BusinessWeek MINDANAO Best in Business and Economic Reporting Philippine Press Institute Civic Journalism Community Press Awards 2013
Volume IV, No. 111
Market Indicators
As of 5:57 pm june 5, 2014 (Thursday)
FOREX
PHISIX
US$1 = P43.84
6,772.44 points
3 cents
X
5.87 points
X
Briefly Land productivity THE Department of Environment and Natural Resources (DENR) is pushing for increasing the productivity of degraded upland areas, but such should be done in an “ecologically sustainable manner” using various crops not just palm oil. “We need to develop and make our lands productive. But we will only allow this if this is in accordance with our needs and it is ecologically sustainable,” DENR Secretary Ramon J. P. Paje said. According to Paje, there are around 8 million hectares of denuded and degraded areas in the country, but said his agency’s proposal is to utilize these to establish ecologically-sustainable plantations using native forest species and other high value crops that would strategically address not only the food needs of the Filipino people but also should have high economic value, like rubber and palm oil.
Gensan port GANERAL Santos City -Customs personnel here have collected around P340.5 million in revenues in the first five months of the year following a surge in fishery and agricultural exports from the area during the period. Pendatun Alim, Bureau of Customs (BOC) port collector here, said such figure is about 33 percent or P62 million higher than their targeted income of P227 million from January to June or the first half of the year. He said such accomplishment is “far from what is expected” due to the volatile economy and other related factors. “(But) before June came in, we already surpassed our first semester target. We’re currently doubling our efforts to maintain this trend until the end of the year,” he said.
CMU promotes economic growth www.businessweekmindanao.com
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Friday | June 6, 2014
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USUAN, BUKIDNON – Central Mindanao University (CMU) president Ms. Ma. Luisa R. Soliven, has vowed to make things better for the indigenous people and the underprivileged sector by making a first for her university – an institute for Social Enterprise as a mentoring hub for Mindanao.
DR. MARIA LUISA R. SOLIVEN President Central Mindanao University KAPE MARAMAG. A non-governmental organization sells Arabica and Excelsa coffee beans during the Mindanao Social Business Summit at the Central Mindanao University in Musuan, Maramag town in Bukidnon on Thursday, 5 June 2014. mindanews photo by froilan gallardo
Misor town officials oppose Moresco-1 power purchase ALU BIJID, Mis amis Oriental -- The members of the municipal council here have opposed the provisional authority granted by the Energy Regulatory Commission (ERC) allowing a power cooperative to purchase power supply from a private supplier. The Energy Regulatory Commission (ERC) has i s s u e d a “p r o v i s i o n a l authority” to GNPower Ltd. Company, a private power
source provider to supply the peak power requirement of the Misamis Oriental Rural Electric System Cooperative I (Moresco I) in the province’s west district. In opposing the ERC’s provisional authority, the municipal council passed a resolution numbered 1022014, expressing vehement objection and dismay of the ERC’s action. Aside from allowing the Moresco 1 to purchase
power from an independent power supplier, the ERC also authorized Moresco 1 to implement its Power Supply Plan, the Acquisition of Modular Generator Set and additional collection for calamity fund. Moresco I, along with 20 other electric power cooperatives in Mindanao, had applied for the purchase of additional power supply from private power providers oppose/PAGE 11
In realizing her vision she engaged partnerships among stakeholders which included Gawad Kalinga. She said, there is a needfor a holistic support mechanism towards inclusive growth to reduce poverty. She is thankful that the Social Business Summit has tackled the issues on peace and development in Mindanao and their implications for social ntrepreneurships; During the Summit, various interest groups and stakeholders, social entrepreneurs and social
innovators including prospective investors contributed and shared ideas relative to the achievement of inclusive growth and d e v e l opm e nt of s o c i a l enterprise.. The Gawad Kalinga has been a model in pushing for inclusive development through social enterprise, especially among indigenous communities and underprivileged sectors in Mindanao. About 500 participants comp os e d of stud e nt s, cmu/PAGE 11
MOBILE BREEDER. Of course, it’s the owner, not the boar itself, that will take your calls in case you need a breeder for your sow in Malaybalay City. Akal is the Visayan for boar. mindanews photo by h . marcos c . mordeno
Confab on M’danao future economy set By CRIS DIAZ, Executive Editor
KEY transport and customs officials, economists as well as supply-chain executives will gather for the Mindanao Shipping Conference on June 18 at a downtown hotel
here, said a customs official on Tuesday. Lawyer Oswaldo Page, the acting district customs collector here, said that the conference would tackle
issues on the Mindanao shipping trade prospects, the role of Northern Mindanao in sustaining the country’s economic growth. He said that the stakeholders would also economy/PAGE 11
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