Oliver Bugarin 11 0 0 3 min to read

Mindanao firms are optimistic about acquiring additional contracts from Singapore.

The Philippine Chamber of Commerce and Industry (PCCI) is optimistic that the newly-signed agreements between a Davao company and a Singaporean company will create more opportunities for agricultural and food-related businesses in Mindanao.

During Wednesday’s press briefing, PCCI area vice president for Mindanao Arturo Milan stated, “We were able to penetrate the Singaporean market during our business mission in early August, with a Davao company closing a deal to export a 140-foot container of pineapples to the country.”

Milan observed that other business representatives from the 25-member Mindanao delegation were also successful in introducing themselves to Singapore’s business community.

“We hope that the positive first impression or business start with Singapore will be sustained. This is only the beginning, as we know that the country imports 96% of its food,” he said.

The delegation consisted of 18 private sector representatives, six non-governmental organization representatives, and one local government official.

Secretary of the Mindanao Development Authority (MinDA) Maria Belen Acosta organized the party and the meetings.

During the investment mission early this month, the Davao-based fruit exporter Avante Agri-Products and the Singaporean company Bananah & Co. PTE. LTD signed a trading agreement.

Avante Agri-Products will provide fresh and processed agricultural products to Bananah & Co. PTE. LTD, a fruit and vegetable wholesaler.

Initial agreed-upon delivery products are fresh pineapple and papaya, but these will be followed by banana, durian, calamansi concentrate, and banana chips.

Two weeks after the agreement is signed, a minimum of one 40-foot container per week of both bananas and papaya will be shipped to Singapore.

The meetings that led to the partnership, according to the MinDA, began in April when Bananah & Co. was scouting for potential partners in Davao City.

Some delegates, according to Milan, have also sought partnerships with Singaporean suppliers of Halal goods in an effort to expand their Halal businesses in Mindanao.

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