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BFAR Investment Forum on Bangus Production

27 April 2012

PHILIPPINES - An investment forum is being conducted by the Bureau of Fisheries and Aquatic Resources (BFAR) Region 10 for new players in aquaculture production in Misamis Occidental, in Oroquieta City.

The forum is in line with the government’s goal of developing new areas for aquaculture of rearing fish in an enclosure of a water environment to increase fish productivity.

Regional Director Visa Tan-Dimerin of BFAR-10 said the activity is envisioned to consequently generate job for coastal communities and in support of the existing Lopez Jaena, Misamis Occidental Mariculture Park.

She said the forum is an offshoot to the successfully established 1st Northern Mindanao Mariculture Park in Balingasag, Misamis Oriental, which was launched in March 2007.

Another mariculture park in Lopez Jaena that sprawls a stretch of 313.26 hectares and presently has two existing model high-density polyethylene cages for production was launched in February last year.

Meanwhile, Gilda N. Abao, Provincial Fishery Officer of the BFAR-Ozamiz City, said testimonies and success stories in marine cage operations, and best practices at the Balingasag Mariculture Park, as well as the economics of the bangus fish cage technology, will be among the presentations during the forum.

Also included are the bangus market potentials, small enterprise technology upgrading and small, medium enterprise lending facilities, and insurance coverage.

TheFishSite News Desk



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