BusinessWeek M I N DA N A O CREDIBLE
Volume XIII, No. 20
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Briefly Strict mining rules
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BoI okays P924-M coco plant in Misor www.businessweekmindanao.com
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HE Board of Investments (BoI) has approved an application to register for incentives C onsolidated Coconut Corp.’s desiccated coconut project in Misamis Oriental worth P924 million, which is expected to generate export income.
DAVAO City – Davao Oriental Governor Corazon Malanyaon has urged local government units (LGUs) Thursday to strictly enforce regulations in all mining activities in the province. In a statement, Malanyaon asser ted the provincial gover nment’s authority as an independent LGU over the mining operations in the province. In a meeting with the Mines and Geosciences Bureau (MGB) Wednesday, the governor examined the inventory of all existing mining tenements in the province and the status of mining operations and permits granted by the MGB.
Davao coffee DAVAO CITY – The World of Coffee (WOC) convention at the Milano Convention Center in Milan, Italy, has provided a venue for the Philippine coffee producers to shine internationally. Jeannelle Ellson, marketing specialist of the Philippine Coffee Advancement and Far m Enterprise (PhilCAFE) project, said Philippine coffee— e s p e c i a l l y t h e R o bu s t a variety—received positive feedback during the June 2325 gathering. “We promoted Robusta there, although we brought various coffee varieties to the convention. Italy is known as espressobased when it comes to coffee, but they admire the taste of our coffee and have set a good impression on it,” Ellson said in an interview Wednesday.
CONSPICUOUSLY MISSING KLAREX. Cagayan de Oro City health officials during the July 18, 2022 press conference on COVID-19, but without the newly elected Mayor Rolando “Klarex” Uy, who was busy entertaining candidates of the Miss Cagayan de Oro beauty pageant contestants in his office at that time. From left: Dr. Joselito Retuya, city epidemiologist; City Health Officer Rachel Dilla; Dr. Ina Grace Chiu and Dr. Teodoro Yu Jr. MindaNews photo by FROILAN GALLARDO
Siargao power distributor billed as best performing electric coop THE electric distributor in Siargao island in Surigao del Norte is billed as among the two best performing power cooperatives in the countr y by the National Electrification Administration (NEA). Emmanuel P. Juaneza, NEA administrator, said Siargao Electric Cooperative (SIARELCO) topped in the
off-grid categor y while Iloilo Electric Cooperative III (ILECO Ill) ruled among on-grid co-ops. Juaneza said outperformed others and received the top AAA rating for financial, regulatory, and operational soundness in the agency’s 2021 EC Overall Performance Assessment. The NEA reported that 72% of the 121 electric
cooperatives (EC) it oversees also got exemplary distinctions. Nine ECs were rated AA, five ECs A, seven ECs B, six ECs C and seven ECs D. It said that the assessment “aims to measure the ECs’ financial, institutional and technical p er for mance, thus determining credit BEST/PAGE 7
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DA-10 to adopt marketing plan to help tomato farmers in Bukidnon THE Department of Agriculture Regional Field Office in region 10 ( Nor t h e r n M i n d a n a o ) has promised to work out marketing agreement with the Lantapan Vegetable Farmers Multi-Purpose Cooperative to assist farmers with a possible market tieup with the cooperative’s existing memorandum of agreement (MOA) with Agri Global Ventures Inc. which offers a better price. The move came following an incident involving a farmer who dumped his tomato
Tribal village opens DAVAO City – The renovation of the Kadayawan Tribal Village in Magsaysay Park here has been fasttracked for its scheduled opening on August 5. One of the highlights of the 37th Kadayawan sa Dabaw Festival next month, the tribal village was built to showcase the rich culture and heritage of the city's 11 tribes. Councilor Al Ryan Alejandre, the Kadayawan Execom spokesperson, said the Kadayawan Tribal Village is “a way of educating the people about the way of living of the tribes living in the city of Davao.”
In a statement on Tuesday, the BoI said that the company’s project will be located in Plaridel, Misamis Oriental, and will begin commercial operations in September. The facility has an annual capacity of 93,750 metric tons (MT) of desiccated coconut. “The firm will engage in the production and export of high-quality food-grade desiccated coconut. Further, the target markets for the product to be exported are North and South America, Europe, China, Asia, Australia, and the Middle East,” the BoI said. “We are making headway in sustaining Philippine exports, particularly desiccated coconut, with the approval of the project by Consolidated Coconut Corp. We are truly seizing the opportunity, as the
produce in Lantapan town in utter show of disgust after the supposed buyer was willing to buy them at a very low price. The farmer’s action went viral on social media. In a statement on Wednesday, July 6, the DA10, through its Agribusiness and Marketing Assistance Division (AMAD), has validated a Facebook post by a certain Pening Sebuya Gonzales on Tuesday, July 5, showing hundreds of kilos of tomatoes that had been
FRESH CATCH. It’s a busy Wednesday morning (July 20, 2022) for fish vendors selling fresh catch by the seaside in Barangay Bagting in Dapitan City, Zamboanga del Norte. Photo contributed by JOSE TORRES
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