SULU — Aimed at accelerating the growth of poultry industry in the region, the Ministry of Trade, Investments, and Tourism (MTIT), in cooperation with the Philippine Halal Manok Corporation (PHMC), Landbank of the Philippines (LBP) and Amanah Islamic Bank (AIB), conducted in this province on Tuesday, Sept. 21, a poultry industry investment forum and business matching.
The activity, attended by some 270 individuals who are mostly potential poultry investors, also sought to business match the industry players, connecting each other’s resources, services, expertise, and capital to realize an investment opportunity.
MTIT Deputy Minister Atty. Sukarno Abbas stated in his opening message that due to the ongoing pandemic, BARMM has recorded the biggest annual decline of -50.6 percent in poultry products from 1,708 metric tons lightweights in the first quarter of 2020 to 844 metric tons lightweights in 2021’s first quarter.
“For this reason, we are conducting this activity to help revive this industry by providing investment information, capability, and opportunities to those who are willing to venture into the poultry business,” Atty. Abbas said.
Meanwhile, MTIT Minister Abuamri Taddik encouraged the participants to invest and venture into the poultry business given that the province mainly rely chicken and egg production from Zamboanga.
“Indeed we have so much opportunities and more untapped resources to be developed in Sulu Province. What we need is to encourage our Bangsamoro businessmen to invest and invite foreign investors to forge joint ventures,” Minister Taddik said during his speech.
“[I am] asking you to continue the new phase of our struggle that is, liberating our people from the bondage of poverty by becoming more productive, innovative, creative and responsive to the needs of our Bangsamoro people,” he added. (Bangsamoro Information Office)