DBP lends P645 million to agriculture startup project

State-run Development Bank of the Philippine has lent P645 million to a domestic agriculture enterprise to help improve its banana flour and coconut sugar manufacturing and export capabilities......»»

Source: Philstar PhilstarCategory: FinanceJan 9th, 2021Related News

Axelum allocates P350m for 2021 capex

Axelum Resources Corp., the country’s largest fully-integrated manufacturer and exporter of premium coconut products, earmarked P350 million in 2021 capital expenditures to ramp up production and sustain growth......»»

Source: Abscbn AbscbnCategory: LifestyleJan 8th, 2021Related News

Axelum allots P350 million for capex

Axelum Resources Corp., the listed manufacturer and exporter of world-class premium coconut products, is earmarking around P350 million for capital expenditures this year......»»

Source: Philstar PhilstarCategory: FinanceJan 8th, 2021Related News

4,000 board feet illegally-cut lumber seized in Lanao del Sur

Personnel of the Navy’s 5th Marine Battalion intercepted Tuesday 4,000 board feet of lumber cut from old coconut trees without permission from the government......»»

Source: Philstar PhilstarCategory: NewsJan 6th, 2021Related News

Paying dues: Rehabilitate the coconut industry

The Quezon Province is undeniably one of the top contributors to the development of the coconut industry. Even before the declaration of Philippine independence, the province has been one of the biggest producers of coconut and coconut products in the country......»»

Source: Thestandard ThestandardCategory: NewsDec 17th, 2020Related News

Velasco pushes coco levy fund

Speaker Lord Allan Velasco expects the House of Representatives to pass on third and final reading a bill creating the coconut levy trust fund before its holiday break this week......»»

Source: Thestandard ThestandardCategory: NewsDec 14th, 2020Related News

PCA drawing up standard for VCO products

The Philippine Coconut Authority is now working with virgin coconut oil producers to come up with the Philippine National Standards requirements of ensuring the quality and safety of the product being sold in the market......»»

Source: Philstar PhilstarCategory: NewsDec 7th, 2020Related News

DOH: More studies needed on use of VCO against COVID-19

Despite initial developments for the use of virgin coconut oil, the Department of Health (DOH) on Friday said that more studies will be needed before recommending its use as a treatment against COVID-19. “Kailangan pa po natin ng further study para makapagbigay ng sapat na ebidensya para masabi natin na katanggap-tanggap itong VCO as an […] The post DOH: More studies needed on use of VCO against COVID-19 appeared first on Daily Tribune......»»

Source: Abscbn AbscbnCategory: LifestyleDec 4th, 2020Related News

Substitutes sought for COVID vaccine

While waiting for an affordable vaccine, many Filipinos are trying alternative defenses, including virgin coconut oil and steam inhalation, against the COVID-19 pandemic that has infected more than 64,150,000 people and killed 1,490,000 worldwide......»»

Source: Philstar PhilstarCategory: NewsDec 3rd, 2020Related News

Community trial ng VCO vs COVID-19 kumpleto na

Manila, Philippines – Nakumpleto na ang isang trial ng virgin coconut oil (VCO) na lunas para sa COVID-19, batay sa Department of Science and Technology (DOST).  “Tungkol sa VCO, dalawang pag-aaral po ‘yan. Yung isa po ‘yung ginagawa sa komunidad sa Laguna. Natapos na po ‘yan. At ang datos po ay tinitignan na at pinag-aaralan […] The post Community trial ng VCO vs COVID-19 kumpleto na appeared first on REMATE ONLINE......»»

Source: Remate RemateCategory: NewsNov 30th, 2020Related News

Police apprehend 150 people during Lapu-Lapu fiesta

LAPU-LAPU CITY, Philippines — Around 150 individuals were apprehended by the Lapu-Lapu City Police Office (LCPO) on Saturday, November 21, 2020, for violating the health and safety protocols during the city’s fiesta celebration in honor of its partroness, Virgin dela Regla. Police Colonel Arnel Banzon, city director of LCPO, told CDN Digital that of this […] The post Police apprehend 150 people during Lapu-Lapu fiesta appeared first on Cebu Daily News......»»

Source: Inquirer InquirerCategory: NewsNov 22nd, 2020Related News

Peasant leader shot dead in calamity-hit Quezon province

Armando Buisan was a copra farmer and a resident of sitio Luyahan, barangay Magsaysay, General Luna, Quezon. He fought for the rights of coconut farmers in the community for almost three decades and was a well-known leader. The post Peasant leader shot dead in calamity-hit Quezon province appeared first on Bulatlat......»»

Source: Bulatlat BulatlatCategory: NewsNov 16th, 2020Related News

Recycling of coconut wastes pushed

  BY VANNE ELAINE TERRAZOLA     Senator Cynthia Villar has underscored the importance of recycling and proper waste management in preventing floods, saying these, too, help in providing livelihood and source of income to Filipinos. In a statement, Villar said the frequent flooding in her home city Las Piñas led her to initiate a […].....»»

Source: Tempo TempoCategory: NewsNov 15th, 2020Related News

Villar: Turn coconut wastes into income

The public should turn coconut wastes into a viable source of income and help in the country’s waste management efforts, Sen. Cynthia Villar said yesterday......»»

Source: Philstar PhilstarCategory: NewsNov 13th, 2020Related News

PH eyes modest $31-M export deals at China expo participation

The Philippine delegation is targeting to attract over 1,300 buyers and generate a modest  $31 million worth export deals at the upcoming China International Import Expo (CIIE),  significantly lower than the $300 million the Philippines realized during last year’s China International Import Exposition (CIIE). Trade and Industry Secretary Ramon M. Lopez said the apparently lower sales target this year may mean on the spot deals only and may not include post CIIE sales attributed to said expo. “Factoring also that this year is Pandemic year. This is a hybrid show this year, where the goods are displayed but negotiations are done via the online B2B facility.  The target is also based on the reduced pavilion size this year, as well as the projected decrease in the number of buyers attending CIIE this year,” said Lopez. Philippine mango and pili nuts are among the products that will be showcased under the FOODPhilippines Pavilion. Already, DTI’s Export Marketing Board and the Center for International Trade Expositions and Missions (CITEM) facilitated initial talks with the Philippine delegation and 40 Chinese buyers in a video conferencing. These Chinese buyers are importers, distributors, and retailers. During last year’s CIIE, Philippine exhibitors booked around $300 million in sales at the second CIIE, more than double the $124 million recorded sales in 2018. This year’s third CIIE will be held on Nov. 5-10 in Shanghai. In the B2B session, Chinese buyers expressed interest in working together with Philippine companies that produce fresh fruits and vegetables, chocolates, healthy snacks, seafood, beverages, and condiments.  For this hybrid participation, there will be a mix of physical product presentation in the pavilion that will be facilitated by onsite officers from the DTI trade posts in China and online B2B matching activities between our companies in Manila and the Chinese buyers who will visit the Philippine booth in Shanghai, according to CITEM Executive Director Pauline Suaco-Juan. With the theme “Healthy and Natural,” 40 Philippine companies will exhibit and sample the country’s wide range of tropical fruits and vegetables, processed fruits and nuts, healthy snacks, seafood and marine products, and other premium food selections. The FOODPhilippines pavilion will feature interactive conference pods for the first time in CIIE to enable virtual business-to-business (B2B) activities and video conferencing. In place of actual Philippine exhibitors manning the booths, Philippine Commercial Counsellors will represent the government and exhibitors, promote exhibitor brands and products onsite, and relay all business leads and contacts generated during the show. The participation in CIIE is organized in partnership with the Foreign Trade Services Corps (FTSC) through the Philippine Trade & Investment Centers (PTICs) in Beijing, Shanghai, Guangzhou, and Hong Kong, and the Export Marketing Bureau (EMB). Government partners are the Department of Agriculture (DA) through the Office of the Agricultural Counsellor in Beijing (DA-OAC-Beijing) and the Department of Foreign Affairs (DFA). The Philippine mango and pili nuts are among the products that will be showcased under the FOODPhilippines Pavilion.project is likewise supported by business associations such as the Philippine Exporters Confederation, Inc. (PHILEXPORT) and the Federation of Filipino-Chinese Chambers of Commerce & Industry, Inc. (FFCCCII).          Leading the FOODPhilippines’ opening in CIIE are representatives from the Philippines and China, namely the Philippine Ambassador to China Jose Santiago Sta. Romana, Philippines’ DTI Secretary Ramon M. Lopez, FFCCCII President Dr. Henry Lim Bon Liong, and Deputy Director General Yang Weiqun from the Department of Asian Affairs of China’s Ministry of Commerce (MOFCOM). Under the FOODPhilippines delegation, 40 companies that will highlight tropical fruits and vegetables will be Hilas Marketing Corporation, Agrinurture, Inc., Mancoco Food Processing, Inc., Excellent Quality Goods Supply Company, Castillo Import Export Ventures Inc., Doxo International Trading, Magsasakang Progresibo Marketing Cooperative, See’s International Food Mfg, Corp., Century Pacific Agricultural Ventures, Inc., Team Asia Corporation, Eau de Coco, Inc., Eng Seng Food Products, Greenlife Coconut Products Philippines, Inc., Tongsan Industrial Development Corporation, Islandfun Inc., Limketkai Manufacturing Corporation (LMC), KLT Fruits, Inc., Zigmund Enterprise, Business Innovations Gateway, Inc., Sangkutsa Food Products, Inc., AG Grays Farm, Marigold Manufacturing Corporation, and the Federation of People’s Sustainable Development Cooperative. To show its goodwill to the Chinese market, the Philippine delegation will donate healthy products to Food Bank China as part of the launch of the Shanghai Food Bank Project with Liwayway China on November 5. The donation will include 200 packs of banana chips from Excellent Quality Goods Supply Company, 50 tuna packs of premium handline tuna from Century Pacific Food Inc., and bundles of virgin coconut oil (VCO) and various coconut products from Team Asia Corporation. The food donation to the Food Bank China serves as a way of giving back and a token of appreciation to the Chinese community for its continued support towards the Filipino representatives and communities in China, according to Commercial Vice Consul Mario Tani of the PTIC in Shanghai. Meanwhile, healthy snack varieties will be showcased by Magic Melt Foods Inc., Sandria’s Delicious Concept, Vegetari Vegetarian Products, Market Reach International Resources, SL Agritech Corporation, and the Philippine Franchise Association. Tuna and other seafood selections will be presented by Century Pacific Food Inc., Universal Canning, Inc., Fisher Farms, Incorporated, Jam Seafoods, Inc., Phil. Union Frozen Foods, Inc., and Gerabuenas Trading. Likewise, premium food selections will be offered by Global Basic Co., Ltd, Subic Superfood Incorporated, Chocoloco, Inc., Filipinas de Oro de Cacao, Inc., and Seabeth Food Processing......»»

Source: NewsNov 8th, 2020Related News

Bombing attempt in Indanan, Sulu foiled

ILIGAN CITY (MindaNews / 01 November) —  The  Joint Task Force Sulu foiled a bombing attempt in Timbangan, Indinan, Sulu after  a concerned citizen reported  to the military an Improvised Explosive Device (IED)  found along the roadside. In a press statement, JTF Sulu said the IED, concealed by coconut leaves when found at around 4 p.m. on Friday was […].....»»

Source: Mindanews MindanewsCategory: NewsNov 3rd, 2020Related News

Coconut stakeholders upbeat on VCO potential vs COVID-19

Coconut industry stakeholders are upbeat that recent trials that show coconut oil having strong potential in fighting COVID-19 may spur the growth of the industry as well as the local economy......»»

Source: Philstar PhilstarCategory: FinanceNov 1st, 2020Related News

Tandag City coco farmers receive P400K cash incentives from PCA

TANDAG CITY, Surigao del Sur, Oct. 29 (PIA) - Some 39 coconut farmers from the barangays of Buenavista, and Maitom, this city have received a total of P400,000.00 as their cash incentives from the.....»»

Source: Inquirer InquirerCategory: EditorialOct 29th, 2020Related News

Coconut farmers are poorest agri people

Coconut farmers are now the poorest people in the agriculture sector, much poorer than when they were 30 years ago.  This was the assessment of Danny Carranza, a coconut farmer and member the Kilusan Para sa Tunay na Repormang Agraryo at Katarungang Panlipunan (Katarungan). (MB FILE, Keith Bacongco) Carranza blamed the coconut farmers’ poverty on the low copra prices, inability to intercrop and modernize, and now the COVID-19 pandemic, which isolates some of them who are living in far-flung areas.                “If you’re going to compare, we are much poorer now than we were back in 1990,” said Carranza. Carranza said the “crisis in coconut” that started in the 1990s was never resolved, but even worsened especially when farmers failed to diversify and intercrop before copra prices, dictated by world prices, crashed in 2019 and in the previous years.              “The price of copra is improving, reaching P16/kg from P8/kg last year, but that is still not enough,” Carranza said, adding that farmers’ income from a hectare of coconut plantation does not reach P10,000 anymore.            At present, about 95 percent of the 3.5 million hectares of coconut farms in the Philippines are meant to produce copra, which is the material for coconut oil manufacturing.  But with the collapse of the prices of coconut oil in the world market over the last two years, prices of copra have also dropped plunging farmers into deeper poverty. According to the Philippine Coconut Authority (PCA), prices of copra at farmgate as of October 15 stood at P21.86/kg, which is higher compared to P14.55/kg price level during the same day last year.           But Carranza said that it normally takes three to four years for coconut farmers to recover when a typhoon hits their plantation because coconut trees don’t recover fast. Several typhoons have devastated coconut trees lately.  “Farmers’ income is dictated by world prices, they don’t have enough funds to modernize their industry, and the government has failed to support them in the diversification of their coconut plantations,” Carranza said.  “Then things got worse because of climate change. And then, because of lockdown, a lot of farmers who live in far-flung areas were isolated and couldn’t deliver their produce,” he added.   In 2018, farmers working in coconut farms only received a daily nominal wage rate of P264, based on Philippine Statistics Authority (PSA) data.   To alleviate the current situation of coconut farmers, the Department of Agriculture (DA) has announced that it will soon distribute a P5,000 worth of assistance to coconut farmers, which will be withdrawn from the agency’s P24-billion stimulus package granted under ‘Bayanihan 2’. The problem, according to Carranza, is that the assistance may only benefit farmers who own 1 hectare of coconut plantations or less. The PCA is also setting aside a portion of its budget to finance on-farm and off-farm livelihood projects for coconut farmers such as intercropping and livestock. Meanwhile, Pambansang Kilusan ng Magbubukid sa Pilipinas (PKMP) Chairman Eduardo Mora said the legal team of Senator Bong Go pledged to help coconut farmers push for provisions that they want to be included in the Coco Levy Act, the proposed law that will pave the way for the release of the P100-billion coco levy fund.           “It was the office of Senator Bong Go that informed us that the senate version of Coco Levy Act was already passed in third and final reading. But his legal team also assured to help us in the congress version of the law, in bicameral, and in the drafting of the IRR [implementing rules and regulation] of the law,” Mora told Business Bulletin.         Mora’s group, which represents more than a hundred thousand coconut farmers in the country, has been calling for increased farmers’ representation in the planned coconut trust fund management committee.         Coconut farmers also don’t want the funds to be handled by PCA, Mora said.         Business Bulletin already sought for Agriculture Secretary William Dar’s reaction regarding the farmers’ opposition of the Coco Levy Act, but he hasn’t responded yet. .....»»

Source: Abscbn AbscbnCategory: LifestyleOct 24th, 2020Related News

Velasco eyes coco levy fund release soon

House Speaker Lord Allan Jay Velasco wants to pass the coco levy bill before the year ends as a “Christmas gift” to coconut farmers. Velasco said he already discussed this with House Agriculture and Food Committee Chairperson Wilfrido Mark Enverga and that he wanted its passage to be done. “Actually I have talked with the […] The post Velasco eyes coco levy fund release soon appeared first on Daily Tribune......»»

Source: Tribune TribuneCategory: NewsOct 20th, 2020Related News