BusinessWeek Mindanao (December 6, 2017)

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BusinessWeek M I N DA N A O CREDIBLE

Volume VIII, No. 78

Market Indicators FOREX

PHISIX

US$1 = P50.590

8,145

3.3 cents

60.55 points

Briefly

X

Shipbuilding THE Department of Trade and Industry (DTI) is studying Mindanao as a third location for shipbuilding, apart from Subic and Cebu, to be supported with a program of incentives under the second phase of its Manufacturing Resurgence Program (MRP). DTI Assistant Secretary for industry development and trade policy Rafaelita M. Aldaba told reporters that the department is currently drafting an incentives program for the shipbuilding industry to attract investors and boost local manufacturing, akin to the Comprehensive Automotive Resurgence Strategy Program for the auto industry. “We are also preparing a support package which could build a maritime industrial heart in the country along with the promotion of the medium and small-sized vessels (which are roll-on, roll-off capable),” she said.

Bio-fuel enhancer USED cooking oil may be harmful to health but a little bit of science can turn it into an environment savior. This is exactly what Davao-based Emiliano Quitiol, an inventor, found out way back in 2003 when he started working on his own biofuel. Now he has perfected his product he dubbed EFQ Bioforce. “Fresh cooking oil, after several times of use, is considered a toxic substance and hazardous (to health),” Quitiol said. “Used cooking oil as raw material for the production of EFQ Fuel and Oil Additive will pave the way for solving the proper disposal of used cooking oil and will assure public health and safety,” added Quitiol when he pitched EFQ Bioforce to members of the Rotary Club of Davao recently. cmyk

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Poverty in Misor drops www.businessweekmindanao.com

As of 6:00 pm December 5, 2017 (tuesday)

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YOUR Mindanao-wide BUSINESS paper

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Wednesday | December 6, 2017

By MARK FRANCISCO, Staff Writer

HE quality of life in Misamis Oriental has improved by one percent following the drop in poverty incidence as reported by the National Economic and Development Authority (NEDA). Prov i nc i a l gove r nor Yevgeny Vincente Emano, speaking at the capitol for garnering the coveted 2017 Seal of Good Local Governance, said the new data released by the National Economic and Development Authority

(Neda) complemented the capture of the coveted award. The Department of Interior and Local Government (DILG), handler of the Seal of Good Local Governance, evaluates local government units (LGUs) according to good financial keeping,

d i s a s t e r pre p a re d n e s s , social protection, business friendliness and competitiveness, environment management and peace and order. Wit h t he prov inci a l population at 900,000, Emano said at least 9,000 people have breached the poverty line in 2017 according to the new Neda report. The governor also said that aside from the cash prize of P3 million, possessing the Seal of Good Local Governance is an advantage for provinces seeking foreign and multinational investments. poverty/PAGE 11

P15.00

New Zealand to back farmers in Mindanao NEW ZEALAND has committed a $2.5 million to support agricultural development and food security in Mindanao, according to the Food and Agriculture Organization (FAO) of the United Nations. In a statement, the FAO said the project is aimed at restoring the agricultural livelihoods of communities affected by armed conflict,

drought and flooding in the provinces of Cotabato, Maguindanao and Lanao del Sur from 2015 to 2017. The project is expected to reach 3,000 farming families in Maguindanao and Cotabato provinces alone. “Half of the Philippines’ agri-businesses are located in Mindanao. An efficient farmers/PAGE 11

Members of NGPI ARB Multi-Purpose Cooperative raised their clench ala President Duterte style at the main gate of Filipinas Palm Oil Plantion, Inc. in Rosario town in Agusan del Sur. by photo by chris v . panganiban

Tension grips palm oil land reform areas in Agusan del Sur By CHRIS V. PANGANIBAN, Contributing Editor

SAN FRANCISCO, Agusan del Sur— Tension gripped the palm oil lands in Rosario town already up for final distribution as land reform areas on Dec. 6 after the

killing of an agrarian reform beneficiary (ARB) of a splinter group which has camped out in their claimed area since Nov. 11. reform/PAGE 11

SEAL OF GOOD LOCAL GOVERNANCE. Misamis Oriental Gov. Yevgeny Vincente Emano (right) and Vice Gov. Jose Mari Pelaez join provincial capitol employees in celebrating the province’s Seal of Good Local Governance award during the flag-raising on Monday, Dec. 4. photo by gerry lee gorit

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