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The Philippines, the world’s largest rice importer, needs to invest more than P12 billion in 2011 to boost paddy yield and minimize dependence on already-tight global supplies. Frisco Malabanan, director of the Department of Agriculture’s national rice program, said the entire requirement to achieve self-sufficiency in rice by 2013 might even reach P15 billion. However, the outgoing administration . . . → Read More: Rice and nurses The Philippines reported a budget deficit last month, relapsing from a surplus in April and causing the five-month shortfall to exceed the government’s first-half target. The shortfall was 30.5 billion pesos ($668 million) in May, Finance Secretary Gary Teves said in a statement in Manila today. Spending increased 21.3 percent from a year earlier after a 12.1 . . . → Read More: Budget deficit The office in the Davao Region of the Mines and Geosciences Bureau collected P16.4 million in revenues last year, with excise tax accounting for nearly three-fourths of the total take, an official statement read. The Mines bureau received a little more than P12 million in excise taxes, with Apex Mining Co. Inc. as the biggest contributor . . . → Read More: Mining,bonds and DTI “We need deep and early cut of carbon.” Climate Change Secretary Heherson Alvarez, in his visit to Davao City yesterday (February 17) urged the business sector in the city to reduce carbon dioxide emissions in the atmosphere. Although he clarified that the country is not a carbon maker but a carbon taker, he also stressed that Filipinos should . . . → Read More: Carbon,VAT,Rice and no power President Arroyo said on Tuesday night that the Philippines would observe the “standard practice” of other countries on aerial spraying of fungicides in banana plantations in Davao. The President told reporters over dinner at the Waterfront Insular Hotel that a task force, which may be comprised of international experts chosen by the stakeholders, will address the proposed . . . → Read More: President in Davao and a high profile kidnapping Two of the major programs being implemented in this region significantly contributed to its export performance of $187 million last year, the Region 11 office here of the Department of Trade and Industry (DTI 11) reported. In its preliminary annual accomplishment report, DTI 11 said that commodities under the Davao Region’s priority industry cluster products promoted . . . → Read More: Export Pathway and Outsourcing DAVAO CITY — A new promotion to curb software piracy ending in three months leaves a window of opportunity for Microsoft and its partners to reach out to Internet café owners here. Fortune A. Magsadia, Microsoft business development officer, told BusinessWorld that the promotion effectively cuts by a fourth the price of licensing Windows operating software and . . . → Read More: Microsoft slash prices and Minda Sufficiency in cereal stocks in the Davao Region dropped significantly across most of the rice- and corn-producing areas in a production picture that bared the refusal of many farmers to heed the directive of Malacañang against conversion of prime rice and corn farms to high-value crops. The National Economic and Development Authority (Neda) in the region . . . → Read More: Bonds and Rice After her two-weeklong cyber-corridor and Urban Luzon Beltway tours, President Arroyo is set to visit Mindanao next week to promote it as an agri-business super region, Malacañang said Saturday. Deputy Presidential Spokesman Ricardo Saludo bared Mrs. Arroyo’s visit to Mindanao, also known as “Agribusiness Mindanao” Super Region that covers Zamboanga Peninsula (Region 9), Northern Mindanao (Region 10), . . . → Read More: The President is coming The business process outsourcing sector continued to lead the Philippine economy by earning $7.2 billion in 2009. The amount is a 19 percent hike from the $6.2 billion the sector earned in 2008. Aside from bringing in $7.2 billion ($336 billion) to the national economy, the BPO sector generated additional 70,000 jobs in 2009, bringing to over . . . → Read More: Davao Business News |
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