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Operations at Kingking mine seen to start in 2017

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Toronto Stock Exchange-listed St. Augustine Gold and Copper Ltd. (Sagcl) has expressed optimism that its $2-billion Kingking project in Pantukan, Compostela Valley will start commercial operations by 2017.

Posted: April 15th, 2014 in Headlines | Read More »

With peace, WB to pour more funds into Mindanao

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Screengrab from www.worldbank.org

The World Bank has committed to pour in more funds for initiatives geared at further fostering the peace in and the development of Mindanao, especially after the government and the Moro Islamic Liberation Front (MILF) signed the Comprehensive Agreement on the Bangsamoro (CAB) last Thursday.

Posted: April 1st, 2014 in Latest Business Stories | Read More »

Malaysian firm to turn land around Maguindanao massacre site into plantation

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Maguindanao Gov. Esmael Mangudadatu (second from right). AP FILE PHOTO

Idle land around the site of the 2009 Maguindanao massacre in which 58 people were killed is up for conversion into a banana plantation and agricultural complex with amenities such as a hospital and a prayer house, Maguindanao Governor Esmael Mangudadatu announced on Saturday.

Posted: March 22nd, 2014 in Latest Business Stories | Read More »

Small banana growers seek gov’t help in raising prices

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AFP FILE PHOTO

Small banana growers still recovering from typhoon Pablo have sought government’s help in the pricing of their bananas, which they say are bought at an unusually low price, compared to the prevailing price of bananas in the world market.

Posted: March 10th, 2014 in Latest Business Stories | Read More »

DA chief to lobby for eased import tariffs on bananas

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Agriculture Secretary Proceso Alcala. FILE PHOTO

Agriculture Secretary Proceso Alcala has told banana exporters he will personally lobby for the lowering of tariff for Cavendish banana in Korea and Japan.

Posted: March 9th, 2014 in Latest Business Stories | Read More »

Despite staggered rate hike, solons want Meralco probed

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INQUIRER.net FILE PHOTO

The Manila Electric Co.’s announcement that it would implement the P3.44 per kilowatt-hour generation rate increase on a staggered basis should not preclude an investigation into the “proposed humongous power rate hike,” militant party-list members said.

Posted: December 8th, 2013 in Latest Business Stories | Read More »

Not all sectors ready for Asean Free Trade Area

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Workers unload a shipment of imported Malaysian lumber for the Philippine market in this file photo.  AFP FILE PHOTO

The increasing cost of power would reduce the competitiveness of the country’s rubber exporters when the Asean Free Trade Area or Afta comes into full effect, an industry source said.

Posted: December 6th, 2013 in Uncategorized | Read More »

Mindanao group starts exporting organic banana variety to Japan in new scheme

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Cavendish bananas from Mindanao. INQUIRER FILE PHOTO

After successfully exporting organic rice to Hong Kong and the Middle East, the Don Bosco Foundation for Sustainable Development (DBFSD) has started exporting banana to Japan after it launched its organic “Balangon” banana variety in Makilala, North Cotabato.

Posted: October 20th, 2013 in Latest Business Stories | Read More »

PH banana growers see rebound in 2014

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The country’s banana growers are optimistic that the multi-billion-peso industry will bounce back next year from the heavy losses it suffered following last year’s typhoon that wiped out some 14,000 hectares of banana plantations in southern Mindanao.

Posted: October 13th, 2013 in Editor's Pick,Headlines | Read More »

Davao Sur bank goes under receivership; laborers, store owners left hanging

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Rural Bank

Hundreds of depositors here have been trooping to the Rural Bank of Hagonoy Inc. in Barangay (village) Guihing in Hagonoy, Davao del Sur for two weeks now in the hopes of withdrawing their hard-earned money but went home without getting a centavo.

Posted: September 29th, 2013 in Latest Business Stories | Read More »

More Filipinos can afford brand-new cars, bank exec says

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PHOTO courtesy of BPI

More Filipinos are able to buy brand-new cars these days as shown in the sales trends reported by dealers across the country, a bank executive said.

Posted: September 13th, 2013 in Latest Business Stories | Read More »

Mindanao 2012 agri exports exceed $3 B

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Minda Chair Luwalhati Antonino. FILE PHOTO

Despite the challenges brought about by natural calamities, Mindanao exported more than $3 billion in agricultural products in 2012, accounting for 60 percent of the country’s total agricultural exports, the Mindanao Development Authority (Minda) reported on Thursday.

Posted: July 18th, 2013 in Latest Business Stories | Read More »

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