– An oil firm is planning to develop an initial 50,000-hectare palm oil plantation in Northeastern Mindanao or the Caraga region this year.
“With the targeted initial 50,000 hectares palm oil plantation development, more than 5,000 families will benefit of the program and will generate employment in the region,” he said. Through the Palmoil and Agricultural Land Management for Economic Re-integration and Sustainability or PALMERS, the DTI as project initiator, EPGC had filed its letter of intent last year to develope wide palm oil plantation in the region, according to Jernalita“Jorge” P.Silaga, chief of staff and Senior Trade and Industry Development Specialist of DTI 13.
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