BusinessWeek Mindanao (September 20-21, 2021)

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BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 43

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Projects for host communities DAV A O C i ty – T h e Aboitiz Foundation Inc., together with Hedcor, committed P7.8 million worth of projects in its host communities in Mindanao as they inked a memorandum of agreement (MOA) with its partners from this city, Davao del Sur, and Bukidnon, a statement said Friday. Among the listed projects are on education and health care which comprised almost 60 percent of this year’s lined-up projects. These include high school financial assistance and college scholarships, assistance to module reproduction, as well as improvement of health care facilities and procurement of medicines and equipment for local health care centers.

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Gov't cuts budgets for Mindanao SCUs in 2022 www.businessweekmindanao.com

AS OF 6:00 PM SEPT. 18, 2021 (SATURDAY)

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By H. MARCOS C. MORDENO, MindaNews

M

ALAYBALAY City– Except for one campus, the allocations for all state universities in Mindanao have been reduced based on the proposed 2022 national budget submitted by Malacanang to Congress.

ALONE AND CONTENTED. Fishing, this man says, gives him joy even if he goes home empty-handed. photo by h . marcos c . mordeno

The Mindanao State University (MSU) System suffered a 73-percent cut, from P6.292 billion this year to P3.63 billion next year. The amount covers the budgets for MSU’s campuses in Marawi City, General Santos City, Dinaig in Maguindanao, Naawan in Misamis Oriental, and Sulu. MSU-Iligan Institute of Technology (IIT), although part of the system, has a separate allocation which was slashed too, from P1.394 billion in 2021 to BUDGETS/PAGE 11

Hatcheries for crabs, grouper eyed to boost production DAVAO City – Zamboanga Sibugay will soon have hatcheries for the production of Oyster Spots, crablets of King Crabs, and Lapulapu fingerlings to boost the

province's high-value aquamarine production. This, after the South East Asia Fisheries Development Center (SEAFDEC) and the Mindanao Development

Authority (MinDA) forged an agreement on Tuesday (Sept.7), which would transfer modern fisheries and aquamarine technologies to the BOOST/PAGE 10

Low rice supply THE RICE inventory as of Aug. 1 fell 11.6% year on year to 1.58 million metric tons (MT), the Philippine Statistics Authority (PSA) said. According to its rice and corn stocks report, the PSA said the rice inventory as of Aug. 1 is also down 27.5% from the previous month. Rice held by households fell 11.9% year on year to 751,070 MT while commercial warehouse holdings fell 11.2% year on year to 648,400 MT.

MinDA, DBP seek revival of Mindanao plywood industry THE MINDANAO Development Authority (MinDA) and the Development Bank of the Philippines (DBP) will enter into a partnership to revive the plywood and veneer industry in Mindanao. MinDA C hair man Emmanuel F. Piñol said in a social media post over the weekend that efforts to revive the industry will involve

farmed, fast-growing tree varieties. Mr. 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 processing facilities. REVIVAL/PAGE 11

CAT POPULATION CONTROL. A cat checks possible escape routes from inside a metal cage. The rapidly increasing number of abandoned cats inside the Xavier University campus in Cagayan de Oro City has prompted the school administration to take precautionary measures by neutering them in order to prevent further propagation. mindanews photo by froilan gallardo

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