A SOUTH Cotabato-based firm is investing P100 million to make animal feeds that will supply the Mindanao area and carry the B-Meg brand of San Miguel Foods Inc.

Gensan Feedmill Inc. intends to produce 2.4 million bags of different kinds of feeds a year as soon as it starts commercial operation in January 2009.

The company will initially engage in tolling services, or a business arrangement where clients own the raw materials and finished products.

Gensan Feedmill and San Miguel Foods Inc. have signed a deal to manufacture B-Meg feeds under toll-mill arrangements.

The main product of the company will be animal feeds made out of corn, rice bran, copra meal and fishmeal for livestock, poultry and aquaculture.

The project will receive incentives from the Board of Investments (BOI) in line with the government’s Medium Term Philippine Development Program to increase the country’s livestock and poultry production.

The BOI noted the project is vital to the livestock sector, which has been registering annual growth rates of at least 6 percent.

“With these developments and growth targets, the proposed feed mill project will supply the expected increase in feed requirements,” the BOI said.

By supplying the production input for the livestock, poultry and aquaculture industries, the project will also improve the economy of Mindanao.

The 100-percent Filipino-owned firm will employ 205 people for the project.

DIGITAL Telecommunications Phils. Inc. (DIGITEL), the listed phone subsidiary of JG Summit Holdings Inc., is allotting $393 million to expand the network coverage of its mobile-brand unit Sun Cellular.

COA recommends that NTC go after Piltel on fees

THE Commission on Audit (COA) has recommended to the National Telecommunications Commission (NTC) to collect from Piltel (Pilipino Telephone Corp.) P492.62 million of unpaid regulatory fees.

A SOUTH Cotabato-based firm is investing P100 million to make animal feeds that will supply the Mindanao area and carry the B-Meg brand of San Miguel Foods Inc.

GLOBAL remittance company iRemit Inc. reported Monday that remittance volume grew 59 percent in the first two months of the year to $155 million from $97 million a year earlier.

From a loss of P206 million in 2007, Lepanto Consolidated Mining Co. expects a turn-around this year and sees a net income of P200 million because its old copper reserve will resume operations.

BAYAN Telecommunications is projecting an explosion in subscriber base for wireless landline as the company plans to roll out the service in several key cities nationwide.

IT maybe about time for “mediabetic” politicians to just focus their energy in the more efficient use of their several-million peso pork barrel renamed countryside development fund instead of spreading dirt and destructive criticisms through the media.