Coral Triangle Communities Get Support for New Green Businesses
MANILA, PHILIPPINES – Coastal communities in remote areas of the Coral Triangle in Indonesia and the Philippines will receive Asian Development Bank (ADB) support to start small, green businesses that will help preserve one of the most diverse and threatened marine environments in the world.
A $2 million grant from the Japan Fund for Poverty Reduction, administered by ADB, will help poor fishing households in Berau District in East Kalimantan, Indonesia and Balabac in Palawan, the Philippines, identify, establish and operate eco-friendly businesses that could potentially include seaweed culture, fish processing, boat transport services and livestock rearing.
