What was a disputed zone between Moro rebels and government forces in the small town of Matanog in Maguindanao province has now been transformed into a banana plantation with a P468-million (€8.43 mln) outlay from three companies.
Regional Bangsamoro Board of Investments Board Governor Mohammad Omar Pasigan said in a statement: “The whole fields before were once a war zone and now an economic zone in the region.”
The three firms operating in the area are Usman Banana Farm-Cardava, which invested P277.7 million, Tayan Banana Farm-Cavendish with 128 million, and Abai Banana Farm-Cavendish, P62 million. A combined 519 locals have been employed, mostly former combatants, the board said.
[ P1 = €0.018 ]