Mindanao offers high agriculture potential

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The Philippines is increasingly focusing on the investment allure of Mindanao, the country’s second largest island, now that a decades-old insurgency has been largely pacified, noting agriculture as a high-potential sector for investors.

A Mindanao business delegation currently attending a consumer fair among countries under the East Asian Growth area and the Indonesia-Malaysia-Thailand Growth Triangle in Kuala Lumpur has been sent to attract the attention of investors to significantly Muslim island’s halal food and agri-business industries, among other sectors.

The Filipino ambassador to Malaysia, Jose Eduardo Malaya, has pointed to the island’s  huge potential for Malaysian investors looking into the agricultural sector, especially in coconut, coffee, palm oil and rubber plantations, and seaweed production.

Zamboanga, a city of nearly 1 million in the south of Mindanao, is already a top exporter of seaweed and coconuts. Ideally – and anomalously for the Philippines – the city is located in a typhoon-free zone and registers one of the lowest average rainfalls of the country’s largest cities.

However, in this drive for upped investment inflows, both the Philippine President Benigno Aquino III and NGOs have warned that natural capital must be maintained in a sustainable manner to prevent disruptions in society.

Mindanao most needs the assistance of investors in transferring advanced technology and supplying seed capital, the Filipino ambassador told the Sun Daily, a Malaysian newspaper.

Infrastructure in the form of seaports and airports, as well as exploration opportunities in the mining sector are also areas of interest in Mindanao.

Currently about 45 Malaysian companies operate in the Philippines, mostly in the construction, manufacturing and real estate sectors.

 

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Reading Time: 1 minute

The Philippines is increasingly focusing on the investment allure of Mindanao, the country’s second largest island, now that a decades-old insurgency has been largely pacified, noting agriculture as a high-potential sector for investors.

Reading Time: 1 minute

The Philippines is increasingly focusing on the investment allure of Mindanao, the country’s second largest island, now that a decades-old insurgency has been largely pacified, noting agriculture as a high-potential sector for investors.

A Mindanao business delegation currently attending a consumer fair among countries under the East Asian Growth area and the Indonesia-Malaysia-Thailand Growth Triangle in Kuala Lumpur has been sent to attract the attention of investors to significantly Muslim island’s halal food and agri-business industries, among other sectors.

The Filipino ambassador to Malaysia, Jose Eduardo Malaya, has pointed to the island’s  huge potential for Malaysian investors looking into the agricultural sector, especially in coconut, coffee, palm oil and rubber plantations, and seaweed production.

Zamboanga, a city of nearly 1 million in the south of Mindanao, is already a top exporter of seaweed and coconuts. Ideally – and anomalously for the Philippines – the city is located in a typhoon-free zone and registers one of the lowest average rainfalls of the country’s largest cities.

However, in this drive for upped investment inflows, both the Philippine President Benigno Aquino III and NGOs have warned that natural capital must be maintained in a sustainable manner to prevent disruptions in society.

Mindanao most needs the assistance of investors in transferring advanced technology and supplying seed capital, the Filipino ambassador told the Sun Daily, a Malaysian newspaper.

Infrastructure in the form of seaports and airports, as well as exploration opportunities in the mining sector are also areas of interest in Mindanao.

Currently about 45 Malaysian companies operate in the Philippines, mostly in the construction, manufacturing and real estate sectors.

 

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