BusinessWeek Mindanao (May 27, 2015)

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BusinessWeek MINDANAO “We Grow Minds”

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 175

X

Market Indicators

As of 6:00 pm may 26, 2015 (tuesday)

FOREX

X

US$1 = P44.70

9 cents

PHISIX

X

7,728.5

148.64 points

Briefly Brigada Eskwela MISAMIS Oriental spent P3 million to refurbish 431 public schools under the “Brigada Eskwela” program here, Gov. Yevgeny Vincente Emano said Tuesday. Emano said the province has to procure paint valued at P1 million, P1 million for plywood, and P1 million of bags of cement for the repair and construction of dilapidated classrooms. According to Emano, the weeklong “Brigada Eskwela” in Misamis Oriental that started Monday last week was a success in cooperation with the public school and local government officials. He said apart from the local government units, the provincial government tapped the resourcefulness of the provincial disaster, risk, reduction management council (PDRRMC), the Division of Schools and the provincial engineers in the success of the “Brigada Eskwela” here.

Farm mechanization BUTUAN City -- In its quest to attain food security and sufficiency, the Department of Agriculture – Regional Field Office XIII (DA-RFO XIII) intensifies its promotion of the Farm Mechanization Program by reaching out to farmers level. This, after the DA-RFO XIII in coordination with the Philippine Center for PostHarvest Development and Mechanization (PhilMech) conducted a five-day information caravan on farm mechanization recently. The week-long caravan was conducted in rice producing areas in the city of Bayugan, municipalities of Esperanza, San Francisco, Rosario and Trento, all of Agusan del Sur, and Tago, San Miguel, Madrid and Cantilan, all of Surigao del Sur.

P15.00

Rural dev’t pushed to bring down poverty www.businessweekmindanao.com

Wednesday | May 27, 2015

By Cheng Ordonez Associate Editor

BBL to benefit BIMP-EAGA

S

ENATOR Grace Poe is batting for rural development as one of the best strategies to reduce poverty, raise incomes and create a more stable future among rural families. Poe, who was in Cagayan de Oro City Tuesday for her “Meet and Greet Senator Grace Poe” program, organized by the city government, told a mixed crowd, at Grand Caprice Restaurant that her proposed development strategy will also respond to the problems brought about by over-congestion in Metro Manila. Regional and rural development, according to Poe, is a win-win solution, but can only be achieved if both the national and local government work well together. poverty/PAGE 11

By Celeste Anna R. Formoso Philippine News Agency

PEACE MONUMENT. Maguindanao officials led by Gov. Esmael Mangudadatu and Korean peace advocates unveil the “Mindanao Peace Monument” in Buluan, Maguindanao on Monday. mindanews photo by ferdinandh b . cabrera

Banana exporters have no plan to return to Sasa port By CARMELITO Q. FRANCISCO, Correspondent

BANANA exporters have no plan to move back their cargo operations to Sasa Port here even when the

government-owned facility is modernized through a public-private partnership (PPP) contract, an industry

official said. Stephen A. Antig, executive director of the Pilipino Banana Growers and Exporters Association, Inc. exporters/PAGE 11

Poe bats for M’danao railway system, pushes for countryside development By MARK FRANCISCO, Staff Writer

POE: Countryside development is key to nation’s progress.

SEN. Grace Poe has expressed full support for the establishment of the Mindanao railway system in a bid to decongest the nation’s capital city of Manila and revitalize development efforts in the countryside.

Get your BWM Loyalty Card NOW at any of our participating establishments for ONLY P350.00, and avail DISCOUNTS.

Speaking before a group of barangay chairmen here Tuesday yesterday, Poe said it is high time to decongest Metro Manila and bat for development in the provinces. poe/PAGE 11

The approval of the B angsamoro B asic L aw (BBL) in the House panel will benefit the initiatives of the sub-regional economic cooperation Brunei Darussalam, Indonesia, Malaysia, Philippines-East Asean Growth Area (BIMPEAGA). This was according to BIMP-EAGA senior official Dr. Prudencio Reyes Jr., Undersecretary, Legal Affairs and Trade Facilitation for SMES of the Department of Trade and Industry (DTI), during the BIMP-EAGA PostSummit Senior Officials and Cluster Head Meeting in Puerto Princesa, Palawan on Monday. “The BBL would probably benefit a lot out of BIMP-EAGA,” Reyes said, adding that even before the passing of the bill, they have already included Cotabato, Zamboanga, and other areas for the sub-regional economic cooperation strategic plan. Zamboanga, for instance, is now identified as a freeport zone for Halal products. For Cotabato, Reyes said they are looking into agricultural expansion for plantation of corn and copra together with Davao. “Davao has a huge surplus of copra, and we would like to take advantage of that since Africa now has an Ebola epidemic,” he said. Maguindanao will also benefit, he said, out of the terrestrial cable to speed up Internet connection. “As you all know, our internet is very slow. So, this will arrive in Maguindanao.” He e l a b o r a t e d t h a t Maguindanao was specifically benefit/PAGE 11

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