BusinessWeek Mindanao (May 7, 2015)

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BusinessWeek MINDANAO “We Grow Minds”

2013 ppi’S Best in Business and Economic Reporting

Volume V, No. 160

Market Indicators

As of 5:30 pm may 6, 2015 (wednesday)

FOREX US$1 = P44.54

4 cents

PHISIX

X

7,854.93

X Briefly 64.28 points

USAD Program PROSPERIDAD, Agusan del Sur -- At least 70 upland farmers in Loreto town in this province received a week ago seedlings of cacao, rubber and banana from the provincial government under the Upland Sustainable Agri-Forestry Development (USAD) Program. In a ceremonial turn-over rite, Gov. Adolph Edward G. Plaza and Loreto Mayor Dario E. Otaza handed-down cacao seedlings to 30 farmer-enrollees from Brgy. Johnson to be planted in 20 hectares (833 seedlings per hectares) under the province’s USAD project. Another 20 USAD farmerbeneficiaries from Brgy. San Mariano and 20 from Brgy. Bugdangan were also given rubber seedlings to be planted in 40 hectares, respectively. Farmers in Brgy. San Vicente were also given banana seedlings and floating peelers while two units of floating peelers and a farm tractor were turned-over to farmers in Brgy. Poblacion

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Rotary International 31st District Conference:

Rotarians to set plans for tougher challenges By CHENG ORDONEZ, Associate Editor

I

NTENDED to gather all 44 Rotar y C lubs from Bukidnon, Misamis Oriental, Iligan City, Marawi City, North C otab ato, C otab ato C ity, Sultan Kudarat, Maguindanao, Gingoog City, Camiguin, and Cagayan de Oro City, the 31st District Conference for Rotary International District 3870 will be on May 7-9 at the Pryce Plaza Hotel, Cagayan de Oro City.

Dubbed ‘Hudyaka’, the conference is aimed to provide Rotarians with opportunities for networking and discussing Rotary-related matters. It is also meant to be a venue for Rotarians to listen to discussions and be informed of the club’s projects, service programs, and public relations achievements rotarians/PAGE 11

ROTARY INTERNATIONAL. PDG Francisco “Jun” B. Aniag Jr. (3rd from left), Rotary International president’s representative, answers questions during a press conference yesterday at Pryce Plaza Hotel in Cagayan de Oro City. Rotary International, comprising of 46 clubs, holds its 31st District Conference (Discon) starting today (May 7) up to May 9. Joining him during the press conference are John Mark Sarraga (left), Discon chairman, Manuel U. Along, District 3870 Governor (2nd from left), Jose Luis B. Sarraga, president of the Rotary Club of Cagayan de Oro (Mother Club).

COA findings DAVAO City -- The Department of Agrarian Reform (DAR) clarified that while it is true that there have been delays in the implementation of the three foreign-assisted projects as pointed out in the COA 2013 Audit Report, it had already taken steps to address these. Corrective measures initiated in 2012 achieved results in 2014 thereby accelerating project implementation and completion: The JICA-assisted Agrarian Reform Infrastructure Support Project Phase III (ARISP-III) has achieved a physical accomplishment of 95% while the ADB-funded Agrarian Reform Communities Project 2 (ARCP 2) has a physical accomplishment of 76% as of end of CY 2014. The JICA-assisted ARISP-III involves the provision of rural infrastructure in order to help raise income of agrarian reform beneficiaries. The DAR implements its project activities with the assistance of the DPWH for roads and bridges and NIA for communal irrigation projects. The Project is expected to be completed in August 2015.

P15.00

Thursday | May 7, 2015

photo by gerry lee gorit

House to vote for approval Weak El Niño of Bangsamoro Basic Law impedes BCWD By CRIS DIAZ of Mindanao Daily News

HAND IN HAND. Farmers in Barangay Candiis, Magsaysay town in Misamis Oriental help each other out prepare coconuts for processing on Monday. mindanews photo by erwin mascarinas

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THE House of Representatives will vote for the approval of the proposed Bangsamoro Basic Law (BBL) next week, a lawmaker here said Wednesday. Rep. Rufus Rodriguez, of Cagayan De Oro City, said that the committee assigned to conduct public hearings about the BBL has already completed its job. Rodriguez, chair of the

BBL committee in the House of Representatives, said that the BBL committee has initiated 48 public hearings in various areas in Mindanao. “ The public hearings on B B L w e re d on e i n pu b l i c s c h o o l s , pu b l i c covered courts in various municipalities, cities, and provinces in Mindanao,” he said. approval/PAGE 11

water source

BUTUAN City -- Forecast from the Philippine Atmospheric Geophysical and Astronomical Services Administration (PAGASA) showed that the Philippines is currently experiencing the effects of a weak El Niño. PAGASA released El Niño Advisory No. 2 last April 7, 2015 stating that the weak El Niño will likely continue until mid-2015 with the chances of strengthening toward the end of the year. Based from the hourly monitoring of the Taguibo River, the accumulated rain have not increased the water yield of the river. It has been observed that the stream has decreased within a month despite of incidences of rain. On April 29, 2015, the water yield of the Taguibo River was measured using El niño/PAGE 11

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