The Marfori-Consing Farms generated P2.4 million in gross income in a year from two hectares of coconut plantation used to produce coco sugar, Negros business partners Lope Consing and Rafael Monfort said yesterday.
Coco sugar is made from the coconut toddy, or “tuba,” which is good for diabetics, weight control and maintenance, and helps reduce bad cholesterol, Consing said.
Two hectares of coconut plantation produces over one ton of coco sugar monthly which translates to P200,000, Monfort said.
OFW deployment to Libya,
Bahrain, Yemen suspended
The Philippine government has suspended the deployment of overseas Filipino workers to strife-torn middle-eastern countries amid the escalating political tension there.
Department of Labor and Employment Secretary Rosalinda Baldoz said she has ordered the suspension of the processing and deployment of OFWs to Libya, Bahrain and Yemen.
Baldoz said the Overseas Workers Welfare Administration has already set aside a P25-million contingency fund for affected OFWs in Libya.
Bacolod market vendors
saved from some dues
The Bacolod City government will grant a condonation, or tolerance on previous obligations of market vendors, provided they cooperate by complying with their tax obligations and other duties to the city, Sanggunian Member and Chair of the Committee on Markets, Caesar Distrito, announced during the induction ceremony of Central Market Vendors held at the Government Center, yesterday, a press release from the city said.
Distrito said there is a planned adjustment in the payment of market vendors’ tax dues and that Mayor Evelio Leonardia is greatly concerned for the vendors’ welfare.
He added that although their tax payments are increased, their other dues will also be condoned.