NORDECO hands out assistance to Davao de Oro fire victims

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Under the Corporate Social Responsibility (CSR) Program, NORDECO, Inc. together with the One EC Network Foundation (OECNF), NCECCO, and UDEWA, the Employees Association of NORDECO provided food packs, clothing, and cash assistance to the families affected by the fire in different areas of Davao de Oro.

, Inc. extended goods and financial assistance to Diaz Family from Purok 4, Inambatan,Monkayo; Cordon and Intes Family from Purok 3, Crossing Gabi, Compostela; Monteron and Araño Family from Purok 14, Poblacion, Nabunturan.

“Salamat kaayo sa mga nagpaabot sa ilahang tabang sa amoang pamilya, financially, goods ug kinasingkasing nga mga pag ampo. God is watching your good deeds”, Romeliza Cordon, one of the recipients expressed her heartfelt gratitude for the EC’s helping hand.

NORDECO’s CSR Program through Kalinga ng NORDECO aims to extend assistance to those affected families of calamities especially in this time of pandemic.

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BARMM lures investors to 5,000-hectare banana farm area

COTABATO CITY – Model banana farms are soon to sprout in about 5,000 hectares in a special geographic area (SGA) of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) in North Cotabato province.

VENTURE. RBOI-BARMM Chairman Ishak Mastura (left) and BTA Parliament Member Suharto Ambolodto (2nd from left) show the MOA they inked with local investors over the weekend for the establishment of a 5,000-hectare banana plantation in Kabacan, North Cotabato. The plantation will be set up in adjoining villages under the BARMM in Kabacan town. (Photo courtesy of BOI-BARMM)

Bangsamoro Transition Authority (BTA) – BARMM Member of Parliament Suharto Ambolodto said Tuesday the project aimed to alleviate the lives of farmers and to encourage more local businessmen to pour in capital.

“This activity is mainly to look upon the opportunities of local entrepreneurs to invest here since they would be investing for the future of our Bangsamoro people,” he said.

The SGA comprises the 63 villages in six towns of North Cotabato that opted to join the BARMM during the two-part plebiscite held in January and February 2019.

Ambolodto said the signing of a memorandum of agreement with local investors further bolstered the endeavor with the initial set up of a banana plantation in a combined 5,000 hectares of farmlands in villages under the SGA in Kabacan.

Regional Board of Investments (RBOI) – BARMM Chairman Ishak Mastura said his office would facilitate the farmers’ link to the investors in terms of profit sharing and other concerns.

“We also need to link the farmers to local investors, not only in the government programs or services but also to private sectors that would give them direct assistance to start-up investments immediately in our region,” he said.

In a separate statement, RBOI Board of Governor Mohammad Pasigan said their office has been reaching out to farmers and local investors to expose them to investment opportunities in the region.

“The RBOI has even helped them connect to the tie-up ‘Harvest Program’ of Japan International Cooperation Agency and Land Bank of the Philippines that could fund both farmers and local investors on livelihood assistance through very reasonable forms of loan,” he said.

Local investors who signed the MOA were Engr. Kaiser Usman of Usman Banana Plantation in Matanog, Maguindanao and Datu Jabib Guiabar of Kabacan.

To drumbeat the initiative, both businessmen encouraged other local investors to do business in the region and help uplift BARMM’s economy.

“We are expecting to plant Cardava banana in the SGA to a farmland area of some 5,000 hectares,” Guiabar said. (PNA)

STO. TOMAS new economic enterprise building to boost delivery of public services

The Sto. Tomas municipality in Davao del Norte has boosted its capability to deliver public services to Tomasinos by way of providing convenient office spaces in the newly-constructed Municipal Economic Enterprise Development and Management Office (MEEDMO). 

Mayor Ernesto Evangelista led the blessing of the MEEDMO inside the municipal compound on Monday, June 7, 2021. Present during the blessing were MEEDMO Manager Gary Recto, Rev. Fr. Bong Bonghanoy, and some MEEDMO personnel.

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Charter economic reforms to boost private sector role in recovery

 May 14, 2021

MANILA – Department of the Interior and Local Government (DILG) Undersecretary Jonathan Malaya said the private sector plays a “very crucial” role in the country’s economic growth and recovery amid the coronavirus disease 2019 (Covid-19) pandemic.Malaya, in an economic forum… Read More

FIRM TO DEVELOP 1,000-HECTARE BANANA PLANTATION IN BARMM

P950-M banana investment eyed to help revive industry

 April 19, 2021

COTABATO CITY — The Regional Board of Investments of the Bangsamoro Autonomous Region in Muslim Mindanao (RBOI-BARMM) has approved the registration of Al Muzafar Agriventure Inc. (AMAVI) that would pour in PHP950 million worth of investments in the region’s banana industry.The firm, also… Read More

DUTERTE lifts moratorium on mineral agreements

 April 15, 2021

MANILA – President Rodrigo Duterte has issued an executive order (EO) lifting the nine-year moratorium on mineral agreements to spur economic growth and support projects and programs of the government.Duterte signed EO No. 130 on April 14, amending Section 4 of EO No. 79, s. 2012 that… Read More

Solon lauds EO allowing mining deals for economic recovery

 April 15, 2021

MANILA – The chairman of the House Ways and Means Committee on Thursday said the establishment of new mining agreements will pave the way for the country’s bid for competitiveness in the electric vehicle and renewable energy battery sector, as well as the country’s long-term… Read More

CHARTER CHANGE TO PERK UP PHILIPPINE ECONOMY

Removing Charter’s economic restrictions to unleash country’s potential

 January 26, 2021

MANILA – The Department of Trade and Industry (DTI) on Tuesday said the proposal to remove the economic restrictions in the 1987 Constitution would help “unleash” the economic potential of the Philippines, the second-fastest growing economy in Southeast Asia.During the hearing of… Read More

SAN MIGUEL bags 50-year Bulacan airport franchise

Congress has granted San Miguel Aerocity Inc. a 50-year franchise to construct domestic and international airports in the Municipality of Bulakan, Bulacan

 The New Manila International Airport (NMIA) is ecpected to decongest the Ninoy International Airport (NAIA) and elevate both the passenger experience, while maximizing the country’s revenue potential.

The franchise measure was passed by the House of Representatives last September and amended by the Senate in October.

The bill granting San Miguel Aerocity Inc. the 50-year franchise , registered as Republic Act No. 11506, lapsed into law on Dec. 20, 2020.Read More

Davao del Sur coffee named as PH’s best brew

Awarded by Coffee Quality Institute

 January 6, 2021

DAVAO CITY – The specialty Arabica coffee grown in the foothills of Mt. Apo in Davao del Sur ranked first in the recently conducted green grading and cupping by licensed Coffee Quality Institute (CQI) graders.In a statement from the Department of Agriculture in Region 11 (DA-11) Wednesday,… Read More