BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 015
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Briefly Bottom-up budgeting THE Cagayan de Oro City Council headed by Vice Mayor Caesar Ian E. Acenas is slated to approve the proposed Memorandum of Agreement (MOA) between the city government and the Department of Trade and Industry (DTI-10) covering the implementation of the Food Packaging and Labeling Facilities of the Grassroots Participatory Budgeting (GPB), formerly known as Bottom-Up Budgeting (BuB). The City Council committees on finance and ways and means and on laws and rules chaired by Councilors President Elipe and Ramon Tabor, respectively favorably endorsed the proposed ordinance authorizing Mayor Oscar Moreno to enter into and sign the proposed MOA. With this, legislators are also set to appropriate the sum of P2,047,500 from the 2014 annual budget of the General Fund under Non-Office:General Public Services-Reserved for Special Projects/Programs/ Special Purpose Fund to be made available as the city’s counterpart fund for the poverty reduction project.
RE projects DAVAO City -- In a bid to push for cleaner and greener energy sources in Mindanao, key regional government agencies involved in the permitting process of renewable energy (RE) projects have expressed commitment to accelerate processing and updating of RE project applications in the regions. This commitment was obtained during a recent regional rounds made by the Mindanao Development Authority (MinDA) to provide operational updates on the implementation of the One Stop Facilitation and Monitoring Center (OSFMC), a web-based portal for tracking RE applications in Mindanao. Desktop computer sets with built-in software that will allow for effective monitoring of all pending RE project applications in Mindanao were turned over to the Department of Environmental and Natural Resources-Environment Management Bureau (DENREMB) Regions X and XII, and the National Commission on Indigenous Peoples (NCIP) Regions IX, X and XII in simple ceremonies from July 14 to 23 at their respective offices.
2014 ppi’S Best in ENVIRONMENTAL Reporting
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Normin’s economy up by 7.2-percent in 2014 www.businessweekmindanao.com
Thu-Fri | July 30-31, 2015
NEDA-10 confirms sector growth indicators consistent with growth
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Poultry seen as next big export after coconut
ORTHERN Mindanao’s gross regional domestic products (GRDP), buoyed up by its strong industry and services sectors, went up by 7.2% in 2014, a significant performance compared to the 5.3% growth the region posted in 2013.
By MARK D. FRANCISCO Staff Writer
P O U LT R Y h a s b e e n identified as an emerging food product of Northern Mindanao (Region 10), with the government aiming to help exporters increase their shipments. Department of Trade and Industry (DTI) Food and Agri Marine Division chief Rose Marie G. Castillo, speaking during a Philippine Export Competitiveness Program forum here last week, said the agency will be assisting producers in the region and neighboring areas get accreditation to export their poultry products. “We want to increase the export volume within the next two years,” Ms. Castillo said. Northern Mindanao, the biggest broiler producer in Mindanao and third nationwide, already exports processed chicken, cut-up chicken, and Peking duck to Japan, but majority of the production is sold locally, mainly to the Visayas. “We need to see if our local exporters can be at par with the products that come here. We are part of the global poultry/PAGE 10
By MIKE BAÑOS, Editor-at-Large
Region 10 GRDP-2012-2014
Region 10 was one of the Top 5 fastest growing regional economies in the Philippines in 2014, vaulting from rank 11 in 2013 to rank 5 in 2014. It performed
better that the national average which shrunk to 6.1% from 6.9% the country has achieved in the previous year. economy/PAGE 11
Rotating brownouts continue to pester Cagayan de Oro
By CRIS DIAZ, Contributing Editor
F OU R- h ou r rot at i n g brownouts continue to plague Cagayan de Oro City, the trading capital of Northern Mindanao, as local businessmen lament its ill effect on the local economy. The STEAG coal-fired RAPID GROWTH. Northern Mindanao’s economic dynamism is boosted by the opening of power plant in Villanueva, Laguindingan International Airport in Misamis Oriental, which speeds up the movement Misamis Oriental has started of goods and services, the main driver of the region’s growth. its annual maintenance work in mindanews photo by froilan gallardo one of its 220-megawatt power turbines that contributed to SYNERGEIA PROJECT: the rotating brownouts. The rotating brownouts here started early July after By BONG D. FABE, Contributing Editor English Proficiency Program power distributors in Misamis of the STEAG State Power, Oriental and Cagayan De VILLANUEVA, Misamis purview of schools or of the Inc. (SPI) in partnership with Oro City, together conducted Oriental — IT HAS BEEN Department of Education the Synergeia Foundation maintenance works on power and other stakeholders like lines. said time and again that (DepEd). education is not just the sole And the Reading and education/PAGE 9 When everyone thought that the power maintenance by the local power distributors was over, the shutting down of one of the STEAG coalfired power plant then came in exacerbating the power situation here. STEAG coal-fired power plant, the first coal plant in Misamis Oriental, has two power turbines, each has the capacity of 110 megawatts or a total of 220 megawatts. Get your BWM Loyalty Card NOW for only P350.00 valid for one year, and avail of discounts to more than 150 participating business establishments. brownouts/PAGE 11
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