As if to solidify my previous blog entry about the success stories at the 2nd BIMP-EAGA international trade fair, I received word recently that the event actually cornered a total of Php 8.9 billion in sales and investments. Absolutely exciting news!
According to event organizer Mindanao Development Authority (MinDA), the 2014 Brunei – Indonesia – Malaysia – Philippines international trade fair and business conference garnered more than 1,500 participants, cornered P6 billion worth of possible investments during the business-matching sessions, while initial reports from the Philippines and Malaysia indicate a total of 2.9 billion in booked sales from the international trade fair.
Other countries that participated in the five-day event that attracted more than 25,000 local and international visitors included Canada, Japan, Mexico, Netherlands, Singapore, South Korea, Taiwan, UK and the USA.
Among the products that caught the attention of the buyers included raw and processed food, textile, clothing, furniture and kitchenware. Service products from agri-based companies and tourism also fared well during the event. Some of the big ticket investments sealed during the business-matching sessions included the proposed coffee plantation in Sultan Kudarat and the oil palm plantation in North Cotabato amounting to P1.5 billion each, an oil depot in the Autonomous Region in Muslim Mindanao worth P440 million, and a corn processing facility in South Cotabato amounting to P350 million.
These investments mean more employment opportunities in Mindanao!
Very exciting news indeed. Thanks and congratulations again to MinDA!