Tag Archives: palm oil

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 exports up 15% in 2013

BusinessWorld Online
June 10, 2014

DAVAO CITY — Mindanao registered $7.6 billion in export receipts last year, 15% more than in 2012, despite the natural calamities that have hit the island in the last two years.
Luwalhati R. Antonino, chairperson of the Mindanao Development Authority, said in a statement on Friday that Mindanao’s export performance was “bullish”. This, considering that production had been greatly affected by typhoons Pablo (international name: Bopha) in December 2012 and tropical storm Sendong (Washi) the year before.

The country’s total exports in 2013 were placed at roughly $54 billion, based on data from the Department of Trade and Industry’s Web site.

“We anticipated a downtrend in some of the region’s agricultural produce, particularly banana and coconut, because of the typhoon, but on the contrary, banana remained our top dollar earner in 2013,” Ms.… Continue Reading ...