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PIA Press Release
2007/10/25

Feature: Partnerships built after BIMP iCon

By Mai Gevera

Davao City (25 October) -- The recently concluded BIMP-EAGA Investment Conference (BIMP iCon) has paved the way for a partnership start of about 20 projects discussed during the two-day event.

Initiated by the private sector, the BIMP EAGA Business Council, and the Mindanao Business Council, the BIMP iCon gathered more than 300 participants among the four member-countries of the EAGA.The iCon became the venue of one-on-one business matching of some small and medium enterprises, large companies, and government agencies.

Report showed that 28 projects were matched under the Natural Resource Development Cluster, about 4 are from the Tourism Development, 7 for transport, infrastructure, and communication.

The event was also opened for suppliers and buyers. The numbers showed that there 19 suppliers who registered to look for buyer while there 6 buyers who looked for suppliers.Mindanao Business Council chairperson and country director for BIMP EAGA Business Council Vicente Lao said that the conference was a proof that the business sector in the four member-countries is no longer passive in discussing for development.

During the conference, some of the projects that were discussed were the Mindanao Railway Project, Development of Hijo Port Town, Housing Development in Zamboanga, Coal Mining, rubber, coconut derivatives, Jatropha, seaweeds, processed seafoods, and goat raising.

Meanwhile, the investment exhibit was also participated by 16 institutional exhibitors. More than 200 guests get to visit the different booths nd inquired on products like mariculture park, palm oil plantation, tissue culture environment, Jatropha plantation, and many more.

The exhibit was aimed to raise the knowledge and understanding of the investment opportunities and incentives within the EAGA. (PIA XI) [top]

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