FISHING PRACTICES that damage the environment are a warning that coastal communities require a sustainable source of livelihood, which the government needs to invest in instead of penalizing such practices. READ:
“Simply penalizing does not solve the problem completely since the root of the problem lies in… being unable to make a decent living. I refuse to believe in the idea that the Filipino fishermen are lazy. They’re not. They’re just trying to make a decent living,” Ignite Impact Fund Founder Maria Antonia G. Arroyo said in a virtual interview.
“Dynamite fishing and other illegal forms of fishing are a result of desperation, lack of moderation, appropriate technology, boats, nets, and a lack of conservation and investment,” she said. The fund has invested in Plentina, a fintech that provides “buy now, pay later” store credit with major retailers for essentials and builds a credit score for the user; and BioPrime, a maker of organic soil conditioner that increases crop yield and decreases inorganic fertilizer use by 50%.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
COVID cases fewer than 1,000 for 3rd day - BusinessWorld OnlineThe Philippines posted 853 infections on Friday — the third straight day the tally fell below 1,000 — bringing the total to 3.67 million. The death toll hit 56,770 after 232 more patients died, while recoveries rose by 1,062 to 3.56 million, it said in a bulletin. It said 4.3% of 25,496 samples from March […]
Read more »
Quad leaders agree Ukraine experience should not be allowed in Indo-Pacific - BusinessWorld OnlineTOKYO/WASHINGTON — Leaders of the Quad grouping of countries — the United States, India, Australia, and Japan — agreed on Thursday that what is happening to Ukraine should not be allowed to happen in the Indo-Pacific, the prime ministers of Japan and Australia said. A virtual meeting of the four-country grouping was held at a […]
Read more »
Greenpeace backs creation of global treaty against plastic - BusinessWorld OnlineAn environmental group on Friday sees an end to plastic production after the United Nations adopted a resolution that will mandate the creation of the legally binding treaty by 2024 to put an end to plastic pollution, especially in developing countries. “This resolution spells the beginning of the end to decades of corporate-led indiscriminate and […]
Read more »
Three cops in drug war face murder charges - BusinessWorld OnlineGovernment prosecutors have endorsed the indictment of three policemen for the killing of a Spanish national in a buy-bust operation. In a statement on Friday, the Office of the Prosecutor General said the cops would be charged with murder and planting evidence at a Surigao del Sur trial court. The cops claimed the Spaniard drew […]
Read more »
BSP raises P100 billion via 28-day bills - BusinessWorld OnlineThe central bank on Friday raised P100 billion as planned via an offering of short-term securities, with rates pushed higher due to geopolitical concerns arising from the Russian invasion of Ukraine. The 28-day bills of the Bangko Sentral ng Pilipinas (BSP) were oversubscribed, with demand hitting P148.75 billion. Tenders were also higher than the P135.4 […]
Read more »
Pacquiao promises free housing - BusinessWorld OnlineSenator and boxing champion Emmanuel “Manny” D. Pacquiao on Friday said he would give the poor free housing if he becomes president. “I want each Filipino to have their own house,” he said in a statement in Filipino. “That’s why I asked for your signatures, so you could be given a free house.” Meanwhile, Willie […]
Read more »