Wednesday Aug, 05 2020 01:40:07 AM

Economic News

Reforestation drive of ARMM government gaining headway

COTABATO CITY --- The government has reportedly reforested via cross-section initiatives 23,104 hectares of denuded hinterlands in five southern provinces in the past six years.Hadji Kahal Kedtag, regional secretary of the Department of Environment and Natural Resources-Autonomous Region in Muslim Mindanao, said Tuesday the feat is offshoot of the total ban on logging operations in the ARMM that Regional Governor Mujiv Hataman declared in early 2012.

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Displaced workers in Gensan turn entrepreneurs, open restaurant

GEN. SANTOS CITY - For members of Gensan’s Best Waiters Association, losing jobs might not be that hurting as it paved a way for them to venture into new waters when the Department of Labor and Employment (DOLE) Region 12 awarded them with livelihood assistance amounting to P851,929 this year for their resto business in General Santos City.The group now owns a casual-fine dining restaurant and grill house called Kusina Otso which opened last month.The DOLE 12-funded restaurant is situated in the busy streets of Aparente in Barangay City Heights, General Santos City.

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ARMM achieves 100% investment target for 2018

COTABATO CITY - The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) has achieved its 2018 target to register P2.11 billion worth investments after its board in a recent meeting approved the registration of Mina Vida De Mindanao Corporation’s Php 940.5 million nickel mining investment in Languyan, Tawi-Tawi.According to Lawyer Ishak Mastura, chairman and managing head of RBOI, to date the total investments registered by RBOI in 2018 amounts to Php 2.246 billion or reaching 106 percent of the agency’s target, with the bulk of investments in agriculture.T

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Japanese firm eyes fastest internet investment in Maguindanao

COTABATO CITY - A Japanese multinational firm eyes more investment in Mindanao and offered to put up capital to help boost agriculture and marine industry development using sophisticated and fast data communication technologies.Yoshihisa Arai, chief executive officer of Global Trade Ventures, presented a proposal and feasibility study that will make Matanog town in Maguindanao the host of the country’s biggest Japanese investment.Arai forged a deal with Matanog local government, headed by Mayor Mohammad Ali Kits Guro, for the development of Sakurab Kimchi from crops endemic in town.Duri

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Maguindanao upland town, Japanese firm forge joint venture to produce kimchi

MATANOG, Maguindanao – A Japanese investor and the local government here have signed a P5 billion investment for the production of export quality kimchi, (pickles) and expected to provide employment to the locals.Witnessed by Maguindanao Gov. Esmael Toto Mangudadatu, Japanese firm senior consultant Kazuo Sato signed a partnership deal with Mayor Mohammad Ali Kits Guro Sunday.The agreement, under the private-public partnership mechanism, will allow Sato’s Global Trade Company Limited, to develop the local onions prevalent in this upland town into kimchi, a staple in Korean cuisine.

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Maguindanao can be next Dubai due to its gas deposits, official says

PANDAG,
Maguindanao – Investors interested in oil gas exploration have
started coming to Maguindanao and an energy plant will soon rise in the
province, Maguindanao Rep. Zajid Mangudadatu today said.

Mangudadatu
hinted that Chinese and Israeli scientists and inventors are scheduled to visit
Maguindanao.

I am
optimistic with the estimated more than 583 billion barrels of oil beneath the
Liguasan marsh, Maguindanao and the country will become like Dubai,
Mangudadatu said.

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Confiscated substandard merchandise destroyed in GenSan

GENERAL SANTOS CITY - Personnel of the trade department destroyed on Wednesday a ton of seized substandard electrical supplies and other cheap appliances unsafe for public use.In a statement Thursday, the Department of Trade and Industry in Region 12 said the merchandise, recovered in recent operations in General Santos City and nearby areas, were disposed in a landfill in Sinawal area here.The operation was witnessed by representatives from various agencies and local consumer rights welfare blocs, initiated in the presence of officials of the Commission on Audit.The disposal of the substan

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New 69-KV transmission line energized in North Cotabato

ANTIPAS, Cotabato -- Officials of the Cotabato Electric Cooperative (Cotelco) energized on Wednesday another 69-kilovolt transmission line located in Antipas, North Cotabato.

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DTI-ARMM launches ‘e-Presyo’ holds training on trade regulation and consumer protection

COTABATO CITY – The Department of Trade and Industry of the Autonomous Region in Muslim Mindanao (DTI-ARMM) is conducting a two-day training and workshop on trade regulation and consumer protection for its employeesonJune 26-27.Through this activity, the department expects to enhance the technical know-how of its employees, including those in the provincial offices, on the latest policies and laws on trade and industry.One of the highlights during the opening dayon Tuesdaywas the launching and orientation on the ARMMe-Presyo.

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Kidapawan mayor seeks authority to enter into P140 million equipment loan

KIDAPAWAN CITY – Kidapawan City Mayor Joseph Evangelista has sought authority from the legislative department to allow him to enter into a loan agreement worth P140 million, which he explained was intended to purchase at least 15 units of heavy equipment for road repair and rehabilitation, garbage collection, and maintenance of sanitary landfill.

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Mom says slain soldier-son a hero, not coward

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