Connect with us

Hi, what are you looking for?

News

Davao de Oro targets poultry, coconut, logistics investments

PHILSTAR FILE PHOTO

DAVAO DE ORO province is trying to close on at least P500 million in agricultural investment leads during its annual business forum on Oct. 25-26, with the focus on poultry, coconut, and transport and logistics.

Trade and Industry Provincial Director Lucky Siegfred M. Balleque said the province is promoting poultry raising in communities as the first dressing plant in the province is now under construction.

“We recently (broke ground for) the multimillion poultry dressing plant and we will be highlighting that because we want to encourage the residents of Davao de Oro to go into poultry raising,” he said at the Habi at Kape forum last week.

The P135-million dressing plant is located in a 12-hectare site in Monkayo. It is targeted for operation within a year from the groundbreaking ceremony on Sept. 8. 

Poultry raisers in the province currently ship their goods more than 100 kilometers to Davao City’s dressing plants.

For coconut, Mr. Balleque said the conference will discuss the industry in line with the implementation of the Coconut Farmers and Industry Development Plan, which will tap into a P75-billion fund.

He said some 150 coconut players are expected to attend and assist 250 micro, small and medium enterprises (MSMEs).

“Aside from the coconut, we will be highlighting the transport and logistics sector because when we talk of the value chain, transport and logistics are very important components because we cannot move our products to the buyers,” he said.

This year’s Davao de Oro Investment Conference, which will be returning to full face-to-face format at the Montevista Sports Complex, is also seeking to generate about P150 million in sales for local products.

The province’s MSMEs products include chocolate, chili pepper, and banana, among others. — Maya M. Padillo

Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest

Editor’s Pick

UK pubs missed out on a staggering £155 million summer World Cup boost, new analysis has revealed. The hospitality sector was already among the...

Editor’s Pick

Cornish second home owners are set to pay double in council tax after a proposal which would see the local authority granted powers to...

News

LOCAL STOCKS are expected to move sideways on Friday on tepid market activity as investors wait for the release of November US inflation data...

Editor’s Pick

The UK will build its first new coalmine for three decades at Whitehaven in Cumbria, despite objections locally, across the UK and from around...

News

SPEAKER Martin G. Romualdez during the opening of the 19th Congress at the House of Representatives in Quezon City on July 25. — PHILIPPINE...

News

PHILSTAR FILE PHOTO/ RELEASE JBROS CONSTRUCTION CORP. By Luisa Maria Jacinta C. Jocson, Reporter LOCAL government units (LGUs) face an uphill task in staffing...

You May Also Like

News

BW FILE PHOTO GROSS BORROWINGS by the National Government reached P2.6 trillion as of end-September as it continued to raise funds to respond to...

News

REUTERS By Luz Wendy T. Noble, Reporter The country’s foreign exchange buffers slightly increased as of end-October as the value of the central bank’s...

News

KARASOLAR.COM TENA, Ecuador — Ecuador’s rainforest Achuar people say their ancestors long dreamed of a “fire canoe” or “electric fish” that would let them...

News

COVID-19 has had a significant impact on the mental health of Filipinos across different groups all over the archipelago. From frontline workers, parents balancing...

Disclaimer: Respect Investment.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2022 Respect Investment. All Rights Reserved.