12/03/2013 (Philippine Information Agency) - The Department of Agriculture is exploring opportunities that will further boost the agri-business industry in the Western Visayas region.

Talks are being done with investors regarding plans to establish the largest palm oil plantation in Central Panay, DA-6 Regional Director Larry Nacionales said in a PIA interview.

“We were able to meet with Malaysian investors who are willing to invest in palm oil in Panay,” said Nacionales. “Companies from Luzon are also planning to put up businesses here that will utilize the region’s agricultural sector."

He also said that the strategic location, favorable climate conditions and the peace and order situation in Western Visayas are factors why investors are keen in putting up agri-businesses here.

He added that the local government units (LGUs) are also very helpful in this endeavor for investments in this industry need friendly and accommodating environments.