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31 Dec 2011
Butuan City now considered new investment destination in Mindanao
BUTUAN General Info
BUTUAN CITY (PNA) -- With an educated workforce, reasonable labor cost and strategic business location, some local and foreign investors are now taking a second look at Butuan City as the new investment destination in Mindanao, Mayor Ferdinand Amante Jr. said on Friday.Because of its strategic geographical location, Butuan City is ideal for offices and investments especially in the transport of people, products, and services to different or points in Mindanao.With the ongoing Butuan City-Bukidnon road up for completion, the movement of agricultural products between Bukidnon, Visayas and Luzon will be easier at a lower cost.
An international seaport in Barangay Masao will soon be established which would complement the busy Nasipit International Wharf here. Atty. Gemma Reserva, Butuan City general services head, added that a P1-billion shipyard facility will also be soon established in the city.In a recent meeting with his close advisers and staff, Amante said good governance and transparency have attracted many local and foreign investors who have signified interest to invest in Butuan City, the capital of the Caraga Region.

At present, almost all regional offices of different national government agencies, development foundations and institutions, local and international non-government organizations (NGOs) and branch offices of many local and international businesses are located in Butuan City.

(Source: Manila Bulletin Online, Business Section, 02/12/2011)
By: PhilCTTIS Data Center
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