BusinessWeek Mindanao (September 10-11, 2021)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 39 AS OF 6:00 PM SEPT. 9, 2021 (THURSDAY)

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Top import COCONUT oil and crude coconut oil make up two of the top three US imports from the Philippines, according to the Philippine Coconut Authority (PCA). The PCA said in a statement that the two products have maintained their standing among US imports over the past three years, citing estimates by the International Trade Center. Eric C. Elnar, commissioner of the Philippine Trade and Investment Center (PTIC) in Los Angeles, said the Philippines accounts for 60% of US coconut oil imports and 73% of US crude coconut oil imports.

P30B budget for agri THE DEPARTMENT of Agriculture (DA) is hoping for an additional P30 billion “at least” for its 2022 budget, officials said at a hearing at the House of Representatives. “I would be happier if the budget is increased…. If the Congress can allow, we hope to have an increase of (at least) P30 billion,” Agriculture Secretary William D. Dar said before the House Committee on Appropriations Wednesday. Mr. Dar did not specify what the P30 billion will be used for, but added that he will submit a list of projects which the additional funds will support to the committee before plenary deliberations on the proposed 2022 budget.

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Marawi group hails okay of 'Compensation Bill' Thank you for trusting us!

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HE civic group Marawi Reconstruction Conflict Wa t c h ( M R C W ) o n Tuesday lauded the efforts of legislators in the House of Representatives for passing House Bill (HB) 9925 or the Marawi Compensation Act on its third and final reading. In a statement coursed through Maureen Anthea T. Lacuesta of International Alert Philippines, the MRCW said the group has been at the "forefront in pushing for a Marawi compensation bill in both the House and the Senate" since 2018, a year after the Marawi siege. "We participated in many public hearings as resource persons, have surfaced urgent issues, and lobbied for our people in different fora and platforms. We campaigned hard in the last State of the Nation Address to call on the President to certify the Marawi Compensation Bill as urgent," the statement read. The group acknowledged Rep. Amihilda J. Sangcopan of Anak MEAGER SALES. A meat dealer prepares pork inside Agdao Market in Davao City. Vendors have lamented the unstable supply of pork as the swine industry has yet to recover from the impact of African Swine Fever OKAY/PAGE 11 (ASF). mindanews photo

Sectoral groups forge deal for 'micro-farm project' in CDO

VACCINE ROLLOUT. Muslim residents gather at the Barangay 23-C gymnasium for the COVID-19 vaccination rollout for Muslim communities in different parts of Davao City on Wednesday. mindanews photo

A MULTI-sectoral agreement was forged on Tuesday to pave the way for the development of urban agriculture production by establishing urban community school micro-farms. The memorandum of understanding (MOU) was signed via Zoom and is aimed at training communities on the benefits of vegetable production and processing, agro-enterprise development, and financial literacy in the communities in barangays Pagatpat and Tablon. Signatories to the MOU were representatives of the University of

Science and Technology of Southern Philippines (USTP), Kids Who Farm (KWF), JCI Kagayhaan Gold (KG), and the barangay chairpersons of Pagatpat and Tablon. Angelie Collera, head of USTP's Center for Human Development, said the project stemmed from the "Gulayan sa Kabalayan" that she co-founded, an initiative that started last year at the onset of the coronavirus disease 2019 (Covid-19) pandemic. "It started out as (a) way to help PROJECT/PAGE 11

Govt to revive flywood industry in Mindanao Romero firm buys Digos TALKS are underway to revive the sluggish plywood industry in Mindanao. Mindanao Development Authority (MinDA) Chairman Emmanuel F. Piñol said they are working out the details of the government's partnership with the Development Bank

of the Philippines (DBP) that will put to life the dying industry. Piñol said in a social media post over the weekend that efforts to revive the industry will involve farmed, fastgrowing tree varieties. Piñol said that DBP

President Emmanuel G. Herbosa and Director Jeannie N. Sandoval expressed their support for the industrial tree farming program. He a d d e d t h a t t h e scheme involves organizing stakeholders and establishing FLYWOOD/PAGE 11

solar plant for P1.5B ROMETO-owned Fort Pilar Energy Inc. has acquired t he 4 0 - me g aw att s ol ar power facility that is sited in Digos, Davao del Sur in a merger and acquisition (M&A) transaction worth

P1.5 billion. According to the buyerfirm, the facility acquisition was from Alterpower Digos Solar Inc. (ADSI), which is a joint venture between SOLAR/PAGE 10

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