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Investors from join the Philippines and Thailand by acquiring a part of PNG s expanding fisheries market. The NFA is considering four applications for foreign direct investment projects in the tuna business. Korea s Dongwon Industries and Halisheng, a Chinese firm, are each seeking permission to built a 200-t/d processing plant, while the French SAPMER Group hopes to roll out a $500m processing plant, a 300-metre wharf, cold storage plant and ship fix yard in the PMIZ. (oxfordbusinessgroup.com)
For a while it looked like the wage hike that was set to take effect on Sept. 30 could also die. The House voted on Sept. 28 to delay the increase till after Dec. 31, 2016. Then Georgia Senator Johnny Isakson, a Republican, stepped in. He negotiated an amendment that provided for an direct 40 hourly wage increase, with extra raises kicking in every three years. It passed the Senate and was adopted by unanimous permission in the House on Oct. 1. (archive.constantcontact.com)
Has taken the Pacific Island Countries themselves that rely on these fisheries for food and jobs, and whose futures are on the line should tuna disappear. This company is taking steps toward improved tuna fishing, and we hope that it isn’t an lonely case: more action is required to ensure the fishing business continues to enhance, decrease the catch of susceptible species and cut fishing effort to go with what is sustainable and inexpensively viable in the long-term. Only by making sure tuna for the future can the business itself have a future. It’s indeed a happy day for a campaigner like me to see business take sustainability seriously and began implement it on the water. (greenpeace.org.au)
At the turn of the century, but, Papua New Guinea started regulating tuna fishing inside its territorial waters. Today, it could only let foreign businesses to access its fishing grounds if they set up canning and processing plants in the island. General Santos City-established RD Tuna was the 1st to set up a cannery there. Previous to the venture with Thai Union, Frabelle Fishing was operating own canning plant in Papua New Guinea. (rappler.com)
Still, to describe the usually unchanged situation in the Philippines today I could like to use the words of our Philippine colleague Barista Uno from his blog from March 2010: “The plain truth is that the Philippines’ shipbuilding sector is squarely in the hands of foreigners Korea’s Hanjin in Subic, Japan’s Tsuneishi in Cebu and Keppel of Singapore in Subic and Batangas. They’re all here due to cheap local labour. The only Filipino-owned company that’s into the newbuilding game in any important manner is Herma Shipyard in Bataan province. Herma, although, isn’t a player in the commercial sense as it was constructing double-hulled tankers for a sister company, a domestic tanker operator, not for 3rd-party customers. (rina.org.uk)
Other businesses have followed suit; most notable is another Philippine company, Frabelle Fishing company, which has established own processing buildings in PNG s industrial hub of Lae. Ironically, Frabelle is itself one of those remote water fishing businesses, however in recent times it has come to see the benefit of settings up local operation in PNG. In fact, it’s now planning a second, distinct plant in Lae, on a much big scale than the 1st. Its US$25 million investment, in partnership with two other Asian investors, will enable it procedure 350 tons of raw tuna a day and employ up to 6000 people. (pnghicomkl.my)
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