BusinessWeek M I N DA N A O CREDIBLE
Volume XIV, No. 156
Market Indicators
X
US$1 = P 55.94
.01
cents
RELIABLE
PHISIX
X
6,434.06
73.2
points
Briefly Swine industry DAVAO City – The swine industry in Davao Oriental is seen to improve after the Department of Agriculture (DA) 11 (Davao Region) turned over P5.5 million worth of brand-new bio-secure and climate-controlled finisher operation facility over the weekend. In a Facebook post Tuesday, Vice Governor Niño Sotero Uy said the aid was handed over to the Davao Oriental Market Multi-Purpose Cooperative (DOMMUPCO) to boost swine production, ensuring that pork products are readily available and affordable in the province. The facility, turned over on Saturday, forms part of the implementation of the Integrated National Swine Production Initiatives for Recovery and Expansion (INSPIRE) to assist in the repopulation and restocking of swine.
Rice production boost THE national government has committed P62.55 million worth of rice production and postharvest equipment to the provincial government of South Cotabato. In a statement, the Philippine Center for Postharvest Development and Mechanization (PHilMech) said the equipment was presented during the launch of its multi-million program on the consolidation of rice production and mechanization in Baranggay Liwanay, Banga, South Cotabato on Wednesday. President Ferdinand R. Marcos Jr. graced the turnover ceremony of the consolidated government assistance from various agencies, including PHilMech, worth P115.3 million.
IN-DEPTH
PBBM mum on P20/kg rice campaign pledge www.businessweekmindanao.com
AS OF 6:00 PM JUNE 15, 2023 (THU)
FOREX
YOUR MINDANAO-WIDE BUSINESS PAPER
K
Fri-Sat | June 16-17, 2023
By BONG S. SARMIENTO MindaNews
ORONADAL City – President Ferdinand Marcos Jr. led Wednesday the launching of South Cotabato’s rice production and modernization program, but kept silent on his campaign promise to bring down the price of the nation’s staple food to P20 per kilogram. Spending less than an hour in nearby Banga town with farmers and other stakeholders, Marcos, who is also the Agriculture Secretary, pushed the mechanization of rice farming in line with the administration’s efforts to achieve food security in
the country. He said the administration has been working to lower the price of rice and increase the volume of production, and mechanization is the key to achieving these goals. “Ginawa nating prayoridad PBBM/PAGE 7
Bukidnon lawmaker pushes A vendor shows off dried fish from Tawi-Tawi he is selling at for bamboo as cash crop ‘BULAD’. the “bularan” stalls along 5th Road, Calumpang, General Santos City. MindaNews photo by MANMAN DEJETO
T H E b amb o o i ndust r y in Nor thern Mindanao region is a rich untapped source of raw materials for the construction industry, Bukidnon 1st District Rep. Jose Manuel Alba has said. In
an interview Tuesday, Alba said he and other bamboo industry leaders in Mindanao are engaged in ongoing information dissemination to make bamboo a source CROP/PAGE 7
WB backs agri devt THE World Bank (WB) said it approved a $100-million loan to enhance the productivity of agriculture in Mindanao ancestral domains. “Around 120,000 farmers and fisherfolk in selected ancestral domains in Mindanao are set to benefit from the Mindanao Inclusive Agriculture Development Project (MIADP),” the World Bank said in a press release. The project aims to “increase agricultural productivity, resilience, and services while also protecting the natural resources of these ancestral domains,” which are claimed by indigenous peoples.
P15.00
HOPPING. An outrigger boat takes tourists on an island hopping tour of nearby rock formations in Britania, San Agustin, Surigao del Sur. MindaNews photo by ROMMEL REBOLLIDO DAVAO City — Former Sarangani Governor Miguel Rene Alcantara Dominguez has joined the 60-year-old Alsons Development and Investment Corporation (Alsons Dev) as its new director who will oversee the business strategy and operations of the premier property developer and real estate pioneer in Davao City. Alsons Dev is the real estate
Bangsa solons to form 8 towns out of 63 N. Cotabato villages KORONADAL City — The 63 villages from six towns in North Cotabato that opted to join the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) four years ago will form at least eight municipalities, officials said. T h e 6 3 v i l l age s are c o l l e c t i ve l y c a l l e d t h e Bangsamoro Special Geographic Area (SGA). Lawyer Mary Ann Arnado, Bangsamoro Parliament D eputy Sp e a ker, note d Tuesday that members of
the Bangsamoro Transition Authority’s (BTA) Local Government Committee are keen on passing the bills for the creation of the eight municipalities out of the Bangsamoro SGA. The eight municipalities are proposed to be created in the towns of Aleosan, Carmen, Kabacan, Midsayap, Pikit and Pigcawayan, all located in North Cotabato, a province near Maguindanao del Norte. In December 2022, the Government of the Day
filed eight bills seeking to establish the municipalities of Pahamudin, Kadayangan, Kabalukan, Nor thern Kabacan, Kapalawan, Malmar, Tugunan and Ligawasan. The Government of the Day refers to the majority party in the Bangsamoro Parliament, which is dominated by the Moro Islamic Liberation Front (MILF), the former rebel g roup t h at forge d t h e Comprehensive Agreement on the Bangsamoro BANGSA/PAGE 7
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776