Tag Archives: indigenous people

Malaysian palm oil firm planning to invest $1 billion in Agusan del Sur

BusinessWorld Online
November 22, 2016

A MALAYSIAN COMPANY is planning to invest an initial amount of $1 billion to build plants to process palm oil in Agusan del Sur, according to an official from the Philippine Economic Zone Authority (PEZA).

PEZA Director-General Charito B. Plaza said Alif Agro-Industrial, Inc. is looking for 128,000 hectares in Agusan del Sur which would be used as agricultural economic zones.

“$1 billion ang initial nila kasi (is their initial investment because) they’ll put up refinery plants to process the palm oil,” she told reporters on the sidelines of a Nov. 17 event.

Ms. Plaza said the land will be in ancestral domain areas, which is “good” for indigenous people who have been fighting for their rights.… Continue Reading ...

Mindanao eyed as coffee hub

July 3, 2014
Gold Star Daily

THE Philippine Coffee Board Inc. (PCBI) eyes Mindanao to be the coffee hub of the country, PCBI officials said in an interview Tuesday.

PCBI co-chair Pacita U. Juan said this shift to Mindanao as the coffee hub for the country is pushed by increasing land value in Luzon particularly in areas of Cavite and Batangas provinces.

“When land value is increasing, the crops should go to place where the land value is cheaper,” Juan said citing the southern Philippines offers lowest value of land.

Aside from the land value, farms in Cavite are now more utilized for other agricultural products like fruits; thus harvest of coffee beans in the said area is declining.

“Benguet is already getting too much attention.… Continue Reading ...