A 65-million-peso poultry farming project has launched in the southern Phillipines island of Mindanao, according to The Philippine Star.
An experimental aspect of the project, run by Maharlika Agro-Marine Venture Corp., is its method of accepting investments. Filipinos who work outside the country invest directly in the project and monitor their investments via the Internet.
In an opening ceremony for the project, President Gloria Macapagal Arroyo noted that Filipinos working overseas sent US$17B home to the Phillipines in 2009.
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