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New Aquaculture Farm In Pilar

Economics +1 more

PHILIPPINES - A new aquaculture farm is being set up in Pilar in th eprovince of Bataan.

A top local official in Pilar has revealed that a one-billion-peso aquaculture farm project will soon be established in this town, now fast-becoming a center for economic and tourism activity in the province, according to Manila Bulletin.

Deputy Mayor, Pablo E. Nohay stopped short of identifying the private investor, pending the preparation and completion of the paperwork for the huge business venture.

Mr Nohay said the company will put up a five-storey building where the investor would hold office for its operation, among others.

He added: "This is an indication about investors' renewed confidence in our town, impressed perhaps by its strategic location, credible and effective leadership under Mayor (Charlie) Pizarro and we are really friendly to all legitimate investors who want to pour in their investments here."

Under the initial plan, Mr Nohay said that the company will export its fish products to various neighbouring countries, saying this will certainly generate not only income for the town but also thousands of new employment.

In addition, Mayor Pizarro said the management of Jatropha is also planning to invest more as part of its expansion programme after its initial planting of the Jatropha for biodiesel has become successful in Barangay Liyan, this town, reports Manila Bulletin.

In Barangay Alauli, village chief, Edgardo Lulu, said that aside from the existing companies in his barangay, a number of private investors had also expressed keen interest in putting up their investments in his barangay "due to the prevailing peace and order, its strategic location" and is the center going to Mariveles where the Freeport Area of Bataan will soon be set up.