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PIA Press Release
2008/11/06

Negros Oriental, Siquijor products displayed at 4th VST Fair

By Jenny C. Tilos

Dumaguete City (6 November) -- Local products from both Negros Oriental and Siquijor have been exhibited at the 4th Visayas Science and Technology (BST) Fair at the Island City Mall in Tagbilaran City that highlights the Department of Science and Technology (DOST) 50th Anniversary Celebration.

Orient Foods and SansRival represent as food processors and Hikaban and Arte de Negros products, Siquijor Renie's and Ever's peanut products, and Duran's banana crackers and small furniture products of CJP Furniture Shop were showcased and can be purchased from private enterprises who are recipients of the DOST Small Enterprise Technology Upgrading Program (SETUP).

The exhibits during the Fair present the latest Science and Technology (S&T) trends, developments, breakthroughs, products and services from the Department of Science and Technology (DOST) institutes, councils and regional offices.

According to Mario de la Peņa of DOST Siquijor, through the years, the fair has been a stellar avenue for generating investment opportunities in the Visayas as well as forging closer ties among the neighboring regions.

The event brings DOST agencies and assisted companies, investors, NGOs, scientists, researchers, government agencies, educational institutions and community organizations in one concerted effort to promote S&T and to highlight its contribution to national development.

DOST official said, the S&T Fair officially took off as a strategy to accelerate the transfer and the commercialization of innovative technologies. As such, it provided the venue for the exchange of information on the investment potential of promising technologies while also featuring Filipino artistry, skill and ingenuity at their best, de la Peņa cited.

To further boost business enterprises President Gloria Macapagal-Arroyo signed into law today the Credit Information System (CIS) or Republic Act (RA) 9510 that broadens the credit access of small and medium-scale entrepreneurs and at the same time reduce the risk of defaults, thus creating a healthier and more transparent financial system.

In her statement before the enactment of RA 9510, the President described the Credit Information System Law (CISL) as a "very welcome addition to the legislation to strengthen our financial system by improving its regulatory environment." (PIA/jct) [top]

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