BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 089
Market Indicators
As of 6:11 pm january 21, 2016 (thursday)
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Briefly Climate change fund BUTUAN City -- Department of Environment and Natural Resources (DENR) regional director for Caraga Region Nonito M. Tamayo said that a total of P12.4 billion has been earmarked by the DENR for 19 specific climate change programs to strengthen the country’s resiliency against natural calamities. This amount is 57 percent of the DENR’s total budget of P21.8 billion in 2016 after the Congress realigned some budget for other priority programs of the DENR. Director Tamayo said the National Greening Program (NGP) got a big slice in the budget pie with a total of P8 billion. Last year’s budget for NGP was P7.2 billion.
2014 ppi’S Best in ENVIRONMENTAL Reporting
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Friday | January 22, 2016
By MINDANEWS
AVAO City -- A P1.3 billion oil palm plantation project of a SingaporeMindanao partnership, Gintong Agri-Corporation, was approved by the Regional Board of Investments in the Autonomous Region in Muslim Mindanao (RBOI-ARMM) last Friday. This is the first investment in ARMM registered this year, the RBOI-ARMM said in a press release. Last year, it recorded a total of P6.5 billion investments, exceeding 900% of its 2015 agency target of
P700 million. RBOI-ARMM said Gintong Agri Corporation will develop a 5,000 hectare oil palm plantation in Datu Odin Sinsuat, Maguindanao project/PAGE 7
MARKET DAY. Traders display dried fish at a sidewalk outside Datu Odin Sinsuat Public Market. Monday is “tabo” or the traditional market day of Datu Odin Sinsuat town in Maguindanao province. mindanews photo by toto lozano
Cooperative cited as formula for growth
Cleannote policy DAVAO City -- Official of the Bangko Sentral ng Pilipinas (BSP) urged the public to adhere to Clean Note Policy to preserve the integrity of the Philippine currency. Dorothy Joy Diaz of BSP Davao reiterated during the recent Biz Talk at Big 8 that crumping, writing on, defacing, tearing, and destroying in any manner Peso bill is punishable by law based on Presidential Decree 247. According to PD 247, any person who does any of the activities, shall upon conviction be punished by a fine of not more than P20,000 and/or by imprisonment of not more than five years.
P15.00
Joint partnership sets up P1.3-B palm project www.businessweekmindanao.com
By MARK FRANCISCO, Staff Writer
NEW BRIDGE. A farmer and his family cross the new wooden bridge in Barangay Tukanalipao, Mamasapano, Maguindanao. The place was the site of an encounter on Jan. 25, 2015 that left 44 police commandos, 17 MILF rebels and five civilians dead. mindanews photo by ferdinandh cabrera
Energy security needed to sustain high growth—NEDA T H E Ph i l ippi ne s mu st c ont i nu ously i nve st i n improving the country’s energy capacity to attain energy security that will allow the country to sustain its
rapid growth and make it more inclusive, according to the National Economic and Development Authority (NEDA). security/PAGE 6
THE cooperatives are perfect formula for community growth and progress, provincial Governor Yevgeny Vincente Emano said Wednesday.
Emano made the statement as he urged the strengthening of 360 co op eratives in Misamis Oriental as a reliable mechanism to spur human progress and community
development. “Where we have an active cooperative, also denotes an openness to positive changes within the community and its people,” Emanos said. In areas where the basic Formula/PAGE 7
RDC to revisit Sasa Port endorsement By CARMELITO Q. FRANCISCO, Correspondent
DAVAO City -- The Regional Development Council (RDC) of Davao plans to meet within the first quarter this year to discuss its position on the planned P18.99-billion Sasa Port modernization project under the public-private
partnership (PPP) scheme. In December 2014, the RDC issued a resolution endorsing the project, but with certain conditions, including clarifications on the terms for the relocation of those who will be displaced
by the seaport’s expansion and land acquisition. Davao del Norte Governor Rodolfo P. del Rosario, chairman of the RDC, said the council needs to assess the issues weighing down the proposal, particularly on the “scope of the project and its rdc/PAGE 6
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