The   PNOC-Energy Development Corporation said in a statement yesterday that it has already prepared a comprehensive Environmental and Watershed Management Plan for Mt. Kanlaon National Park for its planned entry to the protected area’s buffer zone.

Rei Medrano, PNOC-EDC manager for Corporate Social Responsibility and Policy Advocacy, said the preparations include a nursery in Bago City that has 14 premium endemic species, including the first man-made almaciga plantation in the Philippines, which  are being produced using the mist irrigation system. 

“Our main objective is to create mother trees that will serve as sources of seeds for natural regeneration and production of reforestation planting materials,” Medrano said in the statement.

Kabankalan employees coop
launches savings operation

The Members Savings Operation Program of the Kabankalan Government Employees Multi-Purpose Cooperative was launched yesterday together with the inauguration of the new office building of KABGEM at the city hall compound, a press release from the Kabankalan mayor’s office said.  

Lolly Saluta, KABGEM general manager, said the program aims to encourage thrift and savings mobilization for its members.

The MSO-KABGEM functions like a bank where members enjoy an interest rate of five percent per annum from their savings deposit. Required minimum maintaining balance for children is P100 while for individuals/organization, P500. Interest for time deposit is at least 11.5 percent per annum without VAT and withholding tax.

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