+917718880355

news

Korean businessmen set to make investment in Misamis Oriental silk

YarnsandFibers News Bureau 2017-02-23 15:00:00 – Seoul

A group of Korean businessmen led by Simon Bake and Philop Park visited Provincial Governor Yevgeny "Bambi" Emano last Wednesday, February 22, to express their intent in helping develop potential projects of the Provincial Government as they are set to pour a multi-million peso investment to businesses in Misamis Oriental, one of which is the booming silk industry.

Nicole Managbanag, Provincial Information Officer, said that the Korean businessmen are not only looking at investing in the silk industry but also in the province's health, infrastructure, and agriculture sectors.

Managbanag said that the province is now fast-tracking the planting of mulberry trees, the silkworm's preferred food. The province is planning to replicate the planting of the said tree not only in Villanueva town but to the rest of the municipalities of Misamis Oriental as well.

The demand for Mindanao silk has increased since President Rodrigo Duterte himself chose a barong made of Mindanao silk to wear at his inauguration last year.

It is also one of Duterte's mandates and plans that all government uniforms in the future be made of silk.

According to Managbanag, long-term goal is the establishment of a silkworm plant, complete with the machinery to supply a bigger market.

A technical group has already been formed, led by The Provincial Government, and Department of Tourism-Northern Mindanao regional director Marie Elaine Unchuan said that they are looking at innovating a new image of Mindanao silk like incorporating tribal or lumad designs to the silk cloth.

With the President’s support to revive Mindanao silk, they take advantage of that support, before it’s a dying industry but today it’s been given a lot of attention. With President’s help, they will go a long way in promoting this industry.

The province, with the Department of Trade and Industry, will also be expanding the silk-weaving communities in other municipalities, not only in Laguindingan, but also in Claveria, Gingoog, Balingasag, particularly in the hinterland areas.

Please Login to comment

Market Intelligence

Ask for free sample Report


why us?
21 yrs

experience

Fortune 500

Customer Base

100%

dedicated team

55+

Countries Served Worldwide


newsletter

Register below to receive our newsletters with latest industry trends and news!