3 companies invest P468M for banana plantation in former Maguindanao conflict zone - BusinessWorld Online

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A former combat zone between Moro rebels and government forces in the small town of Matanog in Maguindanao province has been transformed into a banana plantation with a P468-million outlay from three companies, the Bangsamoro investment board said. READ:

Regional Bangsamoro Board of Investments Board Governor Mohammad Omar Pasigan said in a statement on Tuesday.

The three firms operating in the area are Usman Banana Farm-Cardava, which invested P277.7 million, Tayan Banana Farm-Cavendish with 128 million, and Abai Banana Farm-Cavendish, P62 million.Regional officials visited the farm last week in southern Philippines where Cavendish and Cardava varieties are grown.Our office encourages investor-friendly and effective partnerships among registered companies in the region.

 

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