from journal.com.ph: P1-B furniture village eyed in Aurora. "A wood manufacturing firm is eyeing the establishment of a P1-billion furniture village in the province.
The Industries Development Corp. seeks to build the furniture village in the tri-boundaries of the DICADI (Dilasag, Casiguran, Dinalungan) area which could generate 6,700 jobs.
Michael Ong, vice president of IDC, said that based on preliminary studies, the project could generate investments of P1.1 billion. The IDC, he said, will provide the raw materials for manufacturing doors, furniture, molding, LVL, plywood, venner, wooden toys and accessories.
He said the project, once fully operational, could generate P3.1 billion revenue per year."
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My comment: This could also generate more floodings and possibly deaths in the area. What's your take on this?