- Posted January 26, 2013 by
City of Mati, Philippines
Business tycoon pours in help for typhoon victims in Davao Oriental
Manila (Jan. 21)—Business tycoon and Chairman of the PLDT-Smart Foundation— Manuel V. Pangilinan (MVP) is sponsoring shelter homes in the three towns badly hit by typhoon Pablo in Davao Oriental.
“The first 300 housing units are already set for groundbreaking this month in one identified resettlement area in the town of Baganga,” announced Governor Corazon N. Malanyaon.
While these housing units will be funded by Pangilinan’s foundation, the land acquisition and land development costs will be borne by the Provincial Government of Davao Oriental, serving as its counterpart to complement rushing in of assistance for the shelters.
Placing shelter at the top of the priority list, Governor Malanyaon envisions of completing at least 15,000 housing units within the year. This estimated figure represents 50% of the total families affected and who belong to the poorest of the poor, the informal settlers and those living in geo-hazard danger zones that do not have the capacity to put up their own homes.
Pangilinan who immediately rushed in at Davao Oriental’s aid previously sent a taskforce to coordinate with the provincial government several days after the onslaught of the typhoon.
While holding major shares of the MERALCO (Manila Electric Company), Pangilinan had also extended help in terms of electrical repairs and rehabilitation of schools across the three towns thru the different foundations under the MVP Group consisting of the PLDT-Smart Foundation and TV5 Foundation.
Meanwhile, Governor Malanyaon in a meeting with MVP appealed assistance on developing planning strategies and economic plans on potential agricultural industries to pursue in the province.
“It is my dream that we would be able to develop lands for crops in a big scale that is market-driven and would also entice potential investors to come in,” said Gov. Malanyaon.
Pangilinan consequently voiced his interest in exploring more investment opportunities in the province specifically in the oil palm industry given its short gestation period and profitable potentials.
A few years back, people have reservations in pursuing the oil palm industry as native residents are quite sentimental to their coconuts crops.
“With all coconuts and crops gone and uprooted by the typhoon, the province is determined to push through other investment plans that will be more marketable and profitable for our farmers,” said Governor Malanyaon.
Considering the vast agricultural land area the province readily posses, the estimated land area requirement of 50,000 hectares to switch on the oil palm industry is likely seen to be an advantage to start the promising investment opportunity of oil palm commercial farming.
Pangilinan shared his enthusiasm to assist the province by sending economist and researchers in determining more appropriate crops to produce in a commercial scale. He also committed to send his crew to team up with the provincial task force in the implementation of development plans.
Manny Pangilinan, one of the wealthiest businessmen in the country holds major shares on different prominent companies such as PLDT-Smart telecommunications Company, Meralco, Maynilad, ABC Development Corporation (TV5), among many others.
By Karen Lou Deloso, Photo by Lester Berganio