Tala, Maya Bank Announce Loan Channeling Partnership Towards Financial Inclusion In PH

Tala, the first fintech company for the Global Majority, announced its team-up with Maya Bank, a digital bank leader in the Philippines! This partnership aims to close the financial gap for Filipinos by channeling PHP 2.75 billion through digital platforms for better credit access.

Strengthening Financial Health Key To Unlocking Economic Potential Of Global Majority

Discover how Tala's innovative solutions are transforming financial health for millions worldwide, fostering confidence and independence on the path to economic empowerment.

All Within 15 Minutes: Urban Planning Concept City To Rise In Pasay

Transforming transportation, boosting the economy, and shaping the future! The Pasay 360 Project is set to revolutionize city living and empower generations to come.

Agri-Industrial Hub To Rise In Taguig City

6

Agri-Industrial Hub To Rise In Taguig City

6

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

The Department of Agriculture (DA) will put up the first Agri-industrial Business Corridor (ABC) for freshwater aquaculture and urban farming in Taguig City, in partnership with the city government and Laguna Lake Development Authority (LLDA).

DA Secretary William Dar, Taguig Mayor Lino Cayetano, and LLDA General Manager Jaime Medina on Tuesday forged an agreement, starting the 10-year project, with initial funding of PHP300 million under the Duterte administration’s Bayanihan 2.

“We envision the Taguig ABC, along with the nearby Food Terminal Inc. (FTI), as part of the agri-industrial and food market hub that will serve the southeast quadrant of Metro Manila,” Dar said.

The project is the second ABC, following the first in New Clark City, where the National Seed Technology Park will rise in partnership with the Bases Conversion and Development Authority (BCDA).

Under the joint project, the LLDA will provide two hectares of land along C-6, where several facilities will be constructed, and an adjacent 15-hectare lakeshore area, where the aquaculture park will be developed and opened to cooperatives and private enterprises.

DA said the Bureau of Fisheries and Aquatic Resources (BFAR) will provide technical assistance and inputs, including bangus, tilapia, shrimp, and ayungin fingerlings for the floating fish cages that will be installed at the 15-hectare aquaculture park.

Philippine Fisheries Development Authority, on the other hand, will build a fish landing wharf or jetty, with warehouse and cold storage facility, while the Bureau of Plant Industry will undertake a mushroom button production facility and an integrated commercial bamboo project.

To complete the project, the Bureau of Soils and Water Management (BSWM) will put up a water hyacinth composting facility to support urban farming and a bamboo oxygen park to promote sustainable production and outdoor recreation.

The DA-BFAR said it will also establish a satellite office in the project site to provide technical assistance, conduct training, and help organize and cluster existing fisherfolk organizations.

Once the facilities are completed, the city government will manage and maintain the agri-industrial hub, and ensure its sustainable operation for the 10-year duration of the project. It will also provide the necessary funding, equipment and manpower for the development of the access road from the highway to the site. It will also construct three facilities in the area, particularly the agriculture, lake and river management, and environment and natural resources offices.

“While we maintain a sustainable environment in the Laguna Lake, this Taguig agri-industrial hub could provide part of the food requirements of Metro Manila,” Dar said. (PNA)