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Two big investors now establish their businesses in the province after finally completing their requirements, an official from the Provincial Board of Investments said. Solomon Bilaoen Vice Chairman of PBI said that the during their Board meeting two weeks ago, they approved the applications of Caraga Palm Ventures, Inc. in Sta. Josefa and Hantex Manufacturing Corporation in Bayugan. Bilaoen, said that CPVI which produces palm oil and HMC which produces veneer products will generate employment in the province. Bilaoen disclosed that with the development of roads and bridges and other infrastructures in the province, more investors will be encouraged to apply for investment incentives. When asked about his opinion regarding the performance of President Gloria Arroyo, Bilaoen said good signs are happening such as the continuous strengthening of the peso. Malacan(ang earlier said that the continuous strengthening of the peso is a trophy of President Gloria Arroyo's fiscal

An amount of P1.3 million has been allocated by the local government unit (LGU) of Tabango in Leyte province to develop its eco-tourism destination to attract more local and foreign tourists to visit their place and experience the many natural attractions that are entirely unique from what they have seen in other places of the country. This was revealed by Mayor Bernard Jonathan "Ben Jo" Remandaban recently in a telephone interview with PIA. He said that part of the amount will be used to develop Mt. Kantur-aw, on of the tourist destinations in Tabango town visited most frequently by foreign tourists. Mayor Remandaban further revealed that a stairway of some 600 steps is now undergoing construction that will lead to the topmost part of Mt. Kantur-aw which is about 200 meters from the ground level of the town which is now 90% nearing completion. Likewise, part of the plan to develop this particular tourist spot is the construction of cottages atop where tourists ma

US Navy salvage teams are now placing stable Kevlar lines at the hull of the grounded USS Guardian (MCM-5) which ran aground at Tubbataha Reef in the Sulu Sea last Jan. 17. This effort is meant to reduce the strain the minesweeper is receiving due to constant wave actions, the US Embassy in Manila said in a statement. Aside from this, US Navy ship salvage and maritime architecture experts continue to develop the salvage plan and perform work to reinforce the structure of the stricken vessel. The US Navy reported that no fuel has leaked since the grounding, and all of the ship's approximately 15,000 gallons of diesel fuel was safely transferred to the US-contracted Malaysian tugboat, Vos Apollo, during controlled defueling operations completed last Jan. 25. Two heavy lift ship-borne cranes have been contracted to support the salvage operations, and are due to arrive at the area by Feb. 1.