Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Friday, 28 April 2017 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
PBB Guidelines 2016
Click to Open
PIA Snapshot

120201-r6-goodjob
PIA Online
One Mindanao eNewsmagazine
One Visayas eNewsletter
One Luzon eNewsmagazine
ST@R eNewsmagazine
PIA Members Only:
PMIS | PANP Phone Directory
PIAEA Corner:
Application | View PIAEA Site
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
Information to Empower Filipinos
English NewsFoto ArchivesRegional WatchOFW Watch
FrontpageHeadlines by RegionNews ArchivePIA SpecialsICT News

PIA Press Release
Thursday, January 26, 2012

 

Economic boom in Caraga seen

SURIGAO CITY, Jan. 26 (PIA) -- Full economic activity is seen beginning this year in the Northeastern Mindanao as both foreign and domestic investors in agricultural, industrial, mining and tourism industries are already in place in the region’s five provinces and six cities.

After signing a memorandum of understanding, a Japanese business group is already in close coordination with a local construction company in Butuan City for the establishment of multi-million-peso run-to-river mini-hydro power plants. City officials, led by Mayor Ferdinand M. Amante, Jr., have already given the green light for the project.

Some Koreans and Chinese business groups including domestic businessmen have already started operating their agricultural plantation in the city of Butuan and the province of Agusan del Norte with close to 50,000 hectares open for co-management with the local government unit and business group or individual.

One of the country’s three top companies also inked their memorandum of understanding with a mining company at Nonoc here for a major nickel mining operation. The company investment of some $2.5 billion is expected to generate 8,000 new jobs. The city government of Surigao led by Mayor Ernesto T. Matugas is already extending assistance for the commencement of the mining operation.

The city government of Surigao also started their P500 million Surigao City “Agri-Fisheries and Agro-Industrial Development Program” for 2012-2016 where an estimated 10,000 farmers will be benefited. This program is also open to different business groups, both foreign and domestic.

Multi-billion dollars’ worth of mining investments of foreign and domestic business groups in Claver and other towns in Surigao del Norte and also in Surigao del Sur are in full swing this year, generating at least 20,000 new jobs and additional revenues for the local government units.

Just recently, officials and technical men from the Korean government, assisted by Region XIII Department of Energy and Natural Resources (DENR) Regional Executive Director Leonardo R. Sibbaluca, per instruction of Environment Secretary Ramon J.P. Paje, started surveying in Agusan del Sur for the establishment of a multi-million-peso wood pellets plant in the economic zone area of that province.

Aside from generating local employment and revenues, the establishment of this environment-friendly wood pellets plant is expected to bolster the solid waste management program and global warming and climate change mitigation programs of the government. The Koreans also intend to plant millions of agricultural tree seedlings in the wide areas in Agusan del Sur and neighboring areas. (MUC/PIA-Caraga)

Latest Stories
  • DOST project beneficiary produces biggest 'ulang' (R02)
  • Solar energy to light up 75 more houses in off-grid areas in NegOr (R07)
  • DA plans to use Mindanao program in Luzon (R11)
  • DSWD 1 marks its 61st anniversary celeb in February (R01)
  • 500 poor families get 'bags of blessing' (R06)
  • Close to 200 Negros Occidental police officers get promotion (R06)
  • NGO urges public to collect, propagate seeds to create native tree forests in CV (R07)
  • Police Information Officers receives commendation medals (R06)
  • DSWD brings Pantawid Pamilya program to Dumaguete City (R07)
  • LGU issues guidelines on use of municipal filling station (CAR)
  • NGO to hold free breast, cervical cancer screening (R07)
  • Aklan detainees trained on proper waste management (R06)
  • Hiligaynon news: DOLE 6 may bag-o nga direktor (R06)
  • Mangrove tree planting to highlight World Wetlands Day (R06)
  • Balikbayan finds ulang production profitable (R02)
  • Hiligaynon news: Impormasyon sa populasyon sa Iloilo nagapakita pagkinahanglan sa pagmanehar sing maayo (R06)
  • Various activities to mark World Wetlands Day in Iloilo (R06)
  • Tagalog News: Tapul Reef, ipinapadeklarang fish sanctuary (MIM)
  • Hiligaynon news: Alert Level sa Yemen napanubo sa level 2 – DFA (R06)
  • P118-M worth of Infra projects implemented by Dipolog in 2011 (R09)
    FotoCatalogSitestats  
    GOOD NEWS Series
    goodnews
    PIA Special Sites:

    ASEAN Philippines

    Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
    For comments and feedback, please email PIA Newsdesk
    Copyright © 2005 Philippine Information Agency
    PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines