Friday, July 08, 2005
Investors eyed to pledge more capital during investment gab
By Jenny Molbog-Mendoza
THE Mindanao Investment Forum, tentatively scheduled this August 17 in Davao City, is expected to gather hundreds of potential investors who are willing to infuse more capital for the development of nine major commodities of Mindanao, the Department of Agriculture (DA) 11 said.
DA 11 Regional Director Roger Chio said the nine commodities which will be in focus during the forum are banana, mango, tilapia, seaweeds, coconut, palm oil, rubber, coffee, and broiler chicken.
"These are the champion products of Mindanao. These are the biggest potentials to draw investment. During the event, we are going to showcase the nine commodities," he said.
DA 11 agribusiness marketing assistance division (Amad) chief Mirope Lamsen said the event would be market-driven considering that they have invited both local and foreign investors.
Lamsen said this project is a multi-agency sector initiative of Mindanao led by the DA Southern Philippines Cluster.
It is likewise aimed at soliciting assistance in funding from government financing institutions (GFIs) foreign donors, and private sector investors for the priority commodities of the agri-fishery sector.
For Bisaya stories from Davao. Click here. (July 8, 2005 issue)
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