The LARAP INTEGRATED DEVELOPMENT PROJECT (LIDP) is undertaken by Penson and Company, Inc and its partners – Hanin, Phenix Garuda and Tradetek for the Municipality of Jose Panganiban, Province of Camarines Norte, and the Philippine Economic Zone Authority (PEZA) with the Objective of developing the area as the model community and jewel of urban development in the Bicol region.
The Municipality of Jose Panganiban is strategically positioned in the north-eastern corner of the Bicol region. This region has been identified as the new growth driver of the national economy more so with the thrust of developing the country’s eastern seaboard in general and the pronouncement by the national leadership for development of the Benham Rise fisheries area. On tourism, proximate to Jose Panganiban are two of the fastest growing tourist destinations in the Philippines, the Calaguas and Caramoan group of pristine islands, with white sand beaches comparable to the popular Boracay Island in Caticlan, Aklan. This initiative of Penson and Company, Inc. (P&CI) to proceed with the Larap Integrated Development Project (LIDP) is focused on the fishery and tourism conditions while establishing solid foundation for an organized and sustainable development that satisfies both corporate and social benefits in the long term.