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<center>[[Bataan Province, Philippines|<font size=4>'''Province of Bataan'''</font>]] - [[Bataan Archived News|<font size=4 color=green>'''Archived News'''</font>]]</center> | <center>[[Bataan Province, Philippines|<font size=4>'''Province of Bataan'''</font>]] - [[Bataan Archived News|<font size=4 color=green>'''Archived News'''</font>]]</center> | ||
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==New Bataan boosts investment promo== | |||
*Source: http://www.sunstar.com.ph/davao/business/2011/09/22/new-bataan-boosts-investment-promo-180781 | |||
*By: www.sunstar.com.ph | |||
*''September 22, 2011'' | |||
THE local government of New Bataan in Compostela Valley province has taken the lead in promoting the municipality for local and foreign investments. | |||
The conduct of its first-ever Investors’ Forum last month, as part of celebrating the town’s 6th Sal’upongan Festival, signified the commitment of local leaders in positioning New Bataan as an investment destination. | |||
New Bataan Mayor Lorenzo L. Balbin Jr. said that inviting investors is one of their poverty alleviation strategies, as investments generate employment and income to the municipality. | |||
The Local Government Unit (LGU) of New Bataan took the initiative of institutionalizing investment promotion activities by designating an Investment Promotion Officer as well as reviewing and amending their Local Investment Incentives Ordinance. | |||
In coordination with the Department of Trade and Industry - Compostela Valley (DTI-ComVal), the conduct of the Investors’ Forum was made to draw interests from both local and international businesses to locate their investments in the municipality. | |||
Board of Investments-Davao (BOI-Davao) chief Engr. Gil M. Dureza and DTI-ComVal Project Team Manager Nelly L. Esperanza, together with investors and manpower agencies graced the event. The forum also showcased the investment potentials of New Bataan especially in the mining industry, agriculture and tourism. | |||
To date, New Bataan has attracted business locators in the municipality in the field of agriculture, bio-fuel, hydropower, mining and mineral processing. | |||
OZ Wisphil Trading Corporation is partnering with Eagle Fly Corporation in putting up a P25-million coco coir decorticating plant, while Secura International Corp., a company engaged in bio-fuel production, is set to lease at least 2,000 hectares for its Napier grass production and processing plant. Hedcor Philippines is also eyeing a hydropower project while at least 20 firms are already engaged in gold processing plants. | |||
Esperanza said that DTI-ComVal teamed up with BOI-Davao in facilitating more investments to be poured into the area particularly in rubber production and cavendish banana export as well as on the hydropower project. | |||
Esperanza is optimistic that with the full support coming from the LGU, DTI and BOI more investments will be generated in the coming months. | |||
==Bataan sees more Japan investments== | ==Bataan sees more Japan investments== | ||
*Source: http://www.mb.com.ph/articles/334892/bataan-sees-more-japan-investments | *Source: http://www.mb.com.ph/articles/334892/bataan-sees-more-japan-investments | ||