BusinessWeek Mindanao (March 3, 2017)

Page 1

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 119

YOUR Mindanao-wide BUSINESS paper

RELIABLE

www.businessweekmindanao.com

IN-DEPTH

P15.00

Friday | March 3, 2017

N. Cotabato, Cag de Oro soon X X declared as mining-free zones Briefly P

Market Indicators

As of 6:11 pm February 23, 2017 (thursday)

FOREX

PHISIX

US$1 = P50.240

7,031.01

6.5

cents

14.56 points

ROPOSALS to declare North Cotabato and Cagayan de Oro City as mining-free zones were recently approved by the House Committee on Natural Resources.

Gifts, decors product dev’t

Gifts, decors and houseware (GDH) companies will undertake product innovations and other developments to gain a great competitive advantage for their sector. A final draft of the GDH roadmap 2014-2030 noted that while many manufacturers recognize the importance of introducing new products and designs, a number of them do not consider frequent product development activities a must for the business. Interviews and survey results indicated that some GDH enterprises have been doing the same product and same design since the company was established decades ago. “This is one of the pitfalls of the industry causing lack of competitiveness,” it said. Industry players thus underscored the importance of intensifying material manipulation activities. “Foreign buyers could not emphasize more the importance of product development, especially development and/or utilization of new materials,” the roadmap added. To this end, the Design Center of the Philippines (DCP) has projects but should be strengthened through partnering with academic institutions and expanding scope to integrate sciences with arts. “Enhancement of Research and Development through increased linkage with the academe should be pursued. Majority of enterprises in the sector do not have the capability to introduce product innovations and other developments. Also, getting the most out of existing institutions may prove frugal but effective,” it said. Further, the roadmap said tying up with science and engineering colleges could help introduce modern materials and other novel product features. It said foreign consultants can be also tapped to develop designs that would sell in the foreign market. “Designs of foreign consultants had been proven to reap benefits for the industry. This strategy has been adopted for the furniture industry and is expected to bring the same fruits for the gifts and housewares industry,” the roadmap added. The GDH sectors aim to achieve at least five to 10 percent annual growth in exports until 2030.

EXCESSIVE QUARRYING along the Iponan River in Cagayan de Oro was confirmed via Helicopter Photo shoot by DENR Undersecretary MARIA PAZ LUNA; CONTAINMENT PONDS SHOW GOLD MINING. By: Dr. Bob Ocio.

This was bared yesterday by Rep. Carlos Isagani T. Zarate (Party-list, Bayan Muna) who chairs the said committee. The approved proposals also included a declaration that areas in the country which have been declared by local government units (LGUs) as no-mining zones. are closed to mining applications. Meaning, no application for mining operation will be entertained by the DENR on those areas. Zarate authored House Bill 1618, which seeks to declare as closed to mining application those areas declared by local government units (LGUs) as no-mining zones, amending Republic Act 7942, also known as the Philippine Mining Act of 1995. Zarate said being an extractive industry, mining mining/PAGE 11

Social Pension Additional 6,000 Jobs in Shipbuilding Forthcoming serves 93,448 Department of Trade and (DTI) Secretary indigent SCs Industry R amon Lopez (center) and Tsuneshi Shipbuilding in Caraga C or p oration President BUTUAN CITY - A total of 93,448 indigent senior cit izens b enef itte d t he Social Pension program of the Department of Social Welfare and Development (DSWD)-Caraga in its 2016 implementation covering the 73 local government units (LGUs) in the region. This number includes replacement beneficiaries from 1st to 4th quarter. With this, the Department disbursed a total amount of P496,590,000 for the said pension/PAGE 11

Kenji Kawano (2nd from L) recently met to discuss the expansion plans of the Shipbuilding Industry in the country. On the occasion of his official working visit to Japan last October 26, 2017, two projects were signed and witnessed by President Rodrigo Duterte. These projects involved the 120-hectare Ship Reuse Center in Negros Occidental and the Biomass Fuel Project in Mindanao with initial investments/ job generation

prospects of PhP 5.2 billion and 6,000 direct and indirect workers and PhP 5 billion

and 20,000 direct and indirect jobs respectively. The investments for the

first project will be used for the purchase and setting up jobs/PAGE 11

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