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Luisp Lorenzo Jr News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Philippine Poverty and Farm-Based Economy Have Roots in Colonial Era

Decades after independence, the Philippines lacks the kind of factory economy that has lifted up other Asian nations, tying millions to farm work.

Rizome PHL invests $100Min engineered bamboo plant

Florida-based Rizome Philippines has announced that it is investing $100 million (P5.5 billion) in an engineered bamboo plant in Cagayan de Oro. The company said the quality of Philippine bamboo wood, particularly those from Giant Aster species that grow abundantly in Mindanao, can compete with lumber from other countries. “The…

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