Friday Oct, 23 2020 01:20:51 PM

Economic News

Lanao del Norte coastal town eyed for fish cage farming

SULTAN NAGA DIMAPORO, Lanao del Norte - On the first leg of a 5-province journey which started Monday, July 13, I dropped by this coastal town, popularly known as SND, to check on its potentials for Bangus Fish Cage Farming.

The meeting with Mayor Mutalib Dimaporo, son of the former mayor after whom the town was named, was quick and informal.

Being old friends, we just sat on benches beside the gymnasium and discussed how the Mindanao Development Authority (MinDA) could assist in the development of his town.

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Soccsksargen towns to benefit P176-M covid response projects from DSWD

KORONADAL CITY---The Department of Social Welfare and Development (DSWD) in Central Mindanao is gearing up for the implementation of 176 million worth of community projects as part of the country’s national pandemic response to cushion the potentially devastating impact of COVID-19.

Cezario Joel C. Espejo, DSWD 12 regional director said Wednesday that the agency has shifted its community-driven development program, Kalahi-CIDSS, from infrastructure to health-related projects in the context of current disaster situation.

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Piñol: No back-ride policy snags economic recovery

As Chairman of the Mindanao Development Authority, I will officially transmit to the Inter-Agency Task Force on COVID 19 today a communication requesting that Mindanao be exempted from the policy which bans people from riding tandem in a motorcycle.

The "No-Backride Policy," which is now being implemented by some Local Government Units following a directive from the Dept. of Interior and Local Government, if fully implemented in Mindanao will adversely affect our efforts to initiate economic recovery.

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Covi19 to slow down govt programs in 6 months, execs foresee

COTABATO CITY — Moro officials foresaw Friday what they said was a six-month slowed-down operation in most government programs, but more focus is in place for healthcare and other social services amid domino-effects of the covid19 pandemic.

BARMM Executive Secretary Abdulraof Macacua of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) urged local leaders to unite instead of blaming each other, especially when it was involving delivery of foods for relief assistance to residents under restrictions of localized enhanced community quarantine.

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Catamco lauds Duterte for his visit and aid to quake victims

MLANG, North Cotabato - Provincial Governor Nancy Catamco today pushes for the continuing assessments of damaged and determining safer places for relocation to ensure public safety as part of the rebuilding efforts of her administration and sought Pres. Duterte's help.

Speaking to President Duterte, Catamco expressed her gratitude to the personal visit of the President who promised to extend help to quake victims and the rehabilitation program of the province.

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After a banner year in 2019, BARMM expects more investments in 2020

COTABATO CITY - The Bangsamoro region is set to become a major investment destination in the Philippines as the Regional Board of Investments (RBOI) of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) recorded Php 4.1 billion worth of investments in 2019, almost two-fold (80 percent) higher as compared to last year’s Php 2.5 billion, according to the report presented by Shamera A. Abobakar, RBOI Senior Investment Specialist during a recent  RBOI year-end reporting and investment briefing held in Cotabato City.

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Sen. Go to initiate Senate probe on Maynilad, Manila Water contracts

DATU HOFFER, Maguindanao - The Philippine senate is spearheading an investigation in aid of legislation against what Pres. Duterte has described as contracts that were very disadvantageous to the government, Sen. Bong Go said.

Go, who was here for the opening of the country’s 53 Malasakit Center at Maguindanao provincial hospital, was referring to the contracts between the government and two giant water concessionaires – the Maynilad owned by business mogul Manny Pangilinan and the Ayala-led Manila Water.

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 P100-M abaca fiber processing plant to be established in BARMM

COTABATO CITY - A Php 100 million abaca fiber processing plant will be established at Brgy. Calilangan, Balabagan, Lanao del Sur after the Regional Board of Investments (RBOI), Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) approved the registration of Hong Kong Feng Seng Heritage Philippines Inc. (HK FSH).

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Agri and fisheries top industries in the proposed BARMM investments list

COTABATO CITY  -  Agriculture and Fisheries are top industries which the Bagnsamoro region can offer to investors both foreign and local investors given the region’s vast lands and rich water resources.

The statement was issued by Minister Abuamri Taddik of the Ministry of Trade, Investments and Tourism in the Bangsamoro Autonomous Region in Muslim Mindanao (MTIT-BARMM) during the first ever BARMM Investments Priorities Plan (IPP) public consultation held on October 14, 2019 in Cotabato City.

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P306 million worth pineapple packing plant up in Wao soon

LANAO DEL SUR --- An upcoming P306 million worth pineapple packing plant facility can boost the rise of this province from deadly conflicts instigated by Maute terrorists, officials said Tuesday.

The setting up of the facility in Wao town in the first district of Lanao del Sur is a tie-up between the Wao Development Corporation, or WDC, and the transnational fruit firm DOLE Philippines.

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