Sunday, September 19, 2021

Save The Children: 5.5M Learners With Disabilities At Risk Of Falling Behind In Education

Parents of children with disabilities wrote letters to President Duterte to call for the immediate approval of the Bicameral Committee version of the Inclusive Education (IE) Bill for Learners with Disabilities.

Well’s Fargo And Save The Children Promote Financial Resilience Through FREER Project

Wells Fargo Philippines partnered with Save the Children Philippines for a project that aims to help alleviate the hardships faced by families living in poverty and whose livelihoods were affected by the COVID-19 pandemic.

Role Of Employers In Accelerating COVID-19 Vaccination Efforts

7% of Phoenix Petroleum’s entire workforce are getting vaccinated, with 60% being fully vaccinated!

Triages Of Learning

What will education be like after this pandemic? Here’s what you need to know:

BARMM Approves P100-M Abaca Fiber Processing Investment

BARMM Approves P100-M Abaca Fiber Processing Investment

PAGEONE X INNOVATE ASIA ADspot_img

Spotlight

How do you feel about this story?

Like
Love
Haha
Wow
Sad
Angry

Another investment has earned the nod of Bangsamoro officials that aims to establish a fully mechanized abaca processing plant in the region.

The PHP100-million investment is set to open in Lanao del Sur after the Regional Board of Investments of the Bangsamoro Autonomous Region in Muslim Mindanao (RBOI-BARMM) approved Tuesday the registration of Hong Kong Feng Seng Heritage Philippines, Inc. (HK FSH) for the business partnership.

The firm will put up an abaca fiber processing plant in Barangay Calilangan, Balabagan, Lanao del Sur where the Hofer Hacienda is located.

In a statement, lawyer Ishak Mastura, RBOI chair, said the new investment is the first-ever fully mechanized abaca processing plant to be set up in the BARMM.

The joint venture between HK HFS and Hofer Hacienda is seen as a big boost to existing and potential abaca farmers to maximize their produce since there is now an organized export market.

“As the year closes, BARMM has shown the benefits of peace in terms of more willing investors in the region,” Mastura said, adding the confidence shown by business leaders was viewed as a vote of confidence on the leadership of BARMM Chief Minister Ahod “Murad” Ebrahim.

Manolito Hofer, HK FHS Chief Executive Officer, said the project forms part of his advocacy to help end the armed struggle and push development in his home province, Lanao del Sur.

“I am optimistic that with the start of this facility, more opportunities will come to BARMM,” he added.

HK FHS plans to establish additional 10,000 hectares of abaca plantations through contract growing all over the region including the Zamboanga Peninsula to generate around 20,000 or more workers in the next few years.

The firm will also set up an abaca tissue culture laboratory and nursery to supply its plantation needs.

Initially, the nursery targets at 2,000 plantlets for 1,000 hectares in its first year of operations and increases as the project expands in the years to come.

The plant, which initially employs 107 workers, has a starting capacity of 12,000 metric tons of abaca fiber at a 10 percent increase annually.

All products will be exported to China for pulp making through Bloomfield (Xingtai) Specialty Paper Co. Ltd. that supplies pulps to paper mills in China and other parts of the world.

Minister Abuamri Taddik of the Ministry of Trade, Investments and Trade (MTIT-BARMM) said the region has developed an abaca industry roadmap focused on Lanao del Sur envisioned to maximize the potential of the areas, empower the labor force through good agricultural practices and alleviate the lives of its constituents.

Abaca is known worldwide as the “Manila Hemp”, with the Philippines as top producer and exporter.

The abaca fiber is considered the strongest of natural fibers. It is three times stronger than cotton.

Based on the Philippine Fiber Industry Development Authority 2018 data, BARMM is among the top five abaca producing regions in the Philippines contributing 10.07 percent of the country’s total abaca production. Lanao del Sur is second to Sulu in abaca production in BARMM and ranks eighth in the country.

The province has an approximate 5,621 hectares with an average yield of 0.69 metric tons per hectare of abaca production.

As a new investment, HK FSH is qualified to avail of fiscal and non-fiscal incentives from the regional government such as income tax holidays (ITH), duty-free importation on capital equipment and other applicable incentives upon the start of the project’s commercial operation. (PNA)

Spotlight

Save The Children: 5.5M Learners With Disabilities At Risk Of Falling Behind In Education

Parents of children with disabilities wrote letters to President Duterte to call for the immediate approval of the Bicameral Committee version of the Inclusive Education (IE) Bill for Learners with Disabilities.

Well’s Fargo And Save The Children Promote Financial Resilience Through FREER Project

Wells Fargo Philippines partnered with Save the Children Philippines for a project that aims to help alleviate the hardships faced by families living in poverty and whose livelihoods were affected by the COVID-19 pandemic.

Role Of Employers In Accelerating COVID-19 Vaccination Efforts

7% of Phoenix Petroleum’s entire workforce are getting vaccinated, with 60% being fully vaccinated!

Triages Of Learning

What will education be like after this pandemic? Here’s what you need to know:

Lifestyle

Entertainment

More Stories

QC Mayor Orders Strict Monitoring Of Closed-Setting Facilities

The Quezon City government is strictly monitoring all closed-setting facilities situated in the city after 22 more individuals tested positive for the Covid-19 in another religious convent.

Zambo Centenarian Gets Cash Incentive

A 100-year-old Lola received her cash incentive given by the Zamboanga City government in recognition of her contribution to society.

Comelec-Dumaguete Sets More Satellite Voter Registration Dates

Comelec in Dumaguete is adding nine more days to the satellite voters’ registration schedule to allow more people to sign up for the May 9, 2022, national and local elections.

PhilID Sign-Up Reaches ‘Milestone’ Despite Pandemic

The registration pace of the Philippine Identification System project is said to be progressive amid the Covid-19 pandemic in the country.

13.6K New Covid-19 Recoveries Bring PH Tally To 2,090,228

COVID-19 UPDATE: The overall tally of Covid-19 recoveries nationwide rose to 2,090,228, with another 13,644 new recovered cases reported on Thursday.

Travel

Motoring