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Home » LABCO gets green-light for 1,000-ha banana farm in Lamitan

LABCO gets green-light for 1,000-ha banana farm in Lamitan

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LAMITAN AGRI-BUSINESS Corp. (LABCO) is set to invest about P1.8 billion for a 1,000-hectare Cavendish banana farm in Lamitan City, Basilan.

LAMITAN AGRI-BUSINESS Corp. (LABCO) is set to invest about P1.8 billion for a 1,000-hectare Cavendish banana farm in Lamitan City, Basilan.

The company received its certificate of registration last week from the Regional Board of Investment of the Bangsamoro Autonomous Region in Muslim Mindanao (RBOI-BARMM).

The BARMM government, in a statement, said the Filipino-owned company has been granted priority investment status, which would allow it to avail of incentives under the Omnibus Investments Code of 1987 contained in Executive Order No. 226.

 

See full article at Business World Online

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