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PIA Press Release
2006/10/25

Agusan Sur reports hike in investments

by Jose Jemuel B. Dael

AGUSAN DEL SUR (October 25) -- Two big investors now establish their businesses in the province after finally completing their requirements, an official from the Provincial Board of Investments said.

Solomon Bilaoen Vice Chairman of PBI said that the during their Board meeting two weeks ago, they approved the applications of Caraga Palm Ventures, Inc. in Sta. Josefa and Hantex Manufacturing Corporation in Bayugan.

Bilaoen, said that CPVI which produces palm oil and HMC which produces veneer products will generate employment in the province.

Bilaoen disclosed that with the development of roads and bridges and other infrastructures in the province, more investors will be encouraged to apply for investment incentives.

When asked about his opinion regarding the performance of President Gloria Arroyo, Bilaoen said good signs are happening such as the continuous strengthening of the peso.

Malacan(ang earlier said that the continuous strengthening of the peso is a trophy of President Gloria Arroyo's fiscal reform agenda, the result of the hardwork of the Administration.

Palace also said that the country is set to achieve more if we continue to join hands and remain focused on the agenda of economic growth and political stability. (PIA-Agsuan del Sur) [top]

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