Camiguin records rise in investments

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Sunday, January 19, 2014


MAMBAJAO, CAMIGUIN – This province reported a 20 percent rise in investment, last year, with P586-million worth of capital recorded.

The infrastructure and facilities sector brought in more than half of the pie or worth P286 million investments in the province, followed by the services sector with P262 million, trading at P38 million, and P.5 million from the manufacturing sector.

Data of the Department of Trade and Industry (DTI) showed that these investments, together with the government’s employment program, generated more than 20,000 jobs last year.

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Top investments in the province for the year 2013 include operations in the line with agriculture for new rising farms, tourism support services, commercial arcade, trade, and more.

The province is likewise intensifying its local products potential into the international market. Eyed to be supported under the Export Pathway Program (EPP) of the government are the items showcased in last year’s International Food Exhibition (IFEX), to include the Maestrado Tablea (Cacao Choco), Soling’s (Peanut Brittle) Food Products, and the Vjandep Bakeshop’s Pastel (milk bun) which will penetrate China and Hong Kong markets, this year. (PIA)

Published in the Sun.Star Cagayan de Oro newspaper on January 20, 2014.

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