BusinessWeek Mindanao (March 17, 2015)

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BusinessWeek MINDANAO

/MenchuAntigua-Macapagal

Your daily business paper

WEEKDAYS 1PM

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 123

Market Indicators

As of 6:12 pm Mar. 16, 2015 (monday)

FOREX

PHISIX

US$1 = P44.41

7,730.95 points

11 cents

X

78.59

X

points

Briefly Growth strategies DAVAO City -- Top official of the National Economic and Development Authority 11 has cited the inclusive growth strategies geared towards reducing poverty in Davao Region. Speaking to reporters during the roadshow of the Updated Regional Development Plan 2014-2016 conducted in the Provincial Capitol in Nabunturan, Compostela Valley, she said these programs include the conditional cash transfer, universal coverage of the Philippine Health Insurance Corporation, K + 12 basic education program, scholarship programs for the priority sectors aimed at improving the competencies of students consequently making them better employed and of world-class standard. She explained that the CCT is an investment in human capital of the future generations while the universal coverage of the Philippine Health Insurance Corporation aimed at addressing the basic health needs of the citizenry, especially the indigent members of the society.

Stable power EVEN the Malampaya gas facility’s shutdown scheduled from March 15 until April 13, Department of Energy (DOE) Secretary Carlos Jericho Petilla has assured that Luzon’s power supply is stable as long as no plants go on forced outage. “For as long as power plants do not go on unplanned or forced outage, we should be okay,” Petilla said in a statement. He further stressed the public would only experience days of brownouts when the plants are down and not a full month.

www.businessweekmindanao.com

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Tuesday | March 17, 2015

Climate change disaster prevention forum held S

EOUL National University of Science and Technology (SEOULTECH) and the University of the Philippines-Diliman (UP-Diliman) is launching today, March 17, a kick-off meeting for Urban Renewal Planning for Natural Disaster Prevention Responding to Climate Change project.

RIDE IN THE SKY. Visitors enjoy skycycling on the ziplines of Eden Nature Park and Resort in Davao City. mindanews photo by gigi bueno

M’danao new cacao lands seen at 200,000 ha By CARMELITO Q. FRANCISCO, Correspondent

DAVAO Cit y -- Ab out 200,000 additional hectares are expected to be planted to cacao by 2016 with corresponding technical skills education for farmers to ensure high yields under the Participator y Cacao Intercropping Project (PCIP) of the Mindanao Development Authority (MinDA). The mechanism to achieve the goal, said MinDA Executive Director Janet M. Lopoz, is to provide the farmers with both inputs and technical know-how on growing a high-quality crop. The PCIP report said 285

hectares of cacao nurseries are needed to provide seedlings that will cover the targeted 200,000 hectares. Ms. Lopoz told BusinessWeek Mindanao the end-goal is to “help the farmers increase their income.” B as ed on Bureau of Agricultural Statistics data, the total area in Mindanao planted to cacao was 7,413 hectares as of 2013, where the harvest accounted for 90% of the country’s total production at 4,366 metric tons (MT). The Davao Region contributed 79% to the

national production led by Davao del Sur with 1,718 MT. Mindanao’s production rate was also higher by 12% at 590 kilograms a hectare compared with the national average. Ho w e v e r, t h e 2 0 1 3 average yield in Mindanao only reflected a 1% growth from 2009 when there was a higher cacao farm area of 7,830 hectares. A MinDA report, citing studies, said field tests show cacao output could go as high as 1.5 to two MT a hectare “with a combination cacao/PAGE 11

This project is an academic partnership pro g r am supp or te d by the Korea International Cooperation Agency(KOICA) in partnership with SE OU LT E C H an d U. P. Diliman. “The project aims to strengthen the Philippine’s capacity for research in Disaster Risk Mitigation and Management, as a foundation for the establishment of Safe

Cities in the country,” said Dr. Park Byonggyu, project manager. “Its objectives include cooperating to guide a comprehensive regional development plan; analyzing major disasters brought by climate change; developing a disaster risk reduction and management plan; push urban renewal initiatives which can be integrated into Northern Forum/PAGE 11

Primavera, BWM promote local news to condo renters PRIMAVERA Residences recently established a partnership with Mindanao’s largest chain of newspaper--the Business Week Mindanao Group-providing its clients with a daily supply of relevant business news and current events in the region. “As an added benefit to Primavera condo unit renters, they will now be delivered news about the city’s progress and developments right at their doorstep. Through BWM newspapers, we give our clients access to the current trends and investment news in CdO.” Franz Enriquez, Leasing Manager, said.

The Business Week Mindanao (BWM) group has been in the frontline in providing Mindanao with business and economy r e p o r t s . It s f l a g s h i p newspaper, BusinessWeek Mindanao has won several awards including Philippine Press Institute’s (PPI) Best in Business and Economic Reporting in 2013 for its intensive reporting on banking and finance, local economy, corporate world and for its comprehensive view of the business and economic issues and trends in the region. “ B u s i n e s s We e k Mindanao is one with us in primavera/PAGE 11

For mindanao-wide regional current news and events, read:

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


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