BusinessWeek Mindanao (October 3, 2014)

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BusinessWeek MINDANAO 2 cents

Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

Volume V, No. 51

Market Indicators

As of 6:13 pm oct. 1 2014 (wednesday)

FOREX

PHISIX

US$1 = P44.90

7,268.06 points

15.01 points

X

2.5 cents

X

Briefly Rubber project BANSALAN, Davao del Sur – The municipality of Bansalan was fortunate to have two farmer cooperatives as recipients of the Provincial “Big Ticket” Project for Rubber Plantation. Sitio Alo Farmers AgriCooperative (SAFACO) and Disa Farmers Multi-Purpose Cooperative (DIFAMUPCO), respectively of barangays Darapuay and Anonang, recently received a P5-million project. Sixty per cent of the source of funds came from World Bank (loan proceeds) in the amount of P3 million, while 20% or P1 million came from the Department of Agriculture and another P1 million from the Provincial Local Government Unit of Davao del Sur. Provincial Administrator Lorna Bautista-Bandigan officially handed over a check worth P1 million as its counterpart to farmer cooperative representatives.

Farmer’s Day BUTUAN City – The Philippine Rice Research Institute (PhilRice), Agusan Experiment Station is set to hold an Annual Farmer’s Field Day and Forum on October 16, 2014 at the station in Basilisa, R. T. Romualdez, Agusan del Norte. According to PhilRice Agusan branch manager Abner Montecalvo, the event is chiefly focused on the promotion of profitable and market-driven enterprises in the rice environment. “We have field set-ups that that feature locationspecific technologies and multi-media presentations that will surely enrich and delight our participants. We have invited 1,000 stakeholders composed of students, farmers, project implementers, and policymakers from the three regions under our area of coverage,” bared Montecalvo.

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Power body fast-tracks RE project applications

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By CARMELITO Q. FRANCISCO, Correspondent

AVAO City -- The Mindanao Power Monitoring Committee is working on trimming down the application process for renewable energy projects to two years from the current five years to achieve a balanced energy mix in the southern island. Renewable energy applications are taking that long to process with 169 signatures required from 13 different government agencies. “We have been doing the facilitation to shorten

the process during the last two years, but there are still steps that we have to look into,” Romeo M. Montenegro, public affairs head of the Mindanao Development Authority (MinDA) and head power/PAGE 7

MARSHLAND. A tour guide in Barangay Jaboy, Pilar town in Siargao Island, Surgao del Norte prepares boats for tourists in Paghungawan Marsh in this photo taken on September 27, 2014. This marshland has an area of at least 120 hectares and offers crocodile watching, preferably during at night time. mindanews photo by roel n . catoto

IECEP envisions CdO as ICT Hub By IRENE DAYO, Staff Writer

A M U LT I N AT I O N A L company in the information and communication technology (ICT) has offered its expertise for Mi nd anao, p ar t i c u l arly this city to become the hub of a fast, efficient and reliable technology with the end in view to spur e c on om i c d e ve l opm e nt in the region. Vi v a n c o , a m u l t i specialist manufacturer in the consumer electronics and connectivity solutions space based in Ahrensburg, Germany, said that it wants to bring its technolog y and develop experts in the

industry and be part of the economic uptrend here and the whole island. Vivanco in cooperation with the Institute of Electronics and Communication Engineers of the Philippines (IECEP)North Mindanao Chapter, which conducted a structured cabling seminar with engineers coming from all over Mindanao, stressed the need for the old connection systems in most parts of the island to be upgraded and converted by using the new technologies and be at par globally in the ICT. iecep/PAGE 7

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