Oceans Ace Philippines Export Import Corporation will start exporting live eel to Japan and Korea from its eel farming culture operation in Hindang, Leyte. The P18-million facility has been approved by the Board of Investments for tax incentives being an export producer, an activity listed under the Export Activities category of the current Investment Priorities Plan (IPP). The eel farm has a capacity to culture up to 2,187,911 pieces annually and export them to Japan and Korea. Commercial operation is expected to start on May, 2017 with 25 workers manning the facility.

Eel farming venture in Leyte gets tax perks. (2017, May 9). Manila Bulletin, p. B-5.