Ray Base Sdn Bhd, a Bruneian company intent on capitalizing on the economic opportunities of the Brunei-Indonesia-Malaysia-Philippines East Asia Growth Area (BIMP-EAGA), inked a Memorandum of Understanding (MOU) with the municipality of Narra, Palawan on Sept. 2, 2024.
The MOU aims to develop Narra as an agricultural hub of BIMP-EAGA with the development of a Farm-to-Market Road technology to facilitate the transportation of agricultural products to the market as well as to operate a depot that will supply diesel and fertilizer to Narra’s Panacan Pier in of support local farmers, business, and operations of the municipality. Ray Base’s local partner, Farm Konekt, will be executing the farmer clustering and logistical support. This partnership, the first between Narra and Brunei Darussalam’s private sector, comes at a significant milestone in Brunei Darussalam and the Republic of the Philippines’ bilateral relationship as it celebrates its 40th anniversary of diplomatic relations this year.
Signing on behalf of the municipality of Narra was Mayor Gerandy Danao, as witnessed by Ambassador Megawati Manan of the Embassy of Brunei Darussalam and Executive Assistant I and Acting Municipal Administrator Edmond B. Gastanes. Also in attendance at the ceremony were Atty. Joshua U. Bolusa, Provincial Legal officer representing the Palawan Governor Victorino Dennis M. Socrates, Ray Base subsidiaries Eager Energy for Fuel and Terra Tech executives, Farm Konekt CEO John Gastanes, and Go Mamam executives.