Taiwanese investors visit Illana, Panguil, Iligan bays

Taiwanese investors visit Illana, Panguil, Iligan bays

by Breezy C. Jimenez

Tubod, Lanao del Norte (4 September) — The rich aquatic resources around Lanao del Norte has been seen for its potentials for business ventures and other investment opportunities especially for foreign investors.

Tapped for its economic viability as documented and examined by the Bureau of Fisheries and Aquatic Resources (BFAR), region 10 and the Provincial Agriculture’s Office in Lanao del Norte, Illana, Panguil and Iligan Bays were visited by the Taiwanese investors to personally check the area.

Fong brothers, Roy, Jerry and Rey, together with their private consultant Drexel J. Marquez, Mariculture Consultant Perfecto Orbeta, heeding the request of 2nd District Representative Abdullah D. Dimaporo and Governor Mohamad Khalid Q. Dimaporo, did not hesitate to check the beauty and bounty of the province on August 20-21 for the establishment of Mariculture Parks / Zones on the bays.

In the visit, the Provincial Fisheries personnel conducted an actual survey of the proposed site and proved to the investors that the 3 bays are suited to culture high value commercial fishes and crustaceans such as grouper, wrasse fish, sea bass, sea mantis, sea cucumber, lobster, crabs and prawns which are of high demand in Taiwan, China and other countries where high value fishes are a rarity.

Based on the survey, a proposal was made by the provincial government to develop a Mariculture Park / Zone which will cover 5-10% of the total marine area covering ten coastal municipalities in Panguil and Iligan Bays.

This will be materialized upon the passing of a provincial ordinance declaring the province as a Mariculture Zone.

With the realization of this project, it will be able to augment livelihood opportunities and economic status of fisherfolks identified to operate and manage the floating and fixed cages patterned after those in Sibutu, Tawitawi for the full implementation the Mariculture Park / Zone. (PIO Lanao del Norte)

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