BusinessWeek MINDANAO “We Grow Minds”
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 156
Market Indicators
As of 6:30 pm apr. 30, 2015 (thursday)
FOREX
PHISIX
US$1 = P44.52
7,825.47 points
20 cents
X
61.1
X
points
Briefly Credit program BUTUAN City -- The Department of Agrarian Reform in Agusan del Norte through the Agrarian Production Credit Program (DARAPCP) in partnership with the Department of Agriculture (DA) and Land Bank of the Philippines (LBP) provided with a total of P3.1 million for rice production covering an area of 99 hectares to 61 Agrarian Reform Beneficiaries (ARBs) in Agusan del Norte in 2014. This was disclosed by OIC-Chief of Program Beneficiaries Development Division (PBDD) Raul Hermoso during the discussion of the 2014 accomplishment. The said recipients composed of two groups are New Generation Organic Farmers Producers Cooperative (NGOFPC) and Taguibo IPM Irrigators Association, Inc. in Los Angeles, Taguibo, Sumilihon and Sto. Nino Agrarian Reform Community (LATASS ARC). Rita Gerbolingo, farmerbeneficiary who tilled the 2.75 hectares of land said, “mapasalamaton gayod ako kay barato ang interest diin moresulta kini sa dako nga kita sa pagpanguma (I am thankful because aside from low interest, my income in farming has expanded).”
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Surigao rural bank put under PDIC receivership S
BUTUAN City -- The Department of Agrarian Reform in Agusan del Norte through the Agrarian Production Credit Program (DARAPCP) in partnership with the Department of Agriculture (DA) and Land Bank of the Philippines (LBP) provided with a total of P3.1 million for rice production covering an area of 99 hectares to 61 Agrarian Reform Beneficiaries (ARBs) in Agusan del Norte in 2014. This was disclosed by OIC-Chief of Program Beneficiaries Development Division (PBDD) Raul Hermoso during the discussion of the 2014 accomplishment. The said recipients composed of two groups are New Generation Organic Farmers Producers Cooperative (NGOFPC) and Taguibo IPM Irrigators Association, Inc. in Los Angeles, Taguibo, Sumilihon and Sto. Nino Agrarian Reform Community (LATASS ARC). Rita Gerbolingo, farmerbeneficiary who tilled the 2.75 hectares of land said, “mapasalamaton gayod ako kay barato ang interest diin moresulta kini sa dako nga kita sa pagpanguma (I am thankful because aside from low interest, my income in farming has expanded).” “Thanks to credit assistance of DAR, some of the farmers’ needs are now met,” Gerbolingo added.
By ROEL CATOTO, MindaNews
U R IG AO C ity - - T h e Monetary Board placed the Surigaonon Rur al Banking Corporation under the receivership of the Philippine Deposit Insurance Corporation (PDIC) by virtue of an MB resolution dated April 23.
UNDER RECEIVERSHIP. This bank, photographed Wednesday is now under receivership of the Philippine Deposit Insurance Corporation (PDIC) starting April 24. The PDIC has assured depositors they will get their money back, at least for those with deposits up to P500,000. mindanews photo by roel n . catoto
Mine-silted town in Surigao Norte to establish marine sanctuaries By ROEL CATOTO, MindaNews
Rice production
P15.00
Friday | May 1, 2015
CLAVER, Surigao del Norte – The town of Claver plans to set up four marine sanctuaries despite the siltation problem it faces due to large-scale mining activities. Glen Plaza, local project coordinator of the Integrated Coastal Resources Management under the office of Municipal Environment and Natural Res ources Office said these four marine protected areas are supported by municipal ordinance which will be approved before the local legislative here on Monday. He said these four marine resources are Kabujoan Reef in Barangay Lapinigan, Karaang Banwa Reef in Barangay
Urbiztondo, Lambuhan Reef in Barangay Hayanggabon Reef and Lambason Reef in Barangay Cagdianao. All these marine sanctuaries have a total of 163 hectares including buffer zones. Plaza told MindaNews on Monday that all of these marine protected areas have been damaged by both illegal fishing activities and mine silt. C ouncilor Jan Karol R. Broniola, chair of the Committee on Environment and Environmental Protection said this ordinance which is on third and final reading aims to achieved food and economic security as the
overriding consideration in the utilization, management, development and promotion through ecotourism, conservation and protection of the coastal, marine and fishery resources. Several fisherfolk here have been displaced because of the mining activities that destroyed part of their fishing ground. In the late 1990’s and early 2000’s, Claver was among the major sources of marine products but fisherfolk say large-scale mining operations have destroyed its marine life. The establishment of marine protected areas was welcomed by fisherfolk but they worry over how largesanctuaries/PAGE 11 PACQUIAOMAYWEATHER FIGHT. With just few more days left before the megafight, art sign maker Chris Aclo, a former boxer himself, makes final touches on his painting showcasing Manny Pacquiao and Floyd Mayweather Jr. at his shop at Kaimo and Gemina Streets in Surigao City. photo by roel n . catoto
As receiver, PDIC took over the bank the following day. Surigaonon Rural Banking Corporation is a 10-unit rural bank with head offices located at the junction of Rizal and Gemina Streets in this city. It has another branch in the city, and in the cities of Tacloban, Cagayan de Oro, Davao and Butuan. Furthermore, it has four branches in Surigao del Norte –in the towns of Dapa, General Luna, Placer and Tubod. The bank is owned and founded by Alfredo T. Bonpin. Nathaniel A. Tumbokon, information officer of PDIC, told MindaNews this afternoon that as of December 31, 2014, bank/PAGE 11
YOUNG PROTESTERS. Children take part in a rally Wednesday (29 April 2015) staged by militant groups led by the Kilusang Mayor Uno-Surigao Chapter in front of the Surigao City Public Market. They are calling for increase in wages as part of their preparation for the Caraga-wide rally on Labor Day on Friday. mindanews photo by roel n . catoto
Moderate labor groups to muster 5,000 workers for Labor Day protest By JOEY SEM G. DALUMPINES, Contributor
DAVAO City -- A total of 5,000 workers under the b an ne r of Nag k ais a , a coalition of moderate labor
groups will gather at the People’s Park at Roxas Avenue to dramatize their plea in labor/PAGE 11
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