ISTAMBAY SA MINDANAO

Walter I. Balane’s Notes on Life and Living in Mindanao

Resource projects dominate EAGA biz matching

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Business interests mainly on biodiesel, palm oil plantations, and mining dominate projects eyed for business matching at the first ever BIMP-East ASEAN Growth Area investment conference here.

About 28 of the 39 projects were clustered under the natural resource development sector, according to a list provided by the conference secretariat to reporters.

Only 11 were classified under tourism development, transport, infrastructure and communication. Four of the projects are into mining, including another mining project in Zamboanga Sibugay, two in Compostela Valley under the Philippine Mining Development Corporation, and another one on coal in West Kalimantan in Indonesia.  Read the rest of the report on MindaNews.com.

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