News

Business Forum Tackles Economic Consequences Of A Watered-down BBL Less Than ARMM

COTABATO CITY.  September 16, 2015.  The business sector in the Autonomous Region in Muslim Mindanao (ARMM) together with the economic agencies of the autonomous regional government held today a discussion on the Bangsamoro Basic Law (BBL) entitled “Forum on the Economic Impact of the BBL:  Original Draft vs. Substitute Bills”.

The ARMM Regional Board of Investments (RBOI) sponsored the half-day forum.

The original draft BBL is the one drafted by the Bangsamoro Transition Commission that was legally reviewed and agreed upon by the Office of the President and submitted by President Aquino to Congress for legislation.  

The substitute bills refer to House Bill 5811 and Senate Bill 2894 for the so-called “Basic Law for the Bangsamoro Autonomous Region” or BLBAR that is supposed to replace Republic Act No. 9054 or the expanded ARMM Organic Act, as a result of the signing of the...

Basilan Needs More Power Generation To Become Next ARMM Investment Destination

(COTABATO CITY, September 8, 2015). Energy is top investment opportunity in Basilan. Taking actions to the power generation needs of the province will make Basilan the next ARMM investment destination. The province needs about 8.8 megawatts daily of power, but the available supply is only 7.4 causing every day rotational brownouts throughout Basilan. The province has a daily power deficit of 1.4 megawatts.

Basilan Province, one of the country’s largest producers of rubber, coconut and  seaweeds was recently visited by the Regional Board of Investments (RBOI), Autonomous Region in Muslim Mindanao  (ARMM) where the agency conducted a Consultation and Roadshow on the 2015 ARMM Investment Priorities  Plan (IPP). The consultation was attended by over 60 participants from different sectors in Basilan and some businessmen from Sulu.

Basilan’s power shortage has hampered business operations, household...

BBL Less Than ARMM Could Derail P1.5 Billion ICT Project With Malaysia

(COTABATO CITY, September 1, 2015)  The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) issued today a statement expressing their apprehension that the passage of a Bangsamoro Basic Law (BBL) that is less autonomous than the ARMM could derail the multi-billion Information
Communication Technology (ICT) project of one their registered investors.

In 2011, East Asia (EA) Trilink Corporation registered with the RBOI their P1.5 billion project in the ARMM where the company is supposed to install a submarine cable link to connect Southern Philippines to Sabah, Malaysia, as part of its vision to become a leading service provider of telecommunications facilities in the Brunei- Indonesia-Malaysia-Philippines-East ASEAN Growth Area (BIMP-EAGA).  

At that time the P1.5 billion telecommunications project of EA Trilink was the single largest investment project in the ARMM.

RBOI Registers P3.7 Billion Investment Project, The Biggest In ARMM History

(COTABATO CITY, August 18, 2015). The Regional Board of Investments (RBOI) in the Autonomous Region in Muslim Mindanao (ARMM) approved today the registration of Al-Sahar Agri Ventures Inc., with the biggest investment project in the history of ARMM amounting to P3.7 billion. With the addition of the Al-Sahar investment,  RBOI has now recorded a total of P5.5 billion worth of investments  since the beginning of the year. The company is investing in cavendish banana plantations in the Province of Maguindanao with  total land area of 2,600 hectares spread in the Municipalities of Talayan Buldon, Barira, and Mangudadatu. The project is expected to create 3,900 jobs for the local folks in Maguindanao.

The Al-Sahar Agri Ventures Inc.  is an affiliate company of Unifrutti Group of Companies. Unifrutti also manages other companies like  La Frutera Inc., Wao  Development Corporation and Mount...

ARMM Board Of Investments Bags BSP's Award For Outstanding Partner For Regional Economic Development Recognizing The Role Of Business Investments In The Peace Process

 

Cotabato City, August 4, 2015.  Business investments in the Autonomous Region in Muslim Mindanao (ARMM) have been growing tremendously since 2013 as a result of the stability, especially peace and order, engendered by the peace process in Mindanao with the signing of the Comprehensive Agreement on the Bangsamoro in 2013 between the Philippine government and the Moro Islamic Liberation Front, and due to the good governance reforms of ARMM Regional Governor Mujiv S. Hataman.

The Regional Board of Investments (RBOI) has contributed to the success of the peace process by actively promoting and facilitating private sector investments in the ARMM.  As such in recognition of the role of the dissemination of regional investment information, which supports the peace process, the RBOI has been awarded “ARMM – Outstanding Partner in the Report for...