Northern Samar Coco Industrial Park Secures PHP700-M Investment Pledge
Bobon: Investors have committed an initial PHP700 million to establish a 3.5-hectare coconut industrial park in Northern Samar, focusing on the province’s primary agricultural product. Jhon Allen Berbon, head of the provincial economic development and investment promotions office, revealed that in a recent meeting, investors Stephen Chen and Alex Lao announced an initial investment phase of PHP200 million, followed by a PHP500 million second phase. According to Philippines News Agency, 60 percent of the initial investment will be allocated to infrastructure, with the remaining funds divided equally between manpower and operational expenses. The industrial park is envisioned as a comprehensive