ROXAS Holdings, Inc. (RHI) and Global Business Power Corp. (GBPC) will establish a joint venture that will undertake a 40-megawatt (MW) biomass power project in Negros Occidental, which is targeted for completion in 2017.
Dec 102014
Feb 232014
MANILA, Philippines – The group of businessman Manuel V. Pangilinan is still intent on pursuing agriculture investments in the country despite the difficulty in acquiring substantial tracts of land. Interviewed on the sidelines of the launch of new TV 5 program Yaman ng Bayan on Friday night, Panglinan said Hong-Kong based First Pacific Co. Ltd. is still interested in pursuing commercial rice cultivation in the Philippines and bullish about sugar prospects in the country. Pangilinan said the prospective agricultural investments in the Philippines would be carried out by First Pacific’s food unit PT Indofood, the largest food producer in Indonesia. In 2012, Pangilinan and hybrid rice seed grower SL Agritech Corp. engaged in talks for a partnership on large scale rice farming in which First Pacific would provide the tracts of land while SL Agritech will provide the rice seeds. “It’s still under discussion with SL Agritech. But it would still be pursued here,” Pangilinan said. SL Agritech, owned by businessman Henry Lim Bon Liong is a subsidiary of the Sterling Paper group of companies. It was formed in 1998, performing research work on hybrid rice. At least 10,000 hectares is needed for the project. Business ( Article MRec ), pagematch: 1, sectionmatch: 1 Pangilinan said he is interested in the development of agriculture as a major industry in the country because of numerous opportunities and challenges brought about by the implementation of the free trade regime within Southeast Asia in 2015. “We want to go for agriculture as a Read More …