BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 071
Market Indicators
As of 6:00 pm December 3, 2015 (thursday)
FOREX
PHISIX
US$1 = P47.15
6,994.10
X
5 cents
X
52.98 points
Briefly Child labor DAVAO City – Labor Secretary Rosalinda Baldoz unified with the partner agencies of the Department of Labor and Employment in Davao Region in upholding the crusade against child labor. Baldoz recently witnessed the signing of a Joint Memorandum Circular (JMC) by DOLE and its partner government agencies that would strengthen the implementation of the Help Me Convergence Program that aims to address child labor in Davao Region. The Help Me Convergence Program adopts the communitybased approach and focused, converged and synchronized strategies in providing social services such as food, clothing, and education assistance among others.
Fake-dollars handler face THE police have filed a case against a resident of Tagoloan, Misamis Oriental, for illegal possession and use of false treasury, particularly fake dollar bills, after having been caught by operatives of the Cugman Police Station. The suspect, Roy Neri Janio, 55 years old, was caught in an entrapment operation by the operatives of the Cugman Police station headed by P/Sr. Inpr. Ian G. Borinaga, station commander. A pastor filed a complaint against Janio for allegedly selling him fake dollar bills.—C. ORDONEZ
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Thu-Fri | December 3-4, 2015
By Antonio L. Colina IV MindaNews
Fate of BBL depends on Moro people’s assertion: negotiator
D
AVAO C i t y — Five municipalities in the Autonomous Region in Muslim Mindanao recorded the highest poverty incidence in the country, results of the Philippine Statistics Au t h o r i t y ’s 2 0 1 2 estimates on poverty incidence showed. The results were presented by Dr. Zita Albacea, executive director of the Philippine Statistical Research and poorest/PAGE 11
By H. Marcos C. Mordeno MindaNews
‘TIS THE SEASON. A Maranao vendor displays Christmas decors for sale in Malaybalay City on Wednesday (December 2, 2015). mindanews photo by h. marcos c. mordeno
P120-M allocated for the country’s crab production By ERCEL MAANDIG, Reporter
THE Bureau of Fisheries and Aquatic Resources (BFAR) has allocated P120 million for crab production in the country, BFAR 10 Regional Director Visa Tan Dimeren said on Thursday. Dimeren said that BFAR Undersecretary Asis Perez made the disclosure during a visit here last November where he was informed about the status of the crab and prawn production in Northern Mindanao. She said that the amount would be utilized for Crab Fattening and Soft Cell Crab Production
in the country. Misamis Occidental could get a bigger slice of the fund due to the existing prawn and crab farming in the area, Dimeren said. Dimeren identified the cities of Tangub and Ozamis whose coastal areas straddled in Panguil Bay crab/PAGE 11
DAVAO City -- The future of the Bangsamoro Basic Law depends on the assertion of the Moro people for their rights, a member of the Moro Islamic Liberation Front said Monday. “Continue your assertion for the next 1,000 years… Thank you for your trust but this is not for us (peace panel). We’re not expecting rewards in this world. This is for the good of the people and Islam,” Prof. Abhoud bbl/PAGE 11
Power, food shortage loom as El Niño persists in Mindanao THE United Nations has cautioned of months of extreme weather in many of the world’s most vulnerable countries brought about by what could be one of the strongest El Niño events to be recorded in 50 years. El Niño — when warmer waters in the eastern tropical Pacific Ocean drive extreme weather conditions — causes drastic storms, dry spells and heavy floods, escalating the risk of disasters, diseases and forest fires, and jeopardizing power supply and food security at the local level. “The main effect of El Niño in the Philippines is
likely a reduction in rainfall,” said Dr Wendy Clavano, an earth systems scientist. “Drought already persists in parts of Mindanao and is forecast to last longer than in the rest of the Philippines.” According to a World Food Programme (WFP) report, rice shortages are expected in the Philippines, Indonesia, Vietnam and other rice-consuming Southeast Asian countries while grain harvests have already been terribly hit by severe droughts in Central America and Africa. This year’s El Niño may be as severe as the one in
1997-98, when an estimated 23,000 people died. “Water supply for domestic use and agriculture will suffer. Irrigation will be affected but farmers whose crops are rain-fed will suffer the most,” Clavano continued. “If the Amihan (winter monsoon) fails to bring enough rain, food security will become an issue.” The lack of water has negative impacts on health and sanitation, including possible outbreaks of mosquito-borne diseases during a drought. “There is also a likelihood that air el niÑo/PAGE 9
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