CAMARINES SUR | Projects & Construction

[hakz2007]

Market for coco water growing in US

AgriNurture Inc., the only fruit and vegetable grower listed on the Philippine Stock Exchange, is expanding its coconut sources in Bicol and Mindanao this year.

ANI has signed a contract to supply 50 million liters of coconut juice to All Market Inc., which markets the product in the United States as a health drink.

The 50 million liters worth $30 million is only a minimum guaranteed volume, according to ANI president Antonio Tiu.

"It is actually more than triple the size of the plant capacity," he said.

"The production of coconut will surely double because of the demand. We have a large number of coconut trees in the country but harvest of coco water is not properly managed and most often it is even thrown away," said Tiu,

ANI, the only company that exports coco water in can, also sells coconut juice locally in tetra packs, Tiu said.

"We are not putting local distribution to a stop. We will continue supplying our mainstream customers," he said.

Kenneth Tan, chief investment officer and compliance officer of ANI, said it will supply the US leading brand of coconut juice drink, Vita Coco, over the next five years.

Also, ANI has entered into a memorandum of understanding with the Department of Agriculture, the Department of Agrarian Reform and the local government of Camarines Sur.

"The parties will jointly collaborate to establish a coconut water processing facility in Camarines Sur," said Tan.

All Market is a Delaware corporation that sells noncarbonated beverages in the United States, Canada and the United Kingdom.

Coconut water is a health drink that has been proven to provide enhanced hydration, essential nutrition and all five essential electrolytes (calcium, potassium, magnesium, phosphorus and sodium).

This year, coconut production is expected to hit 2.415 million metric tons in copra terms.

Statistics posted on the website of the Philippine Coconut Authority show that of the 12 million hectares of farmland, 3.1 million hectares is devoted to coconut.

The country has about 324 million coconut trees, 85 percent of which are considered productive.

Earlier, ANI was named exclusive distributor of Del Monte Pacific Limited’s fresh pineapples in China under the S&W brand.

Tiu said this will allow the company to expand further its pineapple market in the world’s second-biggest economy, whose food market the company is eyeing to service fully.

"The agreement starts this April, and it is a contract that is renewable annually," said Tiu.

Del Monte Pacific said in its 2010 report to the Singapore Stock Exchange that its S&W-branded business, both processed and fresh, generated sales of $14.4 million, 31 percent higher than the prior year.

AgriNurture is eyeing to raise P2 billion in seed money for its business through a combined debt and equity offering in the market within the year

ANI’s revenue reached P602 million in 2010, up 33.89 percent from P449.66 million in 2009.

http://www.malaya.com.ph/apr14/busi7.html

[oragon.com]

BSP Naga

[hakz2007]

DBP bags international award for CamSur project

State-owned Development Bank of the Philippines’ support for the local growth and development of Camarines Sur bagged the award for local economic development during the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Development Awards held on April 20 at the Acapulco Hotel in Kyrenia, North Cyprus.

The award recognizes DBP’s collaboration with the provincial government of Camarines Sur, particularly its credit support to finance various infrastructure projects designed to boost tourism, trade, and community services in the province.

Accepting the award in behalf of the bank, DBP chief operating officer Edgardo F. Garcia said: “CamSur, as it is more commonly known, has gone a long way from being one of the Philippines’ poorest provinces to become the top tourist destination that it is today. And we take pride in being part of that success story.”

Garcia added that the DBP credit facility supported other projects such as public school buildings, the construction of concrete roads, bridges and public facilities like barangay halls, day care centers, public
markets, drainage and water systems.

Garcia emphasized: “CamSur’s success story continues to unfold as we see it; and DBP hopes to continue being one with its local government in its pursuit of more community growth prospects. In the long term, we envision to replicate this success in other Philippine provinces and communities.”

ADFIAP is an organization of development banks and other financial institutions engaged in the financing of development in the Asia-Pacific region. Founded in 1976, it has 120 member-institutions in 43 countries.

The annual ADFIAP Award recognizes and honors member-banks that have undertaken or assisted projects that have created a development impact in their respective countries by implementing or enhancing outstanding and
innovative development projects.

http://www.usnewslasvegas.com/nation...amsur-project/

[hakz2007]

BPI Globe BanKO opens Naga branch

BPI Globe BanKO, a microfinance-focused savings bank that combines banking standards with mobile technology platforms, expands its reach into Luzon as the bank opens 2 new branches in Lucena and Naga City.

“BPI Globe BanKO makes it feasible for those at the base of the pyramid to have a bank which, in turn, can help improve their lives. Combined with BPI’s expertise in banking, now reaching 160 years, and Globe’s mobile technology innovations, we believe BPI Globe BanKO can help every enterprising Filipino,” says Josaias T. Dela Cruz, Vice President of BPI Globe BanKO. “Naga is a thriving city full of potential for business growth, and with BPI Globe BanKO now open to serve them, they now have access to microsavings, microinsurance, and microloans,” he adds.

Hon. John G. Bongat, Mayor of Naga City, is grateful that BPI Globe BanKO has opened a branch in his city. “I am very grateful with the officials of BPI Globe BanKO for bringing the bank to our city, and for recognizing our city’s potential for business growth. Our kababayans especially those who wish to start their businesses will greatly benefit from BPI Globe BanKO’s service offerings designed specifically for them,” he says.

Meanwhile, City Administrator and Former Mayor of Lucena Ramon Y. Talaga sees the opening of the bank as a step towards rejuvenation of local industries. “With BPI Globe BanKO offering microfinancing combined with training and education, our citizens can now put up their own micro businesses which could be a big boost to our economy,” he says.

BPI Globe BanKO is a joint advocacy of the Bank of the Philippine Islands and Globe Telecom in line with the Ayala Corporation’s thrust towards sustainable development. The bank fuses banking standards and delivery networks with mobile technology. It is a milestone partnership that will reach out to micro entrepreneurs and empower Filipinos who do not have access to traditional financial services through BPI’s banking expertise and Globe’s G-Cash Technology.

http://www.bicolmail.com/issue/2011/may19/xopens.html

[hakz2007]

Budget urgent for 2 Bicol bridges

CANAMAN, Camari-nes Sur -- The repair of a bridge along the Andaya Highway in Panaytayan, Ragay and another along the Maharlika Highway in San Isidro, Pamplona which urgently needed funds could be delayed because of the reported “low infrastructure spending” policy of the Department of Public Works and Highways (DPWH) central office.

CamSur DPWH 5th Engineering district head Engr. Willard Atutubo revealed that they have reopened traffic to all vehicles the Panaytayan Bridge at KM. 314-235 in Ragay town after Sancho Construction installed 18 steel sheet piles beneath the approaches of the bridge after the slope protection of the approaches were devoured by flash floods last May 27.

More: http://www.journal.com.ph/index.php/...-bicol-bridges

[hakz2007]

Central Bank of the Philippines Naga Building

Originally Posted by Naga City Deck

As of June 17, 2011

[hakz2007]

Central Bank Of the Philippines - Naga Office Inauguration

Originally Posted by oragon.com

BSP @ Night

Originally Posted by Naga Boy

STRONGER FINANCE, STRONGER ECONOMY. Vice Governor Fortunato ‘Ato’ Peña (second from right) representing Gov. LRay Villafuerte unveils the marker of the spanking new Bangko Sentral ng Pilipinas (BSP) building at the Central Business District 2 in Naga City during its inauguration ceremonies with former DTI Secretary and now Monetary Board Member Peter Favilla (second from left) spearheading the occasion. The event held last June 22 highlights the stronger economic and financial thrust launched by the BSP in this part of the country.



Source:http://www.bicolmail.com/issue/2011/...ps&events.html

Originally Posted by Naga City Deck

BSP Naga Branch Building Inauguration
June 22, 2011
by Johnna Marie Tee

Originally Posted by Naga City Deck

BSP Naga
Photos by: Johanna Marie Tee

the Learning Center

[hakz2007]

Presidential Sis Pinky to lead turn-over of 3 AGAPP schools in Camarines Sur on Friday

LEGAZPI CITY, June 29 (PIA)-- Presidential Sister Pinky-Aquino Abellada will be the main guest during the blessing and the turn-over of three Aklat, Gabay, at Aruga Tungo sa Pag-angat at Pag-asa (AGAPP) pre-school buildings in Camarines Sur on Friday, July 1.

More: http://www.pia.gov.ph/?m=1&t=1&id=40847

[hakz2007]

Naga River rehab projects gets grant from regional fund

NAGA CITY, Philippines—This city is getting a step closer to carrying out a plan to revive the Naga River following receipt of a $321,000 grant from Cities Development Initiatives to Asia (CDIA), a regional development fund, to finance a pre-feasibility study.

Karin Eberle, CDIA team leader, said the grant to Naga City was the fastest donation approved by CDIA since its establishment in 2007 by the Asian Development Bank and Germany, with additional funds from Sweden, Austria, Spain and the Shanghai People’s Municipal Government.

“We’ve never experienced fast efficient process” except from Naga City, said Eberle in a press conference over the weekend here.

More: http://newsinfo.inquirer.net/22044/n...-regional-fund

[khicom234]

“We’ve never experienced fast efficient process” except from Naga City, said Eberle in a press conference over the weekend

[hakz2007]

Three road projects opened in Partido

LEGAZPI CITY --- At least three concrete road projects worth P140 million were finally opened to travelers, boosting the tourism potential of the Partido district in Camarines Sur, the Department of Public Works and Highways (DPWH) in Bicol said Monday.

DPWH Regional Director Danilo Dequito said that the P140 Million budget was part of the allocation released in the last quarter of 2010 for the agency’s Various Infrastructures Including Local Projects (VIILP). “P35 M was allotted for Goa-Tinambac, Goa Section; P45 M for Goa-Tinambac, Tinambac Section; and, P60 M for Tinambac-Tamban Road, both for Tinambac and Tamban Sections,” the public works director added.

Dequito said Camarines Sur’s five congressional districts have a total allocation of P1.243 billion in the DPWH FY 2011 Infrastructure Program (based on GAA-RA 10147), broken down as follows: P77.591M; P718.683M; P23.471M; P344.315M; and, P79.249M, respectively, from first to fifth districts.

At the inaugural rites held recently, Congressman and Deputy House Speaker Noli Fuentebella said the project would bring convenience and comfort to travelers specially local and foreign tourists visiting the Partido, or fourth congressional district of the province.

“In the old days, we have to wait for good weather to prevail so as muddied road would dry up for public transport to resume its operations,” Congressman Fuentebella added.

Engr. Jose Remo, retired employee of Camarines Sur District Engineering Office (DEO), now 91, said “that is a dream come true” after waiting for almost 60 years since their office opened the Goa-Tinambac Road.

The Sangguniang Bayan of Tinambac also expressed its gratitude to the DPWH for the realization of the road concreting projects in their municipality through Resolution No. 11-045, series of 2011.

DPWH Secretary Rogelio Singson who graced the event said: “We have an aggressive program to improve the quality and safety of our national roads and bridges in the next five years, particularly those that lead to tourist destinations and urban centers.”

He added that Camarines Sur has been given priority in the construction and rehabilitation of roads because of its tourism potentials.

http://www.bicolmail.com/issue/2011/jul14/xroad.html

[hakz2007]

BFAR 5 builds new home

PILI, Camarines Sur -- The Bureau of Fisheries and Aquatic Resources (BFAR) regional office will start in August the construction of a P21.6-million new BFAR 5 building on TESDA Road, CamSur Bicol State University of Agriculture (CBSUA), in Bgy. San Jose, this town.

Groundbreaking of the new building was held over the weekend, led by 3rd district Rep. Luis R. Villafuerte, CBSUA president Marito T. Bernales, BFAR regional director Dennis del Socorro, Agriculture regional executive director Jose V. Dayao and Pili Mayor Tomas Bonga-lonta.

Del Socorro said Bernales and Villafuerte donated a 1.5-hectare lot for the new BFAR 5 office.

Currently, BFAR 5 is occupying an old building inside the compound of the Department of Agriculture regional office in Bgy San Agustin.

http://www.journal.com.ph/index.php/...uilds-new-home

[hakz2007]

Guv pushes privatization of Bicol railway

MANILA -- Camarines Sur Governor Luis Raymond Villafuerte said the privatization of the Philippine National Railways will give way for better services.

The governor made the proposal following the suspension of the rail service due to damage caused by torrential rains brought by Tropical Storm Juaning (international codename: Nock-ten) that ravaged the Bicol region.

“Modernizing and operating the entire rail system is a big ticket project that requires hundreds of millions of dollars in capital outlay which the country cannot afford at this time. Hence, it makes sense and it is only logical that we turn to local and foreign investors,” he said.

Villafuerte said an efficient rail system would provide easier means of transporting goods and people from Bicol to Metro Manila while generating thousands of jobs in the modernization of the railway.

“Bicolanos have long awaited the resumption of the Legaspi to Manila run of the PNR. In fact, there have been plans to extend the railroad to Matnog, Sorsogon where it could link up with the RoRo system,” he added.

http://www.sunstar.com.ph/breaking-n...railway-170917

[hakz2007]

Naga City Central Business District Island Blueprint

Originally Posted by oragon.com

[hakz2007]

MNCCI’S CORPLAN 2011
Public-Private partnership in Metro Naga’s socio-economic development

NAGA CITY --- The Metro Naga Chamber of Commerce & Industry (MNCCI) recently organized a meeting of public and private development partners to come out with tactical alliance that will bring in various projects and activities to spur socio-economic growth within Metro Naga.

The July 20 activity held at MNCCI was initiated under the Chamber’s corporate plan (CorPlan 2011), which aimed to include the building up of linkages and initiatives with other sectors to rev up a vibrant economy for Naga and its neighboring towns.

More: http://www.bicolmail.com/issue/2011/aug18/xmetro.html

[hakz2007]

Ad Congress to bring P100M windfall to CamSur

MANILA, Philippines - Camarines Sur is expected to reap about P100 million from hosting the four-day Philippine Advertising Congress as Gov. Luis Raymund F. Villafuerte Jr. ramps up infrastructure spending for the event...

The 22nd Philippine Advertising Congress will be held from November 16 to 19.

Villafuerte said the province is building a 1,250-square-meter convention center and a 3,750-sq-m exhibition hall that would not only be used for the event but also “to package CamSur not only for sports tourism but also as a convention hub.”

More: http://www.abs-cbnnews.com/business/...indfall-camsur

[hakz2007]

Naga River rehabitation gets boost from German government initiative

NAGA CITY --- The Naga River Revitalization Project (NRRP) was given another boost after a German initiative committed to assist the city government in the preparation of a pre-feasibility study to be presented to prospective funding institutions.

Established in 2007 by the Asian Development Bank and the German government, with support from the governments of Sweden, Spain, and Austria, the Cities Development Initiative for Asia (CDIA) has come to this city to offer help in the realization of the latter’s development plans and investments on infrastructures.

The German government, through the CDIA, has committed US$321,000 to finance the pre-feasibility study on Naga River rehabilitation, which study should be completed by the end of this year.

More: http://www.bicolmail.com/issue/2011/sep1/xgets.html

[hakz2007]

NIA revives Dato dam project

NAGA CITY (Sep 3, 2011) - Officials of the National Irrigation Administration (NIA) announced to the media its resolve to push through with a controversial dam construction in Lupi Camarines Sur and presented some changes to design and implementation that aims to make the multi-million peso project more acceptable to most stakeholders.

More: http://www.voxbikol.com/article/nia-...to-dam-project

[hakz2007]

Arroyo dam project in Camarines Sur still a go

NAGA CITY—The National Irrigation Administration (NIA) is pushing for the resumption of the controversial Libmanan-Cabusao Dam (LCD) project in Malaguico, Sipocot, Camarines Sur, based on a new study it has submitted to the National Economic Development Administration (Neda).

NIA Deputy Administrator Democratico Grana said last week that at least P700 million of the original budget of P1.9 billion has been obligated for the project.

“In the revised project study the cost of the dam project has been pegged at P1.4 billion or at a cost reduction of 26 percent for the irrigation of some 4,000 hectares of rice farms in Libmanan and Cabusao,” he said.

More:http://newsinfo.inquirer.net/56677/a...sur-still-a-go

[hakz2007]

Sogo Hotel...Soon

Originally Posted by oragon.com

Originally Posted by Naga City Deck

The ADC Commercial Complex



MEXICALI Naga SOON TO OPEN!
Ini si sinasabi mi ni Sir Bob na bago sa Naga..
when sir Bob saw the contract signing photos on Mexicali's Facebook, it's now a go signal that it's official.

Welcome, Mexicali Naga!!! (soon to rise)








just look up the names posted as captions on Facebook. Familiar Faces in the industry