The country's raw sugar production slightly decreased by 3.71 percent, from 1,279,706 metric tons in the previous crop year to 1,232,281 Mts in crop year 2004-2005.

The data was based on raw sugar production highlights as of week ending Feb. 12, 2006, Sugar Board member Rafael Golez said.

This was disclosed as prices of "B" or raw sugar reached above P1,300 per Lkg. yesterday.

Bidding results from UNIFED show that AHSSI sold its "A" sugar at 1,165.90 per Lkg., "B," at 1,325.74 per Lkg; and molasses, P6,285 while Kabilog, "B," P1,306.98 and molasses, P6,165.50.

SP okay sought to pursue operation of abattoir through private contractor

A resolution for Bacolod City to pursue the operation of the slaughterhouse in Brgy. Handumanan through a private contractor is being sought from the Bacolod Sangguniang Panlungsod.

Bacolod Mayor Mayor Evelio Leonardia has written Councilors Napoleon Cordova and Jude Thaddeus Sayson asking them to sponsor the resolution, Secretary to the Mayor Roger Balo said yesterday.

Balo said that after the failure of the first bidding during the previous administration, the city conducted a follow-up bidding. Since the second bidding also failed, the city's procurement policy allows the negotiated procurement process, he said.

LBP, DBP directed to allocate
P50M for start-up businesses

President Gloria Macapagal-Arroyo yesterday directed the Land Bank of the Philippines and the Development Bank of the Philippines to immediately set aside P50 million to finance the needs of promising start-up businesses, Malacañang said in a press release.

Arroyo, in her keynote address at the "Go Negosyo Entrepreneurship Summit" held at the Plenary Hall of the Fort Bonifacio Global City in Taguig, also asked Presidential Adviser on Jobs Generation Arthur Yap to coordinate with the two government-owned banks.

The amount will serve as an incubation fund with softer rates and longer term provisions for the financial needs of deserving and promising start-up business plan winners of the Philippine Center for Entrepreneurship, the press release said.

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