BusinessWeek Mindanao (March 25, 2015)

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BusinessWeek MINDANAO Your daily business paper

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 129

Market Indicators

As of 6:12 pm Mar. 24, 2015 (tuesday)

FOREX

PHISIX

US$1 = P44.67

7,840.49 points

12 cents

X X Briefly 22.11 points

Free fertilizers COMPOSTELA Valley -- As part of its continued efforts for the recovery of the province’s agricultural industry, the provincial government of Compostela Valley, through the Department of Agriculture (DA), will be distributing free fertilizers to banana farmers in Typhoon Pablo hard-hit areas. This was confirmed by ComVal Provincial Agriculturist’s Office (PAGRO) Chief Dr. Rolando Simene on March 16 during the public hearing of the proposed Banana Industry Ordinance of the province which seeks to provide initiatives for the development of banana industry in the province. Simene said the provincial government purchased a total of 31,000 sacks of fertilizers which will be distributed to banana farmers in the municipality of Laak, Mawab, Nabunturan, Maragusan, Compostela, New Bataan, Monkayo, and Montevista.

Core shelters DAVAO Oriental – Some 1,255 certificates of occupancy were awarded to typhoon Pablo survivors in the three hard-hit towns of Boston, Cateel and Baganga during the recent round of turnover ceremonies held last March 17, 2015. Priscilla N. Razon, Regional Director of the Department of Social Welfare and Development (DSWD) XI, said that although building shelters in such a massive scale is no easy job, the strong support of the Provincial Government made its implementation a lot easier. Director Razon lauded the initiative of Governor Corazon N. Malanyaon who took the lead in the quick construction of these core shelters, noting Davao Oriental as one of the ‘fastest’ local government unit among all areas affected by disasters in terms of implementation of this housing project.

www.businessweekmindanao.com

Wednesday | March 25, 2015

P15.00

M’danao’s peace, devt efforts get a big boost M

INDANAO’s peace and development efforts are getting a big boost with the fresh financial assistance from the Japanese government mostly intended to jumpstart the hastening of basic services in the autonomous Muslim region.

Scientist urges public to consider BT, GM crops

I N e f for t s to i n c re a s e agricultural production yield while confronting the challenges of increase in demand as well as decrease in arable areas, the scientific community is urging for a paradigm shift in people’s view about BT/GM crops. During the multi-sectoral for um on Ag r i c u ltur a l Biotechnology held in the city on Mach 18, International Service for the Acquisition of Agri-biotech Application (ISAAA) senior program officer Dr. Rhodora Aldemita called on the people to study and clarify claims on the effects of biotechnology. She said global biotech crop hectarage continued to crops/PAGE 11

GRANDMAS, GRANDSONS. Sisters Saria Namawog and Cartiquia Cartin with Saria’s grandsons, Mohaleddin, 12 and Mohammedin 10. The grandmas can no longer count the number of times they have had to evacuate due to armed conflict. They say they are too old to evacuate. mindanews photo by carolyn o . arguillas

The initiative, w hich is par t of Grant Assistance for Grassroots Human Security Projects (GGP) under the JapanB angs amoro Init i at ives for Reconstruction and Development ( J-BIRD), comes in the form of a grant amounting to $645,879 or approximately P27 million). It covers the following projects: peace/PAGE 11

CDO bishop welcomes Iqbal, calls him ‘a man of peace’ By BONG D. FABE, Editor-at-Large

The bishop of Cagayan de Oro yesterday (March 24) welcomed with open arms “a man of peace” to the City of Golden Friendship.

“Mr. Mohagher Iqbal is coming to our city Cagayan de Oro as a man of peace. As such we are opening our arms to a brother who

has stayed the course for peace in Mindanao despite the trials and challenges he continues to face in our common quest for peace,” Archbishop Antonio J. welcomes/PAGE 11

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