|
Thursday, June 01, 2006
Phividec cited for trade role
VILLANUEVA, Misamis Oriental -- Israeli Ambassador to the Philippines Yohoshua Sagi cited the Phividec Industrial Estate in Misamis Oriental (PIE-MO) as one of the ideal destinations for local and foreign investments in Mindanao.
"I am impressed and amazed by the modern facilities and industries located here, and the vast opportunities available for businessmen and investors," Sagi remarked during his recent side trip to PIE-MO to attend the First Visayas-Mindanao Forum organized by Shalom Club Philippines (SCP) Inc. in Cagayan de Oro City.
Sagi pointed out the vast opportunities the estate could offer to investors, foremost of which is the availability of land and the presence of modern support facilities.
These include the Mindanao International Container Terminal (MICT), telecommunication systems, competent labor force, and the projected opening of the Mindanao coal plant this year.
PIE-MO straddles the municipalities of Tagoloan and Villanueva with more than 3,000 hectares of land, making it the largest industrial estate in the Philippines.
The estate is host to some of the biggest industrial and manufacturing firms that have significantly contributed to the region's robust economic growth.
Data from the National Economic and Development Authority (Neda) revealed that Region 10 accounts for more than 27% of the entire Gross Regional Development Product (GRDP) of Mindanao making it the biggest contributor to the island's total economic output.
Regional Director Myra Balandra of the Neda 10 said they are optimistic that the region will continue to gain headways in economic performance.
"This with an anticipated upsurge in investment confidence in the area owing to its numerous advantages ranging from rich natural resources and the right mix of facilities conducive in doing business" she said.
Balandra said the MICT among others, have certainly contributed to a brighter business outlook for the region," Balandra concluded. (Trends)
(June 1, 2006 issue)
Write letter to the editor. Click here.
Join the Sun.Star message board. Click here. |
|
[return to top]
[home]
[network page]
|
LOCAL NEWS
BUSINESS
OPINION
SPORTS
LIFESTYLE
FEATURE
SUPERBALITA
|
