A seaweed gene bank will be put up by the Southeast Asian Fisheries Development Center (SEAFDEC) to complement its biotechnology facility that will aid in boosting the country's production of seaweeds which earns $70 million yearly. SEAFDEC has entered in a memorandum of understanding (MoU) with the Bureau of Fisheries and Aquatic Resources (BFAR) of the establishment of the gene bank. The gene bank is disease free strains that can give higher yield and higher income to farmers.

Aguiba, M. M. (2007, April 29). Establishment of seaweeds gene bank here proposed. Manila Bulletin, p. B-4.