July 10, 2024


Metro Pacific Agro ventures plans 500-hectare corn plantation in Northern Samar, Philippines


Metro Pacific Agro Ventures Inc (MPAV), led by business tycoon Manuel V Pangilinan, is looking to establish a 500-hectare corn plantation in Northern Samar province, Philippines, according to local government officials, Philippine News Agency reported.


The Provincial Economic Development and Investment Promotions Office (PEDIPO) reported that Governor Edwin Ongchuan recently met with MPAV's chief operating officer Toby Gatchalian and chief finance officer Reginald Gripal in Makati City to discuss potential investments.


"During the meeting, MPAV expressed its desire to secure 500 hectares of land in Northern Samar specifically for corn cultivation, to which the provincial government committed to assisting the company. This assistance centres around facilitating their site visits and addressing bureaucratic hurdles as they establish their business in the province," said PEDIPO head Jhon Allen Berbon.


The provincial government sees MPAV as an attractive partner due to the company's track record in sustainable farming, highlighted by its greenhouses across the country, including the largest hydroponic vegetable farm in San Rafael, Bulacan.


"This positions the company as an ideal partner for advancing the agricultural sector of the province, sharing the sentiment of producing more with less," added Berbon.


MPAV operates as the agriculture arm of Metro Pacific Investments Corporation and has been involved in various farming ventures throughout the Philippines.


In addition to MPAV's initiative, Northern Samar has recently welcomed significant investments such as Savemore Store by SM Group, common cell sites by Philtower Consortium, offshore wind power projects by Copenhagen Infrastructure Partners and Aboitiz Infrastructure, and tidal energy projects by Energies PH Inc.


-      Philippine News Agency