News

ARMM Investors Not Waiting For BBL As Investments Continue Upward Trend

 

DAVAO CITY , July 21, 2015. - The Regional Board of Investments (RBOI) in the Autonomous Region in Muslim Mindanao (ARMM) approved a P252 million petroleum investment project located in Polloc Free Port, Parang, Maguindanao. This was after the RBOI -Board of Governors  in a joint meeting with the members of the Management Committee in Davao City approved yesterday the registration of DS3 Fuel Tanking and Services Inc., the fourth project registered by the agency in 2015.  With this  new addition, ARMM has recorded Php1.8 billion total investments in the 3rd quarter of this year and continuously going up despite the uncertainty of the passage of the Bangsamoro Basic Law (BBL).

The DS3 Fuel Tanking and Services Inc. is engage into providing storage facilities, marketing and distribution of petroleum products. The company will mainly be...

RBOI Conducts Consultation On ARMM Priority Investments

(COTABATO CITY- June 16, 2015). RBOI conducted a public consultation to potential and existing investors, business leaders, concerned government agencies, and other stakeholders to help review the 2014 ARMM Investments Priorities Plan (IPP) and formulate the ARMM IPP for the year 2015.

The said consultation held on June 16, 2016 at Jehan Hall, Al Nor Complex, Cotabato City is part of the regional government’s approach to actively involve all players in the planning of the region’s economic development particularly on investment matters.

The IPP shall correspond to the Regional Development Plan of ARMM in accordance with the 2011-2016 Philippine Development Plan. The identified priority economic activities shall be the basis for the granting of incentives by RBOI to qualified investors in the region. Investments projects shall be founded on the
following parameters: (1) project’s net value added,...

ARMM Investments Exceed P1.5-B But Investors Concerned About Diluted BBL

COTABATO CITY, May 18, 2015. New investments continue to pour into the Autonomous Region in Muslim Mindanao (ARMM), the core territory of the proposed Bangsamoro political entity. The latest investment to be registered by the Regional Board of Investments (RBOI) is the 5.5 MW additional capacity for the biomass power plant of Lamsan Power Corp. based in Sultan Kudarat, Maguindanao. The investment worth P686.74 million was approved by the RBOI last May 16, 2015 in its board meeting in this city.
 
Following the earlier registration of investments this year reaching a combined P863 million from an oil depot and a nickel mining project both located in Panglima Sugala, Tawi-Tawi, the total...

ARMM SEEKS TO ATTRACT MORE FINANCING INSTITUTIONS Islamic Bank And Non-bank Financial Institutions Prioritized

 

COTABATO CITY, March 16, 2015. Due to the increasing interest in the Autonomous Region in Muslim Mindanao (ARMM) and the prospective Bangsamoro political entity by bank and non-bank financial institutions to provide financial services to foreign and local investors in the region, the Regional Board of Investments (RBOI) is studying the grant of fiscal incentives to bank and non- bank financial institutions that locate their place of business in the ARMM in order to finance investment projects in the region.

The past two years 2013 and 2014 the ARMM has enjoyed record-breaking investments of P1.4-B and P3.8-B, respectively. This year the RBOI has already exceeded its official target for investments in 2015 of P700 million with the entry of two investment projects totaling P863 million in the first quarter alone.

The ASEAN economic integration slated to be implemented this year...

ARMM Registers P863 M Investments In 1st Quarter Of 2015

 

COTABATO CITY, February 27, 2015  -  A total of P863 Million worth of  projects were approved by the Regional Board of Investments - ARMM during its Joint Board and ManCom Meeting on February  20, 2015 in Davao City.   The projects approved for RBOI registration were Tawi-Tawian Petroleum Trading Corporation and Chan C Mining Incorporated. Both companies based in Panglima Sugala, Tawi-Tawi are expected to provide 553 employment opportunities to residents of the area.

Tawi-Tawian Petroleum Trading Corporation is into importation and distribution of petroleum products with a project cost of P121.25 million generating 56 jobs. The company will operate at Barangay Garing Baunoh where the 3 oil tanks depots are currently being constructed with a capacity of 7.6 million liters per annum.  It is expected that the whole province of Tawi-Tawi will soon enjoy...