Category Archives: Economic

Camiguin local govt gets abaca processing equipment from DTI

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MAMBAJAO, Camiguin, August 30 (PIA) – The Camiguin Provincial Local Government Unit (PLGU) received new abaca processing equipment from the Department of Trade and Industry (DTI) provincial office, this month.

The equipment assistance cost about P870,000 and is expected to boosts productivity among 110 abaca farmers and processors in Mambajao town. Included in the equipment turn-over were twining and twisting (baling) machines to match the demand in production volume.

It is now housed in a shared service facility inside the Provincial Technology Verification Center (PTVC) in Sitio Lumad, Poblacion, Mambajao. Formally receiving the processing equipment from DTI representative Eric L. Aranas were Cesar A. Sabaldana and Gene B. Casanos of the Provincial Agriculture’s Office. (Zita Maestrado-Abellare with reports from Eric L. Aranas, DTI-Camiguin/ PIA-Cam i-Net)

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DTI orients newly installed officials on opportunities for investment

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MAMBAJAO, Camiguin, August 25 (PIA) – The Department of Trade and Industry (DTI) Camiguin Provincial Office kick-off its Information and Education Campaign (IEC) series on Public-Private Partnership (PPP) and Build-Operate Transfer (BOT) in Guinsiliban town on 22 August.

DTI pooled the Sangguniang Bayan Members and discussed PPP and BOT as a strategy and an advocacy to promote private investments in government owned lots to increase employment especially in the countryside.

Part of the IEC was showcasing some of the successful PPP/BOT projects in Luzon and other parts of the country that started specifically in the big cities like Metro Manila and Cagayan de Oro areas.

DTI promotes investments for vibrant and sustainable local economies to generate more jobs and ultimately make living conditions better for the majority of the population and further complements the local government units (LGUs) in providing systematic approaches and formulating strategies for an investor friendly and business enabling environment. (Zita Maestrado-Abellare with reports from Eric L. Aranas, DTI-Camiguin/ PIA-Cam i-Net)

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DOE proposes ‘boundary hulog’ scheme for E-Trike

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MAMBAJAO, Camiguin, August 22 (PIA) – The Department of Energy (DOE) is set to deploy some 100,000 locally made electric tricycles (E-Trike) powered by lithium-ion batteries to key cities and municipalities in the country, this year.

DOE officials bared this during the multi-sectoral forum on cleaner alternative fuels and energy technologies and efficient utilization of energy held in Camiguin, last week.

It targets to reach motorcycles/tricycles as it consists around 50 percent of the total public transport population.

Jorge Vincent Bitoon of DOE said E-Trike technology has a good fuel savings potential, roughly at around P1.5 kilometer or P120 daily fuel savings. It is also capable in going through steep slopes (12 degree slopes) while providing added safety and comfort for both passengers and drivers.

“There is no initial payment required form the drivers and the ownership of unit is a five-year boundary-hulog (rent to own) scheme, with five years warranty on the unit and lithium-ion batteries (or 80,000 km drive whichever comes first),” Bitoon said.

DOE said, the package also comes with guaranteed registration and comprehensive insurance of three years, establishment of service centers, provision of solar charging stations and training for driver and operators.

DOE supervising senior science research specialist Federico Domingo, meanwhile, egged on transport groups in the province to be open not only to the technology but also to the concept of the project.

 “We are not selling the E-Trike project, rather we are opening opportunities to the less privilege members of our society to live up their integrity and get the chance to earn,” he said.

Domingo assured the transport sector of the economic viability of the project, but challenged them to give way for the additional 100 units that will come in, if they decide to pursue the proposal. (JCV/PIA-10)

 

DTI launches second Negosyo Center in Camiguin

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MAMBAJAO, Camiguin, July 28 (PIA)  The Department of Trade and Industry (DTI) launched its second Negosyo Center (NC) in the province on 26 July 2016.

 The center, a facility that aims to promote ease of doing business and facilitate access to services for Micro Small Medium Enterprises (MSMEs) within the area,is housed inside the Mahinog Municipal Hall.

The formal launching ceremony was firmed up with the signing of  the Memorandum of Agreement (MOA) and  a  ribbon cutting  led by the Mahinog Mayor Rogerio Acle and Vice-Mayor Rey Lawrence K. Tan. 

 DTI said the project affirms the strong partnership between their office and the local government units. (Zita Maestrado-Abellare, DTI-Camiguin, PIA-Cam Inet)

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Mahinog local govt gets Timbangan ng Bayan from DTI

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MAMBAJAO, Camiguin, July 28 (PIA) — DTI turned over two weighing scales to the local government unit (LGU) of Mahinog. This is under the weighing scale of the people project dubbed “Timbangan ng Bayan.”

The ceremonial turnover was done in time for the grand launch of the Mahinog Negosyo Center on 26 July 2016. It is the first set turned-over by DTI to LGU-Mahinog.  

DTI-Camiguin Provincial Director Joselito S. Enot formally turned-over the weighing scales to Mahinog Mayor Rogerio C. Acle, witnessed by the Sangguniang Panlalawigan (SP) Member of Camiguin Nerio Galochino and Christy Gabia of DTI-Regional Office 10.

Timbangan ng Bayan is a project of DTI to promote consumer welfare and healthy business environment.  It carries the slogan “Tamang Timbang, Tamang Presyo at De-Kalidad na Produkto” to provide best quality and value for consumers. (Zita M. Abellare, DTI-Camiguin, PIA Cam iNet)

DOLE conducts small business, financial management to Camiguin OFW returnees

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MAMBAJAO, Camiguin, June 28 — The Department of Labor and Employment, Regional Office No. 10 together with the National Reintegration Center for OFWs (NRCO) and the Overseas Workers Welfare Administration (OWWA) conducted a Small Business Management and Financial Awareness Orientation Seminar to some 35 Overseas Filipino Workers (OFW) returnees in Mambajao town, Camiguin.

DOLE-10 Regional Director Raymundo G. Agravante said the one-day Small Business Management Training and Financial Awareness Seminar is a training intended to assist OFWs and their families with financial literacy relative to their overseas employment and to encourage them in putting up a small business enterprise for self-employment.

Since the program began in 2011 up to the end of 2014, more than 55,000 OFWs and their families have attended to the training.

“This activity is an opportunity for you to learn and this knowledge will be your tool for your future project/business,” Agravante said.

DOLE Camiguin Filed Office head Arlyn Z. Bael said this activity will be their (OFWs) stepping stone to avail the livelihood assistance of the NRCO.

She said that the National Reintegration Program of the department promotes the delivery of responsive, productive, and sustainable reintegration services to OFW returnees that will enable them to maximize the gains of overseas employment, mitigate the social costs of migration and cushion the impact of forced repatriation due to unexpected events.

OFW Returnees can access the services of NRCO like enterprise development, counseling, wage employment referrals, skills training and assistance to distressed OFW.

Likewise, Randolf Rio, OWWA 10 representative talked about the Small Business Management Orientation Seminar and Jovelyn V. Perez, labor employment officer in DOLE PFO-Camiguin, discussed the Financial Awareness Topic.

To avail the packages OFW-returnees may visit their nearest DOLE Provincial Field Offices or thru its Focal Person, Marry Gil Damasing at the DOLE-X Regional Office, ground floor of Monte Carlo Building, RER Subdivision Phase I, Kauswagan National Highway, Cagayan de Oro City. (JVP/DOLE-X PFO-Camiguin)

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School supplies in close watch, monitoring by DTI

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MAMBAJAO, Camiguin, June 27 (PIA) — In the opening month of classes, the Department of Trade and Industry (DTI) Camiguin Provincial Office has been closely monitoring the prices and quality of school supplies in the local market to ensure that customers will get the best value for money when buying school supplies.

Based on the monitoring report of DTI here, prices of schools supplies in the province are generally reasonable and within the Suggested Retail Prices (SRP).

Among the supplies that were being checked are selected brands of pad paper, notebooks, crayons, ballpens, pencils and bondpaper.

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Generally, the stores also complied with the specific standard requirements and inventory levels are stable and sufficient to cope the peak demand.

Consumers are always encouraged by DTI to compare the quality of the products by checking the label before purchase.

The SRP of school supplies was released nationwide by DTI three weeks before the opening of classes to ensure that establishments will not exceed with the SRP. (Zita M. Abellare with reports from Varry Labial, DTI-Camiguin, PIACamInet)

DTI intensifies enforcement of laws on credit card transactions in Camiguin

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MAMBAJAO, CAMIGUIN, June 22 (PIA) — At the height of some violations committed by some business establishments in adding surcharges to credit card transactions, the Department of Trade and Industry (DTI) Camiguin Provincial office created an enforcement team to roll out strict implementation of the Department Administrative Order (DAO) 10 series of 2006 to selected business establishments in Camiguin.

The DAO clearly pointed out that adding surcharge and or additional charges on credit card transactions is against the law.

Section 5 of the order states that all retailers who accept credit, ATM, or debit cards for payment shall not require the cardholders to pay for  additional charges over and above the price tag.

This enforcement initiative will be applicable to all resorts, restaurants, retailers, traders and other establishments in support to the tourism industry of the province.

Credit Card is a popular payment concept applied by tourism related business establishments in their clients and guests and some unscrupulous businessmen are exploiting it by adding surcharges and/or additional charges.

DTI-Camiguin encouraged retailers to display one price tag to indicate the price of each product or service, as mandated by Article 81 to 83 of the Consumer Act of the Philippines and clearly explain that adding extra charges on purchases of goods or services paid via credit cards is prohibited.

Failure to follow the law imposes a penalty of, first offense, six months imprisonment or a fine up to P5,000.00 and second offense, revocation of DTI and local permits.  (Zita M. Abellare with reports from Varry Labial, DTI-Camiguin, PIACamInet)

DTI to open additional Negosyo Center in Camiguin

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DTI to open additional Negosyo Center in Camiguin

MAMBAJAO Camiguin, June 24 (PIA) – A Negosyo Center will open soon in Mahinog town to be able to reach and serve more micro, small and medium enterprises (MSMEs) in far flung areas of the province.

The Department of Trade and Industry (DTI) Camiguin provincial office is spearheading the project in partnership with the municipal local government (MLGU) who is in turn expected to provide the infrastructure facility and personnel to complement DTI in manning the center.

DTI Camiguin Senior Trade and Industry Development Specialist and Negosyo Center coordinator Rita R. Salcedo said this is a hub of new technologies and approaches that seek to assist potential businessmen as well as the Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries for their sustainable livelihood program.

Salcedo said expanding the facility means reaching more to MSMEs needing financial and technical assistance.

The Negosyo Center is also supported by the Department of Science and Technology (DOST) small enterprise technology upgrading program (SET-UP) which assists SMEs in adopting technology innovations to improve their operations and boost their productivity and competitiveness. (JCV/ PIA 10)

DTI calls on SMEs to maximize ‘negosyo center’ services

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MAMBAJAO, CAMIGUIN, June 22 (PIA) – The Department of Trade and Industry (DTI) is calling on starting or established business entrepreneurs to visit and avail of ‘negosyo center’ services at the Mambajao Municipal hall.

The facility operates as a one-stop-shop for business registration assistance, business advisory services, business information and advocacy and monitoring and evaluation of business processes for micro, small and medium enterprises (MSMEs).

It likewise offers access to livelihood assistance, training and market linkage using a simplified and improved approach that eliminates red tape.

“You will learn a lot here, we will help you start or improve your business, access technologies and manage your finances better,” DTI Senior Trade and Industry Development Specialist Rita R. Salcedo said.

The Negosyo Center will also house soon the Department of Science and Technology (DOST) Science and Technology Academic and Research-Based Openly Operated Kiosk Station (STARBOOKS), a digital library which holds scientific and technological information without the use of internet, first distributed in schools and colleges and now at negosyo centers.

Salcedo likewise urged entrepreneurs’ to think outside of the box and invest into a more distinctive and sustainable business endeavor, owing from the experience of the locals who often bank on the same business projects. (JCV/PIA 10)