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Pioneer Hi-Bred Philippines Plans Additional 3 Billion Peso Investment

Pioneer Hi-Bred Philippines Plans Additional 3 Billion Peso Investment

Pioneer Hi-Bred Philippines plans an additional 3 billion peso investment. For the best immigration news, visit the official website of Worldway Immigration.

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According to a report by the Philippine Manila Bulletin on July 25, the Philippine Board of Investments approved last week an investment plan by Pioneer Hi-Bred Philippines to establish seven new seed projects in the Philippines, with a total investment of 3 billion pesos. Among these, the seed processing project planned for Tarlac province will involve an investment of 960 million pesos. This is the company's first registered investment project with the Board of Investments, and a portion of its income will be eligible for tax incentives.

Pioneer Hi-Bred Philippines aims to provide farmers in Luzon with the hybrid corn and rice seeds needed for production. Preliminary work in Mindanao and the Visayas region began in 1989, with commercial operations expected to commence in 2012.

Investment involves risks, the above information is for reference only

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