News

Bangsamoro Booms: P3.3-B Investments In ARMM Bolters Bill's Quick Passage In Congress

COTABATO CITY. September 12, 2014. The business and private sectors have given their vote of confidence to the quick approval of the Bangsamoro Basic Law (BBL)  in Congress. The ARMM which the Bangsamoro political entity will replace in 2015 is currently enjoying a business boom heralding an era of peace and prosperity for the Bangsamoro and Mindanao if all goes well.

According to a latest report of the Regional Board of Investments (RBOI), three firms were approved for registration by the agency.

The three firms namely, Darussalam Mining Corporation, Al Mujahidun Agro-Resources and Development, Inc. and Bangsamoro Oil and Fuels Corporation posted a total of Php 848 million worth of investment projects and generated 1,210 jobs in the ARMM.

The addition of the three to the...

ARMM Investment Doubles Last Year; Reaches Record High P3.3-B In 3rd Quarter

COTABATO CITY. September 5, 2014. Strong economic growth in the Autonomous Region in Muslim Mindanao (ARMM) is seen as more investors are coming to the region to do business.This is according to the latest report of its Regional Board of Investments (RBOI).

In a joint Board of Governors’ and Management Committee (ManCom) Meeting in Davao City on September 7, 2014, three firms were approved for registration by the RBOI.

The three firms namely, Darussalam Mining Corporation, Al Mujahidun Agro-Resources and Development, Inc. and Bangsamoro Oil and Fuels Corporation posted a total of Php 848 million worth of investment projects and generated 1,210 jobs in the ARMM.

The addition of the three to the seven firms whose registrations were previously approved by RBOI earlier this year means that total...

ARMM Delivers 'inclusive Growth' For Gov't. W/ P2.5-B Investments In The Region

COTABATO CITY. June 23, 2014.The Autonomous Region in Muslim Mindanao (ARMM), the poorest region in the country, delivered record private sector investments in the first semester of this year.  The ARMM Regional Board of Investments (RBOI) registered seven (7) firms in the 1st Semester of 2014 with total investment value of Php 2.52 billion or 72% higher as compared to the whole of last year worth Php1.463 billion. The back to back investments of more than one-billion pesos for the past two years are unprecedented in the ARMM, known as a hotbed of the Moro insurgency in Mindanao.  This year the government signed the Comprehensive Agreement on the Bangsamoro with the Moro Islamic Liberation Front paving the way for the surge in investments in the ARMM, which is envisioned as the core territory of the proposed Bangsamoro political entity.

The administration under President Benigno S. Aquino III, through the...

Phenomenal Growth In ARMM Investments Reaches P2.5-B Mid 2014, Biomass Power Leads

 
BONGAO, TAWI-TAWI, June 16, 2014. -The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) registered seven (7) firms in the 1st Semester of 2014 with total investment value of Php 2.52 billion with a phenomenal growth of 72% against last year's  P1.463 billion. This is the first time that ARMM investments reached this amount and is expected to grow by Php 3 billion by end of this year. At present, some investment projects are now in the pipeline of RBOI, undergoing evaluation.

ARMM Investment Of P1.621-B In First Semester Of 2014 Tops Last Year

COTABATO CITY. May 23, 2014. The Regional Board of Investments of the Autonomous Region in Muslim Mindanao (RBOI-ARMM) exceeded last year’s (2013) overall registered investments of Php1.463 billion by posting this 2014 first semester a total of Php 1.621 billion.

This is after RBOI approved Agumil Philippines, Inc.’s registration of Oil Palm Kernel Crushing Plant in Buluan, Maguindanao with a project cost of Php170 million.

Agumil has added to the P1.451 billion investment generated during the first quarter of this year namely, Lamsan Power Corporation’s Php 921.56 million biomass renewable energy investment, SR Languyan Mining Corporation’s Php 520 million nickel ore mining project, and ABSCOR Multi-Trading Company’s Php 10 million import and export trading business.

Agumil Philippines Inc., a Filipino-Malaysian company is registered with RBOI since 2006 and is engaged...