Category Archives: Business News

JAPANESE ENVOY sees merry X-mas season for Pinoys

Better Christmas’ in Philippines as more Covid-19 vax arrive

Japanese Ambassador to the Philippines Kazuhiko Koshikawa on Thursday expressed confidence the country will have a “better Christmas” since more vaccines against coronavirus disease 2019 (Covid-19) are arriving. “Better Christmas is well within reach in the Philippines,” he said,… Read More

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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