Economics
Corporate Social Responsibility > Economics

Aligned with its thrust for holistic development, the Company aims to effect synergism in the island to make it self-sufficient.  All programs of the Company are designed to create a balanced economy in the island. 

To provide employment to the rest of the island’s residents, as well as to attain food security, the Company actively implements livelihood enhancement projects.  To maximize the production and earning potentials of the farmers and fisher folks, they are encouraged to group together as formal organizations.  The Villaresis Fishermen Association (VIFAS 1 and VIFAS 2) and Bagong Barrio Association are newly organized associations in 2008.  

To expand fishing activities in the coasts of Semirara, additional 7 fishing outfits with complete fishing gears were fabricated during the year, 3 of which were already released to targeted beneficiaries.

Also, to enhance livestock production in the island, the Company distributed five junior purebred American Brahman bulls and 10 heads of bear goats to three barangays for breeding purposes. 

Meanwhile, the Company continues to support and monitor all the other existing livelihood programs that were already set up in the previous years, like the pottery and humic acid plants; mariculture and aquaculture projects; pest management program; cultivation of vegetable gardens; and dressmaking programs, to mention a few.

Each livelihood program implemented by the Company is carefully planned with the goal of fostering synergism in attaining a sustainable growth and development for the whole island of Semirara.